Steem Leo - Investing Community by abitcoinskeptic

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· @abitcoinskeptic · (edited)
$29.17
Steem Leo - Investing Community
View this post on Hive: [Steem Leo - Investing Community](https://hive.blog/@abitcoinskeptic/steem-leo-investing-community-va7r3eju)
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vote details (329)
@tts ·
To listen to the audio version of this article click on the play image.
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Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
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@khaleelkazi ·
$0.19
Skeptical is, in fact, in your name! I love seeing both sides to an argument and I love criticism as it points out the flaws that can be patched up and improved.

“Actually, I really hope that Steem Leo is successful, tag abuse stops, and the investing scene on Steem become less of a scammer's haven. I wamt to see Steem.Leo as somewhere people can go to get non-biased information and opinions.”

Our ambition is to create such a community. A community about investing, not about Steem.

Sure Steem is the backbone. Sure people are going to obviously dominate the platform with “Steem talk” in the beginning. Our ambition, however, stems far beyond Steem and even crypto. We want to be THE platform for investors. With that in mind, the token distribution/high inflation rate may make more sense as we try to distribute far and wide.

Our plan is to get real investing content creators from outside of Steem. We’ll entice them with rewards, bounties, etc. That’s also why you’ll see us power up the vast majority of STEEM we can get our hands on - as a tool for building this community. 

I appreciate your skepticism and hope you keep it coming. We will look to these types of posts as a method for improvement. 

A note about tag abuse — we have created a channel in the discord for identifying tag abuse on Steemleo and have setup an account specifically for flagging such kinds of abuse in the community. We’ll be fighting the battle, but we hope to clean up the tag situation now and in the future. 

Thank you for your input, I look forward to building a massive investment community here on Steem. 🧡

Posted using [Partiko iOS](https://partiko.app/referral/khaleelkazi)
👍  ,
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vote details (2)
@abitcoinskeptic ·
There is obviously going to  e some confusion at the beginning. Investment opinions are diverse, but the end goal is more $$ without cheating. A lot of research and tools already exists fortunately.

 It will be very good for Steem when this happens.

Posted using [Partiko Android](https://partiko.app/referral/abitcoinskeptic)
👍  
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@shanghaipreneur ·
$0.04
I hope we can build a 2-sided community that doesn't just devolve into circle jerking "Steem is great" articles too. I've been looking for a place to exchange investment ideas for a while (ever since they put most of Seeking Alpha behind a paywall actually). Let's hope SteemLeo can do it!
👍  ,
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@abitcoinskeptic · (edited)
It would be awesome if they could get a rep system based on quality of posts and comments and not on how much Leo is held or shitposts are made.
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@oldtimer ·
$0.02
I liked your clown dance, he he. 

But on a serious note; great post.
👍  
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@abitcoinskeptic ·
I don't think I used the word 'Sir' or 'Thank you' enough.

Posted using [Partiko Android](https://partiko.app/referral/abitcoinskeptic)
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@oldtimer ·
No need for that.
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@zekepickleman ·
$0.03
“I'll get it the old fashioned way by begging for upvotes and dancing like a clown for the whales.”  

Hahaha that is gold right there.  

I have high hopes and have like @khaleelkazi quite a while. I hope I can delegate staked Leo to my favourite technical analysts. 

Posted using [Partiko iOS](https://partiko.app/referral/zekepickleman)
👍  ,
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@abitcoinskeptic ·
I hope to find these good TA people. I've used other platforms for investing, especially non-cryptocurrency stuff.
More of a fan of FA than TA, but a little TA makes FA shine.

Posted using [Partiko Android](https://partiko.app/referral/abitcoinskeptic)
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@crypticat ·
$0.03
Airdropping these tokens to non-professionals who happened to stake pal in hopes of establishing an investment discussion community is an amateur mistake. Steemleo created whales who have authority due to their token holdings, however, their investment knowledge is probably low to nil which is average for the general population. I can see this method of distributing stakes as being problematic in the future.

Most people posting with the #investing #money #finance and now #steemleo tag are not investment professionals.  If they are, they need to be following rules or they risk much more than just a downvote, they could lose their licensing.

>Investment professionals need to be very careful about what they blog, tweet, or post on Facebook, because it could be interpreted as investment advice, which in turn could raise issues of suitability, diligence, and prudence. In addition, investment professionals must be careful not to make statements that could be perceived as false or misleading. 

[source](https://blogs.cfainstitute.org/investor/2012/07/26/ethics-and-social-media-4-things-investment-professionals-and-firms-should-think-about-before-using-social-media/)

If someone isn't an investment professional, you should be wary of their investment advice. @steem.leo needs to take ethics seriously or they are just another pump and dump scheme hiding behind a thin veil of 'fostering a community.' 

