I would like to provide liquidity to Uniswap v3 protocol, but I am confused with choosing strategy for it.
As I know, two main differences from v2 is fee tiers and concentrated positions. For fee tiers it is quite clear to me, and also Uniswap suggest tier for each token pair, so I can go on with that for now. But I can't really understand what should my choice be based on concerning price range. What cons of having price range as in v2 - (0, ∞). For me it is sounds like my position will always generate fees, unlike in limited price range positions.
Why should I choose limited price range position instead of v2 like? And maybe some advice on picking those ranges, cause I have no idea from what should I derive them.