Weekly Update #5
This was a brutal week for several reasons. First the price of steem dropped (along with sbds), and on top of that the internal price stayed up so we couldn't really average in at the lower prices. We we basically just stuck all week long doing not much of anything.... The price of steem dropped again from a 3.02 value to 2.68 value in the last week. Even with all that negativity, we are still holding in there. Our balance of sbds increaded to $23 (+11), but our upvotes in the hopper dropped down to $64 (-$16) (see chart below). So we had a small gain as we essentially lost $16 worth of votes and but gained $11 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 $3.02 for steem and now it is being priced in the mid $2s, thus we have handled the drop rather well. With the new system on steemworld, we can now see what is exactly in the hopper, so now we have about a net $53 sbds once the posts pay off, so that is essentially up $3 sbds from 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 53 sbds to 130 is about a 2 1/2 fold increase. I think we can do that in the next month or so. (with a break)... That is now only a 2.5x growth rate, up from 3x 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 3x what we have today.
That is the plan... Feel free to tell me what you think!
Sounds like a good plan!
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Thank you Blondie... We actually have a break on the leasing rates... they are now north of 200... so if we can grow the account and get steem/sbd more even, then this plan has a shot ;)
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you received an up vote from danlupi with voting power of 18.55%. Estimated dollar amount of $0.95
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If this guys pattern holds true then we will hit a rebound on june 6th so buy on the 5th and sell before july 5th. Since steem follows the big daddy coin pretty closely a lot of times.
https://steemit.com/bitcoin/@jrcornel/patterns-patterns-patterns-here-s-an-interesting-one
I like patterns. they are very helpful. Just throwing that out there.
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You're a good many @doomsdaychassis! (even though you say you only have bad ideas, this one looks pretty good) :P
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That is probably the nicest thing anyone has said to me on here. Thanks
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lol... My pleasure to give you that tremendous compliment! You deserve every word of it ;)
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You got a 33.33% upvote from @payforplay! Please consider delegating steem power to @payforplay. We are currently sharing 100% of our profits with our delegators. That's correct, 100%! It doesn't get better than that. It is essentially running your own bid bot without doing any of the work. Steem power can be delegated here: https://steembottracker.com/delegation.html
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Congratulation unleashpower! Your post has appeared on the hot page after 11min with 17 votes.
Thanks to @souldelas.
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cool... thanks a great feat, very happy to know that! You are awesome to tell me about it! Great service!
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You got a 3.12% 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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Sounds like a good plan!
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Hi
I saw the drop in the price of Steem as a buying opportunity because I want to hold it long term. But I don’t know if I should convert my SBD to Steem or hold them. Any suggestions?
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I think it is a scale down buying opportunity... It is definitely near the 6 month lows, but it was 1/10 of this price a little over a year ago. I am going the other way and focusing on accumulating SBD's... I think in the very long term we will have a spike in steem, but near term if SBDs remain so cheap then they will weigh down steem with them too... That's my opinion, feel free to ask me any more questions, I will be happy to answer!
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You got a 3.05% 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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Hi
Do you have a link to a post that explains what you do and the benefits of investing in your program?
Thanks
@shortsegments
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Not yet @shortsegments... I will be happy to answer any of your questions, but right now this is in development and not ready to roll out on a larger scale (yet) ;)
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You got a 3.05% 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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Thank you.
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You're welcome! We do have big plans, we're waiting for the smart tokens to be released
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