MultiversX Tracker is Live!

Advice: PancakeSwap

Binance

Cryptocoins Exchanges / Binance 550 Views

Hello

May I have some advice about the following:

I am a new (since 2019) crypto investor. I have about 10% of my portfolio in Pancakeswap and all of that is in the auto-compound pool.

I have another 10% in SOL and I have been very lucky to enjoy the recent pump up to around $200, now $150 however.

Let's assume that $200 is close to its maximum value in this market cycle and it will do no more than track in the 150-200 range.

Let's also assume that Pancakeswap will continue to track BNB and Eth over the rest of the cycle, in broad terms.

Let's also assume that the pool maintains an interest rate of around 75%.

What are the risks and unforeseen consequences of me moving the money currently in SOL into Pancakeswap and putting it in the pool until the end of the cycle.

My current plan is to sell, I am not HODL, and invest/use the profits outside of crypto over the next 6-12 months. I will then buy again at the start of the next cycle. I appreciate that many of you may say that it would be better to HODL but we have a target in mind, and are relatively close to it, which will improve our family life and would like to focus on that.

Thank you.

submitted by /u/OliveSame
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments