Do you ever feel like you are far behind, missed a golden opportunity, lagging? I do. I have felt it often in my life and in general, it has been true and the person to blame has been myself. Even though I sometimes see trends forming, I am not risk-taking by nature and if anything, quite risk averse. For some, this may be viewed as a good thing but, I see it as one of my flaws. One way this presents itself is that I don't throw myself into something early, even if I see potential in it.
I have often thought, what if I was in at Steemit early, what if I had arrived in mid-2016 instead of early 2017. Even though impossible to actually know in hindsight, if I had followed the same trajectory starting 6 months earlier I have very little doubt that I would be a lot more whale-ish by now and, I would have put more of my own funds into Steem. I was here for 6-7 cent Steem, the problem was, I didn't know what that meant at that time. Taking my starting point back 6 months would have meant that I did know.
It took me 4-6 months to really get my head around this place and begin to learn what I needed to learn. I still have a long way to go of course but it was around summer 2017 that I really started applying and investing myself. If that had started from my day one, I would have known in March that it was time to invest but the reason I didn't invest was for two reasons, risk and reward.
Money was very, very tight last year after various complications but, I would have been able to scrape a few hundred euros together easily enough. 200€ would have bought ~4000 Steem at that point. Using that as a starting point instead of zero would have fundamentally changed my position here. If I had been here 6 months earlier, I would have likely had a great deal more than that already accumulated. The risk for me based on the knowledge I had was too high and based on the knowledge I had, I didn't know of the potential rewards to come.
They say knowledge is power but, it is actually what one does with that knowledge that has value. When I started here, my knowledge was poor, my processes bad, I acted as I thought I should without first understanding the ecosystem and I was much, much more idealistic about it all. I bought heavily into the idea that content matters and still to this day, it plagues me. There was no power to be had from the knowledge I possessed about the platform, only what I brought into the platform through my own experience.
I still think content should matter but those that really understand the platform know this not to be true. While I was developing content, they were finding loopholes. While I was trying to engage, they were maximizing. It is not that I missed the train, I just got on at a different station, on a different train, on different tracks.
But, I am not unhappy with my progress and many may even be envious of my position. Not that it matters to me but, I think anyone who started when I started could be in a similar position. In fact, because of when I actually started learning and developing consistently, anyone who started around summer last year could be in a similar position but, did they know that then? Were they ready to take the risks for the rewards?
What about those who started in November or when SBD broke the peg? Did they have the knowledge of the way the system worked to take advantage of the situation or, was it too risky, better take the rewards and run? There was a time that I was very likely to think that way too but now, I am a little more risk-welcoming and even if the Steem social experiment fails, the knowledge I have gained here has value in and of itself which means I will be able to more quickly identify, learn and act upon other systems in the world, real and virtual.
This is just a ramble of a post but a lot of people think that they too have missed the train because they currently aren't getting the rewards they want or, they look at accounts above them and think they are entitled to the same position. There is no space for entitlement here in my opinion and those who support the entitled should cut it out. But, there is still a long way to go, many stations left and several trains to come. A lot of opportunity for those who learn and work.
Last night I crossed the 4000 follower threshold which doesn't mean much considering many are likely dead. Just because humans tend to like round numbers and I am no different, I transferred a few hundred Steem in to power up so now I have 20,000 SP. It has taken a lot of work to get here but it has also taken a great deal of risk from my perspective and that is something I am content with, I have proven to myself that I don't always have to play it safe.
Yep, it might come back to bite me very hard but, I am okay with that. Skin in the game.
Taraz
[ a Steemit original ]
I have lost hundreds of trains in my entire life and almost always I'm too cautious on taking risks but that's how I am. Some have entered Steemit and the crypto world years before me so be it. Maybe it's Karma or maybe it's that weak risk taker side of mine.
I also very often look at accounts that have lots of rewards, but very good posts also and think that maybe if I got in the game earlier I could probably be like them...or not.
I also saw accounts with pretty low quality posts but nice rewards due to their followers that upvote their posts generously and constantly. It's a nice milestone to have 4,000 followers, but maybe a few tens of them are active and upvote your posts. I have almost 800 and about 3-4 that upvote my posts constantly.
