Hive Financial Goals - Week 1: A Pretty Good Start!
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Last week, I decided to create myself a couple of goals for the coming few months up to my 5th Anniversary in November in this post..
To be honest, I knew the first week would be an easy ask as I had a huge post payout to come but don't be too hard on me, it was just a little boost to myself to give myself some momentum going forward.
The goals were simply to achieve 2500 HP and 2500 Leo by the 10th of November, starting from a base level of 840.359 HP and 101.265 Leo meaning I need to add 8.34 Hive Power and 12.36 Leo per day.
So how did I do?
Huge fanfare for me as I currently proudly sit on 928.021 HP (weekly target was 898.739 HP) and 187.73 Leo (weekly target was 185.685 Leo).
Hurray for me!
Of course, I have to keep this up for the next 6 months and it's going to get harder. Consistency is the key and I will keep posting as regularly as possible whilst trying to maintain my effort (low quality) regime!
This week's target then, of which I have a head start, will be:-
957.119 HP and 272.205 Leo ... a little more difficult but I'm quietly confident.
Looking ahead, I can see the next 3-4 weeks being a lot harder to achieve but there are so many ways to make a few tokens and play games on this wonderful chain, where there is a will, there is a way!
I have been looking around to see if I can add any more token targets to my list of goals as I still have a soft spot for Stem and CTP and with Actifit making strides to add external listings and ramp-up development, possibly a huge attempt tp post a daily Actifit post might do the health and balance a world of good, but I will give this some thought during the week.
I know people's heads are down with the dip in prices but for me that might be a blessing as I am a little more stable in my FIAT finances so could make up a weekly target shortfall by buying a few Hive in again at bargain prices. For those who were;t around in 2018, or when Hive was just 11 cents back in November 2020. These are the times when if you have a couple of quid laying around, it's time to buy a few Hive for the future which of course would have paid huge dividends, both in straightforward price rises and the increased curation rewards you'd have been receiving. It's these multiple income sources that make this ecosystem so special.
Wishing everyone a happy, healthy and profitable week and I'll be reporting back next Monday, hopefully with good news again!
If anyone has any suggestions for additional Hive based goals I should be reaching for, or if you wish to share your own goals, please hit me up in the comments!
Life's not about the hustle. It's all about the humanity
Yay! 🤗
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I have the similar thoughts about whether to add STEM and CTP to my portfolio. I'm nearing most of my savings goals, so time to look around at what else I might want to invest in.
I have a dilemma about Actifit ... maybe time to sort out what I'm doing and move my actifit posts back to my @susie-saver alt savings account.
A dip is a great time to build your account. I'm all for dollar cost averaging purchasing, and ideally for a regular small amount. In the UK, I suggest the price of a cup of store bought coffee, something that is not essential and you could easily replace with home-made at a fraction of the price.
Stem and CTP I've dipped in and out of since they started. STEM, I love the concept and the standard of posts as well as it being well moderated butttttttt, I just don't see where it's going or even if there are any development plans afoot. Markymark has burnt many of the miner tokens and the Stem tokens themselves and sorted out the economics perfectly in my opinion but without plans for the future development.... The current price is so tiny, I will buy some more as I go because of who is behind it and because of the post quality but I'm not sure as an investment, it's going to be a winner without a statement of intent along with a timeframe.
CTP tokens I still own a few of and although it's not really my scene, without a doubt the community is fiercely loyal and very focused on their niche. Again, the problem is like many of these projects, there is no clear roadmap or vision for a value led product. The content is again relevant to the token and there some great people on board but its like they get everything up and running and settle in and then plateau.
Actifit also annoy me. Almost zero development on their website since they started and are now going down the DeFi route and creating new BEP20 tokens which in my opinion is a mistake as they ought to be concentrating on what is a class leading core product that's going to be overtaken. I worry they have missed opportunities of greatness.
Perhaps this is down to development costs because like many projects, I think funding is always a problem when they rely on curation and rewards but even so, I think it's a shame that projects on Hive always seem to be treated like hobbies when it has so much potential.
I'm guying Leo because despite my lack of interest in the subject matter and my misgivings about the quality of posts, the team are incredible and their work rate and focus, light years ahead of almost every project on Hive and that matters. The question then arises of whether the Leo token still has value with all the other tokens and chains being bridged to and I gently fall on the side of 'yes' as its still the original core token on which everything has built upon and its impossible to try and buy into everything.
As you quite rightly say, prices are low so time to look around at what and who may have the potential to rise to the top of what is in all honestly, a pile of Hive engine token pipe dreams!