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RE: Leo Talk 4/19/2021 -Come Join Our Chat

in LeoFinance • 5 years ago

BTFD!!!

In a long term bull, always smart to add to one's core position when the market gives it.

I added a bit more CUB.

Things might head lower for a while, but I believe this will be relatively short lived. There were a lot of leveraged Bitcoin plays that were liquidated. The market needs to clear a lot of that crap out.

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5 years ago in LeoFinance by
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     5 years ago  

    Oh yeah, I read about the liquidations, I'm not sure why people play those games. Too risky better off just owning the item. But then I guess you're not propped up by the tax payer when things go belly up.

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     5 years ago  

    Leverage when right can make you a lot of money. That is why people do it. Hell that is the entire real estate market. Put down a few percent and get the entire house. If it double in price, the person gets the entire amount.

    Same thing in markets. Leverage by putting 10% down and see a double, that is an enormous gain.

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