I was going to write a woe is me post, but I decided on this topic. Instead of feeling sorry for myself because of my portfolio going to shit, I thought of something that I could do that was positive. Make YOU feel bad.
This is what all of you idiots get for celebrating "duh institutions" buying up crypto bags. Hey idiots, institutional buyers can just as easily become institutional sellers. And they're institutions. They don't give a fuck about this shit. Crypto was your golden ticket. Crypto was their lotto ticket. It goes belly up, they're still all on the yacht laughing about it. If you're lucky, you could maybe beg one of them for a job cleaning up the toilets on the yacht.
While all of duh institutions were buying up, I was yelling that this bullshit about super fast adoption and mainstreaming crypto was bad for the space. And everybody continued to celebrate. And now look — you're selling your bags for less than what you paid to the very institutions you thought would make you rich. They fooled you again, just like Wall Street's been doing for decades now.
And lemme guess what comes next. The media picking up on a story of some fat sorry schlub in Nebraska getting rekt in crypto and shooting up a school or something — any story that regulators can use to justify passing legislation to gatekeep the industry. Too bad so sad if you're a US citizen. Say goodbye to all those 100x opportunities — they'll soon be hoarded by accredited and properly licensed "professional" investors from now on, just like every other investment opportunity.
Perhaps more people will listen now and learn what crypto is really all about now that duh institutions have turned this market upside down on your asses. Oh wait, there's nobody around to listen any more. Yall already got wiped the fuck out.
When the last of you is gone, you can bet this market will turn around just as fast as it dumped and skyrocket out of your budget. The turn will be just as fast and unexpected as the dump, and you'll catch wind of it just early enough to miss out.
As for those of you who listened to me but still may be a bit underwater, here's your bear market strategy. One of em, anyway.
The fundamentals of owning good projects and buying low never change. You can use defi banks and yield farms to 1. keep your buy-the-dip capital coming and 2. mathematically ensure 100% that you are always outperforming the market. When the market comes back, you'll have more coins than you did before. So if and when the market hits its former level, whatever level you choose to measure that at, you'll have a higher net worth. I've detailed this strategy before, but I'll do it again for those who really listen to me.
You want to stay with leveraged exposure to the market. You can easily create safe leverage for yourself using a trusted defi bank. Deposit what's left of your rekt portfolio and borrow 20% in a stablecoin against that collateral. I use ForTube because of a reason I'll detail later. And please don't do this on fucking fuckface Ethereum Network. High fees coupled with your shitty net worth make this strategy untenable. Do it on BSC or Solana or Matic or ANYWHERE except Ethereum Network.
Take that borrowed money and swap it into the highest yielding yield farm you can find with two safe projects involved. No shit tokens, no dog coins. Quickswap has some good ones. An example of a safe farm would be UNI-ETH or UNI-QUICK.
What you have now is 120% exposure to the market and a non-stop money printer that is hedging your net worth as the market falls. Yeah, your total net worth is going to fall, but you cannot, mathematically, fall as much as the market. You are generating positive yield every block. So you're automatically outperforming.
Every day or every week (depending on the size of your farm), take your rewards and flip them back into the yield farm. This will increase your rewards.
The reason I use ForTube bank is because they have a FOR-BUSD pair that pays out an APY between 200-300% AND you can use this pair as loan collateral. I take all of my yield farms, flip them into THAT yield farm, so I'm earning APY on that LP while I then borrow against it to put back into a second yield farm. This is the only thing keeping me from killing myself as I watch duh institutions shatter my dreams of properly wooing my romantic partner and honoring my parents with nice things.
Watch your collateralization rate so you don't get liquidated. You only started borrowing 20%, so you should be safe. But flip the rewards back into the bank if you get too close for comfort.
If you don't understand what I'm saying, just do it and thank me later.
I'm also open to other ideas about how people are weathering this market. Short experts especially welcome, because that's a part of my trading skill set I'd like to improve.
I also want to take this time to pray that Coinbase goes belly up because of this shit and has to unpublic itself. I say this while owning Coinbase stock because I sold the fuck out trying to make a quick buck and paid for not sticking to my guns about not investing in sellout companies with racist fucking skinhead piece of shit dirtbag founders.
Retail, retail, go away. Come back and pump my shit 'round October, 'k?
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AlucardCrypto Telegram JoinUp Link ---> https://t.me/alucard0x
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
