Flying Too High? .:. #MyHiveGoals February 14th, 2021

in LeoFinance2 months ago

The second week of February has passed, and the colors in the #MyHiveGoals spreadsheet are still the same... Two green and 4 red rectangles...

It looks that I have overestimated myself with too high goals for this year... I know it is just February, but when I take a look at these goals, I was maybe too optimistic... lol...


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Let us try to break down the report and examine every goal separately... Reaching 25K Hive Power is making 25% more tokens from the beginning of the challenge... If we take a look at curation rewards, they can go between 10-15% per year, which leaves 10-15% Hive Power to be earned by creating content... That's not that bad, and the goal can be accomplished, but with consistent content creation and curation...

LEO POWER is the next one on the list... The idea was to get from 8K to 12K LP, which is 50% growth in one year! The truth is that curation rewards are a bit better than on Hive (around 15-18%), but still, there is over 30% LEO Power to be earned! The problem is that I don't create content for the LEO Finance platform on a daily basis, which probably should change... On the other side, I have monthly earnings from the Liquidity Pool incentive, and that can help a lot... So, in a nutshell, the goal CAN be accomplished, but I have to create more quality LEO content!


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CTP Power is another huge milestone... The CTPTalk platform is growing, more people are getting involved, and it's not that easy to progress as we did in the past... So, reaching 200K staked CTP from 150K looks like an easy 33%, but it's not... The curation rewards are still great (over 20%), but there is another 10-13% that should be made through the author rewards... Again, it looks like not a big deal but getting author rewards over 100 CTP isn't an easy job... There are some great content creators and votes are diversified more and more, which is just awesome! Anyways, the goal can be accomplished, but I would say that it will be even harder than the LEO goal...

Another big audacious goal is SPORTS Power... I'm not sure how did I calculate at the beginning that I can TRIPPLE my SPORTS stake, but it looks that I was drunk... lol... Sincerely, I have no idea how will I get there, but we will see... It depends a lot on the Sports platform in general and the price of the token...


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And now, a bit on my GAMING goals... I did a huge step in the Rising Star game by accumulating 1M STARBITS token and that will help in steady daily income that will help me in buying card packs... But, again, my calculations were a bit off, so it will be very tricky to get there... On the other side, if the price of the token drops, I will probably buy some and invest in card packs...

And the last thing on the list is dCity... Yesterday, I have created my daily progress blog post, where I have exposed my concerns about the future of the game, so I will not worry too much about the goal for it... Also, numbers are great (for goals, not for the game... lol...), and I count that goal almost done...

I know that it's just February, but I like to track down my progress and change direction if there is a need for...


In the end, I would like to make an update of my current numbers (February 14th, 2021) on #MyHiveGoals:


HiveGoalsFeb14.png

Join us in this awesome #MyHiveGoals and let's grow together! You can find the original post about the challenge by @robwillmann here: https://peakd.com/myhivegoals/@robwillmann/new-challenge-myhivegoals-set-and-achieve-your-goals

Thank you for your time,

~ph~


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The link to my initial 2021 Goals Edition is here...

These are my initial goals for 2021 on January 15th, 2021, and this #MyHiveGoals Challenge:

HIVE POWER - 20,000 / 25,000    80.00%  needed monthly grow 1.66%
LEO POWER     - 8,000 / 12,000  66.00%  needed monthly grow 2.83%
CTP POWER - 150,000 / 200,000   75.00%  needed monthly grow 2.08%
SPORTS POWER   - 5M / 15M       33.33%  needed monthly grow 5.55%

Gaming Goals:

RISING STAR (CARDS) - 189 / 2,000    9.45%  needed monthly grow 7.54%
DCITY (DAILY SIM) - 5,488/ 12,000   45.73%  needed monthly grow 4.52%   (base Income - before taxes)


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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 .:. LBRY

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IMO, goals should be lofty yet attainable with sustained effort. That's the scientific definition. Hehehehe. :)

Hehehe... Yeah, it would be too easy to create some easy ones... The true warriors create almost impossible goals!!! YEAH! :P :)

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These are really strong goals, I have not witnessed yet in CTP bit more user stake and vote , CTP vote value can decrease. (Leo vote is already become half of what it used to be previous, making more difficult to earn LEO by posting, but LEO value increased more than by 2x so payment to author increased.)

I will say you will be amazed, if you go back at time and change these goal to their USD value of token and you will amazed that you have overshooted all with big margins.

user stake and vote , CTP vote value can decrease.
Yes, this happens in ALL tribes, and if you want to keep the same upvote value, you have to re-invest all earnings + buy regularly more tokens... Only in that way you can keep the "pace"... I remember that my upvote was over 60 CTP back in the days... :)

And regarding calculations in USD... I try to avoid that as I'm more interested to calculate crypto, or in BTC... :)

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Seriously always good to track your goals and to do so monthly. Gives you a nice kick in the butt if you need it to know you need to seriously push harder than ever this month. These are great goals! I know you'll hit them. Quality content, goal focused and part of amazing communities.

Seriously always good to track your goals and to do so monthly. Gives you a nice kick in the butt

That's the whole point! At least for me... I got distracted by other stuff easily, and having these goals in front of my eyes keeps me on track... If not, I would probably make the same mistake as 3-4 years ago.... Bought a bunch of shitcoins and lose money... :)

Thanks for your kind words about my content! Appreciate it!

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SPORTS target... 15'000'000 LOL - I'm not sure if you will be able to reach this one :-)

Ooooooo... Yes, it is maybe a "bit" high goal, but still...

:) :) :)

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Never step down from a challenge ;-)

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In your defense... You probably didn't see coming the HE witness thing and the huge effort to stake WB there.

I'd keep the goals as they are. You may have a few power-months and get back on track. Plus, there's something to aim at. It will motivate you that it's still in the red.

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Well, it's true that I didn't see HE witness thing coming...

I'd keep the goals as they are.

And I'm not moving my goals DOWN for sure! Maybe some of them a bit up, but down.... NEVER :) :)

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what a progress, especially your ctp stake is hugeeee! It's true that your goals are quite high but you never know! It's better to set big goals and even if you miss them i bet you will be quite close, than set just 10% ones!

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Agree about keeping goals a bit higher... I have done some calculations a month ago when I did them, and I get them a bit higher, to challenge myself more... But, maybe they are too optimistic... lol... But, I will not change them to lower! Hell, no! :)

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Don't you think we are going the right way with the proposal system of STS?

Oh, If I wouldn't believe in the potential of SPORTS token and the community, I wouldn't accumulate tokens at all... :)

I was more worried about my personal approach in the future, and the fact that when token starts to be more attractive, rewards from the curation will be less and less... Happened with CTP, LEO, and every other token... That's a normal thing, but I didn't calculate that... Anyway, I'm not stepping down from my goals :)

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Glad to hear that! Let's hope Leo set an example and all can follow that blueprint

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