My Steem Investments as a Tiny Fish

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My eyeballsssss. [Source: 123rf]

Almost a month ago I received 249 PAL tokens. Not being an active author/curator on my personal account, I did not choose to stake it but decided to sell it at around $40 at that time and bought 1 unit of PALMM.

It's my first time mining and I quite excited and hopeful. There's no need for any special hardware or software you just need to buy and stake, which for me is very convenient. Just a day after I decided to buy another one. This is my first real investment on Steem Engine (first investment on Steem is SM cards which is worth around $490 now).

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Recent stats from sm-voter.

My current daily average mining PAL with 2 units of PALMM is around 1.0333 PAL/PALMM/day which will take me around 113 days to break even with my 100 Steem initial investment. Double that if I'll pursue breaking it even together with the $40 free investment from the airdrop. But seriously if we're being realistic here I believe it will take longer, because as there are more units of PALMM being purchased the competition towards the PAL rewards will be alot harsher. I'll be lucky to break even in 200 days. LOL. There is also an option to sell the 2 units of PALMM once I profited enough but we will see and hopefully we're not too late when the time comes.

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Tokens from 12 days ago was when I have 1 unit of PALMM, 11 days and until now is while having 2 units of PALMM

So now comes the hot Steem LEO which is more of an investment platform/tribe. IF I stake my PAL token or even bought a few I could have earn some from the airdrop. Although it made my butt hurt a bit there's no time to apply some ointment. The opportunity is still there and yesterday with 140 -ish Steem I dabble with trading on Steem Engine.
Sitting for almost half a day I gain some SteemP and Tokens. We can call it a profit I guess, but I'm more happy not to lose all the Steem I deposited. That's already a win for me.

Gaining some confidence from yesterday's trade I purchased 15 units of LEOMM for 90 Steem.For a tiny fish I'm aware that my expenditure is getting bigger, doing some investments here and there. But, I always believe that risks come with rewards I might regret it later so why not strike while the iron is hot. LOL!

Here's a rough summary of my investments on Steem:

Steem Monsters:
Spent: Around $430 (Steem is at 1.10 if I remember correctly and SBD is 2-3 dollars)
Current Value of Cards: $490
DEC value: $6
Current Profit: $69 ( ~ 210 Steem)

Drugwars:
Spent: 43.848 STEEM
Received: 96.869 STEEM
FUTURE Tokens: $50
Profit: 53.021 STEEM + $50 ( ~ 190 Steem)

Steem Engine:
Deposited: 430.65 Steem
Withdrawn: 98.010 Steem
Total Deposited: 332.64 Steem

Wallet Value: 122.617 Steem
Token/Steem on Markets: 232 Steem
Miner Value: 290 Steem
Total Wallet Value: 644.417 Steem

Currrent Profit: Around 312 Steem

Current Total Profit: 712 Steem

712 Steem is not too bad, I just hope that there are other opportunities to come and reinvest some from that amount .

P.S. I'll share my mining results with LEOMM in the future.
Thanks for reading!



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5 comments
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Looking forward to the LEOMM results.

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Thanks! Maybe I'll post some results after a week or two.
Currently, mining LEO's seems promising.
I already mined 5.1 tokens and it's only been half a day.
We'll see... :D

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I admire your enthusiasm for diversifying your investments.

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