Posts

RE: RE: How does Cub Finance add value to LEO?

avatar of @shortsegments
25
@shortsegments
·
·
0 views
·
3 min read

I agree with this line of reasoning based on my past experience. Specifically, when Leofinance first ventured off the Hive Blockchain, it created WLEO an ERC token and paired it with Ethereum on Uniswap. Then the Bull Market took Ethereums price from 120 to over 2000. WLEO, and LEO price went to 1 dollar from around 10 cents. It was an amazing time. It is entirely possible that when the next bull run hits, the pairing of WLEO to ETH, and BLEO to BNB will have a similar effect. I expect both ETH and BNB to rise in the next bull run, and I expect WLEO and BLEO to be taken along for the ride up. Incidentally, the PLEO-MATIC pairing may have the same effect on PLEO. In each ecosystem, a LEO substitute is paired with the gas token for that ecosystem; ETH, BNB and MATIC. These pairs create an equilibrium between the LEO substitute and that gas token, and the LEO bridge creates powerful arbitrage which balances the price between the three, so all see an increase it any see am=n increase, and the converse if true also.

This is just another reason I am so bullish about the LEO token. I understand why LEO investors feel like LEO has been ignored or allowed to wither on the vine, while Khal and team created Cubfinance, and Polycub on Binance and Polygon respectfully. The creation of Cub saw people selling their LEO to invest in Cubfinance, and the creation of PolyCub saw people selling there Cub and BLEO to invest in PolyCub. But additionally the bear market caused a huge 70% drop in the price of ETH, BNB and MATIC. We saw the effect of this equilibrium between ETH-WLEO and BNB-BLEO and the arbitrage between WLEO and BLEO drop the price of both WLEO and BLEO when the price of ETH and BNB fell, as well as the fall in the price of every other ALTCOIN as people fled altcoins and ecchanged their altcoins into stablecoins, like they do every bear market.

The truly crazy thing is that after you exit altcoins and move your profits into stables, yiu need to guess the bottom, and then move your money back into altcoins from stables to get the maximal amount of profit, and increase your altcoin power for the next bullrun.

For example, you amassed 1000 LEO in the last bull run, and yiu didn't exit at 1.20 per LEO, but instead exited at a dollar, then waited until now, LEO at 5 cents to re-enter. It seems crazy to buy at 5 cents, but buying now gives you 20,000 LEO headinging into the next bull market. And your vote will be 20 times as big.

This is the true reward of the cryptocurrency game, playing the long game, selling near the high, and buying near the low, grind more tokens, rinse and repeat.

Its the long game of bull and bear markets and it's the importance of picking tokens with strong communities, strong leadership, and lots of both leaders and community members who are committed to the token longterm.

Bitcoin has been pronounced dead around 10 times, and has only had about 5-6 bull and bear markets. Those who played the long game are rich now. They picked the rif=ght token, the right leadership and the right community. Ethereum similar story.

Cryptocurrency is hard to fanthom, and hard to time, as many who knew this would happen still didn't exit altcoins soon enough and are still waiting on the sidelines with their cash in stables, or rode an altcoin to the bottom, and don't have cash to re-enter now.

Don't interpret this as directions, nor take this as advice. But instead read this as my journey, and my version of the history of the cryptocurrrency coins with strong communities and steady leadership.

This my interpretation or my point of view, of Bitcoin, Ethereum, and XRP, not exclusively, but just to name a few. Some would add Hive to this list, as Hive went from 5 cents to 2? dollars, and now to 50 cents.

Strong leadership, constant development, loyal community, widespread belief in the future of the token based on development and utility. This is what I have learned are markers of value and the ability to recover from current historical price lows and exceed previous price highs.

Posted Using LeoFinance Beta