A New Year Brimming with Investment Opportunities
It's that time of the year again, where we find ourselves facing another 365 days filled with investment decisions. Will this be a bull year, or perhaps a preparatory phase leading to a bull season? It's a question on the minds of many, especially considering how some individuals seem to consistently make the right moves and enjoy the fruits of a bull run.
We often hear the popular saying that "diamond hands" or "hodlers" have the last laugh. While there's truth to this, I believe that most hodlers can't simply hold onto their assets without putting them to productive use. Even if it means generating some passive income, no matter how small, before the bull run arrives. This way, they can use the proceeds to acquire new tokens and position themselves for those long-awaited green candles.
Some individuals choose to stake their assets, which is an option I find myself inclined towards, especially if I plan to hodl for an extended period. Others seem to be taking advantage of the innovative earning products offered by exchanges. These include savings accounts, smart trends, shark fins, dual investments, and lately, I stumbled upon a wealth management product on Bitget that caught my attention. Although it requires a minimum subscription of 50k USDT, it boasts an impressive APR of up to 15%. While it may seem tailored for the bourgeoisie, I believe it's worth considering. After all, with such attractive monthly returns, it could keep someone financially afloat while preserving their principal.
I imagine similar products may be available on other exchanges or perhaps variations of them. It would be greatly appreciated if those who have explored these options could provide some insights. Such knowledge could help shape our journey as we kickstart another exhilarating year in the world of investments.
Happy New Year, everyone! Let's make it a year filled with profitable decisions and exciting opportunities.
It's indeed true that last year was a crucial moment for us to stick with Bear market to accumulate and hopefully, this could be the beginning of the new bull Era. The market tends to pull back where it was in the previous bull however if there's no setback sooner or later this year we could see a new price hike for BTC and alts too.
Last year saw many exchanges introduced trading bots, and a lot of users benefited running it. Trading bots, dual investment, savings and few other innovative earning product have also been adopted by top exchanges last year.
I think the highlight of last year would be the launch of several earning innovative features which seems to be a welcome development.
Looking for means to earn passively should be prioritized as we navigate towards the bull run. Though the wealth management product's APR you mentioned is impressive, the startup fee isn't suitable for a retail trader like myself. Are there any other similar options available with lower entry fees?
The APR is good but 50,000 USDT is definitely not for small investors, while am familiar with terms and conditions of some products like sharkfin, am curious to know the downside of this wealth management product. Does flunctuations in price of crypto assets affect the APR or is the APR a guaranteed return?
The downside of any APR product will depend on its operation mode. I have not seen the shark fin in so many places, Bitget has it though, so you can learn more from there, since it's not too elaborate, I guess the cons will be carefully chosen to reduce volatility effect, whichever way it works, don't go above your risk tolerance.
The much anticipated 2024 is here, the trending #bullrun2024 in the previous year kept traders drooling over what this year will bring. One thing for sure is the industry is never bereft of opportunities like you mentioned, and if we finally see the bulls return this year, long may it last! Cheers🥂