Where Will Leofinance Be In 5 Years?

in #hive-1679222 years ago

This is a question I want everything to think hard on for a few moments? Stop reading and consider this.

Is it something you have even thought about?

Sadly, the tendency in cryptocurrency is to think short term. Most people are looking for the next bull market. How many are looking past that? Do you have a vision where things will be a couple of market cycles from now?

This is the difference between short term plays and long term investing. If your time horizon is less than 5 years with anything in cryptocurrency, that is not an investment.

Why do I say this?

Simply because we are so early in the game. We are still building infrastructure. Hence, whatever project is being looked at, it is still in its infancy.

This includes Leofinance.

Even though it is 3 years old, that is nothing. We need to give this some time to mature.

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Leofinance For The Long-Term

Khal has never wavered from his viewpoint about thinking a decade down the road. When you are in your 20s, you can do that. At my point in life, I need things a bit quicker.

Nevertheless, long-term vision is where the real money is made. If you do not believe me, check out the Bloomberg Billionaire Index. Go through the first 20 names or so. It is very easy to equate them with a particular company. The key to their wealth was not a short-term trade. Instead, they stacked a lot of stock and let it grow over the years. Certainly it helped that people like Elon Musk and Warren Buffett were leading the corporations they are associated with.

Yet, when you think about it, to a lesser degree, that is us with Leofinance.

We have to keep in mind that 3 years is not a long time. Where was Tesla 3 year in? What about Facebook? Priceline? Amazon?

The reality is that most large scale success does not happen overnight. When it does, the fall is usually as quick as the rise.

With Leofinance we have the ability to look 60 months down the road.

Do you give it any thought? What does being a Lion look like in early 2028?

Nothing Shorter Than Three Years

The other day, in the post LeoGlossary: The Linking Model And How It All Flows, I discussed how my vision for that project is three years down the road. There are no results really being sought before then.

I took this approach because I know the size of the undertaking we are dealing with. At the same time, there is no reason to approach anything relating to Leofinace short term. It is simply an opportunity for those who have the vision to build and grow.

When we look at something in the near-term, the tendency is to reach goals and get complacent. This can come when building and in the markets. If we reach a certain level of success due to the price appreciation, the move might be to cash in.

What is Musk, Bezos, or Buffett cashed in at $10 billion? They all were set for life.

The answer lies in they weren't driven by the money. To me, LEO at $1 or $10 does not matter. I believe there is enormous upside. However, to get there is going to require a lot of building. Sadly, we need more builders but that is how life goes. Very few are willing to put in the work to achieve high levels of success.

Each day we have people focusing upon certain areas of the Leo ecosystem. Khal and the development team is banging out code. The business development team is looking at putting together projects that help the growth there. LeoThreads has a dedicated bunch who shows up each day and post their asses off.

All of this is feeding into Leofinance. Of course, none of it is going to result in major breakthroughs over the next 30 days. This is a long term process..

So what are your thoughts? Where will Leofinance be in 5 years?

I can tell you where I believe LeoGlossary will be.


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I think LeoFinance will be bigger and it's developing so many things. I want to make sure that I have way more LEO and I believe that it can definitely go up a lot. The long-term view of LeoFinance in 5 years is definitely something that I am optimistic about.

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I agree.

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A lot can happen in 5 years. World currencies could collapse and we could all depend on altcoins to barter.

Or nothing out of the ordinary except for the expected progression of technology could happen and our community becomes outdated.

Leo/Hive needs to adapt as time goes on or risk stagnating like so many other communities recently.

We can Imagine bright days for leofinance because the development is absolutely amazing and users goal should be keep building on leo.

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I totally agree that a long term view is needed.

I am convinced that she will develop a lot and perhaps we will see results even before the age of ten.

The future is unpredictable, but considering all the work that is done in this community... I dare say that the future of this project will be bright.

Certainly there uncertainty. However, we have to keep in mind that we all can influence the direction of things.

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Your posts are always full of wisdom and insight that come from a combination of experience and plenty of knowledge. 😊

If we can collect more individuals who will contribute on a long-term basis, then we'll have a better shot at building up. We also have to attract short-term individuals, as the grand number of users will place Hive on broader radars. It's easy to get lost in the short-term, daily changes we see, as many people live for "the now" rather than for the future. However, as you very well know, the future is being built in "the now."


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Users are very important. However, we have to build things for people to use. That is why I undertook LeoGlossary. There is a lot that can be done with it over the long term.

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We will be well set in 5 years, even if I have some allergy to 5 years plan from the not so happy past under communism.

It will be good, and agree, we need more business builders, but they will come, hope that sooner than later.

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With the current vision and development from the team and community in general, the future of Leofinance in 5 years from now looks bright. Especially on the DeFi side, I see it as building a sustainable business that will continue to bring in revenue while also its value (i.e LEO) appreciating over time. The social side is also looking very good as users will be able to interact in many sort of ways catering to different types of audiences.

Ah you touched upon the topic of my next article about it.

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LEO is multidimensional.

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More info why you see this.

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I think in 5 years LeoFinance will be in a better position than it is today, I think it will be a fully established platform that will be in the midst of exponential growth. The truth is that I also think that there is a lack of authors for this to speed up, but it will come as the platform becomes more popular and important in the world of finance. I also agree with you that this is a long-term race, and that's how we need to see it and focus on it. All the best.

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I've always been very optimistic about Leofinance. I think anyone interested in crypto market should be on leofinance and threads. That's why I think it will be one of the top brands in the crypto market in 5 years.

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It does align well.

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Believe me, I know Hive and Leofinance aren´t a project one has to think the short term of and because of this, we need to see it beyond just existing for a while and closing up.

A project takes a long time to actualise its real aim and one has to be patient and endure while working each day.

Every time, I sit and think about Hive generally and knowing where I would be in the next five years is something I count as an opportunity to stack as much as I can today because of the future.

Seeing the token $LEO today gives me the assurance and possibility that it will grow massively in some years to come... Not 2, 3, 4 years but might take longer. As long as the blockchain is here, I am here also because I consider it a big opportunity.

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The idea of LEO in five years is exciting.

Makes me want to make sure I have more than 6000 tokens.

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Stacking your favorite projects is never a bad idea.

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I completely agree with your perspective on the importance of having a long-term vision in investing, particularly with Leofinance. The successes of visionary leaders like Elon Musk, Warren Buffett, and Jeff Bezos serve as great examples of the potential rewards of patient, sustained growth over time. The Leo ecosystem is a prime example of this type of growth opportunity, with dedicated individuals working hard to build and improve the platform every day.

I also appreciate your emphasis on the importance of avoiding short-term thinking and complacency. The journey to success is never a quick one, and reaching certain milestones is just the beginning of what can be accomplished. It's important to keep building and pushing forward, even if it means putting in the hard work that others may not be willing to do.

In 5 years, I believe that Leofinance will be an established player in the decentralized finance space, with a thriving community of users and a robust suite of products and services. LeoGlossary, in particular, will likely have made great strides in its goal of connecting users with the information and resources they need to grow and succeed. Looking forward to seeing the continued growth and success of the Leo ecosystem.

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