My 2024 Hive Goals Update 6/7/24

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(Edited)

I joined the #saturdaysavers group, so instead of staggering these posts out every few weeks my goal is to post these on Friday nights. Let's see where I ended up!

It's always good to revisit goals to track progress, and posting about it is a good way to cement it in my mind. It also acts as a subconscious reminder.

(Created using Bing)

Hive Power
My primary savings goal is to reach 6,000 HP by the end of the year.

Starting from last Friday, I was at 4,869 HP. I've been putting a small amount of money into Hive each month and powering up, and will keep that pace throughout the year. This week, I'm at 4,925 HP.

I'll be setting aside funds to power up every month, and will likely do another raffle in the Fall to help me continue to exponentially grow my HP.

EDS
I hit my goal of 130 a while back, so now I'll hold this pace and enjoy the drips from it and reinvest those by buying up more EDS. 😁

DAB/DBOND
I'm currently staking 1694 DBOND, up from 1373, to mint me new DAB each day. Since I've reached my goal with EDS, I'll be slowly buying more to try and get to 2000. I've also started delegating to @dab-vote, which will start paying DBOND in exchange for delegations, starting on 6-14-24.

I paused buying more because the price has gone up to around 1.1 Hive each. A new project called RUG coin will be starting (No joke, and it's being run by @silverstackeruk), where you can buy the coin and hold it liquid to earn DBOND. I'll be buying that so I can keep my DAB liquid.

I have 739 DAB right now. I currently get about 0.4-0.5 DAB/day. My original goal was 630 DAB, so I moved this goal to 800 by the end of the year.

PWR
I'm slowly adding to the liquidity pool. My goal is to get to where I'm earning 1-2 PWR per day just from the liquidity pool and then keep those liquid in my wallet. Right now I'm at about 0.21/day. Empo's plan is to start paying Hive dividends in another few months, so I want to be sitting on a nice, big pile of PWR before those start! 😁

SIM
This has been my new focus for now. Holding SIM pays a daily Hive dividend, even if you don't play dCity. If you add to the liquidity pool, those holdings still count towards your "SIM power" and you get paid daily SIM for providing liquidity, so I'm basically getting paid twice. I'm currently a little over 1.1 million and plan to keep building this stack. Around 700,000 of that is in the LP, and my goal is to slowly add it all to the pool so I can increase my daily pool rewards. They're currently at 660 SIM/day, so I'd eventually be able to double that soon.

2024 End Goal
My overall goal with these investments is to get in while they're cheaper and maintain a daily and monthly Hive drip, not including my regular posting regiment. With everything included, my goal is to bring in an average of 6-7 Hive/day by the end of 2024. I'm currently still hovering at about 3.5 Hive/day so there's still room for improvement, but I see myself getting closer to this goal as the year progresses. I may take some profits during this time, but the majority of earnings will be reinvested to keep growing.


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22 comments
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!hiqvote

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You received an upvote of 90% from Precious the Silver Mermaid!

Please remember to contribute great content to the #SilverGoldStackers tag to create another Precious Gem.

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!sbi status

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Hi @bulliontools!

  • you have 1602 units and 0 bonus units
  • your rshares balance is 1636477923179 or 0.695 $
  • your next SBI upvote is predicted to be 0.232 $



    Have you seen our website?
    It's a great resource to check your Hive SBI levels, along with your history of who has sponsored you and what upvotes we have provided you!
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I noticed Sim

It's crazy cheap now so I'm investing there.
Just delegated to the dabtoken bot.

Haven't been active so I haven't been able to do much this last two weeks.

I have a question though.
What do you mean by adding to the liquidity pool?

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You add a specific ratio of swap.hive and SIM to the liquidity pool using BeeSwap or Tribaldex. In exchange, you get paid SIM daily. The bonus is that the SIM you have in the pool still counts towards your total holdings.

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By adding you mean buying and selling on there right?

And is it only BEEswap and TRIBALDEX...

What about hive engine?

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No, there's an option to add liquidity. Under Tribaldex and BeeSwap there's a Pools option to add liquidity.

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I see...

I'll check it then...

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!sbi status

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Hi @seki1!

  • you have 137 units and 0 bonus units
  • your rshares balance is 900055367757 or 0.379 $
  • your next SBI upvote is predicted to be 0.126 $



    Have you seen our website?
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Congratulations @bulliontools! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You distributed more than 7000 upvotes.
Your next target is to reach 8000 upvotes.

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You've upped that HP goal to 6K, good for you! You've almost to the 5K, very cool! Keep it up!
!BBH

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Thanks! I think I should be able to hit 6k organically by the end of the year, without having to do any additional power ups, but we'll see. 🙂

!BBH
!PIZZA

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Seeing your post, you have a lot of SIM allocated to LP, I think I'm going to put more weight on it too, I have a little left there, so I need to look for more haha.

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Yeah, every little bit adds up and gets you extra SIM daily, so I think it's worth it.

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