Post
Topic
Board Bitcoin Discussion
Re: I regret selling BTC for entering DeFi. HODLing is the way!
by
SquallLeonhart
on 11/02/2021, 16:38:15 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.
Bitcoin will always be a better investment than most of the crypto assets or Defi and whatever . Anyway it’s not everyone that will HODL and make profit up to $47000, if you are able to HODL till $30,000 like you have said and you got profit then you’re lucky that you got something at least, cause there are people who don’t get any at all. And by the way, Defi projects are good also , profit doesn’t come always, that you didn’t make huge enough profit doesn’t mean that they are bad, no they are not. There are so many of them that are very good. Stop making it seem like you’re entitled to huge profit.