The Real Value Of Leofinance

in #hive-16792217 days ago

Sometimes the best return is simply not losing money.

Leofinance has a lot of value, more than people realize. In this article we will share something that took place earlier today which could have saved be some money.

We all know this is a volatile time in cryptocurrency. Actually, this is the case across all markets. There are big swings taking place, both up and down.

For this reason, it is important to remember that we will find out which of the Emperor's is wearing any clothing. When this happens, a lot is exposed. This is especially true in the cryptocurrency industry.

The reality is the situation with UST is not surprising. Naturally, the exact asset that was going to be tested is hard to predict. But, we know, when things are new, markets attack them. This is true no matter what the realm.

A lot is being made of UST breaking its peg. We will see how long this lasts and if it can regain it. However, there are going to be some lessons coming out of this.

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Not Your Keys....

As I was going through the recent section earlier today, I came across a post by @mealmcspadden. He does not post frequently but when he does, it is always good stuff.

What he wrote about today was an announcement by Coinbase stating that basically, if they enter bankruptcy, the customers might become general creditors. This means any cryptocurrency (and presumed USD/CAD) on their platform is treaded as theirs. Then it is up to the individuals to try and get it back.

Not your keys, not your crypto.

Why this is important, in the context of this article, is the fact I was not paying attention. My reading of the news was delayed so I missed this admission completely.

Fortunately, I was on Leofinance and saw what was taking place.

This allowed me to move what little crypto I had to my Ledger. It wasn't a huge amount but something that I would have been upset to have locked up. There was also some USD that I decided to send back to my bank.

Fortunately, neither were catastrophic regardless of what happened. Most of my cryptocurrency is either kept in wallets such as Metamask or in my Ledger. There is no way I would keep huge amounts on an exchange.

Leofinance As A Crypto News Source

While many places have feeds from the mainstream crypto media, Leofinance can be viewed as an up to the moment crypto news source.

It is easy to find posts on the recent page detailing current happenings in the market. When something major takes place, there are a number of articles that show up rather quickly. This will only increase over time as more people join the platform.

Here is an aspect to the ecosystem that gets overlooked. While many want to focus upon token price and things of that nature, we overlook the value that is given to all of us on a daily basis. There are hundreds of people posting articles, many of them with very pertinent information.

Often we see articles about investment options. People write about their favorite cryptocurrency while providing insight into what they think is going to happen.

However, as this instance shows, sometimes there are warnings to be presented. The advantage to something such as Leofinance is that people are usually around to post some "breaking news". As stated, this will likely expand as we get more people who are posting regularly.

Information is a valuable commodity. Gordon Gecko made this clear in Wall Street. With Leofinance, we have individuals sharing what they now without any paywalls, monthly subscriptions, or nonsense like that. People are incentivized to post based upon the daily rewards that are passed out.

And every once in a while there are a few nuggets that can either make you a bunch of money or, more importantly, save you from losing some.


If you found this article informative, please give an upvote and rehive.

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Some bad news for Coinbase and its users. I had a few bits there but was negligible amount.

Leo Finance is indeed becoming a one-stop information source. It's a good place to be.

Information is a valuable commodity.

Very true. Those who get first-hand valuable info can play ahead in life.

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Very true. We are seeing a lot more diverse information posted from within crypto and finance. This is vital.

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Yes. It's a must to be around here to be able to benefit from all these.

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LeoFinance is a platform that everyone in the crypto market should follow closely. We can find almost a lot of news in the crypto market on LeoFinance. LeoFinance is a great platform that provides great convenience to us investors. In addition, we train ourself here and follow the developments closely.

The real value of LeoFinance is more than money.

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The knowledge here is truly incredible.

We are blessed with so many who have such indepth knowledge.

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On the LeoFinance, we have the opportunity to benefit from the knowledge of valuable people like you. Following people like you who share good articles increases our knowledge and what we learn is really more important than money.

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I saw neal's post too, and that's pretty wild to see it right there in Print.

I collaboration on Leo is really important especially if we have a long down trend, it's important to surround yourself with others who understand the cycles and can help you stay engaged. We've been through it but there is a whole group of people this is their first big dump.

Leo has amazing benefits and tends to mostly move with the Hive price,.. Until.. We reach more people and engage them

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I am excited to see how many of us stick around to write about the current state of affairs.

Its so exciting to see bitcoin this low.

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It is truly becoming an epicenter of crypto information.

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Pretty wild announcement that Coinbase made there... I would have thought they would at least attempt to make users whole in that situation. Not your keys, not your crypto.

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We kind of all knew it all along right?

They're like the Bank of America of crypto.

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I'm not gunna say I knew all along how fragile it is. But there's a reason I never touched it.

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Some of us used it for onboarding to crypto cause we didn't know any other way.

Its always a good reminder: not your keys, not your crypto, but sometimes we get sucked in by convenience.

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Of course - you have to start somewhere. Then once you become accustomed to it, it's time to realize what you're doing. Coinbase is not a bank. Well, they kinda are. But not in the way that benefits the customers.

I recommend a hardware wallet for maximum security.

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That is the valuable lesson.

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Leofinance, Hive, this community is way too strong. Unfortunately we are part of the broad market so value follows the trend.
We are builders and continue to do so with great length.
Coinbase hum!
Glad to hold long term and post every day I can do so.

!BEER

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True. We cant avoid the market action. It is something we are part of.

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what happens with #Terra/Luna is something that surprises and a lot because it seems very complicated that they manage to recover and much more to find the price of their #TerraUSD stablecoin if they manage to get as close to $1 as possible, a question arises for me. They will trust her again in the near future

I came across a post by @mealmcspadden.

I demand that @nealmcspadden change his name to @mealmcspadden this instant!

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LOL thanks for citing the typo. Was late at night typing.

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Each day I notice I'm checking on LeoFinance more and more for crypto news, since it's more original written content vs the RSS rehashes sites.

And I especially enjoy and great great value or your very in depth, yet easy to read, articles on the assets and tools in the HIVE ecosystem along with finance in general.

Uh, coinbase.

Its the place I send all newbies to too.

I guess the very beginning is the time to learn "not your keys not your crypto."

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Something to learn on day 1 it seems.

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I didn't see that announcement by Coinbase but I guess I should get around to moving that off an exchange. It's not much though so I don't think it's not that much of a concern though.

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It is a good idea no matter how much of it is in there.

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Having a place where people see to it that the news impacts you in the right way and helps you make informed decisions is u debated. And leo has built that, backed by a caring community, lead by aggressive innovators the benefits are endless

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It is must a must read site.

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Yes, the recent feed is such a source of information, like you say… breaking news will pop up very quickly.
Luckily you did pick up on it and could move your assets before they would have been locked up.

I have been reading and reading since I joined, and the information on here is just so vast. Love learning 🤓

Looking forward to more active users and what they will bring to the table 😎

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Learning is very uplifting for us all.

It also helps to expand the choices you have in life. Cryptocurrency is going to change many lives.

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It is, who doesn’t want to enrich their lives 🤓

People make different choices than.
Crypto will and is doing that, it is just great to see already how many lives are changed by it. Even here on hive.

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Boss if coinbase enter bankrupt, their will be serious wahala to the customers. I just pray something like that should not happen because we are on heavy bearish trend Now.

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The LeoFinance community is metamorphosing into a lead name when it comes to crypto news and crypto product development.

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That is very true "There is gold in those posts" waiting to be mined with some curation and commenting. I also agree that keeping large amounts of crypto on exchanges can be very risky. Not your keys not your crypto :-D