Pennsif’s Progress #567 – Am I a full-time steemian, or just a keen amateur

Well, there’s a good question…?

I guess there are two starting points to answer that.

Firstly, do I earn the majority of my income from steem? Most definitely not, at least at present?

Secondly, do I spend the majority of my time on steem. Most definitely yes.

So am I full-time steemian?

I am wanting to say yes. But let’s analyse this a bit further first…


Time

I run a small business the rest of my day, but that gives me considerable flexibility.

As well as bits and pieces during breaks on my working day, from 5pm steem becomes my primary focus – usually until at least midnight.

And weekends and holidays… I’m on steem a lot / most of the time.

In the average week I am usually clocking up about 50 hours on steem. My day time job is 37.5 hours a week plus holidays.

So steem wins on time.


Money

I was somewhat surprised when I checked on steemworld to see that I am now averaging over US$500 a month in total steem rewards.

Living in Britain with three teenage children and a whole bunch of outgoings US$500 would not be enough to live on (if I wasn’t earning from my other job).

But that $500 is when steem is at $1.

How goes it if steem went back to $3 or $4 or $5…?

Then the future definitely looks steem coloured.


So here comes the big question.

If steem went back up to say $5 and it looked like it was staying there, or going up further, would I take the plunge, bite the bullet, grasp the nettle and go full-tilt, head-on and all-in with steem?

If I quit my job, there would be no going back. I would be a steem man.

I came for the money, I found the community, I took the opportunity.

Yes.

 

I Buy Steem – back in the market to support my delegation projects

I have now set up three new projects to support various communities on the steemchain – @adollaraday, @altlife and @piecesof8.

To kickstart these projects I have delegated 9,000 of my 10,000 SteemPower.

So I am looking to buy more steem to build up my main @pennsif account again and to allow me to delegate more SteemPower to the three projects.

With the low steem price it is a great time to buy.

Unfortunately for those selling it is not such a good time. But as a little compensation I charge no additional fees for the transactions, beyond any inbuilt fees in the transfer mechanism (usually PayPal), so this method of exchange will definitely be the most cost effective way of converting steem to fiat if you do need to sell at the moment.

It will certainly be a lot cheaper than going through the exchanges.

My steem purchases are based on the CoinMarketCap.com steem / US dollar exchange rate, and the BBC US dollar / UK pound rate at point of transaction.

I generally use PayPal for the transactions, but can use Amazon Gift Cards for UK and some of Europe, or other transfer methods such as TransferWise or Western Union if needed.

Transactions are coordinated via Discord, or email as required.

Trust is obviously an issue in these sorts of peer-to-peer deals but I have been buying steem this way for 8 months now and can provide a range of reference sellers if needed.

Generally I recommend starting with small amounts (up to 30 steem) for the first transactions until we are comfortable trading with each other.

So if you do need to sell leave a comment below or message me on Discord (Pennsif#9921).

I can provide a fast and cheap exchange service. And you will also be supporting my three community support projects :

  • @adollaraday – a daily charitable giving project
  • @altlife – supporting people engaged with The Alternative Lifestyle Show on MSP Waves
  • @piecesof8 – supporting musicians appearing on the My Life In 8 Songs on MSP Waves

 

I Buy Steem – back in the market to support my delegation projects

I have now set up three new projects to support various communities on the steemchain – @adollaraday, @altlife and @piecesof8.

To kickstart these projects I have delegated 9,000 of my 10,000 SteemPower.

So I am looking to buy more steem to build up my main @pennsif account again and to allow me to delegate more SteemPower to the three projects.

With the low steem price it is a great time to buy.

Unfortunately for those selling it is not such a good time. But as a little compensation I charge no additional fees for the transactions, beyond any inbuilt fees in the transfer mechanism (usually PayPal), so this method of exchange will definitely be the most cost effective way of converting steem to fiat if you do need to sell at the moment.

It will certainly be a lot cheaper than going through the exchanges.

My steem purchases are based on the CoinMarketCap.com steem / US dollar exchange rate, and the BBC US dollar / UK pound rate at point of transaction.

I generally use PayPal for the transactions, but can use Amazon Gift Cards for UK and some of Europe, or other transfer methods such as TransferWise or Western Union if needed.

Transactions are coordinated via Discord, or email as required.

Trust is obviously an issue in these sorts of peer-to-peer deals but I have been buying steem this way for 8 months now and can provide a range of reference sellers if needed.

Generally I recommend starting with small amounts (up to 30 steem) for the first transactions until we are comfortable trading with each other.

So if you do need to sell leave a comment below or message me on Discord (Pennsif#9921).

I can provide a fast and cheap exchange service. And you will also be supporting my three community support projects :

  • @adollaraday – a daily charitable giving project
  • @altlife – supporting people engaged with The Alternative Lifestyle Show on MSP Waves
  • @piecesof8 – supporting musicians appearing on the My Life In 8 Songs on MSP Waves