Breaking Your Hive Growth Into Small Chunks
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These days my goals are set and broken up into smaller targets with the only difference there is no time frames as you cannot control your growth on Hive. We all rely on the community for support as growth cannot be achieved on your own.
I have learned from experience on Hive the one thing to do is to break your growth targets down into small chunks. These are achievable far quicker than setting bigger Hive goals.
For example my Hive goal is to achieve 100K Hive Power which would take many years of growth and expect it to take in the region of 66-72 months or 6 years which is long. The one thing on Hive is you learn to ride the waves and is the main reason I never set goals and happy for any growth.
Each day is a new high as you are staking each and every day the rewards that are being earned. The important factor is you are growing and nothing else matters as you are growing at your pace and why you must never compare yourself to others around you. Everyone is unique and offers different perspectives showing their personality hopefully.
Everyone wants o be successful at what they do and why they take so much pride in their Hive account as this is very personal. Hive is like no other crypto investment as you dedicate more time and energy into your growth than any other investment you have. Hive is a living, growing investment that is part of you and reflects the effort you put into it.
The one area I monitor is the value of the vote which as we know the value is tied to your stake. As your stake grows so does your vote value and last night I noticed I am on the verge of another landmark. I have broken my Hive growth down according to my vote value and nothing else as this is where I see the true value of the stake.
The aim long term is to one day generate passive income and the curation from your vote value is going to play a big role in how much the monthly income will be. Just shy of 4 Hive per vote would equate to 20 Hive per day on the 50/50 curation author split which I think is rather decent. The aim is to get to 10 Hive which will still take a number of years to achieve. The intervals are getting shorter though so I am hoping the 5 Hive vote value will happen this year still.
The insane part is a Hive at $5 today would generate in excess of $3K per month and well on the way to having some real value. My goal of achieving the 10 Hive vote value would generate $7.5K monthly which is kind of where I would like to see things eventually. My crypto goal with my various investments has a long term target of $20K per month and this is what keeps me focused as this is very achievable with the right projects.
One has to block out all the FUD not worrying if we are in a Bear or Bull market as what is important is you are growing your stake daily on every single investment. Take it slow and be happy with the growth rate as every day is more than the day before in numbers and not necessarily dollars.
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Thanks for the knowledge you just shared with us for free, breaking down our goals into smaller part should definitely help us achieve them quicker than a combined goal.
Truly the goal is to grow my Hive account but how? Breaking down the goal of growing my account will help me take the right steps one after the other.
Just grow as this is the time to make these times count.
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That’s a great way to look at the value in your stake, as you say in a 50/50 split it makes a good income for your efforts.
The income will come when the price is right and until then everyone should be growing as much as possible.
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I am powering up some hive every day, see if I can keep going for all of 2023
Breaking Goals is really an Amazing idea and way to achieve main Goal. Ultimate version of doing DCA fr.
I have did similar thing with my Leo Goals after realizing when I haven't achieved Hive Goal last Year and it is true Growth ain't possible without community support and well trying to do better and give best not caring about Fud or bull and bear just sticking to the plan.
Thanks for sharing this with us. Means a lot and really appreciate!
This is exactly like doing DCA with your work as you see it growing daily.
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I like the idea of smaller goals, most people seem to set long term goals which are hard to achieve, small, slow, sloth steps sound good!
My main target on Hive is getting to the top 5000 in HP, a reasonable goal for the year I would think! Each week, I slowly creep one HP closer to the goal! The idea is to compound on that so I'm 2 HP closer and so on! Keep at it! Let those HP roll!
Taking a day at a time is key when you are starting out as each day you must have grown something.
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I choose not to set short term goals. Kind of for the same reason you mention. There is just no way of guaranteeing you are going to make anything on Hive. Besides the HBD savings of course. It's too up in the air, so for me, I just set a big long term goal and shoot for that. I can understand why small goals are important to some people though.
My goals are all long term and seeing these milestones tick by always helps keep the enthusiasm fired up.
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And with the HP inflation the rewards rise even higher.
3% per year = 250 HP per month if you have 100k HP.
With hive at $5 this would be $1250 per month
100% right and why having stake is very important as these all go towards building more stake. I find it exciting watching the stake grow as it opens up so many possibilities.
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I would really love to see going HIVE to 5$ some day. Even 1 Dollar again would be nice. Really hope the next bull run will provide some new gains to hive.
I am sure it will and most likely surpass $5 with ease. I am happy with a $1 Hive as the bottom next time around.
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That would be totally awesome!
I think it is very important first of all to set goals and plan to achieve them.
surely you need a long-term goal, but to achieve it then you have to divide it into medium and long-term goals... at least this is the system I adopt.
Furthermore, even on a psychological level it is the best situation, when you reach your short-term goals it gratifies you and gives you the push to continue towards the bigger goals.
Nice post!
Im this market situation just staking is best because incoming bull market hive break his all time high easily. HBD stable coin gives us 20,/, APR thats great and huge for hive community. I personally think hive seen his bottom and incoming days hive easily touch 50 cent. Thanks for sharing your valuable thoughts with us.
Yes absolutely right mate, Small steps, one by one will make your journey to reach your goals beautiful and you can achieve them easily, but keep believing and keep contributing to the community. Hive power Gives you strength to participate in this amazing ecosystem.