What is Decentralized Finance?: And How Does It Relate To Cryptocurrencies?. MFI Series1, #57
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- FormatePub
- ISBN8201214029
- EAN9798201214029
- Date de parution02/02/2022
- Protection num.pas de protection
- Infos supplémentairesepub
- ÉditeurJL
Résumé
Many people misunderstand the difference between cryptocurrencies and decentralized finance (DeFi). Cryptocurrencies are like stocks, and DeFi is like the banking system. Understanding a few stocks is much easier than the entire traditional banking system. Yes, there is a lot of money to make by interacting with DeFi; however, the risks are significant. If you don't understand the world of DeFi, spend a year learning. People assume getting rich in cryptocurrencies is about day trading.
However, the people who made the most money were buy-and-hold style investors. To succeed in Crypto and DeFi, take the long approach. Educate yourself, mitigate risks, protect capital, and make well-thought-out moves. Avoid FOMO!
However, the people who made the most money were buy-and-hold style investors. To succeed in Crypto and DeFi, take the long approach. Educate yourself, mitigate risks, protect capital, and make well-thought-out moves. Avoid FOMO!
Many people misunderstand the difference between cryptocurrencies and decentralized finance (DeFi). Cryptocurrencies are like stocks, and DeFi is like the banking system. Understanding a few stocks is much easier than the entire traditional banking system. Yes, there is a lot of money to make by interacting with DeFi; however, the risks are significant. If you don't understand the world of DeFi, spend a year learning. People assume getting rich in cryptocurrencies is about day trading.
However, the people who made the most money were buy-and-hold style investors. To succeed in Crypto and DeFi, take the long approach. Educate yourself, mitigate risks, protect capital, and make well-thought-out moves. Avoid FOMO!
However, the people who made the most money were buy-and-hold style investors. To succeed in Crypto and DeFi, take the long approach. Educate yourself, mitigate risks, protect capital, and make well-thought-out moves. Avoid FOMO!
