Can steem be your main income in Malaysia ?

bitrocker2020 (77) in teammalaysia • 7 years ago

Quick meetup at KL Sentral

Its always fun to get together with like minded people and in this occasion , it was to discuss the 13th January #teammalaysia gathering and lots of other stuff.

EVENT DETAILS

Other topic which we were talking about ...

Is it sustainable to have Steem as your main income in Malaysia ?

chief statistician of Malaysia Dr Mohd Uzir Mahidin

A typical Malaysian House Income is about RM5,228

As I am writing this post steem dollars is now at $10.93 and to get to RM5,228 you only require 118 steem dollars.

Doing the math !

We all know of the 25% / 75% ( 50%|50% ) share.

How much do you need in your post to get up to 118 SBD a month. Your posts needs get a min of $11 or a higher value.

$11 payout post = Steempower + Steem Dollars of 4.125 = RM181.50 ( which can be exchanged for fiat daily )

So the big question is ... would you quit your day job ?

I do know that there are already a few people thinking of it and some who has already done it. Not necessary just because of Steem however due to the fact that they have obtained substantial wealth from Cryptocurrencies.

Dare to take the leap ?

The beauty of living in Malaysia is that we 've got some of the best foods at really affordable price range, our real estate is one of the most affordable and our MYR vs USD is 4:1 ratio.

With the price of steem on the move upwards and also the SBD moving up, it looks like its going to be a great year for Steemians globally.

teammalaysia sndbox community blog malaysia

7 years ago by bitrocker2020 (77)

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positivesteem (70) · 7 years ago

If the price of Steem and SP can sustain at this level, it can be the main income. When I retire in 3 years time, it will be great if my income from Steemit can be bigger than my pension. I can see that as a reality.

howtostartablog (65) · 7 years ago

I've been surviving on Steem since June 2017. :P

for91days (71) · 7 years ago

I wish to survive on it some day but to be honest I would love to finally get some recognition and some money here and there for our content. We've been travel blogging for over 7 years and we're doing it more as an expensive hobby (we're got freelance day jobs as well) but it seems like the only one who benefited from our content was FB .

howtostartablog (65) · 7 years ago

You posted it mainly on Facebook? Do you blog on WordPress or other platforms? You could earn a decent amount there.

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for91days (71) · 7 years ago

No we have a main wordpress blog (our baby) but I would say probably 4 years ago people stayed on FB, especially since FB don't want their users to leave their platform AND once they stopped sharing our updates with all of or followers. That's why we gave up on FB and found Steemit. Could you take a look at our Steemit Blog ...we're new and would really love to get noticed here. Which would give us even more drive to create more content. We're always having these up and downs and sometimes it's a bit depressing. But we swore to never give up :)

howtostartablog (65) · 7 years ago

Yeah FB changed their algorithm and not even 10% of your followers can see your posts on their feed. I mostly rely on Google traffic.

Yeah i'll take a look at it.

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bitrocker2020 (77) · 7 years ago

wow .. thats amazing .. in June steem was around $2.4 right ?

howtostartablog (65) · 7 years ago

Yea closer to 3, then HF 19 happened a week later. Awhile after HF 19 all dropped though. Luckily Melaka cheaper than KL. Now with Steem at $8, it feels surreal!

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aaronleang (67) · 7 years ago

Time to move to malacca 😆

for91days (71) · 7 years ago

What is Malacca?

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aaronleang (67) · 7 years ago

Malacca is the english of Melaka, which is one of the states in Malaysia

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for91days (71) · 7 years ago

Oh ... and I thought it was some kind of cryptocurrency . hhahaha sorry! Thank you for clearing that up.

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aaronleang (67) · 7 years ago

Haha no worries 😆

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myach (70) · 7 years ago

haha .... tell me bout it !

