02-20-2022, 09:06 AM
Those people who turned $100 to $1,000,000 are a VERY small minority. A lot of peopl
<!-- SC_OFF --><div class="md"><p>We as humans are always biased towards looking at the extreme stories.</p> <p>We only remember the man that made $1 million from $100 or the man that lost $1 million overnight after investing in insert shitcoin here</p> <p>We never really look at the 99.99% of people who barely made any significant profit in the market and still don’t know how most of the market operates from DeFi to liquidity pools to staking.</p> <p>It’s only now, after 3 years, that I started really understanding how things like compounded APY and lending from platforms like AAVE work.</p> <p>Started investing more into projects with actual utility like BitDAO instead of “get rich quick” hype coins. At least this way I know I’ll be making slow but consistent profits off of a legit project instead of believing the fantasy of 1000x overnight that will most probably leave me disappointed and with less funds in my wallet.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Soggy_Pin8799"> /u/Soggy_Pin8799 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/swak69/those_people_who_turned_100_to_1000000_are_a_very/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/swak69/those_people_who_turned_100_to_1000000_are_a_very/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>We as humans are always biased towards looking at the extreme stories.</p> <p>We only remember the man that made $1 million from $100 or the man that lost $1 million overnight after investing in insert shitcoin here</p> <p>We never really look at the 99.99% of people who barely made any significant profit in the market and still don’t know how most of the market operates from DeFi to liquidity pools to staking.</p> <p>It’s only now, after 3 years, that I started really understanding how things like compounded APY and lending from platforms like AAVE work.</p> <p>Started investing more into projects with actual utility like BitDAO instead of “get rich quick” hype coins. At least this way I know I’ll be making slow but consistent profits off of a legit project instead of believing the fantasy of 1000x overnight that will most probably leave me disappointed and with less funds in my wallet.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Soggy_Pin8799"> /u/Soggy_Pin8799 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/swak69/those_people_who_turned_100_to_1000000_are_a_very/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/swak69/those_people_who_turned_100_to_1000000_are_a_very/">[comments]</a></span>Kind Regards R