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As an investor who is not into crypto, I don't understand this comment, let alone use it to correctly price the risk of crypto.
by hitekker 6y ago
As an investor who is not into crypto, I don't understand this comment, let alone use it to correctly price the risk of crypto.
- escapecharacter 6y agoagreed; this reads like someone explaining their casino good luck charm strategy.
- seibelj 6y agoDefi yield farming is too dangerous for people who are not deep into the space. It's like listening to hedge fund traders talk shop and hear the type of trades they do to make alpha. If you want to dabble in crypto, make a Coinbase account and go 50/50 BTC and ETH, and don't sell until you retire. If you want to play with the fast money Defi, then you need to do a lot of self-study and learning.
- nootropicat 6y agoWrong, there was never any luck involved. The single worst case scenario was that the token price dumps to 0 immediately after I deposit, which would mean I don't even make the gas fee back. Didn't happen.
- AgentME 6y agoStay away from putting money into unique smart contracts that haven't been running for a long time with a lot of activity. Stay away from smart contracts that are custodial (where the creator is given privilege to all depositors' funds).