The Scope of Investing in Crypto Yield Farming
I always say that it's all about timing in crypto trading and investing. As the whole world is embracing cryptocurrencies and some countries are even regulating the crypto exchanges so there are higher chances of crypto booming. So it's wise to step in before it's too late because Cryptocurrencies are considered to be the best as compared to Fiat due to Freedom which is not found in the central banks.
Are Yield Farms really necessary?
The number of Decentralized Finance Yield Farming platforms is increasing each and every day, some are Ethereum Based and some are Binance based and a lot more chains are getting involved. Some investors might not see the importance of Yield Farming in Crypto but I believe it is essential, especially at this moment when Markets are Bearish. Investors have different perspectives and they react differently in times of Market bleeding, some will sell off their Crypto assets for Stable coins or use the money for something else but some see this as an opportunity to invest in Crypto Yield Farms and earn more.
Mostly when the Market is bleeding Yield Farms offers juicy APR rates to make sure they lure a lot of investors. I do not know about others but in my own opinion, I think it wise to Farm more so that when the price goes up you will enjoy the Bullrun with something extra earned. Some projects prefer to build a lot during these moments so as to gather a lot of momentum, so instead of hiding from the bears better do research on good projects and invest and lock your accounts letting your money work for you.
Since the market is still bearish it is wise to accumulate as many tokens as possible through yield farming. You can spend a few dollars and buy some tokens then deposit them in the liquidity pools. Right now not everyone is into Crypto but sooner or later the number will increase and I would say the Crypto train is going back to get some of our new friends to crypto. I think until 2022 ends there will be more Bullrun it will be time to work on schooling new investors, building projects, and marketing to attract new investors. I look forward to Farm a token that will just blow up like Axie did and I will be good to go. So instead of being stressed by this bear market, it is wise to Farm more tokens and wait for the market to do its duty.
Though there are high risks involved with investing so you should be careful and take your time and dig deep to find info relating to the company you are investing with so that you will not lose your money.