In the 7th century after Christ, the newly born Catholic Church, observing a condition analogous to slavery, for financial debtors, places the sin of usury as capital. That is, whoever did not practice fair interest on the money taken, whoever did not allow the debt to decrease in the course of payment would, in his death, go to hell! No acquittal or act of constriction. (Of course, from the 11th century onwards, to finance the beautiful buildings of the Vatican, now beautiful, she also risked going to hell)
In spite of the eternal damnation, it was the first regulatory system to impose limits. Because most fans were stuck with eternal debt and it was eating away at the economy.
In the traditional financial market, where are the bases of all current movements, of all the tools used, including in the digital and cryptocurrency market, a gain of 1 or 2% on the day, a loss of 2.3% on the day , would already be considered a lot.
Fees, when they exist, are in the order of 0.005% on transactions, or fees that do not require fees.
Turning our eyes to cryptocurrency brokers, exchange sites and other not-so-conventional modalities, we can see rates bordering on 1.3% for the simple fact of converting currencies - because in the conversion there is already a gain.
Here comes the story of the "gas" fee or the bnb fee....and similar. You are paying to exchange money, to move your cryptocurrencies between your own wallets.
Afterwards, there are still fees from the brokers themselves, and there goes another 1 to 2%.
Conclusion, if you manage to gain 5% on exiting position, you lose between 4 to 4.5%. That is, if it works for the system.
Worse, the "stacks" modes promise gains above, but when converting, they eat almost everything in Gas too!
Nor will I comment on DefI or tokens.
This cartoon above illustrates, demonstrates, exemplifies exactly what is happening in the cryptocurrency system!
For those who invest seriously: before accepting tokens, DefI and currencies that are not so mutually related, check, first, how to exchange these currencies and their numerous fees between leaving one point, converting, converting and staying in the other.
The logic, while not wrong, makes no sense when copied from the traditional financial market.
There, stocks generate dividends, futures markets passively generate dividends.
There, brokers, banks and funds fight for the customer and, therefore, maintain reasonable rates and at an acceptable level!
In the world of cryptocurrencies no, it seems like we are doing you a favor in keeping cryptocurrencies in either another wallet, or brokerage!
Dear investors, fees are necessary for the maintenance of any brokerage company, but fees are fees, usury is something else.
Before putting money in or even dealing with cryptocurrencies (if you don't see this, you will be a hostage, or a broker's slave!), make sure the brokers or exchange sites aren't risking eternal damage!
Because, if you don't check, who will be burning money will be you!
This is about why the chicken cross the road! Beware the car called brokers!
