It's the first Saturday of the month - time for my weekly #SaturdaySavers update !
Also, we're almost exactly two thirds of the way through the year, and on the cusp of autumn, which makes it a good time to review progress so far.
Image by Nanne Tiggelman from Pixabay
As normal, I'll start with my table of progress for the week;
Overview of the Week
This has been a week of extremes.
On the one hand, we've had the kerfuffle of the HBD interest rate discussion, as well as yet another dip in crypto prices which appears to have affected HIVE more than any of the other coins and tokens I hold. It has also been a full moon, which (without any scientific evidence whatsoever) I find causes me problems at work as all the strangest people emerge from the woodwork to create issues.
But on the upside, I've had two nice personal wins. The first was collecting my first Hivebuzz Monthly Author badge for making a post every day of the month. It was a struggle ! I know I won't do it in September as I have a couple of days when I'm away and won't be able to get online. But it's nice to know I can do it at least once.
The other nice one was that it's the first time I've managed to get over 20HBD in monthly interest on HBD savings. If I can do this every month, it'll start making a dent towards my goal of having a HIVE portfolio that's worth more than the fiat I've invested in HIVE.
The Year Reviewed At Two Thirds Through
Overall, I'm happy that I'm still on track with all my goals, especially after revising them upwards at the end of the first quarter. I don't see a need to revise them further, although it's going to be a bit squeaky-tight with HBD !
The trend I'm seeing in crypto at present is one of continuous gradual price decline. I'm sure it'll bottom out at some point, but I have a feeling it'll be a very long time indeed (years, possibly a decade) before we get back into consistent growth. I believe that'll happen when crypto has enough good use cases that legacy finance whales no longer want to depress prices to prop up investment in their stocks and banking portfolios.
In the meantime, my goal is to avoid investing more for now (I cna't afford it !) and to earn enough that the crypto earnings outrun the ongoing gradual crypto price decreases. Hive is definitely the best chance to do that ! More importantly, it's a nice social platform, so even if my earnings are devalued by outside events, it's fun to post here and just stack up the earnings as long term savings hopeful that eventually the price will go back up.
Other Hive Opportunities
I'm starting to look around at other opportunities within Hive. It's such a huge ecosystem it's hard to know where to start !
Games are a possibility, but I'm aware that time constraints are one of the biggest pressures I face so it needs to be something simple enough to grasp quickly, and which can be played on a causal basis for a few minutes here or there rather than requiring big chunks of time or having to log in every few hours.
Another option is that of running a node. As far as I can see, there are three possibilities here. Running a Hive node (probably the Lite version), running a Hive-Engine node, or running a 3Spk Proof of Access node.
It's hard to find information on what each can earn (if anything), and how memory/resource intensive each would be, but I'm thinking of using an old-ish but fairly high-spec PC for it. To be honest, it's more about covering most of the cost of electricity and giving something back to the community, but getting some earnings would be nice, too ! I must admit, the other option for that PC would be to set it mining some Monero instead.....
So, what do you think ? Are there other opportunities within the Hive ecosystem that I should consider ? I'm ideally looking for something which isn't too time consuming once I've set it up and educated myself !
So that was my week; how was yours ?