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cryptochindian (54) · 7 years ago

Wow, I didn't know that! Good on you. All the best in your endavours.

howtostartablog (65) · 7 years ago

Haha with Steem price at $8, can live in KL also. :P

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roselifecoach (60) · 7 years ago

I was wondering, is it better to keep more Steem or SBD? Or its a whole different kind of game playing with this 2?

aaronleang (67) · 7 years ago

Need a little bit more to really fully live off 😂, waiting the day it shoot up till $15

howtostartablog (65) · 7 years ago

SBD was supposed to be pegged to $1 usd but for some reason the market pumped it up..

I would keep more Steem instead, and power up to get more influence..

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mynameisclare (43) · 7 years ago

Cool!

zouxx (55) · 7 years ago (edited)

Terbaik !! Teh tarik + Roti canai=0.10sbd

bitrocker2020 (77) · 7 years ago

boleh upgrade jadi roti telur sudah bro

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zouxx (55) · 7 years ago

Hahaha, betul jgk tu.

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cryptochindian (54) · 7 years ago

Great bro! With you helping the Malaysian community, im sure some bloggers can take the leap!

superoo7 (64) · 7 years ago

Hope that I really can do it. I really wanted to reduce dependancy on my parents when I am studying overseas.

bitrocker2020 (77) · 7 years ago

Hah .. thats true 😀 .. that is what few steemians are doing . It's better then taking a few jobs just to sustain an income

dunsinvv (37) · 7 years ago

Haven't been easy for me though...just enduring so far.

jasonshick (65) · 7 years ago

The one thing you are missing is the comment part of steemit. You can be a great curator and commenter and earn as much by having a discussion on other peoples post as you do authoring your own. My blog post do decent and I am pleased with how I have progressed, but I think a lot of my steem has come through interacting with others

bitrocker2020 (77) · 7 years ago

That is indeed a great strategy for engagement and gaining solid followers

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vangie (55) · 7 years ago

i do wish it could be the main income but still long way to go. still learning :) there will be a teammalaysia gathering on 13/1?

bitrocker2020 (77) · 7 years ago

Yes there will ... Come come the event link is up in the post

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joannewong (70) · 7 years ago (edited)

2018 goal.

yaohualim (49) · 7 years ago

2018 Goal ! 1000SBD

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elizacheng (73) · 7 years ago

Yes yes yes!

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crypto3d (58) · 7 years ago

I'm so tempted but can't... damn Steemit is addictive :)

bitrocker2020 (77) · 7 years ago

Haha ... I know right

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deborism (54) · 7 years ago

Yeah been thinking of it... can't help it especially when you have a partner like @maverickfoo nagging at you, day and night about steemit, haha

bitrocker2020 (77) · 7 years ago

LoL !! 😎 With the price up high it really makes sense to do it.

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carmenraec (46) · 7 years ago

hahahaha.... eh eh .. at least u got a daily motivator when u dont feel like it :P

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kawsar (71) · 7 years ago

nice selfie....on teammalyasia...
I hope steem price increase day by day..

bitrocker2020 (77) · 7 years ago

yea !

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denion (53) · 7 years ago

took me some time to understand the math there! looking forward to see you guys soon!

bitrocker2020 (77) · 7 years ago

Same here 😁

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aaronleang (67) · 7 years ago

Now working my way to fully live on STEEMIT... 😆

elizacheng (73) · 7 years ago

Let's do it!

aaronleang (67) · 7 years ago

💪🏻

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aidanchin (40) · 7 years ago

This is truly a game changer. One day millennial parents would berate at their kids and say "stop playing games, you need to learn a skill you are passionate about on the internet to make money"

And these kids are already trading cryptocurrencies... and making more money than we do.

nekoling (40) · 7 years ago

How does this equation works? Is 4.125 a static figure?

$11 payout post = Steempower + Steem Dollars of 4.125 = RM181.50

superoo7 (64) · 7 years ago

The formula goes like this:

$11 split into 75% | 25% (Author, Curator)
= $ 8.25
$8.25 split into 50% | 50% (SBD, SP)
= $4.125

Then SBD to USD (Using 1:11 SBD to USD)
$4.125 * 11 = USD 45.375

Then USD to RM (Using 1:4 USD to RM)
USD 45.375 * 4
= RM 181.5

karinzdailygrind (51) · 7 years ago

That's a pretty detailed explanation @superoo7! Way to go!

