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RE: When to HODL and when to Spend?

in LeoFinance2 years ago

I am usually intrigued by the pattern to which you analyze which in most times, emits wisdom and knowledge.

Well, in simple terms, I'll advise opportunity cost. She can't put all her eggs in a basket. A second source of income is essential.

I'll advise she sells off a little to have the basics she would need for her off-hive business and as well, put a little more effort.

The top does not get easier. It'll be bad if she loses majority of her assets and loses out of the bull run.

Perhaps some discipline of percentage will also help. Meaning, for every income, let her split them in percentages over time such as savings, emergency funds, working capital, etc.

By and large, she needs to DYOR to know what's best for her, she's the wearer of the shoe and would know where it pinches her the most

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I am usually intrigued.....

Did I miss out on something? Your start implies that this time I got it wrong.

I personally look at HIVE like a stock more than a currency due to its inherent volatility. #1 rule of stock market is not to invest what you can't afford to lose.

I personally look at HBD like a US$ Savings account with a 20% interest rate. I like savings and I like 20% interest.

I also think having a livelihood off HIVE is very important because while I believe that crypto has a bright future who knows WHICH crypto will be the one to take off. I mean I'm Canadian...the country that founded the Blackberry. Look what happened to it after the iPhone came along.

I'm lucky. All the HBD and HIVE that I have is like play money to me. I made it from playing Splinterlands and Cubieverse. If I lose it all then its no big deal to me. For other people it is a far more important financial decision.

Missing out on a bull run? Ohh...that stings. I know because I sold $2000 worth of bitcoin when it was at $5000. Kicking myself on that one now. I also sold Monero/XMR at 0.25/coin and it is at $141 now. Then again, I bought $5000 in Tesla stock at $18/share near the IPO and doubled my money and cashed out at $50/share. I cried when it hit $2000.

At the end of the day you have to do your own research. Come up a plan that makes sense to you. Then live with the consequences. Regardless the outcome.

Sorry if this post didn't make the grade for you. I'll try harder next time 😎

 I am usually intrigued.....  

Did I miss out on something? Your start implies that this time I got it wrong.

I guess she meant to mean highly impressed and or fascinated

I hope you are right... when I see usually to me it implies most times but not this time making me wonder what I got wrong.

But I will just keep doing my thing and work for turning that usually into always
.. even though I know that isn't possible 😀

The way we use English here can be kinda problematic for those in the West to understand. U know we aren't native English users, so we miss some marks sometimes. Trust me!

My wife is Filipina, I know a thing or two about slip ups in English 😎