I’ve read quite a few good posts by people setting their Hive goals for 2022. Many have ambitious targets for where they want to be in terms of Hive Power, as well as other tokens including Leo Power and Splinterlands Shards, by the end of the year.
Myself, I usually prefer to make strategies rather than goals. A goal for the year is not specific enough about what you’ll want to be doing in there here and now. Sure, a goal of building up more Hive Power could mean making certain purchases of HIVE every month, aiming to write a set number of quality articles, etc. But I think it’s always more powerful to define the concrete action you’ll be doing each day, or how you will attack certain opportunities, to get there.
Post at least twice per week
I took a decent break last year to recharge. It worked wonders! This year, however, I feel like I should have no problem writing at least 2 posts per week (perhaps with an exception for the summer holidays). Planning for this, I can spend some time thinking about what topic I would like to cover, and perhaps do a bit of writing even if I don’t intend to publish the post that same day. Looking at how I’m now at day #10 for the #januarystreak, I think this should be fairly easy.
Powering Up
I intend to Power Up at least 1000 new liquid tokens per month. This is not a large amount, but good enough to see decent growth over time. I will also keep 100% of new curation rewards, staked-author rewards, etc staked without adding another power down except in the case of an unlikely high price spike (read HIVE at $20, in which case, I could do 2 power-downs but not more).
HBD
I wrote a post last year when HIVE was at its ATH about whether or not it was a good time to start Saving HBD from post rewards. I think time has shown that it was indeed a good time, with prices now having fallen to the point where I could get more than twice as much HP from buying HIVE on the internal market and staking it now versus doing it then.
As I think it’s primarily the price of HIVE that will dictate what the best option for HBDs are, I’ve set a few ranges for what to do with the HBD based on different HIVE prices:
$1 HIVE + : Move all HBD from post rewards to HBD Savings account to earn interest
$0.5-$1 HIVE: Move 50% of the HBD from post rewards to Savings, and use the other 50% to immediately buy HIVE off the internal market and Power it Up.
Sub $0.5 HIVE: Buy HIVE with 100% of liquid rewards and power up as well as withdraw HBD from Savings and start buying HIVE off the internal market.
The logic is quite simple. At a HIVE price above $1, we get a decent amount of liquid HBD. Saving it in the Savings account provides a quite respectable annual return with fairly low risk in crypto-terms. It also is a hedge against a stronger correction, in which case one will have more stable coins to buy the dip with. For HIVE below $1, I start to feel that the upside on HIVE is greater than its downside and that I thus want to buy more HIVE instead. After all, those who kept on posting consistently while HIVE was at $0,11-0,20 and always bought HIVE with their liquid rewards and powered up made just as much from their posts as people doing the same thing today, despite the large differences in the value of HIVE and displayed post rewards. Finally, should HIVE drop lower than that, then that’s part of the reason to have some HBD Saved, to begin with: It’s a good buying opportunity, and means you can get a quite nice amount of HIVE from your past rewards!
Conclusion
So to conclude, I’m a big fan of “simple rules”, especially when it comes to money. We can think and analyze ourselves to death sometimes in the hope that it will improve our decision-making. However, statistics show time and time again that sticking to simple rules, made from past data analysis rather than the present, provides better results while demanding a fraction of the time and stress. So I know that if I apply these simple rules, I will end this year with a lot more HIVE and/or HBD than I have at the beginning.