Friday Finance 12/17/2021: Approaching Year End

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It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the Leo community.

As we enter the holiday season, I can't guarantee that I am going to be able to do the last two Friday Finance posts of the year. The first one would be on Christmas Eve which for my wife's family is "the main event". Then, the final one would be on New Year's Eve, and who knows what is happening there...

At this point, I would consider any further Friday Finance posts from me in 2021 a bonus and leave it at that. Otherwise, see you in 2022, it's closer than you think!

Glad I am not the only one...

Each day we watch closely as the crypto markets go up and down. Most of us anyway. I am definitely one of those people. One of the things that has given me solace lately as I try to determine what is happening and where we are heading, is the fact that for the most part, everyone seems to be just as clueless.

Sure, there are charts, metrics, trade analysis, past trends, all of that stuff, but really no one seems to know what is going to happen from day to day.

That gives me some hope that I am not as horrible at this whole crypto thing as I would have thought.

I remember six months ago when I believed just as hard as a lot of other people that Bitcoin was likely going to be at $360,000 by the end of the year (it still could...), or that alt coin season was just around the corner.

Yet now here I sit with just a couple of days left in the year wondering if I missed it all.

I'm honestly not too distraught over it, but like I said, it makes me a little happy to know that there are a ton of other people feeling the same way as I am right now. You only need to scroll through the Leo posts on a daily basis to see that.

Bottom line, we are all in this together.

The good news is, I am hearing far less stories these days like: "I invested my life savings into crypto and now I am rekt".

Speaking of uncertainty...

Bear markets are inevitable. I think we can all agree to that. There is also a growing consensus on the fact that whales can be made in the bear market, they just won't see it until the bull market.

Keeping that in mind, I wanted to talk about some of the tokens that I am going to be looking at snagging up when the bear market hits.

Fingers crossed we see another small (or big) pump before that happens so I can move some funds into stable coins to be ready for "whatever happens next".

First and foremost I will be looking at Hive. I mean duh... That is just a no-brainer right? No one really knows where the new bottom or support is going to be for Hive. People probably have their speculations, but until we are there, it is just all a bit of a crap shoot.

If I had to guess. It will likely be somewhere below $1. Maybe that $.80 mark or something like that (trust me, I hope I am wrong and it is higher), but either way, I will be using some of my stables to pick up some more Hive.

Another token I will be looking at really closely and potentially grabbing some more is COTI. I was turned on to COTI by @cryptoandcoffee. I have added it as one of my monthly buys on Coinbase. I also have a small stack of it over in my MetaMask wallet. At around $.30 even now it is a bit of a steal. They are going to be opening up their staking and debit card to the US soon. I think that will be huge for them.

In the future staking COTI will be a significant source of passive income. I love my passive income, so I am all aboard with that!

One of my current regrets is not picking up more CRO when I had the chance at around $.20. If it drops even close to those levels again, I will likely be picking more up. I think there is going to be a lot of growth over at Crypto.com in the next three years and holding the CRO token isn't going to be something you will regret. Fingers crossed, CRO is the next BNB and that could be life changing!

LBI Governance Vote

If you are stakeholder in the LBI (Leo Backed Investments) token, you may have heard that there is an election soon for members of the Governance team. I had the pleasure of serving as part of the team for the past nine months or so. I have thrown my hat in the ring to serve another six month term as part of the team.

I am not asking you to vote for me.

What I am asking is that you do vote if you are a stakeholder. Don't let your vote go to waste. When the window has closed and they announce the candidates, make sure you take the time to vote for who you feel will do the best job.

It shouldn't be too hard right now because I am the only candidate (either you vote for me or you don't), but hopefully by the end of next week we will have a decent pool of people from which you can select your top three.

It's your vote, Use It!


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9 comments
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It really hard right now to picked token at market because it time of red light market. To consider which token to buy will extremely difficult.
I also give thought on your hive prediction, it either $.60 or below .80

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Trust me, I hope that isn't the case for Hive, but if things start to turn, then we are likely going to see a significant drop. What do I know though!

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There are a lot of opportunities out there. It is amazing all that is happening. We are at the beginning of a major revolution.

Just skimmed through the latest 1UP post from Flauwy. It is amazing what is happening.

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For sure! Great stuff! I love seeing these communities growing into their own and offering up their own internal developments.

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In the future staking COTI will be a significant source of passive income.

Let's hope to see the future of it but I hope so.

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The uncertainty in the market is pretty big but I don't think we can ignore the macro factors in the market. The crypto market is tied more to the normal stock market now so I wouldn't be surprised to see it fall over.

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That is a good point. Ever since Covid hit, the crypto markets seem to be extremely tied to the traditional markets. It is interesting to be sure.

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