I am just writing an article to myself today. I guess this is therapy. I am trying to convince myself. Last week, I wrote about different protocols that will help you get passive income. But, do you know what? There are plenty of other protocols out there as well that will generate passive income for you.
What is the problem? Let us say that I invest in one of them. Then I generate profit. But, what do I do with the profit? I am so afraid that I will miss out on an opportunity, that instead of taking actual profit, I just spread my money in all directions. In the end, I might find gold and get really rich, but the problem is... I will always have a fear of missing out, and thus future profit from other projects will always head into new projects, and thus, you will not really have any profit should it all fall apart, or if you have only invested in junk projects.
In other words, it is wise to spread your money in all directions... but don't forget to keep some in stable coins and then potentially also withdraw them to your actual bank account from time to time. Keep on investing, because this will for sure help you in the future, but take profit in the present... and once again, you don't have to discover and invest in every single gem out there... it is enough to invest in 2-3 gems, and they will be enough to make you rich one day.
If you have some stables, I suggest you take a look at this recent article about Platypus Finance, an article that gives quite awesome rates for your stable coin deposits (staking), at least if you hold some PTP tokens at the same time!