Why HIVE POWER? Why LEO? Why RS Cards? Why GLX? .:. #MyHiveGoals 2023
After skipping last week's report, it's time to get back in the saddle... In the post from two weeks ago, I have explained WHY I'm creating these posts and I forgot to mention one important reason more! When I began blogging on HIVE, I didn't know if anyone was even reading my posts... But, after a while, I saw some comments and got some mentions, which meant that someone was reading them...
When I noticed that some people followed the practice of creating #MyHiveGoals posts, I was even more pumped up and encouraged to continue doing it... Leading by example is probably one of the best "marketing" strategies that you can do... The only difference is that we aren't selling air with these posts, but motivating, inspiring, and encouraging others to do the same... To grow, to build, to create a better future...
Created in Canva.com
When I began with #MyHiveGoals, I had too many goals... I was accumulating almost a dozen tokens, and I have failed to reach some of the goals... I was SPREAD too much and I lost FOCUS... Also, I didn't have a REASON for every single token in my GOALS... It's crucial to have it, you have to KNOW WHY you are accumulating specific tokens... If you can't answer yourself on the question "WHY", maybe you shouldn't do it at all! It is a waste of time and energy... If the token doesn't have a future, dump it... Focus on the other one that has!
It's time to question another WHY! In this post, I will try to answer the question of WHY I accumulate these specific tokens...
It's time to go back to other numbers for #MyHiveGoals... In the beginning, let's check out HiveStats...
screenshot from hivestats.io
Why Hive Power?
I have answered this question many times in my posts and I think I did that last time when I was comparing it with HBD... I have many reasons for accumulating HivePower and will probably miss some of them...
- It is staked HIVE, which is a real cryptocurrency and not a stablecoin... It is volatile, but its strength shows the power of HIVE itself... So, if we are doing a good job as a community, its value will go up as people will appreciate the real values that we are promoting here... If not, we have to change, we have to adapt... and we are doing that through years by improving our chain... I believe in crypto, and I believe in the power of the community, that's why I believe in HIVE too!
- Hive Power is exactly what it says... It's POWER on this blockchain, it's a fuel of it, it's a battery, it's energy... When you have more HivePower, your governance vote is higher and you can influence more the way the chain will grow and in which direction will go...
- It helps you to grow your stake further, and what is even more important, it grows others too! If you have more HivePower, your upvote is more powerful and you can help your friends grow their stake too! With your friendly actions, you are creating a healthier environment...
- You can DELEGATE your HivePower and help other projects (or people) to grow! It is perfect as you don't have to SEND coins, but with delegation, you are in control all the time!
- etc. You get the point and I could write dozens and dozens of reasons more...
Just a few days ago, we had another #HivePUD and I did my traditional 1K power-up, so in total, I have accumulated 1473 HivePower in the last 14 days! This means around 235 tokens in a week (without the 1K) and it's in the weekly margins that I created for this goal!
Why LEO Power?
This is a bit harder question... While I was determined and convinced about the LEO token for some time, that has changed in the last couple of months... I know that HIVE isn't 100% decentralized (but it is going in the right direction), thing with HiveEngine tokens is clear... They aren't decentralized and the token creators have almost unlimited options for what they can do with the tokens... The LEO token isn't an exception from that and that's something that gives me a level of uncertainty...
But, let us focus on the PROs. The LEO community is huge and 7868 Hivians have at least 0.001 LEO tokens! I know that many aren't active, but still, that number is outstanding!
There is a lot of development inside the LEO tribe... LEO threads have been alive for some time and many people are using them... Also, the new LEO HIVE proposal has passed and it should create a positive impact on LEO and HIVE in general...
They have implemented changes regarding their curation account and they stopped with minting new tokens for paying dividends for delegations... It doesn't look like a big move, but it is, as distributed tokens are coming from the market and are re-distributed mostly to "diamond hands" and not to token sellers... Less liquid tokens in combination with regular demand = higher price...
In the last two weeks, I accumulated 112 LEO tokens and staked them ALL! It's not much and what I said as reasons doesn't mean that the price will shoot up exponentially... We can't ignore the current, crypto market situation and we could see some lower prices... I'm speculating on that and I'm ready to deploy some funds into LEO when/if the lower price comes...
GAMING GOALS - Flexible Goals
Why RS Cards?
Even for these "gaming goals" I have my reasons to accumulate them and/or invest in them...
Regarding the Rising Star game, one of the main reasons is that I want to support Hive musicians and I have met many of them on Hive, in Discord, and some of them in the "real-life" too! These things can't be measured with anything and they have no price... So, I don't pay attention to the price of the tokens in the game and I will continue playing the game until it exists!
I do accumulate cards to show by example and in that way, promote the game to others too... Maybe more people will support the game and more people will support our fellow musicians! They deserve our support!
In the last 14 days, I have accumulated 221 cards in total! That's a bit less than usual as the packs opening was disabled for 4-5 days and I was unable to open the packs... But, the good news is that I have put some STARBITS aside and will open more packs than usual in the next 7 days! 😃
Why GLX tokens?
I have to admit that this goal was much clearer at the beginning of this year than at these moments... Yes, we have a game now and we didn't have it back then, but some of the things from the Whitepaper are still waiting to be implemented... I do have my doubts, but I will not stop accumulating these tokens because of them... Doubts about tokens will always arise in bear markets and it's very difficult to ignore them... 😃 But, if you have DOUBTS just because of the price (in the bear market), you should ignore them and stay focused on your goal...
What I like regarding the GLX tokens is that the Splinterlands team took the best from their first game and implemented it in the tokenomics of GLX... All those years of developing Splinterlands are already in GLX, from the start... Is it perfect? No, it's not, but it is an advantage for sure...
