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RE: Let Everything Burn?

in LeoFinance2 years ago

Investors should use down cycles to re-organize their portfolios.

If you look through Hive-Engine; you will find thousands of accounts with large amounts of liquid coins. The best thing that could happen for HIVE Engine would be for the owners of these accounts to sell the coins they don't want and buy the coins they do want.

In the stock market, it is usually best just to let stocks find their natural bottom. The bottom often occurs when companies are able to use their profits to buy back substantial shares of the stock.

Companies with large debts are usually forced into Chapter 11 where they renegotiate their debts.

Unfortunately, there really isn't any sort of natural bottom with crypto. Things are even worse for blockchains with a sizeable amount of debt.

!BEER

PS: HIVE is lucky. The HBD coin did not catch on and our debt level is just 8%.