RE: DeFi for Dummies?
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For me it is real simple:
As an investor I dont mind risk. That is something I am not averse to. However, I am not willing to take on the risk of having things stolen from me. That is not investing risk.
Hence I stick with CubFinance since I know the team is not going to pull the rug on that one. Do I miss some other crazy returns? Yes. But then I am getting excellent returns from Cub PLUS the more money in there, the better it is for all holding the tokens.
Thus, my fracturing my money by going into different pools across BSC is not helping CUB. That is a high objective of mine. Yes I want my return but I want the entire project to grow and succeed. While I am not playing with the cash to make a huge difference, every little bit helps.
As for the space in general, it is still very young with a lot of development required. We are not even to the point where we have a viable financial system. Wait until there is insurance and things of that nature.
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That is a good point about not spreading yourself too thin. It can be hard to think that way when you see the price of CUB compared to some of the other DeFi tokens as well as the TVL of some of the platforms. Perhaps I would be better off just keeping everything in Cub, accepting it is a long term hold and just riding it out.
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That is my view. I dont have the time to judge the risk/reward of other projects. Sure if you want to put a bit of play money into something and try to earn 6,000% in a week, go for it.
But for me, when it comes to the main stake, I am Cub all the way. I feel that there is more benefitting than just my personal account when there. The bigger Cub gets, the better it is for all of us on Hive who are invested.
And I think, long term, that will help Hive.
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That is a fair assessment. I think part of my plan was to find something outside of Hive that I could invest in. Since this is still on the BSC, I think that might fit the bill even though it has tendrils connected to Hive in some way. I am working on removing some of my liquidity now. That Panther would have been a nice win if the token price hadn't dropped. Watching the numbers move based on 5000% APR was nuts!
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It is enticing there is no doubt about that.
However, we need to be ever mindful of all that is taking place. But then we all have our levels of risk we are willing to take on.
For me, with my time locked up, I just trust CubFinance and have that as my outside exposure to Hive. I still hold BTC, ETH, and LTC as long term plays.
Plus Hive based stuff is giving more options than I can take advantage of.
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Yes, Hive is expanding rapidly. I guess if I really was worried about having some outside investments, WAX would have me covered.
That's how I think too. I'm still not a very experienced investor and not a full-time investor yet so I just try to rely on projects that I know I can trust even though I could be missing out on other stuff
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Even the most experienced investor is going to have a tough time determining which projects are rug pulls. That will make things tougher on anyone.
So I just focus upon CubFinance on that end. As they add more, if I want to change what I am doing, I will embark upon different aspects of that platform.
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