The markets got crushed. For me, it was time to hit the buy button.
In this video I discuss how adding to long term positions on big pullbacks is always a good idea. At the same time, be sure to keep a bit of powder in the keg as they say. Will there be more opportunity to buy at lower levels? Perhaps. That is why scaling in is a good thing.
▶️ 3Speak
I've done something weird today... Out of fear of a prolonged bear market, I honestly didn't see Ukraine giving up that easily, I staked all my crypto holdings, about 13% APR... The only downside to this move is that I will have to wait between 10 and 21 days to unstake, in case we boom in a short period of time, but on the other I'll have more coins when they'll be unstaked. I haven't bought anything, but it's a good buying opportunity imo.
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Hard to argue with 13% return so not the worst idea in the world. Hard to say if the markets will sell off more or not.
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If we could call this a black swan event, although I doubt that, we might have a rebound like in March 2020. I have underestimated the bull market back then and honestly haven't profited from it much, but I hope I won't be doing the same mistake if history repeats.
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👍🏻 Excellent points you mentioned: you never know where the market goes in the short term, so best to buy step by step if prices come down. Longterm you will benefit since markets always have recovered the past decades, the psst century. Just might take a while. What I do to put away emotions and then maybe be too anxious (since the sentiment is never good when stock markets are crashing), well I set concrete limit prices/orders if certain price levels get reached.
🚙 And hey, I also bought a bit of Tesla since I agree with you. -40% from ATH is a good investment since we believe it will stand much higher in a few years from now.
Greetings from Germany and keep punter great work here on Hive!
Thomas
Hurry up with the approval for the Giga plant and Tesla stock might rise. LOL
I try to post stuff people find interesting and want to know.
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🤷🏼♂️ Oh ok…well Gigafactory Germany, you know we Germans tend to do things 150% correct. Thing is it then also takes 150% time, minimum. 😂
But even without it, we saw a nice recovery today, didn’t we?
Having some cash is never a bad idea. I personally think the balance approach to investing is the best. Always have some to add or to sell while feeling comfortable.
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Never a bad idea to take some off the table when the market runs.
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I wish in Canada we could buy crypto with PayPal, I would be able to jump on price moves so much more easily, and avoid some fees
Still a drawback to crypto...not the easiest to do.
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Yep, once we can remove the friction all bets are off :)
I sincerely think that buying is the most important thing at this point.
No @taskmaster4450le you are right BTC might be down to 25k as well, we never know. But the right price to buy BTC or any other crypto or stocks is what buyers think it is, as you said. For me it is 25 since last year, I knew this would be coming, but just waiting more with my powder to hit the right spot haha!
Yep, theres blood in the streets, so I agree it's a good time to buy. I like ytour phrase
Yes, its a good time to buy your favorite stocks at fire sale prices..