Red in the market: Maybe this is the chance to diversify. by cryptothesis

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hive-167922 · @cryptothesis · Aug 6 '24

$9.37

Red in the market: Maybe this is the chance to diversify.

The market has not been on a rollercoaster lately, it is just freefall!

## The 30% dip: A challenge or an opportunity?

Some of my assets are down 30%. Just look at Hive and Leo!! Very concerned and also intrigued. On one hand, seeing those red numbers isn't fun. But on the other, I can't help but wonder: is this a chance to double down?

But no. No more cryptos. I have enough. I need to diversify.

I'm seriously considering buying more of these beaten-down US stocks. The old "be greedy when others are fearful" adage keeps ringing in my ears. But I'm not jumping in blindly. For eac stock, I'm (telling myself to) asking myself:
- Is this going to be the 100 baggers?
- If I liked it at the higher price, shouldn't I love it at this discount?
- Can I stomach even more volatility if the stock continues to drop?

I'm leaning towards making some selective purchases, but I'm being extra cautious about which stocks make the cut.

I'm eyeing what I call "cheap but good" stocks – companies with strong fundamentals that the market seems to be undervaluing. It feels a bit like treasure hunting. I'm not going all-in, but I'm considering allocating a portion of my portfolio to these potential gems.

What's your take?

I think this is my way of getting distracted with being a brand new investor once again, instead of brooding over losses. Maybe this is the chance to diversify.

Remember, I'm just sharing my thoughts and potential plans here, not giving financial advice. We're all on this journey of financial discovery together, trying to figure out what works best for us individually.

![](https://images.ecency.com/p/3W72119s5BjW4PvRk9nXBzqrPWMsMTjNrXDPFFf11w8sqrApKbjxGWhVrTx6SjroPuX8WJ7NPjsQf5VfPF8zjKWXKea3n66B7Xhsgjx3Jy1nm5fcHGZuVG.png)

Posted Using [InLeo Alpha](https://inleo.io/@cryptothesis/red-in-the-market-maybe-this-is-the-chance-to-diversify-khb)

👍 leo.voter, niallon11, academician, ecency, pouchon, slobberchops, diverse, steemaction, rynow, svanbo, bitrocker2020, rima11, raiseup, shawnnft, dlike, takhar, neal.power, bhattg, rmsadkri, ardina, atma.love, dhedge, nytehawker, bala-leo, industriousliv, felt.buzz, good-karma, edian, cindy911, scooter77, jhymi, jeffjagoe, isnochys, leoschein, venarisyndicate, scaredycatguide, holoferncro, arrliinn, anonsteve, x9ed1732b, steentijd, tsurmb, sirclucksalot, hiveaction, humbe, coriolis, pouchon.tribes, mshakes, samminator, agro-dron, getron, p1k4ppa10, india-leo, grabapack, sumotori, leo.tokens, scrubs24, moretea, balvinder294, scraptrader, esteemapp, megavest, secondbrain, officialhisha, and 58 others

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leoschein	10,010,185,534	9.5%
leo.tokens	4,060,800,185	19%
elongate	630,518,982	19%
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creodas	489,039,191	14.25%
photolovers1	536,912,161	0.5%
steentijd	7,380,514,131	9.5%
newbies-hive	697,933,752	9.5%
menzo	587,470,930	1.9%
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cervantes420	499,467,936	19%
njker	535,496,372	19%
scrubs24	3,763,229,520	14.25%
djrockx	2,005,992,007	13.3%
eolianpariah2	1,545,181,196	0.5%
tonton23	565,441,955	9.5%
academician	733,685,778,774	100%
svanbo	108,004,650,374	70%
waivio.welcome	747,431,048	1.45%
methodofmad	422,600,055	40%
india-leo	4,617,083,028	50%
saboin.leo	84,534,351	23%
grabapack	4,532,093,882	9.5%
venarisyndicate	9,896,444,805	9.5%
khaltok	1,683,448,020	19%
shawnnft	85,071,232,440	49%
sirclucksalot	6,277,060,184	40%
micheal87	678,061,593	19%
leo.tasks	989,687,099	19%
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p1k4ppa10	4,716,356,529	5%
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modiji	1,694,759,062	50%
hiveaction	6,073,143,492	19%
contestbox	468,635,203	9.5%
mshakes	5,715,513,577	19%
toryfestus	515,168,607	5.7%
secondbrain	2,438,416,837	100%

@daniasi · Aug 6 '24

$0.03

@daniasi "This is the financial market friend, there are no ..."

This is the financial market friend, there are no certainties. Nevertheless, a zag is always an opportunity for a follow up zig

👍 cryptothesis, dustsweeper

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@cryptothesis · Aug 6 '24

Nicely put

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@india-leo · Aug 6 '24

Indiaunited Curation 1722962503737

This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators. 

<sub>**100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.**</sub>

👍 cryptothesis

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@shawnnft · Aug 6 '24

$0.03

it was a good buy in TT i missed it tho

👍 cryptothesis, dustsweeper

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@takhar · Aug 6 '24

$0.03

Selective purchases will work well right now, there could be a couple stocks that are heavily undervalued currently. The hard part is finding them :(

👍 cryptothesis, dustsweeper

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@cryptothesis · Aug 6 '24

Yeah

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