Are you buying LGN at 1.3HIVE now or waiting to buy it at 1.4HIVE on 1st April?

This is just another episode of me talking about my favorite token of the BRO economy. Or should I say my second favorite token so BRO is really my first. Anyways, which one of the two tokens is my favorite of the BRO economy will not interest you as much as the rubbish I’m about to talk here. Lol

LGN is the BRO economy’s newest token and if you’ve read the whitepaper or been following up on it, you know that it’s on sale for over a year span, and goes up 0.1HIVE every month.

Most people including me missed out on BRO and almost missed out LGN as well. I say almost because I can’t describe how mad I am that I couldn’t buy a lot of LGN when it was 0.8HIVE just a few months ago. Today it’s trading at 1.3HIVE/LGN and per the whitepaper, I assure you this won’t stop until somewhere around December when the sale stops and the market does it’s own thing with the price.

When I look at the LGN trade history only a few days into the new month, I find it a little funny that people are placing orders as much as 5cents below what wearelegion is selling at. If you’ve been following LGN for a while, you know why this sounds funny.

Legion goes up 0.1HIVE on the first day of each month. Knowing this, it’s surprising that people think someone would sell at 5cents lower than market price about 3 days before it goes up. That’s just crazy and unless whoever is selling is desperate or in a tight spot, there’s no way they’d do that.

So the question to everyone still on the order book with limit orders hanging below 1.3HIVE/LGN is are you buying LGN now for 1.3HIVE or will you wait to buy it for 1.4HIVE on the first of the month? Because who in their right mind and situation is selling you LGN for lower than market price literally 3 days before we go up? Lol I’ll tell you who it isn’t - definitely not me.

Myself, I’ve honestly even been contemplating whether to withdraw my Hive savings and buy some LGN with it. Capitalizing on the 0.1 up, I’d make like 2HIVE if I bought 23LGN now and sold at even 1.37 in a few days time. Why I say I’ve been contemplating is because you know what they say, “Liquid is king”.

I’m trying to not have any liquid at all in my wallet as that would deprive me of an chance to take take advantage of any pumps our korean friends throw our way in the next few days. And a lot of those (pumps) happen recently so I don’t want to take chances. The plan right now though is to get the LGN sold back into Hive as soon as the 0.1 up happens even if not at market price. I can afford to sell for a 0.07Hive profit and not 0.1. That’ll still get me something.

Go take a look at the sell section of the LGN order book. No one wants to sell right now. Lol your best best is buying at 1.29Hive right now and even that seems to be off the table.

---

I think I’ve ranted enough nonsense. This is just a typical what goes on in my mind on a normal day, and it’s not financial advice. You’ll be wise to do your own research and consultations and take whatever I said here with a pinch of salt.

Posted Using LeoFinance ^Beta