Part of the HODLFIRE lifestyle is to HODL and Earn.
There is an opportunity cost and risk to both. But maybe more risk in Earn right now.
The market is turbulent. And there is a very high possibility that many people are over leveraged, including exchanges and earning platforms.
What I'm suggesting, is that they may have IOU bitcoin on their balance sheet.
And if there was an event that caused a large withdraw of bitcoin from 3rd parties in 1 go, a lot of people are going to be scrambling to acquire actual BTC to repay obligations.
The thing I like about this, there is a good chance that drives the price up. And it possibly highlights that the demand is much higher than the price represents right now.
My recommendation. Have no more on exchanges than you are willing to lose. Especially bitcoin. Because unlike ETH, SOL and 99.99% of all the others, no one is printing more to fix any short falls.
Shit's real right now.
Is the small amount of interest worth the risk.
Seriously think about it. Might be worth exiting any terms now.
✊🔥
No comments:
Post a Comment