The Only Problem With The Secondary Tokens

This is a post I have been meaning to write for some time and today's dump with CTP gave me the perfect excuse to write it. The price has since recovered, but I don't believe it should ever come to this. You don't ever dump on a community you are earning from as that is clearly wrong. Sell some by all means, but taking it to 0 is just not right. If everyone had that mindset there would be no tribes except a few and we are talking possibly only a handful.

I noticed this morning looking at my Leodex wallet that my CTP token value has simply vanished. It was never huge, but the 10 500 CTP staked was worth something and not the $0.15c it reflects currently.

There are a handful that hold their value like Leo, Bro and Utopis as they are operated slightly differently. Leo has more than 1 use case and more importantly has an active community. At some point I do expect the value to increase just by the team constantly developing and expanding growing the community.

SEED is a major exception to the rule as it is an investment in @empoderat and what he does best. He is known for his trading genius mainly outside of the Hive ecosystem and that investment has literally done a 4 x since launching. I wouldn't be shocked to see this hit 10 x once the Bulls are back in town and 10 x is being reserved as the more value the more Empo has to play with.

All the others don't hold that much monetary value and I see this as more of a support to the community for holding the stake. That value is totally different to monetary and is actually more important to the entire Hive eco system. I see it as more of an investment into that community and being part of something far greater than a monetary value. That is the place where you spend your time and is like a second home and you cannot put a price on that.

In many cases it is not hard to become a whale, but that is also a catch 22 as if you sell there is not enough liquidity and guess that is what happened with CTP. For example my sports stake would take
years to sell and not something I would ever consider doing as it would taken everyone's bags down to 0. Sports means far more than that and why if I sell any it would be small bits at a time and nothing major.

The value is not in the stake you hold, but the community you support and that is how I believe we have to think when growing our community token bags. I wouldn't join a community just because a token value is worth more as the important thing is that you are interested in that subject whether it is sport or something else. I don't think you will ever get rich from 99% of the community tokens, but it is an extra reward over and above the Hive you earn.

I do think too many users put too much emphasis on the community tokens through selling pressure instead of supporting the community that supports you. Dumping the tokens daily or weekly is milking the community of the value they provide and is doing no one any favors. Give those tokens a chance and hold onto them even if they end up at 0 as the community gives you way more value via Hive rewards.Last November I had around $25K in value in Leodex, but that is only on paper as that doesn't mean there is liquid to actually sell them.

Who knows when there are hundreds of thousands of users the liquidity may be there and that is what I am banking on as this is long term and not for now.

Posted Using LeoFinance ^Beta