I Am Clueless
LeoFinance is groundbreaking, game-changing and is definitely what I would call leaders with innovative thinking, ideas and features. This is obviously amazing for existing users and people who are familiar with projects and have experience in various crypto-fields, but I also think that it can become overwhelming for the novice, which potentially could make the awesome success and rapid growth of LeoFinance sort of a double-edged sword in some, weird, sense.
I am not new to Hive or LeoFinance, but I am having a hard time trying to keep up with all the changes, new projects and in the outstanding development. I know that it comes down to me as a person, my intentions, the time I spend or how willing I am to learn and adapt, but I also believe that I am far from alone with this dilemma.
I bet that LeoFinance has given you a chance to earn crypto and they have also given you a bunch of different alternatives which all seems to connect to the growth of Leo in one way or another. Sooner or later.
Some of you have most certainly dived straight into things and are staking tokens here and are accumulating tokens or earning interest there which is awesome in every aspects I can think of, but I am hesitant. Not because I don't believe in Hive or LeoFinance, and not because I can't see the potential, because I can..
- And that is also my problem.
I previously figured that I would buy LEO for any- and all HBD rewards I earned, especially when the prices are what they are. It seems to be a superb deal to get ~4 LEO for 1 Hive.
However, we have very recently seen the amazing shift to 20% interest rates on HBD and even though I am just a small time fish in a deep, sometimes scary and never-ending ocean, this change got me thinking about my approach. I have read a bunch of posts about the HBD interest rate change and I know how awesome it is. It could literally be used as a pension fund and things like that, so I can totally see why it would be a no brainer to push whatever HBD I can get my hands on straight into my savings.
That being said, by going for the HBD savings option, I would reduce my growth in terms of LEO tokens rapidly, which would affect my overall LEO-goals very negatively over time.
I don’t feel comfortable to give up on those goals, but I also realized that I am just a small player who is destined to give up on something, because I can’t have it all.
What I keep thinking of is this:
What About Doing Things The Other Way?
Continue to buy LEO for whatever HBD rewards I get, grow my LEO stake and over time accumulate more LEO due to curation & author rewards. This would lead to a much faster growth in LEO, which is a token I truly believe in, but while it remains to be sitting at such low prices, it gives me a chance to get my hands on ~4 LEO per HBD.
With time, once I reach new heights (and hopefully a LEO token price that has gone up in value), I could simply just buy HBD for LEO and start to save HBD from there on out instead.
After all, HBD is "bound" to sit at $1 while the value of LEO can reach the sky, so I would be off to a rather great start if I could grow my LEO stake before the price took off.
- What do you do?
- What should I do?