Why I Just Bought My Way to 100k LeoPower.
A couple months ago I wrote a goals post for 2023. One of those goals was to reach 100k in LeoPower by the end of the year. Considering I only had about 65k at the time, that was over a 50% jump so I thought that was a pretty good goal. Well, today I hit that 100k.
I've been buying it over the last couple months for a couple reasons. First, it's cheap. At 5 cents it doesn't take a lot of dollars to buy significant amounts. Second, the new UI is really, really good. It's fast, sleek, easy to use, and works like Twitter. With it's recent release, the future looks very bright.
When it comes to investing, I kind of have a weird little thing in the back of my mind. I figure out what I think I need to own to make $1M. Take Bitcoin, for example. I figure I'd like to own four full Bitcoin. I'm nowhere close at this point, but that's my goal. I feel like $250k is a number that it will reach at some point so four BTC would be $1M. Personally, I think it's going to go much higher than that someday, but that's the number I'm looking at for now.
Same thing for Hive. I really believe at some point Hive will go to $20, so owning 50k of that will get me to the $1M mark. Realistically, I think that if Hive ever breaks into the mainstream and hit's $20, it will probably go a LOT higher than that. But again, that's a good number for me to focus on.
Which brings me to LeoFinance. 100k LEO would mean that at $10 it would be worth $1M. Is that realistic? I certainly think so. It may not happen overnight, but I definitely think it's possible. The biggest reason for that belief really boils down to one thing: @Khal & Company.
I've been involved in Leo for the last two years now and over that timeframe there is one thing that has stood out more than anything else. The team keeps building. Sure, there have been a few swings and misses, but that has never stopped them from continuing to innovate and improve upon what they have. Take CUB, for example. Many of us jumped in with both feet when they built a defi platform for Leo and Hive. It obviously hasn't worked out the greatest considering the token is now just below 2 cents. But that hasn't stopped them from continuing to build and find a way to make it work.
In fact, they tried again with PolyCub. Another swing and miss. There were some interesting mechanics involved and a new way of looking at things, but again, it didn't work. But rather than burying their heads in the sand and hiding from the community, these "failures" have just inspired them to work even harder. Plus, the one thing you can't teach is experience. Unfortunately, as I'm sure all of us have experienced, the best lessons in life are almost always learned the hard way. That said, this is where you gain the experience necessary to make the next venture succeed. Oftentimes learning what doesn't work is just as important as figuring out what does.
Take #ProjectBlank, for example. Two years ago this was going to be a separate platform with a separate token and would supposedly feed into the LeoFinance umbrella. Upon further review, the team decided to scrap that idea and integrate everything into one interface in LeoFinance. Not only did they switch directions, but they had to start over and rebuild almost everything from scratch. They did this because they knew the original vision wasn't likely to benefit the existing LeoFinance community, other than through some sort of airdrop. The value was going to stay in ProjectBlank and then there would have been two tokens, neither doing everything, and both would probably suffer because of it.
So, because of their experience, because of their past misses, because of the lessons learned by doing, they started from the beginning and built the new UI for LeoFinance. It's taken two long years but in my opinion, the framework they've built has been worth the wait. There are still many bugs and many features that haven't been implemented yet, but the overall feel and framework of the interface is awesome, and with that have come the users.
Khal put out a post a few hours ago talking about how LeoFinance has more than doubled its Monthly Active Users (MAUs) in just the two weeks since it's been "launched". They've managed to gather over 15 Hive communities into the fold, enticing them to use Threads for their own engagement purposes. And the transaction numbers have taken a huge jump because of it. But while all of this is great, the item I found most intriguing came towards the end of his post.
With that, we've rebuilt our entire LeoAds program on the new UI. LeoAds has:
- More ad partners
- Better CPM numbers
- More efficient placements
- 100% uptime
In other words, the increase in MAUs and the LeoAds rebuild will add a LOT more value to LeoFinance as a whole. Once this gets added into the interface (#VerySoon), they are going to:
resume the LeoAds program where LEO autonomously is bought back and burned by a smart contract.
The result of doing this is something that @khal describes this way:
I have a feeling that everyone is in for a massive surprise when they see the impact of 2x'ing our userbase + the incorporation of threads + new ad partners paying us higher CPM + more efficient placements.
THIS is why I just bought my way up to 100k Leo. The numbers at these levels are almost silly. Here is what I found when I dug around a little in regards to the LEO tokens.
This is the trading volume I found on LeoDex and bLeo. wLeo had $0. I'm not sure where to find the volume for the LPs, which is what I used to buy mine, but the number of dollars being traded are very small. If the dollars that are going to be generated from the new LeoAds are as significant as @khal thinks they're going to be, that means the amount of buying that will come in each month is going to be much higher than it is right now. And this is just with 1000 MAUs. Their goal is to grow that 5x from here by the end of the year to 5000 MAUs. If they continue to add the features they say are coming (polls, video, tags, streamlined onboarding, etc) then I see no reason that goal can't be achieved. In fact, I think they'll blow it out of the water. Once we see how much of an impact the ad revenue can make with a simple 1000 MAUs, I think it will become obvious very quickly how much potential upside there can be with five or ten times that number. It starts to climb very quickly.
To sum it all up, the reason I bought my way up to 100k Leo is simple. I'm betting on the team. Khal has continued to build despite whatever roadblocks, self-inflicted or not, have gotten in his way. He's put his money where his mouth is and has never shied away from criticism, instead facing it head-on and redoubling his efforts. Early stage investing is all about the people and I'm a believer in the team behind LeoFinance. In my mind, the time is now to make sure I have my core position. If these ad revenues kick in, I see no reason why the price of the token can't at least double from here to 10 cents. And if the numbers keep climbing, so too should the token price. Why pay double or triple in a couple months for something I'm planning on owning anyway?
