You can't reap the rewards of the next bull cycle if you fuck it up during this bear market.
Defense wins championships.
Crypto will break ATHs again, but not all projects will make it. That's why it's important to position yourself correctly.
Real wealth is created during bear markets.
But no one shares practical advice other than "buy the dip".
Here's your playbook to make the most out of a bear market:
(+ a few sample portfolios)
You can't reap the rewards of the next bull cycle if you fuck it up during this bear market.
Defense wins championships.
Crypto will break ATHs again, but not all projects will make it. That's why it's important to position yourself correctly.
• Figure out your balance: stables, low risk, medium risk, & high-risk plays.
• Then decide on Projects.
I created a few sample portfolios for you to look at.
(education, not financial advice 😏)
• 🔥: ETH / AVAX / TERRA / FTM / COSMOS
• 👍: CRO / SCRT / NEAR / METIS
• 👎: ADA / SOL / BNB / DOT
Don't get salty if I don't like your coin - Invest in whatever you want.
I love ape'ing into shitcoins but now's NOT the time.
My 2017 classmates remember why.
These smaller-cap plays might be dead by the time the market recovers.
Blue chips have more funding & adoption.
Safe now - Ape later.
You should be heavy in stables now (25-50%).
I get it, they're not sexy.
Their job is to reduce the volatility in your portfolio and preserve capital.
I think of stablecoins like bonds in TradFi.
(+20%) is better than losing another (-70%) from here.
I like to keep it simple with @anchor_protocol (Terra) for 19.5% APY.
More advanced players can check out:
• @platypusdefi (@echidna_finance / @vector_fi)
• @hundredfinance
• @edgeprotocol
• @beefyfinance
Use @0xcoindix to compare rates.
• Algorithmic stable coins can de peg.
• USDC / DAI / USDT are centralized. Governments could freeze.
Diversify your stablecoins.
You can also hold fiat. Then again, holding fiat is a risk due to inflation.
Pick your poison.
I've made the mistake of buying the dips as soon as they happen.
Don't catch a falling knife.
Ex. Buying the ETH Dip in May 2021 at $3800, and then it drops down to $1800 a few months later.
So when should you buy the dip?
Instead of $1k on ETH today, you buy $167 on the 1st of each month for the next 6 months.
Don't underestimate simplicity.
And you're not going to beat yourself up if you mistimed it.
I get asked all the time for low-budget strategies.
Stop wasting hours on Crypto Twitter & discord.
You're better off increasing your earning power or creating a second income stream.
And then investing in blue chips.
Start with $100k? You have to 10x.
Start with $10k? You have to 100x.
It's easier to build a bigger war chest & 10x that than to 100x a portfolio.
This isn't DeFi related, but let's talk about increasing your earning power.
Negotiating is a skill.
NO ONE cares how hard you work - you're paid based on how hard you are to replace.
Don't be afraid of asking. Closed mouths don't get fed.
Also, job-hopping is the best way to increase your salary.
Build an audience.
Figure out their problems.
& SELL them solutions.
My friend is into male fashion.
He sells eBooks & courses on male fashion.
& invests everything into Crypto.
No fashion degree.
No experience in fashion.
Just pure hustle.
