Crypto Digest: Don't Leave Me Hanging on the End of a Yo-Yo
There comes a time in the life of every publication when a difficult decision has to be made. In this case, I'm contemplating the end of the Crypto Digest.
When I joined Steemit in March this year, my vision was to publish a digest every day that my client Blockchain Times published one. At the time, it was every day Monday through Friday. Not long after, we reduced publication to two days a week. Starting next week, we are moving to a three-day-per-week schedule. (That actually started this week, but due to Labor Day, we only published Wednesday and Friday this week.)
What I've discovered is that my cryptocurrency posts don't generally garner the same level of interest as my literary scratchings. As I began to get more involved in literary communities on #Steemit, I pulled back on crypto and began posting only on Fridays. I had reduced to just two days a week when my client's schedule changed.
Image from Pixabay.
As previously stated, my earnings from non-cryptocurrency posts is much higher than my earnings from the Crypto Digests. Here are the proofs:
- Comedy Open Mic Round #29 has earned 2.10 STU in 23 hours. About 90% of that was in the first hour.
- My Ground, Air, and Water Adventures With Nathen has earned 2.17 STU in three days, most of which was earned in the first couple of hours.
- How to Kill Writer's Block Once and For All has earned 4.75 STU in four days.
All of these posts have earned these rewards with no assistance from bidbots. By contrast, last week's Crypto Digest earned, past payout, 7.88 STU, but most of that was from investing 5 STEEM in the Buildawhale bidbot. My payout was $5.85, which means the post earned less than 1 STU in seven days.
I hope you can see my dilemma.
As I see it, I have three options. I can continue to post the digest on Fridays as I have been doing for a few weeks now in hopes that my earnings increase. A second option is to end the digest and post other things on Fridays. The third option is to take in at least one sponsor and increase my rewards that way. My inclination is Option #2. However, if some generous donor steps forward to sponsor the Crypto Digest, considering it is worth my while, I'll continue posting them.
Now, of course, I don't expect something for nothing, so I'm willing to mention any account that sponsors the digests. The sponsor will get a text link back to their Steemit blog and an @ mention along with a banner ad, if they so wish. These will be non-obtrusive as I don't want to drive readers away from the blog, but a sponsor deserves to be mentioned.
If you have any interest in this, leave a comment on this post or you can reach me on Discord at blockurator#7537.
This is not an ultimatum, it's just good business sense. As much as I like writing these digests, I still see Steemit as an investment and want to treat it with the respect that it deserves. I hope you understand.
Now, without further ado, here's this week's Crypto Digest.
Crypto News
This week could be called Yo-Yo Week. Markets went up. Markets came down. Which is nothing unusual, except that they went up really fast and then came down really fast, and everyone's talking.
Take #Litecoin for instance. Today, LTC tumbled 21.25%. On Wednesday, everyone was talking bout Litecoin hitting a one-month high of $70.
But it's not just Litecoin either. Two days ago, Bitcoin rallied 5%, driving the market up to $240 billion. Actually, the rally was over the weekend, but by Wednesday, everyone was talking about it as if the town hoe got a job. Then, in two days, the entire crypto market fell in a fricking ditch and lost 20% of its weight. Thanks Richard Simmons!
But you know who's not losing weight? Coinbase. In fact, he's expanding globally, and it looks like he's about to enter Ireland.
Poor Ireland. What a sloppy mess.
It's all well and good. At least Coinbase won't have far to go to issue new trading pairs for the British Pound. And back in the states, Coinbase solicited #BlackRock for assistance in exploring a possible crypto ETF. Because who doesn't like getting kicked in the balls by the SEC?
Goldman Sachs pulled out on its plans to open a bitcoin trading desk. Could be why the markets tanked this week.
#Binance is giving away 1 million TRX tokens while accusations fly about potential wash trading at #Bithumb. And the Aussie Stock Exchange postponed the rollout of its blockchain settlement system even as Google adds #Ethereum's dataset to its big data analytics platform.
That's a lot going on. And it doesn't matter who got high.
Crypto Analysis
We already know the markets are finicky. And this week proved it. Both #Ether and #Cardano are at their 1-year low. In fact, Ether dipped more than bitcoin and the fanboys are pretty pissed off about it. They're thinking about going emo.
Image from Pixabay.
