The market is indeed bleeding, everything is changing in price (and yes a downtrend to be more precise) except stablecoins. Let me add this early enough, if you don't have enough capital, stop dancing around in the financial markets. days like this are bound to come, I will be analyzing this in the later part of this article. Getting back to stablecoins, we mostly find it swinging around $1 and $0.98 cents.
If this were to be the fate of the altcoins industries, many wouldn't be bothered about yesterday's incident that introduced another crypto bloodbath. President Trump again making things complex for altcoins investors.
It still sends out that message, whatever is volatile, trade with caution. Caution of course can be the investment strategy deployed. Personally, I like thinking long but I will just be breaking it down in this article and it is left for anyone to find his fitting shoes
Positions were sleep and yes the ground is fresh for a start over. It is easier to say than bearing it. When you see your long standing portfolio summersaulting over night it can become more of a market nightmare. No one saw this one coming. I saw the changes even in my small portfolio so you can imagine how the big bag holders will be feeling right NOW.
source
The current situation seems to be like storing eggs in different baskets but yet turned out it was the same basket in its entirety. The words of Warren Buffett playing out here again; projects that solve difficult problems bring so many challenging and disturbing returns and worse of ALL bad one ghost away.
Maybe, just maybe, one of the careers I would have tried avoiding is being a financial adviser. I mean, how do you go about when a volatile market like crypto goes on reset button? He has been a melting heart process for crypto enthusiasts. gold is hedging as we speak while altcoins are in market jeopardy. This turned my attention to stablecoins and I will be focusing on HBD (Hive backed dollars).
What's the price of HBD now? From the above, we are still looking at the same predicted price swing. Can this be an underestimated token in this Ecosystem? I think so, but yet it keeps producing results. I am just imagining its tokenomics and how it helps to evade the volatile crypto space. Should we NOW be turning attention to stablecoins such as HBD?
Without arguing much, I think it is a yes. If you want to walk through the dangerous market of a volatile environment like altcoins, you need to leverage stablecoins. How, hold as much HBD as your crypto tokens too. This is what I missed to do or should I say; what not having enough capital has caused me to miss.
source
For instance, if you are holding $1000 dollars worth of Hive, it is also smart to hold $1000 dollars worth of HBD. The advantage here is this; staked HBD pays 15% APR currently. There were times this was at 20%, I don't know when it will get back here again. Indeed that was one good ROI.
It means if the market should slash 15%, you are not at a loss. Ok, let's say it slashed by 30%, for others that's a 30% loss but it will be just a 15% loss to you. Adding to that, a smart investor knows the best step at such a 30% loss after a correction and a bounce back is to buy that current dip. Indeed, investment is a business of capital. One would have leveraged the awaiting HBD ROI to buy more of the down Hive tokens.
To conclude, let me add, down token and coins not HBD. A good opportunity to convert and add more stakes. Success in the crypto space will continue to rely on pairing stables with the right assets. Beyond just as liquid the asset may be, the future of such assets must be well considered.
This is where Red candles wouldn't be that bothering or burdensome as the case may be. Ok, maybe this is coming a little late because many and including I have faced some losses for now.
Posted Using INLEO
Congratulations @daniasi! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP