My Hive Goals - Week 18, 2022
Another week comes to an end, and it appeared to be a pretty bloody one for crypto, following the stocks.
I don't have a problem with that. While I do track my portfolio in USD, it's important to keep in mind that lower price levels of our favorite tokens bring with them the opportunities to buy more, if one is accumulating.
1. HIVE POWER and HBD Goals
That is my case with my HIVE Power goal. Since HIVE is a volatile token, it will move more or less with the crypto market. This means now it's at lower levels than a few weeks ago.
A cheaper HIVE means we can buy more with the same dollar amount, although if we don't use stablecoins or fiat to buy it we won't get more, because the entire crypto market tanked.
I am not ready to buy more significant amounts of HIVE at the moment, so this option is temporarily not important for me.
The other one is that we receive more HIVE Power for our author rewards when HIVE drops in value.
What's the reasoning for that?
Post rewards are distributed half to curators and half to the author.
The author's part of the post rewards is calculated as half in HBD and half in HP (so a quarter and a quarter of the post rewards). One can choose to receive them 100% as HP, in which case the HBD part is distributed as HP as well, instead of HBD.
If post rewards are 20$ , then 10$ worth of HP is distributed among the curators and the author's part of the rewards is 10$ , split as 5 HBD (assuming HBD at 1$ ) and 5 dollars worth of HIVE Power. If one chooses to receive 100% HP, then author rewards are 10$ worth of HIVE Power.
The bold part is what interests us. If HIVE's price is higher, you receive less HP. If HIVE's price is lower you receive more HP because 5$ represents more HIVE.
Back to my goals now...
With 65 more HP and 51 more HBD this week, the progress is still slow, but... it's more than I had last week. :)
The only remarkable event on this front during the past week is that I claimed my first 30 days of interest for HBD at 20%. Probably not the entire 30 days were at 20% APR also. But that was around 20 HBD, which surely was nice to add to my savings.
Splintershards (SPS) Staked Goal
Another 1500 SPS staked this week. This is not all the SPS I receive in a week, but I have another part in diesel pools. This goal is still one that I expect to complete by the time the airdrop is over.
Maxing Chaos Legion Set*
*) or reaching the limit beyond which I consider upgrading a card not profitable
Rare Summoners | Maxed |
---|---|
6 | 3 |
Still focusing on summoners. No new ones maxed since the last report. I'm actually quite pissed at myself for not taking some great deals today and waiting to finish my DQ first. By the time I finished, they were off the market.
Legendary Summoners | Maxed |
---|---|
- | - |
Common Monsters | Maxed | Reached Max Desired Level |
---|---|---|
29 | 0 | ? (12 under consideration) |
Rare Monsters | Maxed | Reached Max Desired Level |
---|---|---|
23 | 0 | ? (3 under consideration) |
Epic Monsters | Maxed | Reached Max Desired Level |
---|---|---|
17 | 1 | ? (2 under consideration) |
Legendary Monsters | Maxed | Reached Max Desired Level |
---|---|---|
23 | 7 | 1+? (5 more under consideration) |
I think I'm getting closer to maxing the missing two reward cards. I'll have to check when I manage my decks next week.
CL Reward Cards | Maxed | Reached Max Desired Level |
---|---|---|
21 | 19 | 0 |
Social Targets
I started the week with 7535 comments and 7783 replies.
And now I am at 7680 comments and 7914 replies. They are both above my targets of 81 comments and 76 replies weekly to reach 10k of each by the year's end, which is good!
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77 thousand staked sps? that is awesome, you are doing great man, but it seems you are renting hive power right? is it profitable?
Actually, I started with 77k SPS when I began tracking the goal, now I have 81.5k, and the target is 100k. No, I'm not renting HIVE Power. I'm delegating it out of my main staking account.
Good work towards your goals and thanks for the explanation of why we get more HP now.
Yep, I felt many newer people on Hive many have heard it but didn't know why this happened.
thanks for the information..it was quite helpful..looking forward to your post on listnerds
Thanks! Appreciate it.
Anyone in the market for GF Kitty???? lol
Not for my budget man! :) But what an awesome card to have, even to rent it out.
You making progress on your goals no matter how small it is and 20 HBD is already a good amount to add. It will add like 30 cents more of HBD next month to your total. All of it compounds so the earlier you add more, the faster it goes.
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Yep, I wish it would compound daily, or at least weekly. This way I see a spike from the interest every 30 days in savings and during the other weeks, I just watch it accrue on PeakD.
Great explanation of hive and HBD. The goals are looking good. Very nice post Adrian.
Thanks! If I had acted at the right time yesterday, they would look better. At least the Splinterlands ones.
If I can reach 10% of your staked SPS before the end of the year, that would be a major accomplishment. 😄
Congrats on your growth!
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I have a looong track record on Splinterlands, which is another great example of the power of compounding (which for Splinterlands means reinvesting and playing/renting out cards consistently over time).
I think that made the difference. I think I missed it. If you won't mind, I am curious how long have you been on Splinterlands?
Since November 2018. And I should have been involved earlier, but I guess I needed some proof before jumping in.
Now you are the proof. 😄
Thanks for the reply.
Haha, I guess I am. :D
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Your goals are looking good. I am sure you will catch up with Hive. Thanks for sharing. I like seeing how every one is doing.
This seems the Achilles heel of my Hive goals. I'll see if I can catch up in the 2nd part of the year.
Good goals...
Thanks!