Sunday Thoughts

in LeoFinancelast month (edited)

Authored by: @hetty-rowan


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LBI only from the markets!

The fact is, we did it. LBI is hard capped! From now on you can only buy LBI through the markets, AND there will be a price update every day in the LBI discord. Thanks @silverstackeruk. That is a very welcome feature ... even if you do not plan to sell or buy it is nice to have a daily insight into the price of LBI.

Undiscovered gems to be find?

Then on to some other things. Like every Sunday, as soon as my three days of mail start, I start thinking for a moment… What can I write about, and oh… which coin am I going to describe, where is an 'undiscovered gem' to be found.

Growing and monitoring my own portfolio

After last week I was mainly busy with monitoring my own portfolio, and trying to grab at least 3% profit every day with a small amount, I have to catch up on here for a while, get back to blogging and engaging! I haven't been online much on discord, leofinance and hive ... not only because of trading, but also because of the things that have to go on at home. And especially now that the weather is slowly getting better, this limits the hours that I am indoors very much. Summer is mainly a time of outdoor life, and with only a telephone with an internet connection outside… it is not a good idea to try to write my blogs anyway. I honestly admit that I can't, so respect the people who do because of circumstances.

Vote for 'your CUB'

Which brings me back to the “Help a CUB” contest. The post for the votes is online, the entries of the “CUBS” can be read and everyone is free to cast his / her vote for who you think deserves a new PC / Laptop / Tablet.

Since I am not writing here to influence you with my opinion, it is time for you to read the post for yourself, and especially the entries for the contest deserve your attention. Have you already done this? Then I haven't said anything! … For those who haven't done this yet, HERE, you go to the post where you can cast your votes, and all entries can be found here too!

Crypto News

Well, what happened in crypto land? We have seen that DOGE has put down a new ATH at $ 0.73, already BEFORE the important event that everyone had their hopes on. How many people will be fomo-ed in DOGE! I sympathize with those who jumped in from FOMO, and have now seen their investment drop by 20 cents per DOGE. Ouch! And how glad I am that I did not mix myself in the DOGE rally this time. I thought for a while to get my 3% with DOGE, but thought it was just TOO risky. The power of the FOMO is great, but the risk of Buy the rumor, Sell the News, was so present here that I did not dare to take it. And thank GOD.

DOGE an existential threat to cryptocurrency?

When I went to check the news this morning I came across another article. The CARDANO boss is adamant that DOGE is going to fail. And he continues, even calling DOGE an existential threat to Cryptocurrency as a whole. But why?

Out of curiosity I clicked the article, because let's face it, DOGE has made the news a lot lately. Not because it would have failed, but precisely because of the spectacular increase that the price of DOGE has seen. It would be “THE coin of the people”. How can that fail?

The Cardano boss explains a few things. 99% of all DOGE investors only buy DOGE because they believe they are going to get RICH with DOGE. And that mentality is wrong. That mentality can give crypto a bad name overall. Notwithstanding the fact that many people have indeed become rich in recent times from DOGE. But not everyone will be lucky. And certainly not the people who still step into DOGE are at enormous risk.

There is only a limited number of doubles possible before the panic sale occurs. And the moment that panic sale starts, OR the moment that big whales start dumping, well then a lot of people will be disappointed. And instead of getting rich, they lost their money.

In addition, according to the great Cardano boss, there was another problem with DOGE. In his words:

"And if you look at the distribution of the coin, more than 90% of the coins are in the hands of less than 1% of the participants, so there can be a gradual decline at any time. The people who sell are always in the plus, so whether they sell DOGE for $ 0.60 or $ 0.01, they're making a huge profit, which is a really bad situation to be in.

And yes, of course he has a strong point here. Because people who board the car certainly run a very high risk that enormous quantities will be dumped. Whales that are already making a huge profit at this point. They don't care if the price drops by 20 cents per DOGE. That is still a huge gain. Only unfortunately for the people who have now boarded from FOMO, that joke no longer applies to them ...

Negativity because of investment loss

And if all those inexperienced people experience a catastrophic failure by getting out of FOMO in DOGE now, their opinion about crypto has been marked for a long time by this one failure. Overall, that gives crypto a worse name than it needs to be. It brings negative publicity that the crypto market just can't use. And that is not deserved. Because let's be honest, there are a lot of good projects in crypto, and they don't deserve negative publicity ...

