How Would You Invest $300 In Steem?
When I started at Steem I think I first invested $30 into it, it was used to power up and lease SP which gave my account a boost so that my upvote made sense. Lol. So from the word go I was voting members from $0.01 and above except in cause where it was a trail vote.
As my account was growing I kept reinvesting and adding more funds to grow my account, as my SP grew I started delegating SP to Dapps I am using and various communities I belonged to. With Steem-Engine coming along more investment opportunities came along, so I was able to invest in JJM, SCT, AAA and Palnet.
But Steem as it was when I joined is becoming really sophisticated as new things are happening every day, opportunities are popping up regularly for one to grab others are investments that have been long standing like delegating SP, vote selling or delegating to bots.
A friend I introduced to the Steem blockchain and I were discussing about how Steem is growing via the tokens that are created on it and the up coming HF21. He had invested $50 when he started this month and he is planning on investing a larger amount soon. For me it has always been a little investment here and a little investment there and everything is adding up.
He then asked me how he should spread his investment if he were to invest $300 on Steem. I told him to give me a week to think about it as there were so many things happening right now that one has to analysis before taking a decision. As I was thinking about it I asked myself the same question, bearing all the new things happening on the Steem Blockchain how should I spread an investment of $300?
To some users $300 may not really be worth much but to others it is worth something and can be a starting point. We are investing in Steem as a long term thingy and not a hit and run thingy. I enjoy the blockchain a lot and would like members help in deciding how to invest $300 in the blockchain. It can be ideas regarding Steem, the tokens in it, Dapps, Delegation, Voting selling or anything at all as long as it is on the Steem Blockchain.
The Challenge and Bounty!
How do you think we should invest $300 on Steem (I used “we” because I am also interested). Please let me know in the comment section below, you can be as detailed as possible so the we all learn from your wealth of knowledge. Thanks
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Note: You shall not be responsible if your advice is used and it fails or it doesn’t go according to what you described as you will also not share in any gains that may arise from your advice. Thank you. :)
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Please remember that your comments and suggestions should be based on Steem and not HYIP stuff, thanks.
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I would power up $100 to increase my curation rewards. With the 2nd $100, I'd split that between Palnet and Actifit delegation. The last $100 I'd buy Bitcoin and sell half when it doubles again (and it will) and use that $100 to buy more STEEM.
Agree on Actifit - sweet returns from delegations to this dApp. If only we would be more certain when Afit tokens hit the open free market...
Power up $100 will give me additional 256 SP which is a $0.01 upvote value added. Split $100 between Pal and Actifit, great idea and then hold $100 in BTC. Thanks @evernoticethat, I appreciate your comment.
That's a hard decision to make right now, there are so many new things available. A month ago I would have said just buy Steem and power it up. In fact, that's exactly what I have done over the past couple of months. But now I would have to include buying more PAL. And some JJM and SCT. Because diversification is a key element in building a portfolio. And probably some Steem Engine tokens to because they are going to explode. And with some of your SP, delegate to Actifit and Upvote Builders! 😜😎
I hear you my sister. Lol. The Steem ecosystem is really dynamic right now. You're sure right, diversification is really the key.
You know my dear, the rate at which I was growing before starting Upvotebuilders i would have gotten to more than 4000 SP of my own, but I've remained static around the 1,600 area because I've been powering down to make sure the community keeps growing, I know all that will change soon because the community will soon become sustainable with all the plans in place. But as usual, I'll keep the funding coming to fill in any gaps for now but I need to also earn as well to be able to continue funding it.
I hope I get great ideas from all your contributions because a lot of good change is coming for the betterment of the @upvotebuilders community and its members.
Cheers my dear.
I don't know what you should do, but I can tell you what I'm doing.
All my new money is being split, half into SplinterLands cards for rent and half into PAL tokens. I'm very bullish on both.
Thanks a lot @neal.pal, I am bullish on PAL too but don't really know much about SplinterLands cards, reason been that I am horrible at gaming stuff and end up losing all the time, back luck follows me in that area. Lol. But if I didn't have to play and only invest and the investment has good returns, i'll love that. So could you please explain how I can invest in SplinterLands cards? Thanks
There are now several ways to invest in SplinterLands.
1, Buy DEC and speculate that the price will rise.
2, Buy SPT and speculate that the price will rise.
3, Buy cards and speculate that the price will rise.
4, Buy in-demand cards and rent them to other players.
Personally, although I actually do all four, I focus my efforts on the cash-flow play of renting cards to other players.
Thanks a lot @neal.pal, now I understand.
I would honestly spend it on PAL and buy a few miner coins and just let it run, who knows how much your ROI could return as you earn more stake passively
Thanks a lot @chekohler, PAL is must for me these days. The miner thingy is where I am still battling with because I see it as a really long term thingy and still wonder if haven the token is better compared to the miner. You see, I've people having about 2 PAL miner and saying they get like 1 to 3 PAL daily. I have over 2000 PAL staked and I get about that and sometimes more than that daily from my post and curation. Thanks for your comment because it is highly appreciated.
