While You Wait
Over the years, I have often discussed Proof-of-Stake and DeFi protocols, as a way to earn additional yield with your long-term Crypto holdings. The unfortunate events of 2022, regarding Celsius and other lending entities such as BlockFi, left a somewhat bitter taste in the mouths of those affected. It was very much a domino effect, that once triggered, had no chance of recourse.
It couldn’t have happened at a worse time. It was during the formative stages of the bear market, and so devastation was the likely outcome. Despite many of these entities suffering irreversible damage, some continued offering yield on Crypto deposits throughout the bear market. One of these entities is BetFury, an online gaming platform that also offers great “staking” rewards.
This is of course “staking” which refers to locking up tokens to earn yield. This should not be confused with traditional Proof-of-Stake protocols, where tokens are delegated as a way to secure the network, as well as earn staking rewards. As with Binance Earn, there are flexible and fixed-term rates. The longer the fixed term, the higher the APR. It’s also important to note that BetFury has continued to prosper, regardless of market conditions.
Past performance is not necessarily indicative of future performance. However, it’s important to note that Betfury and its investment products were unaffected by the carnage of 2022, which is rather encouraging, regardless of your viewpoint. The fact that you can earn 60% APR on BTC deposits, provided you choose the 365-day fixed-term product, is an incredible opportunity. It’s also an indication of Crypto intelligence.
The BetFury team understands the market they have chosen to operate within. Now is the time to offer attractive investment products. Why? Well, the market is expected to appreciate over the next 12 to 24 months. This creates a comfortable zone in which to work within. You will remember that many entities such as Celsius began offering exceptional returns during the final stages of the previous bull market.
This is a rookie mistake and one that the BetFury team seems not only to be aware of but has avoided making. This market is all about timing, as I guess is true of any financial market. However, when it comes to Crypto, it’s imperative. A bad move in this market can be fatal. Regarding TradFi, the consequences of a poor decision are not nearly as fatal as within the Crypto space.
In terms of investment products, there are also exclusive offerings reserved for active users who have wagered qualifying amounts, and so have access to higher-yielding investment products. Utilizing opportunities such as BetFury Earn is a great way to generate passive income, which can then be used as investment capital for micro-caps, or alternative investment ideas without needing to deploy fresh capital.
Final Thoughts
As with any investment vehicle, the risks remain. It is also important to check if this service is available in your country of residence. Always conduct due diligence before any investment decision. This is not investment advice, but rather a service that I have found to be highly lucrative over an extended period. BetFury is approximately 4 to 5 years old if memory serves me correctly.
Diversification is always key when it comes to investment vehicles. My rule is to never exceed 10% per opportunity, and subsequently, mitigate risk. Make sure you always study and test an opportunity before making any important decisions. All the best, see you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
Posted Using InLeo Alpha