How to Leverage Stablecoins Like HBD to Preserve Your Wealth
It is no secret that we are in the midst of a bear market. We're seeing stocks and cryptos alike drop anywhere from 50-90% in value. This is hurting everyones' portfolios.
In this clip from the LeoFinance AMA, we talk about building a diversified portfolio and how important that is.
Everything has blow-up risk. Look no further than Terra LUNA / UST to see how an algorithmic stablecoin protocol blows up and destroys billions in value.
I personally have built a well-diversified portfolio of cryptocurrencies, stocks and stablecoins. This has allowed me to weather the bear markets of years past and today it has helped me stave off a lot of risk and build a much more resilient portfolio.
About LeoFinance
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Our mission is to put Web3 in the palm of your hands.
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Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
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Posted Using LeoFinance Beta
Nice post. This is really helpful
Stablecoins again seems like getting a hot topic.
Posted Using LeoFinance Beta
It great to see the refocusing of polycub on Hive and HBD. I basically think that, people will focus on HBD more in the long run especially in their quest for stability, who knows, it might be a focus for safety in this bear market..
Some stable coins are also dipping , well it's a good opportunity for people to buy and at same time I know it hurts those who already have them stacked in thier portfolio. I think the best thing out is hodl.
Thanks for sharing
I've found it an excellent idea to diversify. Most crypto is extremely volatile, so having a good selection means when one moons, you can take advantage of that to diversify even further...
I'm also considering using some of my HBD interest in this way, perhaps to branch out into Leo, Cublife, BEE, and lvl.
This post has been manually curated by the VYB curation project
Hi @khaleelkazi
The stable coin was bad and the contagion it spread showed no sign of stopping luckily our HBD is in a different class altogether and hopefully the stability and peg it represents would draw a lot more people and cause our blockchain to grow.
Posted Using LeoFinance Beta
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