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nekoling (40) · 7 years ago

Thanks. That's good to know.

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yaohualim (49) · 7 years ago

Before Sleep Steemit !
Wake up Steemit !
Driving... Steeemit !
Everyday without Steemit!

LUNO & emitano Still not get use to it. Really need help on how to Withdraw it out ! @Bitrocker2020

elizacheng (73) · 7 years ago (edited)

You mean everyday with Steemit.... Right?

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bitrocker2020 (77) · 7 years ago

Aha ... Sure man .. u r coming for our 13th Jan gathering right ? Let's catch up then

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aaronleang (67) · 7 years ago

Ehhh driving jangan steemit, nanti accident 🙈😬

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calebleejl (56) · 7 years ago

it's funny how now I 'wish' our mighty Ringgit becomes weaker against the greenback. let's do this together Team Malaysia! :)

bitrocker2020 (77) · 7 years ago

Tell me bout it .. used to be 4.2 then now it's 4.01 .. oh well .. not complaining

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gvand (62) · 7 years ago

Hi! @bitrocker2020 although I'm not from Malaysia, exactly 4 months ago I started in steemit and in the world of cryptocurrencies, and 3 months ago I made the final decision to quit my job to dedicate myself to steemit, to continue learning from the cryptoworld and to make art!

aaronleang (67) · 7 years ago

Congrats on taking the leap 😆

bitrocker2020 (77) · 7 years ago

Anything which is scary yet exciting = win . Glad that you've done it and I'm sure it's one of the best decisions yet

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gvand (62) · 7 years ago

If it was, as I mentioned earlier, my beginning in steemit was terrible ... but I wanted to dedicate the necessary time to learn, and do what I like. the risk was worth it!

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jieh (52) · 7 years ago

Hope I can live on Steem too, so that I can game without worrying about income at all. 😆

bitrocker2020 (77) · 7 years ago

What you need is POC . A proof of concept . Try blogging about Ur gaming for the next 1 month . You can see that your follower base and income will rise gradually . Don't forget to engage with others as well .

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jieh (52) · 7 years ago

Will do. Thank you for the advice!

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thekitchenfairy (71) · 7 years ago

I know a handful ppl here who quit their job and full time on mining and trading. With market up and down, I wonder if they have headaches more than me, when all I do is blogging for mere cents 😂

Are there a lot Malaysians on Steemit?

bitrocker2020 (77) · 7 years ago

There are more and more Malaysians coming on steemit everyday

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elizacheng (73) · 7 years ago

We all started with just mere cents... But eventually the more friends we made, we will see the cents grow. Engagement is as important as good quality contents for!

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dxn (58) · 7 years ago

making money by making friends and talking kok all day.

How cool is that, lol!

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elizacheng (73) · 7 years ago

Yes! It's easier now with the support of Team Malaysia! Back then we have nobody... So just go out there and mingle with fellow Malaysians and also other groups which have the same interest and passion as you!

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branlee87 (64) · 7 years ago

That's the dream, man! Aiming hard for it this year :)

bitrocker2020 (77) · 7 years ago

you will surely get it man

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branlee87 (64) · 7 years ago

Thanks for the kind words, bro :)

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comrade (46) · 7 years ago

Nice post! There is no doubt that steem is no ruling the world. So steem can be the main job for anybody. I follow and upvote.

eriluks (58) · 7 years ago

Would absolutely love to have my income made fully in Steemit. I don't have a lot of knowledge in crypto currency and I can't post a lot when Im working or in college. Dublin is very expensive and working on a minimum wage without tips is too stressful and isn't profitable. Hopefully 2018 will be the year for the dream to happen when I don't have to work a shitty job and have no life without being able to afford anything. Steem has helped me so much and I am so glad it exists ^^

bitrocker2020 (77) · 7 years ago

I'm sure that everyone here is facing almost similar challenges ... It's either shitty jobs or the fact to face horrible clients which demands so much but pays so little. Best part about steem is you don't need to be an expert in crypto to be good in steemit.

