At the Same Spot As 2.5 Years Ago .:. #MyHiveGoals 2024
What would be your first thought after reading that title? That my crypto portfolio is worth the same (USD) amount as it was 2.5 years ago? If you are not in crypto, you would probably have an impression that I just wasted 2-3 years of my life on something that is not worth doing... On the other side, if you are in crypto, you will have second thoughts and ask yourself... Wait a minute, at these moments, 3 years ago we were at the cycle top and today we are at the beginning of the bull run!
To be more exact, 3 years ago, in March 2021 we were climbing that first bull market mountain (we had 2 tops that year) when BTC went to 64K, and the other one, in late November 2021 went to 69K (2.5 years ago!)... So, as the current BTC price is around those numbers, it is logical that I'm at the same spot (if I didn't sell any BTC), but the truth isn't that black and white... There is one huge difference...
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My portfolio changed... I still HODL my BTC bags, but I did sell (exchanged for other tokens) part of my ETH bags... I was doing screenshots of my portfolio in the last bull cycle and that's why I noticed that I'm at the same place as I was 2.5 years ago... The biggest difference between NOW and THEN is my HIVEPOWER, or staked HIVE, for those who are new to our ecosystem... In those days, I had around 26K HivePower and today, I'm over 83K... That was the TOP of the bull, and we could say that I almost quadrupled my HivePower in less than 3 years!! Do you remember the words from experienced crypto users that were saying to you: Wealth is built in the BEAR MARKETS! This is an obvious proof of those words!
But, there is another big difference between now and then... As those were the moments when everything was on the top (including altcoins), the HIVE price was around 1 USD and it was still climbing up toward $3.40 which marked the top...
Today, some altcoins went up, but they are far away from topping out and there is still a lot of space to grow...
Let's go back to #MyHiveGoals numbers! I skipped another week, and it looks like I found a different pace for these reports, doing them every second week...
screenshot from hivestats.io
I remember that I was complaining about creating fewer posts in the last report, but I think that I beat the "negative" record this time again... Oh, yes... I have created only 7 posts in the last 14 days (including the last #MyHiveGoals post) which is a very low number... I skipped the #HHHLive show last week as I had some offline stuff to do and that means 2 posts less... Also, I had some other issues, but I don't want to bother you with them... In any case, my content creation went down significantly...
Luckily, some other things did better... I have pulled out some H-E tokens, did some HBD to HIVE conversions, and was able to do a nice #HivePUD power-up. It wasn't one of those 1K power-ups that I was doing before, but it is "visible" on that Hivestats chart which means that it made a difference... I was doing manual curation during these 2 weeks and with my stake, the HivePower goal progress wasn't that bad...
It's time to update the numbers and put them into the spreadsheet until the next week! So, freshly updated numbers for #MyHIVEGoals, on March 10th, 2024 are:
In the last 14 days, I have added 704 HivePower to my balance (including HivePUD power-up), which would be 352 HP per week... It is a bit "fake number" (because of HivepUD), but it is a number that I should aim for in "regular" weeks...
The truth is that as the HIVE price is going up, it will be harder and harder to keep the focus on HivePower accumulation... I was there 2.5 years ago and it was a struggle, but it is possible to do it if you succeed to keep your FOCUS!
Another thing that will be harder to achieve is my second goal, getting more LEN tokens paired with HIVE in the Liotes Diesel Pool! The LEN price is going up, which means that they are harder and harder to mine (more people buying miners and staking them), but also, I need more SWAP.HIVE to pair them into the pool... I did expect that to happen this year, but I didn't expect that LEN would continue to climb at this pace as it's doing...
Anyway, I have added 128 shares to the pool which is 16 shares more than I did in the last report! As those shares are not compounding (as HivePower, for example), I have to catch up with my monthly goal as it will not become easier as time passes...
I'm not sure if you have noticed, but even the STARBITS token price went up a bit in the last few months, which is great to see! Rising Star is my favorite game on HIVE and I like the development, and the community, and it's fun to stack those cards! As I was going down in the general rankings, I decided to begin with regular market purchases of additional cards... Along with that, I'm still opening 60 packs per week...
In these 2 weeks, I have added a bit more than 1500 NFTs to my collection, which is a bit more than the last time!
These were my initial numbers and goals for 2024, created on January 7th, 2024...
MyHiveGoals 2024 Edition - The Beginning!
Join me in this awesome #MyHiveGoals and let's grow together! It is fun, motivating, and will keep you focused!
Thank you for your time,
~ph~
PS. None of this is financial advice of any kind...
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You have planted well these years and now harvest times are approaching.
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I did miss harvesting more in the last cycle and I hope I will not make the same mistake this time too! 😃
If the price of HIVE had stayed over $1, things would have been different for all of us today. However, I think that staking HP during this period was the best investment as I always say that we should have HP to the some extent.
