This is my second report post in the #finweek category, where I write weekly updates on my progress in increasing HP.
Numbers
Previous value — 3,540 HP
Current value — 3,553 HP
Result for the week — 13 HP
Goal by the end of the year — 4,000 HP
Remaining to reach the goal — 447 HP
Average weekly HP increase — 13 HP
What has been done
- This week, I wrote and published 3 articles, with payouts expected next week.
- There are also a few unfinished drafts still in progress.
- Today, the cancellation of test delegations was completed, with a 5-day waiting period (I did not vote this week as part of the test). Immediately after completion, all 3500 HP will be delegated to Ecency. Only about 50 HP will remain in balance, which is quite disappointing and makes personal post curation impossible. Next week, there will be no curation rewards, only article payouts, and the situation is unlikely to change significantly in the coming weeks.
What I plan to do
- From the delegation payouts (theoretically 0.8-0.9 HIVE daily), I plan to create a separate fund for trading HIVE/HBD on the internal market. The amounts will be small, but in theory, it could help offset the inability to curate posts personally.
- Additionally, I will receive around 350 Ecency points daily from the delegations, which can be used to promote my posts on the interface. This, in theory, should increase post reach. Again, if I publish three articles per week, there will be more than enough points.
- Next week, I plan to publish at least one long article, which I believe will be interesting, on the topic of Hive sociology. This will be my first attempt at publishing a lengthy article. I'm afraid it might not get noticed, and the effort might go to waste. Honestly, writing long articles isn't difficult (when the topic is engaging), but editing and rereading them multiple times before publishing is a bit tedious.
- Before the next delegation, I plan to increase my HP to at least 1,000 before deciding on my next HP strategy (delegation or personal curation).
That's basically it. The current price of HIVE is quite interesting. I'm not saying this because I hold the coin and have a personal interest, but purely from a technical standpoint. Right now, the price is at the lower boundary of the accumulation channel that formed at the end of 2022. In other words, the coin has been in accumulation for over 2 years. There has already been capitulation of weak hands, when the price was pushed below the accumulation channel, specifically to 0.16 cents, and it was held there for some time. There is potential for growth, and it’s quite substantial (just keep this between us, let it be our little secret). This is not financial advice, make your own decisions, I’m just sharing my thoughts and a bit about my plans.
HIVE/USDT
In future reports, I will add metrics based on statistics, such as the average number per week, which can be used to set new goals and adjust plans. I think that next year these reports will be better structured and contain more information. I will also try to come up with additional content for this section to create added value for it.
Previous reports:
Financial Week 1 — Starting Point: 3,540 HP
I find it fascinating to read Hive-related finance posts like yours because users openly share their strategies for growing their stakes or holdings. There's so much to learn from these posts, especially since our journey here is centered on personal growth as users. A good measure of that growth is the stake our account holds.
I recently tried trading Hive-HBD, and although I did make a profit, I decided to stop because I realized I don't have enough conviction to keep doing it. :D
Do you use any tools to automate your trading, or do you prefer managing it manually?
Only manual management—bots are harmful. If bots don’t work correctly, as is often the case, they can cause even greater damage. I used to make money exploiting poorly functioning bots—they still exist, you just have to look for them. The only bots that work well are from major exchanges like Binance, Bybit, and similar platforms, but messing around with them usually ends poorly. I don’t have the resources to run such bots.
Right now, the market is in a special phase, and there’s no point in chasing small movements. Altcoins are making impulsive moves with large percentage changes. My current strategy is to wait for a strong impulsive move on the daily timeframes, then wait for price stabilization and lock in profits. Afterward, I wait for a correction from the upward trend—typically around -20-40% from the peak—and buy back with the goal of increasing the number of coins I hold.
I completely agree with you about following posts on this topic—there are indeed some interesting insights, especially for those who are less experienced. For example, how can someone with only 1k HP understand the perspective of someone holding 100k HP? They can’t, unless the person with 100k writes about it. And what about 1,000,000 HP? It’s the same situation. Having 100 HP on your account is one thing; having 1,000 HP or more is something entirely different. These levels unlock vastly different opportunities, shift your perception of the ecosystem’s philosophy, and open new doors. I’m not sure I’m explaining my thoughts clearly, but I hope you understand.
In my first post on this topic, I mentioned someone who wrote weekly reports for three years. I went through them all in just a couple of days. Consistent effort, focusing on one area over a long period, yields amazing results.
Please share links to authors you follow—those who write about strengthening their accounts. I’d also be interested in reading articles on this subject.
Thanks for the feedback.
Your comment is upvoted by @topcomment
You can support the Topcomment initiative by delegating HP
| 50 HP | 100 HP | 250 HP | 500 HP | 1000 HP | 1500 HP | 2000 HP |
Thanks, it's a pleasure.
Oh, I thought you were planning to do some kind of day trading. However, after reading about your strategy, it seems different but feasible, especially during these volatile times in the crypto space. Looking at the Hive charts gives one an idea of the patterns the coin is following. I hope you'll include some writing about your experience trading in the internal market and share your insights.
I'm curious because I don't find it easy to analyze Hive in terms of its price, so I gave up on it and simply focused on what I think I do better: posting and networking on the platform. :D
Regarding the authors I follow who consistently track their growth:
Some of them track their progress weekly, while others do so monthly. Some focus on Hive's L1 tokens, while others venture into L2 tokens. It's pretty interesting to see how they are progressing over time.
I'm not very skilled in day trading, especially not in the current market conditions. It might look something like this: buying at 0.27 and selling at 0.32. That’s great—a profit of over 10%, which is quite significant. But the problem is that you might not be able to buy back the asset at those price levels after selling. The next purchase could end up being forced at 100-200-300% higher. I consider that to be not very profitable, to put it mildly.
In my opinion, in the current market situation, it makes sense to wait—maybe days, maybe weeks—to sell the planned volume with the goal of buying back at a lower price. That way, it’s both more profitable and less time-consuming, and you’ll save your nerves as well. 😊
At the moment, I convert all HBD payouts from posts directly into HIVE, at any price. This serves as a trading fund. I also receive daily rewards from Ecency, which contribute to this fund.
You're doing everything right. If something isn’t working, you should try doing it differently. It’s just foolish to keep doing the same thing, using the same methods, and expecting a different result. If something doesn’t work, you need to change your approach. I’ve been through day trading in 2020-2021, and I didn’t like it. I drew my conclusions and changed my methods.
Thank you for the list of authors—it’s very interesting!
Your comment is upvoted by @topcomment
You can support the Topcomment initiative by delegating HP
| 50 HP | 100 HP | 250 HP | 500 HP | 1000 HP | 1500 HP | 2000 HP |
Sweet!
It looks like you’re also actively searching comment to upvote even without a call.
Well done 👍
Yes indeed. I have the voting power, so why not use it.
And it gives the project more visibility too.