Temptations .:. WorkerBee PH-Pool Week 101

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Decisions, decisions, decisions... When we are new to markets (I'm here 5-6 years, but I consider myself a newbie 😃), we are emotionally connected to assets that we bought... And not just that, we are impatient to "take profits" from them... I didn't have a problem with the second one in that way, it was more the opposite... Not taking profits when I should, after a long time... That was probably caused by the first thing, emotional connection to asset... Also, the problem is that we want to be ALL-IN-ONE, a trader, investors, savings guys, etc... And those "actors" are pretty opposite to each other...

I will just throw some easy examples here... For example, I bought a lot of WORKERBEE tokens when the price was well under 2 HIVE... Today, the price is well over 3 HIVE, which means that if I sell my tokens, I could be close to (or over) 100% in profits... But, if I examine the reason why I bought these tokens, selling them now has no sense... Why?


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I bought them to have a passive income from mined BEE tokens, but also because I had (and still have) an opinion that the WORKERBEE/BEE tokens are the cornerstone of the whole Hive-Engine ecosystem... In my eyes, the best investment with the least possibilities for downside... If we look back, that wasn't a bad assumption at all as for the current price of the WB token...

But, the price is juicy, and if I sell them, I could profit more than I profit by staking... That is true, but for how long? I mean, if I sell them, I will not have my passive income source anymore... It's just 4-5% atm, but it is still a profit, and it can continue bringing fruits for many years...

Okay... I could sell my WB tokens and later on, buy them back when the price goes down. This is true, but IF the price goes down... I know that markets are doing crazy stuff, and the price can go up and down... But, in some cases, you NEVER see some prices for a certain asset... Some people who missed the under 17K BTC boat in the past were extremely lucky to get a second chance... Sometimes, we never get it again...

So, in the end, we always get to those popular sayings... A bird in the hand is worth two in the bush... And of course, it's important to know your REASON... Are you here for the long run or a quick buck?

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Back to the report numbers!

During the last week, we didn't get nor lose any members, but our delegators have added a few tokens to their delegations...

Thanks for your support! This week we have mined 106 tokens in total!!!

This POOL doesn't have fees and you get up to 20% MORE by delegating to it!


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What about the bonus tokens?
It's time to give away some INDEX tokens this week... What do you get when you own INDEX tokens? Well, if you own then, you "bet" on some of the biggest Hive-Engine tokens as they are in the portfolio of the INDEX token... If H-E tokens do well, INDEX tokens will follow, and vice versa...

I will distribute 30 INDEX tokens to the delegators of the pool as a bonus reward today!


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As always, in the end, let's give the exact numbers for this week... There will be distributed 106 BEE tokens and 30 INDEX tokens as a bonus... The APR (without the bonus) was 3.652%, and when we added the bonus it went up to 4.724%!

I have calculated the ROI approximately with medium prices for all tokens at the moment of creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the last HiveEngine price of 3.1 HIVE... Most of you got them for a cheaper price, so probably have a much better ROI...

Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter and we will find the best solution for both parties...


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If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week you will get the portion of mined BEE tokens and BONUS rewards!

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All payments will be made after publishing this post...

If you have any questions, please leave them in the comment section!

You can find more about this pool in the initial post here https://peakd.com/hive-119826/@ph1102/workerbee-p-h-ool-let-s-help-each-other

Thank you for your time,

~ph~


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If you want to support my witness, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses, or just scan the QR code down below...

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Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!

You can also find me on LEO Finance .:. Twitter .:. Odysee

Posted Using LeoFinance Beta



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29 comments
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Temptations... the title of the post got me hooked :)))
I had big hopes for the Hive-Engine framework, but I think it is more than 1 year since I've seen something new on it. I am frustrated that on Hive we don't yet have a decentralized second-layer solution and a smart contract framework associated with it. I am pissed at the big whales and those up to the top who are not giving this the needed attention in order to put Hive on the map and unleash its true power.

