Trading at it's core but a bit different view
Steemleo community ,
I greet each and every one of you that are involved in this lovely project. Today I would like to share my experience about the platform and most importantly : Profits. I have made a decent amount just today alone by trading on Steem-Engine.com !
Initially I was not very specific or interested when it came to the platform mentioned but recently my view has changed a bit . On Saturday 06.07 I bought 8 Alpha Packs (Splinterlands booster packs) each for 7.5 Steem a unit and sold them for 10.5 Steem each Today! A whooping profit of 24 Steem - for minnows that is quite a lot honestly!! Trading on standard exchanges can seem a bit tiring because you need to relate that BTC profit to something that has value to yourself.
Last Friday if I am correct I had purchased 24 LEO Mega Miners for 6 Steem each . Currently my ROI is 50LEO which can be valued $2.5 at the current value but is still significant enough.
In conclusion, I wanted to let you guys know my experience of the SteemLEO platform and the value I have received and also am willing to provide all good content creators. With my current knowledge and experience I would say that most traditional Investments would take years [depending on your skill ] to even get close to these returns . I enjoy crypto and the community a lot. Especially I would like to talk about some dapps in my next posts as these have proven to provide good returns also . Hope you enjoyed the post and was relevant and useful for the #Steemleo community
Day trading Alpha pack tokens built on an altcoin, Steem is risky business. I'm glad it worked out for you, you can also get lucky playing dice. The returns from mining these tokens will greatly diminish as more people are mining the tokens. The price of these tokens could also trend to zero so I don't think they can be compared to traditional investments at this time. In the future I would expect a significant risk premium attached to mining Leo although earning a return in a few days from it that is higher than being invested in traditional assets for years is nothing but luck. No one should expect that.
I see what you mean and do understand it . At the current LEO and other Steem Tokens are very risky because of their volatility and so also carry a high degree of risk . Traditional investments are quite opposite - well made , well designed and relatively smooth. Value of a token is only a perception the same way the value of anything in life . Likewise if you are good with traditional investments then you have a lot of additional perks that are not limited to easy of use ,diversity and ease with regards to legal matters.
As you had stated the returns from these miners will drop with time as the difficulty increases which has already been seen on the current BTC and other cryptocurrency mining charts. Also fellow investor I would say the degree of risk is not IN the investment but rather the INVESTOR. Trading has proved this point many times (also Real Estate is another one that presents this fact as true).
Essentially no one should invest in something they are not familiar with or unwilling to learn about and make a lot of mistakes .
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Dear @jankos55
I just visited your account to see if you published anything new only to realize that you seem to give up on Steemit? :(
Hope you're not done with this platform yet.
Yours,
Piotr
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