In this clip from the LeoFinance AMA, we compare the 2018 Crypto Bear Market to the 2022 Bear Market we're experiencing today.
Bear markets hurt especially hard relative to stock market pullbacks. In typical fashion, crypto bear markets can tank your portfolio 90% or more.
I've made it through many market cycles but this one is truly different for me. In this clip, I talk about one of the strategies I used to see my portfolio lose only 35-45% of its value as opposed to the 90% losses that were typical in the last bear market.
Much of this is centered around the adoption of stablecoins. I'm holding a lot of my liquid capital as stablecoins in the pHBD-USDC and bHBD-BUSD pools. These are stablecoin pools and the bHBD one is paying 30% APY.
So now a good chunk of my portfolio is not exposed to the broader crypto market. Simultaneously, it is earning yield and compounding itself.
Outside of that, the name of the game in crypto winters is to stack sats and hodl. Its just a matter of time until it all comes back, but that could be 1-4 years. It's important to keep a solid runway and be prepared for a long winter.
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Our mission is to put Web3 in the palm of your hands.
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Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io