Posted Using LeoFinance Beta

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Huh... I have to agree with you on this... Just read a post from another user with very similar content... Developments on HIVE are slow, and almost always out of deadlines... It's great to have big teams working on stuff like Splinterlands team, or LeoFinance, but somehow, I have a feeling that after every "new launch," some old (but important) project is left behind without developers and maintenance... Is it a lack of focus, funding, or something else, I don't know... But, priorities should be addressed and respected...

But, I'm not a developer and it's easy to criticize from the sidelines...

!WINE

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Liquidity of Workerbee on Hive Engine for trading and volume is very low..Not sure if there is another market with it, but with such low liquidity and volume price is not to be leant upon.
I noticed another thing.
Most of people that have accumulated workerbees previously are simply holding them as mining bee tokens seem to be rather profitable and that market has much bigger liquidity and volume.
That speaks volumes how valuable to the hivers this token is (Workerbee)

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I can only feel sorry I was not very familiar with it and did not accumulate more in time. Not aware of statistics, but if Leo token is almost 75 percent staked, it would not surprise me if 90 percent of workerbee tokens are simply staked. Selling is minimal, buying pressure is low, sure price is higher but after getting myself bit accustomed with token and its market I cannot escape feeling of missed or late train.
Still, I will continue to buy and trade bit by bit and add more to the delegation. :)

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You can find more details about the token here https://leodex.io/token/WORKERBEE

Screenshot from 2023-01-17 10-42-33.png

As you can see, it is over 80% staked tokens, which is a big number... Mining BEE is important, but BEE tokens are also distributed in other ways (like curation, or like rewards for H-E witnesses)... All that is playing a huge role in the BEE price as it needs more use cases (in my opinion) to keep it up...

On the other side, WORKERBEE staked tokens are used for voting for H-E witnesses and that's another important "use case"...

In conclusion... Yes, we need a bigger supply of WORKERBEE tokens, but it's not that big deal... The "bigger deal" is to find more use cases for BEE tokens...

!LUV
!PIZZA

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Thoughtful post! I know that as investors we each need to have our rules for when to take profits. I don't do this very well myself, and miss out all the time. So, you should not feel guilty about choosing to take profits. You can always do something with them, put them into something else, right?

That being said, not all assets are the same, I guess. There are certain assets on Hive that just seem harder to sell and buy. Workerbee is one of those I think. Hard to know what kind of price you really would get for a large sale. I am not good enough at this to really understand the longterm prospects for WB, it could be that the ecosystem is stagnating a bit and it is just a mining token, or there could be big builds coming that would prompt more development. I don't know. Guess that is the fun of it haha!

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You are right about the WORKERBEE supply and demand... It would be extremely hard to sell a large number of tokens for a "decent" price, in a short period of time... But, on the other side, I bet that at these moments, it would vanish fast if the price would be around 2 HIVE... But, that's just speculation...

I am not good enough at this to really understand the long-term prospects for WB

Tbh, I don't understand it either 100%... From my point of view, the BEE token should be the most important, and pillar of the whole Hive-Engine ecosystem... If it would be created ONLY by staking WORKERBEE tokens then we would have a huge use case for WB...

The biggest problem is that, with the bear market and almost 0 development on the 2nd layer, BEE tokens aren't used as much as before... That COULD change, but we need more products and easier usage of token creations, contracts, etc.

!LUV

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It's hard but I think you came in with a plan of letting them mine BEE and sticking to that plan is the best choice.

Thanks for the BEE/INDEX tokens and for running the pool.

Posted Using LeoFinance Beta

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183 workerbee ~ 0.997%. Nice 👍

Thanks for the BEE and INDEX 💪

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You are welcome!
Btw, your goal was to reach 1% of the pool? You are almost there! Good job!

!PIZZA

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Definitely holding for the longer term.. Though I would say there's nothing wrong in divesting a portion of it to realise some gains.
!LUV

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Of course... Taking profit or diversifying into other assets is a normal thing... Everyone should do what finds best... 😉
Cheers!

!WINE

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