A Detailed Review of my Crypto Objectives from 2023

in LeoFinancelast year (edited)

Greetings, everyone!

These days we are all closing our books from 2023 and creating dreams for 2024, it is now my turn to share with you where I stand.

On the personal plan, this was probably one of my difficult years so far. Many times I had to run the extra - extra mile, under overload and stress, only to discover disappointment and people not worthy of my trust.

This affected my performance on the chain. Too often I was too tired for anything, and many times I lost my focus.

The big picture

I started 2023 with 9 objectives, concentrating my interest on several aspects: Hive - "the" layer 1, LEO - on layer 2, investment stakes in two popular games, tracking physical activity - move to earn, but also two performance indicators for my portfolio:

... with mixed results.

Hive Power

The plan was for a strong push to increase my stake in Hive Power, as a commitment and belief in this amazing community we have here in Hive. I had a detailed plan which I tracked weekly. Of course, the results were disastrous. My organic growth was very low, with an APR of only 8.24%, and only about 450 Hive coming from curation for the whole year.

Luckily, I have been able to bring fresh money into the platform (about 9.5k HIVE), and with this, I managed this was to overachieve my target.

Genesis League Sports

There was a lot of noise back in 2022 about the new game, and its wonderful potential to bring soccer fans into the Hive ecosystem. I also believed this, and very quickly I added more and more GLX to my portfolio. It was expensive in the very first weeks and had a nice APR. But then nothing happened, or at least I was disconnected from the news stream. GLX is now trading with good discounts versus what it cost me. I achieved my objective, but probably it was a bad idea.

Splinterlands and SPS token

My plan for Spliterlands was to stay flat. The downfall of 2022 was so steep, that scared me to invest more in the game. But the team managed to stabilize the economics of the game and delivered on promises on Land. This stabilised also the SPS token, and recently I see potential for further growth. That's was I decided to increase a bit my stake, and now I proudly own 90000 staked SPS

Leo Finance, INLEO, LEO token

From what I have seen, the evolution around LEO was the most impressive set of events of the year. Unfortunately, I did not have the resources to take part in it and had to live with a small stake.

Actifit

Actifit app has been very dear to me from the very beginning, as it was one of the first things that added utility to Steem, and then Hive. Move to earn - literally. I planned to get more physically active and improve my rank in the app. The higher the ranking, the bigger the rewards. And I failed to do so... Work and some medical problems prevented me from spending more time with the app, and this year I have a lot to recover.

Rising Star

Here it should be a nice smiley face. This was of great help to me. The game helped me to go through some difficult moments and find a bit of distraction from my daily troubles. I was active, and I increase significantly my collection of cards. Furthermore, each week I was able to make some extra HIVE for my savings account. And of course, a big overachiever: I closed the year having three times more points compared to what I had planned for.

Curation Earnings

What is the meaning of having a good stake of Hive Power, if most of it stays unused? This is a major question for me in the new year. My curation rewards in December 2022 were 63.35 HP, and the objective for 2023 was to reach December 2023 with more than 120 HP/month in curation rewards. Not only I have not managed to improve my performance, but in fact, I succeded to the opposite - my curation rewards dropped to 38.69 HP/month, worse than anyone can imagine. I do not use voting trails and everything I do manually. No time, no rewards.

Performance Indicators of my Crypto Portfolio

First, a few words about liquidity. The issue with no liquidity is that there are opportunities, and a lot of them here in crypto, and the opportunity timer runs away very fast. I do not want to disclose the value of my portfolio, but in my country, this is probably more than an average person manages to acquire in his/her life. Maintaining a 10% liquidity ratio is in my opinion a must. Unfortunately, my lack of discipline had a major play in this, and I failed to achieve this target.

Closing words

Overall, the state of my objectives for 2023 is a good reflection of my mood during the year. Easy targets were missed, mainly caused by a lack of consistency.

Nevertheless, I'm happy to share this analysis. I have learned a lot, and hopefully, you too can find inspiration in my mistakes. What's always important: I'm not a financial advisor. Do your research, and make your own decisions. I'm not sharing any responsibility for how my thoughts might be used by others.

Take care!

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It sucks to hear that things didn't go as expected, but you did do well on some goals. I tend to wait a bit for things to settle because it takes some time for tokens to settle in a price and especially for a new game.

Thanks for your kind words! There are lessons to be learned, and this is good.
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