On Chain Investment Strategies & What I Found From Using Upvote Bots

I have done some research regarding SP leasing and found that this method of investing using SP is as advantageous, if not more, than posting quality content (at least in terms of payouts). As a new user, support with a limited number of followers is slim to none, and that’s why I utilized tipu and steembottracker services on my first few posts in order gain some visibility on the platform. I found that this wasn’t advantageous either, as I sent roughly 35 STEEM to upvote service bots, only to receive 15 STEEM and 15 SP in reward payouts (5 STEEM less than originally invested).

Why would I pay more than what I would receive in payouts? This just doesn’t make sense to me, as I would be wasting hard earned and invested money just to gain visibility, which really didn’t amount for anything either since I still only have a measly 12 followers. I have found the same tactics that @spinvest is utilizing is the right way to utilize my STEEM that is powered up to SP. By leasing SP, you are essentially allowing it to work for you and gain passive income on a daily basis for the duration of the lease. Currently, I am delegating to two separate accounts and receiving just over 1.7 STEEM per day from these leases. As I continue to grow my stake, I will be able to fill larger lease requests and earn more passive income by filling greater SP lease amounts. There is no work required and the (money) is transferred over by minnowbooster on a daily basis. 1.7 STEEM may not seem like a lot, but (1.7 STEEM) x (the duration of a lease request) amounts to something. For instance, one of my current lease requests pays out a daily dividend of 1.05 STEEM for 56 days, which, if we do the math, equates to 58.8 STEEM.

At current prices, 58.8 STEEM is worth roughly $10 (my native currency), but if STEEM were to rise to $0.50, then this would be worth nearly $30. Or better yet, if STEEM were to reach it’s all-time-high again, this would be more than $500 simply by delegating SP. What a great way to build a solid stake and foundation on the STEEM(IT) platform. I would have never learned about this if I hadn't invested in SPI tokens.

If you are looking for a solid and safe investment, then you should definitely check out @spinvest's page and take a look for yourself. If you are like me, and want to continue earning SP, then this investment may also be right for you. Employing the same tactics as SPinvest has already allowed me to passively earn nearly 7 STEEM in just the matter of a few days time. I am definitely not in a hurry either, so I will just keep filling lease requests once current leases expire and repeat the process over and over again earning passive STEEM. As the price of STEEM is so low, I have nothing to worry as it pertains to powering down. I don't see this happening anytime soon given the current state of the altcoin bear market we have been experiencing for some time now.

Disclaimer: None of the information included in this article should be derived as financial advice. Invest at your own risk and do no invest more than you are willing to lose. Investing in cryptocurrency is extremely volatile and a significant amount of loss may be involved.