RE: #AliveOnThursday Staking Contest - Prizes Of 1000 ALIVE Tokens - March 3, 2022

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Thanks for the mention, i wasn't expecting such a great prize. Need to try and at least double up again for next week now!

!ALIVE

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I'm sure you would be able to do so! 😀
From my experience, it's not that hard at the beginning when the starting stake amount is not that big if you are going to be persistent and determined enough.
If I may, I would suggest you try as hard as possible to grab that early-stage opportunity as it's not going to repeat itself, or at least not in such an easy or more accessible way as it's for you at the moment. Just go for it! 😀💪
!ALIVE

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Yeah definitely 😊 i will try for at least 300% again.. More if possible 👍😁

!ALIVE

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(Edited)

Well, that's a big plan! It would be fantastic if you would succeed again!
I don't know how many tokens you may afford to buy (even regardless of possible price changes that may affect your plan too), and if I would "walk in your shoes," I would consider a different strategy. Let me explain!

At first, for the past week's contest, you needed something less than 350 Alive tokens to gain that increase of over 300% percent. Depending on how friendly the market was to you and how lucky you were to catch some tokens at a lower price, 350 Alive tokens cost you around 2 Hive up to max. 5.5 Hive (according to the current ask price).

But now, if you want to make a 300% increase again (meaning, achieving the stake total of 4,927.728 AP), you need additional 3,695.796 tokens.
The total available amount of tokens on the market at the moment is something above 7,580 Alive tokens. Enough for what you need, but another question is at what price.

If you buy that amount from the currently available sales (Asks), you would need close to 122 Hive (in the average price of 0.03295 Hive per 1 Alive token). That's the worst-case scenario. But even if you manage to catch the needed amount of tokens somewhere in the middle of the current Bid and Ask price (0.01123504 Hive per 1 Alive token), you would still need close to 42 Hive. The "problem" with this second option (from my experience) is that Alive members are not selling their Alive tokens often and in such amounts.

Therefore, if I were you, I would lower my goals by around a 100% increase, meaning doubling the current starting stake amount to 2,463.864 AP and collecting the funds for the following week for another 100% increase that would bring you to the total of close to 6,500 AP.
The benefits of this case scenario may be the following (depending on the number of contest participants and their stake increase each week).

  1. 100% increase per week would bring you the reward of around 500 AP (x2 = 1,000 AP), meaning;
  2. Instead of the one-time reward of about 790 AP, you'll get the prize twice, each around 500 AP (in total 1,000 AP);
  3. You will have more time at your disposal to collect the needed funds for buying Alive tokens;
  4. In two weeks, you'll have close to 6,500 AP staked (1st week --> 2,463.864 + 500 Reward = 2,963.864 as a starting point for the 2nd week --> x2 or 100% increase = 5,927.728 + 500 Reward = 6,427.728).

The cons of this scenario might be:

  • More contest participants and their higher staked percentage (although it's a risk in any case scenario);
  • 500 more tokens to buy, as the total amount of additional Alive tokens needed would be 4,195.796 (in two weeks) instead of 3,695.796 (in one week).

I don't know if this long comment would help you, but depending on your final goal and available funds, at least think about it.

In other words, if you can afford to increase your stake by 300% or more this week and then another 100%, 200%, or even 300% the following week, you may disregard all I've said.

However, I wish you to succeed whatever you decide your strategy would be! 😀
Just keep in mind that there are not that many tokens on the sell (Ask) side as we would sometimes want, especially as the popularity of the Alive Tribe and its token price grows.

!ALIVE

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Hi there. Thanks for that great reply. It has really helped. Yeah i had began to realise it wasnt going to be that simple as there are only so many tokens for sale. I was surprised at the low amount but this is obviously a good thing really..

Yeah doubling up seems the way to go but i dont have as much cash to play with as i thought so i will be lucky if i can get that much especially since the price has just shot up again when i tried to buy some.

Thanks again for the help. Its a really great community here.

!ALIVE
!BEER

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Sorry, you don't have enough staked BEER in your account. You need 24 BEER in your virtual fridge to give some of your BEER to others. To view or trade BEER go to hive-engine.com

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WOW! Thank you very much for that feedback! I'm so glad that you had some use of what I said. Although, I just said how it looked like from my perspective, and as well from my own experience, as I have been there just a couple of weeks ago.

However, don't get discouraged! - Maybe your growth wouldn't go at such lightning speed as you initially might think, but it would surely happen if you stay consistent and persistent.

In that direction, I would like to suggest you take into consideration publishing your own posts more often (although, I am the last person who would be entitled to say anything about consistent publishing) and include, i.e., the tag #aliveandthriving even when you are posting about Splinterlands as it would bring your way, beside Hive coin, some Alive tokens too. 😉
Think about it! - You have 10 tags available for each post. Use them wisely, and the sky is the limit! 😀

!ALIVE

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