Buying more Leo during the dip

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Buying the dip is a lot simpler when you earn in fiat. In that case, you simply just take that money and throw it into your favourite project. Most often than not, you can't go wrong, especially if the fiat is as useless and depressing as the Naira.

For people like me, who live entirely off crypto earnings, buying the dip is a bit of a mental challenge. This is because "the dip" also affects your base coin of operation, and so, you have to decide which dip least affects you.

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In my case, I've decided to use Hive(swap.hive) as my base of operation and will be using it as the base token to purchase more Leo in the Dex.

As I've often said, the dollar valuation of Leo doesn't bother me. I'm more focused on the price of the token relative to Hive. Anything lower than 3Hive per Leo is a steal, especially with incoming airdrops and new Dapps that will be rolling out in the coming weeks.

Yesterday, the price of Hive moved considerably against the grain. Despite the entire market crypto space being in correction mode, we found Hive running p to 42 cents range. The pump didn't seem organic but who cares? It's not illegal and we're winning, that's all that matters to me.

I tried to get in quick cheap Leo buy orders at that price of Hive but no one took the bait. My 1.5Hive per Leo order was totally ignored and to be completely honest, I wasn't overly surprised because I'd never sell my Leo for that cheap, so I doubt anybody will.

I'm strategizing a new plan to get more Leo but the general theme will be to use as much as I can within the system. I bought into some Hive-engine coins that, quite frankly, had no purpose and so, I've decided to pull them out and just focus on the two or three front-ends. There's no point in holding all these coins, especially when the project doesn't really speak to me from an emotional point of view and to make matters worse, there's almost zero demand.

I can't say for sure when things will be kicking into gear on Leo, but I reckon it won't be too far away anymore. I'm going to patiently try to capitalise on the impending move now that Leo is still cheap, and of course, hope for the best afterwards.




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9 comments
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Yeah the price increase in Hive really made the hive engine tokens go on a firesale by comparison! Good time to load up on those projects you always wanted!

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Especially Leo and DEC. Most other hive-engine coins hang on the curtails of Hive.

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did you finally manage to get some Leo in the dip, or through the pump of Hive?
how much is Naira now? my country fiat is sucks also, been the victim of 1998 crisis and never manage to recover fully

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Very optimistic going for 1.50.

Buy orders at 1.80 have been getting soaked up though and like you said, anything below 3 is probably a steal.

If you want more LEO, don't stress over price down here and just buy it.

In a years time you won't care if you paid 20c more, but you will care if you didn't fill the bags you wanted to.

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Fuck yeah. I eventually got it for 2Hive per Leo. I'm picking up tiny bits and pieces from other Hive-engine shitcoins.

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