Weekly Update #4
Ok it has been another tough week on the bots... Mainly because the price of steem dropped from a 3.55 value to 3.02 value in the last week. Having said that, we are still holding in there. Our balance of sbds increaded to $12 (+4), but our upvotes in the hopper dropped down to $80 (-$15) (see chart below). So we had a small loss as we essentially lost $15 worth of votes and gained only $4 sbd (note we did pick up some steem power, but that isn't what we mark ourselves against). The good thing is the market dropped from a bit over $3.55 for steem and now it is being priced at $3.02, thus we have handled the drop without losing much ground. So now we have about a net $42 sbds once the posts pay off, so that is essentially down $3 sbds 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 42 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!
This is great... I love to see the progress and thanks for what you are doing for all of us that are your members... I do hope you get to 1800 steem... Do you have any ideas if that is even going to be possible in the next month as you are hoping for? I know you say the prices dropping are good but doesn't it slow you down a bit too?
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Thank you very much for the compliment and yes I plan on getting to 1800 steem (hopefully before the other leases run out)... I'm hoping that we grind it out while it heads lower, and then we get a big spike at some point... if we have 65 sbd invested in votes and the price doubles then we get to 130 just like that... plus I'm counting on the sbd's going to par with steem during that run... I'm a big believer that steem can't go up far without sbd's going with it. That's the plan, I hope it works ;)
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You got a 27.18% upvote from @emperorofnaps courtesy of @unleashpower!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
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You got a 11.35% upvote from @emperorofnaps courtesy of @ilovepoorpeople!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
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You got a 25.96% upvote from @emperorofnaps courtesy of @unleashpower!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
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