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RE: Almost Liquidated! 😱 😲 .:. Terra LUNA UST Fiasco Experience

in LeoFinance3 years ago

I did not FOMO into LUNA even though everyone was talking about the 20% return and I never really trust those infinite loops. I have always been hesitant about putting up crypto as collateral because it's so volatile. It's nice when the prices go your way but it can get nasty quite fast.

Also, I don't know if I would have picked that PolyCUB stablecoin pool because of the early harvest penalty. It would be hard to get back the full return if you needed the funds quickly.

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Well, the coin has two sides... If we look always from the sidelines, we will probably stay where we are... Not every investment in crypto is bad, but there are situations like this one of course...
I have learned my lesson from this one, but I will not stay away from crypto because of this... It has just strengthened my beliefs in blockchain tech and crypto in general... ;)

!LUV

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