Crypto | Pick one project and get sophisticated

in hive-196037 •  3 years ago 


Greetings,

I did was doing some research this morning to update myself with information on what's going on in the Cryptosphere. There are so many new projects, so many choices and so much information out there.

For me, I need to do a lot of research into the project before going in and I'm finding that there are basically a handful of ways money is being made in crypto. A lot of the so called DeFi projects are pretty much yield farm smart contracts with different names and language rapped around them to make them seem different from the next project.

With so many projects come increased potential risks. It is why I chose to pick a few projects that I fully understand, and mainly live within those. Sure, I am probably leaving some money on the table by not considering some opportunities, but I think being sophisticated in one or two good projects is the way to go.

Peace,

Ade.


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  ·  3 years ago  ·  

yeah i think now i look at it as sectors of my life... like water, fuel, housing -- what is out there that gives me utility in the areas of my life that i can get rewarded for my inputs and experience so far in life in those areas.

  ·  3 years ago  ·  

Very wise. A token to somehow decentralise solar power or recycling would do well.

  ·  3 years ago  ·  

totally agree. i've seen one for connectivity/wifi which i'm still researching, they are currently changing their protocol. the recycling one is interesting, if you come across any, i'd love to know about them if they seem legit.

  ·  3 years ago  ·  

oh and these are on uphold, could be a good long hold -- https://universalcarbon.com/

  ·  3 years ago  ·  

Only on uphold? I'll take a look. I only use Uphold for BAT tokens from my Brave browser wallet. It never occurs to me to use them for anything else.

  ·  3 years ago  ·  

don't think you can buy in the uk yet. but soon, yeah they have a bunch on there. pretty good, and usual stocks too.

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