Hola Amigas
I hope my Spanish greeting is right. How are you guys? I hope you are making a good savings this week. Oh ya, my greetings should be like this:
Welcome to my #saturdaysavers club updates, this is my weekly updates on how I am tracking my savings on HIVE and how I have made progresses to reach #MYHIVEGOALS
There is not much happenings on here, $HIVE has been upping and downing frequently. Let see what I can share you guys about my stuffs:
$THGAMING IS CHANGING
What I have noticed recently, $THGAMING is the only shit tribe token that has made some changes recently. First they reduce their mint rate. Right now only around half new $THGAMING that are minted, I believe they have made their own halving here.
Second, They change their structure in minting their token. Only half of the new $THGAMING that are given in liquid. The other half are given as staked. I think they try to reduce the sell pressure in order to maintain the price.
I believe this move won't make the token price goes up, however it really help them in battling the token inflation. The inflation is still there, but right now it is more manageable, not like bloody red waterfall.
This is what I say in the subject of this post, a survival move. If they do not start doing changes, the project might be dead soon.
The Silence On HIVE
Usually It is easy for me to yapping and blabbering about lot of stuff on HIVE, however recently.. I mean in the last few days... I have been watching and decide to be more quiet. The situation is quite dire, the more I say I might not bringing news but might be speeding up the process...
What process? The dying projects. If you read the last couple of my #saturdaysavers posts, I talked about some projects that were dying. Yes they are still dying right now however I have noticed its not only those two. There are several others that in deep shits too. So rather than spilling up too much, I prefer to hold myself not talk about those things right now.
Let's hope next week I can say something more cheerful and exciting, but today is not that good day. OK thats my short update, Now its time to check my savings...
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:
The same as previous week, my HP growth is bad. The cause is the same, I have started to post with 50:50 HBD and HP rewards, no longer with 100% HP.
source: hivestats.io
and if you compared my Author Rewards from Hivestats with my reports, its almost halved. So yeah, I am starting to switch to $HBD right now.
This move is similar as setting a hedge, so I do not suffer more loses.
THE HBD
The same as last week, I am starting to make a regular weekly 2,5 $HBD saving right now.
The growth of my $HBD saving ofcourse is not fantastic, its very tiny. however its still better than no growth at all.
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 |
|---|---|---|---|---|---|
| 6 January 2024 | 331 | 371 | 6.000 | +40 | - |
| 13 January 2024 | 371 | 405 | 6.000 | +34 | - |
| 20 January 2024 | 405 | 537 | 6.000 | +132 | - |
| 27 January 2024 | 537 | 565 | 6.000 | +28 | - |
| 3 February 2024 | 565 | 595 | 6.000 | +30 | - |
| 10 February 2024 | 555 | 599 | 6.000 | +4 | - |
| 17 February 2024 | 599 | 622 | 6.000 | +23 | - |
| 24 February 2024 | 622 | 637 | 6.000 | +15 | - |
| 2 March 2024 | 637 | 699 | 6.000 | +62 | 212 |
| 9 March 2024 | 699 | 822 | 6.000 | +123 | 200 |
| 16 March 2024 | 822 | 1.052 | 6.000 | +230 | 157 |
| 23 March 2024 | 1.052 | 1.088 | 6.000 | +36 | 149 |
OTHER TOKENS ON MONITOR
Other than $ALIVE, I am saving these tokens too
| Tokens | Status | Last Period | Today | Target | Growth | Staking Rank |
|---|---|---|---|---|---|---|
| $PGM | staked | 7.748 | 7.850 | 8000 | +102 | 5 |
| $THGAMING | staked | 186.000 | 188.012 | 200.000 | +2.012 | 17 |
| $PIMP | staked | 1.948 | 1.967 | 2000 | +19 | 138 |
| $PSX | staked | 1.806 | 1.812 | 2000 | +6 | 17 |
My $PGM growth is great this week, because I stake all of them. The project can be said already dead, I do not know how the negotiation for the acquisition is going, if it is existed. The price dropped a lot so rather than selling them and gets peanuts, I prefer to keep staking it.
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...