My strategy is to hold enough HIVE POWER so that my upvote will be worth over $0.02 USD. I actually want it to be about 0.025. As most users are aware. $0.02 is the payment threshold for upvotes. With my upvote over $0.022, I can start upvoting comments.
I wasn't planning on writing a power up day post. The large number of alt-tokens on HIVE-Engine makes power up day too complex. But, I decided that I have reached the point in my HIVE career where I start withdrawing the HBD that I earn from posts.
My account essentially 100% powered up. If the price of HIVE stays about $0.13, this post will be the last time that I power up the account.
The large number of tokens on Hive-Engine makes power-up day difficult. I powered up all of my HIVE and all of the alt coins in my Hive-Engine account. This table shows the tally of my account as of 2/1/21.
| Ticker | Tokens | Hive Price | Hive | USD |
|---|---|---|---|---|
| HIVE | 4,301.3 | 1.000 | 4,301.312 | $589.28 |
| LEO | 32.6 | 3.400 | 110.915 | $15.20 |
| STEM | 232.6 | 0.124 | 28.847 | $3.95 |
| HIVE SWAP | 9.7 | 1.000 | 9.684 | $1.33 |
| ARCHON | 4.9 | 0.233 | 1.133 | $0.16 |
| BPC | 1,364.9 | 0.001 | 1.092 | $0.15 |
| CTP | 4.1 | 0.228 | 0.931 | $0.13 |
| NEOXAG | 260.7 | 0.003 | 0.782 | $0.11 |
| PAL | 7.6 | 0.100 | 0.759 | $0.10 |
| CCC | 9.9 | 0.005 | 0.049 | $0.01 |
| PAY | 25,110.6 | 0.000 | 0.000 | $0.00 |
| GIFT | 384.1 | 0.000 | 0.000 | $0.00 |
| OMA* | 10,092.0 | 0.000 | 0.000 | 0.000 |
| Total | 41,814.9 | 4,455.504 | $610.40 |
My Blurt Account has 1241.807 BLURT which the platform says is worth $8.69. I bought 2000 to add to the account. @blurtlink lost 1000 BLURT that I sent the platform. That made me mad.
I am essentially 100% powered up in all of the platforms. I have used HIVE to set up new accounts, communities and tokens. I also lost 1000 BLURT when I used the @blurtlink service.
At the beginning of 2020, I borrowed $250 to buy HIVE. I need to pay this money back. During the summer, the price of HIVE rose to $0.26. The value of my account was over $600 and the value of my upvote was over $0.02. I declared to the world that I would start withdrawing HIVE.
Before I could sell HIVE, the price began to drop precipitously. Instead of selling, I ended up buying another $230 in HIVE.
I am actually $480 in the hole. So, the real celebration happens when I pay back the loan.
While I am sad that this might be the last time that I press the power up button in my HIVE wallet; I might find the act of withdrawing money to feel more satisfying that powering up. I will keep staking my alt-coins.
- I gave 100 HIVE to
@vagabondspirit to create the OMA coin.
@vagabondspirit gave me 10,100 OMA in return for services rendered. HiveStats shows that this transaction was wroth $1,200, but
@vagabondspirit does not have the funds to repay the loan. This is a very strange transaction that might make sense at a later date.