Leofinance For The Long Term

There are those who chase yield. Then there are those who make a fortune by being HODLers. This is true whether we focus upon cryptocurrency or the stock market.

Consider Bill Gates and Elon Musk. Both are among the richest men in the world. How did they amass their fortunes? For the most part, Microsoft and Tesla are responsible.

As we can imagine, Bill Gates went through a number of bull/bear cycles during his near 40 year of company stock. There was Long Term Capital Management, the Dotcom bubble, and the Great Financial Crisis.

The same is true for Elon Musk albeit not quite a long as Gates. For example, in 2022, the value of Tesla stock dropped about 70%. This is quite a hit for anyone to take. Nevertheless, Musk did not waver although he was selling some shares to fund the Twitter purchase.

Here we see the key to wealth.

Arnault, Bezos, Ellison, and Buffett are all the same. They are identified with specific companies for a reason. They amass a position and holding it while the value of the underlying company grows.

Leofinance is the same way.

Surviving The Bear: Build

There is one way to survive a bear market: build through it.

Basically, it is a good time to ignore market conditions as they do not tell the story. With cryptocurrency, we are accustomed to large swings. However, when it comes to Leofinance, we see a great deal of advancement taking place. Project Blank was finally released under the LEO umbrella. So far the response is very positive.

This is enhanced by the fact that we are seeing updates rolling out regularly. Just this morning Bookmarks was activated, bringing another feature to the user interface.

The repositioning of the focus on the base application looks like it will pay dividends. It is no secret that most of the Internet community is not long-form authors. The traffic on Twitter far exceeds that of Medium. LeoThreads is starting to tap into this.

So far cryptocurrency is infected with price actions due to hype. Too many believe that market price reflects a value. This is not the case. Over the years, we saw a lot hyped only to crash (and end up as zero).

Fortunately, Leofinance is continuing the building. Each week, with the new UI, we are seeing additions made. This has the team looking to having 5,000 monthly active users by the end of the year. Personally, I think this is way too low.

It is important to remember that, in Web 3.0, there are not a lot of applications with a ton of users. Most of the engagement takes place on the likes of Twitter, with people trying to pump their favorite project.

Within Hive, we see the exact opposite. The ecosystem is focused upon building, exactly what should be done during a bear.

Just this week, we saw the POSH project expanded to LeoThreads, bringing out the GOSH token. This incentives people to use LeoThreads and share content.

This is where long term wealth building comes in. It is heard to weather the bear markets when things are a grind. However, when we look at where Leofinance will be in a couple years, this should provide a great deal of encouragement.

Article by @taskmaster4450le

Posted Using LeoFinance ^Beta