My 18th HIVE Power Up Day June 1st 2023 ⚡🔋"Buying WOO assets to win the Zealy Quests for even more $$$ in prizes"
HELLO June 2023!
It's the 1st day of the month and that means it's HIVE Power Up Day again! 🎉🚀 Just like that, 5 months of this year has passed us by. 😱⌛️
The 1st of this month seems to be a pretty normal day unlike the past 2 months (April 1st: Jokes on you, and May 1st: Labour Day), not counting obscure days which aren't really widely celebrated. 😜
Regardless of the day though, I'm glad to say I'm still pretty much enjoying my time here and will continue participating in this initiative for as long as I can.
Another month in this year has gone by in a flash! I've joined HIVE since November 2021 and I'm still learning so many new things everyday! I first heard of Hive Power Up Day in January 2022 and all its other acronyms (PUD, PUM, PUH 😂 what a mouthful) and I'm into my 17th consecutive month of participation in HPUD now!
I've attained yet another PUM badge for the month! 📅🥳 (at least 1 post/powerup everyday!).
(Absolute FAIL here as I forgot to set a few days worth of posts to being 100% Powered up meant I missed out on this badge again 💔)
- I've also managed to make at least ONE post a day in keeping up with my resolution to post as regularly as possible. 😁
Ever since I started with the HPUM initiative in 2022, I've tried my best to faithfully make one blog post everyday in an attempt to get the Hive Power Up Month badge. I've managed to make it successfully for 9 out of 12 months in 2022 and will be attempting to get as many as I can again in 2023! 🥳💯
Another successful month of making at least ONE post a day with 100% to HIVE powered up (or adding 1 HIVE powered up if I'm a klutz and forget to set the post pay-out from it's default 50/50 😵). 🥳🥳🥳 This makes it 3 months (thus far) where I managed this achievement this year (2023). I still intend to continue on with this really good habit anyway 👍🏻👍🏻👍🏻 so lets hope I make it again for the next month again. 😁
Blogging regularly and having the HPUM to incentivize me has other tangible benefits too! I've seen my Hive Power grow quite a fair bit. This seems like a good practice which I intend to continue keeping up with!
In my VERY FIRST month before before I ever heard about Hive Power Up Day/Month, I was at just 47 HP 😭 (Before Jan 1st 2022).
This month, before I've even powered up anything at all, I'm already at 4621 HP! 🎉🎉🎉
That's how much the past few months of consistent blogging on HIVE with (mostly) 100% allocated to Hive Power improved my HIVE account!
And NOW... AND its POWERUP time! ⚡️💪 (1st June 2023)
Once again, I only have enough HIVE set aside for a 10HP powerup, but I'm sure with my continued efforts to blog with 100% powered up to HIVE, I will be able to grow my Hive Power even more!
As always, I usually make just the minimum powerup of 10 HIVE. This is because there are so many projects that I'm now invested in. The HIVE ecosystem is so much bigger than what I had thought it was when I first joined. I believe my constant allocation of most of my daily posts being 100% powered up is sufficient to grow my Hive Power daily. The rest of any funds from HIVE will usually be kept for other projects that are of interest to me (on HIVE of course 😁).
For the past month, my funds on HIVE was channelled towards getting more WOO assets, especially with respects to competing for the Zealy Challenge Sprints which afforded pretty attractive prizes.
Just take a look at the prizes offered in just the month of May alone (which just ended today on the 1st of June too! The prizes for the first 4 places are each valued from $50 - $100! 😱
While I wasn't able to place 1st, I still managed to finish in a very respectable 3rd place, so I think the small amount I spent was more than made up for in the end.
Unfortunately, this particular date also coincides with the ending of the WOO Land Discount of $5. From today onwards, everyone who decides to purchase WOO Land will have to pay the full price of $20.
Don't let this deter you though. WOO is scheduled for a full launch in Q3 this year. That's just about 3 more months to go. They're a game which has real ex wrestlers partnered with them and has great potential with a strong and hardworking team behind them to give them the best chance of success.
Just think of Splinterlands Land prices back then and now and you'll get the idea of the potential appreciation here. 🚀📈🤑
For anyone who still has no idea about WOO Land, you should read this link I'm leaving below here. That nearly 3000 word essay should give you all the nitty gritty details you need to know.
Some quick info about the Land Sale.
A large variety of payments are accepted.
Less than 6.2k packs left for sale out of the initial 10k!
Using https://hivestats.io/ , I was able to pull out a chart showing my daily account growth for the past month too. Great to see that orange graph head upwards continually 📈😄! If only my stocks portfolio and the price of HIVE looked like that too 😂🤑.
As you can see, blogging on HIVE is the main reason for this growth, with the majority of my author rewards being channeled into my Hive Power AND with no power downs at all. (All thanks to my attempt to chase for the Hive Power Up Month badge 😜) The growing Hive Power accumulated also has the other effect of increasing my Curation Rewards. 🤑🤑🤑
Therefore, to anyone who is doubtful about the benefits of regular blogging and remaining invested in HIVE, I implore you to take a look at my stats and draw your own conclusions. 😊📈👍🏻
📈💎🙌My Long-Term Plan📈💎🙌
Now clearly, I wouldn't just spend such an amount on just being able to write and reply in a community. HIVE as a token also has significant value and growth potential. As all the HIVE regulars know, HIVE reached its ALL TIME HIGH earlier on in November 2021 at about $3.
While the prices are no longer what they once were, the crypto market is still in it's infancy and I do think it's a good bet that HIVE will be around when the next bullrun comes along. 🐮🚀 📈
I believe this is a good time to DCA and accumulate some crypto (or any other asset actually) while everything is at such low prices. It could get worse before it gets better (and it probably would too) but as they say, time in the market - not time the market. 😉
Hopefully it'll pay off one day.
(Obviously, these are just my own opinions too, so please don't take this as some financial advice. I'm definitely NOT any financial expert/advisor 😅.)
I can see the potential in HIVE and am bullish on its future prospects. As they say, diamond hands and HODL 💎🙌, I too intend to just hold onto my HIVE tokens and since I've no intention of cashing out anytime soon, what better way than to participate in HPUD and locking it all in.
Keeping my HIVE powered up as Hive Power also earns about 3% interest and gives me increased returns on my curation. From what I've seen, curation APR ranges anywhere from 4-12% depending on how efficient I am at curating. This sounds low especially in the crypto world, but it is still far superior to any bank interest rates. 💰💰💰
I hope to continue to powerup monthly in this community event whilst also growing my Hive stake. It would be most interesting indeed to chart my monthly progress this way too.
Before I sign off, I would like to thank all of you people who've helped me in one way or another when I first started my baby steps on HIVE those years ago... @thebeardflex @hivetrending and the rest of the guys at the PIZZA DISCORD (join this great community, plenty of events and airdrops and friendly people willing to help!), @traciyork for helping me with lots of questions earlier on about Hive PUD/PUM and also for delegating a big chunk of HP to help in my early blogging days (and also another member of PIZZA!), @namelessnameless, @genming, @vaynard86, @relf87, & @koodies for all helping me in one way or another in learning about crypto in general. 🎉🥳🎊
I'll see you all again during the next Power Up Day next month with another update! Till then, See you and WAGMI! 💎🙌🏻🦍💪🏻