Regarding your posts and your work around here I can honestly admit that I learned and am still learning alot from you about blogging. I like the way you write and I am pretty sure that in one-two years you will be well paid for your efforts.
Have patience and trust the organic voting power. Quality always increases in price.
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It depends on many factors including luck but as they say, fortune favours the bold.
I don't care much about follower count but I have some very good followers who engage well and often.
Competition is coming in fast i feel.
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All of these things you're feeling and regrets you have; that's how I felt after bitcoin mooned.
Why didn't I buy more $50 bitcoin???
I wasn't going to make the same mistake here so I moved all my chips in.
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I hope it all pays off for those who do the work and take the risks.
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I heard about Steemit last winter, when I was checking some youtube videos. Maybe if I wanst looking for new opportunities at that time I wouldnt discover it. Even If I see the advertisement somewhere I wouldn't be interested to check. Some things happen always in the right time for the right reason and it is never too late. In the last weeks the price of Steem was very down and a good opportunity to invest.
Sometimes small mistakes can teach us a lot. But what matters is that you are here now and you are doing good. After six months you will be in a better level than now. There is nothing to regret, because what comes next is always better.
Followers dont really mean a lot. Whales who have about 15000 followers get upvoted from 1000 followers only. The most people join Steemit for some weeks and leave for different reasons.
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Followers mean almost nothing here but because more people are coming in from the other social medias, follower count increases quickly. It took me over two months to get 100 followers when I began. There is a long way to go here.
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Yes true. It took me also a while to get the first followers, but when I crossed the 1000, it became more easier :)
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I think i understand your point, i wish i had heard about Steemit earlier than now but do you think it's too late to invest if not money but time?.
What advice can you give me on how to get a better risk / reward percentage
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Your last post was 2 months ago. Start there.
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Ahah, i think you told me that last week too. I have been a crisis for some time now, but its almost over. So very soon i would start posting again and would definitely keep you on the loop. Thanks alot buddy
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Yes, I did say last week too. This is the issue I see for you. You make your money from comments (as do many others) but as competition increases, you still won't have a blog that is worth supporting. That means you are likely going to be squeezed out over time by people who are commenting better than you. The competition has already increased on my own blog if you haven't noticed as I reward comments but, it will get to a point where I can't reward them all.
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I understand you, thanks alot for taking your time out to explain this to me. Means a lot. I wish you good fortune in your endeavors. Thanks bud
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You struggling to come up with topics to write about or what is holding you back?
Even if time is a factor there are some very short and easy thing post about here. There is even a tag many people use called #fiftywords and its just as it sounds a story in 50 words.
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Thanks alot, are you on discord?
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I don’t open up my discord to unknown people. Anything that needs to be said can be done here.
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Also many people frown on self up voting comments your own vote does not carry enough weight on its own to make it past the threshold. Sitting at 65% self upvote is not that most strive to be here.
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Hi taraz. You can't think like that. It would drive you nuts. Knowledge is power but in hindsight no one knew. Remember you have a year on me in Steemit. I see you as an early bird and fortunate you joined when you did.
If we all went round saying I should have bought Bitcoin in 2010, if I joined Steemit in 2016,if i did this or that. There will be a time that you do something and others will wish they were you. I have made judgmental errors that I didn't know the consequences until years later. Who knows where one would be if we had made different choices. You could be still in Australia and not met your wife ,you wouldn't be on Steemit and chatting to a great group of people.
That is why you can't think like that. I would've blown my brains out ages ago with what I have tossed away had affected me. You move on and somewhere take a chance. You never know.
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The reward of this comment will be added to the postal prize for help.
It's amazing, I agree with you, this is a great post, and you deserve a nice reward.
Keep up your mission.
Thanks from @razi04
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great post @tarazkp! At hindsight it all makes sense but there is no way to know what you don't know :) #skininthegame
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Thank you sir.
Really pour out your heart on this post, I'm sure you meant more than your word could express.
Congratulations on your achievements sir, it is a dream for someone like me. I do blame myself for coming late too, at least I had about steemit a month before I joined. But, that does not stop me from believing.
I might not have the money to invest in others to stimulate my growth, but I have the power of consistency. As long as I'm doing the right thing, getting to the top is a matter of time.
