Pay Attention To The Secondary Layer Tokens
Quite honestly this seems like no value considering the time spent building the secondary tokens as this represents years of work. My Hive wallet has more than 14 x more value and why I think we tend to neglect what the tribe tokens value represents.
The last time Hive achieved its ATH of $3.41 I was blown away not only by my Hive wallet value, but also the value in my Leodex wallet. The normal $2.5K was now over $30K and kind of took on a more important role. Up till that point I had not paid that much attention to the tribal tokens and this is how we underestimate the values we see. Hive doing a $5 on the next run would put a Leodex wallet value up by around 20 x so in my case possibly close to $50K which doesn't seem real,but is.
I know Leofinance has a big promotion on trying to get stakers to double their stakes over the course of the next 12 months and I am not saying it isn't possible, but is worth a shot. There is nothing to lose by trying as at the end of the day everyone benefits through your actions.
I finished the year on 15K Leo and now need to target another 15K knowing the first 15K took just over 2 years to accumulate. Is it possible I don't know as there are so many good things around on Hive like HBD offering a 20% APR.
The problem with everyone staking is the value of your curation keeps dropping so the initial target of having 1 Leo value per vote has been eroded away and now sits at 0.6 Leo per 100% vote. This would return in the region of 3 Leo per day instead of the planned 5.
I think you just have to take it month by month to see how close one can get and my initial hope is to achieve in the region of 900 Leo per month which will get me nearly 80% of the way to the 30K target. averaging 30 Leo per day is a tall target as this is not something you can say with any certainty if this will be possible or not. You are relying on receiving support to achieve targets and why I don't really partake in these types of challenges.
All one can do is try their best and try and get as close as possible or possibly surpass the targets. I would have been comfortable with a 50% increase in stake so a 100% increase is way out there.
This all being said is at the end of the day doubling your tribal tokens is only going to benefit yourself and the others in those tribes long term as you are now offering more support through your vote values.
Someone who is dedicated and consistent over the next 5 years could easily have a $100K value just in the Leodex wallet. This is kind of crazy to even contemplate but we have to have an open mind to see the possibilities. When Hive takes off like we all expect it too at some point further down the line these numbers could seriously increase very quickly.
The problem we all can see with many tribal tokens is the liquidity as on some if you tried to sell you would just crash the tribes value. The hope is in 5 years from now that may all change and the numbers of users would have increased making for a more stable environment. If it doesn't that is ok with me too as we are all supporting each other anyway. Not all will succeed whilst others flourish and gain more value.
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Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
The secondary tokens are important, but you need to remember that those numbers are skewed. It's all based on the buy and sell orders even if there is no volume happening as far as trades. For example, my Leodex wallet is showing a value of $6735 right now. A large portion of that is based on the DEFI token having a value of $1660. If you look at the trade history of DEFI though, that number is totally wrong. That number is so high because someone put up a very small sell order of .35 DEFI at 987654 Hive. Trade history shows there has only been two trades in the past couple of months and they were both at 1 Hive or less. It's important to look at the actual demand and volume on tokens. That being said, I can see LEO getting back to over .5 Hive easy.
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Also very true and knowing this doesn't lead you into a false sense of security. Thankfully don't have that on my wallet value right now and mine is more or else correct in value terms. Things like SEED however are going to seriously increase when the markets pump as @empoderat will do his magic.
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yeah, for sure. I think a lot of the bigger tokens are pretty close to the actual value, people just need to be careful when they are looking at that number.
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It is interesting how you look at everything on Hive on a 5 year timeline. I think that is crucial for anyone who is starting out on this platform. This product takes your blood and sweat if you are not the type who is able to connect with anyone and everyone in the world. If you are they shy type who is not active in networking, it will be a daunting task. But, no matter the personality type, if one shows up and do what they are capable in terms of posting 5 years is a long term ramp. What this means is you need to enjoy the platform without putting too much emphasis on earning initially.
Yes I agree I have never looked at why I see everything as 5 year time lines, but this is what it takes I suppose. I do think it is that hard and the first 2 years you are still finding your feet. If you think about giving yourself 10 years to set your future up financially then you may as well enjoy it or you will hate doing this.
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Agreed. After two years, I see this as a platform where I get my information and share what I like to share. I am happy earning whatever is coming my way. I value the information that is shared in communities and post items that I think is relevant for others.
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While there is an abundance of second-layer tokens on the Hive blockchain from which some do not bring any value, there are some that have proven their worth through bull and bear markets. While I don't invest much in them, I continue to grow my stash of a selected few: SPS, GLX, LEO, BXT, SIM, POSH, CTP, and BEE.
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I just accumulate everything as you just never know what might happen next. I don't purchase any besides a few that were investments as earning them is more fun.
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It's safe to say that most of these tokens are backed by Hive in a way. However, they tend to dump when Hive pumps because people want to arbitrage the sudden secondarily influenced price change which has pushed the value above it's actual demand.
With Leo, I believe at some point it will all balance up, with more liquidity flowing into the market overtime, provided we keep building that's to say.
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I am going back over my goals and starting to balk at the big goal I made :-)
But I am determined to make a go of it. What you say about the valuation of curation is true, but overall a win for the token and participation.
What you say though makes me think...maybe I should scratch up the money and go full on early in the year to get the most benefit :-0
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A person should think about the timing before taking an entry in crypto, after how long he has to take exit or he will not take exit from this market until a price comes to his target. I see Leo Coin's price going up a lot in the near future because it's very famous dapp on hive. As soon as the bull market starts, yes, hive will appear at five dollars. As the market is starting to settle there is a nice pump at the hive price two days ago. Staking is best option to the holder's to stake his coin's and earn daily reward.
Secondary Tokens will play a very important role in the future.
To build a good portfolio and see the fruits of your work, you need to think like you do over a period of at least 5 years, then each objective can obviously be broken down into smaller objectives, but the important thing is to be patient.
Nice post thanks for sharing!