Why I Am Powering Down: School, And HF19

in #steemit7 years ago

In case you guys missed it, I am in the process of preparing for school at Code Fellows.

Steem Power

This is something I've struggled with a lot over the last few days.

My Steemit earnings are very precious to me. I feel as though I've gotten in on the ground floor with Steemit, and hodling a hoard of Steem Power is very nice.

I believe this platform will be the basis of a new and experimental user-generated-token economy, and the Steem currency will increase in value substantially in the next few years (in my opinion).

However, this doesn't change the facts of my current circumstance.

Code Fellows

Yesterday I took my entrance exam for the Code Fellows 201 course, which teaches the front-end-stack (HTML, CSS, JavaScript).

So YAAAAAAY! to that :D

But, as with most good things, there is a catch, which in this case is: I HAVE TO PAY FOR THE DAMN THING.

The big problem here is simply that I'm poor, lol. I just don't have the money to do this.

As it stands, I've been able to get some financial assistance through Code Fellows financing partners, but it's not even close to enough to allow me to live in Seattle for two months.

Powering Down

So, I'm going to have to tap into my Steem Power, at least for a little while, in order to support myself and my family as I transition through this education into a better career.

This is sad, as I know that I have already lost my dolphin status, which I only just recently acquired, but what other choice do I have?

I have to do this.

If my Steemit channel were as it was a month and a half ago, this would be different.

Back then I was making over $100 per day, and my payouts were netting more than than per day. It was a great time, and my feelings of positivity for Steemit were at an all-time-high.

HardFork19

When HF19 hit, there was an initial wave of enthusiasm and exuberance.

It was fantastic. People suddenly had a huge amount of power compared to the day before, and all of my posts went from being worth a decent amount to having several dozen pending posts that were over $100 in value.

Then, as voting power was quickly drained, within a few days people stopped voting, or voted with a far smaller percentage than they had previously.

Then the big crypto dip happened, and Steem and SBD shot down with all the other cryptos, so even if you did get a good post going, you had the pleasure of watching it peak and then slowly decrease in value.

I think that this was a case of unfortunate timing, and I think it hit Steemit pretty hard.

At least it hit me pretty hard.

And now that the price of Steem is heading back up, I kind of have to take the opportunity to take some gains for the sake of my family and my future career in coding.

What could change this?

Well, quite simply, if Steemit was even close to as lucrative for me as it was a month ago, I would not power down, and in fact would continue to post like a daemon for the next two weeks before school starts.

The simple fact is I need money, and Steemit is my greatest investment and savings, so I have to skim off of it until I'm in a place to recoup expenses.

Once this is all over, and I have a well-paying job, I will likely buy up all the Steem I've spent and then some, but it won't be the first thing on my list (as debtors tend to be more of a pressing concern than my friends here, unfortunately).

I hope this helps to clear up my recent absence and wallet activity.

Love you guys!!!

Follow me @shayne

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Hi Shane,

I was sorry to read this as I enjoy your sense of humor and many of your posts.

However, I want to say, we should also make the best decision for ourselves when life can give you a better "fork" you should take it. My impression is that you have carefully considered your options and you are making the best choice for you based on your current situation, age, financial status, etc.

Enjoy your classes and best of luck!

PS. I am also wondering if the having this much SP locked up is the most valuable place to keep this asset. I can't say for sure if HF19 had a lot to do with it, but if it is all about speculation I can hold it on Bittrex in a liquid form.

Powering up doesn't seem like a great value right now. Personally, I am going to ride it out for a bit, but I fully understand the question.

Again Best of luck to you.

Thanks so much for your support! This is the main reason I come to Steemit :D

i understand the independent optimist all your points are valid...You don't owe anyone anything just keep doing whatever you think best for you!
I am into coding too...don't know why having hard times learning Javascript...But I am giving all my efforts to overcome those difficulties :) :)

You've managed to get a nice little stake of Steem at a unique time.

Every Steem you hold now could be worth 10 to 100 times more in the near to medium term.

You can have the immediate gratification of now, or the delayed gratification of an investment coming to full fruition. Buying back what you sell now won't be nearly as easy as you think.

Good luck with your endeavor sir.

Trust me, I've lamented over this already. This isn't an easy thing for me to do.

Voted and followed 😉

Good luck on your coding journey.

Hi Shayne, you have my minnow upvote hoping that helps in some way. Much thanks for you great content. -
Dev

Followers, rep, and your real social connections here are likely worth more than your staked coins.

"Value" is an interesting concept, to be sure.

GOOD LUCK BUDDY! I support you!

Thanks a lot Moon Man :D
!!!

There are two ways to look at this:

  1. That you are strong and have lots of Steem Power, and that powering down is a sign of becoming weak.
  2. You have built up enough Steem Power over a period of time, and have made enough to enable you to draw it out and improve your real-life opportunities and care for your family, without having to spend your 'living" money to do so.

I see this as an inspiring realization that your hard work on Steemit has gotten you something real and tangible, which will improve the life of your whole family.

This isn't a game, and it isn't Monopoly money. This is the real deal!! You have chosen to invest your returns from Steemit in something awesome!!

You have a strong and loyal support base, and a good reputation. Keep posting good content and you'll be back up where you left off in no time.

Congratulations, and good luck!!

I appreciate you putting this into such perspective. In fact, it reminds me of a post on Facebook about the 20,000 BTC pizza that has a ton of comments. People were saying the guy was an idiot for selling 20,000 BTC for pizzas, but it was that purchase that set the price of BTC so that it could increase in value like it has.

What my powering down is doing is saying that my Steemit holdings are worth an education that can give me a career that will make me real wealth and support my family. That's way better than pizzas, if you ask me.

Thanks a lot for your comment. I think I'll make a post about this, in fact.

I'm glad you see it that way. Steemit is a vehicle to help get you somewhere in life, it isn't the destination. If you can afford to stack up your Steem store then that's great. But if it gets you somewhere in life that you otherwise couldn't reach, then use it!!

At the end you can say you reached your goal on your own Steem!!!

Good luck, I look forward to following your progres.

That's a shame, @shayne, you have been one of my favourite discoveries on Steemit.

Just one query, why would you pay for school on a topic that's so well covered online? You could easily learn everything you need to know for front-end interfaces doing tutorials and online study. Hell, the source code of every website ever made is accessible with a right-click!

Unless there's some particular piece of paper you're chasing (I got one and nobody ever asked to see it), what's the point in paying for school?

The reputation of this particular program is very high. It is only 5 months for the full stack (Html, CSS, JS, Java, Python, Swift). The program is full-time and immersive, meaning you are put under pressure to produce results, which simulates real working environments -- and that's why employers like it. The success rate of job acquisition from Code Fellows is 90% with an average salary of $70k. I really appreciate the free programs and will be sure to learn as much as I can from them while I'm looking for work after this program, but what I need is the best chance for the fastest results with the best payout for the hardest work... yeah, lol

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