Are We Reliving November 2021? Why I’m Hedging Despite Bitcoin at $100k

By Bfab | Good vibes | 9 Dec 2024


As Bitcoin flirts with the $100k mark, I can't help but feel a sense of déjà vu. The market euphoria and bullish declarations from influencers remind me of November 2021, when Bitcoin peaked at $69k, and most of us believed the bull run was far from over. We all know how that story ended: a brutal bear market that wiped out portfolios and taught many of us some hard lessons.

This time, I’ve decided to play things a bit differently. While I still hold altcoins with strong fundamentals, I’ve adjusted my strategy to protect against potential downturns. Here’s what I’m doing:  

1. 30% Stablecoins  

   I've allocated 30% of my portfolio to stablecoins. This gives me dry powder to reinvest if the market dips and provides some stability amidst the volatility.  

2. Swapping Performing Alts to BTC

   When my altcoins perform well, I progressively swap them into BTC. Why? If the bull run continues, Bitcoin will likely lead the charge to new heights. But if the rally falters, BTC typically suffers less than altcoins during a downturn.  

3. Staking BTC on Lombard for Lux & Babylon Points

   To maximize my BTC, I’m staking it on Lombard via the Base blockchain. This earns me Lux and Babylon points, setting me up for a potential future airdrop. If you’re holding BTC, consider doing the same - please DYOR. Use my referral link below to join and potentially benefit from the airdrop:  

https://www.lombard.finance/app/?referrer=uubno2

The market is full of possibilities, but caution is key. Whether this is the start of a Bitcoin supercycle or another overhyped peak, I’d rather stay prepared. How are you adjusting your strategies? Share your thoughts below!

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