Starting to prepare myself for the bear market by taking profits and stacking stablecoins

There is a lot of hype over the crypto space and while I am thrilled by it, I try to hold my emotions in line and take reasonable decision. I witnessed two previous bull cycles when I barely took profits and I don't want to lose the train also with this one. And while I still see a lot of room to grow for different crypto assets, I am slowly taking profits here and there and building my stack of stablecoins. Why? Well simply because I want my assets to still produce and also to prepare myself for when the bear market will hit us. And when it does, I expect for it to hit us hard and to see some heavy lows all across the crypto spectrum. But on what stablecoins I have put my eyes on? The response is quite simple and for the moment the stables I'm stacking are right from the Hive blockchain ecosystem: HBD and SURGE.

HBD stablecoin

At the moment I am holding around $6,000 HBD in Savings and I am enjoying a healthy 15% APR. But I am planning to diversify part of it into SURGE stablesh-coin which during the initial sale should provide a slight better return in the form of 16.67% APR. HBD in itself will remain in a big portion in Savings as I like the stability of it and also how easy it is to deposit and withdraw while interest is compounding at every block transaction time on the blockchain (each 3 seconds). A great engine for the Hive blockchain economy, even if we need more and better such financial instruments.

SURGE stablecoin

As per @leostrategy, "SURGE is not a stablecoin. It is not intended necessarily to maintain $1. However the mechanics of SURGE are such that it should trade around $1." So while it is not a true stablecoin, it is acting as one by having the mechanics to hold its price around $1. As compared to HBD, the SURGE perpetual preferred token carries a 16.67% stated yield that is paid out weekly in HBD (and not monthly as HBD claiming from Savings is done). Thus, you have access earlier to the interest (or yield in this case) and decided what you want to do it, but in my case I would simply accumulate more stables.

Other stablecoins

While I appreciate and trust based on the past history the "stablecoins" from the Hive blockchain, I am exploring other ones on different blockchains. I am even considering CEX platforms like Binance, where promotion APR's like 20% might be offered based on the available stables. Thus, I might need to do some exchange between stables to grab the best promotion. But that's the name of the game, you need to hustle if you want to grow your crypto stash. One stable that I have my eyes on is DJED that is backed up by ADA (over collateralized x4_) and which on Liqwid Finance offers 17.05% Lending APY + 1.39% LQ market participation rewards. Not bad, even if it has some risk associated.

That is my plan for the moment - ride the hype wave, grab some profits along the way and deposit them into yielding stablecoins with steady returns. Wait for the bear market, have some clear thresholds were to enter back the market and invest again in proven assets. Don't get me wrong, this plan is not for the next few days, but rather for several years when cycles might change. Patience is needed alongside with a clear mind, but that's what I am planning to do. Hopefully I can stick to this strategy and even if I will not get rich out of it over night, I will get on the winning side at the end and book some good profits. What about you, do you have any plans or simply enjoying the crypto bull market?

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