If it won't be too big to request sir, it would be my pleasure to have private word with you on any of the social media, I want to learn about those unspoken words. I want to learn how to better my game too. I will like to have a mentor like who would be open to guide me like you did with this post.
Thank you very much sir
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If anyone have great weapons and don't know how to fire them then, it is better to not have them.
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Very interesting post friend thanks for sharing
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When it come to the world of steemit, I’ve always felt amd still feeling I was left behind. I always wish I had known this 2yrars Who and I imagine where I’d be today on steemit . In education, I felt behind cause I studied what wasn’t my passion. I felt why haven’t I invested in crypto currency. I felt why haven’t I had bitcoin . But all these feelings made me who I am today . I’m strong, determined and moving on . It’s time I created a feeling if I’m glad I was determined.
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I agree having the right skillset and understanding at the time allows you to maximize potential opportunity if you can find the time. People often have to keep in mind opportunity cost as well. While you are off doing something you are missing out on other things.
Right now still if you have the correct skillset you can brining in $100 blog(s) a week. Granted you also going need the right software and the ability to extract data and make meaning out of it into something like a utopian-io analysis blog. Even the odder thing in this instance contributions are declining week over week. That’s right less completion due to their high standards is decreasing how many are trying to get in on such an opportunity along with other factors.
While having that initially, skillset can sure save a lot of time as you mentioned. Those off the bat skills are just a time saver but people don’t invest in themselves or take the risks needed. So why am I not teaching myself and taking advantage of such an opportunity? Well in fact when I made a little time here or there I am working toward that and other goal. I also understand by the time I’m producing quality content they are looking for those $100 days I doubt will still be around. Granted it still would earn a lot more than my normal blogs or comments. It’s same reason why I’m not making only dlive blogs or a bunch of other things. I know opportunity is there I’m just not what the market is looking for.
Throughout my life, I try and avoid being a train-chaser without success (I am one.) Most times I think I’m aboard the train and stuff going go great. Turns out nope, I was just in the rat race and that was that. I’m sure everyone standing from the outside looking in is all screaming at themselves going “I miss out on such an opportunity.” Too many focuses on what the top 5% are getting and fail to realize they were never going be the top . Like my comments not quite good enough at end of the day but I love writing comments so I do anyway.
Case in point this year I was going go back to college and earn a few certifications over next year. There is a massive employee shortage in a much-needed field and salaries intently in many places skyrocket past 100k-150k a year. Now I know those 100k jobs will be long gone in fact I was hoping it would be $50-80k a year. I wanted the skillset I was going learn and build on.
I started to do my research and I even took a class. Everyone in them thinks they are going to just walk away with a $100k+ a year job. It was filled with people who lacked the basic computer skills and more importantly the math skillset to the point they struggle and need to invest around double the time to catch up. Which case they won’t because they think they will get an easy $100k a year job and don’t understand why they won’t.
I ended up not going through with this “opportunity” further after the single class. I have a certain understanding that 90% will not make it in the end. Of that I know I’m in the bottom of that 10% which is not going cut it. Even more so if higher amount make it. Too many people, all wanted in on this opportunity. While I was expecting many to want get in on that opportunity I was in shock just how many. They all think “this is the one.” Expect in one to two years companies who are currently paying people with just enough certs to be hired and then the companies are covering costs to earn the required bachelor’s degree won’t need to soon enough. The people who got in early will have required experience for a very long time to still demand top pay. Everyone else is lucky to get 40k a year and they will start taking on massive debt while they slowly seeing that high pay they are reaching for dwindle to that amount. Even worse all those people will have to relocation into high cost areas where that kind of pay is going be a struggle to get by. Not that golden opportunity people years form now will be looking inward and saying "omg I missed out." They lack the understanding of seeing the market.
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I have also felt this way many times, but the rate things are changing now, there will be many more trains to catch. I have said it before and will say it again, I'm not smart when it comes to all this crypto and platform building stuff, but have lived a very full, cruel and interesting life which makes me enjoy the people interacting and learning from others on a constant bases in many ways. Earning while learn as you said.
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Great information, very complete and focused, we have learned new things. Thanks for sharing, we liked it.
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