This is my second report post in the #finweek category, where I write weekly updates on my progress in increasing HP.
Numbers
Previous value — 3,540 HP
Current value — 3,553 HP
Result for the week — 13 HP
Goal by the end of the year — 4,000 HP
Remaining to reach the goal — 447 HP
Average weekly HP increase — 13 HP
What has been done
- This week, I wrote and published 3 articles, with payouts expected next week.
- There are also a few unfinished drafts still in progress.
- Today, the cancellation of test delegations was completed, with a 5-day waiting period (I did not vote this week as part of the test). Immediately after completion, all 3500 HP will be delegated to Ecency. Only about 50 HP will remain in balance, which is quite disappointing and makes personal post curation impossible. Next week, there will be no curation rewards, only article payouts, and the situation is unlikely to change significantly in the coming weeks.
What I plan to do
- From the delegation payouts (theoretically 0.8-0.9 HIVE daily), I plan to create a separate fund for trading HIVE/HBD on the internal market. The amounts will be small, but in theory, it could help offset the inability to curate posts personally.
- Additionally, I will receive around 350 Ecency points daily from the delegations, which can be used to promote my posts on the interface. This, in theory, should increase post reach. Again, if I publish three articles per week, there will be more than enough points.
- Next week, I plan to publish at least one long article, which I believe will be interesting, on the topic of Hive sociology. This will be my first attempt at publishing a lengthy article. I'm afraid it might not get noticed, and the effort might go to waste. Honestly, writing long articles isn't difficult (when the topic is engaging), but editing and rereading them multiple times before publishing is a bit tedious.
- Before the next delegation, I plan to increase my HP to at least 1,000 before deciding on my next HP strategy (delegation or personal curation).
That's basically it. The current price of HIVE is quite interesting. I'm not saying this because I hold the coin and have a personal interest, but purely from a technical standpoint. Right now, the price is at the lower boundary of the accumulation channel that formed at the end of 2022. In other words, the coin has been in accumulation for over 2 years. There has already been capitulation of weak hands, when the price was pushed below the accumulation channel, specifically to 0.16 cents, and it was held there for some time. There is potential for growth, and it’s quite substantial (just keep this between us, let it be our little secret). This is not financial advice, make your own decisions, I’m just sharing my thoughts and a bit about my plans.
HIVE/USDT
In future reports, I will add metrics based on statistics, such as the average number per week, which can be used to set new goals and adjust plans. I think that next year these reports will be better structured and contain more information. I will also try to come up with additional content for this section to create added value for it.
Previous reports:
Financial Week 1 — Starting Point: 3,540 HP