Not sure if it's already been raised but what are peoples thoughts on lastnights dip? I used the opportunity to score some more bleo for the bleo and BNB pool as well as Hive.
With BNB bouncing back up I'm hoping impermanent loss doesn't hit me too hard, just waiting for Leo to climb back up to where it was. Definitely a good time to buy though.
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I am just hoping it doesn't run off this month so I have a chance to dump some into the LP next month. Then again, it probably doesn't matter as much since its the bLEO/BNB pool that I am probably going to enter.
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I spent another 100 quid last night and about $30 on Hive. I need to start investing more on the Hive side of things.
Takes time to grow but getting there. I have bugger all in the bleo-bnb pool. But I find that pool doesn't show up how much you have in it. I'll lose track on it so bit of a concern
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This is a true statement across the board.
We need to get tens of thousands of people buying $100 or $200 worth of HIVE and powering it up. That would change things a great deal around here.
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I probably do abit more than that at current.
I've been stuck trying to decide if I should power down some Leo to wrap with BNB to farm the bleo and BNB pool. At current I am using my own cash but it is taking me a while to buidl and I've lost all the really good ROIs. Noting that it is still good.
I'm only have adding another $1000 to that pool and then just sitting in and probably liquidating some monthly to send back here.
Just not sure of the process I think I need to sell as BNB send to binance then Hive then use Hive to buy Leo.
Do you know of a better way?
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You can find an easy on-ramp, like Coinbase or whatever, for your fiat. I've been buying DASH. Cheap transfer fees. Transfer it Bittrex and buy Hive there. Very small (like .1 Hive) to transfer from there to Hive. Then you can convert some of that on LeoDex and buy Leo. That's how I got my original stake. (Actually, I think Bittrex stopped trading DASH so you'd need something else cheap to transfer. Obviously nothing ERC20....
Since then I've been doing the same thing only transferring to Binance and converting to BNB and then using the Binance Wallet to convert to BSC and moving to metamask and then converting to bLeo. Then I can either stake that in the farm or convert to Leo with the Cub conversion thing.
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I haven't used Leo Dex and not sure how. I used the HE is leodex cheaper? Can I use leodex on CUBdefi to bring Leo back to LeoFinance?
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Absolutely! LeoDex is only .25%. H-E is 1%. It's way cheaper. I use LeoDex for everything I can. Especially Cub. The little bLeo to Leo and vice-versa bridge thing is MADE for LeoDex by Leo devs. Same for the wLeo to Leo. Definitely check out LeoDex!!!
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It is not an easy choice. A lot of benefits out there. Great tokens that have a very promising future.
We will see how well it all turns out but I believe those are winners. Cant go wrong with any of them.
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It's just a hard decision because I feel like I'm cheating people out. I want to grow the account to provide upvotes to users and by sending it across to the pools I feel like I'm selling out. Lol I shouldn't really feel that way as I'll be bringing it back across but still feels bad.
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You have to take the long term view and do what is best for you. Yes there is a communal mentality that has to be considered but, like they do on airplanes, you have to put your own airmask on first.
There will be time to your profits and add in other areas that are needed.
We all have only so many resources so it is a decision making process. Sadly, we cant put money into everything.
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BTFD!!!
In a long term bull, always smart to add to one's core position when the market gives it.
I added a bit more CUB.
Things might head lower for a while, but I believe this will be relatively short lived. There were a lot of leveraged Bitcoin plays that were liquidated. The market needs to clear a lot of that crap out.
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Oh yeah, I read about the liquidations, I'm not sure why people play those games. Too risky better off just owning the item. But then I guess you're not propped up by the tax payer when things go belly up.
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Leverage when right can make you a lot of money. That is why people do it. Hell that is the entire real estate market. Put down a few percent and get the entire house. If it double in price, the person gets the entire amount.
Same thing in markets. Leverage by putting 10% down and see a double, that is an enormous gain.
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