Financial Goals 2021

LeoFinance
22 days ago
3 Min Read
617 Words

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@theycallmedan is encouraging people to share their financial goals for 2021. If you haven't read the post, I recommend checking it out here.

He presented the following questions:

  • Which is going to be your investment strategy for 2021?
  • Do you have any specific assets that you want to invest in?
  • Preferred Investment? Crypto, Real State, Commodities, Stocks?
  • Do you have a plan or a set of goals on how to use and grow your stake?

Which is going to be your investment strategy for 2021?

As usual, my main strategy is to increase my Bitcoin holdings. I want to spend more time looking at additional opportunities. Since I joined Steem, I have had tunnel vision and haven't taken advantage as many opportunities as I would have liked to. I started participating in DeFi in 2020, and want to find new projects that have a lot of potential.

Do you have any specific assets that you want to invest in?

I have no precious metals and have been looking into picking up some silver and/or palladium. I have been watching silver prices and they have dipped in the last few months from $27 to $24 and now back up to $27.

As a layman in precious metals, my gut is telling me palladium has the most potential right now just looking over the charts, but everyone raves about silver.

Preferred Investment? Crypto, Real Estate, Commodities, Stocks?

I used to prefer day trading stocks, but Crypto is my real preference these days. I haven't really looked at anything else in four years.

Do you have a plan or a set of goals on how to use and grow your stake?

Nothing outside of the usual. I post on most days, and I am always curating users who I feel a producing good content or putting effort in.

Share your prediction for the price of Hive and LEO in 2021

At this rate, unless something changes I think Hive will stay around $0.08-$0.15. We desperately need good marketing and take advantage of opportunities for exposure. There has been some talk about this, but nothing has been started at this point. The amount of Hive being withdrawn to exchange has doubled recently. I also see a lot of funding coming from the proposal system dumped on the market for projects I don't believe bring the same amount of value to hive. This has retarded the price of Hive even when Bitcoin is taking off.

I think @blocktrades project that may introduce tokens and smart contracts has a good potential to grow Hive if we can get a few large projects to use Hive. Even just one or two good projects can triple the price and userbase overnight. Not sure we would see the fruits of this in 2021 though.

I think Leo will continue to do well due to the impressive amount of innovation @khaleelkazi is doing with the project and the amount of support from the community. Before you can digest one improvement, there is another one coming out not long after. I do think Leo needs to have more people buying from outside of the Leo community to help support the price, but each new improvement drives the price higher. I suspect we will see around $0.50-$0.75 Leo at some point in 2021, but will need new investors to sustain it.

Honestly, I would have loved to see the same energy LeoFinance has had for the last 6 months for Hive.

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