The Asteroid Files #12 | LIFESTYLE and LM Tokens on SE.. Headed for the Moon?

"The Asteroid Files are an archive of my detailed, real-time accounts as a cryptocurrency trader. I am not one for posting frequently, but a friend told me to do a fun little series on how I trade, what I trade and why I trade. Maybe this could turn into something fun. Maybe not.

Either way, I'm going to enjoy myself and tie in some fun science fictiony type of stuff with my daily trading endeavors.

Hopefully I can either bring some direct value via entertainment or my sheer trading awesomeness. Regardless, anything you read in my files are not to be taken as financial advice, as that would be wildly irresponsible.

Invest at your own risk and seek help if you are not experienced. My posts are for entertainment purposes only, especially considering that the title of this series is about asteroids which has absolutely nothing to do with trading... or does it?"

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LM and Lifestyle

I've got a bit of a divergence from my usual posts for today. Normally I would discuss my crypto portfolio, but today I want to talk about the LIFESTYLE and LIFESTYLE MINER tokens which are traded on SE.

I have been keeping an eye on these tokens since the launch of their platform about 7 or 8 days ago.

They have interesting economics which I knew could lead to thin sell walls and a potentially high price.

Now that I've seen it in action, I am amazed.

If you head over to Steem Engine and look up these 2 tokens:

https://steem-engine.com/?p=market&t=LIFESTYLE

https://steem-engine.com/?p=market&t=LM

You might notice something...

The sell walls are ice thin. There is hardly anything being sold and the price is poised to jump to the moon very quickly.

LM started selling at 1 STEEM/miner. Now the lowest ask is 4.

LIFESTYLE started selling (I forgot the exact start price) for around .08.... now the lowest ask is .16 with very few sell orders indeed.

Something to watch out for here on SE as I see a potential arbitrage play in the near-term.