It's Crypto Mondays - Dollar Cost....Not Average!
We had an interesting question pop up in our Telegram group today...
A member wanted to know, what is a great way to increase their Hive Power, SPT Power, Leo Power and general crypto stake.
They were doing everything right, commenting, curating and creating every day on chain...But wanted to know, if they were missing anything.
It came down to this...And something we have lived by for years here...
We dollar cost average into everything we do!
From #Splinterlands to CTP, LEO to Hive...There is no better strategy in our opinion that slowly and steadily, dollar cost averaging!
And tonight, we discussed that and so much more :)
Hope you enjoy the show!
Vote for our Witness Node (clicktrackprofit) On..
Hive:
https://peakd.com/me/witnesses
https://wallet.hive.blog/~witnesses
Hive-Engine:
https://tribaldex.com/witnesses (clicktrackprofit)
▶️ 3Speak
This is one of questions rising from my mind everyday, but I think I finally get an answer to it...Thanks for sharing
Glad we could help out :)
It just feels good getting updates here from @jongolson it's really awesome
Thanks for the suggestions on Splinterlands and also dollar cost averaging. It makes sense. Take care.
Appreciate the inspiration today for the talk lol
Anytime.
It's really tough to figure out how to plan around vouchers. At least for me, I don't think I want to spend the funds to buy 100 vouchers right now so selling it now even if I lose the promo card works well for me.
Posted Using LeoFinance Beta
I'm a degenerate Splinterlands addict lol Thats my excuse!
I'm doing dollar cost average the other way around. I sell 40 SPS every day and I stake the rest. The 40 SPS I sell go into my SL warchest lol. I will probably use it only well after the pre-sale...
Pretty solid plan. I am very excited to get these packs, and now can't wait to open them
1.) You know how when something is new, the state of confusion insues? I may have missed the boat on Bro Coin. In case I did not, did you delegate hive in return for bro? or Was it just by staking Bro, you received drop similar to index? I am a bit confused, but after buying and holding just a little bit of index, with some simple arithmetic I would be stupid not to jump on those sorts of deals.
2.) I am trying to understand the hive power sturcture. To do anything in any of the Hive Communites we need to have Hive Staked ( so far simple ) When we are upvoting our votes pay to the author both hive and the token of the front end I am using to vote. If I am using the CTPTalk front end, the author would get ctp tokens. In addition to this I also get a 50% return on just my hive upvote or would it be both Hive and CTP tokens, so if my vote was .5 tokens ( soon) then I would have receieved .25 tokens for the upvote?
I know you have explained this many times in the past, I am really trying heard to know this like the back of my hand :-) Really appreciate your time :-)
Oh man, I need to remember these for next week's Q&A show lol
No problem I can copy and paste them to Thursday's post :-)
Posted Using LeoFinance Beta
Great stuff guys learning a lot thanks for all your efforts
Summary:
The episode featured a conversation between Jon and Blaine covering a range of topics related to cryptocurrency investments, the Index project, and the popular Splinterlands card game. They discussed their investment strategies, experiences, and insights into these subjects, providing valuable information for viewers. The discussion included mentions of projects such as SafeMoon, Shiba Inu, and the Chaos Legion expansion within Splinterlands. The speakers emphasized the importance of strategic investments, dollar cost averaging, and setting achievable goals in navigating the cryptocurrency and NFT gaming realms.
Detailed Article:
The episode of Jon's channel dives into a comprehensive discussion between Jon and Blaine, exploring various facets of the cryptocurrency space and blockchain projects. The conversation begins with technical difficulties related to live streaming platforms, setting the tone for a casual yet informative exchange between the hosts.
The discussion quickly transitions to cryptocurrency investments, with a particular focus on meme coins like SafeMoon and Shiba Inu. Jon shares his investment experience in Shiba Inu, highlighting the potential for substantial returns if the value reaches one penny. Despite expressing skepticism about meme coins, he acknowledges their profitability in the evolving cryptocurrency landscape.
The conversation expands to include the Index project, a platform facilitating the distribution of voucher tokens. Jon commends Index for its efficiency in providing users with access to various tokens through a streamlined process. The benefits of utilizing Index for acquiring voucher tokens are underscored, shedding light on the platform's role in the cryptocurrency ecosystem.
Moreover, the hosts delve into the intricacies of the Splinterlands card game, with Blaine outlining his plan to purchase 100 packs from the new Chaos Legion expansion. He emphasizes the potential rewards, such as the acquisition of a Dr. Blight legendary monster card for every 50 packs purchased, and the allure of obtaining gold foil legendary cards within the packs. The discussion showcases the strategic approach to maximizing gains within the gaming realm through thoughtful investment decisions.
As the conversation progresses, the speakers touch on the dynamics of increasing Hive power and crypto investments through dollar cost averaging. They stress the significance of consistent investments, cautioning against emotional trading and advocating for a long-term perspective in wealth accumulation. The dialogue underscores the importance of setting achievable goals, exemplifying the power of gradual accumulation in building a robust investment portfolio.
Furthermore, the episode sheds light on practical steps for engaging with blockchain projects like Splinterlands, offering insights into strategies for acquiring and utilizing voucher tokens within the ecosystem. The hosts' emphasis on setting realistic goals, leveraging dollar cost averaging, and strategically investing in digital collectibles resonates as actionable advice for navigating the complexities of the cryptocurrency space.
In concluding the episode, the hosts extend gratitude to the audience, promote products available on the channel, and offer assistance to viewers seeking guidance on investments or tutorials on voucher utilization. The episode encapsulates a wealth of knowledge and practical guidance for individuals looking to explore cryptocurrency investments, blockchain projects, and the burgeoning NFT gaming landscape.
Overall, the episode serves as a valuable resource for both novice and experienced individuals in the cryptocurrency space, providing a nuanced understanding of investment strategies, project insights, and practical tips for navigating the evolving world of blockchain technology. Jon and Blaine's engaging dialogue offers a holistic perspective on cryptocurrency investments and blockchain projects, enriching viewers with actionable insights and informed perspectives on wealth generation in the digital age.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.