People tell me everyone day that I should not be in Crypto. I ask them why. They tell me that it is just a fad and that there are so many people that have lost their life savings trying to get rich in crypto.
I share with them that I am not in it to get rich quickly which most of these people that lose their life savings are trying to do. I believe that the blockchain technology will replace most of the older technology and that I want to understand it beforehand.
I consider crypto as a new asset class which is one that is still discovering it's place in the investment world. To truly be diversified in your investment, you must own some crypto.
They then ask me why I do not just buy some of the top 10 crypto currencies instead of Hive. At that I share my belief about centralization vs decentralized platforms and that the Hive Platform is one of the few truly decentralized platforms. This blows their mind that I have researched crypto to that extent because they thought that crypto was crypto and that they were basically all the same.
To that comment, I ask them if they believe any stock is just like any other one. Is Apple or Amazon the same as Exxon or Bank of America? Then I throw in a name of a small stock that they have never heard about. Their reply is that "NO" all stocks are not the same and that some of the big ones do not have solid fundamentals to consider holding for the long term.
I reply that Crypto is very similar to Stocks in this manner. You must research them yourself to understand which are better for you to invest in for your long term holdings. I have chosen the Hive Platform with Hive, HBD and its 2nd layer as my long term crypto investment option.
What do you think of my choice?
Hive Target
I am targeting 2,500 Hive Power by the end of the year. I know it will be a stretch but I don't want to settle for a small achievable goal which would not push me thus I want a goal that makes me work for it.
I currently have 1395 HP, up 24 from last week. I powered up a small amount from other funds. I still want to push toward the 2,500 by year end. So I will need to add funds on a weekly basis to try to hit that target by year end.
I know it will be very difficult to get to my goal by end of year but I will stay active and not stop trying because I am not where I want to be just yet.
Author and Curation Rewards
This week, my 7 day Author rewards took a big jump to 36.95 from 14.57 last week. A complete turn around from the prior week. Since I have no control over the value of the votes I receive, the value received from author rewards can fluctuate greatly.
This past week was a perfect example of how much it fluctuates and this time in a good way. I just thankful of the support that I have received from the Hive community during this bear market/crypto winter.
The main thing is for me to consistently create content on a daily basis. I can not control the value of those that vote for me but I can control my content creation timing and quality. I want to continue doing this so that I can get closer to my goals. My 30 day Author rewards took a slight hit dropping to 116.38 from 120.01.
My 7 day curation rewards increased to 1.97 from 1.72 last week. I have been working to have less of my curation in the dust threshold range, I am hoping the small amounts I power up each week will assist with that.
Hive Account Growth
Pushing my weekly hive account growth is important as Hive is the basis for my voting value. Without a solid Hive balance, I would not have the ability to vote very much on the 2nd layer Hive Engine communities.
Hive Curation
Slowly but steadily, My Hive curation APR is increasing from 7.28% to 8.16% this week. I finally made it back to the APR range that I have been targeting. My target is to have my curation APR between 8 and 10%.
This next week will show me if I have been successful in stabilizing my APR in that range. I believe if my Hive balance was larger there would be less dust and I should be able to have a curation rate between my target range.
Hive Engine Tokens
Since my focus these past weeks have been on my Hive balance and curation, I have not been paying to much attention to my Hive Engine Token holdings. However I do believe that the stronger I get my Hive balance, it will help support my Hive Engine holdings.
I am considering adding to my Hive Engine tokens to ensure that I make my year end targets however before I start doing that I want my Hive balance to be closer to the target I have set for it. I know I still have a ways to my goals. The tokens that I have chosen have several use cases that are important to me.
Here are my targets and progress for each of the specific tokens I have created a 2022 goal.
CTP - 25,000 - current holding 16,313 (removed 2000 delegation-in)
65.2% of Goal
Alive - 20,000 - current holding 14,629
73.1% of Goal
OneUp - 20,000 - current holding 6,767
33.8% of Goal
LEO - 1,000 - current holding 325
32.5% of Goal
EVER FORWARD!!!