Cake DeFi, 3 Years Down The Road — My Best Mistake So Far!

Trader FX
Coinmonks

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The More I Learn, The Less I Know

Image taken from The Economist

The world of investment is much like a foray into the unknown, or perhaps a rabbit hole into uncharted territories. Indeed, investing is as addictive as it is a fascinating art to learn. As a young investor 3 years ago, it wasn’t long before I soon found myself frantically scouring through a blindingly extensive list of cryptocurrency platforms in the hopes to generate passive cashflow, having grown so tired of the paltry returns of traditional finance. I was mesmerised by the offerings and potentials of decentralized finance. It is hence of little surprise that one day, Cake DeFi should show up on an advertisement aptly targeted to me while I was scrolling through my mobile device. Boy, was I impressed with the promise of generous passive cashflow that Cake DeFi claimed to bake, what with >100% APYs back then! Never having given up on any good offer , I hastily signed up for Cake DeFi without giving much thought and hence started my investment journey in DeFiChain, which cost a little over $0.5 then. I enthusiastically deposited a variety of coins into Cake DeFi — in fact, small amounts of each cryptocurrency, just to test the waters.

A Regret

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Trader FX
Coinmonks

A tech enthusiast, trader and zealous writer passionate in cryptocurrency, finance and passive income. 4x Top Writer in Finance, Bitcoin, Investing, Technology.