I'd like to give a shout out to MegaETH that made me convert a portion of my portfolio to stables which will: A) allow me a clean 2-3x on that amount OR B) remain in stablecoin & take part in stable yield farms so i can keep surviving
CT feeds actually eerily quiet. The market is still feeling the after effects of the 10/10 crash. Pretty evident that risk controls for Crypto traders still remains really poor even after so many cycles. Pretty ironic that we used to have 20-30% drawdowns on BTC /ETH that rekt alts 40-50% in a single day but CT still remained more lively than today. The current state of the market chops 3-5% both ways and slow bleeds down over a longer period of time. Traders trading purely crypto will just need to adapt to the times and adjust how they trade the market. The market evolves overtime and its up to traders to make use of the tools available to best establish your edge. Over the past few years, new tools have been available to allow you to diversify your portfolio without the need to offramp to fiat. - Tradfi markets exposure are available on Ostium, HL and CEXes - Fixed yields for stables available on Pendle through PTs - Crypto cards that allow direct spending in fiat - UR, EtherFi - Launchpads that allow you to participate in early rounds of upcoming projects - Echo, Kaito I'm not saying that you should not off ramp from crypto. Everyone should do it periodically to have a safety buffer and not be over exposed to the volatility of crypto. But we should always be fluid and adaptable to have a well balanced portfolio and utilize new tools to improve your portfolio. The markets are maturing and with it comes the need to be aware of the new risks involved and position yourself for it. Its really up to you to utilize it to weather the storm of a bleeding market. I've been around the industry for awhile and will be around for the years to come. Users have to grow together with the market and position themselves to outlast others that fail to adapt. Remember that trading is a zero sum game and surviving can also be an edge when shit hits the fan. Survive. Always hedge your portfolio and live to trade another day.
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