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RE: Shittokens

in LeoFinance3 years ago

I'm saying this dip isn't the end of anything as far as it's concerned. Who's to say it wasn't overvalued long ago anyway and headed toward it's actual value now? How you look at it is, if you see something down, you look at it like a loss. I look at it like there's potential to reach new heights. I look at it like a simple shift in value, a price adjustment. Look at every crypto and you see this trend you try to use as an example for me, which means nothing except something is down in value on a market. Not sure what your point with showing a price chart was, but it means very little. Lower price = lower barrier to entry. You believing that if something doesn't rise in value over time, it's worthless or useless, is you being mad about the fact you think you or other people have taken "losses" when the fact is, no one's lost anything and those who bought it bought it with purpose and saw it's value and any given crypto at any given price means nothing at all when they are holding whatever it is and not selling it anyway. No one who is truly invested in an idea, is even looking to cash out, they are holding onto their stake whether it's worth $1 or $1,000 each. You not seeing the benefit of the long term isn't my issue. lol. Show me a single crypto right now who's charts don't end up looking like that in a week or a year and then bounce back tremendously and then get back to me.

According to your logic, BTC and ALL crypto are worthless wastes of time. Here's a chart for you, since you think charts matter and all that.

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^ Oh look! Another chart! :)

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^ Uh oh! Looks like ETH is useless and worthless too! Wow! This logic is great!

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^ I like that crappy little timeframe you used to make LEO look even worse than it is, but hey, any crypto can be put to "1 week" or "1 month" or "ytd" settings and you can make it look absolutely dog shit horrible. Charts are for stupid people to preach by, and smart people to guide themselves with.

Here, I did what you did with LEO, with Hive. In 3 months time and really less, it's dropped from over $1.20, to less than $0.40 and really that's being conservative as the bottom of the past 3 months is really something like $0.31 or so, meaning even further "losses" by your logic. At this point you shouldn't even be using Hive, because it's dropped so much now it must be worthless!

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^ It's pretty funny... because speaking of charts, it seems that most have the exact same pattern we're seeing with LEO before they really pop off after mass adoption. Huh, wonder how that's so curiously identical to the pattern of ETH? :) I'd suggest you stop trying to spread fear simply because you don't understand what you're talking about. It makes you look ignorant.

I pray that you and that other guy below don't have actual people trusting you with investments lol. You'll lose their entire bankrolls and blame the Crypto market and it's volatility. SMH. This has nothing to do with "image" it has to do with understanding the nature of financial beasts and the value of application in crypto and what has value and what does not. LEO has value and even if it saw prices of $0.0001 a piece, it still has application and purpose and the value lies there.


Hmm, noticing any trends in all of crypto? Oh yea, that they all have depreciated from higher highs than before. They all typically bounce back to higher highs than before and generally even if not, they have periods when they're spiking that they are still, yes, profitable even despite being majorly down. It all depends on when you get in. Compared to long ago, LEO is cheap now, yes. If you had LEO all that time though, you should've been earning unless you aren't bright and just let it sit. It's not a HODL currency, it's a functional token. It has value tagged to it inherently. It was meant to be used and for more to be produced. It may have been more expensive to buy LEO long ago, but you got more of the total overall stake when you did, now the user pool is majorly diluted, yes, but if you got in early you should have been able to make plenty over time having a larger stake than you would buying the same amount now. You only look to the short term and that's why you don't care to do research or look at things from different angles. You open up your little charts day to day and if you see trends you don't like, something is a "failure" and you write it off. It's why you haven't truly reached peak earning potential yet in your life, it's a wall, it's holding you back to think about things purely fiscally and measuring their value as their success or failure. These aren't stocks, these aren't investments in companies, these are investments in currencies and in ourselves. It's not business as usual, it's business abnormal and you can't use a digital scale to figure out the length of something. You need to use your ruler, you're using the wrong tool metaphorically.

LEO is doing no worse than all of crypto over time. Difference is, we haven't seen major spikes in it that often and in the scale of comparison to other assets it is still very young. It still has purpose, moreso than BTC even does. BTC is literally simply a currency. No smart contracts, no social media chained to it, nothing. Simply a currency, a ledger, and code to run it without a central institution. Even a token on a chain that's on a chain, is far more useful than simply a currency on a chain. All you look at crypto like is dollar signs and you're not even looking at it properly, but rather that if something is down over time, it's worthless or a "depreciating asset" and shouldn't be fucked with. Makes zero sense to live life thinking that way, but I suppose to each their own.

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If you're looking at LEO purely fiscally, then you should be trading on volatility, not HODLing to begin with. There's been plenty of opportunity week in and week out to make money on it even on it's downtrend. It's acting no differently than most crypto so you've made 0 valid points about it by mentioning it's price drop over time.

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^ Every single point highlighted was a chance to have made substantial gains. If you simply buy in @ $0.09, hold it, then sell now @ $0.05, you "lose." If you're smart, you don't buy all in all at once into anything ever and you buy fractionally over time and play the dips to your advantage.

Didn't read all of this but you can tell how passionate LEO lions are about their token thus proving it is a solid community no matter prices.

Rawr

Speak of the devil...

I was looking at your post just now and found something interesting, you have way more engagement on it than I do on mine yet the amount of views is only 1/5th of my post. Wonder if most of your readers come from hive.blog rather than peakd 🤔

Normally I'd have more views showing up on PeakD. First post since January. A lot of the folks I'd normally see around seem kind of quiet on chain. The post wasn't as entertaining. Maybe it's too long. Seems like a quiet day in general. Not sure what's going on. Would be nice to have an accurate view counter showing all views.

Looks like I need 4 more for a 100. Fuck I suck... lol!

You are being censored bro

I am?!?!? I better start writing my meltdown post.

Blurt censors you less from your 3 readers