Selling? What a heck?
Every day numerous times I'm looking at the LeoDex data. Not so much in the chart itself, but more in order book depth.
And specially - in the order book entries. Who exactly is selling, and who is buying.
Yes, majority of the names there are trading bots. The same names on both sides, BUY and SELL.
Buy low, sell high.
Those bids/asks are typically not large, most are between 0.1 and 40 Leo.
However, there are also a bunch of already recognized Leo participants. Whish on the SELL side keep orders of 100-300 Leo and more.
Even some very new members, which seem to be in a rush to get rid of their very first earned LEO's
And then one and the same question rings in my head:
What they will do with that received HIVE?
For every sold LEO you get now what, 1.5 HIVE ?
Send them to exchange, and you end with 1200 Satoshi's?
Is it worth? Seriously?
The TREND
I do not consider myself a good trader, nor a good TA analyst.
Bet when I look at Leo's chart, even my unexperienced eyes see something clear and solid. The trend.
Not the bubble. Not the hype, nor any dangerous bear signs.
All what I see is something truly "bullish".
Or do I miss something?
Please leave you thoughts in the comment section down below.
Needles to remind, that on my blog they are upvoted most of the times. As sign of appreciation
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LeoFinance has a nice roadmap ahead that's probably why people don't want to sell their LEO tokens cheap.
We don't even know what's coming in the next year!
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First of all LEO will reach at least the same price as before the wLEO hack. So I have put the $0.25 as the fundamental low price for it, considering that wLEO v2 will soon be launched. Not only that but we have a promising roadmap organized in an agile matter, mean and lean. That convinced me for the direction we are heading in, I am impressed about the speed and seriousness of this project and what is to come. Thus, will never sell my LEO this year and probably not anytime soon in the future.
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yeah for this reason im storing and stacking my leo so to get a good price or I might not sell them at all
but let see what happen after WLEO V2 launched
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Don't you actually get about 0.67 LEO for one HIVE? I thought LEO was trading higher than HIVE.
In regards of the people you mentioned I can see two cases:
First, some other types of traders other than bots who swing between the two just to stack more.
Second is the people that might actually need the money made from blogging for daily expenses. Can't blame them.
When it got to 18 cents I was thinking to sell some as well tbh but no, to make it worth the effort LEO should at least get to 50 cents, although if we take into consideration WLEO 2.0 and the general trend of crypto and LEO's potential me might get to 2017 STEEM price levels.
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Noticed the error myself (all figures upside down), but it took me several minutes to correct ( struggling with nodes again !)
I see you were quicker than me, noticed this too. Thanks!
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he's a sharp person
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Yeah, sometimes I'm amazed on how easily I spot errors and defects, but overlook positive stuff and opportunities... Probably I should at least try and keep them for myself and not let people always know that I saw that. Sometimes the correction is in works like your situation here...
wow we have a correction geek here
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yeah, im waiting for that too. it's just around the corner anyway
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There are certainly a number of bloggers here on Hive who continue to sell their profits immediately and irrespective of price, to live. We don't know everyone's specific situation and for some people, Hive literally allows them to put food on the table that otherwise wouldn't be there.
This has always been one of the cool aspects of coins such as HIVE and LEO that you can earn, just by investing your time. But in saying that, this can also cause immense pressure on price. I mean just look at the situation we have now with HIVE...
The tighter supply of LEO and the relatively small number of big holders such as yourself contributing to demand, certainly helps stabilises our price. However, HIVE unfortunately doesn't have that same demand side pressure right now.
In my opinion demand for HIVE will eventually come through communities like LeoFinance onboarding through ETH and other means. With a LeoFinance account, your account allows you to interact with the entire Hive ecosystem and to do so, you're always going to need HIVE.
No matter how you got to LeoFinance, HIVE is still the base token of everything we do. To increase demand, we need to just increase new accounts being onboarded. Something the LeoFinance team is obviously and rightly so, focusing on.
I'm certainly optimistic.
