I wrote a post only about 2 month back about buying the dip. At the time, BTC was at $47K, but more important, I see that I was trying to enter into BNB at around $185, which BNB was trading at $226! Funny thing is, I still have that buy order at $185 for BNB, and I don't think it will get filled anytime soon. BNB is currently trading at $600!
This is a classic example of a runaway bull market. BTC trading at $60K today is nothing compared to BNB trading at $600! Although a 27% rally in 2 months in quite good, but it is nothing compared to a 3X move by a major coin like BNB. This is not a tiny new project we are talking about. Many such projects go 10X in a short period of time. But BNB is the #3 coin in terms of marketcap! Making a 93 Billion Dollars marketcap coin to rally 3X in 2 months is a BIG DEAL!
Usually there is no point having any regret of not buying or selling at any particular point. However, this is a bit different. As BNB is currently the hottest coin in town because of the BSC Liquidity Pools. Everything on Binance Smart Chains requires BNB. All the people staking on the LP are either buying BNB to stake or buying BNB to pay for the transaction (an addition to trade and hold BNB). This is creating a massive use case to almost every common crypto investor. And I must say, at this point if you are not in at least one BSC Liquidity Pool, you must be sleeping under a rock! So my regret is simple, I don't want BNB for speculation, I just needed it for playing transaction fees and I wish I bought some in the $200 area. It is crazy to look at the chart and realize that BNB was trading in the $40 area in December-January! Yeah, I guess it is me who was sleeping under a rock back then.
Within the Liquidity Pools, currently I am in CUB Finance, Comos Finance, Ape Swap and Swamp Finance; in order of relative exposure. I am extremely happy with 3 our of 4 projects. Namely, Cub, Ape, and Swamp (which is a yield aggregator). I am not so happy with Comos. The only reason being, the Comos team lacks in communication and don't know how to manage their Telegram and Twitter channels. Also their English communication skills are virtually non-existent. But that being said, there is still a chance that the project can be salvaged. If it does, people who are still in it will be heavily rewarded.
I am already invested in Swamp Finance, which is currently my Yield Aggregator of choice. This is just a fancy term of having a repository of all/lot of your LP tokens and this farm opmizes and automates the harvesting. So you set it up once and after than you don't have to do much with it. This is a great option when you have a bunch of different LPs to take care of.
I have added to my swamp. Now I have 1604 Banana-BUSD LP token. In addition, I have 0.209 Swamp token. This is not much of a position, but I am planning to build it out to about $15K-$20K or so. The good thing about this is recently there is some positive news about Banana, as they are increasing the multiplier. Looking at the TVL of swamp, I feel comfortable when a project shows $130M!!
Disclaimer: This is NOT professional advice, this is all just my own opinion and experience. I am NOT a Certified Financial Adviser. Consult professionals for any financial, accounting or legal related questions you have.
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