Hello guys
I cannot say I am sad because the market is going down. I could's say I am happy, neither. But we need to deal with the things we are facing, so, let's see what can we do now:
as I stated in a previous post, if you are a big class crypto investor and (almost) all your holdings are (already) down, you have the 4 options:
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sell and accept your loss, maybe reentering at a lower price if it's possible
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HODL
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buy more, for making a Dollar Cost Average with your portfolio
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buy new good projects at a discounted price
The key point is looking for solid projects, not some balloon type, with no sustainability, like Safemoon or stuff like that.
Remember this before throwing your money in crypto and you will be safer when dark times are coming (and the BTC is still 2 times bigger than in January!)
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Averaging our entering price of investment
Let's say we are having in our portfolio only good projects and we are trying to make a Dollar Cost Average. This will give us a better gain for the next up, so the next step is to easily monitor what is happening next: if the price is going up, we are in a good position. If we are still dropping, we can make another buy at 30% lower than the previous acquisition.
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But what about new opportunities?
Not everything is bad in a price dipping situation. We can catch something very promising for the long term. But where should we look now? This is an opportunity to fill our bags with something we missed at the right moment.
I will not make an impressive flow of words now, but I will start to mention some projects to take in consideration. The order is random, so, you'll make your prioritization as you consider:
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ROOK (Keeper DAO) -
TL;DR (too long, didn't read) - Keeper DAO is "a decentralized organization that provides liquidity to markets of smart-contract-based solutions, by providing the underwriting of contracts. These underwriting contracts are created in order to give an incentive for participation in the KeeperDAO.
KeeperDAO will provide an on-chain liquidity mechanism using derivatives. Token holders will be able to collateralize their balances, from which they can either liquidate and regain access to their collateral or lock the collateral for a set period in order to draw earnings."
The price is going deep down and I will hope for new lows.
It could be a complicated mechanism, but in short - this project is an automatic investor. Take a look at it and we will talk later.
You can have a starter point for research here - https://coinmarketcap.com/currencies/keeperdao/
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TRB (Tellor) -an Oracle like Chainlink, BAND Protocol or DIA, backed by Binance Labs and listed on their exchange, with a very small max supply
More resources here: https://coinmarketcap.com/currencies/tellor/
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CAKE (PancakeSwap) - the Uniswap of Binance Smart Chain. I had a quite adventure with it, but my bet is on this platform. Buy some, stake it on their platform for a nice yield doubled (or tripled) by the price gain in the future
You can start reading from here - https://coinmarketcap.com/currencies/pancakeswap/
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Harvest Farming (FARM) - another farming aggregator, with some quite history here - with two chains onboard: Ethereum and Binance Smart Chain.
Also, good for buy and staking in these moments.
Link with charts, documentation, etc - https://coinmarketcap.com/currencies/harvest-finance/
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Syntropy (NOIA) - the web 3.0 on blockchain - a censorship resistant internet. What else could you desire more as a sustainer of independence and liberty? The price is trying to go to the level of february and yes, I'd like to see it even lower, because this is a solid project with nice returns in the near future
Almost all you need to know is here - https://coinmarketcap.com/currencies/syntropy/
That's all for now folks. You have some material for study. Take a look and give me your thoughts and maybe suggestions for other projects.
This is only the first part. I will have at least another 3 episodes with 5 projects to look at on each one, so, keep in touch!
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