Don't Get Blinded by High Interest Liquidity Pools

About two months ago I started providing liquidity to two pools on Pancakeswap, the first had an average yield of 200%, and the second around 80-120%. I was still relatively new, and thought that this was easy money, since I believed if I just left the funds there for a few months/years I would have easy profits.

I failed to realise several key things, the main issue being that I was buying a shitcoin and relying on that coin not massively dropping in price. So with all the volatility the $1k-ish I stupidly invested is now sitting at a much smaller amount. This leads to the second issue: as my shitcoin devalued so did my overall invested amount, so I got less and less CAKE. Meaning that even in years I might not make the full value back.

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I removed the lesser amount I invested in the second pool, but I'm still in the main pool and hoping for things to recover. Don't do what I did, only provide liquidity to coins you want to hodl, not just shitcoins for "easy money". I was a newbie and naïve, so please don't be too mean, I just wanted to not be poor.

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TL;DR: When providing liquidity on sites like Pancakeswap make sure you realise all the risks: you'll likely be buying a shitcoin that won't survive the bear market, so you'll lose everything.