Three weeks ago, I started separately trying Earn, bStocks, and TradFi on Binance. No big planโjust wanted to understand what it all is.
Now that Iโve played around with all three, things became a bit clearer about what each of them is for.
Earn is for money thatโs just sitting there.
Iโm not expecting any cosmic interest rates. If the money isnโt needed yet, let it at least earn something.
The risk and return here are appropriately matched.
bStocks for me is a completely different story.
Here, Iโm basically betting on a specific company. Tesla, Apple, etc.
No leverage or liquidation, but the price still moves along with the stock. So I only put in the amount Iโm willing to hold.
TradFiโhere you need to be much more careful.
Futures + leverageโand even a small price move can seriously hit your deposit.
So this is definitely not the option where Iโd just dump money simply because I saw a chance to make some profit.
And after these three weeks, I stopped thinking in the style of โwhich one is better?โ
Because theyโre really about different things.
Some money can be just a reserve, others are a bet on a company, and the third is money for speculation.
Earlier, I could see a good percentage and think: โOh, I can put money into this.โ
And only afterward figure out what exactly I bought and what the risk is here ๐
#TradFi #earn