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I am often curious what are the plans of every person here on Hive/LEO. Especially, now with the x10 that LEO did, i am quite curious to learn about your plans and goals. I think this is valuable as some people may take some ideas, others may learn a thing or two about you and in general stronger bonds and inspiration may come.
Ofc each and every single one of us who got into crypto has as an ultimate goal to earn some money. This is a fact, no matter what most may say. Now, aside from that, let's say that you already hold some crypto, it can be either LEO, Hive, BTC or anything possible.
So, what are your goals in case you manage and have earnings?
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I know that what you are going to do with your earnings depends on the amount that you earn. It's quite different to earn 100$, 1000$, 10000$ and a million dollars. But ofc even that can vary based on where you are. I will first start by sharing my point of view and how will i spend my crypto earnings and then feel free to do the same in the comment section.
So as far as it concerns me, with hard work and a little bit of luck and with the current prices, if i add both my LEO and Hive account, i am at 10000$ in terms of value. So in other words if i cash out, that's the amount i will get and if this amount goes straight to my bank account, minus the tax i will be a bit lower.
To tell you the truth my plan is to simply hold. 100$ or 1000$ or even 10000$ won't make a difference in my life currently. It's not that i have money to spare but this amount won't help me by a house or something. Best-case scenario i can live for a year a bit better in terms of spending, or i can buy a used car.
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Thus, i'll hold and try to increase my stake with the hope that in a few years i can have something better. Ofc this amount could help me or my family in case on an emergency, a health issue or something like that, but aside of that the goal is long-term hold.
To tell you the truth for me to cash out i need to be over 100k something which is pretty far away and then i would simply cash out the amount that would exceed that. You see, this account is like my savings account at least for the time being.
Now i have seen and witnessed people who have different perspectives. Some always cash out a small amount just in case something bad happens like a big dump. Others, cash everything out or a certain amount to reinvest in other opportunities and some people who live in third world countries where everything is touch, simply cash out daily or weekly, to cover their daily, weekly, and monthly expenses like groceries, everyday goods, doctors and such.
Share your thoughts on this!
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Posted Using INLEO