How I'm saving by hodling WEED, LEO, PEACE, and CANNA tokens!

in crypto •  4 months ago  (edited)

Welcome to the 96th weekly installment of my series on Steem income and growth!

Income on this blockchain is generated by "investment" (the more currency you have, the more you earn) and by "work" (earning currency by contributing content that adds value). I'm working to earn STEEM by creating (and curating) valuable unique content.

Calculating weekly income

Here's the running tally, including my wife @MediKatie and our joint account @GirlsofGreen:

Week 01 - 0840 (+ ? ) STEEM (+n/a%)
Week 02 - 0848 (+ 8 ) STEEM (+0.95%)
Week 03 - 0862 (+14) STEEM (+1.65%)
Week 04 - 0868 (+ 6 ) STEEM (+0.70%)
Week 05 - 0876 (+ 8 ) STEEM (+0.92%)
Week 06 - 0888 (+12) STEEM (+1.37%)
Week 07 - 0914 (+26) STEEM (+2.93%)
Week 08 - 0929 (+15) STEEM (+1.64%)
Week 09 - 0936 (+ 7 ) STEEM (+0.75%)
Week 10 - 0953 (+17) STEEM (+1.82%)
Week 11 - 0960 (+ 7 ) STEEM (+0.73%)
Week 12 - 0966 (+ 6 ) STEEM (+0.63%)
Week 13 - 0973 (+ 7 ) STEEM (+0.72%)
Week 14 - 0980 (+ 7 ) STEEM (+0.72%)
Week 15 - 0986 (+ 6 ) STEEM (+0.61%)
Week 16 - 0991 (+ 5 ) STEEM (+0.51%)
Week 17 - 0996 (+ 5 ) STEEM (+0.50%)
Week 18 - 1032 (+36) STEEM (+3.61%)
Week 19 - 1040 (+ 8 ) STEEM (+0.78%)
Week 20 - 1045 (+ 5 ) STEEM (+0.48%)
Week 21 - 1051 (+ 6 ) STEEM (+0.57%)
Week 22 - 1059 ( +8 ) STEEM (+0.76%)
Week 23 - 1065 (+ 6 ) STEEM (+0.56%)
Week 24 - 1073 (+ 8 ) STEEM (+0.75%)
Week 25 - 1079 (+ 6 ) STEEM (+0.56%)
Week 26 - 1091 (+12) STEEM (+1.11%)
Week 27 - 1100 (+ 9 ) STEEM (+0.82%)
Week 28 - 1105 (+ 5 ) STEEM (+0.45%)
Week 29 - 1108 (+ 3 ) STEEM (+0.27%)
Week 30 - 1119 (+11) STEEM (+0.99%)
Week 31 - 1151 (+32) STEEM (+2.86%)
Week 32 - 1159 (+ 8 ) STEEM (+0.70%)
Week 33 - 1166 (+ 7 ) STEEM (+0.60%)
Week 34 - 1172 (+ 6 ) STEEM (+0.51%)
Week 35 - 1177 (+ 5 ) STEEM (+0.42%)
Week 36 - 1183 (+ 6 ) STEEM (+0.50%)
Week 37 - 1196 (+13) STEEM (+1.10%)
Week 38 - 1204 (+ 8 ) STEEM (+0.66%)
Week 39 - 1220 (+16) STEEM (+1.33%)
Week 40 - 1250 (+30) STEEM (+2.46%)
Week 41 - 1264 (+14) STEEM (+1.12%)
Week 42 - 1287 (+23) STEEM (+1.82%)
Week 43 - 1300 (+13) STEEM (+1.01%)
Week 44 - 1312 (+12) STEEM (+0.92%)
Week 45 - 1323 (+11) STEEM (+0.84%)
Week 46 - 1351 (+28) STEEM (+2.12%)
Week 47 - 1372 (+21) STEEM (+1.55%)
Week 48 - 1394 (+22) STEEM (+1.60%)
Week 49 - 1410 (+16) STEEM (+1.15%)
Week 50 - 1436 (+26) STEEM (+1.84%)
Week 51 - 1481 (+45) STEEM (+3.13%)
Week 52 - 1505 (+24) STEEM (+1.59%)
Week 53 - 1517 (+12) STEEM (+0.80%)
Week 54 - 1529 (+12) STEEM (+0.79%)
Week 55 - 1540 (+11) STEEM (+0.72%)
Week 56 - 1555 (+15) STEEM (+0.97%)
Week 57 - 1576 (+21) STEEM (+1.35%)
Week 58 - 1606 (+30) STEEM (+1.90%)
Week 59 - 1620 (+14) STEEM (+0.87%)
Week 60 - 1631 (+11) STEEM (+0.68%)
Week 61 - 1647 (+16) STEEM (+0.98%)
Week 62 - 1674 (+27) STEEM (+1.64%)
Week 63 - 1685 (+11) STEEM (+0.65%)
Week 64 - 1702 (+17) STEEM (+1.01%)
Week 65 - 1714 (+12) STEEM (+0.71%)
Week 66 - 1722 (+ 8 ) STEEM (+0.47%)
Week 67 - 1734 (+12) STEEM (+0.70%)
Week 68 - 1752 (+18) STEEM (+1.04%)
Week 69 - 1780 (+28) STEEM (+1.60%)
Week 70 - 1937 (157) STEEM (+8.82%)
Week 71 - 2080 (143) STEEM (+7.38%)
Week 72 - 2179 (+99) STEEM (+4.76%)
Week 73 - 2334 (155) STEEM (+7.11%)
Week 74 - 2368 (+34) STEEM (+1.46%)
Week 75 - 2379 (+11) STEEM (+0.46%)
Week 76 - 2424 (+45) STEEM (+1.89%)
Week 77 - 2479 (+55) STEEM (+2.27%)
Week 78 - 2501 (+22) STEEM (+0.89%)
Week 79 - 2517 (+16) STEEM (+0.64%)
Week 80 - 2535 (+18) STEEM (+0.72%)
Week 81 - 2555 (+20) STEEM (+0.79%)
Week 82 - 2567 (+12) STEEM (+0.47%)
Week 83 - 2580 (+13) STEEM (+0.51%)
Week 84 - 2616 (+36) STEEM (+1.40%)
Week 85 - 2692 (+76) STEEM (+2.91%)
Week 86 - 2746 (+54) STEEM (+2.01%)
Week 87 - 2830 (+84) STEEM (+3.06%)
Week 88 - 2840 (+10) STEEM (+0.35%)
Week 89 - 2851 (+11) STEEM (+0.39%)
Week 90 - 2867 (+16) STEEM (+0.56%)
Week 91 - 2900 (+33) STEEM (+1.15%)
Week 92 - 2935 (+35) STEEM (+1.21%)
Week 93 - 2960 (+25) STEEM (+0.85%)
Week 94 - 3020 (+60) STEEM (+2.03%)
Week 95 - 3069 (+49) STEEM (+1.62%)
Week 96 - 3090 (+21) STEEM (+0.68%)

