I have been on Hive for over seven years.
What I have thought would have happened by now never came to fruition. The future prosperity with the use of crypto and being wealthy in crypto is still far and elusive to me. I have myself to blame but now I am hoping to change as I want to be invested in Hive ecosystem a lot more as I have been in this ecosystem for so long.
Why I have such poor results stems from my poor investment skills. In my overall time here at hive I had accumulated in the tune of +32.6k Hive power in my life time. However I currently only have a little under 19k.
What I have invested may have raised my overall crypto net worth, but my overall HP remains below my actual earned HP and I want to change that. As of now I am going to plan on powering up more Hive in order to get back to my overall earned value of 32.6k HP. This means I will slow my Splinterlands investments and sell some other assets to retain some HP.
My net worth related to Hive is supposedly +$21k.
With more than half in Splinterlands and 25% in other investments within the Hive ecosystem but not HP. I am hoping to shift more of my earnings into HP and begin off loading some Splinterlands assets to HP. Why may I be doing this?
I believe its a good time to buy into Hive now as it is below its average of $0.30/token.
I have been focusing on Splinterlands for months and seeing how Rebellion card prices are falling and the demand for Splinterlands assets trending lower I feel I need to be diversifying more to hold up in value of what I have. In additional I want to earn more passive income through other sources besides Splinterlands. Do not get me wrong the rental and land production is great and SPS staked also adds a lot of options for passive income, but to diversify and increase some other ways such as HP it is my way to not keep everything in one basket.
In terms of investing in HP or HBD I will stick to HP mostly as it allows me to accumulate more with the lower $ price for the token. My 30 day income in author rewards and curation rewards is rounding close to $85 which equates to nearly 300 Hive. This is not much when it comes to reaching my overall goal as that equates to 3600 Hive in a year. Meanwhile I have to fill in a gap closer to 14k Hive Power to recover back to par. At this rate it will mean I have to sell assets to get back to that number.
In order to get closer to the 14k Hive Power per a year I am selling some of my BRO tokens and PWR. I have also been burning some Splinterlands cards to sell DEC for Hive. As of now the DEC to Hive price has fallen so I will be holding my DEC in a liquidity pool to earn more. I am hoping the price rises in the future thereby allowing me to swap into more Hive. Meanwhile I continue to play Splinterlands and steadily rebuild my land production while still growing my card collection for competitions.
I am enjoying Soul Keep so if and when that comes back online I will have some cards to progress further and hopefully yield some decent rewards. For Splinterlands I will continue to play Brawls and Survival mode. Add in the land production daily collection I am still very involved in the game.
The buildup of my HP is going to allow me to have more tokens to hopefully yield more passive income.
As of now I yield close to $0.40 in value per a day in curation. It will only increase as I stake more Hive. So in a way not only is my goal to breakeven back to how much HP I have earned overall I would like to raise my daily curation earnings to near a $1 per a day. This would mean at minimum I need to double my HP.
Although I am selling hive assets for HP it will be taking away some of my passive income earned in Hive Engine. I will accept that for now as I am really trying to stake enough HP to earn twice as much as where I have it stand. To aim high I hope to achieve this status before end of the year. With July almost over it means I have five months remaining to hit this goal.
Thanks for Reading!