The market is retracing, and lots of opportunities are starting to present themselves again. Market sentiment isn’t fearful anymore, which is good. Oh, before I forget—happy new month to you!
Back to the discussion: before the market started recovering, I saw an offer to stake USDT and earn up to 8% APR. I took the offer
here, but it seems surreal.
When the market was bleeding, I remained calm because of this opportunity I stumbled upon. It made me appreciate the diverse sectors within crypto and the various ways to earn.
I guess my question is: what’s your go-to strategy when the market isn’t favorable to you? And do you think staking rewards of 8% APR on USDT are sustainable?
I have tried various kinds of USDT staking but the bad thing about it is the rate varies with time. Nexo provides more stable and decent rates but most of the exchanges rates go up when there's bullish trend on market and goes down when the market is bearish. But if you invest on right coin on a bullish trend you can easily do x2.
So, I have decided to rather do grid trading with a bluechip coin rather than putting USDT to stake. Even doing a large range grid trading on bitcoin is yielding me over 12% interest on USDT while I still have instant reach to my coins anytime.