Where should I invest money?

[asus09]

Cryptocurrencies are the best place to invest and grow money fast, the trend of cryptocurrencies is worldwide and many millionaires of the world like Elon Musk are coming in and investing in crypto so it will be popular in the long run.

I agree with your review, maybe the best thing is that we try to invest in crypto, but it all depends on your own choice, because investing has many options, you can invest in btc, eth, xrp and EOS, it would be better before you to invest you should learn first, and learn first. xrp still have lower price and good option if try to add your portfolio altcoin listed and have good investment for the future.

[1715008562]

1715008562

[bamb]

The only risk I see here is the sustainability, anchorprotocol is not known and proven like Nexo or binance and putting your money out is risky enough not to mention risking with unknown platform that can not be held to a standard of integrity! I would rather trade with caution if I were you!

[rozak]

If you want to invest in cryptocurrencies then the most important thing is to make sure that your finances are good, so when we invest in cryptocurrencies we think it is the same as losing money so we don't panic and stress, there are too many sad stories because of selling assets or going into debt to invest in cryptocurrencies and they lose money so they are still in debt and assets can't buy anymore.

what you say is very true. too many sad stories of those who failed to pay debts due to crypto investments.
because indeed we must be financially free and use money that we will never use to enter the crypto market.
using savings or pocket money will make the mind never calm. too many hope to get rich quickly in the crypto market. even most do not know the risks of crypto investment.

[naira]

I personally currently choose to invest my money mostly in well-known and still cheap altcoins such as bnb, dot and matic because I believe these coins are stable and once there is a high increase then these coins will follow and I will invest some of my money in meme coins.

Lol
BNB and Matic may still be ideal, but please don't suggest a newbie dive into meme coin. It would just be useless trash. Therefore, doing research is of utmost importance. When it comes to altcoins there is only Ethereum which is much more stable. But what would it all be without Bitcoin. So the only good investment is in Bitcoin.

[kojektea]

anchor has its own forum, he also has quite a lot of active communities, maybe you can enter but it still has a high risk, I'm not completely sure, because I just saw this project and it's also less popular in my community. investing some assets is a good choice.

[Ziskinberg]

anchor has its own forum, he also has quite a lot of active communities, maybe you can enter but it still has a high risk, I'm not completely sure, because I just saw this project and it's also less popular in my community. investing some assets is a good choice.

I'm not sure as well if that forum is good to visit then, I certainly don't even try.
I hope that OP will be more careful in regards to investing. Some platforms will offer high rewards to those who want to stake coins but the question is if that guarantees safety to our coins there?

My take on this is I need to dig deeper about the project before making a step. We have to be sure that we are in good hands to avoid regrets and losses.

[Ararbermas]

If you want to invest in cryptocurrencies then the most important thing is to make sure that your finances are good, so when we invest in cryptocurrencies we think it is the same as losing money so we don't panic and stress, there are too many sad stories because of selling assets or going into debt to invest in cryptocurrencies and they lose money so they are still in debt and assets can't buy anymore.

what you say is very true. too many sad stories of those who failed to pay debts due to crypto investments.
because indeed we must be financially free and use money that we will never use to enter the crypto market.
using savings or pocket money will make the mind never calm. too many hope to get rich quickly in the crypto market. even most do not know the risks of crypto investment.

"don't put your all eggs in one basket" and "invest what amount you can afford to lose" that's the golden rules when it comes investing crypto currency. But every new investors are blind because of their greediness.. I mean they always fell when they saw a very interesting and promising crypto investment. I mean without any awareness what will be the outcome afterwards.

[batang_bitcoin]

I personally currently choose to invest my money mostly in well-known and still cheap altcoins such as bnb, dot and matic because I believe these coins are stable and once there is a high increase then these coins will follow and I will invest some of my money in meme coins.

Good choices but surprisingly, why go with some for meme coins if you know that you're already holding these good altcoins to invest your money.
But that's your decision if you're going to invest in meme coins, it's just a few part of your money and you're already invested in some of good altcoins. Not that bad to diversify in some altcoins as you wish.

If you want to invest in cryptocurrencies then the most important thing is to make sure that your finances are good, so when we invest in cryptocurrencies we think it is the same as losing money so we don't panic and stress, there are too many sad stories because of selling assets or going into debt to invest in cryptocurrencies and they lose money so they are still in debt and assets can't buy anymore.

Even you don't have a good financing, you can still invest in cryptocurrencies. It is an open market that everyone is going can invest. Free for all as they say and it's all about the freedom and decentralization that the government doesn't have.

[Rampagoe004]

In the crypto space, the best investment place, there are many choices that we can do as we please. You are sure to wait for what happens if you don't look at Binance how many altcoins have good potential and are very suitable for investing as long as you stay safe on stablecoins, there you will find the best altcoins for investment as long as you don't do stalking.

[timerland]

Anchor yields are only propped up via their yield reserve.

I don't think that there is anything wrong with investing your funds with them per se, as you can always pull them out and it's always guaranteed by the smart contract.

But definitely don't count on the protocol's yields staying at 19.5% over the long run. Unless they keep funnelling Terra Foundation funds into the protocol's yield reserves, the current yields are not sustainable and will probably fall to closer to 5-10% APY. Which is still good, but not as attractive.

