Financial Goals 2021

in LeoFinance4 years ago

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@theycallmedan is encouraging people to share their financial goals for 2021. If you haven't read the post, I recommend checking it out here.

He presented the following questions:

  • Which is going to be your investment strategy for 2021?
  • Do you have any specific assets that you want to invest in?
  • Preferred Investment? Crypto, Real State, Commodities, Stocks?
  • Do you have a plan or a set of goals on how to use and grow your stake?

Which is going to be your investment strategy for 2021?

As usual, my main strategy is to increase my Bitcoin holdings. I want to spend more time looking at additional opportunities. Since I joined Steem, I have had tunnel vision and haven't taken advantage as many opportunities as I would have liked to. I started participating in DeFi in 2020, and want to find new projects that have a lot of potential.

Do you have any specific assets that you want to invest in?

I have no precious metals and have been looking into picking up some silver and/or palladium. I have been watching silver prices and they have dipped in the last few months from $27 to $24 and now back up to $27.

As a layman in precious metals, my gut is telling me palladium has the most potential right now just looking over the charts, but everyone raves about silver.

Preferred Investment? Crypto, Real Estate, Commodities, Stocks?

I used to prefer day trading stocks, but Crypto is my real preference these days. I haven't really looked at anything else in four years.

Do you have a plan or a set of goals on how to use and grow your stake?

Nothing outside of the usual. I post on most days, and I am always curating users who I feel a producing good content or putting effort in.

Share your prediction for the price of Hive and LEO in 2021

At this rate, unless something changes I think Hive will stay around $0.08-$0.15. We desperately need good marketing and take advantage of opportunities for exposure. There has been some talk about this, but nothing has been started at this point. The amount of Hive being withdrawn to exchange has doubled recently. I also see a lot of funding coming from the proposal system dumped on the market for projects I don't believe bring the same amount of value to hive. This has retarded the price of Hive even when Bitcoin is taking off.

I think @blocktrades project that may introduce tokens and smart contracts has a good potential to grow Hive if we can get a few large projects to use Hive. Even just one or two good projects can triple the price and userbase overnight. Not sure we would see the fruits of this in 2021 though.

I think Leo will continue to do well due to the impressive amount of innovation @khaleelkazi is doing with the project and the amount of support from the community. Before you can digest one improvement, there is another one coming out not long after. I do think Leo needs to have more people buying from outside of the Leo community to help support the price, but each new improvement drives the price higher. I suspect we will see around $0.50-$0.75 Leo at some point in 2021, but will need new investors to sustain it.

Honestly, I would have loved to see the same energy LeoFinance has had for the last 6 months for Hive.

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We desperately need good marketing and take advantage of opportunities for exposure. There has been some talk about this, but nothing has been started at this point.

I have been raising the same for quite some time, we seriously need some professional marketing.

Not sure we would see the fruits of this in 2021 though.

If we cannot sell ourselves in 2021, then it will be hard to expect future growth. We have probably the best blockchain ready to be used by dapps - and if we still cannot sell, then we probably cannot sell it ever.

I have been raising the same for quite some time, we seriously need some professional marketing.

It has been brought up a lot, and it's never the right time but time is ticking by.

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I think Hive will stay around $0.08-$0.15

And I thought I was negative.

I try not to be negative or positive, I just say it as it is.

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It is honest thought. I don't think it as negative . We gotto find flaws and improve on them .

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I surely do hope the best for Hive. Yeah, leo will definitely increase in value no doubt about that.

When you talk about marketing strategy, that means advertising Hive out to more people. That may also bring more people who might want to sell more Hive bringing the value down more a bit. Just saying.

When you talk about marketing strategy, that means advertising Hive out to more people

Advertising is part of marketing. Marketing is not solely advertising.

The broken economics need to be addressed with more than just reducing inflation. It's part of it.

Honestly, I would have loved to see the same energy LeoFinance has had for the last 6 months for Hive

This is true. I keep on commenting now and then about linear curation rewards. I think it will be a game changer for Hive .

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I have been stacking physical silver and in 2021, I want to explore various precious metals for investment. For me, gold is still an expensive entry hence, I go with silver. It is the first time I heard about palladium and it's homework for me to check on that.

