So I feel like I'm taking too much risk, by hodling lots of cryptocurrencies, and in case a bearmarket begins I'd like to hedge my positions and open some shorts, much less than my hodlings, but still significant.
But what coins would be good for that? What coins would go down more than others in a bearmarket?
I'm thinking perhaps Solana as it's so high, but its direct competitors (Avax, Luna, Polkadot are better in essence)
But there must be many more coins that will go down. What about Shiba Inu? I'm always worried for a sudden Robinhood listing though, as they did with DOGE.
What can you guys come up with?
it depends actually on the situation. wherein for me they will decrease more especially if it's literally a bear market , i mean there's no particular coin that can skip in it even trusted projects in my personal opinion because that's how bear influenced all coins in the market wherein the entire crypto is crashing.. If you want to save your profits then go for it and buy at low again, but i suggest never hold a new coin and assuming it will gonna survive because it's very skeptical to be honest.