Posts

Buy, Stake, Buy Stake, Repeat

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@belemo
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My journey to page 1 of Leo rich list started off on a good note last month. I started the month around 1k Leo power and then powered all the way up to 1500 Leo. This month, I challenged myself again to reach that target of staking 500 Leo and after purchase on hive Engine, I'm already at 1864 Leo staked.

The next step is getting to 2k Leo power and this one will be achieved through blogging. It will be nice to know if I can actually reach this target through post rewards. Do I earn up to 136 Leo per month? I probably do or maybe I don't, I don't know for sure.

Outside Leo, I was considering making Cub purchases but with my operations currently printing like 18 Cubs per day, I might not actually have to.

The price of cub has tumbled lately and that's mostly due to the way the market generally is. I've noticed that Cub's price mirrors the general feeling in the market. I'm not sure if this is good or bad but at least it is plugged into the system.

However, I suspect Leo and Cub are going to see considerable positive movement when the Leo bridge on cub comes into full active use. The fees generated from the use of the bridge will be used to burn Cub and Bleo, thereby reducing supply and pumping them.

Assuming Bleo pumps faster than the other versions of Leo(wrapped Leo on Ethereum or Leo on Hive), it is very likely that there will be arbitrage opportunities between the token. Taking advantage of this opportunity will be a nice way to scalp quick profits along the way.

Posted Using LeoFinance Beta