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RE: Bought 8000 LEO, then 1100 LEO and STAKED! What's Next?

in #crypto5 years ago

What would you do?

I would buy more LEO! I think anything under 24 cents is definitely a good buy, anything above that, for me, becomes questionable. Although, the 24 cents is still good purchase-wise in my eyes, as I am considering the long-term benefits gained from that investment of LEO. (Curation, inflation, etc.)

I think it really becomes a question of "Where do I personally see the bottom?" and "If it were to hit that bottom, would I leave? Or would I continue to still try to earn this/participate here in this community?"

Also, there's the concept that you're going to be earning steem in addition to the LEO you're earning, as they are layered on top of one another (essentially). That beckons the easiest question of them all. "How hard is it for me really, to put that tag and make some of my posts relevant to that topic?"

I think there are many many many many things to consider when you're investing in just about anything.

From my perspective, the real question is:
"Can you assume the worst could and very well might happen, and then from that baseline, still make it worth your time/money to be/stay invested?"

I've never really invested beyond crypto. Even then, I've been super conservative. Maybe I'm not the right person to be talking, but I feel that this could truly apply to any aspect of investing.
Foresight mixed with some Intuition and a little bit of Luck can go a long way.

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Timing is definitely another factor! :)

Forgot to mention that, I meant to put the quote. It was good advice and I feel that the timing for getting LEO is optimal, as some are still on the fence about investing, but if we take initiative early on, the price can potentially rise and we will be beginning to earn more LEO from our stake, before the others do. I think there's some legitimacy to most's skepticism, as good things in crypto a lot of the time turn out too good to be true... but I have faith these will succeed.

Great insight and learning about investment @lookplz.

Very well analyzed, friend. It would be helpful for the decision making and building strategies about other tokens/crypto as well.

Have a nice day

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