I think the idea behind LEO is what makes it timeless. Here you sit, talking about business and $ figures, and that all has direct and undeniable relevancy to LEO. LEO is all about finance, investment, and capital gains and moves. The fact that any currency is tagged to anything at all on a blockchain, means that LEO itself is intrinsic to Hive as a whole. It's a piece of the whole puzzle, that without it isn't complete. That's how I view LEO when it comes to the long term and what will stay relevant and what won't. We all have our perspectives though and I'm not saying mine is necessarily right, but it's based in logic and reason and a willingness to accept the future is going a certain way and I'm merely along for the ride and must adapt to ever-changing environments physically, mentally, emotionally, and yes, financially. :P
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Well. My logic is that I bought 13,000 Leo Miners, and 45,000 Leo. They were worth $150,000 at one point. Now they are barely worth $5,000 altogether. I can't honestly see more truer logic than that. Why does no-one talk about the epic losses of Leo?
The "Epic losses" of LEO are no more "epic" than the losses of BTC, ETH, DOGE, HIVE, STEEM, TRX, Etc... Delusion is what makes you think they are any different. Why does no one talk about the fact that you could buy in for $0.21/ea back last year, and then you could have sold for double your fucking money the next month? Hmm? Why don't you talk about that?
Oh, because you look at it like something that should have raised in value by this point and since it hasn't, you've taken "losses." You fail to mention how much LEO those miners and the LEO you bought earned you. Did you not stake it? Did you not vote any? Did you not post with the LEO tag? If so, then your stake not growing over time was your own fault, not the markets. If you didn't sell off when they were so high, you chose to stay in for the "losses." That's on you... lol
The timeframe of when a crypto did what means very little if you're actually in it to win it. Sometimes it takes years. If you sell your shit now, yes, you take losses. If you hold on, how do you know it won't be worth $1million where it used to be worth $150k, but went down below $5k, so you sold because you "lost." What if we're a little more conservative and just say it manages to reach back to $150k? Then you've gotten the $150k you speak of and then how much did you earn actually applying the asset? How much did the miners earn you in LEO over time? It seems you are blinded by fear that it won't ever reach that again, so you're looking to pull out. That's why most people go broke in Crypto. Fear is a hell of a motivator.
Hive is now only worth a fraction of what it was at one point. Should you stop using it and earning it and investing in it? Does that make logical sense? Or does the idea behind the currency mean enough to you value-wise, to stick around even though it's a fraction of it's past value? Should you quit posting and voting simply because you bought in @ $2.00/ea and bought 100 Hive and now someone could buy your 100 Hive for less than $20 or around that? The points you make about LEO are points that would entail all other crypto being worthless money sinks. This flawed logic makes no reasonable sense. lol
Let me guess its not about price it's about building
One thing I have to do is fiercely protect my investors, and if that means a big unpopular dump then so be it. It might not be about image for everyone else, because soon™ and all that jazz, but I roll with the times you know :)
not relevant to the discussion here but what an unfortunate username you continue using :p