Cryptocurrencies have led to many success stories (including failures too) however how did those successful people make their money? The simple answer is that they have a different mindset than other people- In fact , changing your mindset from daily consumption to a strategic investor will make a big difference because no successful person think short term rather long-term and steem ecosystem provides us all with the tools to succeed in that regard-here are some few points:
**Consumption Vs Investing: **If your plan is to post daily and withdraw all your gains (including powering down) then you are making a big mistake (except if you really need the money). Reason is that steem should not be viewed as daily paycheck rather as a means to financial freedom in the long term. You can always withdraw some steem to solve outstanding financial issues however try to reinvest the remaining as steem power which will lead to positive return on investment due to its future value ( read here for details).
Reinvesting your earnings: Imagine being active here (at least 4 to 7 posts a week ) and getting paid in SBD daily and you remove a certain amount to use (boosting your post, personal etc) and then reinvest the rest in steem power-what do you think will happen in 6months to 1 year? In fact your reputation and investment will worth more than 100 xs of what it was when you started. This is what almost all the successful people here normally do except those who invested a lot of fiat currency in steem and powered it up. Moreover, some people even bought delegated steem power in order to boost their steem earnings and subsequently, steem power.
Steem Power is the key: I always repeat this phrase about steem power ( to friends, strangers and family members) because am passionate about steem due to the future value I see in it- even surpassing 1K+ (Ethereum) in few years’ time especially after the implementation of SMT and HFork 20 (read here for details ) therefore , work smart to earn your SBD , go to your wallet and click on Market, change some or all of your SBD to steem and later power it up- because doing so will guarantee you a stake in the future of social media, which in return will lead to financial freedom (resteem to share the tips with your followers).
Do you agree? Send in your comments, pls resteem for others to join and upvote in order to send in your support.
Read my former post: Why Banks are The Real Axis of Evil and Why Cryptocurrencies are the solution
Hey guys, heard about this new upcoming coin called Ethereum Lyte (ELYTE) , so far price has shot up over 3K% in just a few weeks- even as they are yet to be listed on Coin market cap (coming soon), seems like it might be a real good investment for the future. What are your thoughts? Make sure to check out their twitter page : https://twitter.com/EthereumLyte , website : https://www.elyte.biz/ and white paper or join their active telegram community https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw where all your questions will be answered.
Elyte website: https://www.elyte.biz/
Telegram : https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw
Facebook: https://www.facebook.com/EthereumLyte
Twitter: https://twitter.com/EthereumLyte
Linkedin : https://www.linkedin.com/company/ethereum-lyte-elyte/
Bitcoin Talk page : https://bitcointalk.org/index.php?topic=2618851.new#new
Reddit : https://www.reddit.com/r/EthereumLyte_ELYTE/
Join the Telegram group for now!
As a new member, I first spent hours going through all your posts and I am amazed on the breath of knowledge I gained on steem ecosystem and cryptocurrencies in general. I will certainly keep learning for 1 or 2 more weeks before I start posting and am sure that I will succeed here.. My main priority now in tis platform is knowledge and steem power.. Ladies love moon ride too 😀👍✌💕
Hahaha you are indeed a smart lady and learning fast...I am sure that you will be a big success here. Keep steeming to more success.
Thanks @charles1, i found this post worthy to resteem, With this you opened my eyes to see the future in steemit. I have learnt to buy steem Power i i really want to make it Big here thanks alot, i also read ur post on cryptocurrency it was wow. I hope to be visiting the blog always to get educating and thought Provoking post here. Keep feeding me Am blessed
You are welcome, keep steeming to more success.
Great read. I'm really excited for Steemit, and it's potential.
I'm currently working on build my account up, so i can act as an ambassador for Steemit, to the Longboarding community. So many longboarders are amazing content creators, but most are doing it just for the love of it, even the sponsored pro riders often have a day job to get by. So as I learn, I will use my experience to help them do better on steemit, and start earning for all the content they create. So far i'm just starting to see small returns, but every time I learn something new, I see a huge progression in my account. Way more than I ever saw when paying for ads on any other platforms.
