Are you good at taking profit? I try to take profit regularly. I might not withdraw the money and transfer it to my FIAT account, but I do sell tokens for stablecoins, meaning that I have stables that can be withdrawn to my bank account at any time, and if something should happen, I can also use them to invest in more crypto (if the market should drop a lot).
In the midst of this, I just thought about the fact that it is important to invest in your stablecoins. What does that mean? Have you thought about it... if the market should fall apart and we enter a long-time bear market, then the price of all cryptos will drop. But, if you have a good solution that will boost your stable coin rewards, wouldn't that be great?
That is why I have invested a bit of money in Platypus FInance and their PTP token. Do you know why? You can learn more about Platypus Finance right here. But, if you hold PTP, you can actually enjoy a decent boost on your stable coin rewards. And guess what, if a bear market comes along, people will for sure be eager to boost their stable coin rewards... and thus, then PTP and other similar tokens would for sure turn more stable than most other tokens (be it junk tokens or not).
Invest in your stables!
So, this is my little piece of advice today. Think about an upcoming bear market and take profit. But, if you can, then also think about how you can boost your stable coin rewards as much as possible. That is a good advice, because knowing that you get a 1% interest in your bank (if you are lucky), then it might be wise looking for stable coin opportunities where you can get a 10%, 20%, and maybe even 30%, 40% or 50% interest!
And then it might even be wise to invest in such platforms if owning a certain token can help you boost your stable coin reward.
These are just some thoughts and not financial advice.
Do you have any thoughts yourself? Are you investing and working on growing your stable coins?