High returns high risk
Whenever I want to invest in anything, I check for some thses factors.
- The factors that generate money for the owners.
- The ROI
- The project plans and future
- Longevity.
- Number of users.
All of these works but sometimes I get greedy and I check for only the user base and the ROI. There are other factors that I check but those are the major ones. Cryptocurrencies have taught us all lessons. Every time we lose money is the chance to know the loopholes in other similar systems. Defi platform on BSC started with pancakeswap. I invested in Cake token very early and I am among those that made a lot of money on Cake. Later other smaller Defi started coming up and the ROI are nicer than Cake. Their structures seemed good and I invested in some. Well most of them worked but the token itself was dwindling.
To be specific, I invested $1,000 in honeybee. They used a kind of new technology on binance that allows many layers. They have 3 kinds of tokens with very little supply. They give 700% APY and I thought of banking some money there. The return came but the token itself was more than a failure. It dropped from $70 to $3. Now it doesn't really make any sense again.
Stability is better than inconsistent profit. Investing in Leo or cub will not bring such APY but the stability is priceless. It is better to see $1,000 turning $1,050 than $10. In 2022 I want to track my investment and build on consistent growth than jumping. Someone says when you grow, you remain but when you jump you come back to your normal height after a few seconds
Thank you for reading.
Posted Using LeoFinance Beta