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Now, here's what I did a few minutes ago - I did another round of average cost buying into DPI.
Those who follow my blog know that I invested in DPI a while back when some people were talking about it, and so far it's not doing very well... but I think that will change so I am using these drops to dollar cost average.
Why is it the right time to buy now?
Well, there are still some DeFi projects holding, but most of them are dropping considerably and the DeFi space could be doing a lot better - granted this is predicted by the index's rebalancing formulas and whatnot... but now the crypto space is all shaky with these latest drops and things look quite negative - which tells me to keep on stacking as we're nowhere near the top.
If you like DeFi like I do (I still have exposure and money pooled into several different DeFi Protocols), then buying DPI now is a no brainer - unless your portfolio has no safe options and its all a high-risk clusterfest (in that case, opt for a safer bet like Covered Calls ETFs or... Cobalt? )
So, the most important thing to bear in mind is that now, when fear abounds, isn't the time to sell - probably, what do I know - but maybe it's time to check if your portfolio is too risky for your own good.
For those who love DeFi, I already suggested dollar-cost averaging into DeFi Pulse, but what about for those who hate it?
Well, you should take a look at Covered Call ETFs, which are much safer than Crypto and are a new mainstream investment form that yields about $100 per month for each $10,000 invested, which isn't too shabby. (Depending on the covered call ETF, but there aren't many good ones yet).
This can be a good way to have access to higher "dividend" yields from the mainstream economy if you want to hedge your risk.