The Orca / Bitcoin challenge. Month four. Broke past 40k HP and growing.

in LeoFinance4 years ago

I started off the journey from the 1st June 2020 and my full goal is to own 1 Bitcoin and 50K Hive.



https://peakd.com/hive-174578/@niallon11/new-plan-for-the-next-18-months-or-the-01-01-22-1-bitcoin-and-50k-hive

This is actually my favorite post to do every month as it is a sign of the progress that can be made through daily activity and building a following on hive. I started doing these three years ago when I tried to build my first 100SP and took about three months to get there.

When I started this latest challenge on the 1st of June it was sitting on 20,000SP which is by no means a small amount but through sales of other investments and some handy gains from selling STEEM and BLURT I managed to make some big jumps up to 36,500SP in just three months. Not a bad result at all and it will keep going long after I have sold my other tokens as my curation rewards increase over time from staking.

I am committed to powering up everything that i can earn to fulfill this mission and grow my account, including hive bought after other online activities.

I am a couple of days earlier than usual for this post but got a bit excited after breaking the 40k mark and also needed a reason to post since i broke my streak and find it very hard to get going again.



Account Growth


August 2020





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September 2020





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I actually managed to power up 3,400 HP this month which seems strange. I had a great start to the month but haven't done much in the past two weeks as life got in the way. It's been a crazy time at work and home which has gotten in the way of being active.

What i did do at the very start of the month was bought a lot of $LEO about 20 mins after they announced the launch of wrapped LEO. At that time liquidity on the market was so small that myself and one other person bumped the price almost 100% in a few minutes and it kept going from there. I managed to double my investment over two days while still holding some of the LEO for myself. Not a bad start and the reason that I had such a good month. That and the fact that I sold a good bit of DEC that was sitting in my account bumped up the numbers nicely.

I am fully out of STEEM by now and just have a small bit of BLURT left to sell but that has netted me a nice 50 HIVE every week since i started powering down.


Account Activity




August 2020





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September 2020





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I'm really disappointed in my earnings from posting this month as I totally fell away from writing this month after having a few great months. Life was just very busy but when i broke my concentration it has been very hard to get it back. I did have one big post at the start of the month but for me its far more important to be doing it consistently and be active on the chain.

Most of those days are from @actifit but I want to do a lot more and cut out the excuses. From writing every day it has been a week since my last post.This is where i have really fell down and will do a lot better for October.



August 2020






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September 2020






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Targets.


Hive Power.


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Bitcoin.


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I have made one slight adjustment to my plan for attaining Orca and Bitcoin status which is a deviation away from not buying anything with fiat.

While I will still be aiming to earn all of my hive from writing or from selling other crypto. With Bitcoin I have set up a recurring buy of $50 a week on my crypto.com account. I just feel that it will be a good investment over the next couple of years and want to dollar cost into it and get there faster. With the way things are going it could shoot up at any time and if i waited to hit Orca first and then started buying I might lose out at these prices. Even if it drops from here I will keep the buy going and hold for the future so I see it as a win win.

At this rate I should hit the 50K by xmas which will give me a good chance to start pushing towards one bitcoin. Hopefully the price of HIVE will increase by then and it will make things a lot easier.

I might have to add a $LEO section to this post next and try to get dolphin status on the list. At the rate they are building it wouldn't be a bad move.

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I love seeing your monthly updates @niallon11, not only is it an interesting read but it inspires me and shows where I could potentially be in 2/3 years time if I keep this up.

I would love to invest in bitcoin as well... but unfortunately I have no money spare to do it at the moment.

As far as writing goes, you know full well that you need to be consistent... (hell, it was you who told me that in the first place!)

I find the hardest bit of writing is getting the first sentence down onto paper. Part of that is not knowing what to write about. This post by revisesociology really helped me understand the benefits of setting up a blogging schedule. I picked a different 'theme' for each day of the week so it keeps it varied, and if I get stuck I just look at the calendar.

