Now, after September there will be one last quarter "Q4" of 2023 and this year will come to an end where I'll look back to see progress and talk on things.
Still plenty of time left and going through tough times in real life and as well as Cryptocurrency Market as a whole struggling and kinda too risky.
Well, we do what's necessary and building the block of success by powering up each month and adding for long run. So, let's begin.
Ber Month Boost: My Hive Power Up - September
These are Ber Months and sounds more like "Bear Months" even though crypto is bearish nowadays waiting for Exchange Traded Fund (ETF) news which will come out tomorrow.
Hive is near to it's all time low of last year and Bear Market has been over since the beginning of this year IMO.
So, I found it's better time to get some hive and also power up like always to give HP a boost.
This time I did Powered up 50 Hive and it increased my total Hive Power (HP) stake to 2,323 HP.
After doing consecutive power ups it helped in sustainable growth and hopefully will continue to do so. I've already set the goals for the last quarter and time to have a look on the progress of that side.
My Hive Goals Progress 2023
The focus as of now is on building HP and currently my goal is to attain 3,000 HP before the end of this year.
I still have three more months and I'll try hard to make it possible on time.. for now I've been buying hive doing Dollar Cost Averaging (DCA) since it was at $0.37 to all the way at this point.
Going to buy more and as of now waiting for market to become stable and choose a clear direction first. also I'm keeping some Liquid hive to pay bills only when I need em.
Once hive will start to rise and reach to certain price target above .5 I'd plan to increase the stake of Hive Backed Dollar (HBD) on savings and currently there's discussion and decision need to be made for Annual Percentage Rate( APR) to stay at 20% or decrease it. So, that decision is something most of us hivers are waiting for.
Throughout this whole bear market adding up Layer 2 Tokens is worth it in my opinion and adding those to Staking and powering up.
Bear or Bull Market: A clear Direction
This is similar uncertain time like last year where majority of people were saying $12k per Bitcoin is inevitable and only some remained bullish.
Now is when I think Bottom is in the making and market will make it clear which side it is; bull or bear?
In my opinion it is better to do DCA instead of staying sidelines and buying hive in parts which is already seems standing next to All Time Low (ATL) of 2022, so in worse case scenario it will go to $0.23 and that would be ideal dip to buy. For now, a clear direction is all we need to know.
Wrapping Up...
In the end, another power up of this year and one thing in chart is growth more sustainable than market and in longer run HP will eventually gonna speak volume.
Let me know you've done power up already and if not than still plenty of time is left to do and would to hear about your thoughts in comment.
