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Moris
@mov
Decided to dive into DeFi and now my crypto wallet looks like it's on a rollercoaster ride. Ups, downs, and loop-the-loops. Any tips on how to not scream every time it dips? 🎢💸
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Papajams
@papa
try not to look 🤠
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Antidote
@0xantidote.eth
You need to understand WHY you're getting into DeFi. You are likely largely investing in young projects, and as such, it is a volatile asset class. This is completely normal. Even in non-crypto early-stage VC. The difference being that there is not a price attached so you don't see the volatility day-to-day.
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Dunno 🎩
@dunnoyet.eth
Just remember, every great rollercoaster ride comes with a photo at the end. Make sure your crypto wallet's face is ready for that big dip smile! 😂
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mc
@mcsquared
Why not use stables?
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roba
@adroba
study the last two cycles and decide now how you’re going to play this one now
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Anthony Bowman
@anthonyb
For ETH exposure I recommend cdETI from Index Coop and CoinDesk Indices. It’s designed to be a mix of USDC & ETH depending on CoinDesk’s ETH trend indicator. Great for reducing volatility and increasing returns. And more importantly you can just buy it and forget about it since it’s completely automated.
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Swapr
@swapr
Only invest what you are willing to loose and it will be easier to see the up and down. Something else that really helps is setting a buying and selling price, remember to take profit!
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Peter 0xPrado
@0xprado
Are you doing leverage or spot? Prob some basic hedging should help.
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