I usually post these progress reports on sunday, but my new job is both very nice and takes a lot of my time, as I’m going to the office again with a very long commute. (We are looking into buying a house closer to my work). Let’s get on with the report.
With this account I want to show that it is possible to build an online business/investment portfolio without any fiat money invested at the start.
This year I want to keep growing, using what I’ve learned in the past year. By setting goals I also want to prevent myself from spreading myself too thin or focusing on inferior goals.
These are my goals:
10,000 CTP staked
Goal reached!2500 base sim income for my dcity
I believe dcity is still the best passive income generator on the entire hive blockchain. I believe if I keep reinvesting my sim income it will be possible to reach this goal.500 Leo power. The leofinance team are rolling out awesome updates constantly. I want to support that and take part in it.
1500 hive power
I’ll set the rewards for my blogging to 100% hive power. So if I manage to get back into regularly posting blogs, then it should be a good goal.
Passive investment tokens:
- 250 Mpath tokens
- 500 Dhedge tokens
- 20 BRO
- 25 UTOPIS
Currently my holdings are:
- Hive Power: 720,476
- CTP: Goal reached!
- Leo: 223
- Mpath: Goal reached!
- Dhedge: 108
- Bro: 17
- Utopis: 25
- Dcity base income: 1249
My Big Hairy Audacious Goal:
- Road to dolphin (5000 Hive Power): 14,41%
Growth needed to reach goal by the end of the year:
- Hive Power: 25,98 per week
- Ctp stake: Goal reached!
- Leo stake: 9,23 per week
- Mpath: Goal reached!
- Dhedge: 13,07 per week
- Bro: 0,10 per week
- Utopis: Goal reached!
- Dcity base income: 41,70 per week
Since I have reached the CTP goal, I will start using 50% of my CTP rewards to fund my other goals. The remaining 50% will be powered up to keep increasing my CTP stake.
I am nearly done with my BRO goal, which is something that I did not anticipate to finish this quickly. A big reason for it is selling POB and CTP tokens. Also the dividends from UTOPIS have been very good.
Dcity is not the great passive income generator anymore that it was a year ago. I am not sure if this thing will turn around. The biggest problem is that because of the low price of SIM, the income tax is high. As a result, people have lost faith in the game and are selling whatever they still get as income. This keeps the price of SIM low and the income tax high.
Most dcity players came to the game for the DeFi-levels of income generation. That is now long gone. The game is still profitable, but a huge part of the player base is disappointed. It will take time for this to change I think.
Well, that’s it for this week and next week as it would not make much sense to make another report tomorrow.
Thank you for the support guys, you make all the difference. Let’s grow together!
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