LBI - Building the foundations with LeoPower

in LeoFinance6 months ago

Authored by @silverstackeruk

Hello, LBIer's. I see lots of questions in the comments from token holders asking when will LBI will invest into this are that or when will we start a gaming team? I understand its fun and exciting because its new but LBIs model is far from fun and exciting. It's repetitive, sometimes boring and slow in the same way a beautiful oil painting is made up of thousands of perfectly placed brush strokes. Each stroke placed with reason and meaning.

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Believe me when I say this, I would love nothing more than to convert 500 LEO into HIVE to give it to someone to start us building a dCity, I've love to hold back earnings for a few weeks and dump 2500 LEO into the wLEO LP to starting building that up are just buy some ETH are RUNE to HODL. I share the enthusiasm of the token holders, I wanna start getting into everything but the timing is not right and LBI is there yet. It's only been 7-8 weeks from launch and powering up earnings is still very much to main focus until each LBI is backed by at least 1.10 LEO. Not only will this increase our curation earnings by 10%, but it also ensures LBI can never fall under a value of 1.10 LEO. When we introduce off-platform investments, we introduce volatility to the LBI token price and building a strong foundation is essential, boring but required. We can't take our eyes on the prize and have to blank out everything else that is happening, the distractions where most others fail.

With that said, we are planning at the start of Feb to start holding back some earnings to get involved with the wLEO LP. The goal is a small investment worth around 1% of total assets. I think if earnings are split 50/50, with 50% being powered up and 50% being held back for wLEO LP investment, we can achieve this by the end of February. This will bring us into the start of March so you can see that things move slowly but at least by then we will have dipped our toes outside of LEO. Also during this time we should add around 2000 more LEO to our staked balance.

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People are still asking about Leo miners as well and the case with them is they are very expensive at the minute in terms of ROI so it's more of a timing thing and not so much, invest when we want. I have answered this 2-3 times before but the short answer is I look at Leo miners valued in LEO, not HIVE. Rewards are in LEO so valuing them in LEO makes sense to me as we would be converting LEO to HIVE to buy them. I have worked out roughly it takes roughly 2 years to get the investment back if bought at 3 LEO. Today's price of 16 HIVE is roughly 4.5 LEO and would take 3 years to get the investment back. If LEO curation pays 30% per year and we can hold LeoPower instead of HE tokens to earn 33% as you would with miners, which is better?

As for what comes after we get into the wLEO LP at the end of Feb, we will have to wait and see what happens. We can plan everything out perfectly and something will happen in crypto take makes us change our plans. I would assume we will look into funding some gaming in March but Mirco-blogging could take focus away from that, are running an LEO node could be top of the list. I would guess March, we will be looking to get into gaming somehow but things might change those plans. Taking on 1 thing at a time is boring and slow but sometimes it's better to throw 100% at 1 thing for 1 month and then move onto something else compared to trying to balance a few things at once. This is because you will learn much about each investment. If you do 5 investments at once, you will focus on 1 or 2 you find most interesting and miss out on key information about the others.

LBI sure has picked an interesting time to launch with both the coming airdrops.

One thing I have learned from the past is to make simple plans and stick to them. Many people are bad investors and make discussions because they maybe think they have some information others dont have, they try too many things at once and cant track it all, they just straight-up FOMO invest with the hope of finding a unicorn that will 500x, they become attached to an investment are they trick themselves into thinking more is better and invest into a token based on how many tokens they get. Eg, 0.1 BTC vs 1,000,000 magic bean shitcoins. People will always take more at a cheaper price thinking their profits could be greater. And of course lastly, the classic, your friend invested heavy into it. All traps people fall into repeatedly. Im guilty of a few but not repeatedly, I call them the cost of education.

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By sticking to some basic rules, most people could avoid these pitfalls but most people are not very disciplined in asset management and hearts rule heads. Hey, we all know the odds of winning the lotto are in the hundreds of millions, but millions of people still waste money playing it every week because you need to play to win. You would save more money by not playing and getting your kicks else were, like stable earnings and growth. Maybe im a nerd and numbers give me to much of a boner but a lot of us here on LeoFinance are nerds and geeks. Being disciplined is boring and actions can sometimes be misinterpreted as bad moves but the results when done correctly can be extremely consistent which is fun and less stressful.

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LBI is not in a rush to get into everything heavy just yet, we need to continue to increase the LeoPower balance that is increasing our weekly earnings from Leo curation rewards which are our bread and butter earnings. We dont have anywhere near FU money yet so increasing LP balance is still the top priority.

Lastly - LBI Governance
On a final note, I thought I would point out that we have received 0 nominations from token holders putting themselves forward for the governance team. I see a lot of people saying they are interested to see who will step up but nobody is stepping up. There's still a few days left but the hope of getting 3 people are looking very slim. Anyways, you can see the post at the @lbi-gov account. We'll see what happens over the next few days and then will be that I guess.

Anyways, thank you for reading through today's post. It might be a little mixed up as I wrote it over 2 sessions in between other things. I thought I would release a post to try and explain that we are aware that other investments out there but things are slow and a foundation of bricks is better than straw. They dont call it a grind for nothing.

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Thanks for this post! Boring investments are good, the more boring it gets, the better the results are for the patient ones are. Stick to the plan and grow the LBI to 1.10 LEO. No FOMO! :)

Will submit also a proposal this weekend!

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For sure, boring is the new exciting, lol.

A lot easier managed as well, thanks for dropping some feedback.

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Slow and steady wins the race. We are not here to get rich quickly or go bust. It never hurts to diversify into a good sound investment so I do not mind investing in the WLeo pool.

Shame for the 0 nominations but I don't think I am a good fit for the governance team.

