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RE: The need to count wealth in fiat?

in LeoFinancelast year

I like the idea of respecting fiat. Very few people every buy anything with crypto so the need for fiat still exists.

I like crypto but I think it is obviously a risky thing to buy with fiat. Luckily it can be had for free. One can get free Bitcoin all day every day on the free bitcoin faucet website. Sure its just a tiny dribble but it takes hardly no time and did I mention it's free? :D

We get free Hive and HBD here, if we interact and make some friends. Both then give us free crypto via inflation/yield. When the market is going down, one could sell Hive to avoid further loss, park it in HBD to get 20% APR at much lower risk, then sell for fiat if needed. In boom times, one could simply stack Hive and HBD until they reach a goal amount of each, then after that, stack less and sell some.

If a person can come here and enjoy their time, they could build a nice amount of crypto Without an investment of fiat. If they have a higher tolerance for risk, they can use some Hive or HBD to buy any token on hive-engine and hope for the best. But if you look at the results over the last several years, I think you have a better chance to lose money that way. Stick with Hive and HBD and do not get distracted by the New Shiny Thing. You are already doing the New Shiny Thing just by being here!

Not financial advice, never financial advice from me. I do not know what the heck I'm talking about! But I can give my personal opinion once in a while. :)

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Thanks for sharing your thoughts!

Earning crypto “by the way” is great.

I need to start respecting faucets after reading what you wrote. I will certainly check that out.

Here’s another one, giving free NIM:
https://nimtris.com/