The best thing for one to do in this 'red' season of Hive is to gain enough HIVE Power, since it is very easy to earn a good amount of Hive and HP due to the dip, compared to how it was in the days when the price of Hive was relatively fair. Setting my post payment earnings to 100% Power Up is something I would have done, but life has not been smiling on me lately.
Growth strategies:
- Make a post every day:
This has been my routine for a long time, and even when posting on Hive has been discouraging due to the dip and low earnings, I have still maintained this streak. I am a strong believer in the idea that little drops of water make an ocean. I do not get discouraged easily as long as there are little cents coming in at the end of the day. The little cents I am earning, when saved consistently, can do great things for my financial life and my growth on this platform.
- 50/50 HP and Hive earnings:
For now, the pattern of earnings has changed from HP and HBD to HP and Hive. I am still using this pattern to save my HP and help me grow, while I keep the liquid Hive earnings for emergencies or to power up whenever I see a good opportunity to do so.
- Save up liquid earnings to trade:
Although things have not been rosy since the beginning of the year, my plan has been to save up all my liquid Hive earnings and convert them to HBD when the price of Hive eventually rises in the future. Since earning liquid Hive in a reasonable amount is now easier due to the dip, it presents a good opportunity to build something valuable when the price finally goes up. I am very confident that the price of Hive will rise above its current level before the end of the year, and if one can accumulate a good amount of Hive and hold it until then, it could lead to profitable trading. When things become stable for me, I will return to this plan and avoid touching my Hive earnings, using them strictly for trading when the market turns 'green' again.
For now, I am simply here, taking things easy, following the flow, and not putting myself under any pressure.
Thanks for reading.
This is my entry to Indiaunited contest
The Photo used is a screenshot from my account.