When to sell in a bull market?
“Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria (exhilaration). The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.”
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I am finally back again after a 3 months blog hiatus. Not crushed or lost in space. I have started lately on a regular 35-hr work week and on my rest days I was preoccupied with taking care of family, household chores, going out with friends, reading novels and basically chilling. No inspiring topic here, just some quick updates. Inflation Despite most impacted by the rise in food prices, in terms of household expenses inflation, my family managed to get by comfortably enough on tingkat and homecook food. My next highest personal expenditure, after transportation, is meal-out with friends. With my regular work hours, income level has improved with slight sacrifice in terms of energy level. So I figured it justifies having those $20-per-pax dinners occasionally. I am made poorer too by my favourite eat-out food that have gone up in price by 10% or more! Mcd FOF meal $5 --> $5.80, Stuff'd chicken burrito $7.30 -> $8.10, Subway value meal $5.90 -> $6.50. T.T Currently going
I have been watching the bearish market unfold on the sideline, one that whacked almost every single asset class except for oil. Gold was not spared either as its price is sensitive to the Fed's rate hike. (Since it is mostly used as an inflation hedge in an investment portfolio, the non-yielding asset will have continued selling pressure if Fed continues its interest rate hike.) The worst of the bear-beaten lot must be cryptocurrency. Summer seems officially over and I don't know how long will this winter lasts. The massacre just got worse these few days. I was too confident and complacent last year to not harvest a fair share of profits while the sun shines. At the beginning of this year, I still DCA-ed into a few of them and thought maybe the sky was just... cloudy.. Until the hail storm comes, I have finally awoken to the fact that it is really winter now and how one catastrophe can trigger huge ripple effects. Some of my holdings with biggest price percentage decline: List
Richard Coffin @ The Plain Bagel Quoting - "Often I ll see someone promoting FIRE as something that comes down more to mindset than your circumstance as though it's something available to everyone." Quoting - "Whether it's worth taking the risks and downsides associated with FIRE comes down to your own VALUE ." My takeaway on whether FIRE is for one or not is very simple - Can FIRE bring you what you desire and enjoy in life? Related posts: Retirement planning 3 ways (NOT) to be a post-retirement sluggard Thoughts about Financial Freedom part III Thoughts about Financial Freedom part II Thoughts about Financial Freedom part I Like what you read? Follow me on Facebook or Twitter for updates and news I dig. Check out my referrals for fantastic sign up bonuses on SAXO, Moomoo, Gemini, Celsius, Blockfi and more. 🤗 Thanks for reading!
Why I do Defi on Polygon chain? It is because the gas fee is really low compared to many other chains out there, easy to bridge asset across and dApps on chain are aplenty. Matic incentives are still ongoing, although not as plentiful as during March-April period this year. I find it a pretty decent starting point for those who are dipping their toes into Defi as one won't get "heart attack" from gas fee shock if one encountered a failed transaction or accidentally double-sent one. (Ethereum gas fee per transaction average $15 - $30, may be higher depending on the complexity of contract.) So you can play around to your heart's content, just don't get rug-pulled . Below are two routes that I have used to onboard Polygon. Onboard routes 1. Ethereum-Polygon POS bridge The "official way" (before other bridges or crypto.com allow transfer) is via the Ethereum-Polygon POS bridge. You can read the step-by-step guide here. It would be for those who already
What is Curve Finance? Before we dive into the tokenomic, I would recommend reading this article as a primer if you are not familiar yet with the Curve Protocol - Three minutes to take you to understand Curve Finance, the king of stablecoin trading platforms . (The article took me about 13 minutes to read instead of 3!) [I have purposely coloured the texts of various tokens such that it is easier to differentiate them as you read.] CRV is the native token of Curve Finance and distributed as reward for providing liquidity to the protocol. Now let's take a look at the brother protocol of Curve which serves a different purpose - Convex Finance. What is Convex Finance? It is a protocol that allows liquidity providers to earn trading fees and claim boosted CRV without locking up CRV themselves. Liquidity providers can receive boosted CRV and liquidity mining rewards (on Sushi) This means that one can stake their Curve LP token with ConvexFinance to get Convex LP tokens and then stake
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The contents of this blog are author's personal opinions and do not constitute advice to hold, buy or sell any securities, commodities or assets mentioned. I do not guarantee the accuracy and reliability of any information provided, and shall not be liable for any losses incurred from reading my posts or using the materials herein.
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