Keeping your Crypto-Powder Dry
Just as in a traditional investment portfolio, where a certain amount is kept in cash, we need to have the same flexibility. This is why after the onset of DeFi and the increased exposure gained of Hive and Leofinance, I'm now slowly building up an amount of LEO and HIVE in order to be able to respond the next time Fortune comes knocking at my door.
I'm happy for those who were able to navigate the maze of instructions and activate their CUB and are now reaping the rewards. While I don't have the crypto-firepower that others did, I am slowly building my account and am closing in on 4000 HP With a little over 2K delegated. The long-term goal, is to become a Dolphin at 5000, while increasing the non-delegated amount so that there is a 50/50 split available for curation.
Ready, Set, GO!
Yet another example of being ready for the unexpected, was the HIVE airdrop. I'd begun to notice that a number of veteran members had slowed their posting rate, almost as if they suspected what was coming and were the taking time to build our own version of Noah's Ark called Hive. The flowering of the different tribes soon followed and those that were prepared, were able to build a strong stake, early on. LEO was $0.03 at one point, and I was not able to capitalize as I'd needed to. Hence, the desire to start building my digital Ark, in order to stay afloat when the "flood of opportunity" starts pooling again.
In 2005, Steve Jobs took the stage and announced a surprise switch to to Intel processors for Apple. Turns out the PowerPC chips they'd been using thus far, couldn't meet the needs of the new chips planned for the PowerBook G5. Turns out, Apple had planned for 0S X to run on PowerPC and Intel chips from the very beginning.
This was his "just in case" plan so that Steve had options no matter what happened. So it was no surprise when Apple had a smooth transition to Intel in 2005 and a similar one in 2020 when they switched again from Intel to the new, powerful Apple M1 chip. Just as when Hive was birthed from the ashes of that other blockchain platform.
It's good to have options...
It's also good to have goals, and I can see the value in keeping a portion of your powder dry, because information can change in an instant. That old adage of "buy on the rumor, sell on the news, didn't just fall out of the sky. It was built on decades of watching investor sentiment and seeing how nimble traders are always ready to act when the time comes.
Thank You So Much!
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STOPCheck out the last post from @hivebuzz:
I have a really hard time keeping dry powder for crypto - but have plenty in the traditional markets. I think its mostly because I always feel cashflow poor - but have plenty of assets in my traditional markets built up over time to play with. I guess I was never as concerned given that I can typically transfer and sell in a few minuets to buy what I wanted in crypto world.
Posted Using LeoFinance Beta
It's good to have that flexibility, while having a foothold in both worlds. But at least you have an alternative if the SHTF and you had to liquidate everything. Hopefully, it won't ever come to that.
Posted Using LeoFinance Beta