Patience, My Young Padawan

in LeoFinance2 months ago

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Wen? Soon. But Wen? Soon. But, seriously, WEN??!
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I follow a couple game devs on discord and about 4 years ago they finally learned their lesson: NO ETA's!!! lol Seriously, the absolutely BEST thing that can happen for Khal and team when they give an ETA is they hit their projection. Everything else is construed as a negative. So there really is no upside whatsoever in giving an ETA. Especially when you could very well be dependent on an outside agency to deliver on time as well, something you have absolutely no control over. I haven't spoken to him but I'm pretty sure that's where Khal is headed.

That said, progress reports are pretty much a necessity. We need to know things are moving in the right direction if he wants us to try and maintain the momentum. It's a team effort when it comes to that. I would expect he'll have one of his famous announcements of announcements in the near future. Wen? No ETA's. lol

All of THAT said, I think we might be a little spoiled. I mean, its been less than a month since Cub came out, right? The audit is now out. #LeoBridge and #ProjectBlank are in the works as well as #CubKingdoms and a governance token. That's a LOT of pieces to fit together. And it's been a month since we got an absolutely MAJOR development in Cub. Days feel like weeks and weeks feel like months in crypto. Especially in a bull market. But, the fact is, it's still early. Cub is still paying gargantuan yields. We've barely scratched the surface of what this can be.

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I get that we all want to know when the next announcement is coming, but if the Leo dev team has shown us anything over the last couple years, it's that they deliver. Hold the course. It will come when it's ready. In the meantime, I'm enjoying me some FAT Cub yields and slowly accumulating at low prices. Remember the Uniswap chart? Here's a reminder in case you forgot....

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You could have bought as much as you wanted for under $4 from the end of September until the end of December. Three full months. I can already hear the people crying, "I should have bought more when it was down."

My advice? Focus on the opportunities we've got in front of us. The rest will come when it comes.

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Thanks for reading. If you like the content, please consider a comment and an upvote. I will happily reciprocate. As always, I'm not a financial advisor and this is NOT financial advice. Cryptocurrencies can and do go up and down and you could lose all your money.

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Wen Project Blank? I want some answers as well but I am slowly losing hope that it comes out anytime soon. I have pushed my horizons for it to come out to May and possibly even later. Considering the fact that we were expecting it in Feb/March, I was expecting a few sentences but we we left with nothing.

I wonder if we will get an answer in the next announcement which I expect to be about LEO-Bridge since it was rumored to be close to completion. But for all we know, it might be in the loop of endless development like Project Blank.

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I would expect there will be some updates but, like I said in the post, I wouldn't expect any ETA's. LeoBridge may not be as easy as it seems. Otherwise, you'd think someone else would already have one. Maybe not but...just my guess.

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Yea the LeoBridge seems tricky money-wise. You need the tokens on both platforms and if prices are the same, then there are no issues since you profit. However in the case that arbitrage exists, they might lose money so I wonder how things will work out.

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Well said... for now it is all about accumulating more cheap cub at these low prices for me. Sweet yields while we wait for the next development.

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That's what I'm doing. I have a feeling we're all going to regret not loading up more than we have. The problem is, hindsight is always 20/20. Time will tell...

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Trying to find to right time to buy/sell a cryptocurrency is often difficult. Do I hold and wait for it to go up, even though it is dropping, or do I sell? I find it a hard decision to choose which cryptocurrency to invest in, there are just so many! Often I go with one, then turn to another, only to find if I had held the earlier one, I would have earnt so much! The best thing with investing in crypto is patience, you can never go wrong there!

Good article overall with good information, but there were some inconsistencies throughout the article, which you take as an improvement!

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Yes, I learned quickly (the hard way, of course) that you can't chase gains. You've got to find projects you like, fill your bags with what you want to risk, and then wait. If you move back and forth chasing things that are already moving, you only cost yourself money. Especially with how high the fees are these days.