Average weekly growth (last 10 weeks): +34.4 Steem (+1.19%)

I directed some of my income into the token world this week, so our weekly growth in STEEM only added up to 21. That was still good enough for about .7% growth, but the 10 week moving average dropped to 1.2%.

Not that it's directly related to income, but my reputation has passed 67 3/4, meaning I'm currently the 1831st most reputable Steemian. I've never bought votes to jack up my reputation - that's all organic, right from the start 2 1/2 years ago.

Organic, just like my cannabis... and that's a good segue into talking about my favourite token....

CANNA!

Until a few months ago, I stayed out of the token world, preferring established cryptocurrencies like STEEM and BITCOIN. As I understood it better, and got a feel for it on multiple levels, I dipped in my toes. Not only did I start to collect, transfer, trade, and use the tokens... but I created a token currency of my very own, the Peace Token, which is slowly establishing itself in the minds and hearts of Steemians, and in the token marketplace as well.

How I've been accumulating tokens, other than spending a little STEEM here and there, is with my posts and comments. By tagging cannabis content to weedcash, and financial posts to steemleo, I've been able to get my stuff seen by more people, and grabbed a few tokens as well. I stake (power up) some of my WEED and LEO, but the rest I convert into CANNA.

CANNA is the token run by a few guys that make up "@canna-curate" here on the Steem blockchain. They also have several other side projects and accounts. CANNA is a token that feels a bit like shatter or hash, to me. It stores well, and it's packed with goodness! Yum :)

The way they incrementally sell blocks of the currency is appealing. This doesn't flood the market with cheap tokens all at once, but dishes them out in a way that the community can disperse them and begin to transact with them over time. The price therefore remains relatively stable, which is important to some investors, who prefer to hold the commodity, rather than trade in and out rapidly. This encourages stacking (and bigger hodlings).

For me, whenever I have a few bucks worth of 'free' tokens in my wallet, I'll convert them into CANNA, and sit on it. So far I've got 302, a value of about $50. They're selling for 1.1 STEEM each right now, and there are only 3700 left at the current price level. I believe the price will reach about 2 STEEM each by the time they're done rolling them out, and that's potentially only the beginning of their eventual price. If they find more uses over time and continue to be recognized in the community, who knows?

For now, I think it's just good to put your savings into things you believe in. For me, that's generally gold and silver bullion, but in the digital world, I like Bitcoin, Cardano, STEEM (fingers crossed on that one), and tokens like PEACE and CANNA. As I've said many times, I'm not an investor, I'm just trying to use money and currency I believe in. It's an evolving process, nowadays, with all the changes (and the cashless society being shoved upon us), but also an interesting one.

DRutter

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Cash and cryptos are king! :)

Credit cards, PayPal, and plastic notes kinda suck :D

Thanks for those kind words

Np!
I give criticism where I feel it's due, so only fair I also give praise where I feel it's due as well! Otherwise I'd be being intellectually dishonest, which I really strive to avoid.
Thanks for supporting canna content and managing a cool token :))

I have a fair amount of weed tokens, and 50 canna tokens right now. I keep powering up my steem so I haven't had the extra to convert to canna.

That's cool, sounds like you have some tokens you appreciate, and perhaps they'll end up appreciating, too! ;)

haven't heard of peace token yet!.. hmmm

Well I'm glad I could introduce you :)


You have received a Peace Token!

PEACE is a currency (which you now own 1/47000th of) within the Steem blockchain ecosystem, accessible through Steem-Engine! As a Peace Token holder, thank you very much for your efforts to spread and sustain peace.

sweet! thank you, what is the tag used for? anything political/peace related?

For now just using the tag or hashtags to find other people talking about or promoting peace around here. If you know of any good posts or comments I could reward with a token, please let me know, and I'll send you another one as well. I'm trying to dispense them mostly to people who identify with the idea, nothing too deep, mostly for fun. And I only created 47000 of them (max ever) so there's a chance they could have a collectible value. Currently they go for like 1.5 cents or something. As somebody who is interested in how money and currency work, it has been an interesting experience :)
If you have ideas for a bot or something, feel free to suggest it! I'm open to experimenting within certain boundaries.

can you use a tag for it? or is it more like those beer tokens?

  1. Nice stack

I took your advice and I'm holding tokens instead of cashing them in! And of course I have several others. That's the beauty of a digital wallet, it never gets full or disorganized! hahah

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stack those tokens!!!