Hive Report and Goals Edition

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Hive Report and Goals Edition

How fast a week goes. I tell you one moment I start in on a project and the next it feels like I'm working this goals report again to realize it's been a week already! With that being said it's important to always reflect back on what you did during that time. Make adjustments and become more efficient along with more time for the extra things in life you enjoy.

This weekly report is to keep myself accountable however it's also built in a way to show others what is possible with continued work, investment and time spent on the hive blockchain. It's also become a way to recap what happened on Hive over the last week. Hives become big enough now that it's become hard to keep up with everything at times and so some thing might be missing from this report.

What's New At Hive

In general it's been a quite week at hive along with a price down turn of high 50 cents to now high 40 cents which is starting to get me a little worried about the state of everything. Many of my recent blog posts how centered around the stock market, governments and the world economy that in general looks like it's going to be a huge mess into 2023.

That mess however could be in your benefit if you have Fiat or stablecoins sitting around collecting interest. That passive income stream can now be used to invest into projects you believe in while they are sinking. This is where dollar cost averaging really comes into play. I don't really dollar cost average in a bull cycle instead if play with what I have and cash some out during those periods while bear markets and deep sell offs like now are all about increasing the stakes of tokens and not so much stablecoins.

We are starting to see a turn around in CUBDeFi finally. It's slowly growing into a sustainable defi platform however as prices start to rise the burn rate will start to decrease as it becomes more expensive to buy back and burn the CUB from collected fees. Also during this huge down turn the fees collected dollar value are much lower then they would be in a bull market so keep those things in mind.

The Goals

Days left in the year: 90 (3 months that's crazy!)

Hive

Goal: 100,000Current: 80,829.521Needed: 213/daily

I only managed to push 42.32 hive per day this week which is a pretty steep decline from last week which was 67.42. That 100k goal seems like it wont be reached by years end unless some Splinterlands assets blow up in the next three months. With Hive and also LEO I've stopped looking at dollar values and instead at token values. Right now both are just way too low to even consider trading or doing anything with them really. I did add some HBD and Hive into a CUB farm however which I'm not accounting for here but I believe that would have only scratched about 50 hive a day at that point.

In general my goals now are to stack into potential passive income streams for the future when things rally. While most of these pass income streams as super low that possibility during a uptick in the market has enormous potential. It's crazy to think just a year and a half ago defi platforms like pancake swap where turning out hundreds of dollars daily. That's now dried up into less than 100.

What I look at however as stable and still growing and developing projects like this and invest steadily into them and continue to build the stake through their DeFi methods. Even if we don't bull run before the potential of a increase is there if the token is increasing in value during this bear market cycle. This bear market is going on a year and a half now and I'm thinking more and more we are in for another year at least.

*Graphs a little busted at the moment so no graph image this week. However earnings are down yet again not in just hive value but also dollar value which I'm still working towards correcting.

LEO

Goal: 75,000Current: 72,274.339Needed: 30.28/daily

Another sizeable decrease in daily needed to reach goal. At this rate however (of which I want to increase even more) puts me at one month till I hit my goal a full 2 weeks ahead of schedule which is a huge win for this year. Still others put me to shame with their 100k+ values but we are getting there.

For sure though this is one huge goal that's going to be hit. After that I believe I'll change the goal to be more of a daily earning of LEO token which I'd like to push to 250+ daily for the first milestone.

Splinterlands

Let's be honest 1 million SPS is a huge goal to try and get to. However I'm also building other assets within Splinterlands to not only grow the passive income streams from there but also to try and prime myself for other things. Splinterlands is a huge balancing act. Between airdrops for SPS holders, packs, lands and so on there's a lot of options and moves to plan out and play within the Splinterverse.

Primarily I'm doing a mix of staking all SPS and not buying anything with them right now. Selling off some vouchers during peak times to buy more SPS and buying packs through the passive income from DEC rentals.

It seems like soon we will be earning SPS from lands which should net me a ok amount of SPS to help push me closer towards that 1 million SPS goal. At 40 SPS per plot per month that would put me roughly around 5,500 SPS monthly (decreasing by 1% each month) All in all though it's going well and my hopes are vouchers and extra packs later on will be able to fuel large buys into SPS. I don't expect to hit that 1 million SPS this year however it will be a primary target to reach for next year. For now it's about building assets as efficiently as possible while playing and enjoying the game.

Posted Using LeoFinance Beta



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5 comments
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Wow!
This is inspiring…
I am new here and it is exciting to have learnt this😊

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This are great goals, I am certainly setting goals for myself also, hope to get to that point one day

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Just Great news 🗞️🗞️📰

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I am liking the changes to CUB as it was neglected for a long period of time but I am wondering if the changes in returns on the platforms is good or not. At least, I saw the kingdom APR drop because the multiplier went down. So I might not be putting as much there.

Posted Using LeoFinance Beta

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Good luck trying to hit all those goals! That’s some serious activity!

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