The crypto market is down again and the Bitcoin price has gone below 69k USD. This price impact can also be seen on hive price as this has also dropped. Since the prices are low, I think it's a great opportunity for anyone to build a bigger holding and obviously, this situation will not last for too long. I have been trying to accumulate as much HP as possible, and I am pretty close to making it 80,000 hive power. There is some gap that I am trying to breathe today by powering up and ultimately, I am chasing the goal of 100K hive power.
I have powered up 550 Hive today and I use the keychain which is the easiest and most convenient way to transact on Hive. I have confirmed the transaction and the power-up is done successfully. It is one of the processes that I am very happy to do as and when possible and in the last couple of months I have been powering up quite frequently. Although I'm not sure of the numbers I believe that this year I have added over 25k hive to my balance of Hive power.
Here is the updated balance of my hive power I'm happy to share that I have achieved 80k HP milestones. As I said my ultimate goal is to make it to 100K, but I believe that it will take some time to get there however I am on it and hopefully next year in 2025 I should be able to achieve this milestone. As of now, I have no specific goal with a timeline however the strategy is simple and it is just to accumulate as much as possible this time when the prices are low.
With higher HP we earn a higher duration reward and this time when I have approximately 80K HP then my curation reward is approximately 400 to 430HP and I am trying to increase it further to five hundred hp in a month. Curation is a great way of passive income and 500 5 as a curation reward is a good amount I believe. I know that I am still not there but since I am trying to be there hence hopefully this should also be achieved and the gap is not high between where I am right now and where I want to be.
If you look at the above price trend then you should find that the current price is a great opportunity for more accumulation and earlier also when the price was below fifteen cents that time, I was able to grab a good quantity. I don't go for the power down quite often and I do it sometimes when I need to invest in the splinterlands game most of the time. I have done it a couple of times in the past and all that amount is invested in the game. I think that it is also important to trade sometimes in the market when there is an opportunity to buy low, I have tried a couple of times this year which went well, and I got a good amount of high in a short period. I just follow a simple strategy of selling hive and back at a low price. I have used Binance for the same but nowadays this is not easy as the exchange asks for so many details for crypto deposits and withdrawals and I don't want to do this.
Thank you
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