I don't think in a year but in 5 years maybe. i wouldn't want to take any money out of Steemit as I would rather grow.
Diluting and living off your earnings now would be foolish. In a few years time it will be hard to earn Steem so banking it now would be smart. I could possibly take a few dollars out every day but I couldn't do it. I have worked too hard to tamper with my account.
The more users that are on here will make it harder to earn Steem. The smart thing would be to grow as fast as you can and see in 5 years time what you are worth daily.If you have grown and powered up for 5 years I think it would be possible all depending what the Steem price is. I would be shocked if Steem wasn't in double figures by then.
Fortunately even with the disappointing price of Steem in the market nowadays, my current daily earnings is still enough to bring food to the table if I decided to cash out daily.
Right now I am earning 2-5 liquid SBD per day (half of which comes from Musing! Thanks Musing XD). Since I live in a country where a dollar is a make or break and food-wise we only spend a good 1-2 dollar for a single meal, 2-5 liquid SBD is really just enough for 1-2 person per day.
About a year from now, I am very hopeful that Steem will get the market value it truly deserves, added the fact that the hyped SMT will be launched 6-7 months from now then I am very positive that the earning I earned at that time will be more than enough to bring food to the table for myself and even my future family in the future.
Of course not in any way saying that I will solely rely for Steem for daily income, but food-wise I think it will solve and greatly help my expenses in the near future.
Well, I do not know and I am not exactly sure. That is why we should not solely depend on Steemit as our sole channel of income. We should also look for other means to earn money other than Steemit. The crypto space is vast, we can leverage on it.
Yes, in a year you could be able to bring bread on the table out of Steem. There are already quite a lot of people making a living from Steem.
But, before you quit your dayjob, take a calculator, and see what "making a living" means for you, because it means a lot of different things for a lot of different people.
For instance: the place where you live will make a difference (expensive city in an expensice country vs cheaper countryside village in a cheaper country), if you are a single, or have a spouse, do you have children you need to take care of? What is your requirement of luxury? Do you see "making a living" as in: living in a one-room-appartment with a bed, wifi and running water, eating apples all day, or does "making a living" mean living in a 10-bedroom condo with a Porsche on the driveway, and being able to eat out every meal for you?
Quite a difference in meaning of the same saying "making a living", right?
I hope so. That's what I'm striving for. I need to make this a source of income. It as always been my wish to work at my pace and steel is giving me that opportunity.
Well, I hope for the best.