This is a short sum-up table with the state of my goals in easier TLDR form. The table has only some information, so if you want details, they can be found in the post.
| Current State/Other Selection Criterion | Goals Matching the Criterion |
|---|---|
| Ongoing | 4 (HP + HBD Savings, LEO Staked, Comments Made, DEC Saved) |
| Main goals | 3 (HP + HBD Savings, LEO Staked, Comments Made) |
| Goals | 1 (DEC Saved) |
| Increased goals | 1 (HBD target for HP+HBD Main Goal) |
| Decreased goals | 0 |
I include a link to the initial goal-setting post for 2023, for reference, if needed.
What a week we had on Hive price-wise!
I know there are people who ignore price movements unless they decide to enter or exit their long-term positions, but when a certain pattern is almost guaranteed to repeat itself it is almost a shame to not ride it (if you are aware of the risks).
In fact, I am convinced the party who initiates these pumps (we know where they come from but not who they are) counts on the ]FOMO effect kicking in and amplifying their initial momentum, practically obtaining a leveraged effect without borrowing any funds (or maybe they do, but not as much). Our funds and FOMO are the leverage!
Another way they optimize some of their pumps is to time them a few days after HPUD when enough Hivers would have powered up their HIVE. That makes it easier for them to control when the dumping starts, I believe, and also means they know what happens on Hive pretty well (if they know about HPUD).
I never go on these pumps as they develop, because you never know how high they go. But I don't see a reason not to take profits as the pump does its thing. And in most cases buy back more after the dump.
Personally, I took advantage to a greater degree of the HBD pump, which came in first, and to a lesser degree of the HIVE pump after my 1000 HIVE power up. But I did manage to use it to my advantage to some extent because it wasn't a flash pump-and-dump like many are, and that gave me time to do some operations. More about that in another section.
Let's see what changed since last week regarding my Hive goals.
HIVE Power (HP) + HBD in Savings Main Goal
My staked HP increased mainly because of the HPUD power up to 27099 HP, and I have added a few additional HBD to savings last week, to 605 (mainly some leftovers from the operations this week).
Here's what the evolution of the HP+HBD goal looks like:
I'll need to have one of the targets (HBD or HIVE) reached to consider this goal completed.
As you have seen already with the HBD target, if it becomes too easy, I'll increase the target. But I won't increase it forever. Just like the market can play against your targets, it can play in their favor too.
It looks like the HBD target will be up for another increase very soon. The crypto market has certainly exceeded my expectations at the beginning of this year.
LEO Staked Main Goal
94 LEO staked during the last week, but I stopped staking for a few days to save for the LPUD.
A "scary" 933 LEO left to stake in February to meet the 1000 LEO power-up guideline. This is likely a too short month to make it happen. But we will see.
Splinterlands Land Expansion Main Focus
Land expansion's main focus extends throughout 2023. Unless I will change the strategy, it will be the only main focus / main goal for Splinterlands in 2023. But there will be several 1-3 months goals.
First Land-Related Goal: DEC Saved
This goal is progressing nicely. I decided to postpone the maxing out of the last legendary summoner airdrops for the time being.
The rejection of the land survey "potions" proposal, left this idea either totally abandoned or subject to another future proposal, but certainly, nothing to be decided before the DEC-B sale starts 2 days from now.
Lacking any certainty, I will probably not rush to buy any DEC-B, since my intention was to buy them to use on those land "potions", which were relatively imminent.
Without that use case, I will rather stick to DEC until we will have some clarifications. Anyway, since my Splinterlands focus is land expansion, I will not use DEC / DEC-B for other purposes (other than the remaining legendary summoners, which is a debt I have to pay for my Splinterlands goal from last year).
Comments Made
I started this week with a total of 12355 comments made.
Ended the week with 12452 comments made, which brings the number of my comments this week to 97. Better than the week before, but still not enough.
I need an average of 117 to reach the goal of 18k.
Weekly Task - Take Advantage of the HBD and HIVE Pumps; Buy More INDEX
I already talked about the HBD and HIVE pumps we experienced last week at the beginning of the post.
But how did they influence my weekly task?
They did, especially the HIVE pump, because I had to adjust. I have very little liquid HIVE other than on liquidity pools and that wasn't a good time to withdraw it from there during the pump (close to its highest point).
What remained were Hive-Engine tokens where the order book wasn't updated already to take into consideration the change in the price of HIVE and with a decent enough liquidity. That and my own buy orders, which I canceled (temporarily).
With the SWAP.HIVE at my disposal, I changed it to SWAP.HBD and waited.
Yesterday evening I decided to swap back. I also bought back the tokens I initially sold, and some extra (I purchased more INDEX). I added back the purchase orders (some of them) I canceled to get my hands on some SWAP.HIVE. And in the aftermath, I still have some extra SWAP.HIVE I didn't have initially.
Yeah, as much as I still strongly believe these pump-and-dumps are bad for our ecosystem, at the personal level if you know how to ride them you can get a little ahead of the curve.