I made a tentative plan to reach 5K Hive by the end of the month and at the rate that I'm earning from publications, that is highly unlikely. So, to ensure I reach the said target, I'll have to get busy in the market.
Based on my rough estimations, to reach my target, I'll have to earn around 400 hive per month. Now, by earn, I need to add that it is almost impossible to earn that much Hive per month considering how much I get from post rewards.
At the current price of hive, I'll need to spend around $100 per month to augment my hive earnings. Also important to add that $100 per month is only based on Hive staying anywhere between 30-40 cents.
Cheaper Hive means I get more hive with my cash while higher price means I earn more value from my posts rewards. Value is nice and all but right now, I'm trying to be Hive-rich rather than dollar rich.
So, the point is, I won't mind Hive value dropping a bit more, if possible. It is currently trading below 40 cents but anywhere around 29 cents would be absolutely great for my plans.
I'll be starting a new job in two weeks and with slightly more income than my current job, I think I'll finally be able to start buying Hive with my income.
One of the main reasons I wanted to move to the UK was to enable me buy Hive, rather than live off it. So, in some way, this will be actualizing one of my main objectives of relocating.
Another thing that slightly works in favour of actualizing my dream to start investing my income into Hive is that pound sterling trades favourably to the dollar. So, I won't necessarily have to burn a hole in my pocket when I start buying tiny amounts of hive.
At the time of writing, I am still far from buying hive in large quantities, so, that's why I set 400 hive as my target. However, if the price of Hive does pump in the months leading up to the end of the year, I will simply have to accept that I can't reach my target or get a second job to augment my income and enable me buy more.
Overall though, I am looking forward to putting in value into the system after so many years of taking out of it. I have lived off my hive income for the last four years, at least and now I get to put back some value back into the system and invest in this community/ecosystem that's changing lives.
