Monitoring Your Hive Growth

in #hive-1679223 days ago

I like to share my growth journey on Hive from time to time as I started with 0 and have grown the account from the ground up. If I can do it then anyone can as it is all up to the individual. This has not been easy, but definitely worthwhile and would recommend this to anyone to try and achieve. The first two years I hustled my back side off to try and catch those who had been on Hive from the beginning.

Growing on HIVE is not easy due to the time factor required as it takes years to gain any form of traction. This is where consistency plays a big role as you need to show up every day and stay active. Over the years I have seen many users arrive and start with a bang only to fizzle out over time and now pop in a few times a month. There is nothing wrong with that, but then do not expect an exceptional growth rate either.

I often use the Ragnarok snap shot that was taken for the SPK network as a guide growth point. I know my starting date of my HIVE account and the snap shot was taken on the 6th January 2022. My account had been active for roughly 46 months and at that particular time had 63 530 Hive Power which is an average of 1381 HIVE per month. This was starting from 0 so it did take a little longer to get the wheels turning.

Looking what has happened since January 2022 is quite remarkable as the stake has been accumulating at a much faster rate. The difference from then until now is 78 320 Hive Power as been accumulated in roughly 3 years with an average of 2175 Hive staked/powered up monthly. The speeding up process is roughly 60% quicker than what was achieved in the first 4 years which is a great figure to know as it allows other new users to understand the growth process.

Stake generates more stake through the value you hold ad as it grows your earning potential rises through the APR and curation rewards/voting that is on offer. The obvious part is the more stake you have the quicker you will grow and what 46 months took to achieve has been surpassed comfortably in 3 years less one week. The next two years would be interesting if I was not selling and buying back with the market peak due next year. I believe that with consistency what was achieved over 3 years this can now be achieved within or close to two years next.

Everyone grows at a different pace and why you must never compare because every account is different. Any growth is good growth so stick to a pace that suits you and more importantly one you know you can maintain. Growing an account on Hive should be about enjoyment and not seen as a task or work and if you can find that balance then consistency will become an every day thing.

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I have started this year and has been consistent so far. Hopefully I will be able to build up my Hive stake in 2025 to a more respectable amount.

Yes being consistent is important and at least give yourself 1 complete cycle of powerups so you establish a solid foundation. I need to follow you as it is great that people like your self have started this journey.

It's definitely fun to watch our accounts grow. I have a screenshot I took when the price of of HIVE was around $3 per token. That is what I usually compare things to. Have you seen the new tool that was created that gives you your year in review?

No. I have never heard of it and had no idea here was one. Do you have a link? I agree it is fun to go back and compare and to see the growth is mind blowing.

Thanks. This is all you need and is great to see.

Indeed! Consistency is key!

I would say that your growth has been sort of exponential. In your post you are looking at the average per month.

From Busy Bees records:
2024 Week 49,50,51,52 - this last month you gained 2603.194HP
2024 Week 1,2,3,4 - The first month of the year, you gained 2098.2HP
My first records on excel format was 2023, week 29,30,31 and 32, your total was 1988.957HP

That's incredible!
Your blog account really showcases proof in consistency and stake!
It is a great example for anyone who cares to look!

It is amazing when you start seeing the numbers and this is every month over many years which eventually adds up to a decent number. Thanks for doing those figures.

It is a pleasure! I have been busy doing some data entry to catch up my data loss... just did 4 week's worth of Busy Bees stats... Going to take a bit of a break... maybe I will take a few days to get all this done. Haha

Woow. Impressive! Wondered if you ever tried to powerdown and sell someof your hive?

Also, im curious as to why you, and all other hive veterans, do not accumulate hbd and only hive? Why is that?

No. Next year will be the first time and only so I can buy back more. I think you need 2 full cycles before you are in the right zone. The first cycle did not really count as I never sold any either so this will be the first time.

Consistency is key. Thank you for sharing I'm inspired

Thank you for putting up an early reminder to show up daily and also the result of the grind. Clean article.

Always an inspiration to monitor. Your stake is now doing much of the work, which is great. Are you going to offload any HIVE near the top or push on?

Off load to swap into HBD and to swap back to Hive as the growth period needs more time. I will off load and sell other crypto and all depends on how well they do.

Yes, sounds good!