Another answer to the question WHY is that we are in the EARLY phase of the GLX tokens distribution... And people who are longer in crypto know very well how important is to accumulate early! It's easier, it's cheaper, and it's COMPOUNDING!
I have reached my GLX tokens goal, but I think that the current price is undervalued, so I have decided to continue with my accumulation... In the last 2 weeks, I have added 4533 tokens to my stake, or around 2265 per week!
It's time to update the numbers and put them into the spreadsheet until the next week! So, freshly updated numbers for #MyHIVEGoals, on September 3rd, 2023 are:
These are my initial goals for 2023 created on January 15th, 2023:
Join me in this awesome #MyHiveGoals and let's grow together! It is fun, motivating, and will keep you focused!
Thank you for your time,
~ph~
PS. None of this is financial advice of any kind...
If you want to support my Hive-Engine witness node, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses... THANKS!
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
I feel the same about LEO, probably very undervalue atm, once Im done stacking my 10k Hive for this year then going for some LEO, as you mention HP can be use and benefit from it on the network, lot of utility and thats what I like the most so far 💪
HivePower is a no-brainer... It's the blood of the blockchain and it's the main tool for growth... Like every single thing about it... :)
Fantastic progress on your goals. Really great point about spreading yourself too thin.. although it can be fun to gather all these cool sounding named tokens, it can mean you may not reach many goals at all which can be demotivating. Better to prioritise and pick a top 3 or something. The bear market is throwing us a few carcuses, so it should be easy enough to do!
Those are some excellent why's. I think it always makes sense to review why we are collecting a token.
Thank you for the words of encouragement!
Yeah, it is fun to collect certain tokens, but sometimes, it doesn't have a point, especially if those tokens have no future... the good old saying... "chasing the fallen knife"... that's exactly when you buy tokens that are 100% hype and 0% tokenomics... :(
It's definitely a good thing to review why, but I'm probably doing it too often and overthink... lol... 😂
I looked at LEO and ALIVE price charts for 3 months. I also looked at the capitalization of both projects. I also saw that curatorial ALIVE is 22% per annum. And I bought 50k ALIVE.
ALIVE is a solid project with fair tokenomics... Not many tokens have that... ;) I do have some ALIVE tokens in the Dieselpool... ;)
You're right. A lot of people know that there's that unfair advantage to people who accumulate early and I agree when it comes to GLX. I feel that a lot of development might eventually happen to the game. While it's currently sitting ducks at the moment, I don't believe it's over for GLX
Yeah, it looks like it is dead, but I think they are just waiting for the right moment (healthier crypto markets) to launch the "main thing"... The same happens all around the cryptosphere... Everyone is scared to launch new things in the bear market, as the results could be much worse than in normal circumstances... I don't find that worrying or bad as I would do probably the same...
Quote of the day for me!
Great to see you back in the saddle.
Your HP is almost there goal wise!
Yes September is here, and that Leo DHF is supported, let's see what happens. One thing I don't see a big upturn in crypto anytime some, I am hedging on 2025 now. Ah well fun and games.
I kind of agree with you regarding crypto in the short term... But, I wouldn't discard the whole of 2024... Maybe we will not hit some ATH, but we could go up... and down more... 😃
That is the beauty of crypto, nobody knows what will happen, the ones that do don't broadcast it, they just scoop up profit after profit. So yes who knows what will happen, wars could stop and Hive zips to a dollar, or it could drop to 5 cents.
Who knows, one thing I do think is that numbers wise, the crypto verse has lost about the max number of users it will.
I think those are valid reasons and I like LEO because it keeps developing. The only issue is that things are slow and they hype things up way too early.
I agree with you about that... They are slow, hype too early, and sometimes, abandon old projects, which causes hate among investors... It happened with CUB and PolyCUB...
That's very important when accumulating tokens on Hive/HE, to ask yourself why are you doing it. If you can't find good reasons, perhaps it's time to stop doing it. You have found good reasons to accumulate each of them. While they were never my goals, I have a few HE tokens that I collected over time without looking for good reasons why. And now they are worth nothing and projects are dead.
Same here! I did that too and probably doing still as I'm lazy to sell some of those tokens...
Exactly that was the main reason for creating a post with this topic... I saw some #MyHiveGoals posts with people accumulating tokens that have no sense and no future... It's not that you have to be a genius to figure that out... Maybe it looks good to see numbers going up, but it is a waste of time...
I start to stake HP first to grow my account but today i delegate 90% of my own HP to a project on hive to show my support to that project (HivePakistan)
From the last week of August i start to be active on thread's and make some leo too as it's also worth to stake some Leo
But I'm not into gaming on Blockchain 😃
I don't want to play a smartass here, but delegating most of your HivePower isn't a smart thing... Especially if you want to grow as an author on HIVE... People do check their HP and appreciate more when individuals support other individuals... I wouldn't delegate more than 20-30% of my HivePower...
Of course, it's your decision and that's just my opinion...
Cheers!
Ohhhhh actually I see that people delegate most of their HP to other projects too that's why i did the same thing 😐 but yes maybe here i did a mistake...... Won't do in future
Thank you for guidance 😃
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I agree too. I feel that 100% delegation of one's HP isn't an entirely good move, because one needs to give back some level of what they're getting
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I am going to do the same, I will start posting about my hive goals when i will cross 1k HP.
Good luck with your goals!
As the situation in Pakistan will be fine here and I will get a job then I will also post about my goals here.
Why wait? Why not start right away? :)
Your hive goals in one way really motivate me
You should create yours and they will motivate you even more!
https://twitter.com/LovingGirlHive/status/1698435964895375377
https://twitter.com/jewellery_all/status/1698435912261341552?s=20
!BEER