What day is it today?

Wednesday? oh well that's when I enter the #monomad competition.
Sunday? well that's the weekly review, where I waffle about anything that has happened in the previous 7 days.

As far as writing goes, you know full well that you need to be consistent... (hell, it was you who told me that in the first place!)

I know. I feel terrible about letting it slip. It's too easy to let it fall away when life gets busy and very tough to get going again. Made my post for today though and will try to get back some more activity during the week.

A schedule might be a good idea and try to post a sport, a leo, a splinterlands and a few daily posts every week. I'll think about it a bit more. Thanks for the encouragement and the slap on the wrist. 😀

I know that you will be posting about these amounts in a year or two as well. I've seen your updates and they are just as good to read and far ahead of where i was at that stage. Just keep going and keep interacting and you will get there in no time.

I know. I feel terrible about letting it slip.

No.

Do not put yourself under any unnecessary pressure. Being successful on HIVE requires a bit of work, but it should at least be vaguely enjoyable.

A schedule helps to keep me focused and also stops me getting bored. I only write about my 'topics' once a week, which means I usually have something interesting to say. 😉

(I also don't worry about word count. If I get to 430 words and the post is finished, then its published. Aiming for 500 words each time could be more unnecessary pressure...)

The BLURT and STEEM airdrop sure does help doesn't it? If you have LEO now you could also make some profits and build up that HIVE account. I think that as the price keeps dropping if you're doing all posts at 100% power up you can close the gap faster which is what I am trying to do, I don't want HBD, set comments and posts to 100% and watch how it starts to eat away

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The airdrops have been great. I would never have gotten this far without them. Even blurt was a bit higher this week and i made 70 HIVE from my weekly powerdown. Still have four to go so it will help again.

I'm going to try and post through leo a bit more and get those extra tokens. At 1:1 it should be possible to earn an extra couple of hundred leo this month and convert to hive. It could be a handy way to speed up growth since my STEEM is fully gone. Everything is getting power up this month and every month until i hit the 50K

100% is the way to go.

Good call I am interested to see how it all works out for you I kind of did the opposite and left the stake on steem and delegated it and getting 4 steem per day doing nothing and I’m just piling it up as a war chest to do some market making later

As for BLURT the sell price doesn’t interest me so I just left it to compound looking for a project to delegate to they said only when it hits 15 cents will their be a dlease for it so I am okay to wait hopes they do get somewhere

I don’t think we’ll be sorry and with BTC as it rises it brings up all things pegged to it eventually so I still stack my Sats in my legder too

That 3400 HP was a nice bump... My goal is half of your current... 20K HP at the end of the year... getting around 1K HP every month from all stuff on the chain... curating, creating, and gaming... So, you should get to your 50K with double HP... ;)

Good luck!

Thanks it was a nice bump for the month from a few initiatives and a bit of gaming. Your earning quite nicely as well and should fly up to 20k. It only gets faster the further you get and build a nice following.

I'll do my best to get there but the next step after that is to chase 100. It doesn't end. 😂

I'll do my best to get there but the next step after that is to chase 100. It doesn't end. 😂

Heheeh... I hear you there... And WE all are saying that we will start to cashout after XX HP, and that never happens.. just keep on powering up... hahahaha

Nice Progress and good move on the LEO, it's where it's at ATM, although DEC is doing pretty damn well recently too!

I might have to look into recurring payments on BTC myself, I quite like that idea!

I'm getting to the stage now where I'm thinking of selling 10% of what I earn, just to skim something off.

The question I'm asking myself is this: now I've got 50K Hive Powered Up (near enough) why would I want anymore?!?

I mean compared to LEO or DEC... they just seem so much more... dynamic!

I need to up my splinterlands game. Cashed in 100k for 300 HIVE this month which is good but my power is going to waste most days. I just about log in to do my quest every day and that is it. It could be earning me a lot more if i set it up properly. Or get playing more on the mobile to keep adding it up. At about 60DEC a win it adds up fairly fast.

