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The Deal With Trend Coins & Reasons Why Your LEOs Are Worth More Than It's $$$ Valuation

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@josediccus
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The Issue With Trend coins

I've tried to dissociate myself from trend coins because I'm probably a bad judge of character and I find it difficult to know the right time to throw in money into a coin. Trend coin for me are those coins that just pops out of nowhere, gaining attentions due to how price making crazy waves, they initially do not have much use case, and they're only relevant to fulfill some buyer's craze for uncontrollable wealth.

One thing with trend coin is that people often tell themselves that they're in it to raise capital for good coins, how it sells is just pure FOMO. A hears from B about one coin that's doing crazy numbers.

A jumps, put in a few dollars to take advantage, the trend continues, then the huge holders of the coin comes in dump millions of it and probably tank the price to an unrecognizable state and people are messed up, selling the little they have in others to get out with the remaining worth of dollar value that remains. 

Hype & Ephemerality

Because there are no project behind these coins, once the hype dies it struggles to stay alive, and here's a major reason why I try to stay away. Don't get me wrong, almost everyone gets sucked into the money.

When Shiba inu was doing those outrageous figures, I was beginning to calculate if I had probably thrown in like $200 I could be close to $5000 rich, the money makes it difficult for people to do their research, and it only took an audacious review from a lot of authors here on leofinance to make me snap out of it.

Soon enough, other Shiba series came. There surely would be people who would profit from those hype but then a lot of others who bought the hype would obviously suffer. 

....Of The Unknown

In crypto, timing matters a lot; one seconds less or more, and you're making profits or making losses, and I have always been very poor with timing. Most times I have always sold too early, but I usually have this conviction that since I'm taking profit and not losing, then I don't care if I'm maximizing my profits or is it just taking profits at only a minimal level.

Due to how poor I am with timing, in the past I have bought the hype as a result of pressure. This is what I'll call the pressure of the unknown there are situations where people are buying into a particular project, and you invest as well not because you truly want to, but because you just want to satisfy the pressure need.

This is me. Many people believe that the more projects they're associated with, the more the opportunity to actually win big, call it mitigating the risks, but then this is totally correct. 

Hive Could Use A Trend

Take a look at what El Salvador is doing with BTC, this would inspire many to buy in, not because they're knowledgeable about bitcoin but because they do not want to miss out on the next big thing when it comes to money.

The fear of missing out eventually comes in handy, especially when you know nothing about a coin or a project. Hive for example, could do with this trend, even excellently well because it is undervalued and because it will particularly meet the expectations of people if it's massively adopted.

That said, trend is relatively relevant when it comes to adoption. Lately gaming tokens have garnered massive attention due to how gaming seems to have been the trend with play2earn. However, only if stellar projects could have a sort of trend as well. 

.....5555 Leo's Club

Back to me, I have hit a bizarre figure of 5,555 staked Leo and I keep on powering every day. Leo as a token and as a project is massively underappreciated. Truth is, I do not calculate my token prices with the dollar valuation as a result of the constant ups and downs and also because I feel that they serve even more utility than the dollar value would actually showcase.

I'm imagining them at situation where they could be worth more, just like we're often envisaging resource credits being rather valuable in the future due to how it'll be needed badly to navigate the chain, basically it's why I don't buy into trend projects that sells through hype alone, plus I try to keep them pretty simple. All in all, I make up for my poor timing with my ability to make compact decisions regarding what to hold, boy or discard. 

Interested in some more of my works?

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A Sense Of Self Accountability: Why Minimalism Exceeds Beyond Spending Money.
A Taste Of You.... (POB WOTW) {An Original Poetry)
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My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers

@Josediccus, your brother-in-pen & heart

I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog

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