STEEMIT ULTIMATUM: Buy your Whale Status...or...just Be a Minnow!!!!!!!
First and foremost, the statement in the title is NOT MY OPINION... It is an uneasy feeling I got after doing my latest research. Many of us use the terms whale and dolphin. But WHAT SPECIFICALLY ARE THEY? It was so hard to find consistent answers out there, but I found some common perspectives and if I get it severely wrong, please correct me and correct me quickly :) We will discuss that later.
From there I have done some mathematics and contemplated some scenarios possible realities where how long CERTAIN SITUATIONS will transform a minnow into a whale, and HOW LONG THAT MAY TAKE. And the title of this article is just one of the possibilities. I feared that it is a likely one, but there are other possibilities. I invite you to read on and see for yourself.
Here's the thing... There are so many conversations on here about minnows, dolphins, and whales. We are all here for our own reasons. Some to read the quality content here on steemit. I believe there are more good articles here than most places because of the format of this platform. Some are here to write and connect with others. While others are here to market their websites and products from elsewhere on the internet. But there is an underlying reason regardless...
And in the front of most people here and even more people with this on the back of our minds. We look forward to a day where we will become one of the legendary Steem Whales and live a life of affluence online and offline.
Many people want to be a STEEM WHALE.
Yesterday and last night I had the time of my life creating two articles that was quite a breakthrough for a minnow like me.
and
https://steemit.com/steemit/@yoda1917/re-if-steemit-is-to-survive-and-thrive-it-needs-to-get-fairer
Oh a whale visited both of these threads as one single upvote up the reward of both posts by about $10. And I don't think he or she made a comment and I have no idea how to find this person. I would really like a conversation with this whale. Anyone got any ideas?
And they really soured, yeah sure they are not dolphin or whale calibre, but they really got the upvotes and a huge conversation which I worked really hard at, and they each made more than a few cents. One of them even ended up on the trending page for facebook. I was stoked and was feeling a little bit like this ;)
I steemed late into the night answering over 100 messages and enjoyed a lot of conversation with a lot of great people and learned a lot. Then collapsed in bed to wake up four and a half hours later and... you guessed it checked my steem lol. Aside from finding a lot more replied to answer I was sent an article by
https://steemit.com/steemit/@gigafart/why-minnows-don-t-buy-steem by @gigafart
This had me in a daze and tunnel visioned until at least noon as I could get my mind off it.
What is the target here?
Everyone has their own. But I will state one that is possibly not my own. Frankly I don't know yet. And I will make a few assumptions that goes along with this GOAL...
- Become a whale
- Be able to generate an income that is consistent and enough to live on comfortably
- Be able to be free from having a job
So what actually is a DOLPHIN and a WHALE?
So after a lot of conversations, research, and some mathematics, I came up with a few alternative conclusions for people to choose from. Here is the one I went with, and again if you know I am wrong and you are sure, please correct me and correct me quickly. @timcliff provided me with an answer that seems to be most consistent with others.
WHALE
Someone with 100MV or about 50,000 Steem Power or above. Their upvotes are worth about $10 or more. So every time they upvote someone or their own work and their own comments it's like printing money. And many in the community observe their every move, and every move they make affects the community. They are the gentle GIANTS of the steem ocean.
DOLPHIN
Someone with 10MV or about 5000 Steem Power. There are a lot more of these and their upvotes generate about $1-2.
Now let's talk about achieving a status which breaches the lower limits of whaleship
There are a few ways:
- Buy Steempower. At the current market rate it would be about $85000 US. Of course STEEM value may go down a little
further. And also one can buy into a place somewhere between a dolphin and a whale. Well that rules a lot of us out.
Certainly for me anyway.
- Market goes up dramatically. Some of us may have substantial steempower at present and if it goes up it may reach
whaleship or get you a lot closer. That not true in my case. But a combination of the first scenario and this one and the
ones after this one can be a possibility. @quantumanomaly was telling me earlier today that some of his friends who suck
with it from the beginning became instant dolphins when the market went up to steem hit a value of $2.50.
- Being favoured by one or more whales and them granting a lot of upvotes or direct donations of steem. This one is less
likely. And if anyone has a story of this every happening, please please share :)
- Achieving this through sheer hard work writing and faithfully applying the concept of CANI Constant And Never ending Improvement.
- Don't worry being a whale. Just be content and use this platform as you would reddit or facebook. Plenty of people do that
and there is nothing wrong with it.
I'd live to revisit strategy 4 as there is a lot to be said about that. And there is a huge variable there, which is what our earning power is. Now I am going to give a few sub scenarios here. And of course each of these can grow or shrink. I did some maths and I am doing a very rough estimate of how long it might take to get to minimal whaleship starting from scratch. Also bear in mind the market value of steem will accelerate this or vice versa. And also the more one is earning, the faster it will be as one's steem power will be stronger. Lastly who knows what the next hard fork will do. There is a lot of anticipation that the platform will become more fair and friendly for the majority and it may become more favorable than this forecast. So treat this as though it is for entertainment purposes only ;)
Now let's assume that all steem is reinvested into steem power, and we are talking in steem dollars:
$20 a week
This is a humble figure that most of us can achieve after HF19 before too long as long as we are willing to learn and stay rigorous.
