My Hive Goals (Week 2, 2023)

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This is a short sum-up table with the state of my goals in easier TLDR form. The table has only some information, so if you want details, they can be found in the post.

Current State/Other Selection CriterionGoals Matching the Criterion
Ongoing4 (HP + HBD Savings, LEO Staked, Comments Made, DEC Saved)
Main goals3 (HP + HBD Savings, LEO Staked, Comments Made)
Goals1 (DEC Saved)
Increased goals0

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I include a link to the initial goal-setting post for 2023, for reference, if needed.

Strange week for my goals.

On one end, the HP + HBD goal took off, at least on the HBD target, which may force me to adjust this target sooner than I anticipated (I was thinking about quarterly).

LEO staking goal is doing well but on the fence.

And from here on start the bad news. Nothing good for my DEC saving goal so far, and I didn't anticipate such a bad start. And since this is a short goal (3 months at max), a bad start is even more of a problem. At least it's not a main goal.

And on the comments goals, I'm below 100 this week, which is terrible. And many of the comments are few words replied to few words commented, so not much value is added.

Let's see what changed since last week.

HIVE Power (HP) + HBD in Savings Main Goal

I decided to swap half of my liquid HIVE into HBD and put it into savings for the time being.

If crypto markets keep running up, I'll still have the other half liquid HIVE portion, if not, as I suspect, I'll buy it back later, and possibly lower.

Here's what the evolution of the HP+HBD goal looks like:

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After this rally in the price of HIVE, I have an anomaly for the progress in HBD.

I set this goal conservatively, meaning I didn't account for a significant price increase of HIVE this year. Not that it wasn't possible, but if I had set it optimistically and the price increase didn't happen, it would be impossible to reach the goal.

This way, I preferred the option to reach the goal sooner due to price appreciation and increase the target instead. I'll probably re-evaluate this goal's target at least quarterly because price plays a more significant role than I want to in its achieval or not.

The goal set in HIVE seems less influenced by the price variations for now, but that's because I have disproportionately more HP than I have HBD in savings, and the influence of HBD is much lower.

Quite difficult to follow this two-token, two-targets goal. I wonder if I didn't make them worse by trying to fix things. What's clear is that, at the same prices, I have progress on this goal no matter if I power up HIVE or add HBD to savings. Which was my point with this goal.

LEO Staked Main Goal

With LPUD yesterday (323 LEO staked) and another power up today, I pushed Leo Power to above 11k LEO.

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483 LEO left in a little over 15 days to meet the 1000 LEO power-up guideline for January. This is very close.

If now it's close, in February I'll most likely need to buy more LEO.

Splinterlands Land Expansion Main Focus

Land expansion's main focus extends throughout 2023. Unless I will change the strategy, it will be the only main focus / main goal for Splinterlands in 2023. But there will be several 1-3 months goals.

First Land-Related Goal: DEC Saved

I'm way behind with this one. Maybe it'll help a bit that I finished in the Champions League for the first time after a long time and I'll be playing for better season rewards this season, at least. I'll need at least one season to figure out if it was a good idea to give up the DEC rewards for renting out my playing deck at the EOS for the extra rewards earned and the upgrade of season rewards chests for this season.

Comments Made

I started this week with a total of 12054 comments made.

Ended the week with 12146 comments made, which brings the number of my comments this week to only 92.

Much less than the needed average of 117 to reach the goal of 18k.

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The reason I find for this big drop in my commenting this week is that I was distracted by other activities (also Hive-related, mostly). I'll have to be careful about that next week.

Weekly Task - Refill my small SWAP.HBD:SWAP.BUSD position

I have orders for at least 3 separate tokens, but unfortunately, none of them hit this week and I won't chase the top bid to fill my order. If it gets filled, it gets filled, if it doesn't, it doesn't.

That's why, given the recent recovery of the market, I used some of the liquid tokens I had on one account to refill my SWAP.HBD:SWAP.BUSD position, expecting a potential small pullback from here, or a longer consolidation.

I use this small position to fund my purchases for this weekly task. I have another more significant position on a different account to fund higher purchases, usually for my main goals.

Posted Using LeoFinance Beta



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19 comments
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Nice and neat summary. Thanks for sharing

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Could have been a better week, but it's just the beginning.

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Quite difficult to follow this two-token, two-targets goal. I wonder if I didn't make them worse by trying to fix things.

I wouldn't say that you made a mistake, but they are opposite tokens, as I said in some of the comments before... I wanted to do HIVE and HBD as my own goals, but in the end, I decided to not do them... But, if I did, I suppose I wouldn't push both at the same time... Maybe you can create some kind of limits for yourself... for example, if HIVE is over X price, you sell it to HBD, and if it is down, you just accumulate HP and wait for the right moment to convert to HBD... I know that in the end, you can come to a situation where you will not hit one of those two goals, but the long-term benefits could be much higher than pushing things in the wrong moments...

Just my 2c

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It is very likely that I will only hit one of the targets (either HBD or HIVE), but that was the plan, to hit at least one.

My main focus remains HIVE while the price is low and may stitch to HBD in the bull market, but not sure if it'll be the case this year. But a little HBD can be added to savings, and those may count.

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Tbh, I will try to accumulate some HBD, too... It will be my "silent goal" 😃 But, more like a taking profits plan, and I'm bullish that we will have chances this year to take some profits... Of course, depends on personal expectations and prices... :)

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It would be really nice to have a few opportunities to take profits this year!

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Hang in there. You will meet those LEO goals!!

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It looks like a goal that will be tighter than last year, but it should be achievable.

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My HIVE goal is already disrupted. I am not ready to commit to the same purchase amount in HIVE when the price has gone up so quickly.

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Under 30 cents was oversold. It was very unlikely to last for a long time. Hang in there with your HIVE goal though. There might be opportunities to buy more at decent prices. And 35 cents is a good price too (at least it is for me).

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Hi, @gadrian
Don't be too hard on yourself.
It looks like you are doing a fantastic job to me 😃
Barb
!BBH
!CTP
!ALIVE

Posted Using LeoFinance Beta

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Thanks, Barb. Yes, sometimes I am hard on myself. :)

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It's tough but are you powering up LEO whenever you have the chance? I generally just wait for LPUD and do that once a month so I don't have to pay attention each day.

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I power up multiple times in the second part of the month. I stop powering up at the beginning of the month and keep LEO liquid for LPUD.

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This week has been interesting as the price of altcoins rose highest over the past three months.

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Yep. It's also interesting that the market continues to hold up pretty well.

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