My Hive Goals in 2024

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It's not yet the end of 2023, so it feels a little strange to set my goals for 2024 before I have my final update for the goals of 2023.

This is the most complete plan I ever did for crypto, in general, not just Hive, although I will only talk about the Hive part. It has quite a few "if ... then" logical decisions (or rather "case" selectors - programmers will surely understand the reference), so it's not as simple as "accumulate x HIVE" or "accumulate y amount of HBD in savings".

However, the goals I'll present publicly won't have all the details to make them easier to read and follow.

Since I generally messed up the taking profit part during the previous bull markets, this is a major focus for me during this bull market, to have a good balance between taking profit and enjoying the earnings from this part of the cycle.

I start from the premise this bull market will extend well into 2025, so I don't expect the majority of taking profit to happen in 2024, but I have the necessary steps in the plan in case we have major price appreciation on the assets I hold.

On Hive, my long-term main focus remains more HIVE Power. However, in 2024 and probably the next year, it will be a side interest, at most. That hopefully doesn't mean that these two years will be wasted for my long-term goal of increasing my HIVE Power because I plan to have more during the accumulation phase than I would have if I kept powering up. It's an experiment, and we will see if I can make this happen.

Throughout the year, I will make different investments in the ecosystem, but I will not once lose sight of my long-term goal mentioned above. And I have steps in my plan to make sure I won't.

Ok, that was a pretty long introduction.

2024 Goals

I'll split my Hive goals from 2024 into two categories:

  • activity-based goals
  • financial-based goals (including Web 3 games, since assets have a "monetary" value)

Something to keep in mind: activity can influence financial goals, but amassing tokens does not influence activity-based goals.

Posts

This is the first time when I've made this an official goal.

My goal is to publish at least 350 posts in 2024, which is close to one a day. I kept a margin to allow for some days off or some unforeseen circumstances.

Among the posts I want to write, is my "Week through Adrian's Lenses" news update, which I intend to continue to publish weekly and is part of this goal (which means I don't intend to skip weeks).

The weekly update on the goals' progress is also something that I will continue doing.

Comments Made

I intend to keep the same target as this year for this goal: 5,000 comments, which is almost 14 comments a day. I tried 6k in 2023 and didn't work out for me, had to lower it. And the previous year I missed this goal entirely.

52-Week HBD Challenge

I will embark for the first time on a 52-week challenge characterized by weekly deposits of HBD into savings starting with an initial amount and increasing every week with the amount of the initial deposit.

Here's what this looks like, when fully completed (thanks to @elianaicgomes for doing the initial work on this sheet and sharing it):

I doubted seriously if I should start with a $1 or a $2 step, but in the end, I decided on $1 since I believe the bull market will extend into 2025 and we'll have time to accumulate more HBD then.

Then, I like the progressive nature of this challenge, as it might follow a progressive increase in the price of HIVE during 2024. So, you'd only need higher amounts of HBD in the second part of the year, when, hopefully, HIVE will have reached higher price levels too.

However, this goal is not price-dependent (at least not to a higher degree than any token accumulation goals), so I expect to complete it, despite a tougher second part of the year, when I'll have to come up with higher amounts of HBD weekly.

LEO Staked

This target might surprise you. I am aiming only for 25,000 LEO staked, starting from (probably) 22,500. So, only 2,500 additionally. What kind of target is that?

Well, I have a problem. I don't believe that aiming for a staking percentage as high as possible is the best idea. That's why, especially now in the bull market, I will be focusing on building up some liquidities after hitting that staking goal.

I have something else prepared with part of my LEO stake, but I'm waiting for confirmation that it's on before talking about it.

Unlock All 100 Plots of Land

This was pre-announced and a normal target since I have a tract on Splinterlands. I currently have 30 plots unlocked and producing on Land, and that number will need to go to 100, meaning all of them.

HoloZing

This is the first time I have included HoloZing as a goal, officially. I'll start with a conservative goal of 25,000 ZING (in all forms), preferring to increase it if or when the time comes, rather than setting too high expectations from the beginning.

Final Words

The goals above may seem pretty straightforward - and they are -, but behind and alongside them, there are many bullet points with things to do when certain conditions are met or regularly. It's the first time when I put many of these actions or potential actions in writing in such detail.

Let's give one example to see how complex this can become.

As long as the HIVE price is below 50 cents, swap 2/3 of the HBD part of the author rewards to HIVE and keep the rest as HBD; move both to a different account. (weekly or when occasion arises)

The HIVE portion is divided 3-ways each with its destination. Each destination can be and is broken down further.

The HBD part is used to fund the challenge, going through savings while waiting to be used.

Some (future) actions may seem unexpected or hard to explain when taken separately, but they are all part of a bigger plan.

In fact, since wallets are pretty basic on Hive (and probably should be kept relatively basic on the base layer to minimize risks), I had to create a few other accounts to better manage balances with different roles/destinations. And possibly will create more if I need to.


Want to check out my collection of posts?

