Thoughts on Capitalizing on Networks Financial Gains
The capitalist in me should be making me more money than I presently am, with the amount of friends in my social network who've made money out of my solicited financial advice, taking a cut from the percentage of their profit should put my finances in a better place.
I mean Isn't this what fund managers do? however though, I'm rather more interested in them embracing the technology than fending off their profit, the more the merrier.
Sadly, most don't care about the tech as should as long as money is being made, and for me, talking about these things is something I enjoy, you can tell from my posts, I'll gladly dish out all there is know as long as you're interested.
Certainly there's nothing exactly bad with being only interested in making profit, some people just don't have the time to dabble in the fundamentals, I think the financial world refers to them as angel investors?
But there's a caveat to it. For example, this friend of mine contacted me a couple of months ago, we got talking about investment opportunities and I told him about Leofinance, he was willing to go long term so I conveniently shared my opinion about the project with him, he ended up buying up about 1200 leo tokens at 0.12$...
Few days ago, I messaged him on twitter and told him to check his wallet, I could almost hear him scream from his reply...
This is what his wallet looks like presently. @trillex
He's made over a 100% profit. To be honest the feeling was elating even to me, but back to what I was talking about, the caveat to his passive involvement in the project is that he could have earned more if he were active, powered up his tokens and had been curating and engaging within the community.
So for me, when my friends or anyone asks me for investment advice, after laying out the disclaimer ofcourse, I go on to tell them exactly what I do, so its left to them to follow my steps or try to. I remember telling someone else about steem just before the fork, he bought some steem and got double his investment from Hive airdrop. Hehe perhaps that was only a lucky call, but I've seen this happen time and time again.
Anyway, maybe through the profits they make, their interests in participating actively within the platform will be sparked, that is my original desire, to see my friends flourish albeit through my advice, and when it comes to loosing money, well, I hope we never get to that.
So I've been hearing some rumour that Leo tokens are becoming too expensive! And people might refrain from buying, well I think thats just ridiculous, value drives value, ask Bitcoin! Though I understand where such rumour is coming from, the fact that the token isnt yet properly distributed into many hands and few whales can control the movement of the token.
Well, the good thing about it is that there was no unfair advantage at any point and no one has the power to tell who or when to sell off their holdings, luckily for Leo, such whales who wield such power are strong hands, and are actively making effort every single day to distribute the token through curating quality content.
As regards buying of the token if its too expensive, first of all, what is too expensive? 0.4$ leo? 2$leo? 10$leo? As long as it is a working product and there is genuine demand for the token, it has been cursed to rise based on its low supply, anyone who realises this has only found a gem and any smart person will take it up at any price because of law of demand and supply and the ability to generate value with it.
Leo is not Bitcoin, but it is sure as valuable if the community that holds it feels so and acts accordingly, the truth is that this project is barely just taking off, so there is still so much to happen price wise and development wise, and someone is telling me people will refrain from buying it if its too expensive.
Funny isn't it? Or perhaps I'm biased because I'm invested in it, but I bought Steem at 6$, because I wanted to partake in curation rewards, Leofinance offers much more and someone thinks people won't buy leo tokens at $3, oh please speak for yourself, no matter what you feel, value will attract value, as long as Leofinance remains a valuable project, the token will be demanded for and value will continue to trickle in. Thats my piece of mind.
Thank you for reading. Cheers.
How much is Tesla stock? What do people do with it beside hold it? Goshh! Some rumours thoππππππ
Want to join Hive through my Ref Link and let me walk you through starting up? Click the image below.
Posted Using LeoFinance Beta
