Will the price of Hive alter your curatorial strategy?
Someone admitted a few days ago that they saw my voting power at more than 90%. They apparently checked and saw, then wondered why. In reality, I had not been online, so my voting power had accumulated and remained unattended.
As expected, I rarely leave my VP unattended because I believe it wastes potential curation rewards, and 75% is where I usually just let it recover. This has been my habit for a long time, and it is not hard to figure out if you look at my curation habits over the course of several months or years.
The price of Hive is beginning to change; I understand that it is still nothing spectacular, but the fact that it is changing means that your vote is starting to carry more weight.
Why is this advantageous?
It means you can easily cast as many votes as you want, and they will have a significant impact. I believe that around 5k HP is when you might notice a significant difference in your vote weight, and it gets even better when we see 1$, 2$, or even 3$.
Now, I recognize that I am guilty of voting for the same types of people; I believe this is because I rarely step outside of my comfort zone to seek out new people to curate or curate my content. It's probably because I curate what I read (not always) and I know it's bad, I definitely should do better.
Another reason is that my voting power is insufficient for the accounts I curate, so I try to maintain consistency and make sure I always do it.
Although this year, I have begun voting for 5 to 10 new accounts in addition to the ones I have previously curated, and I believe that if the Hive probe reaches $3 again, I will add even more accounts.
So, how do I do this?
I believe I can accomplish this by actually lowering my vote percentage per post. For example, I give some accounts 30% on a daily basis at 17 to 20 cents (Hive price). At 28 cents, I am still giving these accounts 30 to 31% because the difference is not significant yet.
At 0.5$, it starts to make a difference. It means I can actually half the 30% to around 15% and still be able to give the author more in $$$ reward than I was giving them in the past. So I can actually spend 100% of my vote weight on 8 accounts at 50 cents Hive, whereas I was only giving 100% to four people at 20 cents Hive. Now, at $1, it means 16 people can get it; at $2, it could be 32 people, etc.
In reality, this means I can add more people without reducing my voting power below the 75% I would normally aim for on a daily basis, which is incredible.
Would I actually do this?
I am not sure. In 2021, I sure did added a lot of people, although I had way less VP, but I think I maintained the core of people I previously curated. In reality, I believe I will continue to curate the people I was with and will not add many new people, possibly no more than ten.
Why?
It is simple; I am lazy. I don't think I'll go out to seek people. The majority of the people who appear are likely older accounts that have abandoned the chain as a result of the bear market, and I will most likely be uninterested anyway due to personal reasons.
What Does This Mean for the Older Accounts I Curate?
It means more punch behind the voting weight I used to curate them with. At a $2 hive, for example, I can easily give 50% of the vote, which is easily worth $2.50.
I did not do an exact estimation, just a rough calculation. It could be more or less, but the difference would not be significant (Keep in mind that this is not financial advice, but rather my analysis based on previous market patterns). The benefits of consistency are likely to be the main factor.
When people enjoy the benefits of consistency, I believe they deserve them. When someone perseveres through the bear market and begins to reap the benefits of receiving $200 in upvotes on their post, I believe they deserve it.
I believe nothing will change for me.
While my illnesses are in remission, by God's grace, I believe I will enjoy curation when prices reach a certain point and nothing changes. I use Hive.vote for automation, but I usually prefer to do it myself. I adjusted my votes on Hive.vote a few days ago and will continue to do so as Hive's price rises.
I believe that some users become complacent when they receive a large number of auto votes. Personally, I observe certain behaviors and then decide whether to remove, reduce, or increase the percentage of auto votes. In reality, I have very little Hive power, but that is something.
Interested in some more of my works
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Posted Using InLeo Alpha
That sounds like good news 😊 It's only that those who have power don't like supporting us.
Originally, the post posed a question. However, I think any form of upvote be it on a post or on a comment is actually a "support"
I use hive.vote and mix automatic curation (when I am engaged in real life) and manual curation.
Like you at more or less regular intervals I check the activity of those I follow with automatic votes. For example in my last check I saw that one account did total power down and I stopped supporting it because content is important but having a minimum of growth goals on Hive is also important in my opinion.
Nice post about curation activity
!PIMP
@tipu curate
Upvoted 👌 (Mana: 32/42) Liquid rewards.
Thanks a million. I wouldn't lie, I don't like a complete 100% powering down. Sometimes it's one of the reasons I don't support some users even if the post is good. At least, keep some hive powered up to support others too. I prefer my manual Curation but check up on my auto.
Thanks for the curation.
I’ve got a bunch of hive.vote ones myself and follow Curangel which is good because then I don’t have to worry my VP will hit 100% unless something goes wrong.
I think in terms of voting habits - it depends on the people who are keeping most of their earnings on hive instead of spending it or withdrawing it. This is a new criteria for me that Galen got me to adopt and I like it. It doesn’t mean if someone is powering down I won’t vote on it but if they’ve been here since 2018 and only have 300 hive power I have no sympathy for them and most often won’t give them anything. It’s only fair I think!
I do occasionally reduce my vote strength for comments but I’ve recently started giving out some 50, 75 and 100% votes where I never did that before. It’s fun to give out strong votes!
I think this is solid. There's no excuse to be in the network for 6 years with a good rep and have only 300 HP I think no excuse can actually justify it. I do look at metrics like this and it actually makes me to increase or decrease my Curation activities for some certain account.
I don't think my VP has hit 100% in a very long time, perhaps in over 12 months I don't think it has, I believe. I do this by having auto votes.
I like your criteria too, and it's fair enough as well.
But why would some people not like voting for small guys like us? So, now the worth of vote will increase
I think it's a solid strategy. I tend to try to get my voting power under 80% every single day, but I try to keep that above 70%. I changed how much I vote based on that voting power. If I get a few days where I can't get below 80%, then I'd increase my vote percentage. Time is tough and I don't have much time to go out and find new people either.
Keeping it above 70% is solid and I think that's very good. I try to keep mine like that too and also make sure it never hits 100%. Even when I have autos, it can actually hit 100% but I believe it's a waste of curation rewards and should never happen
Interesting... I don't think I'll lower my manual curation on posts because I don't want to spend too much time curating. Lower weights may come from following curation trails, when my voting power is too high. I might lower the weights for voting on comments, if the dollar value grows significantly, but in this case I should probably vote comments where the author puts in a lot of effort with a higher weight than my default.
I don't have a default vote for comment. For me, it varries from comment to comment and I want to keep it that way. I think with the gradual increase in the price of Hive you can give comment or posts some heavier vote weight without compromising much of your voting percentage, it feels good.
I often vary the weight of my upvotes on the comments too from the default.