Value or/and Price .:. #MyHiveGoals 2022 Edition!
There is no better place to re-evaluate our goals than now in the bear markets... By doing that, I'm not talking about panic selling stuff and running to the woods, but more about checking the balance between the price and the value of a certain asset...
There is a huge difference between those two things and if we look at it objectively, it is obvious who is selling and who is accumulating... The big truth is that most people (including myself) are looking at the price of Bitcoin, HIVE, and other assets multiple times per day... Does that have sense? I doubt... lol... Why?
I have replied to that question myself multiple times, but I'm still looking at the price... :) The thing is that I HODL (and accumulate) my favorite cryptos, like BTC, ETH, and HIVE and if the price goes down, I will not sell them... The worst thing is that even if the price goes up, I will not sell them... lol... So, I have no idea why do I stress about the price...
Tbh, I was doing that before, and 4-5 years ago, I have panic sold some assets, and learned my lesson... Now, I'm not touching anything until the bulls come back... :)
Created in Canva.com
On the other side, if you don't have "bear market experience" you could easily be tempted to panic sell some of your "long-term holdings" and lose money... To avoid that, you should try to move the focus from the PRICE to the VALUE of the asset...
For example... Did anything change regarding Bitcoin in the last couple of months? Did blockchain have some issues? Did we have a hack attack? Is there a lag? If all the fundamentals are the same as before, nothing changed, so, therefore, the VALUE is still there! Maybe some companies got liquidated, and some other tokens pulled down the price, but the fundamentals are still the same! There is no logical reason for selling the asset for a cheaper price if the value is still the same...
As a matter of fact, you should try to find exactly that kind of asset and buy it, where the price is much lower than the real value!
Let's get back to the #myhivegoals and numbers for the last week... In my monthly chart, the #hivepud bar is still the biggest, but you can notice some other power-ups that I'm doing lately :)
screenshot from hivestats.io
In my last report, I have done some calculations of the "needed" HivePower per month and it didn't look too nice... lol... I didn't power up deliberately some of my HIVE right away, but rather put them inside diesel pools and Polycub... When the time comes, I will put them out and power them up... Those are my "aces" in the sleeves for the end of the year... But, after the last report, I have decided to try to power up between 150-250 HIVE per week along with my 1K #hivepud power up... In that way, the gap between the yearly goal and current values will not grow too fast... So, in the last 7 days, I have powered up 232 HIVE!
The same thing goes with the LEO Power goal where I had a lot of funds in Polycub but way fewer staked tokens... This week, I have staked 93 LEO tokens and shrunk the gap to my monthly goal... Before I didn't have a chance to reach the monthly goal, but now, I'm closer and closer every week...
The price of WORKERBEE tokens stopped climbing as crazy and it looks like I will maybe get some of my buy orders filled... Patience is a virtue! :) In the meantime, I have staked another 50 tokens and I have now 9300 staked WORKERBEE tokens in total!
Regarding my BEE POWER goal, I have added a bit more than in the last report, but I need more than that if I want to reach my goal... 19 tokens added, and I will try to raise the weekly number to at least 25-30 tokens...
GAMING GOALS
Maybe I'm stressing like crazy when I play Splintrlands, but playing the RISING STAR game is all pleasure! Yes, it sucks when you get 10-15 STARBITS from a mission, but that's the part of the randomizer... I'm happy that I can execute my plan of opening 3 times per week 12 packs of cards as that is my main source of NFTs! It looks like I will reach my yearly goal at the beginning of July! I need less than 200 cards to get there!
And the sweetest news is left for the end... I have reached my yearly goal of 65555 SPS tokens this week!!!* That's just awesome! I didn't expect that that will happen this fast, but I do understand from where that came... Others were panicking, unstaking their tokens, selling their assets in the game, but I was accumulating in the meantime... One of my main sources of SPS tokens are the airdrop points that I have received for providing liquidity in the DEC:SWAP.HIVE diesel pool! When DEC token became "pegged" with the price of the Chaos Legion in the game, it was a no-brainer for me to add more funds to my position in the diesel pool!
So, what now with the SPS tokens? Well, I have slowed down with my staking, or to be more exact, I have lowered the number of daily staked SPS tokens from 200 to 150, but I will continue doing it... I will not stop with my yearly goal and continue with accumulation... The rest of the earnings I will exchange, or to DEC and add to the pool, or to HIVE and power up!
It's time to update the numbers and put them into the spreadsheet until the next week! So, freshly updated numbers for #myhivegoals, on June 19th, 2022 are:
Join us in this awesome #myhivegoals and let's grow together! You can find the original post about the challenge by @robwillmann here.
Thank you for your time,
ph
The link to my initial 2022 Goals Edition is here...
These are my initial goals for 2022 created on January 2nd, 2022:
Update 06.02.2022. BEE POWER 2500 --> 3500 RISING STAR NFTs 5555 --> 6000
If you want to support my witness, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses, or just scan the QR code down below...
Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!
You can also find me on LEO Finance .:. Twitter .:. LBRY
