I respect TA
I respect being able to spot trends and make moves based on this
There is more to it than simply drawing lines
Those lines that you think anyone with a ruler can draw is actually making people a lot of money
Yes of course a lot of money is lost too but sometimes something happens, something changes and markets suddenly break all the rules of TA
Seems like anytime Trump talks markets move heavily either down up or down haha
But sometimes when the rules change then when things play out you see how the new reality needs to be re-evaluated
Hive is a coin I like very much, but it is an inflationary token. That inflation is getting smaller and smaller but not but much and over a longer period of time
I am not even sure what the schedule looks like, anyone able to share? Does it goes down until a certain threshold? Would be nice to introduce deflationary metrics to Hive
Leo did this
Leo hit 30,000,000 supply and then stopped the printing press. Closed the faucet, and now the game has changed
The Leo being paid out to curators, posters and delegators must be bought off the market
Leo being an illiquid token, anytime any meaningful amount of money presses the buy button on LEO, it makes a noticeable price jump
If someone with a lot of money decides to market but $200,000 in $10,000 chunks, it will be NOTICEABLE to a degree all of us will be here posting about it
Well this is the new reality. The new reality is most of the income being made on LEO is going into buying more LEO off the market to either burn or put into LP
So why does the price go down some days? Well, people still might want some money here and there. So when you sell into an illiquid market you will see the dip on the chart
It becomes a game of hot potato..
The different is whoever holds on longer will get the most
What will happen though is people will stop thinking "I missed it" and realize that this is the new reality. The price of LEO should in theory keep going up until someone decides they want to sell some. But that just allows the system to buy up your Leo to give to someone else.
The recycling of funds has the potential to have everyone happy to participate assuming all the metrics continue to grow and have a solid base for when things cool down after a nice blow off top.
The Lion's Roar will soon be heard by more and more