Progress Update - Must Be Nearing Bottom
This is just an observation using my limited knowledge regarding markets but I think we must be getting close to or at at the bottom of the crypto market.
Here is why I think that. Over the past week, I have seen several of the projects on Hive make announcements they are running out of funds or just are not in a position to continue their projects.
Splinterlands just did a restructuring of their organization with an associated additional layoff which makes this the second or third they have performed over the past year. They will be splitting off the Genesis League Goals platform from the Splinterlands organization due to various reasons.
Even with this announcement, I will continue to play the game, invest in their gaming assets and support their projects because I think the market is at the bottom.
Also, I just saw an announcement on the PGM discord that they were putting their project on hold as well. I like this project as well and will continue to support their community and use the tipping bot since it is still working.
I have noticed a few other projects/communities where activity has fallen to a low level due to their community members or owners not continuing the engagement that was there in the past. Some of their tokens have dropped so much in price that it makes you wonder if the project will continue but with these no announcements have been made.
I believe that the worst normally happens right before a recovery and with all the fallout that has occurred, I believe the recovery will be fast and furious. It will take hold when no one expects it and is least prepared and just renew all of the excitement that was once on the Hive Platform.
I look forward to this day happening and will continue to do accumulate my Hive holdings and diversify between all of the different layer 2 tokens so that I am well position for when that time does start.
Hive Target
At the beginning of the year, I was targeting reaching 5000 Hive Power. However now that we are in the 4th quarter of the year, I realize that goal is not possible and may actually hinder my progress if I focus on the fact that I will not reach it.
I instead will focus on adding to my holdings each and every week instead. This will help me start developing a better way to create my goals for 2024.
My last progress report was August 20th at which time I had 2781.828 Hive Power. Since then, I have been able to add 87.72 Hive Power to my account. I need to get back in a rhythm to ensure that I continue growing my account on an ongoing basis and now fall to the trap or thinking that crypto is dead.
I think it is just sleeping for a bit before it awakes with a vengeance and takes off running again.
Hive Power Ranking
Since the last month and a half, I had not been creating content my account was not growing like I thought I should have been . Due to this, I thought I would have fallen a large number of positions in the ranking of Hive Power holders.
So even though I did only add 87 Hive Power to my account I increased my HiveBuzz Hive Power ranking from 3427 to 3380. I was very surprised to see this increase in ranking especially since I only created two or three posts over that time period.
The only think that I can think of is that several Hive Members are unstaking their Hive and converting it and moving it to other places. I think a lot of people are scarred about what will happen next for crypto in general.
HBD Savings Ranking
With the fall of the Hive price last August, I withdrew my HBD from my savings and converted it to Hive in the hopes that Hive would pump and I would be able to convert it back to HBD with a large profit. I did not think that it would not bounce right back and then started to worry that having the hive in liquid form, it would be easier to spend.
This past week I converted it back to HBD and moved it back into my HBD savings so that I earn the 20% going forward without much risk.
My current HBD savings holdings is 59.624. I will go back to my plan of adding 1 HBD per week from my earnings so that I continue to diversify between Hive and HBD.
My HiveBuzz HBD savings ranking is 2093. I will be moving in the top 2000 HBD Saving holders within the next couple of weeks.
Hive Received Rewards
Since I just started back creating content last week, I am just now receiving the reward payouts from those posts. Only three payouts this week. Next week will be much better as there should be a payout each day reflected in the chart. The only good thing I had going is that I continued to curate so received 4.3 HP ($1.35) over the past week for curation rewards.
As you can see I only have curation rewards in the 30 day chart with the exception of the near term post and Hive Power Up day in which I continued to participate.
I find it very interesting that the chart looks so much better with it spiking up those last few days of the period. But I know it is better to be consistent than to try to make the chart look good by spreading the posts out over that time period.
Hive Engine Tokens
Even though I continue to add to my 2nd layer Hive Engine tokens, the value of those tokens have taken a nose dive over the past month or so.
I will continue to add to my top holdings which focus on growing my top 10 holdings. Since I do not have a crystal ball to foretell the future, I will continue to add to all my various holdings so that I am diversified.
A rebound in crypto should raise all projects that are still active to their previous levels and then jump past those levels but since I am not able to time the markets best to just increase ll my holdings instead.
EVER FORWARD!!!
Posted Using LeoFinance Alpha
It is a shame that projects are struggling or downgrading but it happens, hopefully the recovery happens soon, the rise in cost of living probably is not helping the situation.
@darmst5339
Keep on building and growing my friend wishing you success
Made in Canva
!ALIVE
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This post has been curated by the Alive And Thriving Team, we curate good content in the We Are Alive Tribe that is on topic for #aliveandthriving, and it's included in our daily curation report on @aliveandthriving, plus @youarealive is following our Curation Trail.
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Thank you very much. I agree and hope it happens sooner than later. Take care.
!ALIVE
!LOL
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I think that Hive and its various assets will become some of the most valuable in the crypto world soon. There are very few projects about which I can say that, but Hive is definitely one! 😁 🙏 💚 ✨ 🤙
Made in Canva
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!LOLZ
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I can always count on them
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That's sad to hear about the projects scaling back or pausing their development and activity. I love and believe in Hive, and I'm all in for the long haul here, so I just keep chugging along posting, engaging, building, growing, and saving, without concern for lower activity or lower token values. I find myself still a very buzzy Hive bee!
Congratulation on your growth, even with your lower activity level! That's great!
I know crypto in general, and Hive specifically, will explode at some point soon. There's no way it won't, especially when (not if) most or all fiat currencies crash and become worthless. Hive is a way through it. I wish you much success moving forward! 😁 🙏 💚 ✨ 🤙
Thank you. yes, I agree it will explode, I am just hoping it is sooner than later before it impacts lots more projects and communities. Take care.
!ALIVE
!LOL
@tydynrain! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ darmst5339. (1/20)
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The Goosetapo.
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You're most welcome, @darmst5339, absolutely! Yes, sooner would be better for sure. I'll just keep building, growing, and saving! Thank you! Have a beautiful new week! 😁 🙏 💚 ✨ 🤙
!LOLZ
!PIZZA
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In his sleevies.
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@tydynrain(2/5) tipped @darmst5339
Wishing you much success
@darmst5339
@tydynrain nominated you for a prize in the draw 😎
!ALIVE
!BBH
@darmst5339! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ heartbeatonhive. (12/30)
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😁 🙏 💚 ✨ 🤙
Keep on growing, you're doing great!
That is the plan. Take care.
!ALIVE
@ironshield! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ darmst5339. (1/20)
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I am just getting to know about communities struggles, I hope it doesn't linger for long.
I will still be here, certainly have no where else to go.
!ALIVE
@darmst5339! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ jmis101. (9/20)
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It is great to hear that you will be around. Yes, there are some communities on Hive that are really struggling but with all of our support, our communities and others will last through this down times. Take care.
!ALIVE
@jmis101! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ darmst5339. (3/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
Alright dear.
I hope and pray for the best.
It serious seeing the announcement, but I am of the opinion that change is constant and we hope for the better.
!CTP
It is rather unfortunate that some projects are struggling at the moment. We do hope that the bear market should be over soon.
You've made some impressive progress. We all pray for these projects not to die off due to the current state of the market.
!HBIT
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