RE: Why price actions always do not relate to developments: A case for LEO

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Why price actions always do not relate to developments: A case for LEO

in SteemLeo •  last month 

Another great article @dtrade.

I just keep adding and staking. I have yet to sell any LEO since I decided this was a token to hold. After selling my initial earnings (while hodling my airdrop), I reversed course about .08 and have not changed. Every LEO I touched since that point is still with me.

As for the gist of your article, I agree completely. The market action does not reflect what is taking place with Steemleo (the same is try for STEEM). It will switch in time but, for now, I just keep adding.


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  ·  last month (edited)

Thanks @taskmaster4450 ;)

Another interesting thing was while I was buying during August-October, there were more sellers who occasionally come up and sell on the buy walls and crash it down. It means that buying large number of LEO (e.g. 10K LEO) was easier.

Now 7K buy wall is sitting for 5 days and buying up 10K LEO from the ask side will take price to 0.23 Steem. It means that it would be harder for new players to make big stakes without paying premium. Moreover, there are few forced sellers. These long trail of asks are mostly from traders who bought lower and want to make some profit.

We are lucky in that sense that we are early adopter. Moreover, LEO has come long way even price wise.


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