Post
Topic
Board Bitcoin Discussion
Re: I regret selling BTC for entering DeFi. HODLing is the way!
by
chicken65
on 09/02/2021, 16:43:15 UTC
I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.

Don't feel bad. I have done a lot worse.
These days I HODL some BTC regardless of price and have a fund for trading on which I lose about as equally as I gain.  Wink