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I will write a post sometime about SPI and show it's history a little bit to give LBI an idea if were we were headed.

Thanks for checking out the post and leaving some feedback.

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Damn 0 nomination... that's a shame (me included indeed).
I'm talking for myself but could be the case for others.
This could be intimidating to be honest, maybe a gov post to explain again the responsibilities and duties in a light way could help :)

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Yes, i can see how someone could be intimidated

Same happened with SPI. Everyone wants governance but nobody wants to do to it.

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Taking on 1 thing at a time is boring and slow but sometimes it's better

While investing into LBI, I did not expect to see any flash earning/income or something and I do not think that anyone is in such an expectation. Earning something or creating real value require adequate time and effort. As far as I'm concerned, I'm gladly watching the hard working team. I wish I had time for further support as you mentioned...
Thank you for your pricless efforts 😌

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Thats good to know and 80% of other token holders are like you but some people think we should be involved with 4-5 investments already.

Thanks for checking and reading the post.

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Im guilty of a few but not repeatedly, I call them the cost of education.

I'd say paying the tuition fee.

By sticking to some basic rules, most people could avoid these pitfalls but most people are not very disciplined in asset management and hearts rule heads.

Greed is powerful.

I agree with you on concentrating on one thing and doing it well. This is an investment project, not a get rich quickly plan. I'm not worried at all. there will be airdrops and not just the one we already know. Great opportunities will arise for us.

Thanks for your effort, it is greatly appreciated.

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I had actually written a line about greed just after the part you have snipped and deleted it off so seeing you comment on it with "Greed is powerful" made me lol asi should have kept the line.

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Well, greed is part of human nature, so ....

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I for one think things are going great! Slow and steady growth is why I invested in SPI and now LBI. They are here to help me balance out FOMO mistakes I make on my own. :)

Sorry to hear about the lack of nominees for the governance team. I don't have the experience or the temperament and desire to do something like that any more.

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You're an OG and understand the SPI/LBI game. Nothing int he above post should be news for you my friend

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Being disciplined can be boring, you're right but it's better than taking risks that are not back by any form not logic. Crypto is backed by logic the people who make crypto decisions are the one that makes its an overly risky venture. It all lies with a good decision making.

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BTC market has been growing for the past 11-12 years, dont need to take any risk :)

It's beautiful :)

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I think most of us are hustling now to power up as much Leo as we can

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Yea, I people selling off unused HE tokens to buy more LEO.

It's funny to watch people scramble over an airdrop that is not connected to LeoFinance assuming microblogging comes with its own branding. Im more interested in the LEO gov token airdrop.

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This makes a ton of sense. I am always shocked at how much people underestimate the power of curation. I think because most of us have smaller accounts, you don't really see how it can add up as your account grows. When I am talking to people about Hive I always like to show them a big account where the person has a lot of HP that they use for curation and keep rolling that back into their account. I think you are making the right move by focusing on curation to grow the account right now and not branching off yet into other things. We want a stable base before we start exploring other avenues. I wrote a post today about how I am on the fence about nominating myself. I see one person has come forward now. That is encouraging.

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That is true about the size of accounts. I've been on STEEM/HIVE over 4 years now and forget what it like to have a small 1-2k HP wallet. That's a good point.

I've just woke up and not seen they nomination yet, i'll go and check that out, thanks for the heads up.

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Yeah, even at about 20k HP after three years I am still in awe of the large accounts that pull in hundreds of hive per day. No problem on the nomination, I am hoping you folks can pull together a really great team.

I also hear that voice in my head that says "power up more LEO".

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lol,

All good if thats what the voices are telling you, nothing to worry about. lol

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Even though it is sometimes boring, being disciplined is better than paying for the impulses of wrong decisions.

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Absolutely 100% correct.

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Being disciplined is everything. It helps one avoid irrational moves. Sticking to the plan will help LBI become a success like SPI. Slow and steady.

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Damn right!!!

You get it

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WOW, awesome things coming.

We just got our housing/apartment help so we won't be homeless much longer - WHOOPEE !!!

Once we get moved (will take about a week or so) and get settled in I will nominate myself for a gaming position

I know we need a splinterlands deck for sure LOL (I have an unopened alpha starter pack to donate to the cause)

Well, everybody keep up the good work - if there are no nominees for governance I will think about if I could handle that after we get settled.

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Sounds all good, enjoy moving into your new home my friend.

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i think there is one nomination only?

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I'll need to go and check it out, it must be fresh

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Everything is excellent, I continue to turn on all the Leo I receive, for the moment I am concentrating on placing my account with a vote greater than or equal to 1Leo.

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Thats a good gaol. 1 LEO upvote is pretty big :)

Dont forget to share, hahaha.

Thanks for stopping by and checking out the post.

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That is my goal, and I am also looking for a delegation to help me achieve it.

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I am again raising my bet ...

For health reasons of my sister I had to sell 90 LBI, it is not because I do not believe in this project. If not out of necessity I go to Venezuela with my daughter, we needed money for food and expenses ...

But yesterday I made my new acquisition 17 LBI, to increase little by little, to reach 170 again ... Increase it more and more ...

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I have no clue what the governance role is and will put my hand up if needed. Just give us some ideas as I have no clue what I would be putting my hand up for. I want to do the best by the community and until I know what is expected I would rather keep quiet.

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I did buy a small amount of miners. ROI wise it seems a simple power up and curate works better. I assume you are planning to curate with ________ too. It will be a great chance to be at the beginning of a new projects which you 100% believe in.

 6 months ago Reveal Comment

the wLEO LP will be a good investment for us. LEO and ETH prices should both increase over this year and the greyster rewards will be the icing on the cake.

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