gm frens.
Don't take the title personal; this post is more for me.
Over the past couple of years, coins and tokens have come and gone from my portfolio. I've tried trading, staking in liquidity pools, launchpads, NFTs and GameFi.
And all those strategies are great, but I just don't feel like investing my time into them this year.
This year I'm taking it back to basics and building with a bare bones portfolio of rock-solid coins, both of which I'm earning instead of trading for fiat.
HIVE
You could be reading this post on Leo Finance, PeakD, Ecency, the recent Veews or another front end that is built on the HIVE Blockchain. Some of them have their own tokens and/or points associated with them, but they all interact with our beloved blockchain on the base layer. The main token of which is HIVE which was recently put on sale at sub $0.40 prices. If you were saving some stable coins for a rainy day, like me, the time to trade them for a coin that is building lots of infrastructure for the future... is now!
There's been HUGE improvements to the HIVE blockchain this year, and that means more d'apps will be able to build on top of it. In fact, plenty of useful d'apps are already being on top of the HIVE Blockchain already, and that's the reason I think it's only a matter of time until we get the next big d'app. It could be the micro-blogging platform the amazing Leo Finance team as working on (codename Project Blank), it could be another killer game like Splinterlands or it could be something else. I don't know... nobody knows.
What I do know is that I find this blockchain useful.
Even if the price stays at $0.35 forever, I can still use the HIVE blockchain to upload podcasts, interviews, music, written content, create NFTs and self-custody my cryptocurrency, and with human-readable account names, I think more people will slowly find the use cases of HIVE valuable and they will come to use it.
This is why HIVE makes up most of my crypto portfolio and will continue to do so in 2023.
Bitcoin
Bitcoin is a coin I'm holding for the very long term. Some of my clients pay me in Bitcoin and I do my best to keep those payments in Bitcoin, As I think it's incredibly undervalued still. Whenever I have some extra fiat, I can convert it into Bitcoin $10 at a time if I wish. Why am I doing this? because it's a global network capable of transferring value peer-to-peer at near free cost. It has a track record of 14 years and counting and is leading the charge when it comes to cryptocurrency adoption.
If you've been keeping up with the news, you'll see Central America has become a hub for Bitcoin adoptions from merchants thanks to Bitcoin startups like IBEX Mercado.
https://bitcoinmagazine.com/business/ibex-onboard-85-merchants-in-miami-to-bitcoin
Bitcoin education is being taught at school thanks to projects like Mi Primer Bitcoin,
And Bitcoin is now able to be cashed out at local bodegas thanks to Osmo.
It might be hard to grasp just how significant all of this is, but we're seeing Bitcoin being used at a scale we've never seen before, not just by individuals, but by businesses, enterprises and governments. So yeah, I'm bullish on Bitcoin and that's why it makes up the rest of my portfolio.
Boring strategy? maybe.
But I just don't want to spend much time on anything else this year.
Posted Using LeoFinance Beta