A coin like DOGE being pumped up by influencers like Elon Musk, being pumped up by Wallstreet Bets, being pumped up by the FOMO of many investors who KNOW what they are doing and CAN take the risk can become a bottleneck for people. Who gets into crypto NOW without doing their own research into WHY they get in, WHAT coin they get in and who think they get rich quick, but instead face a loss.

Projects without reduced risks!

These kinds of things make it even more pleasant that there is also something like LBI. A project that will only increase in value over time. No, not with 20 cents per 24 hours, but you also do not run the risk of losing 30 cents per coin 24 hours later. And if we want mass adoption of crypto, it might be wise to devote more attention to these types of projects. After all, crypto is a wonderfully beautiful world, with risks… but there are also projects that can take away that risk a great deal… and they are not or hardly discussed. As a result, many people still believe that crypto is dangerous, and you will certainly lose your money.

Can we change this?

How can we change this? How can we ensure that crypto in general is in the news in a more positive way, and how can we show that there are also projects within crypto with few risks?

Posted Using LeoFinance Beta


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Elon should clear things up once and for all, I'm serious, he should say he was joking, that dogecoin is not a scam, but well.... That bad taste joke has given hard to the coin that only goes down and does not end up going up, I do not care much really, I have patience and I know how to wait for my moment.

I think you have to wait for people to regain confidence, you will see that it will go up again, you have to be patient, in fact I was reading a little and some pages confirm that this coin has a good future despite everything.

What can I say? I am a visionary and patient man, I have faith that it will recover and will go up to the moon making me good money in the future hahaha. I will not get out, I am going to trust a little.

                                                                   ~ Lino Calderín

Posted Using LeoFinance Beta

Although I also understand that it's a risk, but just this once I'm going to take a little more risk and see what happens. I still have faith in safemoon, cubs, and some other project with a good future.

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LBI is capped. I got as much as I could before that happened and now we'll see how it performs on the market alone. Personally, I think it's one of, if not THE, best investment I've made in the Hive ecosystem. With their constant development and a great curation team, I feel it's only a matter of time before Leo (and LBI with it) start taking off. The dividends are going to be great but I think the price appreciation is going to make this a truly incredible project. Keep up the great work! I always enjoy reading your posts.

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I have chosen to abstain from the help a cub vote. I believe that there should be a recipient people applied, they may not have understood the rules, and those mis-understandings could have been better handled than how they were on the vote post.

Even though I have been on Hive/Steem for over 3 years, I am still new to crypto and really do not understand it much. I do hope that tokens like LBI and SPI and a few others allow those with little understanding an opportunity to invest, much like how mutual funds allowed non stock market people to invest in the stock market without risking everything on a one shot wonder.


Posted via proofofbrain.io

I have chosen to abstain from the help a cub vote. I believe that there should be a recipient people applied, they may not have understood the rules, and those mis-understandings could have been better handled than how they were on the vote post.

I highlight this for @taskmaster4450le and @silverstackeruk. And thank you for your reply!

I can relate to you with not understanding much about crypto. The same applied to me until I started to do my own research because I felt I was missing a lot, and needed more knowledge to make actual profits. And I can only say that I'm glad I invested the time, and keep investing the time to learn. My profits are growing, and I feel I understand much more. It has been a journey and sometimes a tough one, but also interesting and very much worth it to invest my time.

Posted Using LeoFinance Beta

I think you should definitely scan the feed in LeoFinance and read some articles. There are a lot of people here who have a good understanding of crypto in general, not just the Hive universe. There are articles and posts daily that tie in the cryptosphere outside of Hive and Leo and allow people the chance to learn and ask questions before risking their capital. Plus, by asking good questions, you'll actually get some votes and earn some tokens along the way. Pretty much a no-brainer when it comes right down to it. You can also check out LeoMarketTalk, now a twice daily informal "chat" happening on the LeoFinance front-end. It's a really good place to learn and get your name out there. Plus, again, you will get some votes and earn some tokens along the way to help you continue to grow.