I have a feeling this is going to be an utter failure. Tokens should have been given to people who can prove they are investment professionals or who have a track record with investing, not people who just steemed, staked pal and use steemleo as one of their many tags.
👍  ,
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vote details (2)
@abitcoinskeptic ·
There is a large amount of Leo avaliable for bounties. Maybe they will award them to people who give sound financial advice and balanced investing information.

I think having a unique reputation system could be valuable. I'm not just thinking of who gets the luckiest by saying a specific  cryptocoin will moon or winning the  stock picking lotto...I'm thinking based on sound consistant advice.

Eventually the community may award good people, but for now it will remain a community of people skeptical with the current global economy. People who confusing investing with socialscience. People who shill sell and market instead of invest.

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@khaleelkazi ·
Steemleo is **not a platform for investment professionals**. It is not a platform for people to say "Buy Token X or Stock Y!"

As said in our original introduction, Steemleo is a platform to discuss all things investing. That means (but is not limited to) philosophy, investing strategies, fundamental analysis, technical analysis, ethics, etc.

This very conversation, in fact, belongs on Steemleo. The discussion (and debate) of whether people who aren't investment professionals should be able to talk about investing on a platform. 

As I said in my other comment here on this post, I am more than open to criticism and actually welcome it. I know that criticism is just an opportunity to grow, evolve and learn. 

Also said in our introduction, airdropping to PAL stakeholders was our way of distributing stake to a wide audience of people who are active and engaged on Steem. The key to a successful platform is having actual people that use it. 

While you may not view PAL stakeholders as investors or people who are qualified to talk about investing, they do in fact fit the category of people who have *some level of investing knowledge.* The fact that they are invested in crypto and on the steem blockchain and also have the foresight to hodl their PAL stake is some sort of testament to their "investing capacity". 

With all that said, there is a major issue here on Steemleo and that is tag abuse. The content on Steemleo is not intended to be created by financial professionals. In fact, I don't even like most financial professionals based on a lot of personal experience.

Steemleo is a community for people to talk about investing, regardless of their "professional" capacity for such a discussion. I hope that people will catch on to this vision as time goes on and see what we are trying to build here. We are starting with the Steem community and we will be onboarding people far and wide beyond Steem to grow Steemleo into a hub for all sorts of discussions around investors.

Afterall, a driving point of crypto is to put the knowledge, power and investing capacities back into the hands of *real users* rather than keeping it centralized by the so called "investment industry", right? 

I appreciate the feedback and we'll continue to use it as leverage to improve. Hopefully I cleared up a little confusion with this and we'll be releasing a lot more clear protocols going forward. We've also created an initiative with the account "noleoforu" and an accompanying discord channel which will alert us to tag abuse and allow us to flag all their LEO rewards (not any other token rewards though). 
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@cindyhartz ·
$0.02
I think steemleo is looking for posts exactly like yours!  Well, maybe mixed in with a few more positively leaning articles!  I think the goal is to create niche communities, and thereby have a better way to market to outsiders (for ads and such!) that there is a target group, based on some affinity within the Steemit platform.

As for the s___ posts.  You know some folks gotta' try!  I think weed cash network has been very successful in "kabashing" tag abuse from early on!  I think steemleo will do the same!
👍  
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@abitcoinskeptic ·
Thanks!

I like reading the positive articles about bitcoin from early 2018 to remind me that happy thoughts don't make markets, they make suckers.
Scammers gonna scam and beggers gonna beg. It seems like theybare already startingbto warn people which is a good sign. Those who don't want standards to rise beed to be clear about why.

Posted using [Partiko Android](https://partiko.app/referral/abitcoinskeptic)
👍  
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@janton ·
$0.02
Howdy sir abitcoinskeptic! lol.."dancing like a clown for the whales" oh man, that's a great line. I agree, we have to hope it succeeds and conducts itself professionally and wait and see. I wonder what this place will look like in a year from now, things are happening fast! This is a great review post, well done sir.
👍  
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@abitcoinskeptic ·
Thanks. 
Access to quality information and opinions is the best way to get in on a good investment.
There are an awful lot of whales who didn't make their money from being good at investing. They made it from being lucky at investing.

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@janton ·
Good points sir abitcoinskeptic!
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@nickyhavey ·
$0.02
I really think for an investment discussion platform, there will need to be stricter or tighter rules on the type of posts that are accepted because this is people's money everyone will be talking about. Not a cat doing something stupid. You can't just post any old nonsense and then use the "disclaimer DYOR, not financial advice". Why post it then? 

