HIVE Power Up Day - August1st 2022 : My 8th POWERUP! ⚡🔋⚡🔋⚡🔋 HBD to $3 and HIVE to $1 🤑 Huge Pumps in the past week 📈.
HELLO August 2022!
Another month in this year has gone by in a flash! I've only joined HIVE for about 9 months and I'm still learning so many new things everyday! I first heard of Hive Power Up Day 8 months ago and all its other acronyms (PUD, PUM, PUH 😂 what a mouthful) and I'm into my 8th month of participation in HPUD now!
- 7 consecutive months getting the monthly author badge now 📅🥳 (at least 1 post everyday!)
- And yet another PUM badge achieved for the past month too!
Ever since I started with the HPUM initiative in 2022, I've managed to faithfully make one blog post everyday and have somehow missed ONLY the Hive Power Up Month award for March (might have forgot to set some posts to 100% Hive Power 😱😭💔). I've managed to make it successfully for all the following months since then! 🥳💯
Another successful month of making at least ONE post a day with 100% to HIVE powered up (or adding 1 HIVE powered up if I'm a klutz and forget to set the post payout from it's default 50/50 😵). 🥳🥳🥳
This makes it 7 out of 8 months since I discovered and started on my quest of HPUM-ing this year 😜. I still intend to continue on with this really good habit anyway 👍🏻👍🏻👍🏻 so lets hope I make it again for the month of August 😁.
Blogging regularly and having the HPUM to incentivize me has other tangible benefits too! I've seen my Hive Power grow quite a fair bit. This seems like a good practice which I intend to continue keeping up with!
🏁How it All Started🏁
I came onto the Hive blockchain trying to set up an account for SPLINTERLANDS. Prior to this, I had just about ZERO knowledge and experience with any Blockchain. It was pretty confusing to me as a complete novice - much different from how the usual process of setting up an account to play any game goes. 😵
This led to me googling around, and of course, I stumbled onto all the Hive blogs with their guides. One thing lead to another and I somehow stumbled upon the guys from 🍕Hive.Pizza🍕 who were extremely helpful in answering all my queries and guiding me along. Shoutout to all PIZZA members. JOIN THEIR DISCORD if you need any help!
⚡️HIVE POWER UP DAY⚡️
In my VERY FIRST month before before I ever heard about Hive Power Up Day/Month, I was at just 47HP 😭 (Before Jan 1st 2022).
This month, before I've even powered up anything at all, I'm already at 1447HP! 🎉🎉🎉
That's how much the past few months of consistent blogging on HIVE with 100% allocated to Hive Power improved my HIVE account!
And NOW... AND its POWERUP time! ⚡️💪 (1st August 2022)
Once again, I only have enough HIVE set aside for a 10HP powerup, but I'm sure with my continued efforts to blog with 100% powered up to HIVE, I will be able to grow my Hive Power even more! 🤑
Unfortunately, all my accumulated HIVE that was meant for powering up has been "siphoned" away when HIVE suddenly went on an amazing pump to $0.90+ earlier today 🤣. I couldn't let slip this opportunity to (hopefully) make more HIVE.
Using https://hivestats.io/ , I was able to pull out a chart showing my daily account growth for the past month too. Great to see that orange graph head upwards continually 📈😄! If only my stocks portfolio and the price of HIVE looked like that too 😂🤑.
As you can see, blogging on HIVE is the main reason for this growth, with the majority of my author rewards being channeled into my Hive Power AND with no power downs at all. (All thanks to my attempt to chase for the Hive Power Up Month badge 😜) The growing Hive Power accumulated also has the other effect of increasing my Curation Rewards. 🤑🤑🤑
Therefore, to anyone who is doubtful about the benefits of regular blogging and remaining invested in HIVE, I implore you to take a look at my stats and draw your own conclusions. 😊📈👍🏻
📈💎🙌My Long-Term Plan📈💎🙌
Now clearly, I wouldn't just spend such an amount on just being able to write and reply in a community. HIVE as a token also has significant value and growth potential. This is the price chart for HIVE since it's inception. As all the HIVE regulars know, HIVE reached its ALL TIME HIGH earlier on in November 2021 at about $3.
Well, it had been bearish news with doom and gloom for much of the past month, just as in the previous 2 months since Terra Luna. Whereas last month I was talking about big companies getting liquidated with possible failure, this month saw the ACTUAL bankruptcy of several giants!
Huge players in the crypto space like 3 Arrows Capital, Celsius, Voyager, and plenty more, have completely gone bankrupt. I don't think anyone would have predicted the fall of such titans in the industry even just a few months ago. How the great have fallen indeed. 💸💸💸📉📉📉
Just as it was during the previous month, HIVE has suddenly had a price spike again. And it took place today too of all days! 📈📈📈
In fact, this wasn't the ONLY pump this month, there was another one just 1 week ago, except it was with HBD, which amazingly shot up to $3 at one point!
As we can see in the 2 graphs above, showing the price of HIVE and HBD during the past week, there have been 2 huge spikes recently. Tracing the volume of HIVE/HBD moved has led to the Upbit exchange in Korea. I've no idea what on earth is going on over there to be honest, but the volume of HIVE that has been traded there during these pumps have made HIVE look more like a top 10 coin instead of the 100+ ranking where it is now 🤣.
Perhaps this is a sign of the potential of HIVE? Regardless though, I don't expect these pumps to last and took some profit swapping my liquid HIVE for HBD. 💵💵💵
I can see the potential in HIVE and am bullish on its future prospects. As they say, diamond hands and HODL 💎🙌, I too intend to just hold onto my HIVE tokens and since I've no intention of cashing out anytime soon, what better way than to participate in HPUD and locking it all in.
Keeping my HIVE powered up as Hive Power also earns about 3% interest and gives me increased returns on my curation. From what I've seen, curation APR ranges anywhere from 4-12% depending on how efficient I am at curating. This sounds low especially in the crypto world, but it is still far superior to any bank interest rates. 💰💰💰
I hope to continue to powerup monthly in this community event whilst also growing my Hive stake. It would be most interesting indeed to chart my monthly progress this way too.
Before I sign off, I would like to thank @thebeardflex @hivetrending and the rest of the guys at the PIZZA DISCORD (join this great community, plenty of events and airdrops and friendly people willing to help!), @traciyork for helping me with lots of questions earlier on about Hive PUD/PUM and also for delegating a big chunk of HP to help in my early blogging days (and also another member of PIZZA!), @namelessnameless , @relf87 & @koodies for all helping me in one way or another in learning about crypto in general. 🎉🥳🎊
I'll see you all again during the next Power Up Day next month with another update! Till then, See you and WAGMI! 💎🙌🏻🦍💪🏻