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

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· @vlemon ·
$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)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 123 others
👎  ,
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vote details (189)
@josevas217 ·
$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.
👍  ,
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vote details (2)
@vlemon ·
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 ·
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.
👍  
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vote details (1)
@clixmoney ·
$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.
👍  
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@vlemon ·
Indeed, but I am trying to "time" the dip xD. Is it now? Is it later? Nobody knows xD
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@chesatochi ·
$0.09
In every market condition, you can use a fresh approach.
👍  
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vote details (1)
@vlemon ·
That's for sure. What are you doing on your side?
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@chesatochi ·
A lot of things that keep me busy.
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@nelsonpc ·
$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.
👍  
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vote details (1)
@vlemon ·
I am staying calm and will try to find the right opportunity. Thanks for the advice mate
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