What is Bitcoin Going to Do Next!?
In this clip from the LeoFinance AMA, Mitch and I talk about how we're investing in the current crypto market. It's kind of crazy right now. Things are going all over the place and it's very difficult to tell where things are headed.
During this clip, it was just before the massive run BTC has recently seen. The hindsight is very 20/20, you can see how well the strategy I talked about has been working.
- Dollar cost average into BTC
- Wrap to WBTC
- Deploy to a collateralized lending vault on MakerDAO
- Borrow DAI
- Convert to HBD
- LP bHBD-BUSD on https://cubdefi.com
- Rinse and repeat
This strategy is such an incredible bear market strategy. I'm taking advantage of growing my BTC stake and my exposure to the crypto market when it eventually re-enters a bull market 6 months, 12 months, 18 months or 2 years from now (however long it takes) while simultaneously growing the amount of yield I generate from assets on a daily basis thanks to the DAI loan.
- Khal safe strat with incoming fiat is to buy BTC and putting it into wBTC on ethereum and deploying it into a Maker DAO vault, taking a 1/3 loan against it in DAI and then converting it to HBD and LPing on CUB for a 25% APY - lot’s of exposure to BTC by being able to LP
- BTC might not go lower, but Cat hopes it, but we need a catalyst (either up or down). We’re still in a descending channel though.
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Posted Using LeoFinance Beta
I see that the crypto space is going to experience a big massive move, Bitcoin is going to move forward very faster in just few days to come, then take a hold for another bull to begin maybe around the mid months of the year, just my assumption shaaa.
We’re just gearing up for a huge move right now
Posted Using LeoFinance Beta
I guess so
Nobody can really tell what is going to happen in the next few minutes, but currently the market is massively crazy and Bitcoin is getting stronger for now, I think I will suggest say the Bull is coming closer little by little
Posted Using LeoFinance Beta
Bullishness is definitely creeping back in slowly. I love to see that
Long-term I’m Uber bullish
Posted Using LeoFinance Beta
I have a feeling that we're still deep in the bear. Exactly what caused the spike?
This post has been manually curated by the VYB curation project
Who knows! Could be a bull trap
Posted Using LeoFinance Beta
Right!!
That's my feeling. Honestly I don't see any reason for the price spike.
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This is pretty cool.
You are giving away the secret sauce.
Thanks
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the best of the best
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Many people are speculating that this is a "fake out" before the real bear market. I am still yet to narrow down the cause of this little spike we are seeing. Are institutions silently buying? Is there a billionaire BTC swayed in its direction? I don't know.
No one can predict exactly but bitcoin halving always played major role to pump btc. We will see bull market after bitcoin halving.
Posted Using LeoFinance Beta
https://twitter.com/4122891434/status/1617125902793732106
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