Everybody warned you about this drop... & it happened! Time to use these Stablecoins? by vlemon

hive-175254 · @vlemon · Jul 20 '21

$3.69

Everybody warned you about this drop... & it happened! Time to use these Stablecoins?

Hello HODLers,

![image.png](https://images.hive.blog/DQmRk8XmoGA9wBtqaabD7nocigXwrfUGkop2S8Cwr1tJwoo/image.png)

Well, the past 48 hours have been quite rough on my Crypto Portfolio as Bitcoin and Altcoins decided to bleed out.

![image.png](https://images.hive.blog/DQmR1R3znksgZtNmbrYrbRDuyzkGo8L8mUBs1UE7S5dwppY/image.png)

**I do not think there is a specific reason for it even if I read some journalists to find some dodgy explanations. I believe the market overheated around 50-60k per BTC and after this new retail wave came in, numbers have just been trending down.**

DeFi kicked the last bull market and I think I might know what will start the next one... But this will be for my next post.

As of now and if you followed my previous posts, you know **I invested some of my assets in StableCoins to earn a 45-50% APY.** If you missed it, here it is: [Do you know 🐰 RabbitFinance.io, yield optimizer on BSC?](https://leofinance.io/@vlemon/do-you-know-rabbitfinance-io-yield-optimizer-on-bsc)

![image.png](https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png)

#### What to do next?

First, I am very happy I took that decision as the value did not move and I am still collecting this yield.

**BUT as you can see below, yield for Stablecoins went down as more people moved to safe assets or lowered (REKKKT?) their leverage and therefore the utilization rate of these coins went down.**

![image.png](https://images.hive.blog/DQmdDLmei7cXz1yuzcjVUZvwNgUhEe2dekdU1QREM1UEF4C/image.png)

Therefore I am thinking of closing these positions to get some Altcoins (BNB, PCS, etc...) or even Bitcoin at lower prices.

The fees and low yield would make this transaction almost neutral at the moment.

**I am also thinking I might wait a bit longer to see if we bottomed yet.**

![image.png](https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png)


#### Any thoughts on where we are and where we are going?

#### Which coins are a steal right now?


![image.png](https://images.hive.blog/DQmVsxUBNSEttko3J3d7LDXL9BWGYLXLXAs798Z1EPjeUdf/image.png)


#### Latest Analysis

* [CUB Community: Call to arms to be listed on Zapper ⚡ !](https://leofinance.io/@vlemon/cub-community-call-to-arms-to-be-listed-on-zapper)

* [Alpaca Finance: BSC Yield Optimizer and Leveraging your tokens !](https://leofinance.io/@vlemon/alpaca-finance-bsc-yield-optimizer-and-leveraging-your-tokens)

* [Do you know 🐰 RabbitFinance.io, yield optimizer on BSC?](https://leofinance.io/@vlemon/do-you-know-rabbitfinance-io-yield-optimizer-on-bsc)

* [$GODS Unchained Tokens are coming !](https://leofinance.io/@vlemon/usdgods-unchained-tokens-are-coming)

👍 project.hope, eric818, gunthertopp, crypto.piotr, ph-support, hingsten, xeldal, bippe, teammo, enki, xpilar, vlemon, penguinpablo, reflektor, tocho2, emsonic, unbiasedwriter, bigpower, chesatochi, mes, dcooperation, mauromar, qurator, roadofrich, ph-fund, mccoy02, cryptonized, mrsquiggle, meppij, axel-blaze, franyeligonzalez, samminator, reeta0119, eberechi10, luckyali, arunava, beargame, machnbirdsparo, fombae, madridbg, solarwarrior, adol, juanmolina, upme, janettyanez, bambuka, iansart, ew-and-patterns, churchangel, joelagbo, jasonmunapasee, rbalzan79, cesky, mbemba2310, amestyj, josegma96, valchiz, carlir, make-a-whale, simo-og2, hardaeborla, helengutier2, armadilloman, lays, and 123 others
👎 himoer, frityhe

