Are you taking profits?

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You are probably aware that the Leo token has seen a massive pump. Where it was previously trading for 0.15 hive, it is now trading for 0.6 to 0.7 hive per token. That is a 400% growth in a few weeks.

This is all due to the fact that tomorrow wrapped-leo will be created. This is an erc20 token on the Ethereum blockchain.

This week then be used to create a uniswap liquidity pool with both wLeo and ETH and potentially a lot of money can be made by the providers of the liquidity.

The guys involved are almost all traders, that have earned a lot from similar things involving Chainlink for instance.

Even though these guys know a lot about this and have a lot of trading experience, still many things can go wrong or just not that spectacularly well.

This can crash the Leo token back down to perhaps 0.15 hive again, or less.

This means that in my humble opinion, if you have some Leo, your should at least get some profit from this pump.

Sure, keep some of your Leo, because if they pull it off, then it will be glorious and you would want to be involved. But if the peak has already been reached, then you want to make sure that you bring home some profit.

What I’ve done is, I have unstaked half my Leo. I’ve sold about 10% at whatever price was available and set the rest in sell orders all the way up to 1 hive currently.

I have also already made some buy orders, to buy back in when the price crashes down. I don’t know if it will, but I like to be prepared.

The Leofinance project is not going to be worthless if this DeFi project isn’t going to work out. So I like to buy back in if it were to go down and I will still have some left if it does indeed go to the moon.

Be smart about this people. This is my opinion and you should do your own research. I would love to hear your thoughts though! Are you hodling, buying extra, taking profit?



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15 comments
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My goal is to have at least 1000 Leo staked.

Not gonna take profits until that happens. If that means I end up losing out on this pump then so be it.

Posted Using LeoFinance

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I understand that. And now that big whales are unstaking your curation rewards should go up.

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Like with other coins, I try to have separate wallets... One for long-term investing and the other for short-term and trading a bit...

Regarding LEO, I have "found" that I had some tokens on my forgotten account and that was a pleasant surprise... lol... Staked that part and set-up upvoting good posts, and curation rewards are coming each day...

The other part I have done as you said... Sell something, buy back a bit, a do the same... Tbh, I'm doing similar with the DEC token which has also an interesting moves lately... ;)

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Ah, that is nice indeed. To find that you have more than you thought. Nice.

I just do it with one wallet. I won’t sell everything, because I believe that Leofinance has a very good long term vision.

But I’m certainly cashing in some profits now.

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I've been setting 20 LEO sell orders at various price points a few have been filled so far so yes I am taking small profits but holding out most of it for what we see post wLEO launch

Posted Using LeoFinance Beta

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Yes I’ve been doing that with 10 Leo orders. I see my 0.8 hive per Leo order got filled.

I’m very curious if it will go past 1 hive today. Made one order for 2 hive per Leo. Just in case people go nuts.

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That's a pretty sweet order, I've been moving some of my returns into swap BTC since HIVE's value is on the down and BTC seems to be less movement, don't want to lose my LEO gains. I've placed some at 1, 1.1 and 1.2 if they get gobbled up then I'll move up like you who knows but hey take them profits while you can

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Hmm, that’s a good idea. I might do that as well.

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I am in it for the long term so I am not taking profits. I like @ph1102 idea of have 2 wallets, a ling term and a short term

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Yeah, well I basically have done that with one wallet. I am powering down half my stake and I will not sell the rest of it cheap.

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That you for the information. This is valuable to me, as I'm new to the crypto scene

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Well you’ve come at a very interesting moment. The Leo token has had a massive pump after their DeFi plans were announced. Tomorrow we will see if tonight’s launch was an absolute disaster or a raving success.

If you have any questions, then please ask. I might not give an answer within an hour, but usually within 24 hours I will get back to you.

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Not in Leo but sold huge chunk of DEC.(time will tell if it will be profitable deal or not.)

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Yeah, heard dec had a nice pump as well.

That’s why I usually don’t sell everything. Just in case the price goes higher.

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