shocking to me people trade and mine so seriously when there are way easier ways to make money
With normal price changes one can make 5% a day trading BTC or ETH. Shock me how much can be earned daily with yield farming.
hmm i started yeild farming with around 30k in october and ive grown it to around 100k ish , and thats with taking profit along the way . its way more fire and forget than trading. Who wants to be glued to a computer screen every day even mining is less stressful than chasing daily 5 percent gains when in one day a 20 percent drop can liqudate you. People who get rug pulled are the same dolts that would 100x leverage 1 eth lol. Ivw had tokens drop massively in value but since im farming daily those drops get recovered faily quickly due to compounding apy.
don’t jump on every 5000% apy project withoute doing research joining telegram understanding the product , inflation, burn rate and use case and most of all im rarely and early adopter in don’t fomo into a new project unless i fully understand it as well as see whose backing the team what other projects they are partners with etc.
ive been earning 300 to 500 usd a day for 3 months now on various projects and all i have to do is use a yeild aggregator and the compound daily earnings for you.
Any miner who is at least not leveraging his mining earnings into defi projects is really missing the boat.
at worst if you are scared you can lp eth/dai pairs or btc/eth for lp rewards or stake say eth for a apy of say 50% on uniswap yearly. Basically free money lol
thw whole rugpull fear is overblown, do u think a legit project like uniswap or sushiswap or even compound or avvae lending will rug pull u? yeah there’s always the fear of hacks but traders with fat wallets on exhanges that got compromised get hacked too lol, for every rugpull i can name tons of exhanges that went dark with traders funds.
Where there is a lot of money there is always some scammy behavior. You are right, exchanges are not that clean.
Day trading will glue you to a computer but you can have bots. Sometimes opportunity arises when a dump happens like when eth starts dumping, if you are confident it won't go underneath 1k then you watch and make a bet, these don't occur everyday.
Farming is the fancy new masternode/POS. as always if you got in early you win. Same with POW back in the days where xmr and eth launched.
If you max out your mining capacity then it is really good to branch out to other ventures.
For me after this bullrun i'll venture more outside of crypto just to have a good meaningful understanding/conversation with other people and banks..i can now say "yeah business is good" or bad...you know, to explain where the money came from, this beautiful thing we got here it is not for everyone, they won't get it. Just like some of my friends in high school, didn't understand and learn computer stuff eventhough i am almost all the time reachable for knowledge even after college one friend of mine still brings his pc to a computer repair shop to get it fixed. He is into farming/agriculture stuff yield is also great LOL.