Thanks for the information, looking forward to learning more.
You are welcome and am sure that you will be a big success here...keep steeming to more success.
I just started posting recently and am very happy I came across your posts, they give me enlighten me immensely on this platform- Thanks!
Welcome to steemit and success to you.
Thanks Charles. I like post. Steem powers its key, excellent.
welcome
You're preaching what I've been practicing! Even before the little icon was introduced, I've been selecting "100% Steem Power" for my post payouts. I haven't powered down once, not even with the STEEM I bought and powered up with.
This is clearly shown in your success..which will even be more in few months time..tighten your seat belt for a moon ride!!!! more success to you buddy.
I reinvested my first month of earnings into Steem power.
I plan on doing that for as long as possible.
It feels good to be prepared for the future, and Steemit future is bright!
JGV
Great, I wish you more success
Thanks for this post @charles1
I am new in here and this is exactly my strategy for Steemit. I would add that besides big financial rewards on the long term, you will also develop a great network of great people, and build a following.
A question for you: What's the best way to exchange my SBD to STEEM and them power up to SP, the internal market or a service such us blocktrades.us?
Thank you in advance!
Thanks for your comment. It depends on their current exchange rate (both are good) however I use the internal market
Thanks for your reply!
Then I'll be checking both and make the trade on the one that has the better rate at that point in time.
This post has received gratitude of 5.05 % from @appreciator thanks to: @charles1.
Your right @Charles1, we must think about the future not the present. Strategic planning is the key to success.
Point
Hi do you know where I can buy delegated steem power? Do you then pay it off per week?
really i have no idea, but am gonna make inquiry from friends who are participant
Thanks! Following YOU! You're being really helpful!
This is a service where you can lease, it looks expensive though, https://www.minnowbooster.net/
OK it might make sense though if you post a lot right?
My understanding of this is that people leverage it by using it together with their friends and voting each other's content.
Interesting perspective. Are you a full-time Steemian?
No, I'm not and never will be. Steemit for me, is a place where I can share the lessons I learn and meet new interesting people. I build and help businesses grow, that's my full-time gig :D
What about you @pjcswart?
Awesome Attitude. Nope! Just curious are you into personal development books?
Thanks checking it out now, following YOU!
@blocktrades do sell too....remember me when you buy 1M steem power 😀👍
OK LOL. I wanna lease...
Increasing your steem power is always a good idea. I took some sbd out when it was over 10 dollars and I wish I had just bought more sp.
It is ok to take some profits if you need the money. However powering up is the key
Indeed, I´m here for the long haul. Steem Power is key! And also, its fun learning how to produce better and better content!(and that damn markdown formatting too)
Good point, I wish you more success
Good point, I wish you more success
of course @charles1 it's a long term investment on the otherside that here you will find people share their life experiences and brilliant ideas, people talking about what they are really passionate about rather than sharing meaningless posts on facebook. above all of that money comes as a PLUS you'll find this no where else but here
Good point indeed, I agree.
isn't it sometimes good for those of us with no fiat money to invest, to change some of our SBD for other crypto currencies so that we can be invested in more potential projects? Nothing is certain, so having all your eggs in one basket (as in your picture!) is surely a bit risky!?
It depends on the project.Steem is a good investment however I indicated that your should remove some money for personal purposes after which you re-invest the rest. Moreover, my eggs as indicated in the bascket have already turned gold and solid 😀👍
haha. good point! ;)
Science is very useful, ** LONG TERM ** is a very interesting word for me, as I am currently very layman will try to continue to learn and learn to dig science, explore all the potential, it's all for the long term, I will stay here for long-term goals, thanks @ charles1 I will fight and one day I can surely here with success, once again thanks to his knowledge @ charles1, and his motivation.
Sangat bagus
Cryptocurrency is the future. Steemit lives forever!
can you elaborate?
