Did you see this thread from @dagger212 today?
“Another day, another chunk of LEO locked up forever, another piece we don't have to worry about selling as the price goes higher. Just keep whittling away. The diamond paws will win out eventually. It's math.”
Damn, that last sentence really hits.
Here are some of my thoughts to add to the discussion.
A new baseline has to form
With LEO now being deflationary and consistent revenue from multiple streams being used to continuously buy and lock up LEO from the market, a baseline price MUST be found.
I know, I know, following the pump to 1:1 with HIVE, we still have a ton of old Hive accounts dumping their accumulated LEO.
They have no understanding of it, let alone an interest in learning about LEO 2.0 and are just happy to get anything from what they see as dust earnings alongside their HIVE (lol).
With the price sliding, the sell pressure is obviously outweighing our revenue-driven buying right now, but that isn’t going to last.
The well will run dry and a baseline price will be found.
It’s math.
The flywheel is only going to spin faster
All this sell pressure on LEO is a temporary variable in a long-term equation.
As the LSTR ecosystem alone keeps maturing, revenue streams will only increase.
The flywheel is spinning slowly for now but it’s only going to get faster.
And when that flywheel really kicks in, LEO is only going to go up.
Is it hitting you yet?
It’s math.
Best of probabilities to you.
Dane.
Posted Using INLEO