Well, it's safe to say that January has so far been off to a slow start for my Hive-blogging. I got back from my Christmas holidays to find that half our product at work was entirely offline, and it took the better part of two weeks for us to get everything back up and running, which was more than a little stressful. As a result, I had less time for ttrpgs, gaming, and blogging than I'd like... But work has settled down now and that means I'll have a bit more time to enjoy my creative hobbies.
This last week added about 20 HP to the ol' hive power, which isn't much but isn't nothing so that's a start!
My goal this year is to double my current HP if not triple it. Currently I'm at 1862 HP, which means my base goal is to hit December with 3724 HP, and my "I did great" goal is to reach 5586 HP. Which would return me to about half what I was before I had to power down early 2024 to deal with some debt and such. So for my big goal that's a difference of 3,724 Hive. At current prices in CAD, that's about $2550 CAD, which means if I can manage to put about 200/month in for the rest of the year, I'll reach that goal even without relying on rewards.
That's a little bit annoying to do since we don't have a good on/off ramp for HIVE in Canada, so I'll eat some costs in taxes by having to buy some other coin on an exchange and then simpleswap it over... But it's theoretically doable. Trump's terrifs might make the cost of living up here dumber though so we will see if that extra bit of fiat every month is actually doable with everything else I'm also juggling.
Either way, it's a good goal I think. I hate being such low HP, and more than once I've been tempted to convert my HBD in savings over to HP, but I've been waffling on that.
Do you keep HBD? Do you prefer only HP? Sway me to convert! 😂 That 15% is tough to give up!
Anyhow, all that said I'm in the middle of prepping for my daughter's birthday tomorrow so Im going to keep this one short. Happy Hiving my friends!
I’m trying to double my HP too this year so good luck with that, I hold about 95% HP and 5% HBD at the moment but want to add more HBD too, like you say that 15% is nice but hoping the HIVE upside is better prospect at the moment, only time will tell!
!BBH
I think you can do it! Good luck dude!
Good progress !
Personally, I've been keeping the 50/50 split between HP and HBD rewards, as well as actually buying some HBD when the price was right. Although the upside on HIVE price might be good, I'm fairly risk averse and HBD is lower risk (both in terms of volatility and speed of unlocking). It's also possible to cash HBD out without the relative stigma of powering down HP !
I miss the 20% interest rate on HBD, but I'm almost back to earning 30 HBD a month in interest. Because of where I am in life, I'm trying to build passive income streams that need virtually no actual work, and HBD is one of the best for me. If I can multiply my stash by a factor of 10, it could provide enough monthly interest to be a boost nice enough to replace an entire side-hustle 😁
!BBH
Yeah, I hear ya on the passive streams - I'm nearing 40 and with 3 young kids, anything I don't have to focus a bunch of extra time and energy into is a huge win. If it grows basically by itself... that's fantastic. It's part of why I've kept HBD locked up. If it was easier to switch fiat into HBD here, I'd be adding more fairly regularly and hopefully growing HP along with it. Since it's not super easy and generates a few taxable events along the way, it requires a bit more planning lol.