Another One - Leo Power Up Day
What a beautiful and sunny day to be alive and what a great day to be powering up LEO. I started a power down on my HIVE account about two weeks ago and every liquid HIVE that I get from these power downs along with the rewards that I have on my posts get into my account's LP.
It's not much, I know that, being able to only buy about 100 LEO per week from the powered down funds and some extra tens of them with the posting rewards, but it adds on my leofinance earned LP and it's nice seeing the account grow.
I started from scratch in here and I'm able to grow my account organically in a manner that sometimes amazes me as well. I mean... when I joined Steem I wasn't even imagine to be able to get close to 2,000 SP in about two months or so. My posts were hardly getting to $1 and it took soo long till I reached 2000 SP, but things have evolved and I have kept the pace with this evolution to some extent.
Leofinance seems to be offering much more potential and although posts rewards are chopped a bit nowadays, when comparing with my first two weeks in here, I still feel motivated. There's new users joining the platform at quite a fast pace and earning LEO will become more and more difficult.
Hence, getting all in with LEO with every rewards token that I get makes a lot of sense for me. There will be times when earning a couple of leos won't be that easy anymore, as it used to be weeks and months ago and also buying it that cheap either. I paid 188 HIVE for 108 LEO today and I could say that I got them on a discount.
The previous week I paid 2 HIVE for one LEO if I remember correctly. Now, HIVE might probably appreciate over time and catch up with LEO and I hope it does, but at the moment I feel like LEO is a better bet. I waited for too long dreaming of $1 HIVE or more and it seems that we're still far away from that goal. My gut feeling tells me that the LEO token will get there first and that's why all the rush to stack LEO.
I might at some point trade it back for HIVE, but for the moment it makes no sense, and claiming rewards in ETH makes no sense either. The only time actually selling LEO, for another token or even fiat money, will make sense it's when people will start calling for $100 LEO and get over enthusiastic about the price mooning. That's when I fell like selling some of my earned rewards.
I am planning to cash out my crypto holdings on the same strategy, during extreme fomo and greed periods. Anyway... it's a nice sunny Sunday in here and I'm glad to have added 130 more LP to my account today being just 350 shy away from 2000 LP. I know... it's ants voting power for some of you, but it is what it is and it's mine, all earned through my blockchain activity.
This could have been a good post on the how has blockchain and cryptocurrency impacted my life as well, but not jumping into initiatives anymore, just doing my own thing. Have a great day folks and enjoy the crypto ride!
Thanks for attention, Adrian
Posted Using LeoFinance Beta
