Blogging vs Buying LEO | Dumb Trades | $6 In Celo
After powering up fifty HIVE, I had about ten left over that I wanted to exchange for LEO. This was a couple days back. Heading over to LEODex, I set my bid somewhere near the middle of the highest bid and lowest ask.
Then I waited a day.
Checking back, LEO wasn't headed in the lower direction I set my bid at. Instead of canceling and setting a new bid, I canceled and started thinking....
My hope was to pickup at least 40 LEO. This would allow me to power up and cross the 1,000 stake mark. Seeing that the nearest ask with any liquid LEO was at half a HIVE token, I decided it would be much better to just keep blogging.
Stupid Trades But No Black Swans (Live & Learn)
To make a long story short (cause it's sad anyway), I put the earnings I had taken and was holding in DAI back into the market way too soon. Yep. I could have gobbled up more tokens with this dip, and waited to see if it falls even more.
That's not to be the case with my early pull of the trigger. I'd throw some fiat earnings from my website into crypto, except I just left my job and lost that source of income. Now is not the time for any extra spending.
The way I see it, this is nothing more than another (out of many) live and learn situations. And by no means has it left me with a negative outlook. I still have my fingers, body, and brain.
Here are the positives: I'll easily cross 1,000 LEO in the next week or two, and I'll continue to blog on HIVE. This will increase my earnings in both as the market decides which way to go.
Though I now need to find another source of income, I can do better than I was doing before. Testing concrete wasn't doing it for me anyway. Nor did it allow enough elasticity in scheduling to make it work.
Another positive is that I didn't have any long positions in my portfolio, a mistake I've made in the past. Though the dip has meant a loss in value of my hodlings, it hasn't reduced my amount of actual hodlings. As long as I remain active, my hodlings will keep increasing.
Celo From Coinbase Earn
Last time, I picked up some Kyber from Coinbase Earn by way of an email notification. This time, I decided to check Coinbase Earn while the market was down. Seems like a good time to learn and earn to me.
I never got a notification but there was $6.00 in Celo nevertheless. So I watched the three videos and answered the single multiple choice question that follows each one.
Earning six bucks in Celo in roughly five minutes time is well worth it. Since there are 12 five minute periods in an hour, that work comes to $72/hour. I'm not sure if I could watch videos for a full time job, but I could probably pull at least 4 hours a day! Lol.
What about Celo? Celo offers the properties of both a stable coin and a DeFi token. cUSD is the Celo stable coin and the Celo token offers the DeFi protocols. Holding Celo enables anyone to stake and participate in chain governance.
The mainstay of Celo is that it works within seconds from anyone's smartphone. One person can easily send Celo to another person anywhere in the world using their phone. This is all made possible using the Valora App.
If you send Celo to someone's phone who doesn't understand or use any other cryptocurrency, all they have to do is download the Valora App to receive it. Sounds good in theory. Time will tell how well Celo performs using cellphones and a mobile app.
And that's all for a Saturday morning. Until next time, I thank you for your time and attention.
As always...
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Posted Using LeoFinance
