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Crypto: Strategies Ranked Based on Risks Part I
By KaChinging  •  February 15, 2021
In this post, I discussed about a list of ways to invest in crypto. I have been telling people close to me about crypto and how they should at least try a small amount to know more about it. However, all of them were uncomfortable with the idea of investing in digital assets "created out of thin air" which is completely understandable. Still, the common misconception normies have about crypto is that they thought they need to buy these digital assets to invest. Actually, you don't... you can just utilize the services. So I came up with a list of crypto strategies ranked based on my estimation of risk/reward and how much you need to know to before putting in your money to try simplifying things a little. Here it goes, starting with the low risk:
  1. Lend stablecoins on CeFi
  2. Lend stablecoins / provide liquidity on DeFi
  3. Buy majors (BTC, ETH)
  4. Lend majors on CeFi
  5. Lend majors / provide liquidity on DeFi
...
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By KaChinging
Engineer, 90s Baby, Newbie Investor, INTP, Sandwich Generation, Live to Work not Work to Live, Singaporean KaChinging is about a young working adult venturing into the unfamiliar world of investing to alleviate the burdens of living expenses, reduce reliance on monthly salary and hopefully achieve financial independence.
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