Ask Leo: What To Do With Leo When You Don't Know What To Do With Leo?
This week has felt awkwardly weird for me regarding crypto. I'm in a tailspin after selling my Steem that I had been holding since the big crime and I sold a day before the pump.
It was my last bit of the bag. I had turned 4,000 steem into Leo and then Cub and sold my last 2500 at $.50. I don't like steem anymore but I wanted the gains if/when the price rose.
It's not like I didn't get anything for it but selling it for half price doesn't feel good. And then Cub.
I've been sitting in Cub den since day 1 and I feel like I don't have the financial literacy to take advantage of the farming. I've been advised to sell my cub for BNB by some Cub outsiders but haven't done so. I'm just sticking it out.
But my Hodling everything on the hive blockchain makes me feel like I'm sitting on the sidelines in this Bullish Market. I watch the price of Hive and Leo move around without making any type of play.
At the heart of it all was to sell steem & hive to get as much Leo as I could with the intention of becoming Project Blank maximalist. Had Blank launched already I don't think I would be questioning myself.
However, at this point in time I have very high hopes for Blank but low expectations. Not that it won't launch, but that we've missed the wave when the entire world was wanting to decouple from Facebook & Twitter. Striking while the iron is hot is important when launching a platform.
But now I have just hit the mark of 200 liquid leo in my account that I have not yet powered up for the project blank snapshot. The intent is there but I'm wondering since that's roughly $200 real dollars what I might do with that.
Do I want to power that up in Leo to make very little difference in my curation?
Do I want to buy hive?
Do I want to buy Cub?
Or, do I want to venture into the real crypto world and take a chance on something else?
I value the Hive mind of the community so thought Id throw this out there. I've been doing a lot of marketing testing for Hive and it seems nobody really knows about us and maybe it is time I venture off chain.
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One of the things I've come to admire about Khal and crew is that the LeoFinance organization doesn't tend to launch anything new till it is truly ready to be out there. Hence I have a lot of faith in the viability and impact of Project Blank.
That aside, I'm not really a trader; never was. The few times in the past where I had some free cash and tried to "time the market" I essentially ended up pretty much the same as I would have from simply holding, except I spent a lot more time on anxiety and worry.
On the marketing front, I've been thinking along similar lines... actually spending some time away from Hive, working on revitalizing my OLD blogs out in the mainstream... with an eye towards creating some posts there to publicize and point to Hive. We don't need to market Hive ON Hive... we're already here! We need to market *elsewhere,8 to our old circles we used to hang out with.
=^..^=
Best way to market right now is through super chats on the youtube livestreams of crypto influencers. It works because all eyes are on them. If we had a dedicated group of Hivians doing that it would help.
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!ENGAGE 40
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ENGAGEtokens.Ultimately the choice will be yours. I personally want to build myself on the block chain so I am growing my HIVE and LEO stake slowly. I feel like growing myself on the block chain is better for now but I would also want to branch it out more later.
I would also say that diversification is not bad. As long as you don't spread yourself too thin. If you at least give the the different ideas a try, you can at least see if it was right for you or not in the future.
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I feel in a similar way to you right now although I'm still powering up my LEO which, like you I was HODL'g for project blank.
It would be really great to get an update from Khal or someone on the team. There's been nothing for a while now. Just saying CubDefi is taking longer than envisaged but we'll get to Project Blank after that would be good.
One of the things that made LeoFinance stand out for me was there regular communication and now that's not happening.
I'm starting to wonder if something has gone wrong or they've hit some challenge they weren't expecting.
Diversifying outside the Hive universe is a healthy option I think. There are plenty of choices out there. I am dollar cost averaging BTC and I have some LTC left over from the days when I used it to buy Steem.
I also use crypto.com's Supercharger to get a variety of coins as earnings for the CRO I own. I'm not sure that's actually worth it since the amounts are small but it's a starting point. 😊
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