So my Hive powerdown completed a while back...

Damn why's my wallet worth $2000 less! This bleeding is brutal; really thought we were gonna hold 20 cent support this time around. That'll teach me to underestimate Hive volatility for the 100th time.

On a more positive note, I've finally gotten over having 6 digits powered up. It's good to have liquid funds even if it's just a single powerdown. I don't know what I can do with it considering I believe Hive to be EXTREMELY undervalued at the moment.

That being said I'm personally EXTREMELY overextended. Bought too much Hive; bought too much LEO. Luckily LEO is holding strong, and I have reason to believe it will continue to do so.

I'm in dire need of balancing my holdings back to normal.
Need more BTC. Need more ETH. Hopefully Q4 is good to me.

I still think that Bitcoin will go x2 and Ethereum will go x3 to x4 during the next 3 months. If Ethereum does indeed make huge moves, it will take LEO along for the ride. No one is looking to sell LEO at the moment, and those who do will find that their stake is a drop in the liquidity bucket.

LEO is having a very hard time even getting up to the 800k coin mark on the Uniswap pool. Makes a lot of sense considering we only have 5M coins total. Truth be told, those 778k coins represent a huge percentage of the network (~15%). There simply aren't any more coins to buy. This is it, and it's currently backed by 544 Ethereum. I expect more Ethereum will enter the pool despite its dollar value rising. Good stuff.

the-time-has-come-wrapped-leo-is-now-trading-on-ethereum

Has it been 2 weeks already?

Looks like we should be receiving the first leg of the 300k Uniswap liquidity bounty tomorrow. Will it dilute the price? Not sure. If everyone sells half to farm more of the bounty it will drop a little. Personally I think I'm going to power it up or just leave it liquid... I could use some more liquid LEO laying around just in case there is an arbitrage opportunity on the HiveEngine market (which has been the case with Hive crashing, unfortunately).

Conclusion

I really need to snap out of blogging about LEO 99% of the time these days.
Hype fades, fundamentals and education persist. Eyes on the prize.

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