DYOR Before Investing

in LeoFinance20 days ago (edited)

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The most important thing BEFORE investing your money, time, work in anything is to DYOR (Do Your Own Research)... I have been wondering why is there an emphasis on the words "YOUR OWN", but I get it now... When you are doing your OWN research that means that you aren't blindly following someone's else research, or just follow the masses by FOMO into something... It means that you take your time, check DIFFERENT sources, compare reviews, researches, and then make YOUR OWN DECISION... It is crucial to do these steps BEFORE your invest your hard-earned money, as, in crypto (and not just crypto), days, hours, and even minutes can cost you a lot...

Here, on Liotes, we have limited income sources and finances for our future investments... We have a responsibility to our investors to bring them (you) value in the long-term, and we are building a kind of mutual trust... You should count on us that we will deliver what we have promised, and if we do, we can expect that you will maybe invest more and grow even more...

So, as we like to be transparent, we also like to educate our investors and the community in general... We are not here to take your money and run, but you have already probably noticed that... The project that we are creating together should be sustainable even if there are no new LENM sales, which is a bit different than other models out there... Even the global economy is based on "new sales", or new money printing, but we try to make ourselves independent... Liotes is far away from Earth and we can only rely on ourselves and each other...

In this video, we have presented you with one great tool that can help you in your Hive-Engine token research... The website is called Hive Engine Tools and it is created by Hive witness, @themarkymark...

There are a couple of useful options on the website, and I have described them inside the video, so don't forget to check it...

Disclaimer: This tool is great for BASIC research on certain tokens, their configuration, profitability, etc... The details that have been taken out from the blockchain are from the past (the period that you can configure) and they are real... But... Those details from the past don't mean that they will be the same in the future... All calculations are based on previous events, prices and they are just PREDICTIONS for the future...

If you want to make a deeper analysis of a certain token I would recommend additional research by checking history price charts for tokens and miners, a deeper look into miners configuration (details that you can see are for tribe tokens, not miners)... Also, the future mining and curation numbers depend on the amount of staked miners/tokens by others, too... So, it's not an isolated system...

Anyways, as I said, it's a great tool to check basic things and make some "pre-decision" of which tokens should you take a better look at...

Hive Engine Tools: https://hiveengine.usehive.com/


Liotes

A project run by @ph1102 and @achim03

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Thanks for the tool because I did not know about it before. I'll bookmark it so I can check it out later.

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You are welcome! I hope it will help you in your future research and investments... ;)

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Looks like themarkymark improved the tools set from the time I checked it a while ago. Nice presentation, Zoltan!

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Yes, he did improve... I remember checking this tool a month ago and it didn't have some of these options that it has atm...

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Cool tool, thanks for sharing it!

You are welcome! I hope it will help you in the research!

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Thanks for sharing this! It is very important to do your own research. That seems to be the mantra these days. Especially during the bull run! The tools that Marky created are really awesome. I haven't dug into them too much yet, but I read his posts about them when he introduced them. Great stuff!

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Thanks for the comment... And I know that DYOR sounds corny, and mantra, but if you check around our Hivers, you will notice that there is like 90% FOMO and 10% research between comments... During the bull run, FOMO flourishes, ripping money from naive and inexperienced people in crypto...

So, I find it important to continually educate people in the right direction...

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That is a very good point. It actually gives me some ideas for my next post that I need to ruminate on for a while! Thanks for that! I appreciate it :)

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Sounds awesome! Glad that our conversation led to an idea for the post!
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There has already been too much ENGAGE today.

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Good and useful resource for research tribes and HE tokens. I am sure I will change my view on some HE tokens I own. Thanks for sharing the resource. 💪😎

You are most welcome! The whole point of blockchain technology is transparency, and these tools help in understanding things in a simpler way... ;)

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That’s a really useful resource. Thanks for sharing. I’m bookmarking this for future use. !LUV1

You are welcome! We want to have smart, long-term investors, and sharing these useful tools should help in the learning process... ;)

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Hi @liotes, you were just shared some LUV thanks to @horstman5. Holding 10 LUV in your wallet enables you to give up to 3 LUV per day, for free. See the LUV in your wallet at https://hive-engine.com or learn about LUV at https://peakd.com/@luvshares