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I bought a single Uniswap after they did the airdop. I didn't get any from the airdrop. I need to pick up some more Cub at some point. I am trying to reach some of my other soft goals first. Then I will move some more money into Cub. Hopefully before the price goes up too much.

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Where did uniswap get the $$ to airdrop all that money? And can cub replicate it? How many of us would be diamondpaws with a $2000 USD airdrop.

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No kidding. I would be so happy! I guess we should be happy that we got the CUB claimdrop in the first place!

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Where did uniswap get the $$ to airdrop all that money?

Where most of these coins get it, they created it out of thin air. lol Any new coin/token could do that. Leo could decide to give every Leo holder 1 Million ProjectBlank tokens when it comes out if they wanted to. The problem is, it wouldn't be worth anything. There would be so many coins out there that people wanted to dump that the price would be fractions of a penny. It would take years of development for them to even potentially start to move. It's all about the tokenomics. Scarcity can create more value but if it's too scarce, no one can afford to buy it and many people won't.

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Yes, it's a balancing act here on Hive. There are so many things to choose from that all have potential. And then you throw in the dripcoins like BRO and LBI and there's just so much to try and accumulate. I'm basically looking at adding another chunk of Cub now and then going back to the little ones. I mean, if the Cub takes off, selling little pieces here and there can totally fill my bags full of these other things. Just my strategy right now.

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Sounds like a really good plan. I am pretty heavy in LBI.

Me, too. Seems like a pretty good place to be. Did you read the LBI 40% post? That's pretty amazing!

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Yeah, I did. That is awesome. LBI is one of my soft goals. I want to get to 2500 before the cap gets implemented.

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What is your targeted amount of CUB's you want? Are you investing more capital into CUB or other on chain assets like LEO/HIVE/Other Tokens

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I would like to get to 2500 Cub. I'm getting there. I've been filling my bags with Hive, Leo, and LBI for the last couple months and have basically reached my short-term goals. I plan on growing them organically for a while before I consider adding any more fiat. Unless either or both get really cheap again in which case I would definitely add more. I'm accumulating some of the dripcoins now. I strongly feel that there will be more winners coming out of Hive in the future but I don't know which ones they will be just yet so....I'm trying to add things that pay me lots of different things. That's my strategy for now.

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I am just slowly (well, not so slowly) accumulating CUB... knowing what is around the corner. This is one of those rare gifts that you don't want to squander.

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Totally agree. It really is mirroring Uniswap. The audit is out so the tech is solid. I think it's only a matter of time until more eyeballs start seeing the potential here and it makes a big jump. Hopefully it won't be too soon. I still need to get some more. :-)

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Ya, I have a goal for the amount of CUB to stack before I go out and diversify. It will be a few more months at these rates... so... I need a few more months before this place gets recognition beyond the LEO community. In order for it to moon, the masses need to onboard... JUST NOT YET!

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Well, if it sticks to the Uniswap script you have exactly two. Two more months and then it moons. lol

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If people are utilizing the opportunities the leofinance ecosystem already provides they would be overwhelmed right now. There is a lot to do already from posting, engaging, and farming...it is a handful. I think things need to consolidate at this point while we wait for more announcements. A lot of projects thrive on hype but that cannot sustain anything. Let the team work.

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And also, we need us, the users to consolidate.

If too many things come out too soon, us, the audience, will miss out.

If projectblank and cub were rolled out too close together, I would have totally ignored CUB. I would have let the opportunity fly. Since that was the only project at hand, I was able to let myself use it.

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I totally agree with you. If project blank launches now I probably would be indifferent about it because I have so much going on here on leofinance and hive. Add my other off-chain activities. It is a handful. I am glad the team is taking their time on this one.

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Very good points by both of you. Most of us don't have unlimited funds so if we get too much at once, we have to make a decision on where to invest. This way, we hopefully have time to grow our positions in one thing and then be able to also participate in the next thing when it comes.

