This is my first attempt at writing a blog post, up until now I've been posting my YouTube videos, or blog posts I wrote many years ago from my WordPress blog. I didn't write a blog post before because I had nothing to write about. When I create videos I simply turn on the camera and start talking, with almost no idea of what I will say throughout the video. This makes my videos very useful for me, and entertaining for myself to watch. You have just read the introduction to my first written blog post on steemit, I know... I need practice.
My first video blog post on steemit was 2 months ago a few days after The DAO sale started. I discovered steemit on coinmarketcap when it rose to a very high level for one day. I watched the video on steem.io and found it very interesting. After submitting 2 posts in 2 days that earned 32 cents, I forgot about steemit for 5 weeks. Three weeks ago I watched a video with Amanda B. Johnson and Fort Galt, they were talking about DASH and the steemit July 4th first payout was mentioned. I thought to myself "hmmm, payout on independence day, that's powerful". I went to join steemit and realized I already had an account, and started blogging my YouTube videos.
There was very little documentation that I could find about how steemit works, I figured I would just blog and trade steem on bittrex, figuring it out along the way. I was mainly focused on earning some money before the payout a week later. Steem was fun to trade on bittrex, and I would use the profit to buy more ether, then sell ether to buy more steem. The price of steem fluctuated between 25 cents and 35 cents for most of the time before the July 4th payout. At that time my crypto holdings totaled about 14 bitcoin, 95% of it in ether that I bought when the DAO crashed.
I started buying bitcoin in December 2015, my goal was to buy 10 bitcoin within 6 months, by only spending $200 per week and trading. I eventually got into a groove of buying bitcoin every 2 to 3 days, speeding about $100 to $200 each time, and trading BTC/ETH to get more. I was satisfied with holding bitcoin or ether, to me they were both promising, so depending on the market fluctuations, sometimes I would be 100% ether or 100% btc, most times somewhere in between.
When I started trading steem I had about 14 bitcoin. A week after the payout I sold all my ether and bitcoin for steem. Now I have 3000 steem, valued at about 20 bitcoin, and 13,000 steem power, valued at 100 bitcoin. I went form 14 bitcoin to 120 bitcoin in 2 weeks. Now my fingers are tired, time to find some pictures for this post. Videos are so much easier, I might not type another blog post, it's not fun because it feels like work, and my last job was in 1999... Craig :)