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Nope, not selling. I'm still trying hard to accumulate, so whatever I get from commenting and posting get to my LEO power. :D
Is this me? LOL
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me to I don't get to trade often too
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I think the issue with LEO, especially for new traders/users is that there isn't much history with it and it is a very small market cap. The vast majority of these types of coins eventually become worthless. These new users haven't really dug into exactly what LEO has going for it and what it has coming down the pipeline in terms of growth plans. Then there is also the likelihood that they don't understand how they can use their LEO to earn more LEO in terms of voting and eventually as an LP. Once they really start to understand all of that, the start to become HODLers.
For the older users that are constantly sellers, well for them, perhaps they will just never fully buy into the LEO story no matter how great it looks. That or perhaps they just need the money in real life. :)
well for one, LEO hodlers have got some of the strongest hands here on hive.
those selling might be trying to diversify into other tokens and of course as you stated there are those that are buying low and selling high for some small but instant profits.
i'm happy to curate with the small stake i have whenever i can, and although i don't have much time for posting i'll slowly try to build my stake.
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I did sell a few a while back and picked up some DEC, Then I stopped selling any because they are just too darn precious to me. I figure if I hang on long enough I could be a Hive whale.
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For me, as someone who really only got into Leo and the whole Hive Engine last month, I've been having my buy orders filled really easily by whoever is dumping in to them. I won't be selling them so easily and looking to accumulate.
Even with Hive price, I can't believe it's this cheap, I've basically just swooped in and bought more which I can then use to help my long term goals and support the network to support each other.
OK if people absolutely need the money then they need to do what they need to do but I'm all too happy to be picking things up on the cheap especially when the products are being developed and are only just getting started really!
I stake all my LEO earned, but I take chance with HiveP , I guess ,after wleo hack ,I started playing with my 13 hivep that is effectively converted to 28.4 Hivep. Now waiting for some week hand otherwise the order will expire in next 30 days and this 28 hivep will be used with leo or some other tribe token.
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I do feel that's wrong but I can't stop them I to see the chart and see what the shit is going on and leo is not alone in this their bot that is doing it with sports to
and man those how to sell 1 or 20 leo that not worth it what you gonna do to this little money on exchanges BITCOIN withdraw fee is around 0.0005 btc so that not worth it to sell it cheap and damage token price
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No , They are not taking it out for BTC , they just put both buy and sell order, keeping their token balance same and earning some Hivep for it.
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bro @r1s2g3 im talking about people how to earn a little and sell them not the bot who do trading
May the need are dominating the investment perspective. I do not see any reason for someone to sell LEO that is constantly increasing in value and give some nice curation return.
yeah I agree with you if I really have to sell I ll sell it after WLEO V2 and see where it goo
View or trade
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BEER.Yes, there is a solid up trend there indeed. Hive into LEO is all I am doing. Hive is going to 5 cents haha.
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I’ve got a little piece of that sell wall:
😎
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The suggestion of the other commenters, that these sellers are swing-traders and people that really need the money sounds reasonable. The Market has to deal with both of them. That is the difficulty in designing the reward-pool and its distribution. It should find enough HODLer for stabilization and long term growth and also some sellers for liquidity and entry of new players (potential Hodlers). I am really looking forward to wLEO and the bound to ETH - that will change a lot. It may only work if enough Ad-Revenues are continuous invested into LEO to keep the buyingpressure. Interesting times ahead!
I asked a couple of important questions about this platform. Got no answers. Until that happens I'm not increasing my positions.
I'm diversifying.
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Hi @onealfa, why you are powering down LEO in your @onealfa.leo? Is it too much pressure on you to have that much LEO? Just asking ;-)
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The reason is so simple - I must have enough liquid LEO by November 10, for participating in Uniswap LP v2
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Hi, @onealfa it's about your downvote of my post:
https://leofinance.io/hive-121566/@siphon/essen-die-menschen-besser-in-der-krise-nein-doch-vielleicht
The entire post is about the spending behavior of people in times of Corona. I don't think it contradicts the topics of #leofinance, if I am wrong I would be happy if you could explain it.
Otherwise I would be happy about the undoing of this downvote, thank you.
With kind regards
@siphon
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