The way I plan my fianances for 2021

in LeoFinance2 months ago

finances.jpg

This is a post to take part in the contest published by @theycallmedan.

I'm running an offline business and at the moment my business is closed because of covid. My financial situation is directly linked to this. The longer it will last, the more difficult it will be to keep my business alive. I have no control over the virus and how the government handles it. I concentrate on what I can influence...

My investment strategy for 2021

My first priority is to cut all non necessary expenses for the company and on a private level.

The second priority is to develop my crypto income. I'm in crypto since 2014 and for me crypto was always a tool and something to work with. That's why I fell in love with Hive. This token is not just an investment vehicle, it's a blockchain where you can use your creativity and your knowledge to build and earn.

Assets

My investment strategy is to develop my crypto holdings mainly through organic growth from dividends, interests and staking.

At the moment all the fiat money is going into the stock and commodity markets. There is no economic basis for the prices that we see. In my opinion prices won't be sustainable in most of the markets. At the same time I believe that we will see a polarisation between deflationary and inflationary tendences that might run out of balance.

My goals for 2021

I've already written a post on 19.12.2020 about my goals for the next year. Here the goals that I have set for me and what I've reached so far:

Token19.12.20TodayTarget
Hive5933 HP6036 HP10'000 HP
LEO439 LEO486 LEO2000 LEO
CTP14'440 CTP15'451 CTP30'000 CTP
dCity837 SIM/day2'000 SIM/day3'000 SIM/day

How will I try to reach these goals?

I will try to reach these goals mainly through content creation, staking, curating, reinvesting and playing games ;-)

Price predictions for 2021

Hive

The price for hive will be directly linked to the development of Fiat Money. I think the price will stay around 0.10 and 0.20 $ which is good in my opinion. We don't want to have so high prices that people can't onboard ;-)

LEO

I believe that the price for Leo will continue to grow in 2021. I expect it to be around 4 Hive by the end of 2021.


A big thank you to the sponsors of this contests: @theycallmedan, @LeoFinance, @aliento, @hispapro and @tripode.




Let's connect on Hive, Lbry or on Publish0x

My free e-mail course: The 100'000 satoshis a week strategy

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I am sorry to hear about your business being affected by all this drama, I hope you'll be able to re-open soon and start getting back to what you do best.

I see you're pretty conservative on the price predictions, I think it wouldn't be bad if those could be the new floors once everything is said and done, but spikes can get crazy so we never know how high a token can go once it gains a little momentum

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Thanks man. It doesn't look so good here around. We are the country with the most cases per inhabitants in Europe.

I see you're pretty conservative on the price predictions, I think it wouldn't be bad if those could be the new floors once everything is said and done, but spikes can get crazy so we never know how high a token can go once it gains a little momentum.

You are right about that :-). I quite like stable prices and slow growth. Like that it's easy to make calculations. But well I wouldn't mind to see Hive at 1$ !

!ENGAGE 20

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

I set them about two weeks ago and the way I progress, I might reach them quite soon LOL

!ENGAGE 20

and when you do so you will treat us all :P

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Of course ;-)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

I can understand how it feels when we need to close business and you're right that we can't control the Covid virus. You have been in Crypto for over 6 years and this is great. I like you clear approach with Hive Leo, CTP and Dcity SIM tokens. I am sure you will achieve in this what you have planned. Happy New year

Thanks a lot for your comment. It's not an easy situation but well it's easy for nobody I believe. I've set some cautious goals and I think this should be achievable. Happy New Year to you too !

!ENGAGE 20

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Realistic, I like it! I do hope you change your mind and start buying into Hive because the price is still very low and has so much room to grow as we have more and more nice dapps like Leo. 3speak is going to really help us next year.

I understand not wanting to take as many risks when you have overhead from your business. What kind of business is it? I hope you can adapt it to work online during corona, or branch out! Good luck!

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I'm tempted to buy some Hive with my BTC at the moment but maybe I wait a bit longer.

I understand not wanting to take as many risks when you have overhead from your business. What kind of business is it? I hope you can adapt it to work online during corona, or branch out! Good luck!

Unfortunately my business is in the leisure sector and it lives from people visiting it. I'm trying to build up something here on Hive hoping that in the long term this will provide an income.

Thanks a lot for stopping by!

!ENGAGE 20

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Online tours? Online Events?  I don't know! THINK! It's hard this year, ya? You'll do well this year, we all will

Thanks for the ideas. I bet we will crush it in 2021 ;-)

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Some Nice goals here Achim and i hope you will easily make it to them.

Hopefully business will resume soon but I have no ide how this vaccination and new straing is going to impact more.

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Thanks man. Yes there is a lot of uncertainity around that makes it difficult to plan for the future.

!ENGAGE 20

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

I'm really sorry your business is affected by COVID. I really hope HIve and Leo rise because of these. I've just joined Dcity.. bought a few basic homes and I have no idea what to do next!!!

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