Why I haven't been posting lately???
As some of you might have noticed, I haven't been posting for some days now. While I try to do a new and interesting post every two or three days, these last few days I've been a little more busy, but another big factor is the low Return of Investment (ROI) when using Steem Bots.
I don't have many subscribers and I don't get a lot of views, so my only chance is investing in bots. I try to invest in a smart way, carefully, but lately, with the constant drop in value of the STEEM and SDB, past payouts simply are not enough. Doing the math, from the value of an article, you have to take about 25% for curators. The rest is split 50/50 between SBD and Steem Power. But what allows me to keep investing/using bots, is purely the SBD. If I keep investing a certain amount of SBD and the SBD that I get in a payout is inferior, then I consider the ROI negative, because in the long run I'll run out of SBD to invest in my articles. Makes sense right?
Let's face it, we are all here not only for the content but also for the cryptocurrency. While I do have my voting power delegated to two bots, the amount of SBD I get is minimal. When the market value of SBD drops, the payout from an article drops too, and right now STEEM and SBD are simply too low. So I'm kinda saving myself for when their market value rises a bit.
So, If by any chance you are a regular reader and follow me, to you I apologize for my lack of posting, but I've been a little more busy than usual and SBD investments in bots, for me, are not a smart option right now. The content will keep coming, but at a slower pace. But I believe that eventually STEEM and SBD market value will increase and when that happens I'll feel more compelled to post more frequently. Until my next post... Cheers! ^^
I understand your frustration @madviking but don’t lose sight of the long view. I am here, and I hope you are too, because I believe in the platform, not to just cash out in the short term. If this is isn’t the case, you and make more with your time in other ways. Believing in @steem for the long term means investing time and money to build a following and steem power of which the value of both goes up as the platform becomes more valuable. Stay strong!
Thank you for the support. I'm here to stay, but in my case, investing right now isn't "lucrative" for the reasons presented above. I won't go away and I'll keep posting. Just not as regularly for now (also because of current time constraints). It's just a temporary slowdown... It just sucks investing great amounts of time and effort and see the SBD go down to a point where you have to invest less each time in each article, because you simply don't have enough SBD anymore. Payout is currently reduced to less than half, and now I have more than 4 times the followers and more than twice the Steem Power than I did before. Feels like going backwards... I'm confident that eventually things will get better, but until then I'm only loosing my investment... Plus, seeing people investing in a bot to a point that neither them or anyone have a chance to even break even, because the total amount invested is bigger then the voting amount of the bot is just nuts... not good... not smart... -.-
I hear ya. I've been thinking lately that now is a good time for a new strategy! :)
Agreed. Mine is waiting it out. :p
Resteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch
Thanks. ^^
It happens to a lot of us. I started here 8 months ago and was posting every day for the first 2 months then had to work 60 hour weeks for a few months so that put an end to that. I usually do a few posts per week but struggle to find the time.
My problem is I usually get pretty good payouts on my posts so I feel like I'm throwing away money the days I don't post.
But yeah the decreasing steem price sucks. Last time this happened it lasted about 16-18 weeks and was mainly due to the 13 week power down period from when people took profits when steem spiked in the spring and summer last year.
It all goes in cycles. There will be better days. I can't say when, but it'll happen. Don't feel guilty if you need a break. We all do sometimes.
Thanks man. I really appreciate your words. Feels good to know that out there, somewhere, there's people going through the same and that they do understand me. It also feels good to know that this is normal and I'm reacting normal. Now, I just have to wait...