Learning the ropes of LEO Finance
I have been around ever since the good / bad old Steem day's. LEO launched as a second layer token on steem and of course migrated to the Steem fork Hive. Ever since the beginning of my journey I was earning LEO. Like any new crypto person I dumped a lot of tokens to buy Hive. I then learned my lesson like most moon rekt boys and saw some real developments with LEO.
So, like any moon boy I converted my Hive back to LEO but by that time it had already quadrupled in price. Either way I started stacking LEO so I could at the very least stake a minimum 5000 LEO. Staking is re-investing into the tribe as it had dipped it's paws into Ethereum.
I like Ethereum! But I couldn't imagine my hard work to power down only to go into Ethereum. Should I have done that I would be on top today, but what about tomorrow? Jumping around like a little moon-boy is just repeating the mistakes of the past. I tried to learn from past lessons and decided to keep my LEO staked even though Ethereum has outperformed. My stake is LEO GOLD, and my curation is almost like the defi of Hive.
But not, LEO has it's own dedicated defi which has shown to be in a rollercoaster of it's own! Just a few months ago it was $11, then $3.50, then 0.55 cents! Right now we are creeping back up but all along I have been compounding my earnings. With the release of kingdoms we now have something even more interesting..
I am not going to get into tutorials or what not but I am now compunding crypto from different chains and earning CUB at the same time. No wonder CUB is creeping up in price. Defi is an opportunity for passive income the way money in a bank should have been. Of course there are risks and rugpulls, but LEO has proven to be a community full of dedicated personalities who have created trust.
The secret to wisdom and experience is to not repeat the mistakes of the past. Those of us who have been in the crypto sphere for not even a decade never knew how much these chuckee-cheese tokens may be worth. Money can be subjective but the future can change that.
I am seeing the opportunity of the decade even though BTC looks to be in a speculative bubble. However with that being said the truth of the matter is that governments around the world are scrambling to hide true economic crisis in an equally pumped up stock market. Bonds are giving next to no yield, and we know where much of the printed money has gone (stocks and real-estate). Of course flight to safety requires moves to cash, but cash does not stay still forever. Nobody wants to hold on to something with virtually no yield. Gold is not known as a speculative bubble, but rather an anchor of some sort. Global wealth will need to move somewhere, and if it's not currently working where it is we must question where it could / would go! We are early, and we must continue even if the crypto sphere comes after heavy attack. You could cash out your defi earnings, but you probably would be mistaken like me when I was early to the game. There is always a level of risk so I don't give financial advice. I'm just trying to be smarter this time around. It may pay off for years to come.
Also, LEO Community sure does love CUB pamping! If you are new to crypto or LEO you NEED to dip your toes into Cubdefi!
Posted Using LeoFinance Beta