I had a buddy who lost his tokens on Celsius…
After that he was buying on Coinbase and was staking there…
I asked him “dude, do you ever learn? You know cold storage is the way not way”
He told me, yeah but the yield is where it’s at….
There is a breed of people that take a lot longer in life to come around to things even when they touch the stove.
I don’t give up on them. He now has a ledger cold storage. 😂
Cold storage is the way**
Had a friend lose his eth on Blockfi. He finally self custodid his BTC. They can learn
Constant beatings until moral improves
Who needs a yield on sound money, defeats the purpose.
Yeah, the fiat disease of yield chasing takes a long time to get rid of.
People have been indoctrinated in it for many years.
I’ve been guilty of that too, sadly.
Sometimes ppl are just too tempted to touch the hot stove again
I was influenced into getting into some of these products on some of these exchanges and I count myself fortunate that I did not lose more. I’m very cautious anyway so even at my peak shitcoinery I was 90% in Bitcoin. At this time I was really interested in Luna and UST because you know, like you mentioned, “yield” and even some supposed Bitcoin maxis were supporting this. I was considering trading my Bitcoin for this then I remember seeing a video from Cory and his conviction about how this was a scam about to collapse, so I hesitated. Then not even a week later it happened, it went to zero in a matter of hours. I didn’t lose anything because I never made the trade but that was too close for me because I had really wanted to. Well the maxis were right, 20% yield on zero is zero. Now I’ve seen the light, all cryptos are just a Bitcoin affinity scam, Bitcoin is the revolution
Hard lessons are the only way. I battle with that fiat mindset every time I talk to people about Bitcoin. They can't let go of the fiat value.
