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RE: My view and analysis of CURRENT CRYPTO MARKET situation - SHORT TERM expectations
I've been hoping to see your comment @fijimermaid :)
It's however shorter than I expect. Usually your comments are 2 pages long ;)
Important lessons from this:
Don't Leverage Trades.
It's hard not to agree. I found it very tempting to use DeFi to actually get more stable coins and purchase more BTC. But I resisted this temptation. And I'm glad I did.
ps. thanks for sharing this link. I wonder what "derivatives" are. I actually never heard this term before. How strange is that ....
Appreciate your feedback buddy,
Cheers, Piotr
LOL...2 pages long...that is so funny and true.
Derivatives are assets that derive their value from some other asset or income...like mortgage-backed securities. The vast majority of derivative assets are peer-to-peer (created and traded between institutions) and not transparent.
Crypto has derivatives as well. Technically, stablecoins are derivatives..because they’re value derives from fiat value...and hopefully secured with collateral protected from volatility.