Long Term Outlook On Leo Is Terrific
It is easy to get caught up with all that is taking place (or not taking place) in the moment. One thing that I learned over the years is that if we are in a marathon, do not look at things like it is a sprint.
Those of us who are involved in crypto on a daily basis can suffer from being "too close" to the situation. Each day we look at things, not seeing much happening. This tends to lull us into a sense that little is taking place.
Nowhere is that more true than with Leofinance. Just 6 months ago, it was the hottest thing on Hive. Now, people are wondering if it will ever get back to where it was before.
In my mind, this is a case of people failing to step back and truly seeing where things are going. The optimism that was in place with Leofinance at the end of 2020 and entering 2021 is still valid. Nothing has changed.
Yet, to watch people's responses, you would think that they development team all died in a plane crash.
The truth of the matter is development takes time. Anyone who embarked upon this world knows that is the case. Even the best known plans can get blown up by development headaches that come out of nowhere. Sometimes the simplest projects can turn into overall nightmares as the coders start digging into what needs to be done. This is just par for the course. If you doubt these words, find a developer who worked on some decent size projects and get some of their war stories. They all have them and they are not pretty.
Getting back to Leofinance, as we see on the weekly AMA that is taking place, development is being done on a steady basis. There is a lot of attention being paid to Cubfinance, which is one of the arms of the Leofinance ecosystem. As we can see, the Kingdoms are starting to take off and garner a bit of attention. This could bode very well for the future prospects of that project.
It is vital to keep in mind that it all feeds into Leofinance. Cubfinance is a Leofinance project. It is under he umbrella and they are tied together. It seems many people want to separate the two. That is akin to separating Instagram from Facebook. Sure they target different audiences and operate separately yet both are under the same company.
All development being done will, in some way feed into Leofinance. This is going to enhance those who are involved with LBI. The fact that all activities will be feeding into token burns as well as looking to direct traffic to Leofinance.io is a positive sign.
As a long-term follower of Tesla, I can tell you what it is like to watch something that appears to have nothing happening. Progress is often slow, so much that it looks like things are going nowhere. However, there comes a point where the world wakes up to what is happening.
When that hits, markets tend to go batshit crazy.
Of course, crazy markets without substance is just fluff and we know what fluffers end up covered in. At the end of the day, that is not something to take to the bank. When the price eventually plummets, catastrophe ensues.
LBI is following the same time horizon as Leofinance. Since the plan is to operate on a long term basis, we need to take the same view. Activity has to remain constant if we ever hold to reap the benfits of success down the road. It is the action taken today which brings about the results for tomorrow.
The Leofinance team is hard at work developing and improving things. We are now enjoying updates to the Leofinance.io site every couple weeks. While the changes are minor, it does reveal to all that progress is taking place.
At the same time, bigger plans are being brought to the forefront. Increasing the value and features of Cubfinance is only going to help to cement Cubfinance as one of the platforms in DeFi. Since it is such a new field, it is wide open in terms of branding. Leofinance has a chance to excel in this area since it already has a two year track record under its belt.
If you want to be part of something extremely successful, do not look at where it is today. Instead, focus upon where things will be in 5 or 10 years. That is the timeline whereby enormous fortunes were made.
People want to be a part of the multi-million dollar success stories yet most lack the patience to do so. It is sad this is the case but it is why few are able to truly achieve enormous financial wealth.
When you believe you have a winner, sit back and let things unfold. In this instance, time is our friend. We just need to let it play out.
Article by @taskmaster4450le
Posted Using LeoFinance Beta
