Well, November was certainly an eventful month and gave Bitcoin the boost it needed to reach new All Time Highs - culminating today with Bitcoin breaking through the $100,000 ceiling to mark its first ever six figure ATH!
Towards the end of last month I took advantage of Bitcoin's rise to a then new ATH of around $73,000 to convert 0.01 BTC into HIVE so that I could hit my 2024 target of 7,000 Hive Power and grow from a minnow into a dolphin!
It was the biggest jump in my personal Hive Power in a single month ever - I added 3,159 HP to my account in November. Some of that came from content creation and curation, some from delegations, but the bulk of it was thanks to Bitcoin hitting a new All Time High, which is my condition for sending up to 1% of a Bitcoin across to Hive.
Here's a look at the state of play on 1st December 2024:
| Crypto Asset | 1st January | 1st April | 1st July | 1st November | 1st December | 2024 Target |
|---|---|---|---|---|---|---|
| HIVE Power | 3,438 | 3,553 | 3,678 | 3,882 | 7,041 | 7,000 |
| HBD | 1,346 | 2,142 | 3,070 | 3,276 | 3,706 | 7,500 |
| Staked SPS | 6,449 | 8,669 | 10,357 | 15,006 | 15,275 | 15,000 |
| CTPSB | 252 | 275 | 276 | 278 | 532 | 750 |
| LEN | 1,234 | 1,477 | 965 | 646 | 874 | 3,500 |
| Staked LEO | 1,518 | 2,273 | 2,282 | 2300 | 3,503 | 3,500 |
| BBH | 1,046 | 8,088 | 8,912 | 10,011 | 10,144 | 10,000 |
Staked LEO 2024 Target Also Hit
Having hit my Hive Power target, I converted my remaining liquid Hive into SwapHive and used it to buy enough LEO to hit my 2024 target of 3,500 staked tokens. I'm not very active on the InLeo front-end and I haven't done much microblogging on Leo Threads either, but I believe in the potential of the LEO token, and I want to support the project as the LEO team are doing a great job of raising the profile of our blockchain - such as their recent hookup with Dash:
https://www.dash.org/news/dash-partners-with-inleo/
Sudden Progress With CTPSB!
I was also able to buy a bunch of CTPSB to almost double my holdings and get me within shouting distance of my 2024 target...
Moving Forward With LEN Again
Now that I have hit my Splinterlands target (see last my October progress report: @hirohurl/my-october-crypto-report-two-2nd-tier-token-targets-hit-hjy ) I have stopped selling liquid LEN and have started accumulating it again, and tipping into the LEN/LENM liquidity pool.
In addition, having hit my HP and LEO targets, I am sending any liquid Hive I get across to Hive-Engine to buy more LEN. I doubt that that will be enough on its own to hit my 3,500 LEN target, but it might be enough to get my total above the April high point of 1,477 LEN.
Hive Backed Dollar
I was able to grow my HBD holdings by 430 HBD in November. About 10% of that growth came from the monthly interest, about 1-2% from curation earnings, and the rest from BTC.
Will I Hit My Remaining 2024 Targets In The Next 27 Days?
It is very unlikely that I will hit all of the remaining targets unless Bitcoin goes absolutely crazy and hits something like $150,000 in the next 3 weeks or so...
Even then, I'd need to send 0.03BTC across to Hive to buy 3,800 HBD to hit my 7,500 HBD target. After that, I'd tip the surplus into CTPSB and LEN to hit those targets.
However, I'm not too worried about hitting my remaining targets this year because the way I calculate when to top up my Hive holdings with BTC has changed - I only do so when BTC hits a new All Time High. Sure, that has already happened in December, but I think there is much more upside to come in 2025, so I don't mind holding off on my 2024 targets...
Mind you, I'm looking forward to setting some exciting new targets for 2025!
Cheers!
David Hurley
#InspiredFocus