LPUD: Having Two Staking Strategies

in #hive-1679222 years ago

png_20220815_055422_0000.png



It's the Leo Power-up day and it reminds me of how I began building my second layer token. In reality, LEO was the first I've invested in, and when it hit 1$ I never even thought of taking profit and the reason was that Leo's rise to 1$ was spontaneous.

I had bought my 2k Leo about four months before that massive surge and it felt rather strange to think of selling what I had just bought. I was already staked and liked the concept of curation.

I was powering up every day and even with the price at 1$, this was probably because I was still a newbie in the game and my aim was just to grow my stake.


Profit & Growth

In reality, a lot of people think about taking profit without actually growing their stake, while it's easier to make some quick cash and grab, the real profit is in taking the time to grow and planning a profit strategy.

A profit strategy Is always important but not a lot of people think about this and the reason is that some people treat the bull market like it's going to be the last.

Taking profit has to be generally systematic in a way where it wouldn't hurt the system and in a way where you'd have options to buy back.


Buying Back Without A Strategy

It's difficult to buy back without a strategy and this was the reason why I never thought of selling my Leo stake, I had no buyback strategy, I didn't know I could utilize stablecoin as an opportunity to sell and buy back, and since I didn't want to sell without buying back>
.
I still kept on powering up Leo even at 1$. In reality, staking is one personal goal that should be intrinsic and not tied to any monetary incentives especially if you've done your research and there's the potentiality of such a project doing well again in the future.


Screenshot_20220815020913_Chrome01.jpeg


A Case Of Potentiality For Leo

Leo is the flagship project of Leofinance and it redefined the concept of second-layer, because it did so, it created a different aura and took the attention off Hive, it was one of the projects that brought massive attention even before splinterlands took off.

So I personally think that beyond the general incentive to grow one's stake by powering up every month, it's even important for everyone to have a separate plan to grow their stake.

To me, I think Leo is one of those projects that would do well, with the right tweaks here and there and that's why I think I've personally raised my goals, powering up monthly is the Leo's community goal, but powering up twice a week is the goal for me personally.


My Own Strategy

Anyways, I could change my whole tactic to powering up everything once a month, but I like to be accountable to myself by doing always. In a nutshell, it's practical to have a personal staking goal without the regular incentives because these are the staking practices that should eventually help one to grow.

In this power-up, I've decided to power up 100 Leo, and my personal power-up was about 250, making it 350 Leo power up for the month, I think next month I'll likely move closer to 500 LEO.

I like being accountable for the times I could power up, but I mostly pay less attention to the figures because I don't like being limited by a cap. so here you have it guys, keep staking and keep holding, remember to develop a strategy.




Interested in some more of my works?


The Intrinsic Propensity To Spend Money
Poverty: The Unwillingness To Spend?
A Scenic Bathroom Photoshoot
The Importance Of Having A Contingency Money Plan
Translational Value; What Is Your Worth?
Using Crypto As A Means Of Transferring Will

png_20220427_140059_0000.png

Posted Using LeoFinance Beta

Sort:  

Agree, its always important to have goals and a plan. congrats on your obvious success so far.

Posted Using LeoFinance Beta

Thanks, it's been a bliss

Keep building and keep stacking bro, slow and steady win the race

Posted Using LeoFinance Beta

Thanks bro, we keep winning, time will tell

Posted Using LeoFinance Beta

Wondering what kind of quick cash one can get without a substantial stake?

Posted Using LeoFinance Beta

I was wondering too, but mainly building is challenging and not many blokes wants to do it .

Posted Using LeoFinance Beta

Difficult and challenging, but that's where "real" money comes from.

.

Thanks a million, best of luck to you too.

Posted Using LeoFinance Beta

Great Crypto post. We've reshared it.
🙏🔁👍

Thanks for that.

Posted Using LeoFinance Beta

You can just do what you can. There is no need to be fixated on the numbers and I power up 200 because that is what I listed on my own monthly goals.

Posted Using LeoFinance Beta

Well, it's just as I've exactly talked about, I generally think everyone should have their specific power up schedule or strategy

Posted Using LeoFinance Beta

Omo, there are a lot of things I am yet to even understand on this block chain. I just recently started visiting the leofinance frontend. I had to read through some posts to even understand that the leofinance community wasn't just for crypto talks alone. Now again you have come to scatter my head with Leo tokens and powering up. Hey God😪😪😪

There are a lot of things I don't know myself. I think focusing on a niche or a community does that to you. However it's advisable because involving in everything will make it difficult for you to master one thing. However, if this community excites you, then give it time, you'll learn when you put your heart to it.

Posted Using LeoFinance Beta

You have just hit the nail on the head. Let's see how it goes. Thanks for this great advice

You're welcome, go with the flow.

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

I just started building my Leo stake today myself. I see great potential in LEO in the near future.

Congratulations to you, I think Leo would be iconic in the future, I hope so too, because we're all doing the right thing.

Sure thing. To the future of Leo🍻

At least you seem to love the engagement of this community and you plan is to stay here for the long term. Staking is like being a stakeholder, helping and removing the liquidity in the market when you stake your tokens.

Definitely I think I sincerely agree with you, it is not all about the #LPUD alone, staking should be often too, but the #LPUD makes it so fun too on it day

Posted Using LeoFinance Beta

Yeah I can relate to LEO taking the attention off Hive, LEO makes us realize there is more to second layer tokens and worth accumulating.
Happy LPUD bro.

Posted Using LeoFinance Beta

Hahaha, happy LPUD bro, I believe that Leo will definitely kick off, I think, the project itself needs massive attention, when we concentrate on building Leo, there's a lot we can achieve.

Posted Using LeoFinance Beta

I have no doubt LEO will do better, we are doing ourselves a favor for stacking up now.

Posted Using LeoFinance Beta

We're definitely doing ourselves a favor because I think so many people underrate the power of staking and everything they could achieve

Posted Using LeoFinance Beta