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62k HIVE

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@felixxx
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50k

Only ~10 months ago, I wrote a post about achieving 50k Hive Power: It feels like yesterday.

62k

Today, I am the owner of 62k Hive (...and HP combined). ๐Ÿ˜Ž I had to power down, because I wanted to have liquid Hive. I expected the price to make big moves - and it did. At 2$ and at 3$ I sold some and kept the HBD. Today, I bought back:

Never invested cash

I have invested nothing but time and effort on Hive. I never bought any crypto. This is mostly from blogging and lucky trades. I even gave plenty away last year, invested some in Splinterlands and other hive-engine stuff.

Future strategy

Hive

From here on, I could power up the Hive again. Hive moved almost like expected, but I misjudged the timing - made some profits, but it could have been much more. Of course, I expect it to recover, but that could take a while. Until then, I could put the Hive to use and support content more.

hive-engine

I will put some more Hive aside to play with tokens on hive-engine. I am gaining some confidence, after I have made my first losses there. Storing liquid funds as DEC and cashing in on the SPS rewards seems to make sense. I also want more Chaos packs.

Conclusion

Trading like that is risky.
I never went all-in and I had a clear plan. However, I sure did not make 62k HIVE just from blogging; If it wasn't for the trades (and the fork and subsequent lucky trades with those funds) I would have nowhere near as much HIVE. A reputation of 70 means something between 10k-20k in rewards. (too lazy to check) I must have tripled somehow (and even wasted some on fun stuff), but I did not keep track precisely.

At this point, I don't know where the price is going, so I will probably just observe.