Oh, you thought it was over? It's not over.
The point of pain in the market is to deliver pain. That dump you're not ready for. The run up you miss. Waiting you out until you get frustrated and sell only to watch your investment skyrocket. You're going to hear "crypto influencers" who were telling you to hold start changing their tune. You will literally feel PAIN.
With that in mind, you should all be fully prepared for a bitcoin dump back to $50,000. If support breaks at $50,000, we could be headed back to $40,000. Even a drop that strong would not negate the bull market trend.
If you're not leveraged, "fully prepared" is totally mental. All you have to do is hodl & put aside some fiat so a life emergency doesn't force you to sell.
If you are leveraged like I describe in this post or this post, you have to watch your collateralization rates. Those rates are actually more important than the price of any coin, because your only real risk is the risk of liquidation if your collateral asset value drops too low.
The number one thing to focus on is number of coins. Not price. I am yield farming through this dump to end up with more total coins tomorrow than I have today. I'm using low cap alt yield farms as well, which I expect will have a real dump in terms of fiat dollar value over the next few days or weeks. Doesn't matter as long as I don't have to sell. Here's a simple example why.
Let's say I have 5000 SWAP. Before the dump, SWAP was sitting @ $5. It's now @ $3.50. If I was worried about dollar value, I just lost $6500. Oh no! That's a used car. I better sell right now, right?
Wrong. I don't see -$6500. I see that I have the SAME number of SWAP as I had before, and those SWAP can be used to farm other coins. So I don't sell them; I stake them. Right now they farm SOTA at around 100% APY. I'm going to get around 500 SOTA per week.
So two weeks later, when SWAP returns to its $5 price, I now have 5000 SWAP and 1000 SOTA.
But what if SWAP never returns because bitcoin is at its top? What if the bull run is over?
Bitcoin volume continues to drop on exchanges, DOGE is still pumping, and the Wall Street cabal is conspiring with Washington to release a crypto ETF precisely when the market is at its lowest. Everything is fine, so shut up. Farm, watch your collateralization rates, and shut up.
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AlucardCrypto Telegram JoinUp Link ---> https://t.me/joinchat/PLIHXADNvqNlMTg1
Once we hit 10K followers on Publish0x, we're doing exclusive AMAs. I believe that's a first here, so let's do it!
YOUR GUIDE TO MAKING MONEY IN CRYPTO STARTS HERE ---> Making Money in Crypto Part 1
Why you should buy your Tesla (and everything else) in BTC ---> Why You Should Buy Tesla With Bitcoin
Find out why Chainlink 2.0 is a problem for your freedom ---> Why Chainlink Will Kill Crypto
Gems I'm investing in:
Privacy - Swirl
Health - Defit
Banking - Fortube
Gaming - Abyss