At $20 a week
$80 a month
$960 a year
It will take 52 years if this was the earning rate and it did not change. But of course growth is exponential ;) ANd that would be just a start.
$50 a week
$50 a week
$200 a month
$2400 a year
It will take about 21 years....
$100 a week
$100 a week
$400 a month
$4800 a year
About 10 years
$200 a week
$200 a week
$800 a month
$9600 a year
About 5 years
By now it may not take that long as steem power would have grown and it may not take as long. But lets carry on with the linear concept but take bigger steps and see what happens...
$500 a week
$500 a week
$2000 a month
$24000 a month
A couple of years...
Anything beyond that you are pretty much there or almost there. I think you get the picture. And as I said before we obviously grow from one scenario to the next. And I would look at where I am on there and find out how to improve myself to get to the next level. And again many factors like market price and hard forks can change this and most likely make it better.
And of course a combination of these strategies can be used. Like investing in some steem can make it faster.
So what do you think?
I am curious to hear from you and get your opinions.
Please please please resteem this so countless minnows can see this and even more so I would really love a whale to come and give us some insights. And my effort has earned it, offer me a little upvote and a follow. I wholeheartedly hope that this has added some entertainment or value and I look forward to see as many of you as possible in the comments section. I work hard to answer all replies and in past posts I have met some wonderful people and some of them have taught me so much. Friends from @minnowsupport and @minnowtowhale please chime in and say hi :)
Live with Passion, Stay Safe and
May the Steem be With You
Nice article, I was wondering what the difference was between the classifications. I will say that some of your numbers are a little low. As someone that has around 3,500 steem power, my votes can be around 3.50 when on full power. And buying steem doesn't really help in the long run. The real measure is followers. Once you get to 1k or more followers, the upvotes will come.
Upvoted... see that's what I want to see. Hard facts. About your votes...vs your steem power. And about when upvotes come etc.... that is solid. The classification research was a pain in the ass as it was very hard to find answers. These are the things not any people want to talk about. You are a legend :)
Can you please resteem this as it has died in responses and views.... that would be awesome:)
Btw.... do you consider yourself a Dolphin according to the numbers?
Nope! I think the real measure is followers not steem
I am slowly learning that that is the truth I got myself nearly 200 followers in the last 3 days. Then it slowed down. I guess each niche is finite and I have to strategise in another niche. Do you agree with that thinking?
I say go with the niche/topics that interest you the most instead of looking for topics that are popular. Otherwise it's not sustainable.
True, and a balance of interest and productivity. As I am interested in that too ;)
Then again, who am I to give you advice? I'm the same level as you!
This post received a 4.3% upvote from @randowhale thanks to @financialcritic! For more information, click here!
May I also ask why do you say that upvotes will come when my steem power is of a certain value..... do readers sometimes check before they upvote....
Excuse the many questions I am learning as fast as I can :)
I didn't say that. Value is in followers not steem.
Oh sorry you mean't 1000 followers. I see that in other peoples profiles. Some constantly put out very average and short content and still manage to make a decent buck out of each post.
An interesting post. I for one, have given up even trying to understand how steemit works. I just use it anyway, as it's decentralised. I don't use facebook or other social media, so here I am. The obsession with money will never end until maybe someone in power wakes up to the thought that it's no longer needed. But I am not here for the money, as it would appear I would have to be posting here full time, day in day out, just to make ends meet, and that starts to feel like a job .. god forbid !!!
That would not be ideal.... My love of writing draws me here and being able to gain reward just makes it more alluring lol.. Glad you liked it. Hope you resteem this for me so it reaches more people. It is sinking fast :)
Good post.
Some good points however everyone should be concentrating on good content. Youcan do well without being a whale. Focus on your posts and the rest will follow. Hopefully @tremendospercy
This post received a 0.6% upvote from @randowhale thanks to @yoda1917! For more information, click here!
It's not just steem power that increases over time, it's followers. If you're making $100/ week, you should also be making 30 followers.
Thats 1500 by the end of the first year.
Suddenly you're making $100/post instead of $100/week.
This post is confusing me.... it is quiet.... I wonder if I pissed the whales off lol
Can u resteem this for me?
But I disagree with your premise.
Lol I had a few quiet posts myself, don't panic, happens to all of us. Be patient and good things will come.
But, if you have follower with greater vote power, then you don't need as many followers. Which means all of your followers need to have greater reputation and vote power than you and only limit their votes to a few, but then that prevents other people from getting higher reputation and vote power, because only a few votes are being put out.
Catch 22
First, I really liked your facebook post (upvoted/resteemed/followed). Second, you joined the @minnowsupport project, so yes a couple of whales upvoted you, that's the beauty of the project. Third, you can find who and how much upvotes someone did for you at http://steemvp.com.
Really ? I'm on it .
Please resteem for me bro:)
Another good post keep to the good and hard work.
Hard work always pays off :-)
Appreciate that. Please give us a comment when you have a moment and please please resteem this for me :)
Unreal how this only has 2 dollars....omg.
i was just asking people on discard if this had been flagged. Can you resteem this for me so someone might see it?
Great read, I found this to be very informative esp. when defining whales, minnows, and dolphins as well as the differences in effects between the 3 :) Upvoted
Thank you. It did take some research. It most importantly we all learn together.
May I get you to resteem this ? I think it has sunk to nothing a while ago :)
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