Bear markets are for BUIDLING

You have probably heard it a thousand times or more at this point... When the crypto market is dipping for months at a time and you start feeling the pain, the best thing to do is build. Buidling comes in a lot of different flavors for different people, but the goal with all of it is the same.

The goal is simple. Survive the bear market, and thrive in the bull market. Remember this - bull markets make everyone money but bear markets make people rich. The difference usually is that the people that end up doing the best are the ones that experienced previous bear markets and spent that time building.

SO when I said buidling, what do I mean? As I said, multiple flavors. If you're a developer, you might be building the next hot DeFi application or blockchain game. If you're a simple farmer like me, you might be slowly building your liquidity positions focused on generating the highest yields. If you're marketing, you might be focused on growing your funnel over advertising to your current funnel.

So what's your flavor of building? Is it consistently publishing banger content on Hive and building your Hive Power? Is it throwing as much money as possible into Hive Savings to earn 20% APR on HBD?

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My building comes in a variety of flavors itself, but lately it's building my stacks on PolyCUB. Now that I have less time to focus on creating content (don't worry, I'm not going anywhere!) because I'm doing tech support for LeoFinance and working a regular job... The goal is to build my passive income stacks as big as possible.

Remember - bear markets make people rich. Use these cheap crypto prices to build up your stable coin stack. It's important to have liquid assets just as much as it is to have those assets in liquidity positions. You don't have immediate access to the funds in those positions, so have some aside for emergencies.

The cool thing is, even with having a stack of stable coins you can yield farm with them. With PolyCUB specifically, you have 2 options to earn yield on your stable assets. You have the pHBD-USDC pool and you have the DAI-USDT-USDC pool. The advantage with these pools is that you can keep your stable assets for emergencies but still earn yield. The disadvantage is that the yield is lower.

My personal favorite of the 2 is pHBD-USDC because the APR is 30%. Either one will allow you to keep a stack of non-volatile assets and still gain exposure to POLYCUB. This is pretty substantial if you're in the right pool because consider earning 35% APY on $1000 vs. having that $1000 sitting in a bank account earning 0.5% APY.

The other side of this is building stacks of more volatile liquidity positions. As always, use caution when yield farming. There's risks like impermanent loss and other things to consider, so please do your research before delving into this stuff. My personal favorite pool on PolyCUB right now is POLYCUB-WETH.

This is 2 of the assets that I truly believe in, and both of them are available at huge discounts right now. The yield since the bear market hit has slowly increased and is now over 244% APY. To me, this is an incredible opportunity to stack up more POLYCUB for the long run. It's a marathon, not a sprint.

With yields like this, it might feel like a sprint, so you have to move fast. The prices are going to fluctuate, the LP is going to swing in weird directs. None of that matters to me honestly, I'm building passive income that can prove to be very substantial in the long run. Both ETH and POLYCUB are extremely undervalued at the moment in my opinion.

The important thing to focus on in these painful times is buidling. Whatever flavor your version of building comes in, shift your focus away from the prices and focus on that. This way, when the bull market hits again you will be ready to thrive. Everyone's making money in a bull market, but only few get rich. It's those that are well-prepared.

We know what the power of what we are interacting with really is. Do you want to be there when the rest of the world finds out? Even if it's just about making money for you, you should realize that you're very early. We're still at ground zero. Take advantage and thrive.

Thanks for reading! Much love.

Wanna learn about all kinds of things you can do with the crypto you earn blogging on Hive? Check out my index - Learn Crypto Stuff for some fun educational crypto stuff.

Posted Using LeoFinance ^Beta