As USA Politicians struggle with agreeing upon a way forward related to the US Debt Limit Cap, the country is on the verge of a default. The politicians are treating this as a time to bargain for items that they want when they were not able to get it in the regular negotiations.
I think a deal has been reached but there are some hardliners that would rather let the country go into default then agree with their fellow politicians to raise the debt cap. So everything is still up in the air.
It got very close in the past and even though an agreement was finally reached, the credit rating of the USA was downgraded making it more expensive for the country. Why should this time be any different with another credit downgrade? I don't think the politicians understand how the delay of getting to an agreement until the last hour will impact how the USA is perceived by others.
These same politicians agreed to spend the money by passing a budget and spending bills in the past but when it actually comes to paying the bills for everything they have obligated the country to pay for, they question if paying those same bills as not being the right thing to do.
I don't blame other countries for trying to reduce their exposure to the US Dollar with all of the uncertainty that is occurring around it. If the USA was an individual, most businesses and investors would be thinking twice before investing in them. Why should this be any different?
Good thing I am trying to increase my accumulation on the Hive Platform, at least those will be free from that struggle that is currently happening.
Hive Target
Saving and accumulating is a great way to stay out of debt. I am trying to be active on the hive platform and add to my holdings each and every week.
Growing my account is very important to providing the financial independence needed to weather all the struggles that are currently happening in our world. My goal is to reach 5000 Hive Power. My current Hive balance is 2,574.
Hive Power Ranking
To help me see how my hive account is growing relative to others on the Hive Platform, I also track my Hive Power Ranking. Last week, I was ranked 3563 and this week my relative Hive Power ranking has moved up to 3543. An increase of 20 positions in a week. Even though I have a long way to go, this is very good progress. I am trying to continue to keep my activity consistent on a daily basis so that I am always moving forward instead of falling back or sitting still.
HBD Savings Ranking
Another metric that I track is my relative rank to others on the Hive Platform in HBD Savings.
I must admit, I do not have very much in HBD savings only 42 HBD but by reviewing it on a weekly basis it will encourage me to add to my savings more over time. I added 1 HBD this week to help with commitment to saving.
Currently, my relative HBD Savings ranking is 2291 compared to 2310 last week. I would like to add a whole lot more to my saving of HBD to receive the 20% APR. But I will need to add it at a very slow pace since this will also slow down my adding to my Hive Power.
Hive Received Rewards
This past week, I was more consistent on a daily basis. However my Author Rewards dropped to 16.72 HP ($5.89) with Curation Rewards of 3.43 HP ($1.21) as compared to last weeks amounts of 18.24 HP ($6.76) with Curation Rewards of 3.65 HP ($1.35). Being consistent should help grow my account little by little on a daily basis.
In reviewing the 30 Day chart, it shows my Author Rewards were 91.14 HP ($32.11) with Curation Rewards of 14.82 HP ($5.22) as compared to 76.77 HP ($28.45) with Curation Rewards of 14.98 HP ($5.55) last week's 30 day amounts. The USD amount fluctuates as the USD price of Hive fluctuates. I am working to get back to posting on a daily basis which should help the 30 day trend line.
Curation APR
I guess there is a flip side of being more active as I upvote more comments that are made on my posts. I review my Curation APR on a weekly basis because I want to keep it within my target range of 8% to 10%. It dropped again this week and is now 6.80% down almost a full point from last week's 7.72% curation rate.
I also like reviewing the amounts of Author and Curation rewards for each day as they indicate the activity that I had during that time period. It appears that my lowest curation received from last Friday. I will need to do a little research to see what impacted that specific day.
Hive Engine Tokens
I have been focusing most of my time on the tokens ALIVE, CTP and POB. I still want to accumulate these to higher levels but it is more difficult during a bear market.
EVER FORWARD!!!
