Last week I skipped the creation of this #MyHiveGoals report, but this week, I can't do that as I want to know where I am, do I have to change/tweak something and just to re-focus myself on important things... And, if you are following "global" news about crypto, you know very well what am I talking about... It is easy to get lost in the news and waste time worrying, freaking out, and FUDding...
Everyone has their own method to cope with these things and, unfortunately, some will fail, get trapped, sell low, and lose the battle... I learned that lesson a couple of times... First with my BTC purchase (and sale) in 2013... After that in early 2018 with my first all-in crypto bear market... After that, it became easier... I mean, it was hard to see how my portfolio is going down, but it was easier to control to NOT SELL when it's not time for doing it...
Created in Canva.com
One good method to avoid doing stupid things in the bear market is to STAY AWAY FROM YOUR COMPUTER... lol... It sounds easy, but it's not that easy at all... Especially not for younger people that can't imagine living without electric devices like mobile phones, tablets, and computers... I did something similar 2 days ago... But, to be honest, I didn't do it on purpose... lol... Here is the short story...
I bought my current laptop 2 years ago... The first thing that I did was to erase MS Windows (it came with a laptop) and install Linux... As I was using Linux Mint, I installed that distribution again... Everything went okay (at least I thought it was) and it worked fine... As I'm using my laptop as a desktop computer (always on power, with an external monitor, keyboard, and mouse), I didn't notice that I had a problem...
On my first trip, I noticed that I can't power on my laptop on battery! It would turn on, but when Linux would drop the image, it would go in standby, and couldn't bring it up... That was happening ONLY if I turn it on without the power supply (on battery)... As I don't travel too much, I was delaying fixing that problem... Until 2 days ago... I took my time and did 2 major Mint upgrades and 2 minor upgrades... Now, the power on the battery problem is fixed and it works... But, what this story has with crypto?
While I was doing that, I didn't have my computer available for work! And in those moments, we had the big FUD, price dumps of BTC, ETH, HIVE, and all the rest... As I was fixing my stuff, it was a perfect DISTRACTION from the market action... I couldn't BUY or SELL anything as I had to re-install Brave, keychain, and solve other drivers issues that I had... Would I do some stupid move or not, nobody knows as I wasn't ABLE to do it... 😃
So, if you doubt your ability to "sit on your hands" in these kinds of situations, I would recommend you do something similar to what I have done... DISTRACT yourself with something else... Go for a long walk... Go fishing... Visit a friend... You will do something good for yourself and keep yourself from unnecessary stress!
In the end, that's what mainstream media is doing with us all the time! They are keeping us distracted by some stupid news from important things! And if we check out how people react, I would say that it works very well! So, why wouldn't we do the same with ourselves, but in a healthier way and manner...
It's time to go back to other numbers for #MyHiveGoals... In the beginning, let's check out HiveStats...
screenshot from hivestats.io
As I didn't do this report last week, I can't really compare how I was doing as the numbers are "fake"... In the meantime, we had a #HivePUD and numbers are "rigged" 😀, but I can split numbers for two weeks and maybe deduct that 1K power up...
If I do that, it would mean that I accumulated around 210 Hive Power per week, which is great and it is inside my weekly goal! That means that I'm on a good road to reaching my yearly goal... Also, with cheaper HIVE the accumulation should be easier... Speaking of that, if the price goes down even more, under 20-25 cents, I will reconsider changing my Hive Power goal for a higher number... That 100K is very appealing... But, I don't want to rush things and I will keep my emotions out of it... until we see some lower price... 😃
The moment when LEO Finance team decided to stop printing tokens, the price of the token began to rise... So, what we can see at this moment is that it is harder to accumulate LEO tokens... Exactly the opposite of what's happening with HIVE!
In the last 14 days, I have added 126 LEO tokens to my LEO Power goal, which would be 63 tokens per week... If the price continues to go up, it will be hard to hit that 25K goal... The same as for HIVE, I don't want to rush into things, so I will do what I was doing and slowly continue to accumulate...
GAMING GOALS - Flexible Goals
One of the busiest places on HIVE at the moment is the Rising Star game! After the official launch of RAVES, they are actively adding new stuff to it... As a direct result of those actions, the price of STARBITS went a bit up, despite the negative crypto sentiment on the global markets... New sinks for the token are being created and I like how things are developing... It's very hard to work on stuff when everyone is negative and many other crypto-games have failed to do that... Rising Star is different and the whole community is having fun with it!
In the last 14 days, I have added 209 Rising Star NFTs to my collection!
When the GLX token hit the bottom and start to go up, I stopped buying tokens from the market... As I had some other "triggers" that I failed to execute, I decided to keep this one... Stop buying when the price goes up! But, that doesn't mean that I have stopped with my accumulation...
In the last 14 days, my GLX token stake grew by 5680 tokens! As I didn't buy tokens from the market, all those are earned tokens as staking rewards! I will continue compounding these tokens until the next "major event" that should push the price up... The idea is to start taking some profits in those moments by selling part of staking rewards... I suppose that I will have to wait for some more time, but that's okay... The idea was to accumulate these tokens for the long term, but getting in early...
It's time to update the numbers and put them into the spreadsheet until the next week! So, freshly updated numbers for #MyHIVEGoals, on June 11th, 2023 are:
These are my initial goals for 2023 created on January 15th, 2023:
Join me in this awesome #MyHiveGoals and let's grow together! It is fun, it is motivating, and it will keep you focused!
Thank you for your time,
ph
PS. None of this is financial advice of any kind...
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