I have been wanting to get into some precious metals myself. I have found a couple of good resources from some of the groups here on Hive. I haven't pulled the trigger on any of them though. Some of those silver cast bars are really awesome looking.

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I've been looking lately, still haven't committed, but I am thinking about it.

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Even for the smaller pieces and weights, the cost of entry is still a little higher than I am comfortable with. Maybe if I get some alt gains here in the future...

I'm mostly considering 10oz Bars, I don't want to deal with lots of 1oz coins. Although I might pick up a few specific ones, like I want the Bitcoin one, but it is sold out in most places.

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Yeah, the 10 oz bars seem like a good way to go, but then you have the bigger upfront cost. I understand why people just go with the coins if they are just looking to dip their toes in the water.

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I'll admit I haven't spent the time to really learn more about Hive. After the whole steemit thing I left and I feel like a lot of people did. However being back I've been learning some. I guess my main concern is who is behind Hive and are there goals and updates around the project I can subscribe to?

As for marketing that is something I specialize in and have thought about going head first into. However it's more on the LEO side with HIVE as a backup for trading HIVE to LEO.

Thank you very much for sharing information, have a good day

damn i predicted hive and leo reaching 1$ while i kept on watching other posts saying 3-5-10! and i thought mine was the lowest prediction, but you beat me to it :P

I totally agree regarding the marketing though

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Planing to better live in life is very good thing. but Life is God's will we dont knew where we are in next Moments

Remmember the Last moments of your life when you will ready to leave this Planet

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Hive price prediction hurts to see but it is what it is. We need to find a way to incentivise staking/discourage dumping in the market somehow.

Alternatively, we can collaborate with other projects like how Threespeak want to collaborate with Ark blockchain for something that I saw on Twitter but can't remember.

Shilling on Twitter is good and all but one reason why Leo has been so productive is because it has one voice, one main account, lots of cheerleaders, and majority shareholders are strong hands. How can we get a similar setup with Hive?

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I just think the focus should not be on marketing of the Hive blockchain but rather on the functionality and promotion of the different dApp(s).
Since the start of facebook I've never heard anyone talk about what it is powered by.

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Hello,
Mark Wahlberg I didn't know you are on hive. How u've been?

Just trying to be funky.

I think your right going after ten-ounce bars, the premiums are lower and they are easy to count, lol. I like the Canadian Maple leaf coins because they are .999 purity and still have a lower premium. (Eagles are .995 purity)

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Very short and precise post. I think they are achievable.
I wish you great success in all you do. I think I canshould add precious metals to my portfolio.

I will like to ask where I can get precious metal? or how do you intend to get it?

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Silver has the history, but I bet palladium spikes as well anyway.

Keep stacking the sats and poking the bears and we might see progress yet on HIVE!

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I think @lordbutterfly will introduce a marketing proposal soon enough. If it's legit(which I assume it is) and doesn't get voted in, then we don't deserve to rise.

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Lol, Lordbutterfly.

Yes Marky?

Just laughing someone takes you seriously and thinks you offer more than being a troll.

Well, we shall see. Wont we.

For many, hive is the cow that gives milk and they forget to feed it, that at the end of the story will take its toll.

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I feel a connection between your goals and mine but I feel your analysis about the price of hive might have been a little bit of the chart (I am no expert).

With the level of exposure the crypto currencies industry is getting, hive is a name that will pick up in no time.

I think Leo price will also help drive the price of hive

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I can only agree with you on the HIVE and LEO story. And as far as investments go ... I only wish I didn't have to take it out every time again to pay for costs of living. So my first main goal is to increase the monthly level that I can build crypto for holdings instead of build crypto for a living.

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And your support of my posts hasn't gone unnoticed - really appreciate it mate.

I know what you mean by tunnel vision. I literally don't see anything else but HIVE and wider crypto these days. It's actually very satisfying telling my very sceptical father how much I've made from BTC this week.

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I hope that many projects will come to Hive to increase their value, from my position I hope to collaborate in @hivecreators, and continue to contribute with the creation of content.

Thanks for sharing your goals, reading your post was a good experience.

Happy New Year!

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