Post
Topic
Board Bitcoin Discussion
Re: I regret selling BTC for entering DeFi. HODLing is the way!
by
Sanugarid
on 11/05/2021, 12:40:45 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.


Why not invest in Defi with your spare money?. There's no problem with investing in yield farming but you should not really sell all of your BTC just for that, but profit is profit regardless of what market price you decided to sell it is still profit n on your part. So did you sell all of your BTC? If yes, I feel bad for you and make sure you've learn something valuable when it comes to holding.