Hi Friends
There is no doubt that HIVE Power is a must for the Hive blockchain. I mention this in almost every post I write about HIVE. In order to exist on HIVE blockchain and affect it, you must have HP. In order to have HP, you must be active here and power up with the HIVE tokens you have rewarded. I would like to thank @hivebuzz@traciyork and others for initiating a very meaningful and beneficial event for the entire HIVE Community, which is held on the first day of each month to encourage powering up. I participated in HIVE Power Up Day for the first time in April 2022. I could participated in the event this month on the second day of October. Today I participated in the event by increasing 10 HP for the seventh time. 10 Hive may not be a very high amount; however, I already power up the HIVE tokens I have received since the day I joined HIVE, to increase my HIVE Power.
Here is the proof of my powering up 10 HIVE:
As said, I already power up all HIVE I receive from curation and author rewards once a week. Except that, I get %20 annual interest payout by transferring HBD, which I receive together with HIVE, into my savings account in my wallet. As I mentioned in the previous I shared today, my next goal on HIVE is to reach 1500 HP. I can say that I reached my last goal 1250 HP in a short time. Even after reaching 1500 HP, I will continue to power up. As for HBD, I have long been transferring HBD into the saving account as the interest rate was increased to 20%. However, I think to convert some of them to HIVE to power up when its price is over more than $1 or I might use the HBD I will receive in the future to Power Up after accumulating 500 HBD. Converting some of HBD interest payouts to HIVE, I already participate in HPUD.
As I stated in my previous posts, I see HIVE as a long-term investment. I also think that HIVE Power needs to be increased up to a specific goal for a stronger account and a stronger HIVE community. This goal can be 1000 HP, 5000 HP, 10000 HP or even more. Especially new members want to immediately cash out the HIVE or HBD they earn here. I don't recommend it; however there is nothing to do if you need to spend it. I think that the HIVE platform and HIVE will be very valuable in the future, and I take my steps accordingly.
May you have many days to power up even more. Thank you for reading.
