Time for another progress report for my Hive goals.
As a regular reminder on my progress reports, my Hive goals for 2022 are:
- 25000 Hive (Power)
- 5000 HBD
broken down into 1029 Hive and 406 HBD monthly. I have weekly guidelines too, but what is important are the monthly and yearly goals.
I see many were surprised by the spike on the crypto markets and wondering if it's a dead-cat-bouncing or if the bulls are back in charge. I was surprised too, and waiting to see what happens... Either way, I am ready.
Actually, the pump in HIVE price hinders my progress with this goal, in two ways:
- we earn less HIVE POWER as author rewards (even if they are worth more dollar-wise)
- I can buy less HIVE regularly, unless I use something that grew as much or more than HIVE to buy it
At the same time, the dollar-value of our HIVE holdings grow, which make most Hivers happy.
I won't try to push on HIVE or HBD goals more based on price, because as we can see, on the short term price evolution is quite unpredictable.
Instead, I rather follow the DCA approach and keep adding every week - often every day of the week - to keep relatively close to my guidelines and especially the monthly goals.
Last month I managed to reach 75% of the HIVE target on the last day of the month, as discussed on my previous report. That was the best I could do on that target, which means I need a 125%+ of the monthly target for HIVE in one of the remaining months, without missing another target to reach the yearly goal.
February goals are going to be tough to reach. Being the shortest month of the year and prices as they are, it may be a second month where I don't hit one or both goals. But we will see, it's not like I'm giving up.
This week I also shifted some HP around. I reduced some delegations to HE projects and removed my dlease delegations, and delegated the returned HP to my main account, which now has almost double the HP it had at the beginning of year delegated to it. And a higher upvote, accordingly.
So, let's see some numbers for the week that is about to end:
Despite the HIVE price which worked against my goal, I forced myself to do a decent job this week, after missing the HIVE target last month. Luckily a good chuck of HIVE counted for this week I bought on Monday when the price was lower, to improve my monthly goal final number for January.
Even though I was a few percent short of 100% of the guidelines, I gave myself a pat on the shoulder by coloring the numbers in green. :)