My Journey
I came to Steem after a year in the cryptocurrency jungle. I was wandering amongst the many altcoins, trying to determine value, and invest wisely.
Facial expression of deep thought, and encouraging music.
Determining Value: separating the wheat from the chafe.
I tried to learn how to value cryptocurrency tokens, and pick winners amongst the hundreds, and later thousands of cryptocurrency token projects. All promised the moon; utility, development, innovation and eventually high prices. But few delivered, and many, many token projects died, and took my money with them.
Sigh. Sad Music playing.
It was truly the school of hard knocks, trial by fire, and both the agony of defeat, and the sheer joy of occaisional successes.
A Revealation: the determinants of value.
I found Steem, then SteemLeo, then Hive and then Leo tokens, then SPS, and then SPK.
One day, I don't know when. I began to understand token value; and the importance of token project leadership, community loyalty, token development, token utility and the huge determinant of price ATTENTION.
It is Hive, Leo, SPS and SPK tokens possesion of these value determinants that makes me value them so highly, in a bear market where price suggests that investors value them so lowly.
But remember, price is what you pay, value is what you get. I am still buying and accumulating the tokens which pocess these determinants of value, because I have been here for many long years, and watched famous coins flame out and die, while not so famous coins are still here.
I have watched prices rise and fall, seen them ebb and flow. Watched people accumulate hundreds, thousands and then hundreds of thousands of coins which turned out to be worthless.
In my opinion, those coins never had utility, their leadership wasn't steadfast, their communities weren't loyal, and the coin project goals were never met.
But these coins are different.
Hive, Leo, SPS, and SPK look different to me.
- I see value in their communities.
- I see value in their leadership.
- I see value in their utility.
- I see value in their development.
- I see value in their uncanny resemblance to other coin projects that went on to great success.
My decision, my educated guess and my gamble.
So I weigh the pros and cons, and decide what to do with my money.
I decide what risks I am willing to take, and I decide what I outcomes, good or bad, I am willing to except.
This is my journey, my story, my decisions, my reasoning.
I may be completely wrong, and then I will accept the consequences for I alone chose this path, and I alone am responsible.
Last words
- We all calculate the probabilities of success and failure based on the best information we have and our own judgement.
- So today I quote
:"Best of probabilities to you."
About 
Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance for over four years.
He is also a project builder, with two current projects:
- No Loss lottery, a prize linked savings account here on Hive, which awards more the 100 Leo in prizes weekly, and which recent surpassed 5000 tickets sold.
- Easy DeFi, which provides decentralized finance as a service: a two step process for investment into decentralized finance, which allows investors to bypass the complexity of the usual 10-12 step processes which are necessary to invest in decentralized finance. EasyDefi features investment pools on Cubfinance on the Binance Smart Chain blockchain, or PolyCub on Polygon. Pool members can invest Leo, Hive, HBD or SPS. Learn more here
.
Leofinance, where you can blog or share financial topic content to earn cryptocurrency, as part of a passionate social media community.
Learn more about Leofinance
- You can read my Seven Minute Quick overview and QuickStart Earning Guide.
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Other posts about Leofinance
@shortsegments/what-is-a-good-model-for-tokenized-financial-social-media-on-a-blockchain-leofinance
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Our mission is to put Web3 in the palm of your hands.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
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LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io