What is Decentralized Finance?: And How Does It Relate To Cryptocurrencies? (MFI Series1, #57) (eBook, ePUB)
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Many people misunderstand the difference between cryptocurrencies and decentralized finance (DeFi). Cryptocurrencies are like stocks, and DeFi is like the banking system.Understanding a few stocks is much easier than the entire traditional banking system.Yes, there is a lot of money to make by interacting with DeFi; however, the risks are significant. If you don't understand the world of DeFi, spend a year learning.People assume getting rich in cryptocurrencies is about day trading. However, the people who made the most money were buy-and-hold style investors.To succeed in Crypto and DeFi, tak...
Many people misunderstand the difference between cryptocurrencies and decentralized finance (DeFi). Cryptocurrencies are like stocks, and DeFi is like the banking system.
Understanding a few stocks is much easier than the entire traditional banking system.
Yes, there is a lot of money to make by interacting with DeFi; however, the risks are significant. If you don't understand the world of DeFi, spend a year learning.
People assume getting rich in cryptocurrencies is about day trading. However, the people who made the most money were buy-and-hold style investors.
To succeed in Crypto and DeFi, take the long approach. Educate yourself, mitigate risks, protect capital, and make well-thought-out moves. Avoid FOMO!
Understanding a few stocks is much easier than the entire traditional banking system.
Yes, there is a lot of money to make by interacting with DeFi; however, the risks are significant. If you don't understand the world of DeFi, spend a year learning.
People assume getting rich in cryptocurrencies is about day trading. However, the people who made the most money were buy-and-hold style investors.
To succeed in Crypto and DeFi, take the long approach. Educate yourself, mitigate risks, protect capital, and make well-thought-out moves. Avoid FOMO!
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