My Hive Goals - Weekly progress report
Another week has passed and we are almost towards the end of the month. The week was good there was no big difference in the price of Hive and there were no new opportunities. I did purchase some Hive when the price was 49 cents. I'm planning to sell them when the price improves. Mostly my target would be anywhere above 55 cents. Let's see how it goes.
I was holding my HBD tight but then later realized that there will always be surprise pumps so it is good to be ready for that and I thought of keeping some liquid Hive with me. I swapped my HBD for Hive. I was also able to do some small trades on Hive Engine as well. It was a bit slow but definitely good. My Hive goals are still looking good and strong. I would like to describe more about my Hive goals.
50k Hive power
This is my primary goal. I discuss this goal every week and do a self-assessment. I'm very confident that I will be able to reach this goal before the end of the year. I already have a decent amount of Hive with me in the liquid form that can be used to power up and complete the goal. But I'm going to continue taking this slow as I have some other plans for the liquid Hive.
Compared to last month the author rewards were a little less. But I'm okay with that. We will not be able to expect great rewards every week. As long as it is consistent, I will have the motivation to keep going. The curation rewards were also a little less compared to last week. Maybe it could be because the Hive price did not change much. The rewards are still very good and I'm able to make close to 100$ every month. My focus should be more on increasing the stake and increasing the curation rewards. Right now 30$ from curation rewards alone gives about 120$ per month. This is a good passive income.
100k SPS
My next important goal for this year is to reach 100k SPS. Even though this goal has slowed down a little bit, I'm still very bullish about the goal and I hope the price of SPS will also improve soon helping us improve our asset value. Last week when I reviewed my SPS holdings value, it was a bit higher in value compared to this week. But my hopes are not for immediate profits. I'm planning to continue holding them for the long term. This is one of the biggest passive income sources for me from the Splinterlands game.
This week I did not sell the Vouchers I received. Instead, I'm planning to hold the Vouchers for some more time to see if I can get a better deal or if the price of the Vouchers improves based on the new releases in the game. But when the price of Vouchers increases, the price of SPS also increases making it no big deal to swap the vouchers for SPS. I might have to follow a different strategy to convert them separately based on the market value. Last week the overall value of my SPS holdings was above 5000 $ but this week it has gone down to 4,400 $. Let's see how it looks next week.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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I agree with consistency for Hive rewards. You can't really control how much you get each week but you can control how consistent you are.
I am not sure if there will be much action in VOUCHERS because the pre-sales are over. Are the next phase of those sales going to start anytime soon?
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I'm not sure but I'm going to keep accumulating it for now.
I'm not sure what to do with my VOUCHER tokens... It would be stupid to sell them cheap, so I will probably keep them until the next hype... :)
Nice progress toward your 50K HP! 3 months is enough to get there...
Good luck!
Yeah agree. It is not good to sell vouchers cheap. Thanks man Cheers!
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Keeping such tight target is really a good practice -more importantly it provides a rhythm to work on the side and make astonishing progresses after a fixed timeframe.
Have a good journey ahead and good luck for the week, š
Like with every good opportunity, eventually, you hit a level in your journey where it flows. The compounding dynamic becomes unbelievable. It gets easier and the growth tends to come a lot easier!
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Great goals you have there , my own goal right now is to be able to achieve my first 100HP before the end of this year , then next target next year would be 1000HP and above...