Today is my first year anniversary on STEEMIT! I can't believe it has already been 1 year since I started my account.
When I first started, I had no expectations at all. I was just like "let's find out if people on STEEMIT want to learn about TA or not".
I did not think that I would actually stay longer than a month at first. The grind as a new STEEMIAN with no followers was extremely hard in the beginning.
But after just 6 days, I discovered the Minnowbooster account and was instantly hooked! I immediately recognized the chance to triple my money in a short period of time. So I decided to invest first and let it grow from there. I started posting 5 times per week and tried to get as much followers as possible.
So over the next month I bought my initial 1800 STEEM and started leasing SP via Minnowbooster. In the coming months I would make 2 other small buys of 250 STEEM each, so 2300 STEEM is the total amount I bought in the first 6 months.
At that time it was extremely profitable to lease SP, so I was able to grow my 2300 SP into 10000 SP in just 6 months which was insane! That is more than 4x!
Right now, leasing STEEM is a loosing game as the price of STEEM and SBD have dropped very hard. So don't even try it now, as it will likely loose you money. I lost like 500SP by renewing an old lease when BTC was dropping.
You may be asking 10000 SP? You never had 10000 SP in your STEEM account, which is correct! But it is because I don't have all my STEEM and SBD stored in my account. A good amount is stored on different exchanges and some is locked in the internal market for different trading opportunities.
Will STEEM come back in the future? I have no doubt in my mind about that. But first get ready to see it drop even more, because BTC could be facing another 40-50% drop soon.
Yeah it sucks, but it seems to be necessary to get the big money on board again. Right now everybody seems to be waiting and nobody is buying yet. And what does not go up, must sooner or later come down... which is what I and many other people including big hedge funds are waiting for.
