Saturday Savers 2025 Progress Report - Week 48

It's Saturday, and here's a long-overdue #SaturdaySavers update. It's been a couple of weeks, during which time Hive's price has been all over the place, my life has been crazy and Hive has had a hard fork.

Image by Claudia from Pixabay

Here's my table of progress for the week;

How Did The Week Go ?

The spreadsheet tells it's own story ! The combination of Hive chaos and life chaos has created a gap in the report. So the gains cover a 4 week period, and are thus a bit unrealistic.

If it was the start of the year, I'd have scrapped all my goals and re-done them from scratch !

To look at a few key themes;

Impact of the Hard Fork

I believe Hard Fork 28 has a significant impact on the way Hive works.

The new voting model puts a lot more focus on content curation, engagement and the reward structure.

At the same time, taking the DHF out of inflation calculations creates an increase in the HBD debt ratio.

Overall, I believe the hard fork is an excellent move and will benefit Hive's content creators in the long run, which I hope will be good for user retention. Perhaps next they'll look at the way the DHF works and turn it into a loan giver rather than a grant giver.....

HBD

HBD has struggled to hold it's peg recently as the HIVE price has been so volatile. I'm not worried about that too much, but what does concern me is the steady significant increase in the debt ratio, currently at 16.86%. That's very slightly down from yesterday, but is a major change from the 8-10% it has bumped along at for most of the last year or so.

The other metric shown by https://www.hbdstats.com/ is the HIVE debt support price. Effectively, if the price of HIVE drops below this level, the debt level will trip over the 30% point that the haircut rule kicks in.

Currently, it's at $0.045. Looking at the pattern of recent price drops, they've happened when HIVE mirrors BTC, and it really is a sad case of FUD as people react to external events when there's nothing actually changed in Hive.

What the data shows me is that we're around 1.5 drops from the debt support price. HIVE slowly recovers after each drop, and I'll start to relax if it can consistently get over $0.10. But until then, I'm looking at HBD as too high a risk despite the interest it pays.

I've pulled most of my HBD out of savings. About 75% of it has been converted to liquid HIVE. Most of the rest is now in HiveDex with trades set for if the price of HIVE drops to certain specified levels so that I'm mostly out of HBD if we do get a haircut.

HIVE and HP

With most of my HBD converted to HIVE, my original intention was to hold it all on an external exchange with a view to converting it to BTC or USDT when the price rose a bit, to try to recoup my original fiat investment.

However, the hard fork has changed that to a certain extent. With the improved reward structure, I now plan to power up a chunk of the liquid HIVE on Monday (HPUD 😁).

All this is giving me ideas for the goals I'll set for myself for next year. It includes trying to maximise HP growth to get the dollar value of my Hive account above the value of fiat invested. Yes - the recent drops have actually left me in the negative, even allowing for 3 years of earnings ! Once I get to that point, I'll aim to gradually take some out to recover the initial investment, while growing actual HP enough to keep a respectable KE ratio.

A corollary is that I really need to get my s**t together again when it comes to posting ! I'll probably put the HBD element of the rewards back into HBD savings, because then if HBD grows it's a zero-investment thing.

So that's how things are right now - HPUD on Monday, and 4 more weeks to work out what next year's goals should be.

If you're not familiar with SaturdaySavers, it's a fabulous initiative run by @shanibeer writing as @sally-saver on the @eddie-earner account, where we all support each other in getting to our savings goals.

If you are one of my friends reading this (or just someone who tripped over one of my posts), I really recommend this as a great community that's well worth joining.

I'm normally very disorganised about saving, and the support of the wonderful people in #SaturdaySavers has been invaluable in keeping me focused. I can honestly say that without it, my HP would probably be half what it is now.

So join ! You don't have to wait until the start of the year. The best time to start saving is ten years ago. The second best time is right now !