My growth strategy on the Hive blockchain
My growth strategy on the Hive blockchain is to double down on both Hive - in the form of Hive Power and HBD - the almighty stablecoin with an appealing 20% APR when deposited into Savings. I have started this new strategy few days ago by ensuring that each day I grow my account with 10 Hive Power and 2 HBD and I can see that I have greened up each single day. And by my calculations there is still room for bigger numbers as I continue to earn from engaging on the blockchain, curation and also content creation. Thus I will be refining my strategy by boosting up the daily targets.
Starting next month my new daily targets will be to power up 15 Hive and deposit 3 HBD into Savings. By the current market conditions that would result in about $6 per day. I will be using this target for one month and I will see at the end of it if I can boost them up even more. My immediate goal is to reach $10 per day from both HIVE and HBD and continue powering up/depositing in order to ensure extra revenue - either fully passive or active, but with low energy consumption like curating. So to translate my goals into some stepped targets that would be:
- July 2024 - Power Up 10 Hive & Deposit 2 HBD on a daily basis
- August 2024 - Power Up 15 Hive & Deposit 3 HBD on a daily basis
- September 2024 - Power Up 20 Hive & Deposit 4 HBD on a daily basis
- October 2024 - Power Up 25 Hive & Deposit 5 HBD on a daily basis
While the targets for August 2024 are pretty in line with my current gains, those planned for September also have a chance of making them happen. But the ones set for October probably will require me to be quite active to make them happen. It will be challenging to see if I get to $10 daily earning on Hive (both HP and HBD), but by conducting this experiment at least I will see how close I can come with it. And I have a wild card hoping to push that closer - earnings from second layer tokens on the Hive blockchain like LEO, BEE and some others.
So I will be pulling funds from all my revenue channels on Hive in order to push and reach my goals. Will I make it, will I not? Well, if I don't try it out I will never know. So if I've captured your attention, let's see if this will be a success or failure. Even if I will not make, I am sure I will learn things along the way that will help me consolidate my portfolio on Hive and push the revenue streams from here as much as possible. So, without adding anything else... let the games begin!!!
Posted Using InLeo Alpha
You’ve got a good strategy
My plan is to keep saving for a while hike since my account is still new
Beginnings are hard, but for surely it will pay off in time.
I'm sure you'll make it! Good luck!
Daring goals, have a bit of reservations, but if I will be more active I believe I can make it. Thanks for the support!
Your goal is inspiring
I wish you the best!
Anyone can make it, just need to start with a goal.
Solid goals, make weekly reports to show how it works so far.
Yeah, I will try to track it, already using excel to see the progress. :)
This sounds great and hope you are able to make the way you have planned.
Let's see if this stepped growth works, although some thresholds might be steep to reach.
I hope you can make it.😊
One step at a time, I will try it.
Fighting. I'm sure you can.😊
A reasonable approach. Many success for you!
Thanks for the support, reasonable, but things get harder after moving from one threshold to another. I am reserved for last mile, but I am hopeful and focused.
Of course you can help by actually buying some Hive, especially at these low levels.
Since you have set a GOAL for yourself, I am 100% sure you will be able to make it very comfortable..All the best with you Hive and HBD goals.. cheers
Having the goal drawn on paper it is the first thing to keep focus. Next is execution and to be active and engaged, should be doable.
All the best friend, with all the plans you've laid out I know you will achieve your goals😀
I am hopeful for that, thank you!
When the right plans are made and targets are set, success is inevitable. Keep at it and you'll be amazed at the result of the work done. Cheers!
Thanks and I need to grind at this to make it happen.
That's the energy 👍
It's a well laid out plan.
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Good Luck achieving your goals.
We would all be wise to write down our goals, so we can pursue them with intentionality.