Every first day of the month is called Hive Power up day. That is the day when many people power up their liquid Hive and show support and love towards this platform. I have been doing this for more than a year now. Good thing is that I was able to power up a huge value last year and in the last few months, I couldn't do much. Now I'm back again to try and do big power-ups.
I'm glad that I was able to power up a total of 500 Hive yesterday on the occasion of Hive power-up day. Usually, I only do 100 Hive or that is what I had been doing for the past few months but now again I thought I will be able to add a little more to push myself towards completing the goal of 27k Hive power before the end of this year. I'm guessing I might be doing more power up next month as well.
The market looks pretty stable right now and sometimes it keeps swinging from 70 cents to 85 cents. People who are good at trading can make use of this opportunity. I was also able to do some good trades with this opportunity. Yeah, it is also a risky trade as well. But if we are ready to hold long-term, then it shouldn't be a big problem.
In my last post, I mentioned that I made a mistake by purchasing a lot of Hive at 80 cents. But in the last month, there was again another opportunity where the price pumped over 1$. I had placed a sell order at 80 cents and it was triggered. So it wasn't an advantage for me but at the same time, it wasn't a loss either. I'm glad about it. As long as the price stays above 50 cents I'm happy about it. I'm also thinking that 50 cents would be the next floor price for Hive and it can be quite rare to see Hive go below that price. Just a guess.
I'm able to see that my Rank has also improved now. Last month my rank was close to 526 and this month it is close to 501 among all the top stakeholders on Hive. I really wish someday I reach the top 100 stakeholders but that's a huge dream and requires so much hard work. I'm assuming there are also other distractions here because some of the funds go to other projects on Hive. Investment in Hive Engine tokens and especially HBD investment is the new craze that gives a good 10% APR.
Maybe I should have taken this screenshot two days back but yeah no harm as two days is not going to make a huge difference. I'm glad that the Author rewards are consistent above 500 Hive which is very good and in addition to that the Curation rewards are also looking pretty good. Curation rewards are the perfect passive income here because Author rewards require hard work every single day. Curation rewards are easier compared to that even though manual curation takes a lot more effort.
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Wow, thats a lot of Hive Power :O How did you manage to accumulate all of it? I assume you are buxing consisten Hive?