Wow… its been a while since i checked in… no worries… still breathing…
I bet you already know there is a global banking crisis on going and escalation will continue and speed up during weekends. The liquidations happening in Tradfi are bound to happen as the Feds have been on a money printing spree after offloading debt to other nations. The ripple effect is that there being no control of the current inflation, the best hedge is Defi. Some would doubt it but its inevitable. Before CBDC kicks in and all the controls it brings… better DYOR on offerings on Defi. The rate of return is much better than the current offerings out here. In fact one Insurance agent came to me with a sales pitch and I opened up my app to show her the staking rewards am getting as APY. She was shocked and i left her wondering what the hell she is doing selling 7-9% RoR.
Tradfi will have to adopt the blockchain if they are to survive and am happy that the wise have seen the way forward with stables and 20022 compliant tokens. I am DCA-ing into this tokens as much as I can and for me, this is a hedge. look for tokens with utility and not just hype.
You are aware that CMA is coming up with a way to regulate and KRA enable taxation of your tokens either as Cap Gains or Income Tax depending on your Hodling duration? if not… check it out as the new financial system is at the door and about to kick in.
Due to the raising of the CBK rate… the cruch is coming expecially for small players and liquidations will come and go… the one who survives this bear market will come out stronger… inorder to do that …DYOR.
word of advise… don’t leverage trade right now…the manipulations by CEXes are at an all time high and net effect is that you loose. Hold or stake and let the storm burn out as the capitulation happens.
have a HH/HL day .