Feels like every few months there’s a new way to put your Bitcoin to work.
Tried to seriously look into a few of them recently and just closed everything.
Not even because I fully understand all the risks, more like the opposite. The more steps involved, the less comfortable I get.
Honestly if I need: extra tokens, another network and some platform in the middle then it already feels like I’m doing something completely different from just holding BTC.
And yeah, I know people will say you’re leaving money on the table, but at the same time, it’s usually not even that much yield compared to what you’re risking.
Stuff like Wormhole hack is always in the back of my mind. One bad assumption somewhere in the stack and it’s over.
So I’ve kind of defaulted to looking into BTCFI that keep staking native.
Not because I think it’s the smartest strategy, just because everything else feels like adding moving parts to something that was originally simple.
Wondering if anyone here actually uses these strategies long-term, or if most people just try them and eventually go back to basics.
Anyone else just ignoring all these earn on BTC plays?
byu/Rare_Rich6713 inCryptoCurrency
Posted by Rare_Rich6713
1 Comment
>And yeah, I know people will say you’re leaving money on the table
No, they’re putting money on the table for someone else to take.