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Tradeplan let's make a simple one

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Gogreenbuddy
@gogreenbuddy
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So in my Last Article, this smartass said I make a trade plan for everything blabla. I got a tiny loophole though if I invest 100$ I'm not going to read the white paper or do a complete drill down. So let's start digging.

Simple Tradeplan:

What do I want to buy? Let's say it's the token INDEX. Their own site is he-index where they explain what they do blabla.

Why do I want to buy it? I saw the price dropped, don't know if I want to buy it yet.

Tokenomics -hive engine says 83k tokens , their own site says 74k. not a huge gap fine with me. -Richlist, i see familiar names that's good. -I see the account is active and regularly balancing the index https://he.dtools.dev/@he-index

Who is behind https://peakd.com/@he-index ? I actually got no clue :)

Will it outperform? Probably not as an index tends to be the average performance of a market. also, it's an index of hive tribes so gotta be positive about the hive price.

Technical analysis
The average daily volume is like 20$ so not a token where we can throw thousands of $ in. Gotta slowly buy without blowing up the price. Also with a low volume Technical Analysis is a bit pointless, but the token was for a long time around 1 hive and currently much less, it looks like it bottomed out...

Buy anything between 0.2-0.4 range and sell around 1+ hive seems reasonable. The current price is a big plus.

So now I got a warm fussy feeling what makes it a good time to be a complete negative grinch.

The estimated value of holdings is 12000$ according to the website. **let's say there are roughly 80.000 tokens times 0.25 cents = 20.000$.

Let's turn this around 12.000/ 80.000 = is 15ish cents, but the token costs at least 20 cents. The reaction of my internal advisor is captured below.

Additional Negatives:

  1. Is it really an index? 86% of the holdings are LEO & DEC can just as well buy those 2.
  2. Rewards Payout Structure 80% - Paid out to INDEX holders based on the percentage of their holdings 10% - Used to purchase miners to increase rewards in time 10% - Admin Usage

10% isn't much but why would I lose 10% of the reward if the index is basically 2 tokens.

SO all in all I'm out because I can't calculate why the price is much higher than the holdings of the index. It's a great project though and there were times this index was a good buy just at the current price it's a mweh.

Tell me below why I'm wrong:) Tell me below why I'm wrong:) Tell me below why I'm wrong:) Tell me below why I'm wrong:)

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