It's a good way to pick what interests you.

Posted Using InLeo Alpha



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26 comments
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These goals are really inspiring and I believe you will achieve them in 2024

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I'll definitely be working on that and more. Thanks!

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This is really nicely mapped out. All the best in your goals!

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Best of luck on reaching your 2024 goals! It's definitely good to lay things out very clearly, as you have done.

Time to work on finalizing my own!

=^..^=

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Thanks and be inspired to finalize your own goals for 2024!

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It's great plan to set the aims for coming Year. Hope u achieve your goals best regards for you and I hope 2024 becomes the best for all of us

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Thanks and yep, let's hope we'll have a successful 2024!

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I admire the structure you use for your 2024 goals. Good distinction between activity based and financial based goals and how one can influence the other. I think I'll incorporate that part on my own goals setting for 2024.

Best of luck to you on achieving yours in 2024 :)

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I've always made that distinction, at least in my mind. Maybe I haven't put it in writing this way, but this comes naturally in an ecosystem like Hive, where everyday activity matters.

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Yes, indeed. I think it also make things more practical, having a course to follow with one's social activities.

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Just like this year is about to end and a new year is about to begin and success comes only to that person who sets all the things in his mind at the beginning and then works hard day and night on them. So after the passage of time he definitely gets success. Best of luck for your future goals.

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Thanks for the wishes and it's true, we need to set our goals and work toward them, if we want to move toward success, however everyone defines that. At least that's what works for me. Best of luck in 2024 for you as well!

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Wow, man... As everyone expects a bull market in 2024, I thought that you would slow down, but these goals are showing the opposite! The HBD challenge can be very challenging in the second part of the year, but I hope that you will do it!

Good luck with your goals!!!

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The HBD challenge can be very challenging in the second part of the year, but I hope that you will do it!

Yes, I thought about it. My idea is to build up some reserves in the first part of the year so I can use them in the second part. I will also be very determined to take regular profits out from things like games. I haven't done that in quite a while from Splinterlands, dCity, or Rising Star, for example.

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This is very interesting. I like the HBD goal, but I am curious if you will need to power down HP and convert some to HBD in the later weeks? Getting those 40+ HBD can be difficult. I am a bit surprised about the Leo staking, since they seem to be putting out a lot of updates, and I thought you would double down there. Land was expected, but I didn't know you were also interested in Holozing. It seems a good amount of people are excited for it.

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I like the HBD goal, but I am curious if you will need to power down HP and convert some to HBD in the later weeks? Getting those 40+ HBD can be difficult.

I will only start a power down (of my posting account, not my staking account), if the bull market explodes in 2024 rather than being a moderate increase (for a crypto bull market), with the full-blown hype phase following in 2025.

I expect the HBD requirements of the challenge from the second part of the year to be covered by reserves I make in the first part, plus partially (10+%) taking out liquid earnings from games and possibly other projects. Diesel pool rewards will be used too. And I expect, as probably all of us, that HIVE will be higher in the second half of the year. Swapping liquid HIVE to HBD will be one of the last options unless HIVE spikes.

I am a bit surprised about the Leo staking, since they seem to be putting out a lot of updates, and I thought you would double down there.

They do, but sometimes you shouldn't do what everyone else is doing. One of the problems on Hive, in general, is the lack of liquidity. HIVE has that issue too, but to a much lesser degree than any project built on Hive, including LEO.

That's why after reaching the staking goal I will probably build some LEO-based diesel pool or LP position.

I didn't know you were also interested in Holozing. It seems a good amount of people are excited for it.

Yeah, I've been accumulating tokens, like everyone. I could've accumulated more, but I didn't want to use my staking account and only had a little HP to delegate from my posting account. It's likely going to be a different game, compared to what we have right now on Hive. Maybe that's what I like about it the most.

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I see, those make a lot of sense. Thank you for sharing your thought process and reasons for those decisions.

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Those are some great goals and I think it's a pretty good plan. The HBD plan looks solid and it's great that you are also accounting for the interest.

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Yep, it's nice to see that interest accumulated. If APR remains at 20% throughout 2024, with the 52-week challenge starting from 1 HBD, that's another 100 HBD added from interest at the end.

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My major focus is also increasing my Hive Power and I’d add more Hive to my stake soon
I hope things work well for me
I hope you achieve all your goals too

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I think we shared similar goals. I am also planning to stack as much as possible next year more hive power as it is needed

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I don't have a Hive Power goal next year, but it is my long-term goal. For you, it probably should be a goal next year too, since you can grow your account significantly percentage-wise when you start with a low amount of HP.

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Wow!
You are a role model with these ambitious goals, especially those on content creation. You rock! Good luck, dear friend!

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Ah, thank you for your kind words! Hopefully, I'll live up to expectations, lol. Sometimes I feel I don't.

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Thank you @gadrian I shared your goals on my blog. You do excellent work with your goals. Have a nice week! Barb 🌟🌟🌟🌟🌟 !BBH !CTP #ctp

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