My Steem Journal November 2019 - 2 Years On Steem and Dec 2019 SPUD

in spud •  10 months ago  (edited)

Happy Holidays we are on the home stretch to Christmas and American Thanksgiving weekend is almost over.

I just remembered, yesterday was my 2nd year anniversary on Steem. Wow. I've come along way.

Today is #SPUD. I've lost track of which SPUD number it is so I just call it #Dec2019SPUD.

I powered up over 1000 Steem today for SPUD! I now have 16,396SP making my account almost in the top 1000 (next milestone).

It is the day when I like to review my previous Steem activities during November and try to make a December plan or look at what's happening with Steem.

December Countdown.jpg
My wife made a lovely wreath and we lit the first candle today. We will light a candle every weekend until Christmas. I also have a Christmas calendar. I open the numbered door and eat a Chocolate every day until Christmas, but I'm too embarrassed to take a photo of this.

December 2019 SPUD

I mentioned in my last month's Steem Journal that I've stopped counting spud. I'm going to upvote accounts tagging using my SPUD system which is #DEC2019SPUD. Basically, you just take the first 3 letters of the month. Also, you can count all powerups during the previous month except the first (ex: 2nd NOV ~ 1st DEC). I don't care if people don't like my system. This is how I will do it.

Today, I powered up 1006 Steem to celebrate SPUD. It was all the Steem in my wallet and 900 Steem I bought on Binance. It wasn't the only time I powered up. I powered up 8 times for a total of 1225 Steem. I don't really like waiting until the end of the month as it doesn't make sense. The whole point of SPUD is to discuss powering up and to do it if you haven't recently. Waiting all month for SPUD doesn't really make sense. As mentioned above, I just use it for the cutoff day.

November Powerups.JPG
I powered up Steem quite a few times during November 2019

I was actually planning to buy more Steem a few days earlier, but the Korean exchanges are really paranoid. Upbit got hacked last week and the exchange I use is really careful.

Buying Steem

Buying Steem is ideal right now if you think the price will increase. The price is hovering around 10 to 15 cents.

Based on the current price (11.7 cents) becoming a dolphin costs $585 or maybe an even 600 after all the dumb exchange fees and commissions.

In my case, I have to wait 3 days for Korean Won (KRW) deposits and 2 days for withdraws of anything except KRW.

My exchange dropped Steem in the summer, so if I want to buy steel with Korean currency, it's really annoying.

  1. Transfer KRW to my exchange (Korbit).
  2. Wait 3 days.
  3. Buy something (I usually buy XRP because it's fast and cheap).
  4. Transfer to Binance.
  5. Wait (up to) 2 days.
  6. Buy something paired with Steem with my XRP (BTC is best)
  7. Buy Steem
  8. Withdraw Steem from Binance to my Steem wallet.

I know if I just bought ETH or BTC I could skip two steps. Transferring XRP costs like 0.2 XRP or less than 10cents. BTC is around 5$ and ETH is around 1.50 to remove from exchanges. But now that I have to wait up to 2 days to remove cryptocurrencies, there is absolutely no point unless I'm buying like $10 worth. It sucks. I cannot time the market because the whole procedure takes at least 5 days.

I could change to UPbit, but they just got hacked. I could change to Bithumb, but they got hacked last year. I don't really like those exchanges anyway. They are dodgy and greedy which is probably why they got hacked. Better safe than sorry. Besides registering to use Korean exchanges is a huge pain in the ass. I may just start using my credit card. However, I'm worried the bank will get annoyed....let's try next time.

November Posts

I posted 21 times during November 2019. 17 have paid out and 4 are pending. I think I did exceptionally well and got really lucky with people curating my posts. In general, I felt at least half my posts were generously rewarded.

A lot of people are getting generously rewarded these days if they put in the effort. This means the quality of content on Steem should steadily increase as people notice they are being rewarded.

I had 2 posts that I felt were under-rewarded. One was just a bad idea to write about (awkward concept). I'm okay with that, lesson learned. The other, I thought it was great. I'm guessing that's just how it goes. I don't double-dip or repost.

I posted a lot about my travels and started posting a ton of pictures. I'm looking at cameras these days and will probably end up buying one sooner or later. I don't want to spend a lot maybe 500$. I just want something that I can switch lenses to start building a collection. I'm still deciding between DSRL and mirrorless. I don't think full-frame is worth it for me. Maybe the next one if I get 2 good years of use and build my skill I'll reward myself with like a 3000$ camera in the future.

