Gaining in the red zone

Life in crypto land hasn't been easy. It has turned into a very difficult and arduous place to live in.

Virtually everything seems to be losing value, and there doesn't seem to be any remedy in sight. All the analysts and speculators say we should trade the market of the day.

They say that we're meant to focus on what is now and not use any labels like "bull or bear" market to describe the market characteristics. These labels tend to distract you from the reality of the market.

Reality is all we have right now and it's all we have to work with. So, if you're participating in any trading activity, you have to act like today is all that matters and nothing is promised tomorrow.

Anyway, as things continue to deteriorate as they have been throughout the year that started with so many promises of success, all you can do is seek out ways to protect yourself.

Stable coins are a nice way to protect your crypto investment. You can hodl for a while and then re-enter the market when the dust settles.

Tokens and airdrops

Stable coins offer a low-risk method of protecting your crypto investment. However, if you're interested in trying something with a little bit more risk and reward, then you should consider getting your hands on some Cub tokens.

Cub token has shown positive signs in recent times, mostly due to the polycub airdrop on the way. However, beyond that, it is also a very efficient platform for liquidity farming and passive income.

Thanks to Cubfinance, I also bought a decent amount of Cake tokens. I still intend to buy a few more when the opportunity comes.

In this period n the red zone, I don't just want to hodl, I want to own assets that enable me to do a bit more with them.

In this industry, time is a premium asset, and with it, you get the opportunity to turn little things into big things.

ironically, right now is one of the best times to hold multiple assets in your portfolio. I like that I have the opportunity to mix and match assets because you never know where your redemption will come from.

NFTs might be in order

Splinterlands NFTs have been in pretty bad shape since the highs, but in comparison to the general market, I don't think it has been that bad.

This seems like the best time to start holding NFTs as they could serve as some form of insulation from the drop.

Outside of Splinterlands, I've been holding on to some NFTs as well. I have a couple of premium jpegs around the area that I highly doubt will be selling anytime soon.

The major problem with premium jpegs is that there's little or no trading activity surrounding them. So while holding NFTs could be an option to preserve the value of your funds, you have to face the risk of being trapped in the market because of the lack of trading activity.

In summary

If you're already exposed, the best you can do is lookout for ways to reduce the negative effect. There are different assets on different blockchains that offer an easy route to protect your assets.

On Splinterlands, you could hold NFTs that can then be put into the rental market. Even if you're not holding NFT on Splinterlands, you can also hold some premium jpegs that are affiliated with the game.

You can also hold tokens within the Leo ecosystem. It has some pretty decent returns and a solid structure for long-term success.

Times are hard right now but that doesn't mean you can't make the best of the situation. Save, stake, or just hodl. Anyway, you decide o go, make sure you're preserving value. Whether it's by adding to it or minimising your loss, your portfolio must be protected.

Contact & Support

• Discord: belemo#9593
• Twitter: https://twitter.com/belemo__
• Hive.vote page

Posted Using LeoFinance ^Beta