Progress Achieving My Hive Goals For 2022 (week 1)

avatar

This is the end of the first full week of 2022. It went by in a heart beat, hasn't it? 51 more to go.

I'm not used to publishing these goal reports, but maybe that's a better way to both keep myself on track and publicly accountable.

I have two simple goals on Hive in 2022:

  • Hive Power: 25000
  • HBD in savings: 5000

Started the goals with 12656 total Hive (both staked and liquid) and I had around 130 HBD in savings.

That means I need 12344 more Hive and 4870 HBD in savings until the end of 2022.

To break the goal down to smaller chunks, that means a 1029 Hive per month and 406 HBD per month.

If we break it down even further, that means 258 Hive per week and 102 HBD per week.

It is achievable. I have to contribute considerably on the side from other sources besides author rewards and curation to meet those levels, considering the price of Hive now, but it is a realistic goal. The price of Hive throughout the year can play either in the favor of my goals or against them. We will see.

Back to this weekly report.

This was an extended week, or one full week and a partial one, which I considered as one.

During the week we had the snapshots for the SPK Network and Ragnarok, for which I focused to "gather" a little bit more Hive. I didn't buy more Hive this week for two reasons:

  • it was a pretty high entry point
  • I needed funds for CL packs on Splinterlands

After the snapshots I moved 605 HIVE from my account to Binance and bought about 830 BUSD. Currently that's worth about 615 HIVE, but I'm still waiting...

Considering these BUSD converted to HIVE at today's rate, brings my HIVE totals to 13041 HIVE. Not totally accurate, since HIVE could go up and I could end up with less HIVE, but this little post-snapshot speculation I tried makes things messier than I'd like for this report.

I was slacking on the HBD front, only added about 38 HBD from rewards and interest. And I need a weekly minimum of 102 to meet the target. Which means I need to focus more on HBD next week.

This week:

13041-12656 = 385 HIVE > 258 weekly minimum [OK]

168-130 = 38 HBD < 105 weekly minimum [NOK]

A better idea would have been to consider BUSD at the HBD goal, since they are both stables, but there isn't any trading pair between them, so BUSD goes to HIVE. The more I think about it the better HBD would have been instead of BUSD.

When I get rid of that BUSD, I'll make a pretty spreadsheet too, hopefully.

Well, this was the first goal progress report from 2022. I need to get better at this. :)

Posted Using LeoFinance Beta

hive-goals hive hbd weekly-goals ctp proofofbrain vyb hive-engine archon cent leofinance
0
0
0.000
16 comments
avatar

The first week did go by fast! Good luck on your hive goals for 2022 😊

!PIZZA

0
0
0.000
Reply
avatar
(Edited)

Sounds posible :D so do try to get that and more :D What about the self vote? Does it help u willout causing inflation?

0
0
0.000
Reply
avatar
(Edited)

What about the self vote? Does it help u willout causing inflation?

I believe the argument about self voting is wrong, unless there is abuse such as only or mostly self-voting.

When I started I used to self-vote all my posts, without doing much of a difference obviously. After a while I stopped and never voted on my own posts unless a curation trail I followed voted for me.

Now I started to vote on my posts again (when I remember), on the argument that you should be the first person to like your own content, otherwise why are you writing it?

Does the self-vote make a difference? From what I see it makes one, in the negative sense. Because my posts receive less votes. Do I see this as a wrong practice? NO! Unless it's abusive.

And also... my opinion is: on Hive, (more) inflation is GOOD.

0
0
0.000
Reply
avatar

The price would drop, right? And well that is a solid argument, if you like your own content selfvote makes sense XD

0
0
0.000
Reply
avatar

The price would drop, right?

Not necessarily.

What we need is an expanding ecosystem and / or an expanding use case for Hive. More adoption, more (popular) dapps, more resource credits needed, these all require more Hive.

Finding more use cases for Hive can also reduce selling pressure significantly and turn it into a buying pressure. For example:

  • converting Hive to HBD for stability and interest or for using it in applications and games (see Ragnarok)
  • creating and providing liquidity in different pools where Hive is one side. And I'm not talking about diesel pools here (although they count). I'm talking about seriously deeper pools on bigger ecosystems (BSC, Thorchain, Terra, etc.). Remember SIP pools on SPK Network will be created and that will capture Hive and never sell it again.

Hive doesn't have to be sold if more it's created. It just needs to be better directed/managed. Hive's circulating supply is INSUFFICIENT in my opinion. Not something to consider shrinking as much as possible.

0
0
0.000
Reply
avatar

So why do the whales keep doing an indirect choking of hive grow even at the expense of selfvote, and why they would rip each other if one of them selfvote?

0
0
0.000
Reply
avatar
(Edited)

For a few reasons I can think of from the top of my mind:

  • their self-votes - especially if abusive - have a significant influence on the daily reward pool
  • because that doesn't help decentralize Hive even further (although that's in the detriment of the whales, unless the entire ecosystem becomes more valuable through decentralization)
  • that's a way to protect their own massive stake, although there are better ways
  • old grudges surfacing / resurfacing.

To be honest, I believe self-voting doesn't help. It shouldn't hurt either, unless it's abusive, but otherwise one can earn probably better by curating mostly others.

0
0
0.000
Reply
avatar

I see, welp gonna say it, you deserve comet ranker, but i dont even know the guy, you explained it bit by bit to me as a new guy, thank you :)

0
0
0.000
Reply
avatar

You could swap BUSD for BEE and then BEE for Swap.HBD but I don't know how much you might lose in the process :-)

0
0
0.000
Reply
avatar

Well... I changed back BUSD to HIVE, with a mere 10 Hive profit, but at least it's not a loss. Looks like the market might be turning and keeping the BUSD longer seems too risky for this short term speculation.

0
0
0.000
Reply
avatar

A better idea would have been to consider BUSD at the HBD goal, since they are both stables, but there isn't any trading pair between them, so BUSD goes to HIVE. The more I think about it the better HBD would have been instead of BUSD.

I know there are swap fees, but we do have the SWAP.HBD:SWAP.BUSD LP on BeeSwap.

Would this help?

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I lost that from my sight even though I knew about the pair. That's a good pair to have, even though there are deposit/withdrawal fees and swap fees.

In the end I exchanged BUSD back to HIVE last evening. Seemed like the market might be turning, and I didn't want to end up with less Hive than initially for this speculation. Now at least the Hive is mostly at work and producing more than BUSD was on Binance.

0
0
0.000
Reply
avatar

Congratulations @gadrian! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You distributed more than 80000 upvotes.
Your next target is to reach 81000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Check out the last post from @hivebuzz:

Hive Power Up Month - Feedback from Day 7
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
Reply