When I saw this post I was amazed. You know so much about steem. And then seeing your other posts amazed me more because you have so much content.
Thanks for making this great content
Welcome , however what do yo like about this post?
I really appreciate the advice that this post gives. I am new to the platform and I need to learn everything in order to succeed. I will make sure to reinvest all my earnings
ps thanks for helping me improve my comments. Have a nice day
Follow and vote please
https://steemit.com/alam/@herryc/alam-punya-segalanya-e331e00f53424
I rather flag you bot!!! learn how to read and comment
I guess the fruits from my minimal invetment in 2016 are staring at me...i imagine possibilities.
Well, i do ;)
PS: Try to avoid a votingpower drop below 80% You gain 20% each 24h, it helps to keep "your voice/voting" more powerful.
Good point
Good point
I’ve been on Steemit here a couple months and it’s been slow but steady. But the one thing I did learn at the beginning was to make it long term, like you said not a paycheck but an investment.
i still really dont understand what steempower is really for, why do we need so much of steem power and all that stuff, steem-steempower and steemdollars whats the difference, can someone please explain. Thank you
Welcome to steemit from @lopezdacruz. All the best in your steemit journey.
Hey charles1 saya adalah pengguna pemula steemet.. Landasan yg anda buat menjadi inspirasi buat saya untuk mencapai kesuksesan.. Thanks sobat
Hey charles1. Nice your post 😀👍👍
Nice to meet you @charles1
what is nice about my post...bot???
@originalworks
Nice..
I'm FOLLOW you.
and you FOLLOW Me... Pleess
This is a great post for someone like me who is just starting out :) thanks! Keep inspiring!
Excellent Post.... You are welcome to Steemit (The best site ever!). If you are multi-talented, you are welcome, and it is a bonus for both parties (You and the Platform)
For multi-talented gifts like you. Chose your niche; I'm happy you have got one (Niche) already. Post daily and earn by having more amazing friends daily; Also, some token awaits you. To be candid, we need you in here.
As a multi-talented blogger, whose exceptional experience is amazing, I would like to share my daily post featuring different niches of blogging. I always claimed STEEMIT is made for me because I'm capable of giving out different services to help grow this platform.
I play football, sing, draw and act comedy. More than that, I’m an expert at drawing, writing, and doing voice-overs.
Help Support My Projects!
If you would like to support my projects and/or my ideas and vision, then that shows the tendency of your love for STEEMIT. For the future of the Steem platform, I would greatly appreciate you viewing my blog daily.
Casting your vote will be appreciated: When you get there, feel free to decide, either to Upvote, Comment or Resteem.
Cheers!
Kuboskeey
Lol, read post before commenting and stop spamming ..bot?
I agreed i made a huge mistake sending you this, but i really go through the post. I dicovered you made mention of powering up, in which i already know that. so, i went straight to my blog and try to do the changes, but i couldn't, i browsed it online, but still not get it.
" work smart to earn your SBD , go to your wallet and click on Market, change some or all of your SBD to steem and later power it up- because doing so will guarantee you a stake in the future of social media, which in return will lead to financial freedom (resteem to share the tips with your followers)." Right now, i dont know how to nvert my SBD to steem (i don't know if you can help with that). I really learned from you that's why i wanna create a followership by sending the reply to you. I should have sent it to a minnow like me. That was just a strtegy i think could work to generate more friends in here. I mean no harm Sir. I'm sorry. If you check my blog, you will know that i'm not here to extort, but to work hard and earn a good living. Thanks again for the advice, your blog is worth navigating everyday, as you a gem to this community, and i have made up my mind learning from you.
Perfectly explained
Thank you @charles1.
@charles1 My opinion of BTC right now. Holding tight.
I am new here, and to tell you the truth, I am lost on everything you said up above. Even, the comments dint really help much. For instance, I don't know what you guys mean by resteem...steam power..and all. But I hope to make lots of money on this platform doing what I love - writing and building relationships!
What eggs are they called. Next time its color