For example, I invest in HIGH RISK defi products that bring me a return of 1.5% - 2.5% daily. Of course, I only invest small sums and only what I don't really need.
I mean, 2.5% per day with monthly compounding turns even $100 into a fortune of about $80,000 in one year!!
Incredible, isn't it?
I invest in several such projects, if only one stays alive by 2023 I will have doubled my investment.
Anyone interested can send me a DM.
Don't forget, HIGH RISK, but also High profit!!
It's great and you're right that you need to invest in something that will not affect your financial condition at all in case of loss...but it is important to understand that this is comparable to trading futures with leverage, only in the case of futures you either lose or earn a lot at once, in the case of staking it is stretched for a year or more in case of an unfavorable outcome...you can multiply your fortune several times in the first year and then lose everything in an instant.
Sure, it's comparable, but my actual work on this is maybe 1x per day, spending 5 minutes at most compounding the rewards. Depending on how long I've been doing this and what my strategy is, I can also take the rewards as passive income. And that's exactly the goal of the whole thing, to earn passive income.
Everyone is responsible for themselves what they do with all the money, I will continue to invest in the individual altcoins so that I am prepared for the next bull run by the end of 2024