Welcome to to my #saturdaysavers club updates, a weekly post which I share my saving goals and also some progresses to reach #MYHIVEGOALS.
On this week Initially I would like to share about why I make a weekly 5 $HBD saving recently, however I have decided to postpone that topic. the reason was simple, I read @liotes mission post about how you use your Hive Power. Actually I have made a breakdown about #MYHIVEGOALS here, on the beginning of this year.
I would not make a whole story again today, but here I would like to share my part why I have changed some of my plan including giving out my HP again and right now my remaining HP is less than 1.000 HP so my curation is plumped again
WHERE DID THOSE HP GO?
Maybe the question should be: why did I delegate them away again? Well the answer is simple, because currently there are many projects that need HP delegation so badly that they even payback or give dividend in return which surpass way above curation payout. We are talking about 12%+ APR.
The fact if that you see my HP delegation, most of the project there have more than 12% APR. Ok let's pick one project, the LEGION (LGN) which I delegate HP to stickupcurator and they pay back in LGN token.
Initially all went well, until oneday they could not maintain the wall again, and the result? LGN price has dropped badly from 1.1 HIVE to 0,75 HIVE right now. If you ask me why? the result is because of the excessive new LGN minted due to that high APR. They had reduced the APR from 15% to 12% right now. so the price inflation is a slowing down or being better managed.
Now the next question, why would I delegate HP to those kind of projects that in the end the price will fall?
Ok I will be straight forward here, and it will be a bit harsh and rude. I believe we can not treat all tokens the same here. It is not about good or bad, it is about preferences and our strategy.
There are tokens that are good for the long run, there are tokens that are good for short term, and some are good on middle term. So being Diamond hand holding everything till the end, is far from being smart.
And everyone will have different perception and opinion on every token. For example EDS token, I keep selling those, while I know some really hold them till the end of the world. However things go different with other token, such as DBOND... I keep buying them while others keep selling them due to disappointment on their yield
Who win? none knows, and that is not important. What matters most, you plan something, do the research, and run it at your best to win more gain (HIVE). Always try to win something, and lose less... you won't be able to win everything, in fact in Crypto... many suffer loses... so having a great cut loss mechanism is an essential skill too here.
So that's my answer here... my HP went out to join in a Saga of winning more HIVE for me
MY HIVE GOALS : HIVE POWER (HP)
My primary goal is to grow my Hive Power as good as possible. A goal must have a target so I have decided that my primary goal is to reach 11.500 Hive Power (HP).
My goal is to have 11.500 HP this year, not an easy one but of course it is very possible. Let's start this one by checking my HP Growth recap right now:
I think whenever there is a Power Up Day, I would pass the target. Well that's true, because achieving 120 HP a week from organic author and curation is impossible at the moment. I do not want to set a strict targets for writing because that would kill the joy in writing.
For Quarterly target I am still far from the target. I still have around 1.351 HP to go within the remaining 8 weeks. Let's enjoy this ride, no need to panic or do reckless things.
THE HBD
A few hours earlier, I made a 5 $HBD saving today and that made my total saving reached 240 $HBD.
There is a reason why I increase my weekly HBD saving recently. I think I will make that as one of the topic for the next #Saturdaysavers post.
I have no target for $HBD savings, however I believe this is part of the ecosystem that whenever we speak about #myhivegoals, both Hive Power (HP) and HBD as the stable coins, must be included together.
MY SECONDARY TARGET : SECOND LAYER TOKENS
My secondary saving targets are HIVE second layer tokens, and at this moment I have set the priority target is $ALIVE token and my goal this year is to get 6.000 Alive Power (AP). AP stands the same as HP, which means the staked $ALIVE.
This is my $ALIVE screenshot from my wallet.
and here is the table of my saving progress:
| Date | Previous AP | Current AP | Target | Growth | AP Rank |
|---|---|---|---|---|---|
| Q1 2024 | 331 | 1.179 | 6.000 | +848 | 137 |
| 6 April 2024 | 1.179 | 1.240 | 6.000 | +61 | 130 |
| 13 April 2024 | 1.249 | 1.474 | 6.000 | +225 | 118 |
| 20 April 2024 | 1.474 | 1.769 | 6.000 | +295 | 100 |
| 27 April 2024 | 1.769 | 1.885 | 6.000 | +116 | 95 |
| 4 May 2024 | 1.885 | 1.899 | 6.000 | +14 | 92 |
As I have mentioned before in my last #saturdaysavers, I am reducing all the second layer purchase because I want to focus more on spending budget that could increase my HIVE growth, whether it is HIVE POWER (HP) or HIVE BACKED DOLLAR (HBD).
Whether spending on HP as #mygivegoals or on second layer tokens, actually both are good savings. However I need to re organize my resources first and getting steady HP growth is more important at this moment. Let's hope I could keep up for a few next weeks a head.
OTHER TOKENS ON MONITOR
Other than $ALIVE, I am saving these tokens too
| Tokens | Status | Last Period | Today | Target | Growth | Staking Rank |
|---|---|---|---|---|---|---|
| $NEOXAG | staked | 11.804 | 11.951 | 100.000 | +141 | 263 |
| $THGAMING | staked | 198.381 | 198.791 | 200.000 | +380 | 18 |
| $PIMP | staked | 2.200 | 2.228 | +28 | 132 | |
| $LEO | staked | 237 | 237 | 1.000 | ~ | 1.050 |
| $PGM | staked | 7.957 | 7.983 | 8000 | +26 | 5 |
| $PSX | staked | 2.001 | 2.026 | +25 | 15 |
The same as my secondary target, $ALIVE, I have not bought any of these token in the last 7 days. As mentioned above, trying to focus more on the primary first layer, $HIVE.
CLOSURE
Saturday Savers Club is for anyone who wants to make some saving in any currency for any purpose. The Club is a supportive group of people who every week making some post about our saving plan and update. Some even share tips and techniques or maybe sharing their fun in the process.
For further information and if you want to join into this club, you can do your own research on @eddie-earner. We are waiting for any of you out there to make this club bigger and more exciting.
See you next Saturday...
Posted Using InLeo Alpha
