I feel a little ashamed...

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If you know how to read the chart above, my hats off to you. Even after three plus years in the crypto space, I still don't really understand a lot of it. I pretty much know green good, red bad and that is the extent of my chart reading skills.

I guarantee I have probably lost countless dollars over the years simply because I didn't know how to read the chart and I was more interested in making that quick buy or sell. I likely sold for way less than I should have or bought for much more than I should have simply because I didn't read the chart.

That isn't what I am ashamed of though...

If you were to take a look at the buy and sell orders on Hive-Engine, you would likely notice that some jerk is trying to sell 3150 LEO. How dare they! That almost seems a bit sacrilegious given the popularity and utility both present and future of the Leo token.

Well, in case you haven't guessed it, that jerk is me. In fact, I actually sold more than that, but like I said, I am horrible at reading the charts/numbers, so I already sold about 300 Hive worth of Leo for only about 0.21 which means someone(s) got a really great deal (in my opinion).

You might be thinking, you shouldn't feel guilty about that. It is your tokens and your stake to do whatever you want with. I appreciate that, but I still feel a bit bad nonetheless.

If it gives me a small amount of redemption, I did hold 580 or so LEO back and power that up to get my account to a nice even number of 8000 LEO staked.

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I also feel a little ashamed because I once again got sidetracked. You see, I had some ETH that I wanted to move into a stable coin. My stable coin of choice right now just happens to be HBD. The plan was to swap the ETH to WLEO, then unwrap the WLEO to LEO, trade the LEO to Hive, and then use the Hive to buy HBD.

I really hate having to take convoluted paths from one token to the other like that because I know I am going to lose a lot of my initial investment due to slippage. Unfortunately, I don't know of any other paths at this point.

Also unfortunately, my WLEO got held up during the whole period a week or so ago when unwraps were all gummed up. Had my unwrap happened immediately, I likely would have move the funds right into HBD and never thought twice about it.

However, now that I had to wait two weeks for my LEO to show up, it gave me time to consider other options (distractions). I took some of the LEO and moved it into HIVE and then put it in a diesel pool with DEC so I can hopefully earn some more SPS. With Chaos Legion packs around the corner, I want to be able to get as many vouchers as possible.

It's scary how distracted I can get when I end up with so much spare time on my hands. Now I sit and wait for my sell order to go through and likely I will come up with any number of other ways to spend my yet to be acquired Hive. Ways that are not HBD.


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9 comments
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Lol I don’t meddle with TA either, I don’t understand it, I stick to Fundamentals, if fundamentals are strong, it will give the same result as TA and I guess it’s been working for me.

Ha! If your time on the diesel pool goes well, who knows if you’d just buy back another 5k Leo. Time will tell. Best of luck

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Yeah, that is a good point about the diesel pools I don't have much liquidity in it right now, so I don't think I am going to be making too much money. I am glad I am the only one who doesn't bother with the charts.

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(Edited)

You sure have picked the most terrible time to do this move. I remember the craze when people were paying 3 HIVE for 1 LEO, hoping to get the Project Blank airdrop, which hasn't happened yet. Then they have converted back their LEO, when it was worth only 1.5 HIVE or so. Now you get 0.21 for 1 LEO.

This is the time to buy LEO using HIVE as the conversion rate is great. The chart clearly shows that. However, if you have to, then you have to.

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Yeah, I know. I didn't have the spare ETH back then though. It seems I never have the funds I need at the opportune time and then waiting can cost you even more. It was free money, so I don't really mind too much, but I still wish I had been able to do a little better.

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I have been in and out of the @leomarkettalk and we discussed taking profits on a few tokens like POB (like sell half and stake half). I was going to do that but I decided against it because you should be selling when prices are high and building when prices are low.

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I stopped when the price started to swing back to the levels we are seeing now. I stake all of my PoB now.

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Splinterlands has been a great investment. I am stacking SPS, DEC like crazy. It’s nice to make a few hundred dollars a day just staking SPS.


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Yeah, I have been doing the same. I put some money in the hive/DEC tribal dex pool too.

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