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

[lienfaye]

I don't blame you guy but you need to take a risk that is well calculated. You don't go all-in for only one token, you need to diversify even though you are using your precious digital gold (BTC) for it. If you have invested 0.1 in each, that will be 10 projects and there is no way all of them will be dumped and you can easily cut off your losses.

But investing in defi projects are risky compared to well-established coins. If I were to diversify my investment then I will choose the coins similar to bitcoin, a coins that are existing for few years and has a good development and progress. It has less risk and it doesnt matter if I wait longer as long as there's a possible good outcome waiting. Anyway investing is really risky regardless how promising it can be thus dont invest the money that is meant for important things.

[noorammak]

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.

[Reatim]

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.

Now realization comes your way after trying to trust other area aside from Bitcoin? now you know how important letting your money in Bitcoin instead of any rising altcoins?

Sad to hear what happened to you but that will serve as example and learning for not to leave BTC all the way, you can take part of it for other altcoins but not ALL IN .

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.

Actually it is the whales action to Fool other investors to be part in altcoin shining because in the end? they will always goes back to btc investing.

[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.

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:)

[Shasha80]

holding bitcoin in the long term is one of the best ways to earn income when compared to the DeFi project, bitcoin has long been born and has been known by everyone even recently many institutional investors have started to look at bitcoin because they really believe that bitcoin is good to use as an investment.

Indeed, Bitcoin holding is the best choice to be able to make money, especially in this year the increase in Bitcoin is very drastic. In fact,
many institutions prefer investing in Bitcoin compared to other assets. So it's a wrong decision if we prefer DeFi to Bitcoin, mostly DeFi
just goes up because of the hype. So DeFi projects mostly go up suddenly and will go down too quickly, in the end it's hard to recover.

[ILuckyGuyI]

You are right about thinking that HODLing is the best way. Because I think there is no way that you can make a bigger profit by yield farming than HODLing BTC in the long run. Yield farming is not totally useless though. If you don't want to invest into a coin for some time but still want to increase your money in the market, farming is a good choice. But you should be really careful as DeFi yield farming projects have big risks in terms of security etc. .

[Chato1977]

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.

[online73]

Hello everybody. In some ways I agree, in something, no. But with each passing day, it becomes clear to me personally that looking for different ways to make money on crypto-currency is less effective than just hodl Bitcoin. But you become even more convinced that, if you compare the time frame, then we seem to be in the "wild west" - it's dangerous everywhere. Yes, if you were lucky, you could buy a coin that will give you thousands of X's - but this is simple luck, just like finding gold in the "gold rush". Here and now, you just need to be very well versed in the crypto market, having previously traveled the thorny path of loss of deposits and deception from various projects.

[raidarksword]

Experience will always be our great teacher in this industry and the decisive decision will always be the focal point to succeed for long term haul purposes that will give more profits in the future. DeFi project had been a hype few months that's why the hype is so great that fake and scam projects were also booming. DYOR will always be the basic tool not to get rekt.

[AicecreaME]

That can't be avoided, I meant we don't even know what's gonna happen next in the crypto market, whether it will pump or dump, so what you did was not even wrong. If you bought your bitcoin under $32K, then it is already a boss move since a profit is a profit no matter how small it is. Maybe next time you should spare some Bitcoin in your wallet so you could celebrate as well whenever it makes an All Time High price, just don't put it all in one basket.

[conected]

holding bitcoin in the long term is one of the best ways to earn income when compared to the DeFi project, bitcoin has long been born and has been known by everyone even recently many institutional investors have started to look at bitcoin because they really believe that bitcoin is good to use as an investment.

- Best way, but most people can't rely on this direction for too long as bitcoin often has terrifyingly quiet spaces and when it falls into this state, investors also feel very uncomfortable, this silence created an impatience and, looking at other opportunities, they realized that bitcoin was not the only chance, Defi was such a case, a bright spot could be profitable. Momentary letting go becomes an opportunity for others to accumulate, and as the price of bitcoin flies, remorse rises in emotion, sometimes holding is an act that requires a lot of rigidity.

[Xinarae*]

Bitcoin has always been at the top of all currencies in the crypto market. Even if the price goes down it will go up again but it will have to wait patiently for a long time defi schemes to increase the price of bitcoin have improved the market a lot. The bull run is going on and looking at bitcoin this coin will rise even higher but there is no guarantee of how long the defi projects will last.

[Fredomago]

That can't be avoided, I meant we don't even know what's gonna happen next in the crypto market, whether it will pump or dump, so what you did was not even wrong.

