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RE: Power-Down started: thinking out loud plans for the bear market.

in LeoFinance3 years ago

The problem for people like me is that 99% of our wealth is floating around in crypto, and I hate banks. I mean, a lot.

Same here... Not one dollar held on my bank account. Crypto and cash.

With stablecoins it's not difficult to average a 5% APR, even 10% in some cases (cough ** HBD ** cough).

Other options than HBD? I honestly can't trust it as a stablecoin. I've heard crypto.com offer decent apr for staking USDT.

I lived with less than 400€/month only a few years back

I did that in 2020 when the plandemic started. I still regret not buying more crypto then.

Bitcoin and its next halving will mark the path to follow.

What if this next halving anticipation has already triggered institutional FOMO and a super cycle?...

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Other options than HBD? I honestly can't trust it as a stablecoin. I've heard crypto.com offer decent apr for staking USDT.

Nexo is excellent for earning some solid yield on a safe, insured platform. Up to 12% APY (if you're a non-US citizen and choose to earn rewards in $NEXO tokens), with a max of 10% earned in stablecoins directly. I've used them for like a year and a half and earned some great returns, you can also hold other coins here as well and earn 6-8%.

Also a Nexo fan.

Pancake in BSC, Curve in ETH, I also heard that Terra (UST) is awesome.

What if this next halving anticipation has already triggered institutional FOMO and a super cycle?...

I believe the next bear will be less 'aggressive' for BTC and ETH, but this won't avoid a -50/-60% later in 2022.

Are you noticing your 'this time is different' masked in your words? Be careful my friend. I'm not a bear nor a blind bull. I suffered my part (like you) in 2018 while I biased/convinced myself with the 'this time is different' argument.

Hope you're doing great.

I will take profits no doubt, but this thought keeps haunting me 😁

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