Why Pal @chekohler?
It’s got a lot more active distribution through curation and earning potential in stake is high for caution too since it’s 50/50 if you invest you can supercharge those earnings along with getting extra pal via mining tokens!
PAL currently sits at $0.17 which isn’t a bad value for a month old token and platform!
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If I'd had to invest 300$ right now, I would delegate to @tipu. They have a high profitability and there's also the new tipu token, which gives you a further boost.
$300 worth of Steem is about 769 which is about $0.02 worth in upvote. Do you think that much can really make a great impact in ROI compared to other options? I would really love to know and thanks the info.
I know, you're right. It's not too much, but the steem will grow slow but steady, especially being long term. What are the other options anyway? I still think that powering up or delegating will bring you the most ROI. Please correct me if I'm wrong, I'd love to learn about some other options.
Yeah I know, you're right, I was just wondering if to diversify your portfolio isn't better. Cheers.
I didn't have a lot of liquid Steem so I moved some Dogecoin into PAL and purchased a PALMM miner. But don't take my advise, I moved some Litecoin into Steem at a point where perhaps that wasn't the wisest choice in hindsight. Who knows, hopefully it will all work out.
I understand well my friend, thanks for you comment.
I'd buy 50$ each in DEC, PAL, and the new roadtoriches token and then maybe 20$ in a few interesting tokens that you like (beer, weedcash, etc). Whatever is left just boring old power up and delegate for SBD.
That is really a diverse portfolio, thanks for your comment, I appreciate it @mastersa.
I would definitely put 1/3 towards Steem and power it up. My thinking is it will allow you to increase the value of your vote, but it also opens the door of possibility for acquiring new token when they are released. Palnet allowed us to claim tokens for free based on SP and a few other factors. If other new tokens take this approach you may end up getting a few gems, as we did with PAL!
The next 1/3 ($100) I would invest buy 1 PALMM the rest I would buy PAL. I like the idea of the mining tokens, it allows you to earn in a different way. I read @sumatranate's post about his earning early this month about his earning from owning 1 staked PALMM.
The final third I would split among other tokens you like.
Thanks a lot my dear @emergehealthier, great plans indeed.
I think I can understand if one doesn't have much staked PAL, getting a miner is wiser. For me within 24 hour i've earned about 9.2 PAL from curation and authors reward. I keep staking them as they come, I still continue to buy bit by bit when the price drops too.
I read @sumatranate's post, I think he has a good one going, I'ld have loved to know what he is earning currently daily as I assume and that increasing number of miners bought reduces the number of PAL individuals get. His post was 15 days ago, a current earning status would be great.
Thanks again.
I'm committed to increasing my stake. My goal this week is to have at least 1000 PAL staked.
I certainly will not use that word, will not say "we should" or "you should". I do not give financial advice. All I can tell is - what I do.
And I put ( last 2 weeks) every single available Steem into PAL. Every small reward on steemit, every day.
I also sold a bunch of shitcoins, and all went into PAL
And yet I still thinking about selling more, maybe 0.5-1 BTC and put all into PAL. Juts have to wait a little now, as BTC went into crazy run last night. It would be not very smart to sell BTC before it gets somewhat closer to ATH. And I have no doubt that day will come before to long.
That's is what I do. Anyone in doubt - can check my steem/pal wallets on internet = it is all public
And I do quite a bit of manual curations last few weeks. You probably know - WHY
Thanks a lot @onealfa for your comment, it is appreciated.
yeah, I noticed each time I checked the PAL richlist you kept growing and growing. I have been buying too but as the resources come.
Lol, yes i know why, I even wrote about it last week. 50/50.
I see you are quite active too. Congratulations
Hi @ketcom, I'm sitting here with some of my most respected Steem friends at the #blockparty in Colorado Springs, Colorago. This awesome event, organized by @enginewitty and @thealliance, has taught me many things, and given me the opportunity to learn from the masters!
So I posed this question to the group. If you were just getting going and had $300 to invest in Steem, what would you do with it? And the answer was completely consistent: Invest all of it in Steem and power up.
But then, how you work with your SP is the next question. And the answer is: it depends. For example, if you are going to join communities, post daily, and get involved in projects like Actifit, that is one thing. If you are just going to try to let your SP work for you, then you would make other choices.
For example, if you are going to be involved in Actifit, then it makes sense to delegate to Actifit, as you will get more rewards for your investment.
If you are not going to be posting and getting involved in communities, then you want to find great projects to delegate to. There are many options, and the exploration of this topic deserves a full, well-written post. But a few of the most awesome things to investigate right now, because they support everyone involved, are @tipu and @steembasicincome.
Good luck to your friend!
Thanks a lot @jayna for tabling in the wise court of your group. Mighty contribution from them and it is a great idea. I've already introduced him to @actifit Dapp so it will be easy for him to act on it. Cheers.