There's a reason why the price is 5 cents, don't get me wrong. Nothing is done yet. But the potential I see grows almost daily leading me to believe that buying sooner is better than buying later. Make your own decisions. I'm not a financial advisor. This is just what I'm doing and why.
Hive is the Way.
LeoFinance, the Gateway.
Posted Using LeoFinance Beta
You made a smart investment decision
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I just recently put in some Leo too. Not even a drop in the bucket compared to you. I'm really excited about the changes and I will slowly build up my accounts over time. I appreciate the positive outlook because the future does look bright.
Wow - that is quite an impressive stack of LEO - and I hope you are right onj the growth projection. I've you are, it will be lambos all round !!!!
Best of luck !!!
That's a really great achievement. So far I have staked 530 Leo tokens, and have over 150 that I have bought recently. I think with the new UI and features, it's definitely undervalued !
Holy smokes - your goals are so much higher than mine. I have shifted towards getting 1000 HBD this year, the price movements in HIVE has me happy with just stacking from posts.
100k LP, 50k HP, and 4 full BTC... .and I was sitting here hoping for 10k HP next year. 5k LP this year and undecided on next year. BTC - lol I was just thinking how unlikely it will be if I ever become a whole coiner. I would need to massively shift focus to even have a chance!
Congrats, I hope you exceed all your goals! !LUV !PIZZA
Posted Using LeoFinance Beta
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Yeah, I have HBD goals as well, but in my mind, I want to be buying the tokens while they're low and then hopefully I'll be able to convert some of them into HBD later in the year once the prices go up. For example, if I spend $500 on LEO I can get roughly 10k. If LEO goes up to 20 cents later this year, then I could sell 5k for 1000 HBD and still have 5k LEO left. It sounds good in theory I know. Hopefully the MAUs keep climbing and the token price follows suit.
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Damn that's a lot of ass kissing in one post. You're gonna make Khal's head so big it won't fit on the blockchain..
Nice buy though. 👌
Posted Using LeoFinance Beta
Facts are facts. The guy just keeps building. I'm betting that he's learning at the same time and as all these different projects around Hive start to mature, he'll have the knowledge to really leverage a lot of good ideas. Time will tell. In the meantime, even a moderately successful rollout of the production UI and streamlined onboarding should be enough to get the token moving the right direction I would think. I don't feel like I'm taking a huge gamble buying this at 5 cents.
I don't feel like I'm taking a huge gamble buying this at 5 cents.
Me neither. I'm just bustin' yer balls
Wow its very big amount you want to invest and its very positive and good step as well, wishing you very good luck for your goal. 👍
💪😊🤤 first, congrats on already reaching your goal for LEO! I am quite envious.. :P
and yea, i think u got some realistic expectation for future prices.
right, just keep at it and make it work!
What a boss.
Now you know if you get to 200K, you only need LEO to hit $5...
Posted Using LeoFinance Beta
If I had a spare 5 grand laying around I might actually do that. lol As it is, Splinterlands has tapped me out. Maybe when land comes out and prices hopefully go up I'll look at moving some more over. In the meantime, like I said, my goal was 100k by the end of the year. I'm content with this number for a while. Back to working on my Hive stake. Gotta get to Orca....getting closer.
(Emphasis in original)
This is why failure is an important part of the learning process. It helps with the process of elimination when it comes to selecting options. The sooner we learn what doesn't work, the sooner we can move toward what succeeds.
Posted Using LeoFinance Beta
I agree. The Leo team has learned a lot over the last three years especially. I was pretty encouraged by the CTT that Khal joined. It seems like there could be some pretty incredible collaborations in the months ahead that will benefit all parties, including us token holders.
I think that is a solid decision. LeoFinance is developing and was the liquidity in those pools bad? I thought the CUB and PolyCUB pools had decent liquidity.
Posted Using LeoFinance Beta
It wasn't terrible. The pLEO I used I actually swapped out of MATIC.
Congrats on getting to the 100k mark! To be honest, I was upset at LEO for a long time. I lost a lot of money on CUB. And it seems like a lot of stuff has been mismanaged due in part because Khal has surrounded himself with yes men who never challenge him.
That said, Threads has impressed me enough that I'm warming to Leo. There is such huge potential for Threads to help boost Hive's popularity.
I'm not going to change my goals here. 90% of everything I make is going into HP this year to try to get that up to where it should be after 5.5 years here—at least 25k by xmas I hope. And the other 10% into PIMP/BRO/LGN. But I am warming back up to Leo.
Yeah, I get it. Both CUB and PolyCub have not been good to say the least. I still think there's hope though. If they can get LEO on track then I think the others have a chance at coming back. But, as I said above, there are reasons these things are trading where they are. At this point, that's all they're worth. In the meantime, the encouraging part to me is that both CUB and now LEO especially have some revenue streams that can feed back into the token. If Threads breaks out into bigger numbers, that will finally create some support for the token. I will be interested to find out what kind of numbers they're talking about. If my math is right, it will take roughly $40k a month to buy every newly minted LEO at 5 cents. That would support the price here without any outside buying and assuming everyone who received that LEO through curation and posting actually sold it. If people hold or actually buy it, then that number probably supports a 10 cent price. Which is why I just bought it all now instead of building it throughout the year. I think the numbers should at least support a double from this price. After that, we'll have to see what Threads does. If it keeps growing and builds the MAUs to 10k, 20k, 50k....then the numbers start to really look good. It's a gamble but...I think a good one.