The terrible data coming from the U.S. economy has destroyed all the markets as the positive sentiment was slowly gaining power during the weekdays. Since the markets had been bleeding at the same time, new investors were hesitant to take part while the existing bag holders were not sure what to do after such a drop.
The investment itself has pretty basic sets of strategies but the reality is never that easy to apply. The majority of the investors do not have any problems with buying things cheap, though they cannot find the dip, they are able to buy assets from " reasonable / investable " levels. What is the most challenging side is holding the coin until the top of the bull market in the cycle.
Most of us cannot control our emotions and sell all our bags when we hit 2x from the purchase price. Even the current scenario sounds pretty good for the altcoin investors who have been in crypto over the last 2 months.
Dip goes Deeper
The altcoin market is not able to catch up with the trend in Bitcoin and Ethereum that got approval for spot ETFs. Even though the trades have not started for Ethereum, the price actions started when the day it was approved.
Over the last 69 days, the altcoins have not seen higher highs as the atmosphere in the global economy got damaged by the central banks' policies, data and global risks.
Contrary to the fact that Bitcoin and Ethereum stand strong, the rest of the market crashed to the lower price channels.
At that point, 3 things might be your best friend:
1 - Stop loss set earlier
2 - Stablecoin on CEXs or wallets
3 - HBD in your Hive wallet
The 20% APR for HBD in savings can be more than just 20% if we consider the mobility it provides in such " deeper " days. Anyone with some stable funds can easily buy cheap HIVE, Top 30 coins, or even almost free meme coins while they are close to the bottom of the channel the price fluctuates.
Considering the hype, some AI & RWA coins can be added to the portfolio more or the Layer 2 projects' tokens might be cheap, too. This is up to your investment preferences! Personally, holding at least 15% - 20% stable provides me more flexibility as an investor, it can be a good option until the bull cycle comes out.
How much is allocated for stablecoins in your portfolio?
Share your ideas below 👇
Hive On ✌️
Posted Using InLeo Alpha