11 cent Hive is great, it is making growing and accumulating easy at the moment. Over the last couple of weeks, I've swapped over and started powering up HIVE.
Diversification.
It feels weird to be saying that I'm adding HIVE power to improve my diversification. Fact is that I've completely neglected growing my HIVE power over the last 6 months. Hive engine tokens and non-hive investments have been the priority, and that has been working well for me. But now I'm in a situation where HIVE is actually a fairly small component of my crypto, and it needs to be bigger. Since my recent power ups I've crossed over 10,000 HP, but the value of my Hive Engine tokens is closer to 50,000. Granted, a lot of this is LEO, but still I am feeling the need to bring that back to balance.
Growth.
I remember a couple of years ago, as a fairly new STEEM user, how hard it was to earn STEEM and grow. It seemed to take forever to go from 100 SP to 500, and hit that milestone. Nowadays, after 2 years of grind, and building a range of income and growth assets, I can add 500 HP each week at current prices. That is quite a mindshift, and while I know that everyone is in a different situation, It almost feels insulting to the platform where I have gained all my crypto knowledge, and eventually confidence to branch out and get involved in other chains, to not keep growing my account.
Keep the faith.
There seems to be a view around the place that HIVE doesn't have the growth prospects that many of us believed it had. I can see that point, but I still see hope. But growth will be different. HIVE is being less used for "stake and earn" and many new use cases are coming along. Games are a growing thing on the platform, and the recent addition of the NFT markets has seen a new use case develop. HIVE is becoming more of a transaction based token, and less of a "stake and earn" token. I see this trend continuing, but the "stake to earn" model is still valid. I think it will shift more towards "stake and delegate to earn" as the influence of apps built on top grows, and if HIVE governance decides to shift the P.O.B. rewards to a layer 2 solution (or an SMT type setup) then HIVE's role in the eco-system changes.
Crypto sentiment can turn.
The recent DeFi bubble shows that if a good idea takes off, It can gain huge momentum quickly. HIVE is highly scale-able and ready (once the glitchiness of the last HF is sorted) to handle an influx of new users. If more Apps develop and target ambitious growth like LEO and Splinterlands, HIVE can quickly regain relevance and awareness in the wider crypto community. One success story like LEO is great, when we have 5 or 10 different apps and businesses all taking HIVE out to where the audience is, the price of HIVE can turn on a dime and the current downtrend will turn into an uptrend. An increasing price has a snowball effect, with growth feeding into more growth.
So how much have I HPUD'd
Today (the actual HPUD day - not a lot really, around 125 HP. But over the last 4 days, I have added over 3000 HP. 3033.651 to be precise:
This has been a 30+% increase in my HP over the last 4 days.
Future goals.
- 15,000 HP by the next HPUD (Dec 1)
- 20,000 HP by the end of the year.
- 50,000 HP by July 2021.
Acheivable? who knows really, but I'll give it a go.
Thanks for reading, keep the faith everyone.
JK.
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I agree with you completely @jk5276. It is a mistake to overlook HIVE. There is a lot going on which you aptly pointed out. I find it humorous how some talk about Hive being great technology yet crap all over the token. The two cannot be separated out. It is true that HIVE is not an asset based cryptocurrency like Bitcoin, hence why development and building is so important.
It is best to remember, not too long ago, people were overlooking LEO. I was buying all the way down to .025 HIVE when people were dumping on it. Suddenly, a light went off for people, and the token price started moving.
Why was LEO garbage only a few months ago and today it is the best thing on Hive and one of the best in crypto?
Funny how quickly things can change after being in the mud for more than a year.
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100%. Now feels like a good time to stop neglecting HP. Plenty can change in the blink of an eye.
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3000 HP in 4 days is obviously awesome! You said that you can add 500 HP each week at these prices though, so I can't really see how you would manage to reach your goals in time. But what do I know, perhaps you'll power up another 3K in 4 days. :D
However, it's great to have goals and I wish you the best of luck striving for them. I personally have no goal when it comes to Hive at this point, but I'll try to reach 3K LEO by the end of this year. Only ~650 LEO to go.
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They are stretch targets, so we will see. Plenty around that could divert my focus.
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I think that is cake walk for you.
Knowing what you are capable of.
!BEER
to your goal.
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Thanks mate, they are definitely achievable goals if I don't change directions again. WLEO V2 will test whether I can hit those goals, while achieving my wleo goals also. That will become a big priority, so hitting these HP targets may be challenging.
Some !beer for you too (if I can lol)
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Congratulations :) great targets to have and, if prices stay the same (or even lower), very achievable. I enjoy checking out the balances between HIVE and HE tokens, it's good practice for building a portfolio and it can be done at comparatively low risk from internal earnings.
I don't really get the naysayers (or the one-true-wayers), there's so much to learn and experiment with.
Is this a view that is based on Hive as blogging or social media? Lots of us haven't had this view for a very long time: it's a very narrow view of the potential of the technology and there are other things that it is going to make possible that we haven't even imagined yet - can't even imagine yet.
I like the outcome of what's happened over the past year - a major structural problem has been resolved and HF24 is further setting the foundations for the future. Still lots of things to sort out, of course, it was a major change. I like, as well, that it reduces the costs of running nodes, that's a big step forward.
Hmm, almost a post. I might write one later :)
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Yah, I remember grinding it to get up to 100 Steem and it taking forever. I started buying when the price dipped to $1.40ish by summer 2018. I have faith in Hive and what it offers and see that we're just waiting for the right time to take off. I've also seen a lot of posts reminding readers what a bargain Hive is atm and I'm going to see what I can do about buying some more too. ATM just going blurt > swaphive > leo but I have a binance a/c which I might return to and get some more Hive.
Nice one JK :D
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i stopped buying Hive when I crossed the 50K mark. But these prices...I don't know...Might reconsider after all.
Good to see people having faith in Hive...we need more of this
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View or trade
BEER.Hey @jk6276, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Congratulations @jk6276! You received a personal badge!
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
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Good to see you introduce a new coin of Hive
and i am totally agree to you
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