Meeting my LBI targets and pulling profits in process.

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Meeting my LBI targets and pulling profits in process.

When LBI started, I put my targets of 1000 LBI (leo Backed Investments) but with time I incresed my targets to 1500 and successfully reached my targets.

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Once I learnt that LBI is going to the price increase in coming February, then I decided to increase my targets to 2000 LBI and I was already sitting on 1900+ LBI.

But in past 24 hours I get nice opportunity to add around 90 LBI , bringing my LBI total above 2000 and I successfully completed my goal with few days to spare.

How I pulled Profits.

I noticed that there is difference of .1 in LEO bid price and LBI ask price in leodex.io/Hive-Engine. So instead of sending my LEO to LBI-token account for issuance of LBI,I decided to sell my LEO and purchase the LBI from leodex.io/Hive-Engine. In total ,I am able to do swap with 90 LEO in my account.(there is scope for more but I have only 90 LEO available.) Since I am getting profit of around .1 hive for each LEO to LBI each conversion. So in total I make about 9 Hive and even taking 13 cent a Hive,it is income of $1.17.

So just make sure that you check price of LEO and LBI in Hive-engine before you re going to buy LBI.

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Please feel free to upvote ,comment and reblog.

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25 comments
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damn 2k+ is quite the amount! congrats man

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A little greedy before the price of LBI start soaring in Feb. May be buy a little more but this time to get quick 10% profit conversion after Feb 2.

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i am wondering how much profits we gonna earn from lbi in say 2-3 years

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If LEO hit $50 , and swap of LBI reaches 2 Leo/LBI and LBI just earn only 30% per year and pay half in dividends, the LBI payment will be bigger than my full time job.

Now you confused me in booking profits.

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hehe to be honest i highly doubt leo will reach 50, or even 10$ i will be happy if it reaches 1$-2$ by the end of 2021 though. I wish i am wrong though and you are right

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I am thinking that Project Blank can easily cross $10 and $50 looks tough but nobody can rule out crazy runs when this have so little supply.

There are lot of shit projects that have nice market value as compared to Hive. If Leo creates a good project and market it properly ,Nice token price and valuation is to follow.

PS: Few days ago I was thinking if CTP get to .25 Hive, it will be nice. But it already crossed this mark and "all the value addition projects" yet to debut. Think if team do honest rewards sharing and project get acceptance, you can easily see $1 there too.

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Shared in reddit, My userid in Reddit is / user / r1s2g3

Shared in Publish0x, MyPublish0x user_id is / @ Rajat-G

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Very nice! Well done, Using LeoDex honestly is a must. Deposits are 0.75% less and withdraws that's 1.5% savings if you deposit and withdraw

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Yeah Leodex does great in saving fees but I keep this trading profit either to create more profit or buying tribe tokens, rarely doing conversion to Hive.

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You are always good at this. Cheers. I'm planning ti start my LBI after I reach my goal of 4000 Leo power which is very close.

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Hmm, I was giving priority to LBI because of price increase in LBI in future but 4000 LEO is a great feat.

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with my LBI investment; I'm stuck around 950 LBIs. Initially; I had planned for 500 LBI investment and then made it to 1K.. but overall I'm not seeing any good returns so far.. let's see what happens in near future with the LBI investment. cheers

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There are no returns as dividends are stopped till April. You will see increase in value of LBI as very soon LBI team will issue 1 LBI with 1.1 LEO. It will be 10% gain in 2 months . APR of 60%.

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That's really nice that you were able to meet your target and how you did it.

Thanks for sharing this and stay safe always

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I was saving up my all LEO + other earnings to LEO from November 2020 (day when the LBI project is announced.)
You can say it is 2.5 month of earnings that are converted to LBI.

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