I'm not a big fan of these "inventions" that crypto "influencers" made up... Uptober, Rektober, Moonvember, etc. They are used as a "comforting prize" for all those who did the same as everyone else, to get the feeling of being part of something... Part of a success (if we go up), or failure (if we go down)... Labels can be changed, and not rarely, they are changed at the end of the month (in our example)... Why? Well, everyone has to be aware of the most important thing... NOBODY KNOWS where the markets will go!
Created on Canva.com, using my photo as a background
This month, the biggest highlight, or maybe better said "downlight", or even better, gaslight, was that October 10th, when crypto markets were devastated... That was the biggest liquidation in crypto history, 10 times bigger than the previous record... It was huge!!! I know that all of us said the day after it, "we will get another V-shape recovery and be OK..." Well, it didn't happen... The closest to a V-shape was rather a "square root"... 🙂
That event was of such a big magnitude that it was impossible to recover in a day or so... I would argue that we are still recovering from it, and we will need at least a few more weeks to recover, or even months...
What about HIVE? How did we perform?
Well, to be brutally honest, not really good... If we want to comfort ourselves, there were bigger cryptos that did worse, but it's not the point to be mid-worse... HIVE isn't a Top 100 crypto for a long time, and those that have a low marketcap pay the biggest price...
On the other side, not everything is bad... When these things happen, those who are smart and crypto-focused use the situation to accumulate more of their favorite tokens... A lot of people got stunned by this dip and left (they will come back later... at least some), which means fewer people are active... That sounds bad, but it is good for those who stayed... Less content means less competition, which leads to better author rewards on your posts! Also, staying on the platform in bad times is rewarding, and some people appreciate that (including myself)!
What about curation rewards? Not sure if you have checked, but the APR on curation rewards went up for 10-20%, which is very nice pump... It's the right time to USE YOUR HivePower and UPVOTE posts from people who are still here, in these shaky times...
Back to the #HivePUD and HivePower accumulation!!!
This was my HivePower BEFORE the PowerUP:
Another 1000 HIVE staked!
And the final result...
We are coming to the final stage of this marathon HP race... Only 2272 meters, pardon HIVE, needed to reach my yearly goal of 125K HivePower!!!
The whole of October was a bit weird... Not just by the events I mentioned before, but also for my (de)motivation to create posts and share things with you guys... There wasn't a day that I didn't come to HIVE, but I wasn't motivated to publish posts... I hope that will change in November and December as I have tons of stuff to share...
Perhaps I was too lazy to create content, but I was consistent in powering up some HIVE every single day over the last seven months. So, my seventh #HivePUM badge is in my collection!!!
Congratulations to everyone who got this awesome badge! This month, 44 users got it! 3 less than the previous month! Woohooo!
To get this badge, you should power up at least 1 HIVE every day of the month OR create a post every day with rewards set to 100% HP... Sounds easy, but it can be tricky... 🙂
So, what is #HivePUD?
Just a short introduction to HivePUD... What does it mean at all? #HivePUD is short for the Hive Power Up Day. It's an event when Hive members power up their liquid HIVE and stop any active PowerDown! It all began with great fellow Hivians @streetstyle and @traciyork, and is held every 1st day of the month.
Check out the official #HivePUD post for November here... Hurry up if you want to participate!
Thank you for your valuable time.
~ph~
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