Powering up HIVE all this time was more than beneficial... Not just from the monetary side and the curation+staking APR over 10%, but also from the side of growing the account and lifting up other people by upvoting their posts and comments... ;)
I agree.
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Thanks for your curation! Always appreciated!
It's still so crazy to me how many people simply don't understand that stacking in the bear market is so powerful. It's like stacking gold and silver when times are good and having it to fall back on when times are bad. But with crypto it's so much more damn easier! Stacks on Stacks
I think it's not just the "not understanding" how it works, but rather how it is difficult to actually click on that BUY button when markets are bleeding... It's not an easy task at all and not everyone can do it...
Especially with all the noise spreading on the Internet, TV, etc... People get scared and stay paralyzed...
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Wealth is definitely built up in the bear market. Nice job on building during those periods and nice job on your progress. It does suck to hear that Hive accumulation drops but we do get more HBD in return.
Well, HIVE accumulation doesn't drop as rewards are calculated in HIVE and that's why we are getting "more" HBD... The problem is hesitation in accumulating HIVE when the price goes up and the temptation of taking profits and selling it... That's why it's harder to accumulate HIVE in the bull market... + if you want to buy it, it is more expensive... 😃
Let’s assume that the price of Hive is over $1, you must have been on another level entirely. You didn’t waste your time on irrelevant things but the volatility of crypto makes it feel like you’re still in the same position
Seeing HIVE over $1 would get us to another level... Not just my holdings, but also all the people in my surroundings as they would get higher upvotes... 😃
!BEER
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One of the things I am grateful of is that gradually my portfolio is getting quite better much more than last year and I believe it will continue to get more and more better as it actually goes
Hmmm... are you sure? I'm seeing a lot of power downs and cashing outs... That's not exactly how you grow your account...
Well said. She has been a regular comment farmer on my posts. Btw congrats on your growth. You seem to be very well positioned for the bull run that has already started. If only I was not so ignorant and stupid in the trading department... Most of my 100k+ Hive earned here over the years is already gone, mostly sold for ridiculously low prices and mostly because I had to. If Hive joins the craze later on (as we all hope) and is worth a couple of dollars again, I´m gonna be tearing my hair out. Big time.
Huh... Well, there is a huge difference between when you HAVE TO do something and when you CHOOSE to do it... In your case, you had to do it and that's it... I mean, you can't be pissed off about that, especially if you did it for a reason that I think you did (family)...
On the other side, regarding trading, I did some stupid things in that "department" too... lol... But, luckily, this time I was playing with just a small percentage and not with my whole portfolio... It looked like I did something good, but when I would compare it with BTC, it would be better that I just stuck with BTC... lol...
Anyways, there is still time to accumulate some HIVE... I don't like to give some unreal predictions, but 50-60c HIVE can hold on for some time if we reach it... After that, I suppose we will have some crazy spikes, but it is unreal to expect HIVE to stay there... Unless something crucial happens on the chain...
I know what you mean but I have been a really terrible trader for way too long. In fact, long enough to lose my Hive fulltimer status because of it. I wrote more about it here. But it serves me right.
Yeah, I´m curious to see where Hive makes it when/if the alt season comes but I will probably be watching it from the sidelines, getting used to a new job that I will hopefully find. But who knows, maybe Hive will hit 10 bucks and stay there, which would make Hive fulltimers from all of us :D
Hmm... I re-read your post that you shared and I have to say that I was sharing the same view at a certain time... I was playing around, trading in and out HIVE, but it is unrealistic to believe that you can hit and sell at ATH, with an already powered-down and prepared HIVE...
Because of all that, I was more observing what big-heads on HIVE are doing, those with huge HIVE bags... They are using their HP as a hedge (or maybe better as a ledger), monetizing it in other ways... Maybe taking out by running a Hive witness, or circle-voting on DHF proposals... They rarely power down, but they do live from HIVE!
Not saying that you and I can do the same 😂, but having HP and some HBD in savings, could help out the family budget... I know that even with 100K HP that's not enough for living costs in Europe, but it can help...
Also, my main issue in late 2018 and 2019 was that I didn't take any profits at the end of 2017 and those two next years were hell for me... The worst period of my life... 😞 I learned (part of) a lesson, took some profits in 2021, and now I will try to do it better than then... Living from crypto is possible, but as of these long, 4-year cycles, it is important to calculate the budget in advance, and to right things in the bear and bull markets... And not do things in reverse, like probably both of us did in the past...
Wish you the best, my friend! It is possible to do it, but we have to load up with patience and a good plan!
Wise words and interesting thoughts here. The lesson that I learned here the hard way is that being a successful blogger is not enough. To be able to live off Hive, you need to be a very good trader too. Unless you live somewhere where just a few hundred bucks monthly gets you a comfortable life...