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Good points you make. I'm pretty pleased with the fact that Khal still sometimes says that something will likely come in Q1 or Q2 etc.

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Yes, I don't mind the vagueness of those timeframes. I would like to see a progress report of some sort though. Just to let everyone know that things are progressing. Nothing too detailed, just a "Hey, we're excited with where we're at. We've added three more devs..." That sort of thing.

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I like your advice about focusing on what is in front of us.

You don't have to chase profits and opportunities in crypto, you just have to be present and decide which ones to sit with.

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the absolutely BEST thing that can happen for Khal and team when they give an ETA is they hit their projection. Everything else is construed as a negative. So there really is no upside whatsoever in giving an ETA.

100% true. If we all know what's coming and there's a track record and community to rove the strength of the project why bother with the exact dates. I'll just help the FUN and haters and all those negative people who are trying to nitpick things without having any experience in any of these "Building Amazing Crypto".

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Exactly. There is really no upside to making those projections for them. I get that they're probably even MORE excited about what they're doing than we are, but, as I said in the article, if they miss their projection, even if it's through no fault of their own, then the negatives start screaming. Better to let the "date" happen when it happens and surprise people when it comes out. Just my opinion, of course.

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Better to let the "date" happen when it happens and surprise people when it comes out.

The surprise aspect could even help with the hype when it launch out of seemingly nowhere.

I've always been on the ladder of if its worth doing at all, its worth doing well, what is time?

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Very philosophical and very true. Do it right and don't worry about deadlines. Of course, there needs to be some sort of a timeline, but don't skimp on quality just to get something out. I'm not too concerned about that being the case here...

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So @dagger212, it's just another 3 months to the moon launch, yeah?

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If history repeats itself....that's the plan. lol

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Committing to specific dates may be hurtful for quality by people trying to make the deadline at all cost. But why not communicate a rolling roadmap, so that stakeholders know which projects will launch first?

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I agree. Personally, I just think this all started coming together very quickly and they got a little ahead of themselves. I would expect that they'll probably do something like that going forward but want to have something concrete to announce next time they put out an update. Just my gut feeling. We'll see. In the meantime, like I said, I'm just sucking up Cub while I can.

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Good points there. I am really excited about the upcoming projects (especially Project Blank) and it would be great to have some status report on how things are going. Even if there's no ETA, it can be comforting to know that someone is looking into it.

That being said, I think your closing sentence nailed it in the head. We shouldn't build all our strategies based on something with a high level of uncertainty. Instead, we should focus on what we have in our hands now. The rest will come when it comes and we will be even better prepared for it then.

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Yeah, those poor game devs just got killed by the discord people always wanting to know when. It was like having a bunch of kids in your car on a road trip. When are we going to get there? Over and over.

There's plenty for us to be focused on right now. Namely, growing our accounts. I mean, if they announced LeoBridge, ProjectBlank, and the CubKingdoms tomorrow and Leo went to $10 it would be bittersweet for a lot of people. Yay! We're making money, but also a small pit in your stomach because we don't own enough.

By the way, are you on the Leo discord? If you are, dm me. I've got the same username there...

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Hehehe that's always the feeling for me! I always wish I had gotten in Hive/Leo sooner but whenever I feel like that I try to remember that I can't change the past but I can work hard to try and change the future.

I joined the Leo discord recently. I'll shoot you a dm

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Patience is key when it comes to investing.
That‘s why it‘s 90% psychology and 10% „skill“

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Yup. Do your research so you know what you're getting into and then let it do what it's supposed to do.

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Yes, that‘s the way!

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I understand why they wouldn't give ETA for project blank. What I don't understand is why they stopped talking about it.

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I agree. Hopefully we'll find out sooner rather than later. In the meantime, I'm just trying to stay focused on what I can control. Worrying about it does me absolutely no good.

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Voted man

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