RE: LBI buy back???
You are viewing a single comment's thread:
I've got much of our current HP delegated to Eccency (pays 100% of curation) and Curangel (pays 90% maybe ???)
Between the two we earn around 4 HIVE per day roughly.
Firstly, I don't think the LBI price at current levels is particularly a bad thing, because I know it's worth more than I pay for it.
It's bad if you wanted to sell. (or more importantly had some kind of financial issue where you needed to sell urgently) My goal it to get LBI to a point where people can sell it for fair value, and not have to take a loss if they need to exit for any reason. I hate the idea of people feeling trapped in an investment as they can't sell if need be.
Once the price has been restored, I'm thinking to keep some funds in a buy order at 95% of asset value, and instead of burning, list them back in a sell order at 105%. We'd become a market maker for the token, keeping the range on the order book tight and possibly making some profits in the process.
Thanks as always for the feedback.
Does ecency pay in ecency points or in Hive?
The reason I'm asking is to not sell Hive (from power down), but to power it up again and delegate. The Hive price is far from ideal.
That's actually a good idea and in addition, creating a sell order does not mean you can't burn the tokens.