Bought ORO Today to Buy Gold Tomorrow (or maybe not)

LeoFinance
1 month ago
(edited)
3 Min Read
683 Words

Today I got an early paycheck from the place I am working at so I decided to do some shopping. As it is a lockdown in Latvia and only grocery shops are open, I couldn't go on a Christmas shopping spree. And I love it because I don't have to spend money on physical things! I can buy crypto because the shops are open 24/7. Except when Bitcoin reaches an all-time high, then some exchanges crash.

Luckily for me, I used Uniswap to do my shopping. And I bought the ORO! Here's a CoinGecko link.

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Check it out for yourself on https://opendefi.finance/

Why did I buy it? First of all, the market cap is really low for a coin that already has a working app. Right now the ORO market cap is $994,753 which is a drop in the ocean of crypto Market Cap which is $657,581,034,377 at the time I am writing this article.

Secondly, if I'm learning something about charts, then it looks like ORO has bottomed out and is ready for the bull-run. I may be completely wrong and if you're wiser than me, express your view in the comment section of this post.

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Thirdly, ORO has an OroPocket app where you can buy digital gold and silver and in the future, you'll be able to buy other real-world assets, stocks, as an example. Right now, the only way to buy gold and silver is by using credit card deposits. They also for your name, phone number, address, and so on. I haven't tried buying yet because I saw that this will be possible:

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I couldn't find an option in the app where I can do this, it's probably still in development but I think it's cool. If they come to a point where you can buy stocks, gold, silver, and other assets using crypto, they could rocket. But at the same time, they could also rug-pull. At least the team is not anonymous so there's a little bit of trust factor.

A little excerpt from OpenDeFi ''whitepaper'':

We are introducing Open Finance, a fintech protocol that enables custody of real-world assets on blockchains and enables developers to build applications on top of it. Being open in nature this protocol allows seamless integration of other on-chain apps, and can enable multiple chains to cross-share the asset classes.

And last but not least, this is an invitation link to OroPocket app where you can buy gold and silver. If you use my invitation, you're getting 1mg of gold. Is it worth it? I don't know but I guess we'll see in the future.

oroapp.jpeg
This is how the app looks for me. Switched to the dark mode immediately!

Me, personally, I'm not buying anything with my credit card, only if my crypto.com card arrives (another referral link) but even then I will probably think twice before doing it. As my assets are limited, I'm going in crypto to either get to the moon or get rekt. It's only my opinion and there are probably many people who want to buy gold and other asset stuff - that's why I'm sharing this with everyone.

Yes, I bought ORO coins when I could have bought something else but I'm trying myself out in trading with no emotions attached. If I bought LEO or HIVE, I wouldn't be trading but simply powered-up (yes, I know it would have been a wise decision but I want to learn to trade, as I previously mentioned and the best way to learn something is by doing it).

As for the invitation link to Oro, and also crypto.com, they both go through my website where I'm short-linking my referral links so I can see statistics of how many clicks these links get. A boi has to make a living, right?

Thank you for reading!

And don't forget that this post is not investment advice.
Always #DYOR (do your own research) and invest only the money you can afford to lose.
Until the next time!
Truly yours, boi.

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Posted Using LeoFinance Beta