ABOUT TIME YOU OWN SOMETHING
I went to Costco today. It was not busy at their gas station like usually. When I am done It was crazy to find a parking spot unless I am okay to walk three minutes. It depends where you live you may have at your vicinity a club store to do your bulk grocery shopping once a week. Where I am, they are the closest after Sam's club closed its door 3 years ago. I post a reflection of their stock, showing you how efficient it is.
Many of us do not understand all the numbers beneath the stock price. $545 is crazy high to own a stock. From what I know they have Costco in Canada and the US. Oops I did a quick research they are all over the world like UK, Japan, Iceland. Okay they have totaled 834. So far there is one thing I truly understand at the bottom. The stock is overvalued.
It is weird for the stock to be so high during a bear season. The explanation is easy, the shareholders trust the company and they parked their funds in it knowing #Costco will not do anything out of ordinary. In that case it is true for many big companies with mammoth valuation. They do what they know and with time the trust factor becomes second nature to everyone.
It does not stop the financial world to see it is overvalued. Sometimes the value has to go back to normal. When you go to Costco their customer base tells you how they operate. Price wise is acceptable knowing you can manage for them to pay the card membership back for you. I am saying you need to use it in order to get there.
I am coinciding this trust factor idea with what we are building in #hive and #leofinance. It is taking time and we can see the progress when you know it will work. Before you know it, #hive could easily reach the dollar mark and stand its ground.
Same thing for Leo. If we keep having this tremendous #LPUD where less and less #leo is available in the market, pressure makes diamond. I know the liquidity is something that ease with time.
Use cases are develop in parallel of what Leo can do.
Just my gut feeling, #leothreads can change how #hive and #leo will be seen outside of the blockchain. Be a pioneer is tough but a good thing to cement the transition for a stronger
community.
I did power some and I will continue to do so.
Many that powered a while back still holding strong Leo, that speaks volume.
Happy #LPUD everyone.
Posted Using LeoFinance Beta
This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
Read our latest announcement post to get more information.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
545 is just a number, but a meaningless one without factoring in shares outstanding. Hive at $0.63 seems low to me for circa 400 million tokens, but Hive at $0.63 would seem high to me if it had 400 billion tokens.
That said, it could be argued that most stocks are currently overvalued. 😅
Hive is in a good place moving forward.
The growth will come in due time.
#costco is a story of stability but overvalued in time of despair.
!BEER
Posted Using LeoFinance Beta
View or trade
BEER.Hey @preparedwombat, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Good to see you taking part too in the #LPUD , it nice to see the level of consistent the initiative is bringing to the community right now, I will just say it effects on the community and all it user's is adequately positive as it is increasing the staking ability in the community.
Let see who wins this month massive Leo delegation after all the power up
The best part is we are bringing value to Leo token.
Before you know it 25 cents before the end of the year.
Posted Using LeoFinance Beta
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
I am happy you are able to partake in the lpud and I am hoping to take part also in the next one
Leo is the token you know can return the best ROI in the second layer.
Only 11 million floating around. After 7 more #LPUD Leo will change the whole layer 2
!BEER
Posted Using LeoFinance Beta
I do much have strong believe in it and I know it's going to add more value to the market.
View or trade
BEER.Hey @heskay, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!If you like BEER and want to support us please consider voting @louis.witness on HIVE and on HIVE Engine.
Thanks