Tough call. I don't know your personal situation. If you don't need the money and you are willing to risk it, then keep stacking. I am hedging my bets and moving my profit/dividends/rewards into HBD. That said, I bought in around $0.60 on average, so it will take a lot for me to recover to the break even point. I plan to spend 2023 trying to get enough HBD to recover. I tracked all of my buys, so I have different amounts of HP to sell at $0.36, $0.60 and $0.85. Once I make it back to even, then I will consider whether to stay in, go deep again, or just move on. Same for Splinterlands. My assets in Splinterlands is underwater. The game developers keep changing things so that assets continue to devalue. Here's an article I wrote a while back that sums up my investment philosophy. Hive and Splinterlands have been bleeders for me since they eat a lot of time. They should be feeders and that is what I am trying to work toward. https://peakd.com/hive-167922/@methodofmad/feed-sleep-bleed-what-category-is-your-investments
You are viewing a single comment's thread from:
Yes, I think you have a point about determining the break even point. I haven’t been calculating that. Something I should do.
I wouldn't need a break even point if I hadn't purchased at the high levels. You are probably already ahead in the game because I think most of your purchases were below $0.35. I think also how we are currently doing in an investment (I'm still down, you are likely up) has more a psychological impact on how we invest in the future. So, any advice I give you is probably biased based on my current position.