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Full disclosure: I'm a crypto hyper-bull. That said: these weird DeFi platforms that were getting like 20% of whatever yields never made any sense to me. 20%
by thepasswordis 4y ago
Full disclosure: I'm a crypto hyper-bull.
That said: these weird DeFi platforms that were getting like 20% of whatever yields never made any sense to me.
20% isn't that great. You can get 15% on basic blackrock/vanguard funds.
I just never could understand why people would tolerate this sort of risk for that little reward.
- headsoup 4y agoWhat is a 'crypto hyper-bull?'
- bunkydoo 4y ago
- outside1234 4y ago
- thepasswordis 4y agoNo, it just means that I’m very bullish about cryptocurrency. Bullish means optimistic. https://www.merriam-webster.com/dictionary/bullish https://www.merriam-webster.com/dictionary/bullish
- anon2020dot00 4y agoHe obviously understands what bullish is but is making a point of how most of crypto is a scam.
- djbusby 4y agoVery enthusiastic about the future and positive return on crypto.
- glerk 4y agoCelsius is not even a DeFi platform. It is some company that was promising users high yields without providing any transparency about how the deposited funds were invested. Also, a lot of the rewards were paid out in Celsius’ own token (CEL) which is now almost worthless. The risk/reward ratio was definitely not very good.
- yunohn 4y ago> 20% isn't that great. You can get 15% on basic blackrock/vanguard funds. There’s a massive honking difference between a guaranteed 20% derived from lending fees versus potential market returns of 15%.
- thepasswordis 4y agoThe change in my net worth doesn't care where the money comes from.
- gus_massa 4y agoNote that "guaranteed 20%" is just a promise of 20% if it does not collapse. It's more like or "up to 20% or less".