It’s bear season.
The bears are ruthless, sweeping and re-sweeping lows of crucial support.
Your 30x is in the mud!
Anyways, bears are for accumulation- no matter how long they last. Price of quality tokens will go back up and way higher than their previous highs when the market is ready.
All you need to do is scale in slowly (long as you have other income sources).
That’s by the way.
I asked a question across my social channels 2 days ago about what you’d pick if you had a chance:
A. Deposit $1000 stablecoin and earn 20% APY
B. Deposit $1000 stablecoin and earn 5% APY but a weekly chance to win a lottery of $22k+
It’s a no-loss lottery and not a gamble. Both have the same risk level which is “smart contract risk”. The difference is in the interest rates.
If you will accept a 5% APY (your banks won’t give it to you anyway), you might want to try out option B, right?
Anyways, check out this protocol (on Terra) below that offers you a weekly chance to win a lottery by staking your stablecoin. Good thing is, not only one person wins the jackpot. It is split among several winners which can be up to 100 or more.
So you might have a chance. Who knows?
Like I said, it’s a no-loss lottery, and the more people stake in the pool, the more the prize money to be shared increases.
Heavy catch: you need just $25 to get a ticket. Yes, not $1000! But the more tickets you have, the higher your chances.
All details and necessary links are in the video description. Good luck!