Hi @crypto.piotr first of all I want to tell you that I'm really happy for your change of life.
It's a brave choice especially in this period of chaos both because of the pandemic and the general situation related to cryptocurrencies.
WoW, well done!!!
As for your post it's really a lucid view of the whole situation and I finally understood better the btc crash.
I love DeFi and all the opportunities it gives to invest and grow our earnings.
However, I think that even if we have the opportunity to invest by borrowing through the guarantee of the btc we hold by going into debt as you explained, to buy more btc, it's not said that we have to expose ourselves to the point of having to lose everything.
We can also invest in crypto more safely or we will have to learn to live with these violent btc crashes.
And then, there has also been a hand of institutional investors who have been trying to manipulate the crypto industry through FUD since they started investing in this market.
I think they tried to create problems for El Salvador and all cryptocurrency supporters.
Maybe they wanted to give a warning to discourage other countries to follow suit.
Certainly everything that's been going on these past few weeks is making me realize that the cryptocurrency sector is stronger than ever, and bitcoin is proving that it deserves all the space it's getting in the financial industry.
Thanks so much for sharing your thoughts on this situation with all of us.