November Curation

I think I did great with curation during November. I finally figured out how to do it. I follow trails because I prefer that to auto-voting the same authors over and over. I do vote for some people or projects a lot. However, for the most part, I do it manually.

I've only got 4 accounts on auto-vote.

I'm trailing 2 accounts. Both my trails are individuals who I think vote well. I also keep increasing the authors I won't follow their votes on (myself included).

Curation Efficiency.JPG
My efficiency is above 50%. I think this is really good especially considering I don't self vote, I don't vote trade, I don't buy votes, and I don't vote for crap.

I'm really pleased with my efficiency. I bet I could get my average above 60%, but I'm happy with what it is. 32SP a week is decent. I have 15k SP and my average per 1000 SP per week is above 2 which is what I want. I would struggle with who I vote for to get it much higher and I don't like voting based on what makes me curation rewards, I just tweak things a little.

November Rewards

To be honest, I don't even care how much I earn. I just like improving. Last month I really looked into CSI. I got my CSI under control. It's hovering at 24.2 right now. I voted 432 times and for 215 unique accounts. The previous month, my CSI was much higher, but I was voting at 10% a lot. Now, I'm trying to give out 15~20% votes except on comments or when rewards are already really high, but I feel like still giving my vote.

CSI and 30 days rewards.JPG
My CSI was 24 which I think is good. Above 10 is what I like to see for dolphins or higher.

I earned 111 curation SP and 542 Author SP (I power everything up anyway). That's 653 Steem or worth 77.83 dollars now. If it was daily, that would be awesome. I don't think it's unreasonable to see Steem at 30X higher (it's been there before).

I make more than that $77 a day at work, so I can hardly quit my day job yet. Besides, I don't think Steem should be supporting people unless they are putting in like 6 to 8 hours a day which I'm not.

Other Tokens

I probably made an extra 50SP or so from prizes and selling Scot-Tokens. I've pretty much given up on Scot-tribes for now. It's just not worth focusing on them with SMTs around the corner.

I still keep most of them, but I've powered down quite a few now. Only a few of them have proved to be a good investment relative to Steem. My golden rule of investing is if I wouldn't buy, I should probably sell (this assumes I can afford to buy).

I haven't found any new tribes I like and I haven't seen much improvement. A few tribes updated their webpages, but most have just sunk to oblivion.

The niche category tribes I am watching are stem, Build-it, Leo, and Jahm. The general tribe I'm watching is Neoxian. I'm in a few others, but I'm not really confident that they are doing anything.

Also, I still firmly support BEER token, but it's not a tribe yet. I expect great things. However, I have too much to buy. I also have too much to sell. I don't want to wreck anything.

Totals for November 2019

I think the easiest way to look at my earnings for November 2019 is to take how much SP I had on the first of the previous month and subtract from now. Also, I'll exclude anything that came from Binance-hot since that was purchased or traded.

I started last month with 14757SP and I have 15595 after excluding 900 from Binance. My SP naturally increased by 838. That's a lot in one month. I think it's my best month ever for Steem earnings.

binance.JPG
Binance has been a kind support of me during 2019. I'm done buying this year.

Conclusions

I'm done buying Steem for 2019. I've bought over 10000 Steem total this year which means I haven't earned most of the Steem in my account from rewards.

My goal was to get to 18000 by the end of 2019. I don't think I will make it. However, I may make it into the top 1000 accounts if I'm aggressive. I have 16400 SP which is more than I thought I would have this time last year (I was around 2000 SP). I only need like 400 more Steem assuming the amount to get in the top 1000 (16800) doesn't change too much.

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SPUD is great.

Those who say #newSteem isn't working are mistaken or doing something wrong or highly undesirable like shilling crap or low-effort posting or trying to game a system that no longer wants to be gamed.

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I admire your consistent Spuds! Keep it up and Orca will be yours!

Posted via Steemleo

Thank You, I hope so one day, but it will take quite some more years unless I open my wallet or spend a lot more time here.

Good form on the growth of your account.

With prices this cheap, it's basically a steal to load up more. Think I'm around 21,800 now, prices are a little easy to predict relative to sats so if you know how to trade or how to wait then you can end up with 20k with a well timed purchase (of course, dyor, not financial advice yada yada).

