HIVE PROGRESS - The Busy Bees 2024🐝🐝🐝 Progress Report Week 12

9 months ago

The Busy Bees

Good day everyone!

I was off from the docks for most of the week last week but still needing to deal with the drama and logistics of the place. We went back for one day. Then the weekend off and I took some time to spend with family.

Now it is Sunday and it is posting day! I will try to prepare some posts ahead of time because from tomorrow (Monday) I shall be going back to the docks and I will be busy as hell!

Right... I will overcome that too...

I will start distributing the Ecency points that I have received:
@papilloncharity has sent me 10,000 Ecency points to distribute to the Active Redfish and Minnows and help them grow!
@melinda010100 has sent me an additional 20,000 Ecency points to distribute as well!
Thus I have a total of 30,000 Ecency points to hand out!

This will go toward Redfish and Minnows who have been active!
Going to send 200 Ecency Points to Active Redfish and 100 Ecency Points to Active Minnows (Except myself), activity means you posted something this week.

Last week I distributed 3,800 Ecency points to our members and had 23,800 Ecency Points left over.

This week I distribute another 3,600 Ecency points! I shall have 20,200 Ecency Points left!

Thank you so much!

Congratulations!

Congratulations to @cryptoandcoffee for reaching 114,000HP!
Congratulations to @zakludick(meeeee!!!) for reaching 5,000HP!

Let's get into it!

The Basic Rules of Activity

Activity means posting and commenting within a 30-day time.
Posting weekly is recommended.
Supporting one another with votes and engagement is encouraged. There is zero enforcement, we just recommend it. If you want people on Hive who will speak and interact with you - just look at the people in this list!

There are a few accounts (like the top Minnows) that have gone inactive that I do NOT take down due to inactivity. This is mainly to give the active Minnows and Redfish something to aim at. It would also be really cool to see you guys catch up to these larger accounts due to your activity vs the inactivity of these accounts.

Progress List

Orca Category

@cryptoandcoffee
@papilloncharity

Group stats

Nomination of Gifts

My Nomination of sharing 50% of this post's payout goes to @maccazftw for being the lowest HP account that posted something this week!

In support of our Redfish doing well, For @alonicus' SBI gifts I nominate: @ngwinndave and @hellsveiah! Well done!

I have highlighted all the Redfish that have at least posted something in the list for @braaiboy to see who he can support using Ecency points.

Let's go! Good luck for the new week!

Inactive members

@anikekirsten, @stevemuis, @michieme, @thefoxygeeksa, @rexydayz, @evanrentschler, @juliadick, @temmylade,@giantbear, @geelocks, @pixelhuntersam, @newharvest, @nxghtrxven

Cheers!
@zakludick

Hive South Africa

hive-167922 proofofbrain neoxian palnet ocd gems busybees goals progress community

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28 comments

@hellsveiah 64

9 months ago

Thank you!

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@zakludick 74

9 months ago

Cheers!

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@jasperdick 74

9 months ago

Well done on 5000HP @zakludick! What are your thoughts on HIVE following a bitcoin uptrend after the bitcoin halving? Is there an opportunity to sell HIVE/HP high, and then buy low again?

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@zakludick 74

9 months ago

I am guessing that the uptrend of Hive is not quite over!

There is always opportunity to sell high and buy low. You just need to have threshold set up and act on it.

Of course, its best if you have the time and the capital to sit and wait.

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@alonicus 69

9 months ago

I've been doing it the other way - buying HIVE when it dips and creating a small reserve of liquid HIVE. As well as using it for SBI's and HPUD, I've mostly been buying HBD when the price of HIVE goes up, because it creates amazing value for money.

The last lot, I used HIVE bought at 30 cents (i.e. 3 to buy 1 HBD) but bought HBD when the price had risen to 40 cents (about 2.5 to buy 1 HBD). The HBD then goes into savings and spits out interest at 20% APY, which is currently making me about 28 HBD per month. It's a serious win-win 😀

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@jasperdick 74

9 months ago

Ah yes, I see you have a proper HBD savings nest egg... I'm working on that too, about half of yours so far...

I have more or less the same idea, except I would have to power down my HP into liquid HIVE (starting to do this) and then try to sell into HBD when HIVE is higher than it's been on average over the last year... so it's hard to guess what that good price would be, starting from simply being higher than average over the last year (over $0.5/HIVE?) to the predictions of where it could go in the next few months... like $1/HIVE maybe?...

Trying to weigh up the negative emotions of selling at 0.5 only for it to go up further, with the stress of realizing a more ambitious target is never even reached and then settling on the way down...

Then put the HBD into savings at 20%...

Then an even harder decision is whether to buy back into HIVE/HP when the price drops again one day... and trying to guess how low it will ever go again?

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@alonicus 69

9 months ago

lol, yeah, trying to guess what prices will be is a great recipe for insanity 😁 I just set my rewards ratio to 50/50, and put a bit of liquid HIVE into HBD each week. I was lucky enough to have a bit of spare cash to be able to buy a pool of liquid HIVE (and then the car decided to become expensive, but that's another story...) and don't worry too much about the current price, because the 20% interest will make up for any poor price points in the long run.

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@jasperdick 74

9 months ago

Yeah, I have seen a bit of grumbling on the 20% interest on HBD savings. It is a very generous reward for what is quite a safe investment, and I think it takes quite a lot to keep HBD pegged to the dollar and increasing at 20%!

Theoretically a more volatile investment like HIVE should pay off more in the long run because it is risky, but it has yet to be seen if the average increase in the HIVE price will be better than 20% in the long run.

We should be tempted more towards staking HP, because that's when our vote starts to count and we give back to the community. However, even when I curate a lot, the rewards would struggle to reach about 10% of my HP per year... and so I would have to hope that the HIVE/HP increase over time can make up the difference - I guess we haven't seen that yet, but maybe we're just about to?

That's the problem - if I can get 20% from HBD savings, that's better than most risky investments in the real world... so I could easily settle for that and never become a powerful curator giving back to the community by staking HP...

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