I decided to put my monthly account summary on Cent Blog as I like to wax philosophic about economics as I count my coins. This is the total from last month.
I think that new comers on the platform are wise to invest in lower value alt-coins because such coins give a better feel for how the platform works than the expensive one.
My Hive/SteemIt empire grew by another 198,532 coins this month. I now have over a half million tokens.
Okay, so most of my tokens are garbage tokens.
The account value of the Steemit/HIVE empire is over $3,000. i still list my SteemEngine tokens. I list their value at $0.00
Personally, I think that new users should cut their teeth on the platform by trading the failed currencies on HIVE-Engine.
One doesn't need to put much cash at risk and can learn how to buy and trade the coins with little risk. For example, to date I've purchsed I bought 38,000 of PAY for 0.54 HIVE and sold 58K PAY for 4 HIVE.
My attempts to invest in premium coins on HIVE Engine have not fared well. I bought 90 LEO for 80 HIVE and am down on that investment. The NFTs I acquired appear to have zero value.
I am not a big fan of HIVE Power Up Day. The reason for that is that I think that new users should pull any HBD that they earn into Hive-Engine and play with the alt-coins. I have 4800 HIVE POWER; however, the value of my alt-coin collection has been growing at a faster rate than my HIVE.
The Point of the Post
In this last year, Hive Engine has developed into an exciting eco-system with hundreds of alt-coins serving different purposes.
The value of crypto-currency comes from the minds that are trading the currency investing in the currency. Keeping this in mind, I believe that the best way to grow the HIVE platform is to encourage new users to actively investigate the alt coins.
The alt coins are interesting in that they tend to have a high interest rate. Which means that it is easy to earn the coins, but their price keeps dropping.
The coins might be dropping in value on a whole, but since the prices are relative and the margins are large it is possible to come out ahead in this market.
This is the summary of my portfolio which spans three accounts @yintercept @vagabondspirit and @irivers (the first account is a personal account, the second two are business accounts.)
| Token | Coins | Last Month | Diff | Dollar |
|---|---|---|---|---|
| HIVE | 4,802 | 4,670 | 132 | $2,698.72 |
| POB | 519 | 325 | 194 | $112.19 |
| STEM | 1,110 | 1,042 | 68 | $104.58 |
| LEO | 156 | 140 | 16 | $42.60 |
| CENT | 554 | 371 | 183 | $6.25 |
| LASSECASH | 2,718 | 2,717 | 1 | $5.85 |
| WINE | 36 | 35 | 1 | $5.49 |
| PAL | 144 | 143 | 1 | $5.32 |
| CTP | 418 | 376 | 42 | $5.29 |
| PIZZA | 20 | 20 | 0 | $4.75 |
| ALIVE | 161 | 151 | 10 | $3.93 |
| COM | 508 | 431 | 77 | $3.17 |
| HUSTLER | 36,697 | 36,695 | 2 | $1.87 |
| NEOXAG | 1,564 | 1,345 | 219 | $1.62 |
| PAY | 128,967 | 83,584 | 45,383 | $0.95 |
| LIST | 327 | 322 | 5 | $0.95 |
| BPC | 2,088 | 2,075 | 13 | $0.83 |
| FOODIE | 2,109 | 1,888 | 221 | $0.63 |
| MEME | 4,792 | 2,000 | 2,792 | $0.60 |
| CCC | 320 | 430 | -110 | $0.49 |
| BHT | 1,828 | 1,353 | 475 | $0.33 |
| TIX | 11,234 | 11,138 | 96 | $0.26 |
| ENGAGE | 1,036 | 1,036 | 0 | $0.24 |
| BLOG | 62,073 | 56,052 | 6,021 | $0.05 |
| GIFT | 803 | 928 | -125 | $0.05 |
| KANDA | 101 | 101 | 0 | $0.00 |
| Other Tokens | ||||
| BLURT | 1,275 | 1,272 | 3 | $5.73 |
| STEEM | 377 | 372 | 5 | $227.32 |
| TRX | 25 | 25 | 0 | $2.39 |
| POINT | 12,528 | 13,278 | -750 | $0.00 |
| PHOTO | 121,941 | 116,836 | 5,105 | $0.00 |
| DIAMOND | 19,551 | 19,550 | 1 | $0.00 |
| DATE | 900 | 900 | 0 | $0.00 |
| Total | 421,681 | 361,601 | 60,080 | $3,242.45 |
| @vagabondspirit | ||||
| HIVE | 56 | 55 | 1 | 31.32 |
| CCC | 10,930 | 9,080 | 1,850 | $16.82 |
| PAY | 16,141 | 11,042 | 5,099 | $0.12 |
| BLOG | 49,600 | 36,976 | 12,624 | $0.04 |
| STEEM | 63 | 62 | 1 | $38.29 |
| Total | 76,790 | 57,215 | 19,575 | $86.59 |
| @irivers | 0 | |||
| HIVE | 8 | 6 | 2 | $4.36 |
| STEM | 566 | 431 | 135 | $53.51 |
| POB | 24 | 17 | 7 | $5.10 |
| CENT | 12 | 5 | 7 | $0.14 |
| MEME | 237 | 0 | 237 | $0.03 |
| BLOG | 27,814 | 0 | 27,814 | $0.02 |
| Total | 28,661 | 28,661 | $63.16 | |
| Grand Total | 527,132 | 328,600 | 198,532 | $3,392.20 |
The image shows one of the ditch witch tractors which are cutting their way through the pavement in the neighborhood to bring Google Fiber to the 'burbs.
