It's the first of the month, and that means it's Hive Power Up Day !
Image by Arno Hartmann from Pixabay
I've done my duty for the month and powered up 100 of my stash of liquid HIVE;
I also bought some more HIVE last night; I've got a decent amount of liquid HIVE in reserve, but it's earmarked for use buying SBI's and HBD.
Crypto Earnings For January
As usual, almost all of my crypto earnings in January were from Hive. I really should find time to do some crypto-related activity in other places, but time is my biggest constraint and I like it here too much !
The table below shows the key items; the close price and total value are in British Pounds. I haven't included things where the earnings were just a penny or two.
| Token | Earned | Close Price | GBP Value |
|---|---|---|---|
| BAT from Brave | 4.8200 | 0.17 | 0.82 |
| ETH Staking earnings | 0.0001 | 1794.85 | 0.15 |
| KCS | 0.0094 | 7.48 | 0.07 |
| HIVE | 111.8030 | 0.24 | 26.58 |
| HBD | 63.0060 | 0.76 | 47.66 |
| LEO | 57.7440 | 0.04 | 2.22 |
| EDS | 6.7900 | 0.28 | 1.89 |
| SLOTHBUZZ | 3.2788 | 0.27 | 0.89 |
Total earnings overall were £80.43. An important comment on the HBD earnings were that it was that rare lucky month where I had two interest payouts, making it look artificially impressive 😀
Additionally, most crypto items are stubbornly related to the US Dollar, which remains weak compared to Sterling. With BRICS and other countries de-dollarising as fast as they can I feel it would be more realistic if crypto prices were related to the price of gold, or to some kind of averaged basket of fiat currencies.
The Impact of Price on my Hive Investment
With the shockingly low price of HIVE right now, even with two years of HBD interest, author rewards and curation rewards the overall value of my Hive account is almost identical to the value of Fiat I've invested.
I have to admit I find this disappointing. I'm not going anywhere, because I like Hive as a social platform and a place to learn new things, and the people here are awesome. But I'm planning to refocus actual fiat investment on things that are more likely to generate an actual return.
I'm happy to think of the cash I've put into Hive so far in the same way as paying for a hobby. I've got enough liquid HIVE to keep me going for four or five months meeting current commitments, or longer if I reduce my DCA into HBD (I'll probably set some parameters so that I do it more smartly but still hit target by the end of the year). If I post smarter, I think I'll also be able to earn better author rewards which should help to rebalance things.
HIVE's price has been on a long-term slow decline since the ATH in December 2021, but I'm hopeful that in due course that'll reverse or at least stabilise. I have a feeling the answer is some kind of "killer app" that doesn't just replicate something that's already available in Web 2, but I'm not sure what it is yet !
For now, it's onward to February - with any luck my "real world" job will quieten down a little and I'll have more time to have fun on Hive 😀
Posted Using InLeo Alpha
