Hive Goals and Why Units Matter
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Hive Goals and Why Units Matter
It's understandable many are losing their minds at the moment. Most people view crypto as a stock and look at it in terms of dollar value they can get back out of it instead of units. It makes sense since everything tracked and charted shows crypto is USD "value". I think it's time to take a step back and think about unit acquisition at times like these which is why I've been doing myself. This week has sparked me to work harder than I have in the last few years because I know this price dip paints another huge opportunity for me by building these assets faster now and reaping the rewards later on down the road.
Days Left In The Year: 195
Hive
| Goal: 100,000 | Current: 76524.947 | Needed: 120.384 |
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Number continues to climb on me as I push some of it into wax, Splinterlands and leo assets at the moment. I'm close to hitting some of those goals now so that means more hive will be kept and powered up. Right now I'm moving things to where I can get the faster growth for my crypto with minimal risk. That means not in stables and instead into things like hive, polygon etc with staking rewards. I can nearly buy 3x the amount of many of these tokens then I could last month.
The dollar amount in hive earned per day is now at about $10 or less. Which is pretty much worthless in terms of dollar value when you look at it. I suspect this is going to cause a lot of people to stop using hive and leo like we normally see happen when prices dip like this. However what has increased is the amount of hive I'm now getting. As you can see below I've been powering up a decent amount of hive every day. From last week however daily earnings in $ value have dropped $5 so I'm doing everything I can to pump that back up which mainly means accumulation of more hive.
*Image taking from HiveStats.io
LEO
| Goal: 75,000 | Current: 63,220.347 | Needed: 60.40 |
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Daily number has fallen by over 3 per days which means I'm on track to hitting that goal faster. I want to get below 50 daily by the end of this month which will take some serious effort but I know it can be done. Out of all the layer 2 tokens on hive I have to say LEO does it right. Splinterlands assets are also doing decently but they have a totally different purpose to them compared to LEO and in some cases both connect with each other through defi platforms such as CUBDeFi and PolyCub
I've stopped tracking any of the other layer 2 tokens because I just don't see much coming from any of those. Many lack a real plan for stability and most are simply trying to recycle other tokens or games in order to subsidies value. To me this is kind of pointless and I rather instead just work on all of that myself.
That being said my primary focus is mainly LEO and Hive for now as prices are at all time lows.
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Goals with two coins in the running, nice approach to keep going.
They are about the only two that are holding any weight anymore lol
Too many I agree, find a couple and work toward growing them.
I am also doing less tokens now than I have done before.
Mainly just focusing on HP and HBD.
Everything I sell on HE goes back into EDS(Edsmm) or Bro.
Thats all, its way simpler
My thought process is to stack on the hive and leo and HBD will come later once a rally happens again as a lot of the payout will shift to HBD when hive goes over $1. Plus I thought there was huge upside on hive at $0.70 lol well now I think there's even bigger upside potential haha
I am also stacking hive and not coverting at these prices ^^ waiting for the price of hive to go above 0.9 or something ^^
A very good point. We often look at the USD (or whatever) value and not focus upon the number of units. That is what is enhanced when the bull hits.
So the focus upon building during the bear is not in fiat terms but units. Add more units and the value of each, when the bull returns, will expand.
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It's never let me down. During the 2017 - 2021 bear market all I did was hyper stack. I came out with that with nearly a million bucks in Splinterland assets, a much larger hive holding and big moves on LEO and DeFi. Now it's time to do it again and turn it into multi millions in a few years.
Keep grinding mate.
Collect as many units as you can before the next Bulls comes in.
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Stacks on stacks
I'm focusing on a few more, but they just require reinvestment of divs.
I am only focusing on units though. Not fiat value. I'm not sure focusing on fiat makes sense even in a bull market though.
LEO and HIVE - This is the way :)
Most of have opposite mindsets.
Bear is opportunity to add numbers easily but all are talking $ value.
Bull is opportunity to take profits and all are taking about having more numbers.
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