Your decision is your personal choice, no one can tell if it's right or wrong, depends from how you treat it and how you accept your action.

If you bought your bitcoin under $32K, then it is already a boss move since a profit is a profit no matter how small it is.

yeah right, and what's important is you able to gained from your investment, how early you might move it and diversify it, it's your

money and no one else who can decide your position to take it.

Maybe next time you should spare some Bitcoin in your wallet so you could celebrate as well whenever it makes an All Time High price, just don't put it all in one basket.

Learn from this mistake and start rebuilding your investment, there are always good and bad experienced but there's also knowledge
and skills that you'll learned along the way.

[skarais]

holding bitcoin in the long term is one of the best ways to earn income when compared to the DeFi project, bitcoin has long been born and has been known by everyone even recently many institutional investors have started to look at bitcoin because they really believe that bitcoin is good to use as an investment.

That's right, bitcoin is a profitable asset both in the short and long term. However, due to price volatility, maybe people are still hesitant to hold it for long for fear of not making a profit. I am pretty sure that anyone who has sold their bitcoin in October to December 2020 will regret the decision once they find out that the highest ATH occurred in 2021. But regretting the decision because selling it in the past will be useless, just make it an experience and a valuable lesson in the future.

[mbe48]

You should not think narrowly about losses, because basically Crypto has a high risk of prices that do not necessarily fluctuate significantly. You are also not the only person who has a loss, and one lesson it is good to save on some assets. And remember the main benefit of DeFi technology is that it allows people who previously did not have access to financial services to participate in the global economy. Stay enthusiastic about the achievements you get ...

[Lanatsa]

I don't blame you guy but you need to take a risk that is well calculated. You don't go all-in for only one token, you need to diversify even though you are using your precious digital gold (BTC) for it. If you have invested 0.1 in each, that will be 10 projects and there is no way all of them will be dumped and you can easily cut off your losses.

But investing in defi projects are risky compared to well-established coins. If I were to diversify my investment then I will choose the coins similar to bitcoin, a coins that are existing for few years and has a good development and progress. It has less risk and it doesnt matter if I wait longer as long as there's a possible good outcome waiting. Anyway investing is really risky regardless how promising it can be thus dont invest the money that is meant for important things.

Yes for you but for others ? we do have different kind of approach into investment this is why there are some whom do really risk out even if its way too risky yet we do know on how much
potential in profits it could possibly give you once you do hit up the right project and of course it would really be a gamble.

Even if you do know that bitcoin is worthy but still you do consider out to diversify into other projects on having the beliefs that it could rise out then
its part of our investment strategy and of course it would neither be resulting into positive or negative.

Regrets do always come in the end but doesn't mean that you would completely stop on what youre doing. In able for you to make money is to
make out some risk which is normal.

[riiiiising]

Never regret spending your BTC. That's what it was born to do. The purpose of bitcoin's life is to be spent.

Some people tend to "look back" and have regrets, some keep looking forward. Too many don't understand that's unhealthy to look back because you'll always find something you could have done different, better.
This being said, it's clear that selling Bitcoin for NFT turns out to be a bad business more often than not. But OP should (and seems to) take it as a lesson instead of regretting.

I learned the hard way that Hodling BTC is the only way. [~snip~] Just HODL and you would have more more money than anyone yield farming in long run.

Indeed. It's a valuable lesson and you've learned it.
And keep in mind that in the same way all who got burned in the ICO craze warned that NFT is not a good investment and you've ignored that, many of the next ones to come will be burned by the next similar craze, just because some don't believe the warnings and "want" to learn from own experience.

It is the same with NFT as it was with ICO. Nobody will deny that there were a couple of ICOs that made you filthy rich. The danger is that t is just a hand full. It is tempting to find one of this hand full, but as Neuroticfish says you'll lose more often than not. Try to have a balanced portfolio, that allows for some high potential high risk investments while also having exposure to more solid coins.

[DatKing]

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.

[erep]

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.

Before transferring an asset from the top coin to another, you should specifically consider and do not need to rush to trade the entire asset but quite a portion of the total asset. This is to anticipate if the top coins increase and you can enjoy half the profit from it.

[tanjiran]

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.

this really depends on the token used. we know that defi is on the hype, many projects whose prices are rapidly rising so farming can be a fairly effective alternative to multiplying assets. but we need to do an in-depth analysis and be prepared to face the worst risks as scammers are also starting to take advantage of this opportunity. we must be prepared for the possibility that our crops could be profitable or worthless.
while holding is much safer because we can store it in our own wallet, while for farming we have to "entrust" our assets to the project platform. must be really selective in order to keep our wallets safe.