New tokens!!! New token's galore!
As a long-time Steemian the new SCOT tokens that have surprised us all have opened up new revenue and investment strategies. Do I focus on accumulation or do I sell and buy back. Most if not every Tribe will want you to stake their token as it locks in investment and it takes a while to power down (unstake). I have made it a point to commit to a few communities where I at a minimum stake 1000 of the token. It doesn't do very much with upvotes, and if I comment on say 2000 blogs with an upvote I could probably recoup much of my staked portion (50/50 curation).
Other revenue stream is of course investing in miners of that particular token but there is a 'chance' (sometimes 1 out of 30) my miner will be chosen. I have 20 LEO miners staked and at this point I have yet to see a payout on any of them. I will not unstake and just leave them for now.
Swing trading
I have accumulated some tokens that are unstaked and I could take the risk and sell them; only for the purpose of buying back in and accumulating MOAR. Unfortunately everything is so 'new' and I have no charts to go by this could result in negative consequences. News is coming out every day how these communities are activiely advertising their token on some mainstream social media sites. On the other hand I could always buy back in and acquire even more tokens. This is how many traders in stocks and crypto earn their wealth.
At this point I think I am just going to sit and accumulate as it's too early to sell anything off. Plus many Steemians were surprised to see new tokens added to their wallet without lifting a finger. The amount of tokens 'gifted' were based upon how many staked tokens you had in a particular token (#PAL). Will other tokens be dropped depending upon the stake of another particular token? You never know!
In conclusion I do not feel the tools are available at the moment to swing trade anything. I see crazy dips and spikes with these new tokens and until better tools are available it's premature. This is a true case of HODL as many of these tokens will and some are already turning to complete shit-tokens. Your wallet may look heavier; but it's still digital fluff. Keep accumulating that fluff and the winners and the losers will be sifted out over the year. A cheaper STEEM will also help us find direction as it will shake out the weak hands.
Look out for these coins: #neoxian #steemleo #palnet #stem #int #steamace #stem #creativecoin
There's even as #ASS token lol!
