For 10 weeks I have not been providing liquidity and now I start again. I did DCA $100 every week so I will borrow 30% against those $1000 and use that to generate more cbBTC.
I withdrew $13.72 USDC that I had supplied and borrowed $286.28 USDC together $300.
Still in range accumulating more cbBTC and generating some fees in USDC.
Even when the market goes up you can accumulate more crypto.
You can only HODL and wait for price appreciation or you can take on some risk, borrow against your Holdings and put that money to work.
Both are good.
Love what you do @PeterSchiff
and I actually like gold. The scoreboard just keeps leaning Bitcoin.
P.S. 2012 you were giving Bruce Willis vibes.
ctto: @GoingParabolic
Position in range, generating fees. No meme coins, no high APRs, no narrow ranges, no high risk.
That is the strategy that works best for me.
What is a strategy you like?
I have collected 0.108858 cbBTC in 26 weeks.
Total value $9185.70
I have borrowed $286.68 against my collateral.
That is a super conservative LTV of 3.12%