What’s up with the wLeo hype? IAAC-2
In my second I am alive challenge video, I like to explain a couple things about wLeo and the Ethereum blockchain.
The video is a bit more shaky than yesterday, but I believe the content is interesting enough to endure watching it 😉
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I had a look at the whole thing and I think I'm going to give it a miss since I don't have that much LEO to begin with and I'll much rather take the profits from the increased demand
To wrap leo costs like $6 at current gas fees so that's 45 LEO then to set your pairing is another 6 bucks or so so that's not a lot when I see people are earning around $0.50 in fees a day they can earn back their principle over time.
But As LEO price increases and their pairs are set they get less and less lEO so those holding the real token can profit from the need for more LEO, which is why I am just going to be a 3rd party supplier and take profits and keep moving up my sell orders
Posted Using LeoFinance Beta
That’s exactly what I’m doing. I’ve got sell orders all the way up to 2 hive per Leo now. With the next power down I’ll make that all the way up to 5 hive I think.
Just in case there are crazy spikes.
I also set buy orders for when the prices dip a little.
Yesterday I sold 10 Leo for 15 hive and then later bought them back for 8 hive 😋
That was a nice explanation of the difference between BTC and ETH... People don't know a lot of basics, so thanks for pointing that out...
And regarding LEO, we have already discussed about my point of view in some other comments :)
Yes, I might do a post or video about wLeo and why it isn’t as bad an idea as you might think.
I'm a happy LEO holder, staker, and curator... but, I wouldn't mind earning from wLEO also :)
True, I’ve heard first estimate of 16-18% roi based on the trading fees for liquidity providers.
Over time that will change probably, so who knows what will happen.
By the way, you can watch the price of wLeo now on Blockfolio 😎
I saw that... Already in my Blockfolio! :)