Company-wide staff meeting at a consulting firm

If you want an unreleased gem then buy surf. It will change yielding as we know it.

>Build something dumbass
Gee thanks that really changed my perspective now I'm a rich man

Dude I’d get out of stocks completely if I were you. Put 100k in bitcoin and wait three years. Seriously all you need to do.

Sounds like you're just bad at what you do.

Ok let me expand a little. I only have like $10,000 in stocks right now and about $50,000 in Bitcoin. I'm looking to trade with $20-30,000 but the remainder, over $200,000, is where I'm looking to store my money somewhere else. I believe wholeheartedly in Bitcoin, but this is about managing risk for me. I am not stable enough to handle, even temporarily, losing a significant chunk of that savings. I'm too neurotic. I couldn't handle it again. I took too many risks and hate my job too much for that.
I keep seeing Defi everywhere and I want to get a better return for my savings account.
Well no shit, I just started. I'm working on it.

yearn.finance was literally made for people like you. You know you don't know about coins. You don't want to know about coins. You want some exposure, but not stupid exposure.

pick 'earn' for low risk interest returns. 'vault' for higher risk. They will automatically redeploy your capital to earn returns and you can cash out whenever you want.

Okay this helps. If you’re too neurotic, don’t recommend trading at all with that 20-30k. I’d put that in bitcoin and sell sometime in 2023. Start to profits if bitcoin reaches 80k. I don’t see it going higher than 120k (people will be screaming for 300k at this point - ignore this).

Otherwise, you could take a 100k of fiat, convert to USDC or Gemini USD and put it on blockfi. Probably the most trustworthy CeFi company out there.

Ok I'm on the site now. The UI couldn't be any simpler, and it says witches between Defi vendors automatically for me, which is perfect. I'm going to check out Fulcrum too like the user above you mentioned but I'm pretty excited to see this one. Thank you.

Stop being a pussy, if you want to actually make it you have to pick yourself up by your labia and throw atleast 50% of your life savings into LINK, 10% into stable coin farming to buy stacks of other projects with proceeds, 5% into Kleros, and 35% to live off of until link moons, or live off of stable coin farming.

another communist troll thread to be reported

Good perspective on Bitcoin, I appreciate that. I was aiming to see how 2021 plays out just given the typical cycle with the mining block halfening and all that. I'm expecting 2021 to be big for Bitcoin.
Also Blockfi is new to me too. I am on their site and well and I'll make an account.

depending on the size of your position liquidity draw downs could be an issue. Say you put 100k in usdc at 70%, you probably wouldn't be able to withdraw the balance in one go at the moment as the platform doesn't have the liquidity to cover it. This shouldn't be an issue in a couple of months after the governance contracts have been agreed and the network usage has grown.

Dude wtf. You are in way over your head if you can’t handle losing even a tiny bit. Crypto is totally volatile and could shit the bed at any minute for months. Obviously yes long term we are all bullish but if you are going to freak about losing a tiny bit of money, why would you want to put it into DeFi hype??? You’re going to hate yourself if your coin implodes.

Buy gold and silver with like $150k and then buy RSR, LNK, and PNK with the rest.

Can't do it. 3 years ago yes but now I have a few thousand in LINK and a few thousand in some ERC-20 tokens on Binance I never exited a few years ago but I can't. Stable coin farming maybe but they do seem like HYIPs. I haven't gone into it much but it just seemed that way.
And not investing more in LINK despite spending years on this board and watching the countless memes is one of my biggest regrets. I was so sure keeping it all in Bitcoin and ETH while trying to build a stable career was the smarter choice.

Look there’s a lot of hopium surrounding stock to flow and four year cycles that is just plain wrong. Cycles are lengthening and returns are diminishing. We expect this as the market becomes more efficient. I expect bitcoin to hit 20k next year but not 100k for a few more years. Keep this in mind.

Also I agree with the other user about being a pussy. A portfolio of 40/30/20 BTC/ETH/LINK would reduce your risk and help to maximize risk adjusted returns (sharpe ratio). Just buy and hold these three coins, no need to trade. Keep in mind, ETH is a market cycle behind bitcoin, while LINK is a market cycle behind ETH. These coins have more upside if you really want to make 1-2 million this cycle.

You're right. But I figured Defi lending contracts were virtually risk free. DAI, for example, seems more trustworthy to me than any other stablecoin because it's decentralized and I trust the ETH network to at least stay up and running.
I've lost $80,000 with a salary of about $30,000 on bad days before and I just don't want to be in that place again, even if I make more working now.
The most I could handle losing right now on a bad decision would be about $15,000, or 5%, total. The possibility of my Defi lending coin of choice imploding and losing it all would be too much for me to handle.

Hey man don’t kick yourself over LINK. I invested 10k into a company I started and lost it all in 2018. Had I put it all in link I’d have 200k. Building a career and buying as much BTC and ETH was still a good move. You have more money to play around with than most. If you can get to 10k link you will make it.

there was never a more relevant biz scene
youtube.com/watch?v=_iiOEQOtBlQ

DeFi lending is not even close to being risk free. There are no lending standards whatsoever.

It's worse: the risk of the leveraged unwrapping is totally systemic to the entire crypto eco system. If it fails, 95% of alts will fail entirely

I've seen some of the stock to flow charts for Bitcoin posted around here and I think you're right a lot of it is bullshit. That being said I still see 2021 being a good year and I was initially planning to pull out around the end of 2021. Your comment about the cycles lengthening makes me think I should keep it in until 2023 though.
Thanks about LINK. Yeah it's a big regret. I'm buying the dips now anyway.
Yes but is the whole thing not automated through smart contracts? Like lending smart contracts that are all open source and auditable by anyone? If my understanding of that is wrong please correct me, because I thought that was the whole point of them. Like the interest rates are built into the code so even if the company disappears it's all still running. I thought the only risk really was coding errors. This is not true?