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It sounds like you missed the very end of my comment. "For that, I'd suggest more than just buy/hold and really delve into the lending/borrowing markets in DeF
by latchkey 4y ago
It sounds like you missed the very end of my comment.
"For that, I'd suggest more than just buy/hold and really delve into the lending/borrowing markets in DeFi."
Crypto itself is volatile, however there are more complex (and potentially risky depending on how you look at it) ways of mitigating the volatility via lending/borrowing (and options for that matter) DeFi markets. All of which are easily liquidated, in seconds and low transaction costs (that are offset by earnings).
Of course a lot of this is still very early days in terms of knowledge and exposure. That's a big reason why you might not be aware of what's possible in DeFi.
- scubbo 4y agoFair point. I will certainly admit that, despite having made a decent (not spectacular) profit in crypto in 2021-22, the cascading high-profile failures and rug-pulls have made me lose faith in the individuals involved. The technology and concepts themselves are a different matter. I love and enthusiastically support what people _claim_ to be working towards, but an overwhelming weight of evidence suggests that the rational thing to do is to assume that any crypto project is vapourware, a scam, or some combination. Here's hoping I will be proved wrong one day, I really hope so.