The question for me is: Do I sell out now and wait for the bottom or continue to hold? In general, people are optimist. So we say Hive can't go below $0.75 or $0.50. And now we say it will soon rebound from $0.25, but maybe it dives even lower. Then I will have even more regret that I didn't sell at $0.25 and buy back in at $0.10. Same thing for Splinterlands assets. Knowing when to get out is as important as knowing when to get in. Unfortunately, I don't know either!
I think the main stash of wealth must always be on the stable form of assets to cater for real world expenditures and emergencies. Once those are catered for the allocation decisions for everything Hive is less critical and more like a game. The aim is of course to reach a point that we take out our initial investment and play with house money. I recall you mentioned the last bit previously. ! PIZZA
I started recouping the initial investment this month. So far $200 stacked into HBD. I am loading up one liquidity pool, but I think I will be converting around $5 a day to HBD from what I consider dividend income, i.e., rentals in Splinterlands; GLX from SPS; and curation rewards.
What an inspiration, and congratulations! $5 a day of extra earnings isn't that bad. It will all add up.
I am still trying to figure out how far I am away from breaking even. Likely to be a long way from here. :(
!PIZZA
I ended up taking my HP and dividing it into three sell points. For example, $0.36 for 5000 Hive; $0.65 for 3400 Hive and $0.85 for 4500 Hive. It's a psychological ploy. As long as I maintain the total HP that is the sum of the three sell points, then I can take any new revenue and convert it to HBD. I also established an HBD goal. If Hive rises to the first sell point, I will convert that amount of Hive to HBD. But if it doesn't rise to the first sell point, then I take the new revenue each day and convert it to HBD.
Thank you for sharing. Thought-provoking! !PIZZA