August HPUD and Monthly Results

It's Hive Power Up Day !

I've powered up 50 HIVE;

As well as making the obligatory HPUD post, I thought it would be interesting to make a few comments on my crypto performance over the last month.

On the upside, I was able to post every day on Hive, and got my first Hivebuzz Monthly Author badge. Nice !

With time pressures of work having been intense over the last few months, I haven't had much time to devote to crypto earnings outside Hive. I really should get more organised about it ! My total crypto earnings for the month look like this;

This was all based on the value of each coin or token as at around 11pm on 31st August. In July I made £87.05, of which £82.94 was from Hive but this reduces to £72.44 if I rebalance to the August month end prices.

Overall, crypto prices have dropped sharply across the board, and HIVE has been particularly affected. I believe floating of the idea of reducing the HBD interest rate may have contributed to this by damaging confidence in HIVE's stability. Problems with the Ecency image server may also have reduced the number of people posting and curating a little.

Despite the desperate optimism of some posters, I feel we are still in an extended bear market, which I believe is entirely down to price manipulation by Bitcoin institutional whales that feeds through to (and is amplified in) altcoins. The question in my mind is how low will they push prices to get private investors to give up and sell, and how many altcoins will be destroyed in the process.

The Tribe tokens I show in the table aren't all of the ones I've got, it's just the ones I'm interested in !

Something I'd say to creators of Tribe tokens is to have a long term plan. Far too many seem to start off well, and then over a period of several months drop to virtually nothing, which is a huge shame and I feel is a waste of potential for some awesome communities.

It is notable that the two which are doing well - LEO and EDS - are ones where the creators have built a strong community with multiple methods of generating earnings that can be used to both grow the token and create a respectable return for the community members. Each of the creators has an incredible ongoing commitment to their token and community, so it definitely isn't easy to do ! Also, each of them has achieved their growth in very different ways. I feel that success for anyone else doing this will come from creating new business models. Just trying to mirror what Hive account@eddie-earner and Leo have done wouldn't work. First mover advantage is a thing !

For the rest of the year, I'm aiming to optimise returns on what I've already invested into crypto. I don't expect to have as much fiat for investments, but hope to be able to resume investing once I've covered off a few "real life" expenses and crypto prices find their bottom.

So that's an overview of what August has looked like for me. How was your month ?