I will keep adding to my HIVE rather than the other tokens for now as they will all filter value back to the main one in my opinion. Having a big HIVE stack makes it easier to earn any of the other tokens and it can be moved in and out of everything else. After 50k i might start to branch out a bit and and move some funds but it will only be a small amount as i push for more HIVE. You might be onto something with the 10% and back a few of the more interesting projects out there.

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I'm looking forward to land on Splinterlands, I'm hoping once crafting gets added in that'll be more interesting - I think i'll find it more fun to craft and sell rather than to play.

These new changes have made the game a bit shit TBH - now you just get maxed decks lurking around Diamond because they can't compete in Champions where they should be!

I don't know what they are thinking by allowing you to pick what level you want to play at. That part makes no sense. Surely the strength of your deck should determine where you are playing at. If you have over 500k power and keep winning then you keep moving up. If you want to try and place in diamond you should have to trim it down. The whole point of leagues was to try and balance out the rewards but i am seeing all of the top players who can't break top 50 hanging down for extra packs.

I think it does need auto level up like it was before!

Sounds like we're trying to do exactly the same thing and @chekohler too.

I managed to hit the 1 BTC mark with all the STEEM powerdowns and have continued to DCA over the last 18 months with it. I've then added to my HIVE stake with what was left over on the STEEM powerdown, along with BLURT, got an extra 220 HIVE this week and have a couple more powerdowns to go, then I reckon I should be there. Although Orca is about 51,800 HP now so just getting to 50k HP won't get you the badge!

I don't do much on LEO as my content isn't really investment related but it's going great guns so hope you can make the most of that too!

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Although Orca is about 51,800 HP now so just getting to 50k HP won't get you the badge!

I'll get that badge some day!!!
50 just sounds better. 😀

1 bitcoin is sweet. That could be something massive one day. Plus it will be nice in ten years to say that you own a whole bitcoin. Something rare and special.

There are lots of ways to earn in this eco-system so i'll try to keep adding extra from different angles to help me along the way. LEO is flying it right now and could keep going.

I just worked it out and it's currently 51,933 HP to get to Orca (100 million vests) which is suddenly a little bit more than I thought... damn! Guess we'll have to post more to try and get there for the end of the year! I do agree though, 50k does sound better but you're basically still a very well fed dolphin at that amount haha!

If it's possible to lease out BTC like we can with HIVE for a return then that would be pretty ace, I'm looking at some of the sites that @chekohler mentioned previously but accumulating what I can atm!

Yeah may have to start looking at some of these games as well to earn HIVE with but we'll see. I only know Leo is a place to post about crypto and financial related topics but have seen a bit of buzz around what's going on atm, which is great to hear about!

I have the same goals and should sell some of my stock portfolio. Loosing 1K there per trade would go much farther here.

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Ido find that over time you can really notice you HP building up very fast. It's great when you keep track of it to see how much you are actually earning around here. I know at these prices it won't go too far but I still earned $60 just from writing and voting this month. That's more than anywhere else never mind if we get back to $1 Hive some day and it will look really nice.

I'm going to keep building up the account anyway as there is lots going on here to look forward to and hope for a big future. It's much more fun than watching the stock markets.

Yeah I’m getting sick of the markets and the apr from hive is just too juicy. I’m thinking about moving some of my dividend stocks to hive

No better time than now. At these prices it's hard not to buy any more myself. I would love to break out and pick up another 50K from the markets.

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Not bad dude! Hopefully you get to 50k before the year, but as you said, you should be able to :D

I seriously need to get in on dollar-cost into BTC or something!

I'll make the 50k at tis rate. It's looking very doable. That just leaves the bitcoin part for next year and trying to keep growing. It should be fun.

Perfect!

No stress right? :D

I will be focusing on dollar-cost average into Celsius Network and get dividends from that, thats my plan :p