HIVE Power Up Day October 1st 2022 : My 10th POWERUP! β‘π Bear territory, more Fed hikes. Opportunities to make $$$ with WOO final 30k Presale π€
HELLO October 2022!
It's the 1st day of the month and that means it's HIVE Power Up Day again! ππ
Another month in this year has gone by in a flash! I've only joined HIVE for about 11 months and I'm still learning so many new things everyday! I first heard of Hive Power Up Day 10 months ago and all its other acronyms (PUD, PUM, PUH π what a mouthful) and I'm into my 10th month of participation in HPUD now!
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I've attained yet another PUM badge for the month! π π₯³ (at least 1 post everyday!)
Ever since I started with the HPUM initiative in 2022, I've managed to faithfully make one blog post everyday and have somehow missed ONLY the Hive Power Up Month award for March (might have forgot to set some posts to 100% Hive Power π±ππ). I've managed to make it successfully for all the following months since then! π₯³π―
Another successful month of making at least ONE post a day with 100% to HIVE powered up (or adding 1 HIVE powered up if I'm a klutz and forget to set the post payout from it's default 50/50 π΅). π₯³π₯³π₯³
This makes it 9 out of 10 months since I discovered and started on my quest of HPUM-ing this year π. I still intend to continue on with this really good habit anyway ππ»ππ»ππ» so lets hope I make it again for the month of October π.
Blogging regularly and having the HPUM to incentivize me has other tangible benefits too! I've seen my Hive Power grow quite a fair bit. This seems like a good practice which I intend to continue keeping up with!
πHow it All Startedπ
I came onto the Hive blockchain trying to set up an account for SPLINTERLANDS. Prior to this, I had just about ZERO knowledge and experience with any Blockchain. It was pretty confusing to me as a complete novice - much different from how the usual process of setting up an account to play any game goes. π΅
This led to me googling around, and of course, I stumbled onto all the Hive blogs with their guides. One thing lead to another and I somehow stumbled upon the guys from πHive.Pizzaπ who were extremely helpful in answering all my queries and guiding me along. Shoutout to all PIZZA members. JOIN THEIR DISCORD if you need any help!
β‘οΈHIVE POWER UP DAYβ‘οΈ
In my VERY FIRST month before before I ever heard about Hive Power Up Day/Month, I was at just 47HP π (Before Jan 1st 2022).
This month, before I've even powered up anything at all, I'm already at 1888HP! πππ
That's how much the past few months of consistent blogging on HIVE with 100% allocated to Hive Power improved my HIVE account!
And NOW... AND its POWERUP time! β‘οΈπͺ (1st October 2022)
Once again, I only have enough HIVE set aside for a 10HP powerup, but I'm sure with my continued efforts to blog with 100% powered up to HIVE, I will be able to grow my Hive Power even more! π€
I am not using up all my HIVE once again this time round as there's some upcoming projects that I do intend to set aside some funds for.
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The 3rd and FINAL sale of Alpha packs for WOO - Wrestling Organization Online @wrestorgonline. This is scheduled for the 31st October, meaning I still have 1 month from today to scrounge up more $$$ for what I believe will be an amazing project ππ€
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I've already accumulated a nice amount of $WOO but I intend to keep quite a bit of liquid HIVE/HBD lying around too to be able to add on and buy even more packs should I be able to. π
P.S. Feel free to have a look at this link to read up more about the upcoming WOO sale.
So as you can see, there's plenty of money that needs saving (and spending) π€£πΈ.
Using https://hivestats.io/ , I was able to pull out a chart showing my daily account growth for the past month too. Great to see that orange graph head upwards continually ππ! If only my stocks portfolio and the price of HIVE looked like that too ππ€.
As you can see, blogging on HIVE is the main reason for this growth, with the majority of my author rewards being channeled into my Hive Power AND with no power downs at all. (All thanks to my attempt to chase for the Hive Power Up Month badge π) The growing Hive Power accumulated also has the other effect of increasing my Curation Rewards. π€π€π€
Therefore, to anyone who is doubtful about the benefits of regular blogging and remaining invested in HIVE, I implore you to take a look at my stats and draw your own conclusions. ππππ»
πππMy Long-Term Planπππ
Now clearly, I wouldn't just spend such an amount on just being able to write and reply in a community. HIVE as a token also has significant value and growth potential. This is the price chart for HIVE since it's inception. As all the HIVE regulars know, HIVE reached its ALL TIME HIGH earlier on in November 2021 at about $3.
After the tumultuous past few months, during which several big names in the industry collapsed, I think this month has been pretty stable so far. π The overall bearish mood in crypto (in fact in the entire financial world) continues and just about the price of everything is depressed still.
The Fed has unsurprisingly raised interest rates by another 75 basis points, making what seems to be rather expected rate hikes by now. The implication of such policies, together with the continued war of aggression by Russia in Ukraine means we probably won't see any uplift in the economy anytime soon. The world has become more insular, which is the complete opposite of what crypto and a global economy aims to do. These are dark times indeed. βΉοΈ One must always see the silver lining in the clouds though. We are human and humans by nature always see hope for the future. How else would we have progressed as a species? π
I believe this is a good time to DCA and accumulate some crypto (or any other asset actually) while everything is at such low prices. It could get worse before it gets better (and it probably would too) but as they say, time in the market - not time the market. π
Hopefully it'll pay off one day.
(Obviously, these are just my own opinions too, so please don't take this as some financial advice. I'm definitely NOT any financial expert/advisor π .)
ππππ₯³πWAGMIππππ₯³π
I can see the potential in HIVE and am bullish on its future prospects. As they say, diamond hands and HODL ππ, I too intend to just hold onto my HIVE tokens and since I've no intention of cashing out anytime soon, what better way than to participate in HPUD and locking it all in.
Keeping my HIVE powered up as Hive Power also earns about 3% interest and gives me increased returns on my curation. From what I've seen, curation APR ranges anywhere from 4-12% depending on how efficient I am at curating. This sounds low especially in the crypto world, but it is still far superior to any bank interest rates. π°π°π° I hope to continue to powerup monthly in this community event whilst also growing my Hive stake. It would be most interesting indeed to chart my monthly progress this way too.
Before I sign off, I would like to thank @thebeardflex @hivetrending and the rest of the guys at the PIZZA DISCORD (join this great community, plenty of events and airdrops and friendly people willing to help!), @traciyork for helping me with lots of questions earlier on about Hive PUD/PUM and also for delegating a big chunk of HP to help in my early blogging days (and also another member of PIZZA!), @namelessnameless , @relf87 & @koodies for all helping me in one way or another in learning about crypto in general. ππ₯³π
I'll see you all again during the next Power Up Day next month with another update! Till then, See you and WAGMI! πππ»π¦πͺπ»
