We all want big winners. Imagine being involved with Bitcoin at $300. Compared to the price today, we see a 100X in the price of Bitcoin.
To do so, we would have to go back to October of 2015 to see that price.
It took 5 years but we see a run of 100x on the price of Bitcoin. That certainly is an investment of a lifetime. Is it any wonder there are so many Bitcoin millionaires? Even a few thousand dollars into Bitcoin at that time would make one very well off in most of the world today.
Alas, I am going to surmise that most of us missed it.
Nevertheless, there is still optimism with Bitcoin although 100x gains are not likely from these levels. That said, most Bitcoin maximalists believe that it is going to keep going, to $500K at a minimum.
Who knows? Perhaps they are right. Certainly I am not going to take the other side of that discussion.
However, it is important to note there is an entire world outside of Bitcoin. We have a lot of other tokens that are pulling the same stunt.
One of them is LEO. The token for Leofinance has garnered a lot of attention in the last few months and, even more importantly, a ton of buyers.
For the sake of this article, we reached a milestone today.
As you can see from the above image, we hit a price of 2.50 HIVE for each LEO. This is an all time high against that token.
The reason why I bring this up is that it is 100x the lowest price that I bought LEO at. There was a time, last year, when I was picking up LEO for .025 HIVE. Unlike Bitcoin, it did not take 5 years for that to occur.
So how do I feel about it? To be honest, I wish I purchased a lot more LEO at that time. Only a sliver of my holdings were at that price but, alas, hindsight is always 20/20.
Fortunately, like Bitcoin, I believe that Leofinance is going to push the value of the LEO token much higher. We are starting to see the formation of an ecosystem that entails a lot more than just a Proof of Brain website. We are going to see a multitude of applications rolling out in 2021 that will really alter the perception of Leofinance.
The reason why I bring all this is because people are constantly searching for the "Big Winner". There is no doubt that they exist, as this situation with LEO proves. However, it is also important to note that they can be right under out noses.
Back when I was buying LEO at .025 HIVE, there was not a lot of competition for the token. The buy walls were not very strong, especially as compared to the sell wall. Nevertheless, I kept buying because of my understanding of what was taking place.
The other day I wrote a post about how I am not selling my LEO anytime soon. It is true that I have some large gains in my holdings. However, this is a party that is just getting started in my opinion. Personally, with LEO, I think we are circa 2012-2013 with Bitcoin.
Understand, very few people in the entire world even know about this project. If we think about it, probably only 5,000 people ever heard anything about Leofinance or the LEO token. What happens when 25,000 people have heard about it?
People often fret about missing the boat. This is a prime example that there is always another one on its way.
On Hive, we can be sure there will be other opportunities down the road that will rival what LEO has done. In fact, we might see another 100x before all is said and done with this token. The plans are that large, and the aspirations that high, I can promise you that.
Will it be achieved? We will have to wait and see.
For the meantime, we will have to be content with the magical run that LEO is on. There will be bumps along the way. Nevertheless, even after a 100x on some of my holding, I think there is a lot more room on the upside.
Just think of where this all might be 5 years from now.
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