I think I must be doing something wrong because now having stacked some LP and increased my den amount, my overall value is still dropping. Should I have cashed out like so many others have already done? How low will it all go?
You are viewing a single comment's thread from:
@hivecoffee
As for the second question, I don't think there's a single user in the world who can give you a definite answer as to how low the price will go, and anyone who tells you otherwise is probably a dick.
Also you have chosen one of the few LEO users who has zero expertise in technical analysis and who beyond supports and resistances doesn't go on charts, and who doesn't even care to have them because fundamentally I don't think it can work in a market based largely on emotions, my approach is always based on the validity of the project and never on charts telling me things.
Posted Using LeoFinance Beta
The value is closely related to the price, so clearly if the price falls the overall value follows suit, as in any loss-making position.
In any case, it is normal to be in a losing position at some point, even those who bought BTC at the highs of 2017 have been in a losing position for years.
But the people who really lost out were the ones who sold at a lower price than they bought, while those who kept everything had incredible gains over time.
Personally I would never feel like giving financial advice, and these that I list in my columns and here are just my thoughts as a user, as I am made I would never sell a position at a loss, especially because in my opinion the project is strong and the major problem, (users and inflation) can be solved with targeted marketing campaigns, which I imagine and hope will be done once finished implementing all the new features.
In any case, there's nothing wrong with what you did, everything in this world always has a risk, then it's up to us users to decide what kind of risk we want to expose ourselves to, as far as I'm concerned, CUB is a risk I feel like taking.
Posted Using LeoFinance Beta