$LDO Did you get off?
My answer: No!
A while ago it surged to 1.6, and you all disappeared; now that it has pulled back a bit, you are in a hurry to ask.
We entered at 0.94, even if we sell now, there is still nearly 30% profit.
My principle: I won’t easily get off unless it’s below 5U. It's fine to set a cost order, using profit for bigger opportunities, though it could also mean losing everything.
Why I don’t easily get off
1. Staking is not a security: The SEC clearly states that staking services themselves are not considered securities. ETH staking is the cornerstone of ecological security, and major player Lido benefits the most.
2. Market share monopoly: Ldo accounts for over 30% of ETH staking, with a circulation of over 10 million stETH, and a market cap of about 30 billion USD. It has already become the financial infrastructure of ETH, and no one can shake it in the short term.
3. Clear trading logic: LDO is a high Beta of ETH, rising faster in a bull market. The protocol takes 10% of staking rewards, with clear cash flow, and future buybacks/burns will further release value.
My attitude: Getting in at 0.94 was a bet on the big cycle.
Ldo has already become part of ETH's financial infrastructure, and I would rather ride the bull market with it than keep messing around.