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eriluks (58) · 7 years ago

Yes, I absolutely agree. I try to tell a lot of my friends about it and a lot of them thought its a scam, even when I first heard of it I thought the same thing! but so far its the best thing that has ever happened to me. I would love to learn more about crypto as I feel I could take it further though ^^

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thunderbirdcomic (50) · 7 years ago

I will think about moving there in 2018, if #teammalaysia would welcome me.

bitrocker2020 (77) · 7 years ago

Of course ! Come come ...

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dunsinvv (37) · 7 years ago

Great bro...nice one.

kaerpediem (70) · 7 years ago

I would love to answer "I am a storyteller and I share my stories on Steemit" when someone asks me what I do..... hmmmmm, I like the sound of that, haha..... it's the numbers that's got me a little nervous. Still dare not tinkle with the Rewards and the Wallet 😅

bitrocker2020 (77) · 7 years ago

LoL .. can u like goto Ur wallet and Redeem Ur rewards

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dxn (58) · 7 years ago

It would be great if I can live off Steemit alone, but I won't quit my job even if does become a reality.

It means I can pick the projects that I like, at my leisure, instead of taking on every job that comes to me!

aaronleang (67) · 7 years ago

You choose job, not job choose you 😏 Be the boss of yourself

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kllam15 (45) · 7 years ago

time for custom suspension

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kllam15 (45) · 7 years ago

i will quit my job when my other plan works but not living on steem. for me steem is to fund my hobby

bitrocker2020 (77) · 7 years ago

thats cool

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heartscally (53) · 7 years ago

Interesting discussion points in the next meeting on the 13th January 2018. Will hear the outcomes from somewhere, someone. LOL Have fun!!!

khusairy (49) · 7 years ago

Awesome post! I am in Sarawak and is planning to focus more time on Steemit too :)

bitrocker2020 (77) · 7 years ago

great to hear that @khusairy !!! lets grow sarawak !

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jerrywjl (39) · 7 years ago

I would like to say a big thank you for #teammalaysia for introducing steem to me! Looking forward to learn from all gurus and sifus here :P

carmenraec (46) · 7 years ago

There is always a possibility. I just got in to Steemit and i am pretty excited about it, even more so to know from @maverickfoo that there is a teammalaysia! Looking forward to meet u guys in person coming week. ;)

bitrocker2020 (77) · 7 years ago

awesome .. hope to see you there as well ! just saw your first post ... cheers =)

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shayenne (48) · 7 years ago

Surely steemit can be helpful anywhere

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muhammadkamal (49) · 7 years ago

Working with Gurupata is a lot of profit. Hope you will continue to be successful.

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yuanthinkchia (47) · 7 years ago

I hope it be my main income for up coming month .
before I was wondering ready to eat some grass over the year

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veenang (65) · 7 years ago

Wow.. did not know that people realy resign from work to do steemit fulltime...hmmmmm😳😳

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ronboh (25) · 7 years ago

Thank you for sharing and the tip mate!

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glennkong (45) · 7 years ago

I am very new in Steemit, just post it in 3 days only, haha, but I will try my best to achieve that level cuz I hate 9-5 day job. But for surviving , there is no choice, hope I could reach that level. And hope everyone in steemit can dreams come true.Haha

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beverlyjoe (64) · 7 years ago

This is what I'm thinking right now "OMG!!!". I never thought that Steemit can provide a sustainable income until I came across this post. All this time, all that I can think about is earning a few bucks to add to my monthly income. I should be thanking you guys for opening up my eyes to reality. Thank you Mr. Boombastic @bitrocker2020 for sharing this. Thumbs up.

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