Hive Token Progress Report April 2024
For the last couple of months my progress towards my Hive goals for this year has been slowing down, especially my progress towards my HBD goal. You can see there was a big boost to my HBD holdings a couple of months ago, and since then progress has slowed down. Even so, I've managed to move forward with all but one of my Hive-based crypto assets, but why the slowdown?
Waiting for the Bull... ₿🐂
The main reason is that I have not transferred any of my affiliate-marketing-generated Bitcoin for a while. That is because I am expecting the price of Bitcoin to rise significantly later in the year, so I'm letting my Bitcoin accumulate and earn 4.69% where it is.
Actually, it seems as if I missed a trick when Bitcoin hit a new all-time-high of over $73,000 back in March. That would have been a nice time to have converted it into HBD I think.
Right now, Bitcoin has dropped to $57,000, which I don't mind at all. Indeed, if it drops even lower in the next few days I will receive MORE Bitcoin in affiliate commissions than if it were higher, since the commissions are calculated in US dollars and then converted into Bitcoin... And then, just sit tight, earn the interest, and wait for the bull market that all the fundamentals suggest will kick in at some stage...
Until then, I will rely on content creation and the continuation of the 20% interest rate to keep building up my HBD.
Okay, here's how things stand at the beginning of May 2024:
| Crypto Asset | 1st January | 4th March | 1st April | 1st May | 2024 Target |
|---|---|---|---|---|---|
| HIVE Power | 3,438 | 3,527 | 3,553 | 3,581 | 7,000 |
| HBD | 1,346 | 2,001 | 2,142 | 2,185 | 7,500 |
| Staked SPS | 6,449 | 8,401 | 8,669 | 8,914 | 15,000 |
| CTPSB | 252 | 275 | 275 | 275 | 750 |
| LEN | 1,234 | 1,349 | 1,477 | 1,493 | 3,500 |
| Staked LEO | 1,518 | 2,269 | 2,273 | 2,275 | 3,500 |
| BBH | 1,046 | 8,067 | 8,088 | 8,307 | 10,000 |
| SWAP.BTC | 0.00012525 | 0.00018762 | 0.00018846 | 0.00018936 | 0.01 |
SPS
One token that I am accumulating at a faster pace is SPS. While it's cheap I'm prioritizing it when I convert swap.hive, then pairing small amounts with DEC and Voucher on Tribaldex, and staking the rest inside Splinterlands, where I've also been earning more SPS on the gaming side recently.
So there we have it. Keep chugging along and hope I can earn more on the affiliate marketing side of my business, then get paid in cheap Bitcoin, then see Bitcoin go to the moon and cash out into HBD and Swap.hive to smash my Hive-based crypto targets in 2024!
Cheers!
David Hurley
#InspiredFocus
Posted Using InLeo Alpha
Posted Using InLeo Alpha