I regret selling BTC for entering DeFi. HODLing is the way!

[mamiko]

I do not find it very correct to sell bitcoin. But if you need it and you have bitcoin on hand, of course buy it. Although you have money, do not have any difficulties. but if you don't need it and you're selling, you're doomed to miss this train. I have sold my bitcoins in the past and I regret it very much. I want to save as much bitcoin as possible now and earn more income in the future.

[Vaculin]

It is somewhat you are unlucky and having a wring entry with Defi. I know that there are promising Defi projects around but you've got the wrong one burns your out and loses your money. It is really regrettable but that was a part of our life in crypto, sometimes we overly speculated that choosing this one will give us more but unfortunately, we ended up badly.

Anyways, makes this a lesson to learn. Not all the time we are right, so better to move on and accept this loss. This is not the end of your life in crypto, you can still recover it someday.

[iTradeChips]

For me, my opinion on that is a bit negative but I do put it in a positive way. If you put these things into a certain perspective, you will find that predicting the future is one hard thing to do. We do not know what the future will bring for us. We will also never know if the good future will happen now or will it happen tomorrow or maybe it will happen in a few years or a decade. Nobody knows what will happen. So if you did something now and then 2 weeks later you regret that decision, there is really nothing for you to do than accept that fate. Nobody is to blame, it is just what it is, a happening on a point of time. So do not feel regret, use it as an opportunity to learn patterns, know more news and information, and check with many people. So that in the next time, you will be able to know the patterns, and will be well informed in your decision to sell or to hold a little more.

[leea-1334]

All crypto trends will pass and money will always flow to Bitcoin and the top altcoins. I have seen that through the bull market times from ICO, IEO, IDO to DEFI.
Holding Bitcoin and the top altcoin is an arduous process and we need to be consistent with our stance to become rich.

And always almost in the same majority of funds,,, to make Bitcoin dominance go back up towards 60-70% again. I think people in crypto who saw the last rally should know this,,, and those who have not will learn this.

Like you said IDO and DEFI is just ICO days. People have not seen it yet.

[slaman29]

Soon there will be more and more people like you also regretting. Defi is just a trendy thing right now with 100% APY but it all won't matter in the end when their tokens crash and burn.

assurance is nothing with DEFI bs projects , they are like Pump and Dump coins and will never have a place for long term in this market.

Plus, all these networks people are trusting to wrap their Bitcoin? It's not going to end well when one of it becomes insecure or rogue, I believe this is a matter of time only:)

At least OP has now new knowledge and will surely use this in His future investments.

Indeed, assurance is bullshit in Defi, and people who actually think assurance means something have never been in crypto. I was in ICOs with all kinds of assurances. Roadmap inspections and assessments. Even escrow protections. These are all bullshit at the end of the day and I learned my lesson so hard:)

[tygeade]

I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.

They all works, that it didn't work for you doesn't mean it wasn't working. This is just not the time for DEFI, there was a time they were all bubbling and a lot of people who invested in them were making good profit from their investment, but after everything, investing in Bitcoin still remains the best thing you can do, because after everything Bitcoin still grows while most of these altcoins are just for the moment and after they mostly fade. Though there are still some good ones that keeps moving.

There have been a lot of altcoins that are doing really great this year, Dogecoin really pumped hard this year and even a lot of others that did great. It (dogecoin) later started dropping last weekend which made a lot of people to panic. But I have noticed that there are still lots of people who are ready to HODL, because they are believing they will reach the $1 price.

[riiiiising]

Of course HODLing is much better than yield farming. Because those DeFi projects aren't very reliable to stake onto. You can even lose money while hoping to earn. It is the same for HODLing also but at least it is safer and much more profitable in the long run.

Staking makes only sense if you stake in a well established network that is not as volatile anymore, but even then there is a ton of risk involved. Staking in volatile coins is among the riskiest strategies you can pick.