[Rengga Jati]

https://app.anchorprotocol.com/earn

That seems too good to to be true

19% APY

I have ever read an article about this platform. Anchor Protocol gives around 19-20% APY, but this may not be sustainable. This seems like their ways to promote the platform. ANd later, this may be changing.
Maybe you can also read some additional information about their reviews here to be your own considerations:
https://www.reddit.com/r/defi/comments/mgwfbh/risks_of_anchor_protocol_savings/
https://wantfi.com/terra-luna-anchor-protocol-savings-account.html

It will be wiser enough if you are doing again more research on what you are going to invest. We know that it may not be easy, but at least, you will do it based on your own decision, not because of your friend's suggestions only.
For, once if someday you are losing your assets on the platform or not meeting with your expectation, you will not blame your friends, you will cosndier that this is your own taking-risks.

[Johnyz]

In the crypto space, the best investment place, there are many choices that we can do as we please. You are sure to wait for what happens if you don't look at Binance how many altcoins have good potential and are very suitable for investing as long as you stay safe on stablecoins, there you will find the best altcoins for investment as long as you don't do stalking.

There are so many options but its hard to choose especially if you don’t know how to do it properly. If you want to earn more money you must understand first that staking is not easy and it requires huge capital to feel that huge profit because if you are just going to stake small money, that could be useless and you actually just waste your time instead of being active in the market to make more money. 19% APY seems to be possible as well, depends on the project just keep looking and you might be able to find a good one.

[RealMalatesta]

There are so many options but its hard to choose especially if you don’t know how to do it properly. If you want to earn more money you must understand first that staking is not easy and it requires huge capital to feel that huge profit because if you are just going to stake small money, that could be useless and you actually just waste your time instead of being active in the market to make more money. 19% APY seems to be possible as well, depends on the project just keep looking and you might be able to find a good one.

Even when you are making as much as 20% or so, you are making a huge return overall in plenty of years, and that is important to realize. There are so many people that consider crypto space as a place to get rich quick that they forget 20% a year for 20 years is basically building wealth, not just rich but wealth.

Maybe you are too old to consider 20+ years into the future, but if you are a 20 year old kid here, that means you can consider even 40 years ahead, when you are 60 is not a bad time to retire and stop earning money. You could start at 20 and even invest until you die, and 20% a year on average for that many years would mean that you would be the richer than you would need.

[1CentAlsoWorthForMe]

People think that investing in cryptocurrencies is the same as losing money, so people don't panic and stress. However, there are far too many sad stories of people selling assets or going into debt to invest in cryptocurrencies and then losing money, leaving them in debt with assets they can't afford.

[LUCKMCFLY]

People think that investing in cryptocurrencies is the same as losing money, so people don't panic and stress. However, there are far too many sad stories of people selling assets or going into debt to invest in cryptocurrencies and then losing money, leaving them in debt with assets they can't afford.

You are right, and this is because most people do not have a high financial culture or education, it is difficult to fight someone like that, obviously any investment they make will not be given to them because they have no idea how to behave, and more so when it comes to investment that is synonymous with having patience and knowing how to wait until benefits can be taken. For now it is even more difficult, because the campaigns against many markets due to fundamentals as impressive as the war, the pandemic, these things affect all the speculative markets, although not for gold.

[asyakashi]

In terms of revenue 19% APY is very good, but this does not guarantee that it will be a good reputation
and the price of the coin does not fall even though the coin is stable.
I'm sure there is always a risk even if they are coin stable, but usually high APY
causes their project to be unable to become a sustainable project.
There are still two possibilities with this anchorprotocol, the first possibility is that they initially
create 19% APY to attract lots of people in then after some time they stop this staking system,
secondly they don't plan to be a long term project.

It seems that there is no risk. It's UST. Stable coin.

What am I missing?

It's always your risk, don't be too confident with stable coins though because I'm sure
 a staking system with a large APY is not usually a long-term project. You should do
more research before entering or you will regret it if it happens.

[Blowon]

My friend introduce this

https://app.anchorprotocol.com/earn

That seems too good to to be true

19% APY

I want something like this.

It seems that there is no risk. It's UST. Stable coin.

What am I missing?

Other ones.

I see it looks like the anchorprotocol is on a terrachain network which isn't popular at the moment.
Actually, apart from the risks that have been considered, usually entering at the beginning is a distinct advantage.
For now 19% is good APY, it doesn't hurt to try logging in but don't get greedy for it.
Because I firmly believe that even a stable coin does not guarantee it is risk-free if we invest there.

[ICYYY]

Invest in SAFUU before the price takes off. LP is locked for 13.5 years. After the first year the insane 300,000 +% APY will go down. Www.safuu.com

[Marvell1]

Anchor Protocol is an important piece of Terra ecosystem. Terra ecosystem is booming with TVL up to 22 billion USD in which Anchor contributed more than 11 billion dollars, accounting for 50% of the entire ecosystem(at the time of writing). Currently terra's TVL is just behind ETH.
Smart contract, Anchor token have been audited by Cryptonics and Solidified.
https://anchorprotocol.com/docs/Audit%20Report%20-%20Anchor%20Protocol%20[20210308].pdf
https://anchorprotocol.com/docs/Audit%20Report%20-%20Anchor%20Protocol%20[20210406].pdf
https://anchorprotocol.com/docs/Audit%20Report%20-%20EthAnchor%20[09.07.2021].pdf
However, nothing can be absolutely guaranteed, don't invest at anyone's word. You have to do specific research and make the decision for yourself.

[Rasa nanas]

Staking has its risks mate if that project value goes down it will affect your rewards, if you can only stake the project on a exchange anything can happen to the exchange, don't ever believe that there is no risk involved in staking coins if anyone told you otherwise you've been lied to.

true, staking also has risks but at least by staking the number of tokens we have can increase.
So far staking is quite effective in making the value of a coin go up because staking is able to attract the attention of many new investors and staking can also cause the coins circulating in the market to decrease. if the coin you are staking is a stable coin of course the risk you get is getting smaller because the value of the coin you are staking will not change.