STEEMIT

How to earn income from Steemit – Pt 1. Introduction.

Steemit and the rise in cryptocurrencies had me thinking, “Is it possible to earn a full time income from cryptocurrency?” I have come to the conclusion the answer is ‘yes’ and that will be my goal for 2018. To earn a full-time income working across a number of currencies and platforms and just one of those is Steemit! So, keep reading and find out “how to earn income from Steemit?”

Steemit is a blogging and social networking website on top of the Steem blockchain database. The blockchain produces STEEM How to earn income from Steemitand Steem Dollars which are tradeable tokens you obtain for posting. Steem is on the rise and are constantly growing from posting quality content.
It is possible to make $100 dollars a week and there are people already exceeding this once they know how to earn income from Steemit.

The referral-program allows you to use your own personal referral link to sign-up new members, so that you get tagged as referrer. You can do this by sharing your personalised affiliate link to your blog or sharing articles online. For example:

1. My personalized link to refer people would be: https://steemit.com/@robpyne?r=robpyne

and

2. A blog article (regarding advice on entering the cryptocurrency market) can be seen at https://steemit.com/bitcoin/@robpyne/the-best-advice-i-can-give-is-open-a-wallet-now

If you are serious, you will want to put up at least one post each day. It must be quality content if you want to get people interested. Posting quality content will help you build a following and have people coming back to your blog.

Another important thing to do is to identify other steemit members who are popular and who are posting quality content. Follow them and comment on their posts.



It´s really simple to sign-up new members with this system and it is really unique. All the best with Steemit and I hope you generate heaps of Steem for your wallet. If you are interested in knowing more about steemit currency units, an explanation is below.

How to earn income from Steemit – Pt 2.  The Three Steemit Currency units

The three units are Steem, Steem Power, and Steem Dollars.

Steem: Steem are units that are bought and sold for actual money on open markets (exchanges). You can trade them as you would bitcoin. However,  you don’t want to hold on to these for too long because more Steem Units are created every single day. If you hold onto Steem Units for a long time, they will become diluted and lose value.

Steem Power: Owning Steem Power Units is essentially like making a long term investment in the currency because you can’t sell Steem Power Units for 2 years. But there are a lot of good reasons to have Steem Power. By keeping your currency as Steem Power Units, you will be able to make considerably more money in the long run because you essentially have ownership in the network. As the network grows, so will your piece of the pie. And you’ll be heavily rewarded along the way. The way things are set up now, 90% of the new Steem Currency that is generated every single day is distributed to the people who already hold Steem Power Units in the form of additional Steem Units. (The other 10% goes to content creators and curators). Half of the pay you receive for your content will be in Steem Power Units.

Another advantage of Steem Power is the more  Steem Power Units you have, the more your curation vote will count. You will have more influence on the site and you will also get paid more for upvoting other people’s work. (When you upvote someone’s work, they will get paid more as well.)

Steem Dollars are the price-stable currency tokens. There are so many possibilities with SD. You can spend these in the virtual economy which is soon to come, you can hold them and accumulate a 10% return, or you can sell or transfer them into Steem, Bitcoin, or other currencies. Like the turbine that’s spun by steam power in a conventional steam power plant, SD bridge the raw power of Steemit with the real world applications of a price stable currency.

How to earn income from Steemit – Pt 3. The Wallet

Once your account is up and running you will have both your own blog and your own wallet.  You can use your steemit wallet to send steem to or to convert your steem to steem power. The value of Steem Power {SP} is the same as that of Steem. Moving Steem Power back into Steem takes 104 weeks, that is called Powering Down.

The most simple way to buy steem is at SteemIt.com. There you will find a button that says: [BUY STEEM OR STEEM POWER] After that a pop-up will appear from where you can choose what to buy, Steem Power or Steem. You cal also After you send your ‘coin’ it can take a while before the transaction gets confirmed and you’ll receive the Steem Power in your Wallet at SteemIt dot com. There are more ways than this to buy Steem Power. It is possible to use other ‘coins’ also using ShapeShift dot IO, for example, but that would be a little more complex.

Thank your for reading this post to learn how to earn income from Steemit.

Categories

How to earn with Steemit, What is steemit? Exchanges

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