What's Your Strategy?

Having a look at the numbers, I can't stop thinking about how one can gain or lose, depending on the chosen strategy.

The most interesting part of this platform (for me) has been the tokenomics. Back in the day when I started, we only had STEEM/HIVE, HP and HBD and it took me some time to understand how it works. I remember the first week was extremely tiring, as I was in bed with fever and needed to wrap my head around it regardless.

Today the situation is more complicated as we have a bunch of tribe tokens as well and HBD is swinging left and right, which makes the token distribution more interesting. I still remember those days when we got HP, HBD and HIVE as payout but it wasn't yesterday as it was a long time ago.

Yesterday I was looking at the token prices and could not get out of my head how quickly the situation can change.

In March this year I had a post in which I posted a screenshot about the price of our three main tokens, which I can use now for this post. It's kind of shocking to see the difference. It's been 6 months since then, half a year.

The Project Blank Rush

This was the time when everyone was expecting Project Blank to be launched and get the airdrop that has been announced previously. People were swapping HIVE to LEO so they can have a bigger stake for the screenshot preceding the airdrop.

The launch of Project Blank has been postponed since then for technical reasons, which I'm glad for as safety is the most important thing in this business. Since then, many have sold their LEO stake, converted it back to HIVE at a loss. They say volatility should be your friend and this is valid for trading, but in this case he strategy was not trading, actually it was all about the airdrop that has not happened yet.

Unfortunately when there's an airdrop, hype, fomo kicks and greed contributes to people making rushed decisions that they may regret later. Wanting to be on the top of the richlist is a goal many has had.

I didn't have much liquid HIVE back then and didn't want to power down my stake, so I remember buying some LEO but it was minimal, which I put to good use as it was staked right away and put to good use. Comparing the earnings I had since then to the loss in value is quite impossible, but because I'm not planning to sell my LEO, it is not important as loss or gain is only registered when selling actually happens.

What To Do?

So, what to do in these cases? I've read a post here on Leofinance (don't want to name the author), a very smart one that said the best thing is to always sell the asset that worth more and buy the other.

Back in March and even before March lots were selling HIVE to buy LEO, driving LEO price high, which meant selling LEO was a good idea. Now selling HIVE to buy LEO is a good idea. Taking advantage of volatility is an interesting game and I'm sure there are people playing it with HIVE and tribe tokens.

My LEO stake is not substantial enough for this game, I have preferred to stake every LEO I have earned in order to be able to curate, but who knows, maybe one day I'll be able to play the game but what I'm really hoping for is for both tokens (and any other tribe token actually) to appreciate in value.

We're entering a new phase, the last phase of the bull market and hopefully we're taking off soon. It'll be interesting to see what can HIVE do at the end of the bull run. Are you ready? I am :)

Posted Using LeoFinance ^Beta