We humans are simple creatures.We like to boil down complex situations into a single number.
For example, the economy is complex. So we reduce it to one number -- GDP.
Valuing a company is complex. So we reduce it to one number -- a P/E ratio.And so on.
I'm a big advocate that always trading with the same stop-loss and take profits regardless of the chart configuration is a losing strategy.Let's cover 3 easy steps that you can use TODAY to increase drastically your gains and more importantly, reduce your losses.
Introduction DeFi (Decentralized Finance) took the crypto world by storm. I clearly didn't expect such a mania. It literally reminded me of the 2017/2018 ICOs craze were buying anything could give an instant X3/X5 (assuming one knows when to exit properly) Based on the Ethereum blockchain and started with a few famous blockchains/tokens in 2018 such as $COMP, $YFI, $AMPL. I didn't notice those before July 2020 and I have to admit the concept behind those tokens is truly revolutionary. $YFI (Yefi) for instance is a form of passive investment. The system is automatic and selects the investments to be madde behind the curtains to maximize your return on investment. Let's cover now my TOP 7 reasons why DeFi could...