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voter	rshares	pct
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eric818	811,203,064,464	40.8%
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vlemon	227,057,772,467	100%
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qurator	35,176,384,000	5.71%
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mariu.espinoza	826,024,139	51%
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erica005	2,886,883,864	51%
stever82	4,228,238,937	12.75%
carlir	8,806,020,960	51%
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deepakgurau	21,010,091	12.75%
anhvu	600,205,472	13.77%
dcooperation	50,283,937,718	100%
lht	0	15.3%
rabin55	12,587,756	12.75%
a-steem-whale	0	25.5%
reteem	262,460,488	15.3%
sumit71428	6,190,752,024	25.5%
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chucho27	3,413,043,599	51%
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haclong	0	15.3%
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bambuka	13,629,997,931	5.1%
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forplankton	0	15.3%
tocho2	130,467,966,416	25%
isaacromero	70,483,220	12.75%
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dineshtamang	0	12.75%
roadofrich	34,833,880,270	40.8%
madhab	12,827,568	12.75%
inven.cu01	0	20.4%
helengutier2	7,756,866,215	51%
project.hope	1,997,774,297,468	51%
axel-blaze	28,598,423,033	51%
frityhe	0	-10%
himoer	0	-10%
anhhermit	0	15.3%
thebom	0	15.3%
ph-fund	33,747,479,181	51%
luckyali	22,768,692,265	51%
beargame	19,009,407,867	25.5%
hosseinrad	2,771,811,298	51%
meppij	28,785,631,684	51%
green-life	233,264,123	12.75%
diego1306	1,169,136,456	25.5%
mccoy02	32,693,609,384	51%
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pradhumna	18,259,071	12.75%
ph-support	557,853,940,872	51%
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fombae	17,330,026,802	25.5%
qfamily	1,265,773,139	51%
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knowledgefruit	5,654,870,507	51%
prolee	3,478,366,362	25.5%
curxx	0	1%
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sebassv	477,966,321	5%
stornit	17,844,325	12.75%
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mbemba2310	9,984,962,013	51%
carluis777	523,344,596	25.5%
ipamaru	446,374,128	12.75%
josegma96	9,310,766,064	51%
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isha46	626,002,394	12.75%
nelsonpc	774,829,213	100%
nanggroe-steem	0	0.38%
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arcaned	0	6.37%
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udyliciouz	333,127,954	25.5%
punitmakker	17,495,931	12.75%
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a-kallis	1,402,858,359	51%
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kendra237	96,646,585	25.5%
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steempromoevent	47,119,573	25.5%
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@josevas217 · Jul 20 '21

$0.08

hi @vlemon
Good move to have switched to stablecoin, I think a very violent pullback is coming, even more than the pullback we are seeing, the time will come to invest, to buy low, that's what we have to do for now, trading or selling at low prices is not something that results much for anyone but what they are going to buy.
Patience, and nothing more.

👍 vlemon, josevas217

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@vlemon · Jul 21 '21

Thanks for the congrats. I am just happy I can have cash if needed to reinvest it in the Bitcoin King. For now I will patiently wait to see how this will develop. A bounce is already happening.

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@lupafilotaxia · Jul 20 '21

Hi @vlemon

No doubt these last few hours have been very difficult for everyone, I sensed that the 30K BTC support would not be broken to without so easy and look at the situation we entered, glad you made a decision and took your capital to Stablecoins, good move.

Best regards, be well.

👍 lupafilotaxia

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@clixmoney · Jul 20 '21

$0.03

The market is a big speculation and manipulation by big players. So, I don't think that we have to panic now. It's a big opportunity to buy in the deep now and sell after.

👍 vlemon

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@vlemon · Jul 21 '21

Indeed, but I am trying to "time" the dip xD. Is it now? Is it later? Nobody knows xD

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@chesatochi · Jul 20 '21

$0.09

In every market condition, you can use a fresh approach.

👍 vlemon

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@vlemon · Jul 21 '21

That's for sure. What are you doing on your side?

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@chesatochi · Jul 24 '21

A lot of things that keep me busy.

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@nelsonpc · Jul 21 '21

$0.03

My friend, do not panic, it is true that it is down but at any moment it will go up, it has been down for many days and it will recover, remember that this investment is not lost.

👍 vlemon

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`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.017 SBD
`curator_payout_value`	0.017 SBD
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`promoted`	0.000 SBD
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`root_title`	"Everybody warned you about this drop... & it happened! Time to use these Stablecoins?"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
vlemon	0 B		94,469,256,997	42%

@vlemon · Jul 21 '21

I am staying calm and will try to find the right opportunity. Thanks for the advice mate

properties (22)

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`author`	vlemon
`permlink`	qwkynv
`category`	hive-175254
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