What type of investor are you?

in #leofinance2 years ago

Greetings all, hope everyone is well given the wild 7 days we had with BTC going below $20k and ETH dipping below $1k. It’s gone back up slightly, but the recovery feels short-lived in my opinion.

In my previous post, I had asked for advice as to where I should invest some money. While I appreciate the large number of upvotes, no one gave me any advice which was disappointing. I went with DEC in the end and paid around $0.00076 after including all the associated transfer costs which looked a good deal then, but DEC has dropped even more this week. At least I am getting good SPS from the airdrops with 37 days left.

Back to the question posed in the title, what type of investor are you? I am trying to figure that out about myself. Before crypto, I was and still am invested in the stock market, mainly in micro cap stocks which have greater volatility and risk. So not too dissimilar to crypto to be honest.

I started being interested in crypto slightly more then a year ago, which I believe was when crypto was starting to run. I was fairly cautious initially and basically did faucets like Freebitcoin which I actually still use and survey sites which paid out crypto. I did a lot of surveys, it was almost like a part time job and made $300 in two months, which felt decent.

I also started reading lots of post around anything crypto related and sadly FOMO’ed into the XVS token just before their airdrop. XVS tanked after the airdrop and never really recovered, so I became a bag holder, a bag holder who can’t bear to sell as I know it will recover some day!! As I used Binance to get my XVS, I decided to get some BNB for staking and their Launchpools, while also buying and selling some altcoins that I prefer not to mentioned. I also did some BFG mining on BetFury whereby you get some BFG whenever you gamble on their Gaming site. With the BFG you gained, you could stake it to get a mix of BTC, ETH, BNB, TRX & USDT. I even bought some BFG to stake as the returns were pretty good.

It was this period that I read about the Play to Earn side of crypto and was super intrigued. Being a gamer myself, this felt right, making some money while having fun. Axie Infinity was the biggest P2E at the moment, but it was just so expensive to get involved and I discovered Splinterlands and the rest was history.

My interest in crypto was peaking in these six months and then it just fell off a cliff. From clicking every hour to get 1 SAT of BTC and playing Splinterlands for 2 hours straight, I just stopped! Put all my reward cards on the rental market and just could not be stuffed.

However with the crypto market crashing the way it has, my interest has been piqued again and I have invested the same amount of money in a week as compared to my first six months. I am also back to posting on Hive and commenting more then ever. I am definitely back on my hourly faucet which is now paying out 3 SATS! I think they pay out a fixed USD amount, so the lower BTC is, the more I get. I have also started back on the BetFury boxes that are available every 20 minutes…

Final Thoughts
Whoa, this almost looks like a mini introduction of myself which I still have not done since I joined Hive last year.

The beauty of writing for me, however poor or nonsensical it is, it gives me an opportunity to reflect. Looking at what I wrote, my investing methodology would be one of a junkie chasing the rush of price movement, whether it be up or down, doesn’t matter, as long as it’s not stagnant. Plus the attention span of a goldfish. Once things stablise, I look for something else till things happen again.

Do you agree with my prognosis? And what kind of investor are you? Do you HODL and never sell? Are you a degen farmer or pip trader? Maybe a DCA’er or mini BTC stacker from surveys and faucets?

I hope you will share with me and whatever the case, stay safe during this rollercoaster of a ride.


I used to be spread too thin when I began last year. This year I consolidated my portfolio into 2 sections: tokens I cared about and those I thought were OK.

The tokens I cared about are those where I staked a lot or are those I want to HODL.

For the tokens I thought were OK, I put them to work in various ways in order to support those I cared about. A few were delegated to accounts which offered some sort of passive income. Some were put into liquidity pools which let me recycle LP rewards into them so I could earn more LP rewards. Then there is DeFi.

At the core I buy to HODL. Around that core I buy and trade as needed to support the core where I HODL.

Posted Using LeoFinance Beta

I always tried to keep my portfolio small so that I could understand them better. Too many tokens out there to do any research on.

I try to get tokens that have some form of utility instead of just HODLing. Hopefully the utility translates to longevity and people keep using and buying them.

I used to be a degen farmer but been taking it easy lately. Now DCAing various assets like BTC, ETH and LINK to the bottom. Also really putting some effort to Splinterlands.

Posted Using LeoFinance Beta

I thought of trying to be a degen farmer, but I feel the effort required vs the rewards was not worth it. Felt super high risk as some of the tokens can drop in an instance and then you are just left with lots of worthless tokens.

Also tried getting back into Splinterlands with the new reward system, but the competition is super tough. Struggling to even make it out of Bronze 3...

I thought of trying to be a degen farmer, but I feel the effort required vs the rewards was not worth it. Felt super high risk as some of the tokens can drop in an instance and then you are just left with lots of worthless tokens.

Yeah it's that defi curve. First it goes way up, then the presale guys start taking profit(exit!) and it begins to to climb down and rarely goes up again.

Splinterland sure is getting tougher. I'm in Silver II and feels like there's a huge gap to Gold.

The gameplay is very different in Gold and then Diamond as more abilities get unlocked due to the higher level cards. I always like playing in Diamond in the past as the strategies in play are so vast, but renting to stay in it was way too expensive.

Slowly work your way up and keep renting I guess, I am a strong believer in renting if you can get a good deal on the cards!

I'm actually renting out now. Just the cards I never use, getting pretty good revenue. I was thinking that maybe I should use the DEC I'm getting from that to rent in order to advance to the next league...
Right now the rent prices of some Legendaries are pretty low.

Rental is decent again, so I kinda stopped playing. You can consider Rentvesting. It's based on a home-owning strategy whereby you rent where you want to stay and own an investment property within your budget.

After playing a while, you know what kind of strategies you like to play, so you rent out everything you aren't keen on and rent those that you like. This way you can rent higher level cards and not feel the impact to your DEC balance. Maybe the rewards from playing in the higher league can offset a little of the difference :)

This is exactly the strategy I was thinking about! You just put it into words better!
I have to bookmark that comment of yours, cheers man!

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