Building a robust crypto portfolio doesn't have to entail high-risk ventures like futures trading. It took me some time to realize that there are alternative, almost risk-free methods to build a solid portfolio. Yet, the allure of quick gains in crypto often overshadows the patience required for these approaches.
I would like you to share to us the thing you called "almost-risk free methods", as far as I know there is always risk when it comes to investment so I am curious what kind of strategy are you talking about that gives an investor an almost risk-free investment.
Regardless of whether you're trading futures or spot, the market's unpredictability can lead to substantial losses, as evidenced by the recent downturn affecting BTC and most altcoins. Many traders were caught off guard, lacking sufficient USDT reserves for dollar-cost averaging (DCA) during price recoveries.
This kind of situation supports the fact that aninvestment no matter how calculated the risk is, has always a variable factor that can nullify such calculated risk so it is best adviced that one should invest with money that they can afford to lose. And I think kind of situation is a challenge to your claimed "almost risk-free method"
One thing I have realized is immediately an exchange announces either a launchpool or launchpad, the exchange token continues to surges because many users want to buy and participate to earn free token. So after the event, you get double rewards, you can decide to sell your newly acquired tokens and also sell the exchange token at a higher price. This process has helped me build a great bag. The ENA launchpool event that just ended on Bitget is a testament that participating in this kind of events are greatly rewarding.
It is good until it lasted, after a certain hype, many tokens right after the initial public sales were dumped because there were lots of free tokens that were given away which became the reason for the sudden crash of the token's market price.
Have you explored such opportunities before? Feel free to share your experiences.
I have experienced taking the opportunity of buying in a token sale, I admit that the early adopters certainly gain a huge amount of profit especially those who participated as angel investors and initial private sales since the token price is way cheaper than the initial public sales of the token.
If one wants to reap a higher profit, one must be keen on the crypto project launch since the earlier they get into the initial sales the greater the opportunity to get a bigger profit.
One thing I have realized is immediately an exchange announces either a launchpool or launchpad, the exchange token continues to surges because many users want to buy and participate to earn free token. So after the event, you get double rewards, you can decide to sell your newly acquired tokens and also sell the exchange token at a higher price. This process has helped me build a great bag. The ENA launchpool event that just ended on Bitget is a testament that participating in this kind of events are greatly rewarding.
Have you explored such opportunities before? Feel free to share your experiences.
Launchpool and Launchpad provide higher APY by staking a stable asset rather the DeFi since there’s a lot of demand for that new token. New project usually choose this path to get funding instead entering the IDO process since this way the price growth will organic because it will came from interested buyers that want to let in on the hype.
But there’s always a danger on joining a pool like this because you are entrusting your funds on CEX while their business can be shutdown when shit happened just like the FTX scenario.
This is the way of CEX to hold the funds of their users in exchange for an airdrop tokens.
True that, if @OP is suggesting that staking on centralized exchanges is almost a risk-free method, then I think he is mistaken. You had given a significant reason why it is relatively dangerous to stake in centralized exchanges.