Stake It Until I Make It
We all know how power (amount of tokens you have) plays a major role on Hive and it's communities. The different tokens we have are influence tokens that gives you more control over post payouts and they also allow you to earn curation rewards. The more tokens you have, the more you will earn, as long as you use your daily voting power, a.k.a curate/vote on content. You can obviously use your stake and vote on your own content as well if you want to maximize your rewards that way.
However, I'm here to talk about my own plans for 2022, or the path I've decided to take during 2022 on Hive and its communities. I love LeoFinance.io for instance, which obviously is- or will be my main focus along with Hive itself. So, a few hours ago I actually bought & powered up ~200 LEO.
Those 200 LEO tokens are just a fraction of the LEO I have earned and owned in the past though, but I powered down both Hive and LEO for various reasons. (I have talked about that previously as well).
That being said, 200 LEO is far more than 0 and I truly believe that both Hive and LEO are undervalued at the current prices so there's no better time than right now to acquire some. I have mentioned a couple of weeks back or so that I will start to invest regularly as my long haul goal is to grow my account, but I figured I would do things a bit differently than I first had planned.
You can get 1 LEO for 0.17 HIVE right now on Hive-Engine and I figured that I will start to pick up LEO using my HBD rewards for as long as LEO sits at these very undervalued (but comfortable investing) prices. That's what I did earlier. I bought ~200 LEO on Hive-Engine using my HBD rewards.
This leads to two things, as I already earn Hive Power upon payout, I will automatically grow my Hive account and use the second portion of the rewards for my content, which is HBD, and invest in LEO tokens. By taking this route, I will "give back" and grow my LeoFinance account simultaneously.
I have numbers in mind as well, but I'm just going to simplify things by saying that I aim to grow my LeoFinance account by ~1000 LEO per month, for as long as I truly believe that LEO tokens are undervalued, and until I feel that I have invested enough.
My plans for Hive is different though. I obviously want to grow my account again, but it will be a long and slow process. Especially compared to LEO (and perhaps some other community tokens I might invest in moving forward) at these prices. A rough guesstimation would be to grow my Hive account by ~100 Hive per month at these prices (on top of any potential rewards).
So, in a nutshell, I will stake it until I make it. And I make it whenever I feel satisfied enough to sell and make a profit. Rinse and repeat. However, I aim to earn enough through curation & post rewards so I can invest a fair amount back into Hive and other coins in the future as well.
At the end of the day, my goal is to grow my Hive & LeoFinance accounts by ~1000 LEO and ~100 Hive per month. I am likely to invest in one or two other community tokens as well, but I am still sitting on the fence on that one. I feel very comfortable with those goals and I know that I will be able to reach those goals on a monthly basis. I don't know if I will invest on a monthly or weekly basis or not. Time will tell, but those are my main goals for 2022. To grow my stake and to stake it until I make it.
- I have said it before and I will say it again: