RE: Bitcoin saw a huge spike in new addresses last week, possible precursor to bull run?
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I've made a note in my diary to check this in a month😉
I think Leo could go up longer term, because the development and marketing is impressive, but not in a month from now because it looks like it just pumped too hard
But here is my initial response to the content on Leofinance - it is filled with posts by people going on about their Hive "investments" - but they have bugger all in their wallets and are now talking about selling their Hive. Meanwhile the real Hive investors (whales) are not saying peep.
And it is also filled with new users doing very low quality posts. High traffic is not that great if it's a rush of low quality posting. Neither observation fills me with confidence. Any thoughts?
Why does "low quality" matter? What matters is the traffic. Not everyone can write a great blog post, nor should they be required to in order to be part of the community. This is where HIVE/STEEM continues to fail time and time again. Instead of catering towards the masses, they cater towards an extremely small subset of a community. LeoFinace is going to be open to anyone interested in finance related topics with the intention of rewards being slanted towards better content.
Regarding the LEO price... at the current price LEO is worth $1.3 million. HIVE is currently worth $45 million and many would argue that is a very low price for HIVE. In order for LEO just to be worth half of what HIVE is worth right now today, it would need to still go up roughly 20x. So, yes LEO is up a bit in the last several weeks, but it basically started from ground zero. It has plenty of room to run still and I don't see it pulling back much at all around these levels. At $2, it's still only worth $10 million total... less than 1/3rd of what HIVE is worth right now.
As far as the short term dip you are talking about... There is the 300k LEO bounty for LP providers that is going to payout for 90 days which is going to keep much of the current supply for selling anything for the next 90 days or so, which is a major reason why there will be no dip with in the next month like you are calling for.
From a purely investment point you are probably right...
But If I was investing Hive purely for the investment side of things I'd probably just stick more into Bitcoin, Etherium, and Monero, and leave my remaining Hive liquid. I'm mainly here for the content.
So when I look at Leofinance and see it's mostly rubbish posts, I have zero incentive to buy Leo tokens - I'd rather put more $ into cryptos like Monero that I'm picking as long term investments.
If Leo does well won't that help raise the value of Hive anyway?
You are here for the content? You don't need to invest in HIVE for the content...
Yes, but it it won't be on a 1 to 1 basis.
I mean to curate and encourage content I like