I don't want anyone to believe in the FUD created by the traditional financial system and mainstream media. They are lying, twisting the truth and manipulating the markets and holding back freedom and prosperity from individuals. None of that is a reason to overlook market sentiment. Prices are set by supply and demand (which has no obligation to be logical and sensible).

If you make investments without considering the highly irrational nature of the markets, you will face black swan events that contradict the fundamentals of a project or market niche. There are multiple FUD events going on the markets. Most of it is due to USSA that act as if rest of countries are its vassal states. China will eventually add fire to this FUD when they try to stop capital flight out of collapsing China + ¥ in the coming years.

Check Your Exposure to BUSD

These are some of the greatest yields one can gain while being involved with a stablecoin. bHBD-BUSD pair is a pure stalecoin play that is virtually unheard of among trustworthy projects with god tokenomics. It makes sense that these have the highest liquidity among the farms.

Despite all the good things, you must keep in mind that even Binance itself is slowly distancing away from BUSD. This is nothing nefarious on their end. This is the fault of SEC and their rampant misuse of power that should not exist in the first place. These situations drive narratives which go on to shape supply and demand. There are other investors who see the stupidity and still sell or short expecting market to react nonsensically.

Stalecoins Are Not Low Risk; They Are Low Volatility

Most centralized stablecoins are just US government debt. Stablecoins are subsidizing the spending sprees of USSA. Even decentralized stablecoin DAI is indirectly backed by US government debt. All of this is held in custody by some third party with no way for regular users to do our own audits whenever we feel like it.

$HBD is Fully Audited All The Time

@ausbitbank has developed many tools for HIVE users. This website to monitor HBD is one of them. All the necessary information is available on the website. For an example, we can know that at the current supply levels, 1 HBD can be redeemed for $1 worth $HIVE as long as HIVE price remains above $0.0696. Nobody needs to trust some certification or auditor or regulator. Why should we stoop low enough to trust when we can verify ourselves. There are levels of trust (such as trusting a website to provide accurate data). Due to decentralization, anyone can catch the bad actors creating a situation where bad actors will have to live in their own panopticon.

Speculation is All Good

I have no intention of asking anyone to take remove their positions of DeFi Farms such as CubFinance or Tribaldex Diesel Pools. This is a time to check your exposure and reassess your positions. Majority of my DeFi investment went into CUB Kingdom (52 weeks locked) + vexPOLYCUB. These are extremely speculative in nature. I'm not risk averse. What I want to do is inform investors about risk.

BNB is Bigger Than Binance

Binance and CZ are facing the cons of being a centralized company. We have reasons to dislike Binance for Powering Up user funds to aid Justin Sun take over STEEM blockchain. At the same time we have to give credit to Binance for creating a far better exchange that Coinbase and offering cheap fees and many cryptocurrencies to trade for users. CEXs can be a very important part in onboarding users.

As you can see, FUD is all around us. BNB price has not performed well. Regardless of that, we have to keep in mind that there are thousands of DAPPs from thousands of independent teams are building on BNB Chain. Although the blockchain itself is not as decentralized as I would like to, a large community at Layer 0 can fix that. Even a flawed and stupid design like Terra (LUNA) ended up with a community backed blockchain with a bigger marketcap than HIVE. Even LUNA ranks above HIVE marketcap.

Markets Cannot Remain Irrational Forever

I view markets as an entity that converge and diverge with fundamentals. Eventually reality is going to wreck the projects with weak fundamentals. Great projects do not necessarily find success. Weak projects on the other hand are destined for failure at some point. Change your focus, look at places beyond your bubble and you will be able to get a better picture on the markets.

Happy Trading!

Posted Using LeoFinance Alpha