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Re:Bitcoin Hits New All-Time High Above $65K on Strength of ... by latchkey on Wednesday October 20, 2021 @05:37PM (#28937056)
The advice below is amazingly bad. As humans we are terrible at predicting the future, so why bother trying? We are also taught from birth to fear / hate money. Therefore, we always fear doing the things that we should have done in the first place. Get over it.

1. Buy Bitcoin at any price, it doesn't matter.

2. Tokenize it into a form that allows you to...

3. Put it into DeFi and collect APY on it.

By collecting interest, it disconnects you from the actual price of bitcoin. As long as you're getting that sweet compounding interest, that is all that matters because it gives you the freedom to choose what you want to do with it.

You can "buy" more bitcoin (ie: don't sell your interest), or you can take that interest and use it to bet on other things.

You're making your "money" work for you which is the best of all worlds. This is a similar play to covered calls, but far easier to reason about.

What is different is that instead of handing your funds off to let some bro at a bank or on wallstreet make the majority of the money, you get to cut out that middle man and take control of YOUR money.

If any of the above is confusing... do some research. Start with google: DeFi.

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