I started following curation trails (c squared, c cubed, curie and travelfeed) at 10-40% and my CSI almost went above 100! Stopped it a bit now as I went down the dlease route just to help things ticking along whilst the going is good there, average ROI atm is on 15% for me but I think by the time those leases run out in a month or so, the market on dlease will not be as profitable as curating so will be returning the SP in to my own account and continue with the curation trails.

Posts are doing a lot better on the whole, averages are up in the $4 range which beats the pre HF 21 payouts exponentially. It makes you put more effort in for sure, even with the shorter posts.

Steem on buddy 💪

Thats really great news about your average posts. I'm noticing the same, too. Although my SP has also went up significantly which helps attract attention.
You follow some fairly large curation accounts. I try to stay away from the ones that are going to instantly put anything they vote for up to 20sbd. Not only will I get very little curation after that, but the authors of those posts already have huge rewards. Some of the smaller projects or individual curators are better to follow.

I also think dlease, et all will continue to be used a lot by people with SP which means less apr for delegations. Ultimately, I think this is good for Steem's price. If the renters do well, more people will rent. 20% was likely too expensive to rent SP. 10~12 seems more reasonable. Remember you still get that SP inflation even if you delegate. I make around 2 steem a week per 1000k sp. This is 10.4%. The best people make 3 steem per 1000sp which is 15%. The only way to beat that is to vote trade or self vote a lot.

Yea I think I will let my current leases run their course and then get the delegations back which will bring my SP up to the high teens or 20k region (I'll still be delegating to the @yourtop3 contest of course as we have big plans for that).

When communities are launched, dlease will be pivotal for RC delegation to new community leaders and developers to get new accounts so by loading up on SP, I believe it's a good strategy for investment.

You'll have to let me know who you follow on curation trails as I'm averaging about 40-45% efficiency which is kinda low. Would be better to get an extra 10% on that. Seeing as I don't vote trade or self vote, I'm looking for ways to improve my SP.

I just checked d-lease and the best lease is 12.5% so it's really getting close to that 10.5% level where decent curation will get you the same amount, nevermind the less tangible benefits. When it used to be 18%, I was more inclined to lease. Also, a lot of the people asking for leases are doing some unsavoury (not awful, just meh) things with the leases.
I do think when RC is needed leases will be important. It will actually be a great way to distribute SMT tokens, I doubt the successful communities will just be giving away a ton of them for free or low-quality posts.
My secret is quite simple, I just look at Asher's list where he states curation by 1000sp then consider anyone who regularly finishes in the top 10, then follow them when my VP is above 95% ~ 97.5% (it allows a good vote and means I will rarely be sitting at 100% which is a waste). I have a few decency rules so I check them on Steem World. I've been tweaking the additional parameters slightly, but if you just blindly follow people in the top 10, getting above 50% is easy.

Yea when I started my long term delegations, the average was 17% so still going strong there but maybe have a couple of weeks left on most of them so by the end of the year, will have about 10k coming back in.

Oh yea, should probably check back on the engagement leagues, I've still been quite high up despite stepping away from a couple of communities. I'll have to check that curation league as parts of it still did baffle me, may just blindly follow the top 10 in that case 😜

I wouldn't blindly follow trails of the top 10. Choose 2 or 3 who have about 25% ~ 150% of your SP. Also, avoid people who vote more than 1000 X a week or less than 100 different accounts as it's a sign of gaming curation too much.

Yes, a great year for you so far. Here is a sip of !BEER for you and my thanks for all the beery support. We will have the BEERbank soon and later on the BEERpong game where we as well burn BEER to support the value of this fun token

Thanks. I look forward to those developments and think beer will be more complete soon. There are a lot of beer drinkers around.

Can't you buy USDT (or DAI/USDC) rather XRP? XRP is still potentially volatile at the worst (or best... depending on your luck!)

Congrats on powering up your account again... since the split to 50/50, I've started hedging a bit on STEEM. I not powering down anymore... but I'm not powering up either.

I can transfer with USDC I believe.
However, my withdraws haven't actually been held for 2 days yet. Ive heard moving out KRW (korean money) beyond a certain amount or USDC specifically triggers a longer period. They reserve the right for any coin, but it's the privacy ones or those that are coming in and out from random sources they are concerned about.

I will use usdc if they change and start holding xrp. I ised to use xlm which is also cheap but I found it has too low volume on Binance.

I am also worried about the tax issue with USDC. It is too easy to quantify.

