Sometimes when everything is going good its hard to imagine things turning around
That is why a lot of people might have a streak of luck playing blackjack at the casino, win after win, and after every win everyone shouts and gets excited
No chance of losing right? Wrong, things can turn around REAL fast
Now, investing and speculating isn't always the same as gambling
In Leo's case it was more like a new reality was setting in and those who quickly positioned themselves were handsomely rewarded
Just imagine someone who took a break from Leo and hive for 2 months to come back and see this pic at the top
"How is Leo DOWN 10 percent to 19.1 cents, wasn't this just 1.8 cents?"
Yes, it was, after a dip from 26 cents we are sitting over 10x from where we were "just the other day"
But HBD is down to 93.3 cents
Not sure if there is an API issue showing the wrong price or if HBD is actually under 94 cents
If you believe in HBD, then this should be the easiest move to buy 94 cent hbd and hold onto it to a $1 and above
Hive is Hive and will keep doing Hive things until something changes
Like how LEO changed and it went sky high surpassing hive even for a bit
The change in Leo is the new reality though. Whoever sells their LEO is having a small LEO bag. Dumpers depleting their coins is huge
Hive is public, you can see someone's wallet. For the most part assuming everyone trades from within their main account, you can see who is selling and speculate if they will continue to sell or not and maybe even make your investing decisions based on the behaviours of some of these whales
Here is an example, there was a whale in the pulsechain community who had billions of PLSX and millions of HEX
when people took noticed of his address dumping a lot of people starting making content based on this whale
Every time he would sell and cause a red candle there would be people posting, tracking the activity.
Guess what happened when he ran out of PLSX? it pumped HARD
Guess what happened when he sold all his liquid HEX? it pumped HARD
Same thing will happen here
If I had hundreds of thousands of LEO and you can SEE me chipping away at the chart selling into it, you might decide to wait until I crash the price some more for you so you can get a better entry
Be careful doing this though, you might find yourself getting tricked by this sort of wallet watching
In this case I don't really care who is dumping or when they will be out. The hive blockchain with its free transactions allows me to DCA into Leo literally anytime I want within seconds
Even if I have 2 bucks or 20 cents I can buy my way in at any time I want which is one of my favourite things about Hive
Is Leo the most successful token on Hive? anything else out there doing anything remotely close to what LEO is doing?