Why I Think $1 Leo Can Wait
I was reading @acesontop's post about a $1 Leo and how quickly we can get there as obviously some of you want to get there tomorrow. I just don't get the urgency as the Leo team clearly knows what they are doing and I believe at some point it will get there and way beyond. I am hoping for a gradual climb with an increase of new members creating demand and increasing the ad revenue.
Just think for a minute if you are staking and growing your Leo where is the benefit of a $1 Leo right now unless your only thought is too sell. Price is irrelevant if you are thinking long term as it should not bug you. A $1 Leo will clearly affect how many Leo are burnt on the advertising revenue received each month. I accept more interest will be sparked by the numbers of people on Leo increasing by a higher valued token but will there be 5 x the numbers as the ad revenue needs to increase 5 x to maintain todays burn rate if we hit $1 . You can't have the best of both worlds and something has to give. Leo has just under 900 active users so we would need close to 5000 to maintain the current burn rate levels.
Leo is developing at a fast rate already with new things being added what seems like weekly and to be frank way quicker than what Hive is doing if we had to compare. The schedule for posting was added today after it was mentioned 2 or 3 days ago. Hive was at $1 earlier this year and it will bounce back and Leo will surpass that at some point I am certain of that. Where Leo was and is now price wise is already decent growth and slowly adding is sustainable growth. Ask yourself is Leo stronger this month than last month and the answer is yes so where is the urgency?
For me trying to understand the rush can only be for selling purposes and get that to a point, but surely Leo is too young to expect that type of sell pressure right now. Any business you have to give it time to develop and mature before you start to consider to take profits as if everyone thought like that it would take backward steps. I doubt that will happen though as a majority here are serious about having a future long term and short term gains are great, but nothing compared to the possibilities if what lies ahead.
If I was a big stakeholder I would want to protect my investment as selling off at certain prices would send alarm bells ringing. I stopped supporting sellers on Sports tokens months ago as it is suicidal supporting members who sell regularly dropping the price in the process.
Posted Using LeoFinance Beta
