I didn’t hit any of my five remaining crypto accumulation targets for 2023 last month, and progress across all the tokens was fairly modest. That was mainly due to my decision to spend a bunch of my October Bitcoin affiliate commissions on a bunch of advertising on a newly launched site, after converting the BTC to Litecoin.
The hope is that I will get back my investment and more in commissions on that site, as well as a bunch of new subscribers to a couple of my mailing lists... That, in turn, would enable me to speed up my progress towards my Hive-based crypto goals...
We shall see. In the meantime...
Here is the state of play as of 1st November 2023:
| Crypto Asset | 1st January 2023 | 1 October | 1 November | 31st December 2023 (Targets) |
| HIVE Power | 1,193 | 3,306 | 3,376 | 2,000 |
| HBD | 214 | 1,203 | 1,299 | 1,000 |
| INDEX | 1,204 | 1,903 | 1,903 | 1,650 |
| CTP | 44,403 | 51,739 | 52,731** | 60,000 |
| CTPSB | 200 | 251 | 252 | 250 |
| ALIVE | 2,697 | 3,801 | 3,958 | 6,000 |
| AWESOME | 0 | 0.816 | 0.88 | 200 |
| BBH | 41 | 1,030 | 1,042 | 1,000 |
| LEN | 111 | 1,014 | 1,184 | 1,000 |
| LEO | 118 | 1,500 | 1,505 | 500 |
| POB | 1,000 | 1,611 | 1,658 | 2,000 |
| Staked SPS | 549 | 5,840 | 6,045 | 2,000 |
| FreeBitcoin Satoshi | 3,350,260 | 3,712,148 | 3,498,342 | (5,000,000) |
| FUN | 125,080 | 167,626 | 170,690 | 250,000 |
Progress up the HBD Ladder of Freedom slowed down last month, but with the help of HBD interest earnings and content rewards, I was still able to add $96 to savings, and I have already hit the goal I set for HBD at the beginning of the year. However, I will be placing a lot more emphasis on HBD, and am hoping to speed my climb up the "HBD Ladder to Freedom" with increased crypto commissions from my online business in 2024...
It is a similar story with HIVE. I hit my 2023 target at while ago, but my goal for HIVE has become more ambitious in the meantime, and I added just 70 HIVE to my HP holdings in October. Not bad, I suppose, as it means I earnt over two HIVE per day.
Second Tier Hive Tokens
I haven’t yet hit my 2023 targets for four 2nd-tier tokens, namely,
- ALIVE
- AWESOME
- CTP
- POB.
Of those tokens I’m really only seriously intending to hit my targets for ALIVE and POB.
I think ALIVE is well worth supporting as it does a lot to help, encourage and grow the Hive community. This is one of the tokens that I will continue to focus on into 2024.
As for POB, I think it is worth achieving my 2023 goal as I use their tag whenever I post content. I will keep on growing POB, but will not set a specific target for it in 2023.
As I have mentioned before, I miscalculated the value of AWESOME and I doubt that I will have $200 worth of spare crypto to put into it between now and the end of the year simply to hit the target. As wish POB, I will continue to let Awesome grow at its own modest rate, but not set a 2024 target.
What About CTP?
CTP has had a disappointing year. With the developer no longer available to fix issues or move the project on, it seems to be stuck, as does one of the projects that uses CTP, Listnerds.
Right now our CTP holdings on Listnerds are stuck in limbo. Although I continue to add them to my total CTP holdings just for the record, it is pretty meaningless to do so at the moment as we are unable to withdraw CTP from Listnerds and there is no sign that anything is being done to rectify the situation.
So, although I will continue to stake CTP to the end of the year, it looks as if I won’t hit my 2023 target for this token. I will drop CTP from my 2024 accumulation list, although I will continue to support it by staking tokens, but without any specific accumulation target in mind.
What About LEO?!?
I haven't mentioned LEO yet, simply because I already hit my 2023 target for that token, but it is one of the few 2nd tier tokens that I will set a more ambitious accumulation target for in 2024. :)
Bitcoin and FUN
My Freebitco.in holdings took a caning over the last few weeks as I moved BITCOIN off the site to buy advertising on the newly launched AffiliateAdvertising.Club for myself and a friend of mine.
He bought $100 of LITECOIN from me for cash (Japanese Yen). And that, by the way, is the first time I have cashed out any crypto holdings, so that’s one for the records!
Meanwhile, several of my locked FUN positions on Freebitco.in matured, each with a 25% gain, and I promptly locked them all up for another year and another 25% p/a. I want to push on and hit my FUN target of 250,000 tokens by the end of the year.
And that’s it for October’s crypto accumulation report.
David Hurley
#InspiredFocus