Powered up 1000 Hive today on Hive Power up day

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Today is the Hive Power Up day. Every first of the month is called Hive power-up day. I have been waiting for this day for the past few weeks, to be honest. The main reason is that I was holding so much of liquid funds in hand. I somehow accumulated 1000 hive and was waiting for 1st to come so that I can power it up.

I know it is not mandatory to power up only on the 1st of the month but just because we have a concept called Hive power-up day where the first of every month is considered to be the power-up day, I wanted to make it a practice to power up during the first of every month. I was thinking of taking a deep look at my stats and write a detailed post on the same but due to time constraints, I'm going to be keeping it very short.

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First of all, I have reached a total of 12,353.746 HP at the time of writing this article. I do have some funds as HBD and also some funds as liquid hive which I'm not going to take into account right now. Based on the stake I have, I rank 1038 on Hive blockchain among all the other accounts present on Hive. This gives me a great feeling that I'm almost near the top 1000 accounts present on Hive. I guess gradually I would be able to be below 1000 accounts soon. Maybe in the next power-up possibly. If you look at the above screenshot, with my posting and curation capabilities I make around 70$ per month with the current rate of Hive. If the Hive price increases the possibilities might be better. Let's see.

As the price of Hive is very low right now, I wanted to invest in Hive and bought a few tokens when the price was 2100 Satoshi. I don't know if it is my good luck or bad luck but the price dropped further. I did purchase a little more when the price fell down. Then I thought I might be catching a falling knife and stopped investing further. In addition to that, I think I already bought a decent quantity of Hive in the current fall. When the next FOMO increases the price of the Hive, I will be very much ready to sell the tokens that I bought.

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One sad thing about my trading trial is that I keep all my holdings in exchange right now. It is going to be almost a month. If I had kept it on Hive powered up, I would have at least gained some passive income from it. I'm so tempted to do it. But controlling my temptations I'm going to wait and see for a few more days and then my funds would be moved to Hive and powered up. I will then wait for the next opportunity to sell it later when price pumps.


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