I won't be posting any stuff about crypto and investments so probably won't use the platform but I hope they do things right and have some "quality review" procedures in place. That's my 2 cents (literally).

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@abitcoinskeptic ·
I think even if people don't post, since it is on Steem, they will come across it. I guess if it is tagged SteemLeo, we know its about investment which is good.
But yeah if you post a picture of a cat and I say its ugly I'm being mean. Saying this about an investment is perfectly acceptable as long as its my opinion amd I'm not spreading disinformation.

For every buyer there is a seller, only the future says who is smarter.

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@nickyhavey ·
$0.02
Then I must be pretty dumb as I got in from December 2017 to March 2018 🤣 still, at least I stuck around and did at least some research on projects. Now it's just the waiting game lol. Where are my cat videos at? Maybe I should stick to them 😂

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@manoldonchev ·
$0.02
Thanks for bringing up those thoughts and observations of yours. Various sources of info are always good to have. But it's true a lot of us start feeling as investors here and we're just hyped. Amateurish is true. I haven't studied finances for even a day. I just read some articles and I find them interesting. Funny, but to me they are.
👍  
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@abitcoinskeptic ·
Nothing wrong with amateurs. We just need lines and especially with investing 2 sided debate.
I can reasonably like every puppy picture I see. I cannit reasonably like every investment I see.

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@steem-ua ·
#### Hi @abitcoinskeptic!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your **UA** account score is currently 3.532 which ranks you at **#5994** across all Steem accounts.
Your rank has improved 15 places in the last three days (old rank 6009).

In our last Algorithmic Curation Round, consisting of 154 contributions, your post is ranked at **#59**.
##### Evaluation of your UA score:

* You're on the right track, try to gather more followers.
* The readers like your work!
* Good user engagement!


**Feel free to join our [@steem-ua Discord server](https://discord.gg/KpBNYGz)**
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@redheadpei ·
Thanks for the food for thought and info on Steemleo.
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@ocdb ·
re-abitcoinskeptic-steem-leo-investing-community-va7r3eju-20190705t102244907z
You got a 27.11% upvote from @ocdb courtesy of @abitcoinskeptic!  :)

@ocdb is a non-profit bidbot for whitelisted Steemians, current max bid is 15 SBD and the equivalent amount in STEEM.
Check our website https://thegoodwhales.io/ for the whitelist, queue and delegation info. Join our [Discord channel for more information.](https://discord.gg/k2Hu77b)


If you like what @ocd does, consider voting for [ocd-witness through SteemConnect](steemconnect.com/sign/account-witness-vote?witness=ocd-witness&approve=1) or on the [Steemit Witnesses page.](https://steemit.com/~witnesses) :)
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@onealfa ·
> ... Sadly, I sold my Pal airdrop so I didn't get Leo.


I stoped reading after I saw this. 
This explains everything.

No more comments.
👍  ,
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@abitcoinskeptic ·
Personally I think your comment is a lot more telling of any insight or opinions you give on investing and Steem Leo.

Can you please explain? Are you telling me that only people who get free stuff have a right to review and evaluate? Or are you saying that people who sold Pal have no right to discuss Leo?

When discussing investments disclosing information is essential for transparency.

 I sold my Pal for a reason completely unrelated to Steem Leo. If Pal wasn't meant to be sold why do they allow people to sell it?

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@simplymike ·
I've asked myself a lot of the same questions. I guess all we can do is wait and see how this will turn out. It will definitely not the last community/clone that will pop up...
👍  
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@abitcoinskeptic ·
Some of the first are trying to be market movers. Unless something much better organized and funded comes along, it's a winning strategy. However, due to the highly regulated nature of finance reputation is important. 

Are you liable if you upvote and therefore support investing advice of poor quality?

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@simplymike ·
Good question...<div class="pull-right"><sub><a href="/steemreply/@arcange/introducing-steemreply-stay-in-touch-with-your-steem-network">Posted with <img src="http://steemreply.com/logo-comment.png"/></a></sub></div>
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@battebilly ·
$0.02
Even through it is not in our cluture in Africe is not investing, we really have to pay attention to all ideas and also teach our selves some thing new. That is the reason why steemleo has come. We mst pay more and more attention to what people are writing on steemleo. The biggist investment we have is really time. I we use it well we shl be there thanks
👍  
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@abitcoinskeptic ·
SteemLeo has the aim to provide a useful and well needed service. Time will tell how useful. I see early positive signs and want to do what I can to slowly improve quality.

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