RE: LeoThread 2025-08-06 17:23
You are viewing a single comment's thread:
tonight i learned the hard lesson of providing liquidity. arb goes down on may for multiple weeks and prices change. arb comes back and the pool is rebalanced and My leo dropped from 44k leo to 15k leo.
I knew the risk but boy it stings.
0
0
0.000
I have no idea how to do any of this stuff. I can't even figure out how to get into leodex. I think that's why I still have my btc dust from 2013. Thank god I'm dumb. I just hold and hide under my bed
Reminds me of a Bible verse. Always felt the writer was just like me. 🤣
The LORD preserves the simple; when I was brought low, he saved me.
Psalms 1116:6
Yes.
Sooo many people would be happy with some "BTC dust from 2013" 😄.
[By the way, you could want to have a look at videos about Bitcoin's "coin control", to consolidate your UTXO's, as, in case BTC's price rises a lot, it's better to gather that dust, to stand on-chain fees that could make impossible later on transactions for very low sats amounts]
I have learned way too many lessons in just such a fashion. The worst part is that sometimes I have to learn them two or three times. 🤣
So I guess that this time around you just stick to HODLing your LEO & LSTR? 😋
LOL!! Probably. 🤣
We'll see. Discipline is not my strong suit. 😜
Hahaha.
As you're LEO's alter ego of Michael Saylor (both you and him own around 3% of their base asset's total supply), I just hope you would time your LEO sales on a daily basis so that the SIRP, POL & Leostrategy buybacks would absorb your tokens, and not tank the market value for the other holders 😃.
Ha! Yeah. I am hoping not to have to sell at all, but one never knows.
From what we've seen, the Trump administration's bet is to weaken the dollar as much as possible, to lower the humongous debt impact, and hold on to sound money (Bitcoin & some cryptos).
It seems to be the best political & economic conjuncture to HODL for a couple of years 😊.
I do think that is generally correct. Inflate away the debt.
100%
Now I'm worried this is the consensus view... 😆
Worried, under which angle?
The ones who will suffer economically in the US due to this "Inflate away the debt" strategy are the segments of population of which the income depends on the State (public servants, pensioners, anybody who receives grants from the authorities...).
The private sector players, on the other hand, should globally benefit from such an orientation - above all if a part of their assets in in Bitcoin or self-custodied cryptos 😊.
Inflation is never a good outcome for almost any party, it doesnt matter if public or private. It means that the unit used to save capital, which is the same as prosperity, devaluates.
However, as you say, holders of scarce and desirable assets will thrive.
Oh!
But doesn't it mean that you've received the equivalent value in $CACAO, for the global pair worth to weigh the same?
no I could swap all the cacao in there and only get another 15k Leo.
sorry to hear this . Hurts my heart reading this.
Often, the consolation is that learning something new, even though it's difficult to accept, can also help you take advantage of it in other situations. You have to analyze different perspectives, but at this moment, having a good amount of LEO is important.