Things Have Been Pretty Bland So What To Do?

bitcoinflood in LeoFinance • 3 years ago

Let's be honest the crypto markets and news as of late have been a bit of a snooze feast and not all that much seems to be going on. Small rallies then slapped by some crazy news like a rug pull etc. These things have always been happening but when they hit headlines they take an impact on the markets.

DeFi CryBaby

One of the most recent of the bad news is the rug pull that happened to Mark Cuban who got rug pulled on a DeFi project on Polygon the platform he's been backing and supporting for a while now. Although a little funny in a way it's actually extremely damaging to crypto adoption and decentralization every time it happens. It shows that even the new 2nd layer which requires approval from the majority to run the side chain that rug pulls are still possible.

What always makes me laugh and sadly what happens with these people is they don't understand the high risk and go crying to the goverment when they lose out. SERIOUSLY TAKE RESPONSIBILITY FOR YOUR INVESTMENT AND CHOICES CUBAN!

This becomes another damaging aspect of crypto which makes me shy away from Polygon now. A regulated blockchain is the last thing I want to support.

What To Do During The Low Times

Times like these are when it's the time to work even harder here on LEO and Hive and earn and stake as much as possible. Slow times like this show who the real ones are that believe in project and believe in the people behind it. You should never invest more than you are willing to lose as anything can happen just like when you invest in the stock market.

Stocking up during these low times however is key. Just like the stock market dropped and stayed crapping for months during 2020 it was the perfect time to stock up on stocks and companies you believed in. Many of the ones I invested in during this time now pay a divided yield of 15%+ simply because I bought them at such a bargin.

The same could be said here for DeFi projects like CUBDeFi. Buying now it's far easier and takes less to double your investment compared to when prices are higher. The opportunities we have now are HUGE.

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#defi #crypto #proofofbrain #neoxian #ash #archon #ctp #bpc #broadhive #leofinance

3 years ago in LeoFinance by bitcoinflood

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jfang003 3 years ago

I haven't really cared too much about price and I continue to accumulate more LEO through my activity. I don't add as often to Cub though and I tend to do one or two bigger bulk transfers LEO transfers to add to my holdings on CUB.

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josediccus 3 years ago

You're sure right about one thing: times like this is when one begins to accumulate, buying, staking, earning and growing. Sad to see that rug pull, DeFi can be really crazy. It's why I'm only using cubdefi at the moment.

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bitcoinflood 3 years ago

It might look lower in terms of $ value but in terms of crypto tokens generated you could very well earn A LOT more by being active when a majority of others have cut and run.

It's like buying Dogecoin at $0.0001 and cashing out at $0.30 lol

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ecency 3 years ago

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tfranzini 3 years ago

Well said... in times like these there are golden opportunities to those who are willing to show up and do the work.

I'll keep accumulating and I'm sure it will pay off in the future.

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