Btw speaking of the whales, I wouldn´t say that they live (only) from Hive. From what I know, most of these big guys with millions of Hive hold even bigger bags of other coins and assets. Then, with some trading skills, common sense and discipline, it can be totally doable to live off crypto, even in the most expensive parts of the world ;)
I will leave just one more comment on this... I tried trading a couple of times in my life, and I was even successful in many trades... But, it was too stressful for me and it was not healthy for me at all...
The moment when I stepped out from the "trading mindset" into the "investing mindset" everything changed... In those moments, I stopped calling myself a crypto-trader, but rather defined myself as a crypto-investor! Having a long-term view of projects and tokens helps a lot...
Wish you all the best, my friend!
Yeah, sounds reasonable. But to be able to be a "long term crypto investor", it means you need to have some other funds / sources of income to cover your life expenses. I hope to find a job soon and get into a position where I will be able to start staking Hive again. I´m not exaggerating if I say that every single power down hurt, like really hurt... I owe my account and the community a lot of power ups. Hopefully soon :)
Hive was the clear winner, it's outrageously underrated, especially with the analysis you did with your BTC holdings and how your hive stake have almost tripled in 3 years.
What is most exciting is that my HIVE tripled in HIVE value, which wasn't the case with my BTC, ETH, or some other tokens... People forget that we can EARN HIVE during the bear market by creating and curating content...
That's another level of growing your portfolio!
Bitcoin keeps going up, man. I think it's already surpassed its all-time high. I'm very curious to see how far it goes.
Yeah, I have done the "old news" thing again! I did something similar just a few weeks ago with my post "Bitcoin Surging To 55K! .:. WorkerBee PH-Pool Week 159", when BTC went over 60K the next day... lol...
...and today we did surpass the ATH, after this post... 😂
I like the price discovery phase as nobody knows where the price will finish (this cycle... if this isn't the last cycle... 😃)...
So are you still not going to give investment advice 🤣
Hehe we have came a long way! Fortunately, I have been DCA-ing the past few years so I have more than what I had in the previous run, even at the same price. But this time, I told myself I need to improve on my profit taking plans.
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Wooohooo! That's great to hear that you are in a better place than you were before! I have converted almost all my fiat into crypto in my first run (2017-2018), so I didn't have too much more to DCA.... lol... But, I did accumulate some tokens like HIVE, and others through LPs and staking...
Thanks hehe! Cheers!
When I remember that I bought my first crypto on 22.02.2021 🤣
Luckily, with a good education, I didn't sell out what I bought that spring, but bought more during the bear market and thus reduced the entry price.
And I have now welcomed this growth... You just have to be smart not to look at the fluctuations of the portfolio value, but take profit at some levels and wait for the next three, four years...
And as for HIVE, I'm letting it grow organically as far as it will go.
Maybe I will sound abnormal, but for me the important thing here is to have fun, share and read stories and other content, as crypto people would say, "I like technology, I don't care about money" 🙂
Heheheh... I heard it happen to many... to join at the top... But, it's good that you used the bear and accumulated it there!
I tried to do the same but finished funneling all my second-layer tokens back into HIVE... Which wasn't a bad idea... 😃
Those of use that carried on building our accounts during the bear market are about to reap the rewards BIG TIME! The Rising Star accounts (we have a few different ones for different uses) have never been stronger! Let's go!!!
Woohooo! Believe me, I still remember you repeating the words during the bear market... "It will be better when bulls come"... Congrats on your persistence in building during the bear... It wasn't an easy job at all!!!
Rising Star to the Mooon! 😃
I love your trip to the past to see when you were at the same dollar level. I'm curious to check myself.
Let me know your numbers if you succeed in gathering all the data... It is interesting to compare "now and then" 😃
I have about the same numbers as in May 2023 (I compared the beginnings of months), but my stats include both crypto and fiat. Just at a glance, Splinterlands assets were significantly higher then than now, that's why the general market growth didn't pump my overall bags to the same extent. 2.5 years ago (September 2021) I was about 2.25x higher overall, again due to Splinterlands, which was at ATH for all its assets. One of my biggest mistakes in crypto for not selling more of them at that point. Excluding Splinterlands, both then and now, I am about quite higher than 2.5 years ago. 😀
Nice to hear that you are in a better position than you were, despite not monetizing Splinterlands when it was on the top...
Btw. I didn't calculate my SPL bags at all, but I have my wife reminding me that my SPL assets were as valuable as the value of one apartment... lol... 😂
Yeah, don't remind me, lol.
It's just that people who have been patient have got their money back and the only person who has been patient and DCA has always been successful in this market.
Are you patient?
*patience
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