I had planned to power up 1000 LEO soon anyways so I figured it might as well be today, since today is the monthly LPUD (leo power up day). I am up to 4000 LEO powered up and while I don't really have a set target of how much LEO I will like to earn before the year runs out, I do hope to power up a few more thousands.
Staking LEO has been a no brainer decision for me, largely because I ask myself what the alternative is? The current price is extremely low even for a major stakeholder, the value isn't so much to write home about. Perhaps if prices were higher I'd be less compelled to hold then, perhaps not. One thing is certain though, and that is that the benefits of staking now far outweigh any potential gains.
It will be somewhat foolish to sell your LEO at this point. My 4000 stake LEO is worth under $300! For a token that was once at par with the dollar then its current situation should not make us lose sight of where we are coming from. More importantly, it shouldn't make us lose sight of where we are potentially headed seeing the general direction of the LEO community.
Another reason why it will be advantageous to stake at this point is all about positioning. LEO is dirt cheap now, and it is easy to amass a lot either by content creation or buying. Should we predict accurately about the future trajectory of the Leofinance community then we can suddenly see ourselves in very advantageous positions as community members should we choose to hold. If not, am sure the World wouldn't end cause I lost $300.
It is the developments and community that make us share perpetual optimism about this project. People who have invested their time and money know the potential the project holds, and are willingly putting their money where their mouth is. Staking is all about believing that your investment will come through long term and leofinance is no different.
Staking for me is an easy way to prove loyalty to a project. There is a reason why some of the top guys (biggest earners, most popular, well respected) on the Hive chain are creators who wield a significant amount of Hive power. This is because their loyalty was tested when Hive was at an all time low and they didn't budge. What happened was they were rewarded both by Hive and the markets.
Conclusion
There are times when certain circumstances can make staking difficult though, and I completely understand that. However, my point is that we shouldn't be so willing to sell our assets for cheap especially when we continually envisage the future.
Posted Using LeoFinance Beta
