Financial Literacy Is the Next Critical "Skill" to Acquire! * My Hive Goals (Week 10, 2023)

This is a short sum-up table with the state of my goals in easier TLDR form. The table has only some information, so if you want details, they can be found in the post.

I include a link to the initial goal-setting post for 2023, for reference, if needed.

What a week! And the interesting part is that the crypto space took the backline for FUD this time around after the banking system showed once again the risks of the fractional reserves system combined with greedy investments and bank runs. And guess what, unlike FTX, SVB was regulated. What good was that to preventing its collapse? Yeah, in the aftermath they are often saved using all contributors' money.

Regulations are nothing else but facilities for the big and powerful and hurdles for small investors. They protect nothing! Actually, I retract that. They protect the former and screw the latter.

Financial literacy is badly needed at the masses' level, to be able to take responsibility for their own actions! In this day and age that is turning more and more financialized (i.e. merging of finance and social media), this will become as needed as the skill to operate a smartphone. Or as reading was a few generations ago.

If you won't become financially literate you will be more and more dependent on others and controllable. Be proactive!

Since you are reading this and are in the crypto space you are already many steps ahead of others in understanding and embracing the world that is coming. No FUD can stop it! The fight is about the shape it will have and who or what controls it. Not if it will come or not.

Last week, because of the price crashes, it was pretty good for making moves for my goals.

Let's see what changed since last week regarding my Hive goals.

HIVE Power (HP) + HBD in Savings Main Goal

I purchased a significant amount of HIVE this week with HBD, in a few stages.

My staked HP slowly grew to 27231 HP this week. I withdrew 225 HBD from savings to have some liquid HBD in case I want to buy more HIVE. In the savings remained a round 1000 amount of HBD. I now have enough liquid HIVE to make another 1000 HIVE power up, and even use some to trade back to HBD if HIVE pumps.

Here's what the evolution of the HP+HBD goal looks like:

I'll need to have one of the targets (HBD or HIVE) reached to consider this goal completed.

If a target becomes too easy, I may increase the target, but not forever. Just like the market can play against your targets, they can play in their favor too.

This week's price drops show why it isn't savvy to keep increasing price-influenceable targets, even if they are (almost) achieved.

LEO Staked Main Goal

27 LEO staked during the last week, but I am saving for LPUD which is 2 days away.

929 LEO left to stake in March to meet the 1000 LEO power-up guideline. I decided to not make any purchases of LEO this month and see if I can make it through gains only.

Splinterlands Land Expansion Main Focus

Land expansion's main focus extends throughout 2023. Unless I change the strategy, it will be the only main focus / main goal for Splinterlands in 2023. But there will be several 1-3 months goals.

First Land-Related Goal: DEC/DEC-B Saved

Deadline: end of Q1 / beginning of Q2, most likely (and unless new relevant information doesn't change the situation).

Target to consider the goal completed: 1 mil. DEC/DEC-B saved.

Stretch goal: 2 mil. DEC/DEC-B saved (probably to be ignored).

Current status: 961k DEC-B + holdings in diesel pools. (+31k DEC-B)

This goal will end pretty soon (most likely successfully), but after that, another goal of the same nature will begin.

New Land-Related Goal: Maxed Cards for Staking on Land

The purpose of this goal is to build the amount of maxed-level cards I need for staking on my tract.

We will need to fill 5 slots per plot with staked cards, without requiring summoners (that doesn't mean they can't be used as regular cards).

So, what are the details of it? This goal's details will be adjusted after the land whitepaper is out and land expansion 1.0 is released (surveying).

Deadline: June 2023, probably.

The number of maxed-level cards needed for staking on land: 500 (5 x 100). (?)

Current situation: 107 / 500 (+5, of which 2 GFL) (21.4%)

Time remaining: ~13 weeks

I could probably add some more maxed-level cards from my playing deck if I'll need to (some are probably underutilized in my playing deck).

Comments Made

I started this week with a total of 12879 comments made.

Ended the week with 12980 comments made, which brings the number of my comments this week to 101.

I now need an average of 119 to reach the goal of 18k.

Weekly Task - Buy SPI

This was not exactly my weekly task. But it was an order I had standing for SPI, which in this volatile market partially executed. And I'm ok adding a little more to SPI as well as other passive investment tokens on Hive-Engine.

Posted Using LeoFinance ^Beta