HIVE PROGRESS - The Busy Bees 2024🐝🐝🐝 Progress Report Week 16

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The Busy Bees

Good day everyone!

I hope everyone is having a good time and if you are not, I wish you the strength and fortitude to push through the bad times!

Let's see how the Bees did!

Ecency Points to distribute
@papilloncharity has sent me 10,000 Ecency points to distribute to the Active Redfish and Minnows and help them grow!
@melinda010100 has sent me an additional 20,000 Ecency points to distribute as well!
Thus I have a total of 30,000 Ecency points to hand out!

This will go toward Redfish and Minnows who have been active!
Going to send 200 Ecency Points to Active Redfish and 100 Ecency Points to Active Minnows (Except myself), activity means you posted something this week.

Last week I distributed 4,100 Ecency points to our members and had 9,000 Ecency Points left over.

This week I distribute another 2,800 Ecency points and I have 6,200 Ecency Points Left!

Thank you so much!

Congratulations!

Congratulations to @littlebee4 for hitting the 11,000HP Milestone!

Let's get into it!

The Basic Rules of Activity

  • Activity means posting and commenting within a 30-day time.

  • Posting weekly is recommended.

  • Supporting one another with votes and engagement is encouraged. There is zero enforcement, we just recommend it. If you want people on Hive who will speak and interact with you - just look at the people in this list!

There are a few accounts (like the top Minnows) that have gone inactive that I do NOT take down due to inactivity. This is mainly to give the active Minnows and Redfish something to aim at. It would also be really cool to see you guys catch up to these larger accounts due to your activity vs the inactivity of these accounts.

Progress List

Orca Category

@cryptoandcoffee
@papilloncharity

Dolphin Category

@lizelle
@julianhorack
@rynow
@braaiboy
@fermentedphil
@cryptothesis
@merit.ahama
@littlebee4
@joanstewart
@new.things
@irisworld
@alonicus
@tengolotodo
@fionasfavourites
@joetunex
@slothlydoesit
@nkemakonam89
@jasperdick
@chekohler

Minnow Category

@hopestylist
@zo3d
@p1k4ppa10
@zakludick
@itsostylish
@nikv
@george-dee
@quduus1
@consciouscat
@awgbibb
@penderis
@jacoalberts
@misshugo
@treasuree
@technicalside
@artywink
@wallay
@therneau
@lex-zaiya
@mrenglish
@actordontee
@xplosive
@edycu007
@clairemobey
@ma3str0
@beauty197

Redfish Category

@loadreaper
@urban.scout
@breezin
@tigermom
@hellsveiah
@ngwinndave
@marelizezeeman
@moclassic
@sommylove
@threedotz
@riesakashiya
@jusipassetti
@fufukunnn
@aimeludick
@maccazftw
@xenowolfza
@merenludick
@matthew-williams

Group stats

Nomination of Gifts

My Nomination of sharing 50% of this post's payout goes to @xenowolfza for being the lowest HP account that posted something this week!

In support of our Redfish doing well, For @alonicus' SBI gifts I nominate: @ngwinndave and @tigermom! Well done!

I have highlighted all the Redfish that have at least posted something in the list for @braaiboy to see who he can support using Ecency points.

Let's go! Good luck for the new week!

Inactive members

@anikekirsten, @stevemuis, @michieme, @thefoxygeeksa, @rexydayz, @evanrentschler, @juliadick, @temmylade,@giantbear, @geelocks, @pixelhuntersam, @newharvest, @nxghtrxven, @tomster-17, @kerras

Cheers!
@zakludick

Hive South Africa

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39 comments
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Well done to everyone being a busy bee, I wish us all more growth this week 🥰.

Thank you so much Zak for the update ❤️

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Well done all the active people. I must admit I am struggling to be as active on Hive like I used to.

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We all go through seasons. You did really well not too long ago!

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Thank you @zakludick 😁🥳

Great work all! Up to the next week, have fun 😎
!PIZZA

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Cheers! Have a great week!

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Thanks!
!ALIVE

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@zakludick! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ littlebee4. (2/10)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.

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Congratulations @zakludick! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You got more than 14500 replies.
Your next target is to reach 15000 replies.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out our last posts:

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Indeed. That's a lot of engagement I got back! Thank you for the budge update!

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Well done everyone !

Thoroughly deserved SBI's on the way to @ngwinndave and @tigermom 😁

Despite quite a few power downs, we're still seeing overall growth, which is awesome.

It would be interesting to understand why people are powering down, but I appreciate that it's a private decision. For some, it'll be because for whatever reason they've just decided to leave Hive, others want to extract some profit and move it to investments elsewhere, and some are having to power down to cover the cost of emergencies or the drastically increased cost of living.

For the last group, I wonder if you've done the maths on converting HIVE to HBD (ideally at a time when HIVE is at a better price !), and then seeing whether the 20% APR would build up enough between emergencies to cover it. That way, you'd be covering things without eating into your actual capital, although I appreciate the real world rarely works as smoothly and simply as that !

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I think we all (should) have that dream of that 20% APR turning into a decent Income...

But basically, whatever you want it to make you monthly, you need to have 60x that in savings! So 5 year's worth of pay will give you what you want to ear per month without eating into the profit... Its quite a lot...

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Yep, it's not an easy one ! Replacing an entire income with HBD interest is a huge sum, and probably more of a risk than I'd like to take in terms of putting all my savings into one place. I tried to persuade my wife I should just give up working, put all my savings into HBD, do HIVE full time and live off the HBD interest, but she didn't fall for it 😁

But my experience is that the average household emergency is normally in the $100-200 range; an unexpected car repair, a new fridge or oven, things like that (as in... I've had all of those and more in the last couple of months, lol).

If something like that comes up every 3 months, then if you can make $50 in HBD interest a month, that hopefully would cover at least the worst of it. That needs about 3000HBD in savings. Still a lot of money, but achievable with discipline, regular posting and saving into HBD as often as you can.

I've been lucky enough to have been able to save some fiat into HBD, and been able to just leave it in there, meaning I'm really benefiting from the compounding effect. I expect to be making around 50HBD a month interest by the end of this year. I'm not saying that to brag, I'm saying it because it shows that it can be done (and probably quicker than me if you post more often !)

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Yeah I had a sort of an emergency like that, which was $80 in HBD. I was allowing the HBD to give me interest and then just adding $5 a month which was totally doable.

The REST of the HBD was being drawn to help me live and survive! lol

Not a brag at all! It gives me hope when you have achieved success and gives myself and others a model to aim at. Yes. $3000 in HBD savings is totally possible and would then generate a nice $50 in interest a month. For my local currency, this is R950, almost R1000 which is a considerable amount of money!

What is even cooler is if you can let the $50 lie and compound of course! $3050 makes $50.83. Totals $3100,83, which makes $51.68 interest etc etc... Such is the dream! That is then R981 per month instead! The difference is a 2l bottle of milk! Haha.

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Namaste 🙏, Great initiative for supporting or encouraging you are doing 🎉

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Thank you so much. I am glad that you like the idea!

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Thank you as always for this very useful report! <3
!Luv
!Hug

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Thank you for the update, Zak! And congratulations to @littlebee4 for achieving 11000 HP!

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