I entered the cryptomarket 2017 and has been sitting in this rollercoaster for some years now. Some years have been good - some not so good. 2020 has been extremly good.
My best investments this year has been CEL and AAVE. CEL with 2727.2% this year as number 1.
Everone says we are in a bullmarket and that we only can go up. But ....when the market is low the only thing people say is also "we can only go up". So I have been thinking of.....
How to lower the risk without leaving crypto OR buy a lot of USD-C?
1. Celsius
I get 4- 8 % from every crypto in Celsius. If the market goes down a lot that will not help me so much . But still - in uptrend I get more crypto in interest. In downtrend I will get less interest but buy at lower levels. Thats one, but small, way to manage the market risk.
2 Uniswap
Yes, I know that I take impermanent loss risk with Uniswap. But still I like this service. IF the market goes sharp up or down the tradingvolume will goes up and I get more fee. Some of my pools has given me 10 % in 100 days. I think that is pretty good. If the market goes down 30 % in one year - I will go about +-0.
In some way this will be some kind of hedge.
USD/ETH - Today 49 % APR
3. Uniswap with DEC
Usually I get fees from Uniswap depend of the trading volyme. But in ETH/DEC it is a fixed number of DEC that will be distrubuted every month + the fee. So even if the tradingvolyme is low I get a good amount of DEC. In januari it was about 40 % APR. .
4 Keep on Stacking - in different ways
When the value goes down you get more crypto when playing games and making tasks. When the value goes up it is more worhtfull. A famous Steemian always wrote "Keep on Stacking" and thats a good advice. I get crypto from
- Paying with my cryptocard 3%
- Playing Splinterlands
- Playing Risingstar
5 Leaving alt-alt-alt coins
I am trying to stay at top 15. (But still have some Matic and Ghost). I dont want to go down again with ALT-falling like in early 2018.
Do you try to hedge your profit or do you just put everything you got into Bitcoin and think that is the best way ?