Posted Using LeoFinance Beta

Regarding the dogecoin craze: I don't think it's an existential threat, every bull run has at least one spectacular failure ( remember bitconeeeeeeeeect? :D ) and that doesn't mean the whole crypto world will just roll over and die. Growing pains are just part of the process and people must learn the hard way that meme coins are funny until you lose a lot of money :P

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Lol ... who doesn't remember bitconneeeeeeeeeeeeect? Well, people that are new to crypto maybe, but most here do remember it very well. I don't know either about existential threat, but I just cited the big Cardano boss with his words. Although I can understand that he is maybe a little sour about Doge, a meme coin with marketcap that exceeds his ADA marketcap with a few billions. Maybe that is the reason for his words, I wouldn't be surprised.

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I personally believe that Doge is a mega-bubble that is slowly deflating, although it is an inexpensive way to send and receive money, it does not have much use in the whole environment and it would be a matter of time for the effort that Elon makes to maintain the air inside doge, start to fade

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Doge is hyped by Musk and the wallstreet bets, add some big investors to that and the mass FOMO'ed in. Ready to get dumped on.

But I won't deny that there are quite few people who made big profits from Doge. Will it go back to zero? I don't think so, does it have use cases? No not much, is that important? Also not really when you look at how big the marketcap is.

I don't know what the future holds for Doge, but never underestimate hypes and emotions. People are and will remain herd animals and will follow each other. One makes a profit, the other a loss. Until everyone will finally do their own research ... there will always be these moments, and that again indicates that the crypto market is not yet mature. At least, that's how I see it.

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I don't know what will happen with Doge but I do believe in LBI and LEO doing well over time. The use base and the assets backing it are why I believe in it. I think just the top 100 holders of DOGE hold above 60% of the current supply so if they decide to dump, the rest of the people will take the hit.

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Nobody can foresee the future, not for Doge, not for LEO, not for LBI. As LBI is backed by LEO, and valued in LEO. If LEO goes back to 3 cents, (which we don't want to see that happen of course), LBI will still be 1.21 LEO right now. But its dollar value would be much less than today.

The LEO team is working very hard to succeed, and is doing an amazing job so far. With many things to come ... I believe it can be a very bright future!

Posted Using LeoFinance Beta

Glad I didn't give the doge craze any attention at all. Doge is one pump and dump coin with no real use case.

I believe people that fomo'ed into it knew exactly what they were getting their hands into. Chasing pumps only leads one to thing- rekt city

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I believe people that fomo'ed into it knew exactly what they were getting their hands into. Chasing pumps only leads one to thing- rekt city

I think there were many people who didn't know that because they are new in crypto! They don't know about the pumps and dumps, they don't know about hypes, and sure have no clue about use cases or whatever. They only thought getting rich with "magic internet money".

People who did know the risks could manage that a lot better, and made their decision based on their own risk management.

I followed the Doge craze, but didn't get in. Because of the big risk.

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I think there were many people who didn't know that because they are new in crypto! They don't know about the pumps and dumps, they don't know about hypes, and sure have no clue about use cases or whatever. They only thought getting rich with "magic internet money".

True. Now they know better not do that next time. Many need crypto education to correct their mentality on what the crypto is all about


Posted via proofofbrain.io

I believe that The lbi token is a wonderful project that have a Bright future ahead...@lbi-token


Posted via proofofbrain.io

Thank you!

Posted Using LeoFinance Beta

A coin like DOGE being pumped up by influencers like Elon Musk, being pumped up by Wallstreet Bets, being pumped up by the FOMO of many investors who KNOW what they are doing and CAN take the risk can become a bottleneck for people.

That's one of the reasons why I decided to stay out of Doge this time. I'm very new to crypto and I still have a lot to learn so I passed on this.

As for LBI, I really believe it's a solid project and I've been increasing my holdings and I plan on continuing to do so in the future. The LBI brings a lot of value to the community, not only in the form of financial returns - which are always great - but also with engagement and a real interest in developing LeoFinance.

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To me it is unthinkable that a coin with no utility is worth more than Hive whose utility is obvious and valuable projects like LEO and LBI but that is the reality.
I never thought of buying DOGE and I still don't want to buy them....
!BEER

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Hey @lbi-token, here is a little bit of BEER from @libertycrypto27 for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

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Really excited about LBI growth now, as now only way to get them is through market.

About DOGE it's all confusion. I'm not yet involved there not with 10$. But today elon tweeted for his follower to ask whether tesla should accept DOGE as payment and survey says, about 77% said in yes. we will see how that will sort out. But with only a couple of hundreds wallet having more than 60% DOGE supply is dangerous.

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