I'll have to check out his gear community. I haven't been using the communities much recently, I probably should.
What is this Lu token I got tagged in?
I don't know a whole lot, I just bought a bunch of them during the presale cheaply. It has been paying me out daily small amount of hive and upvoting my content with a tiny vote. It seems to be a deal where as the hive-lu account grows, the holders of the tokens get larger votes and payout. I can't recommend it, or not recommend it at this point. I am just experimenting to see where it goes.
There are only a couple of people holding more than 500 tokens, but lots holding very small amounts. I don't even know if the larger holders are real because when you look at their accounts, the only activity is with the LU token. Oh, well! Who knows.
Interesting. Thanks for the info. I will maybe check it out. As I said, the one post seemed pretty complex.
Just keep in mind if you do buy some tokens, expect to sell them at a huge loss (at least for now) the buy/sell spread is pretty big.
I will probably just wait and see what I can earn. As I said, the project sounded pretty complex. I don't know if I really understand it all! I need to work on growing my HIVE account anyway.
Yeah, probably best. Recently I have sort of throwing things at the wall and seeing what hits by investing small amounts in various things. I am being careful to not repeat my 2017 mistakes where I put way too many eggs in one basket with losing projects.
I will say that I am probably over-invested in Hive. But I pretty much live here, so why not! hehe
It's funny because many people feel like they don't want to spread themselves too thin by diversifying too much. It's a fine line you need to walk.
Right, I get that feeling. I definitely have coins that I am stacking up in mass like Hive. My version of diversifying is really taking a small percentage of my total and spreading it around on projects that I am not too sure about. That way if they rug pull or turn out to be garbage it's no big loss.
Yeah, I have some tokens on Coinbase that I dollar cost average into each month. BTC is the big one, but then I put $20 a piece into five or six other tokens just in case. I've built up a pretty decent stack by now.