I think I've bought enough Steem. I'll probably be powering up all of it until I reach 25k. If I don't buy that will take me a year. If Steem gets up to around 1USD again, I think I will be in a good position. I also hold xlm, xrp, eth and of course btc. Then I have my index funds which hold top 10 and top 20, so I think I'm diversified enough.
I would like to see a midcap index fund that focuses on top 50 or 100, but I'm not aware of any.

Congratulations and SPUD on!

Posted using Partiko iOS

Thank you. I hope you have a happy SPUD too!

Nice efforts @abitcoinskeptic and yes, using exchanges can be tricky. I haven't used one in a while and def. keep nothing on there, only when it is time to make a move. The #newsteem is definitely improving the community and hopefully with initiatives like #spud we can keep the younger steemians motivated and supported too. Take care and good luck on your Steem Journey!

Thank you. I hope to see more steem power and less liquid steem myself.
Spud is becoming more and more popular.

Thanks for being involved and supporting #spud8 @abitcoinskeptic The #spud movement is growing and with support from the community it will get bigger and more powerful. Take care.

Has it been a month already? I remember reading your Nov report not that long ago.

18000 by the end of the year isn't totally impossible, quite a few of your posts are doing well, just need a few killer posts.

And what's wrong with eating chocolates 😉

November went by really quickly for me, too. I guess with Steem fest things must have flown by. I try to do my reports on the 1st or 2nd of the month.

Thanks for the encouragement! If December is as good to me as November (I had a lot of good content during November), I'll probably finish around 17250. My main goal is to get into top 1000 SP holders, 18000 has always been a long term goal. I'm at the point where I think I bought enough Steem. I can wait until the end of January for that goal.

I find the chocolates in the Christmas calendar to be low quality even though I have Cadbury.

Wow! You seem to be doing great my friend and congrats from me!
Somebody needs to explain curation trails to me step by step, as I think that seems the best way to go.
Blessings!

Thank you! I've put a lot of thought into it. After a major hardfork like the one we had in August, it usually takes me a few months to adapt and figure out how to best take advantage (but not exploit) of the changes.

That is actually a really good idea for a blog.
There are two ways to do it. Automatically with autovote and manually where you just see who someone votes for or what they resteem, then decide yourself.
Personally, I use autovote at a high setting to make sure my voting power isn't just sitting at 100%.

Good morning, thank you for the tip and we all have to cope with survival tricks due to the low steem price.
The same as the situation with our charity. A severe struggle to keep going.
I will DM you.
Blessings!

The low steem price means it is a struggle now, but it also means there is still just as much steem, but less people interested. If we survive this and edure, we will all be stronger when steem recovers. I joined when Steem was around 4 or 5$ each. I can only imagine what that would be like now that I have 16000+ sp. I had around 50 then.

Hahaha, the reason for my laugh is that I joined just as the steem slide began. June 2017. Never bought a vote and did everything the hard way as I continue to this day. Picked up a couple of very good friends along the way, but now I feel that the time has come for a change in my modus operandi.
I should now start to think how to put my SP to work.
If you had 16000+SP then, you would have almost been a millionaire!
Blessings!

Doing it the hard way without purchasing was easier then than it is now. The prices are just too tempting for me.

Oh yeah, it has certainly become a struggle to do it the old way and that's why I am searching for new ways my friend.
Blessings!



Hey @abitcoinskeptic, here is a little bit of BEER from @detlev for you. Enjoy it!

Join Steem Power Up Day at the 1. of December and power up BEER

Congratulations @abitcoinskeptic - both on the two-year anniversary and the progress with your account. I am interested in your comments about tribes and tokens which, to some extent, confirms my gut reaction to the former. For my part, I'll wait to see what tokens produce.

Your exchange with @nickyhavey was, for me, very insightful. As usual, the comments on your post are as elucidating as the post itself.

Oh, and a lovely wreath, tell your wife. And, I think you should forget about the embarrassment and share that advent calendar!

Best wishes for the festive season!

Thank you so much.

I find my comments are almost as long as my posts. I'm getting really fast at typing, lol.

Glad everyone finds it useful.

I'll share my advent calendar later. Day 3 is weak. I actually forgot yesterday and had 2 today!

Hahahaha!

I enjoyed reading your post, you have good sense of humor. Beautiful wreath that one, and thank you for the tips on curation. Congrats on power up your sp, I am intrigued on the spud movement. I will look into that. Merry Christmas and happy nibbling chocolate every day of December.😊

Oh thank you so much. SPUD is very important, especially if youbwamt to grow. If all else fails, more Steem Power will make you stronger.