It's always good to power up high as much as possible and this year I have been doing it a lot. The reason is that I want to accumulate more HP this time when the price is low. I don't think I need to explain to the regions why it is great to accumulate a good amount when we are in a bear market. It is obvious that accumulation is the right strategy and the market is down, and I have been doing the same since the beginning of this year. This year I have powered up more than 24k hive so far and since we are left with 2 more months of the year hence, I expect that I will be able to add a few thousand more. I'm not sure what exact amount I'll be able to add to my holding but can say that a few thousand should be added more to my HP balance.
Powered up 1k Hive
It is HPUD (Hive Power Up Day) today and I am doing my part by powering up Hive. By powering up 1000 hive, I have done my part for this event. I'm glad that I could do this amount, but I will be trying my best to power up as much as possible in the remaining two months of this year. I am trying to make it 80k HP and right now I am pretty much close to this. I have initiated the power-up and validated the transaction through the @keychain app. Its my favourite app that I use on PC as well as mobile.
The power-up is done and below is the snapshot for the successful transaction.
Hive Power now and Goal
Here is the updated balance after the power up and its 79217 HP as of now. I am much closer to the mark of 80k HP and I hope to make it 80k by the end of Nov month. My ultimate goal is to have 100k HP and will be trying to make it 100k Hive power in 2025. I know that it will take time, and I am not in a hurry hence I will be on track to see how soon I can make it and its completely dependent on the crypto market.
Here is the HP growth view for the last 1 month and I had approximately 76500 Hive a month back and now the growth has been consistent in the months' time. I am hopeful that I will be able to maintain it like this.
The bitcoin price grew in October month, but it went down again. This year is crucial for Bitcoin, and we can expect a good move in BTC price post-US election. The Hive price has dropped after the bitcoin price drop and the current price is a good price to buy more. I can not predict the hive price in the next bull run market but all I can say this will give good returns in the long run and holding more HP is great in many ways.
Thank you