The Divide Between Bigger Stake Holders Will Only Get Bigger.

avatar

kmpus0vj67.jpg
source

I was thinking last night that the divide between the larger stake holders and the smaller ones will only get bigger at the current rate. The reason why I say that is not from unfairness or anything like that, but from peoples actions.One has to just look in Discord at the Market Feed to see what most are doing.

If you earn your rewards and sell them then how can you grow? I have sold very little and started with nothing and came in a week after most of the new users on Sports. At the current rate my vote value is growing where most of everyone else is declining. That is going to happen naturally as the more tokens are staked and distributed.

When I first joined the main reason for growth was to be big enough to make a difference and stay ahead of the abusers. I felt the place was in trouble if abusers had the most stake and needed a balance of users who cared and could fight it. My view hasn't changed and is still the reason behind the growth.

The thing is I bought my same mindset in from Steem and that is only to grow over the next five years or so and see where I end up. I never joined Sports to see how much I could make and take from it, but quite the opposite. I was late joining Steem and the reason why my account is still small compared to others, but I did learn how to grow consistently.

I honestly don't feel bad where I find myself now and believe everyone had the same opportunity and some have wasted that opportunity and are now going backwards. What happens when Steem rises above $1 or higher it is the coin that is backing all these tokens? What users are selling the Sports token for now or other tribes tokens is pocket change to what they could be worth when Steem climbs up to where it once was.

The same concept applied to Steembasicincome as when the Steem value dropped more and more invested compared to when Steem was at $4. Will users be dropping 100 or 200 Steem buying Sports Tokens when Steem is at $4? I think they will, but they won't be buying as much as there won't be loads going to market like there are now as most users wont be earning 1000's, but more like hundreds.An account wanting to purchase 1 Million tokens when Steem recovers will be forking out a lot more in Dollar value and very few accounts will be able to reach 10 or 20 Million in the future unless you grow now.

The first month we were here we would see posts earning 100 000 rewards on a regular basis and now those posts are on 30 000 -50 000 and by the end of the year most likely will be 10 000 or so. In order to get a vote value of 10 000 you need to be staking 5 million Sports Tokens and to keep that same vote value by the end of the year you would probably need 10 Million staked by then.

In order to keep your vote value up you need to stake daily and I noticed this over a period of 3 days a few weeks ago when I didn't and sold a few. It all depends on where you want to be in 6 months or a year from now as the declinig vote values will change this place immensely for most. I don't want that to happen with my account and want to support others so that is why I have decided to stake the majority of my rewards. I am not thinking about now, but more about tomorrow and what lies ahead. Most I see on here now it is all about now and are not thinking of two or three years down the line.I have never taken 1 Steem out of this place and won't until I am happy with my stake holdings.



0
0
0.000
19 comments
avatar

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvoting this reply.

0
0
0.000
avatar
(Edited)

Great one man!

There will always be a wide difference between the rich and the poor which is saving and investment culture.. In the nearest future, the race will become the survival of the fittest and those who have been saving for the raining days will reap bountifully on this platform.

There will come a time when people will sweat their ass out to make 1k Sports on a post.. Maybe in the next one year or two.

At the moment, there are many users making the market bleed but things are doing to change when Sportstalk gains more adoption.

Let them keep selling while others take advantage of that to build a rewarding future for themselves.

0
0
0.000
avatar

That is exactly the same way I see it right now. I don't want to sweat buckets for 1000 Sports and why I believe staking is the only way right now. I am happy you are on the same thought process.

0
0
0.000
avatar

Stakers/Hodling , it's easy to see, the feed shows the sell offs which is their stake to do with what they will but some need to sell for food and that's nothing to judge but some......they post a lot then dump and I try to be a bit wise in how I use my stake regardless if it's liquid or staked.
All three of us are not small shrimps on here by any means and do it differently which tis what it tis

0
0
0.000
avatar

This is actually a great buying time. Right now, I'm trying to balance my Stake in Steem and in Sports. Both have big relevance for me. Also, putting eggs into one basket is not advisable :)

0
0
0.000
avatar

Hi, @cryptoandcoffee!

You just got a 5.42% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

0
0
0.000
avatar

Im the same. I just kept staking and staking during these early days. It's a bit like a long term investment in my eyes.

0
0
0.000
avatar

It is a long term investment, you're right and now is the time to focus on it if you want to get somewhere.

0
0
0.000
avatar

Right now it takes piles of Steem to become noticed in the curation game.
New Steem is all about making sure people are upvoting others outside their 'safety zone'
I think to get people in on the creation game, prices have to rise.
If people start hoarding or hodling or whatever, it which is what we are seeing with the middle-class expanding, prices will rise as less is being sold.
To this I say SPUD!

0
0
0.000
avatar

You hit them right. The market feed is full of sell orders which means stake distribution becomes narrower. Most of the users here are selling their tokens, making this platform as just a place to earn. More likely thinking like a sidechain.

I've stake most of my rewards in an effort to be close to my original vote value than before. In the coming months, I see that most users will only be making hundreds. I just have a great feeling of this project tbh, more than what other tribes have.

0
0
0.000
avatar

About 2.5 million sports tokens are added to the market daily via inflation. That will keep the price of the token hovering around the current price until the user base grows or the steem price goes up.

Those who are here to for some kind of income will find it difficult to stake continually. You will need to be financially okay to do so.

Yet there is another group who wants to take profit whenever they can, and are not bothered about what the future profits will be. They are like the day traders.

It will be hard to find the long term investor type of person, who is patient enough to wait for the profits to roll in slowly over time.

0
0
0.000
avatar

There's nothing you can do. There's a category that will always be selling everything they make an do everything no matter what it is to get more. These are people in need that can't afford to invest, stake because they want cash asap.
Onboarding may or may not help as you don't know who's coming onboard but I still hope people are going to wake up and see the potential.

0
0
0.000
avatar
(Edited)

I have been staking sports tokens regularly whilst many others have been selling them.

I have staked even the air-dropped tokens of the other tribes which are not doing well and probably will never do well. I just feel that I have to give these other tribes a chance, whilst I don't have a need for the cash yet.

0
0
0.000
avatar

fair enough if you really are into sports. But what is with all the people that just want steem and not really care about the other tokens? I am for the moment selling half of all the tokens I earn into steem. (not taking anything out into fiat)
In my opinion Steem has the most chance of succeeding, the others I am not sure about.
But this does grow my steem amount and I do get a bit of the other tokens this way as well. Win win in my opinion

0
0
0.000
avatar

I have been on here 10 weeks or so and with a bit of dedication and even with the low prices if I sold tomorrow I would have about the same in Steem as what it has taken me 18 months of hard work. I don't understand why others don't see this as an opportunity to fast track their accounts. I think you are playing it smart by staking 50 percent.

0
0
0.000
avatar

I always check posts like this since I am always looking to learn. Posting quality, fresh and original content everyday is not enough, there is something more, something there to be learn, something to be shared.

The market decides whats do and what is not, and finding it is magic.

0
0
0.000
avatar

I plan on staking as many SPORTS tokens as I can with my new account. I am looking forward to growing it. I want to see just how big I can get. I feel like I am a bit behind the curve, but we will see...

0
0
0.000