I was checking around Hive Engine on prices and saw that LBI was actually selling for less than the price of LEO. It's pretty crazy considering how LBI's underlying funds is greater than 1.2 LEO if I remember correctly. So I bought some LBI and increased my total to 200 LBI.
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Good catch! If you're planning on being in LEO long-term, then owning as much of this as you can is a good move IMO. Get Rich Slowly...Fast. The numbers get pretty amazing when you get out 4-5 years. And that's just on the LBI price in LEO. If you factor in LEO token price appreciation, you start getting into 100x type territory. Like LBI price could easily be 5 LEO and LEO could be $5.00 so one LBI could be worth $25....
It will obviously take time but...the trend is our friend with this one and I don't see any reason to believe it won't continue. Even in bear markets the value of LBI in LEO should continue to rise. And then if the LEO token value rises in the bull markets....? Jackpot!
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The fact that more LEO is generated each week for the LBI account really helps things. We are seeing more LEO being held as author and curation rewards roll in. This helps to offset some of the price fluctuation.
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Yea, I love how all the different projects on LeoFinance add to each other.
That usually means that if one goes up, others will follow and we make mad stacks
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Yea but I think having LBI is better than having LEO since we get extra dividends on top of price appreciation.
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Oh, it's for sure better. LBI is worth almost 1.5 LEO right now for one thing. And it will continue to climb. Leo is better for curating your own stuff but otherwise, LBI is a better investment IMO. The only other downside to LBI is liquidity. Much harder to sell it if you ever needed to. But if you're planning on holding them for the long-term, then LBI should be worth much, much more than LEO at some point.
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Awesome. I will check it out too. It mostly follows the LEOs price but you get that opportunity once in a while.
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Smart move. LBI is a great project and you can't have enough of their tokens
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That is the way to take advantage of market inefficiencies.
And I think the value of LBI is closer to 1.4 LEO.
Either way, a terrific buy for you.
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I traded in my liquid LEO rewards to pick up some. Still was a good price when I purchased the LBI. Thanks for the heads-up! Much appreciated. Now I will wait for my dividends.
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Yes, those dividends are great. It's nice to just see them show up every week without having to do anything.
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You are welcome. It looks like most people weren't paying attention to it either.
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Lucky, wish I caught that too. The price seems to up back to normal now.
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Well I think it happens every once in a while so you can always check out prices from time to time. Who knows if you will see LBI on sale.
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