A lot of people see my steemit posts on steemit and twitter and follow me in. That was never my intention but proceed with caution. I don’t like steem tips. I don’t give them and I transfer them to my savings account. There are multiple reasons for this but for me the most obvious one is that it takes more than finding the right horse to make money in this game. You have to know when to buy, when to sell and for how long you want to own the game for.
A way that I believe you can determine those three things above is to buy what you know. I always tell people that buying upvotes is a lot easier than you think it is. All the fancy numbers, upvote distribution and ratios that we will discuss as we get further into this series help, but all they really serve the purpose of doing is confirming what you know deep down inside.
Buy what you love and what others love
When I buy an upvote, upvotes like Peace, Abundance & Liberty, Steem Basic Income, or Votefun, it is typically a normal day post that I curate, wan’t to curate, or see a lot of other people curating. At the end of the day we are buying (whales) businesses, not symbols and not charts. Those businesses sell upvotes, if people love the services(upvotes & resteems) the company will sell a lot of upvotes. If people hate the product then they don’t and they lose money. As Warren Buffet says “I would rather own a good business at a fair price than a bad business at a good one” or something like that. If they sell a lot of quality products this is an indication that it is a good company.
If you see a line around the corner it is probably a good buy. If you see them in the hands of every person, it is likely a good buy. The greatest whales in discord are those that have turned their brand into a verb or a known. A whale that is so obvious to you that you are overlooking it in search of a gem. Stop that.
What you have to do is take inventory of everything you own. Take inventory of every whale upvote that you see people using around. They bought these products for a reason. Where are the patterns? Where are the trends? There is usually a publicly traded whale attached to that upvote in their comments section.
Avoid what you don’t know
So when I pick a whale I overlook a lot of things that might be good upvotes if I don’t know that company. I overlook them even if smart people are telling me to buy and its lit. An example of this would be upmewhale. I just don’t understand that whale, maybe because I am an $upvote guy not a #post-promotion guy. But a #post-promotion would be able to hack that play because they KNOW the inter-workings behind that whale. They know how post selection will impact it they know the history and are likely able to predict the future. There is a huge opportunity in tracking upvotes your lane.
Once you buy what you know, use your interest, your knowledge base and your genuine like for that upvote whale or discord channel to dig in deep. Read the reports, watch shows, podcast, documentaries, overdose on content to become even more proficient in that sector. This is why the people who love what they do tend to perform better at their job and ultimately make more money. When you love your industry or your product its not a burden to read articles or listen to documentaries on that topic. This love lets you take in more information and develop a better sense of what is going on. It gives you an advantage. This advantage will let you know when to buy, sell, hold and maybe even power down your steem power to increase your weekly earnings. This is what I was saying earlier.
When you genuinely love the discord channel you are swimming in the whales kool aid. If something happens you know how it will affect that balance in your wallet, you know its bulllish and bearish patterns and its range. This gives you sort of like a upvote-staking spidey sense and that is when you really start making money.
So the action steps from this post are this:
- Take inventory or products(upvotes & resteems) you know and love
- Do a steemit search to find out what publicly traded whale owns it
- Look at the charts, read the posts, look into the different discord channels
- Buy shares in that company e.g the steem basic income shares
Don’t chase whats hot, chase what you know and then become even more of an expert at what you know. This becomes your hidden advantage that will help you make money even if its not flashy and not on the up and up. Its better to know a whale well and make money getting upvotes from it in a cycle than to try and take advantage of every whale that pops.
If you are interested in getting anonymous quality upvotes from whales on discord without any replies on your posts join us on discord or steemit. I would be happy to welcome you into the Great Whale Hunt Contest by @dynamicrypto in the link below:
https://steemit.com/whale/@dynamicrypto/steemit-the-great-whale-hunt-contest