That's still not as bad as Venezuela's oil-backed crypto Petro, which nobody is using. Can you really blame them? You don't beat a shit currency with a shitcoin. That's a load of crap.
But there's a ghost town in Canada that finally got some bitcoin. An Alibabab Group, certainly no ghost, filed 10% of the worldwide blockchain patents last year.
If you're dying to know how #Ripple, Ethereum, and Litecoin were doing before the big ditch dive this week, Nasdaq is all over it. But if you want to know something depressing, let CNBC tell you how much you lost if you invested at the top of the #crypto bubble. Why in the hell did you even do that?!
One of the best reads of the week is this little gem about the top #cryptocurrencies in 2013 versus now. There seems to be a rotation of #altcoins.
You know me. I don't take bribes or handouts to mention companies. I try to maintain my objectivity and impartiality by just not giving a shitcoin.
#crypto-news #crypto-analysis #blockchaintimes
Get your weird lit on:
| Limerents in the Bog | Garden of Eden | Sulfurings | Deluge |
| | | | |
| At Amazon | At Amazon | At Amazon | At Amazon |
Review Me, Please
While you're here, check out the backside 5 (my five latest posts):
- Comedy Open Mic Round #29: Enter The Man Cave But Don't Enter the Man
- Farmpunk Fiction Contest #2 Winner
- My Ground, Air, and Water Adventures With Nathen
- How to Kill Writer's Block Once and For All
- Don't Look Now, But That Yahoo Done Went Crypto
created and used by veterans
with permission from @guiltyparties
And here we are.
During dump, XRP and XLM green among red.
"It was fake news." says Goldman Sachs; and then virtually everyone in the green again.
Al always, solid post.
Namaste, my friend.
JaiChai
I totally agree with you. Initially when i joined steemit, i love making cryptocurrency post, but i don't make much on them compared to when i write about health post. So i switched niche😊
Your post had been curated by the @buildawhale team and mentioned here:
https://steemit.com/curation/@buildawhale/buildawhale-curation-digest-09-12-18
Keep up the good work and original content, everyone appreciates it!
Thanks for the informations.
You're welcome.
@blockurator upvoted this post via @poetsunit
Poetsunited - DISCORD - @poetsunited - witness upvote
I like this so I hope you can keep doing but my little vote can't do much about the issue of a low earning.
Thanks. I do have a small audience that likes these posts, but I have an even larger audience that likes my literary posts. And the literary posts sometimes get upvoted by whales and dolphins, or get picked up by one of the popular curation trails. Those things never happen to these crypto news pieces.
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Do not miss the last post from @steemitboard:
As better said diversify your portfolio.....keep everything around with each day something special. Crypto, litrature, writing fiction......😉
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Thanks for weighing in @steemflow. I keep my portfolio plenty diversified. Wall Street wizards move their pawns around from day to day and stay diversified. When metals are up and real estate is down, they shift things around. Maybe they sell some metals and buy some real estate. Then, when real estate is up and metals are down, they do the reverse. If I know I can earn more by posting a fiction piece, which I enjoy writing more and most of my readers enjoy reading more, then I might as well do that.
I appreciate the comment, though. Thanks for your input.
Hahaha....you just brief me about entire stock market 👍 ....ever for few days i too wondering which way the waves are blowing...nothing with my post i was looking at overall. ...i find 3- topic which people really like...blockchai, photography, story( fiction)....anyone having master on these have wings to fly...though downtime and crypto going low again nothing can be said
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@blocurator. The bear market has a lot to do with the decline in your post payouts . Blockfolio has now moved from my first page to my second page on my iPhone. I am definitely reading more articles because the market is now flooded with everyone giving their two cents. Clicking on lists to see who is knowledgable from the not so is a strain so I avoid them completely because I believe in my mind . No one has a clue what’s going on. I don’t believe in TA in crypto unless the markets are ranging because it seems to me any morsel of bad news from whatever country is sending them plummeting . The first time I read a review of last week was your one just there and I actually quite like it . “The eth fan boys won’t be happy “ 😂😂😂. Brilliant. Crypto needs some knowledgable reviewers. Keep it going. Then when the bull hits all the newbies would have giving up posting their two cents.
I'm not talking about the bear market. I'm comparing post rewards. No matter the price of STEEM from one day to the next, my crypto digests are always going to earn less than my fiction. It's been tested from the day I joined Steemit.
There could be several reasons for this:
Thanks for weighing in.
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