I am so amazed at how much I've grown concerning crypto because a year and some months back I knew nothing about crypto and even the Hive blockchain.
Everything changed when I joined Hive and more to that my quest for knowledge about crypto began to increase.
To be in the know, I have joined countless spaces on X to be well acquainted with crypto, the terminologies and all I need to know as an amateur.
Some of the terminologies I learned were fiat, bull run, bear market, NFTs, stale coins, cold wallet, hot wallet, DeFi, mining, nodes and so on.
It takes a lot to invest in crypto which is why I have made a conscious effort to build my stake here on Hive. I ensured I tried to power up every month and at the slightest opportunity I got.
I chose to attempt this question;
The bull run may have finally come and just like the bear market, it will end at some point too. What are your plans regarding your stakes here on the blockchain? Have you ever thought about powering down during this bull season? At what price of HIVE would you be selling and would you buy back when the price goes down? Please share your plans.
Last year, I began the year with about 150 HP but today the story has changed as I have about 2k HP in my possession.
I have also bought Hive sometimes to power up and when I learned and heard about Hive I started to accumulate some Hive to sell during the bull run.
I believe one's Hive power is the key to unlocking special privileges here on the blockchain.
One who has a reasonable amount of Hive power can vote other people's content thereby being an asset to the ecosystem.
They also enjoy increased curation rewards and they have enough resource credit to carry out so many activities here on the chain amd they have the privilege to vote for Hive witnesses.
I see the Hive Power as an investment but some people power down for some reason, maybe because of financial constraints.
My Plans Regarding My Stakes.
I have set goals to hit the 3K HP before the year runs out and I am currently working on it, ways I do this is to ensure I curate quality content, make quality content too and then power up, sometimes I set my reward to 100% Hive power to boost my Hive power faster.
I do not have plans to power down anytime soon, so the goal is to keep accumulating. Although the bull run might be a good time to power down to maximise profit, one might want to take advantage of it and later buy some Hive when it dips to refill their Hive power.
If Hive ever reaches $4 per hive or above I will be willing to sell the Hives I bought when it was at $0.32 that will fetch me some cool cash as the profit is quite attractive and I currently have 100+ Hives, though it's not so much but it's better than not taking advantage of the bull run right? For now, the hive is currently at $0.39 and it's a good time to still buy to sell when the Hive skyrocket.
I would not be powering down at all during the bull run season for some reason, for now, I just want to keep holding since I am here for the long term. As for the Hive itself, I have accumulated I am willing to sell to maximize profit during the bull run and yes when the bull run is over and Hive drops again, I am willing to buy more Hives for the future.
This is my plan and response to the prompt by @ifarmgirl for the ladies of hive community.
The other images are screenshots of my account.
A𝖒𝖎𝖊,
ᵀʰᵉ ᵍⁱʳˡ ʷⁱᵗʰ ᵃ ᵇⁱᵍ ʰᵉᵃʳᵗ ❤
Posted Using InLeo Alpha
We can also invest our time in lieu of cash into crypto projects...
When to take profit is always the conundrum.
With respect to Hive it is a hard one to predict. Hive is not shiny and it is not new and so will not follow the massive pumps that can happen. But it won't fall drastically either...
Glad to see you are enjoying yourself.
Thank you so much for your positive feedback.💕💕
These are nice strategies you have mentioned in this post. Plus your growth on the block chain is very evident, cheers to you for that.
Thank you so much, I wish you the best too.
You have a good strategy Amy, I will advise that you keep buying hive with your hbd now from time to time. Let's say you saved up to 500 liquid hive now and hive moved to 2$, you will make cool cash and use it for something tangible you will always remember
!LADY
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LOHtokens.@nkemakonam89, you successfully shared 0.1000 LOH with @amiegeoffrey and you earned 0.1000 LOH as tips. (1/4 calls)
Use !LADY command to share LOH! More details available in this post.
Yeah, I am making plans to buy more, thanks for the advice.❤
Thank you, Amie for sharing your plans. It's good indeed to grow our HP to a certain level that we are satisfied with. Having some liquid HIVE is also a good way to take advantage of the pumps. I wish you the best in all that you do here on the blockchain and IRL.
!LADY
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LOHtokens.@ifarmgirl, you successfully shared 0.1000 LOH with @amiegeoffrey and you earned 0.1000 LOH as tips. (12/23 calls)
Use !LADY command to share LOH! More details available in this post.
Thank you so much for the best wishes.❤❤
Your plan sounds well thought out and focused on long-term growth. Accumulating Hive Power is indeed crucial for maximizing benefits within the blockchain ecosystem. Your strategy of setting goals, curating quality content, and powering up regularly demonstrates a proactive approach to building your stake. It's wise to consider selling some Hive during the bull run to capitalize on profits, while also keeping an eye on opportunities to buy back in when the price dips. Overall, your commitment to holding for the long term while strategically managing your stakes reflects a prudent investment mindset.
Yeah, staying focused on our goals is a good way to keep the Hive spirit. Thanks for visiting.
You are welcome
This is fascinating @amiegeoffrey . An interesting strategy. You are really doing great here. Thanks for sharing this awesome inspiring insight. Its motivating.
Thank you so much for coming around.❤❤
Thanks too for sharing the awesome inspiring publish. Best of the week.
You have grown a lot, keep hustling. Good luck...
Thanks a bunch.
@sagarkothari88 reward 0.05 HP
👏 Keep Up the good work on Hive ♦️ 👏
🙏 Don't forget to Support Back 🙏
Thanks
!LADY
View or trade
LOHtokens.@ladiesofhive, you successfully shared 0.1000 LOH with @amiegeoffrey and you earned 0.1000 LOH as tips. (3/30 calls)
Use !LADY command to share LOH! More details available in this post.
Thank you
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LOHtokens.@amiegeoffrey, You have received 1.0000 LOH for posting in Ladies of Hive. We believe that you should be rewarded for the time and effort spent in creating articles. The goal is to encourage token holders to accumulate and hodl LOH tokens over a long period of time.
Thank you.
Great @amiegeoffrey , I like to max my HP by setting my rewards to 100% HP beginning last year. I still have a base HBD I'd like to maintain. Our long termed goal is to grow HP!
Yes, our long-term goal is to grow our HP, I wish you the best on this Hive journey. Thank you for visiting.
These are good strategies mentioned in this post. Its growth in blockchain is also very evident. Congratulations.
Thank you for stopping by.