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RE: LeoThread 2023-03-23 05:16

in LeoFinance • 2 years ago



What if your Bank was like #HBD savings ? https://leofinance.io/@thetimetravelerz/what-if-your-bank-was-like-hbd-savings #gosh #posh #leo #leofinance #hive #khal

Would U hold yr money in HBD with 20% return or in a bank which can sink ?

2 years ago in LeoFinance by
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     2 years ago  

    If you are not into $HBD savings, you don't know the stress that comes with it :P

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     2 years ago  

    I can relate to that so perhaps keep a diversified portfolio is the way to go

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       2 years ago  

      I agree. I am trying to not like $HIVE this much

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         2 years ago  

        I've thought about this. It depends on the market conditions. A lot can go wrong in crypto. Regulations, hacks, mistakes, lost keys.

        At 20% APR I thought about going "all in" with any cash in savings. I'd be a nervous wreck though.

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         2 years ago  

        Yes you have a valid point so spreading your assets over a number of asset classes is the way to go forward. do not keep everything in crypto some in fiat too.

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         2 years ago  

        Absolutely, that's just good risk management as well and you lose any single point of failure.

        As they say, "Don't put all your eggs in one basket"

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