Weekly Update #3

Ok we lost a few more leases and it has been a tough week on the bots... Mainly because the price of steem dropped to a 3.55 value as we write this. Having said that, we are still holding in there. Our balance of sbds dropped to $8 (-$15), but our upvotes in the hopper are now almost $95 (+$38) (see chart below). So net net no real gain as we essentially spent $15 to get $38 more in the hopper. The only decent thing about it is that the market dropped from a bit over $4 for steem and now it is being priced at $3.55, thus we have handled the drop but didn't gain much ground. So we still have about a net $45 sbds once the posts pay off, so that is essentially flat with last week.

As a reminder, we are hoping to continue to build the sbds and wait for a price drop (which we got partially this week, so not all bad ;) ). If we get a price drop the goal would be to get a rate of 180 SP per steem per week... so for 13 weeks that would be 13 steem for 180 sp. The goal is to get the sbd up enough to get 130 steem... so going from 45 sbds to 130 is about a 3 fold increase. I think we can do that in the next month or so. (with a break)... That is now only a 3x growth rate, the same as last week... The goal will get clearer and more achievable as the days go forward!

If we reach those goals and target prices, it would mean the addition of 1800 steem or roughtly 1.5x what we have today.

That is the plan... Feel free to tell me what you think!

photo source