Since getting my SURGE position to the number I wanted 4 weeks ago, I have collected just over 2% more of my entire position. In a month. That means I'd collect around 30% (probably more) in a year, as it compounds weekly.
But it gets better. Not only am I collecting 30% more, I'm getting it at a 35% discount to its par pricing of $1. That means that when this 30% gets back to par, my actual return would be close to 80% on just the dividend part of the equation. Throw in the return on the discounted core position, and my return could reach close to 100%! On a downside-protected, stable asset backed by the LEO that LeoStrategy keeps acquiring every single day.
And this is just at a par price of $1. If and when LEO starts moving, SURGE could trade well over $1. And then there's the LSTR conversion...
The only question you need to ask yourself is: Are LEO & LeoStrategy going to continue to grow? I am 100% certain they are so this is a no-brainer for me. Nfa but...
It's math.
agreed. no idea why people are not loading up on surge
A lack of trust toward LeoStrategy
This kind of trust can only be built with time. Buying SURGE is an arbitrage play that LeoStrategy continues to do what they've already proven to us loyalists but non-loyalists will need more time of seeing things working to be convinced
just weird to me.
My answer is, will it ever get to its 1 USD peg? I hope so...
If and when LEO starts moving up it will. It's going to take a while. LeoStrategy has a few more million LEO to wade through before I think the selling dries up and the platform starts making inroads into the general crypto space. In the meantime, I'm just going to compound my interest and increase my returns.
So do I.
$SURGE sounds like a given!
It is in my mind. Like everything else with LEO over the last seven years though, it's going to take time. :-)
That's the beauty of dividend compounding on a discounted asset—turns steady growth into serious wealth over time. With LEO's momentum, yeah, it's a no-brainer for patient builders like us. Been stacking similar plays for years now
!vote
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In my case, I bought 200 SURGE at 4 HIVE each. When it reached 5.50 to 5.70 HIVE, I sold 50 and am still holding 150 for the long term. At least, I have a taste of short-term gain of 67 HIVE.