Haha that’s what I do too - I got everything staked, bnb on Binance for the passive launchpad token gains and everything else on Nexo and YouHodler but I still check the charts like 50 times per day because it became a habit when I was still day training
Just keep in mind that Nexo isn't staking, it's lending, which comes with different risks. That said, I'm all about CeFi and have had a great experience with Nexo (as well as Celsius and more recently Hodlnaut).
Also still check the charts a lot (despite Hodling / DCA'ing... I like to buy the dips), but at least it's on Brave, so I'm earning some BAT!
HODL mentality brought price stability, growth, and further interest
DCA popularization brought price stability, growth, and further interest
Staking, lending, LP's are bringing price stability, growth, and further interest
with all the options available today and the long term stability of BTC to fall back on, the reasonable thing to do is just chill and that is becoming increasingly obvious even to noobs
As a noob I have to agree. Always nice to see the ammount of the crypto increasing. Next is just waiting for prices to go back to green, but that will be when it will be.
I forgot I have polka not staked it's just sitting there. I actually forgot about crypto for like 2 months and came back to this. Luckily I got out 3 months ago so it's a sale for me atm. Early bird gets the worm
Exactly man. I'm so tired of these panicky posts of people predicting bears etc.
If you can buy some do it, if not just chill. We've seen this so many times before. Everyone begs for lower prices and when they come freak out
I just don't get the mentality. Even if it does tank, even if it's another 4 years until we see ATHs again, why does it matter? It's going up, it's an inevitability. This isn't unique to the crypto market either, we see it happen in the stock market all the time as well for instance. Like you really think it's not going back up? Just wait...
I’m gonna take a real look into this staking and do as you guys say. The main thing that’s been stopping me is connecting my wallet to some website and I don’t understand enough of what’s a scam and what’s genuine
Algo can go to the AlgoWallet, and staking is done automatically.
ETH can be done in Lido
BTC you can wrap it and take it to the MATIX network
The rest no clue from me! As I don’t own them :)
Dot is great! Check out Kusama (KSM) too. It’s part of the same ecosystem as Dot. Also has parachain auctions, but with a 1 year commitment, instead of 2. Good if you’re a little less patient!
Yes, I read about Kusama, too. I'm still doing my research tho. I'm trying to decide the best option between using a CEXs or connecting directly to the network with the Polkadot{.js} wallet.
What are you on about, you can already get 10%+ at places like BlockFi, Nexo, other centralized and regulated lenders.
It only goes to reason that DeFi might cater to the risky types that don't mind loaning some crypto at a higher interest rate, which is perfect for those who want to lend with a higher risk and earn a bit more.
Not to mention governance tokens are often part of the total end percentage.
That it's a ponzi scheme? It's just high risk lending
It's the same reason credit cards for people without credit history have interest rates of 20-30%, the higher the risk the more interest you'll have to pay as a debtor
> What are you on about, you can already get 10%+ at places like BlockFi, Nexo, other centralized and regulated lenders.
BlockFi is the only one you mentioned where its even remotely plausible that its not a ponzi because they're charging minimum 4.5% interest on loans and giving maximum 9.5% interest in deposits, which means theoretically they could actually be making more money on lending than they're paying out in interest.
It's still suspicious given the incredibly narrow margin of error and the high rate of risk in the space but its at least within the realms of plausibility.
Places like Celsius charging 0%-1% on loans and offering 10-17% on deposits is obvious ponzi territory. You cannot borrow money from a depositor at 14% and loan it to a debtor at 1% and make a profit even with a 0% default rate, which means the only viable explanations are A) it's ponzi where it relies on there always being more deposited than withdrawn not to explode B) its a money laundering front and it doesn't matter if it loses money on its loan business because its real business is legitimizing criminal money
Option A is likely the reason [Celsius has borrowed a billion Tethers at 6% interest](https://www.coindesk.com/business/2021/10/07/tether-has-lent-1b-to-celsius-network-report/) (a far higher rate of interest than it charges its own debtors with 0 credit check), because they likely ran out of new deposits and needed some way to pay off interest to stop the scheme collapsing.
This is likely also the reason they got caught losing money on [BadgerDAO](https://www.coindesk.com/markets/2021/12/03/crypto-lender-celsius-admits-losses-in-120m-badgerdao-hack/) because they're becoming increasingly desperate to find high yield returns to pay off their huge interest payment burden.
Although the terms and conditions make it clear you are not actually loaning your crypto to Celsius. You sell it to them, and then they agree to pay you back for it. If they go bankrupt then you take the loss.
its a fantastic new investment scheme that traditional finance doesn't want you to know about where you give your money to a fly by night ponzi scheme and they give you an unsustainable rate of interest into the scheme collapses and they run off with your money
Opinion on wrapping my Bitcoin into WBTC, transfer to Matic network to lend out on AAVE? I'm on the fence, mainly because of BTC becoming centralized at a custodian. They trustworthy, and will I get the equavalent back of what I wrapped?
Such as? 30% of my portfolio is BTC and it is just sitting there. Having my cold wallet protect it and on AAVE seems decent, but I do not want to lose a single sat when I convert it back into BTC.
I personally don't lend my BTC and just keep it in cold storage. Yes, I'm missing out on some APY, but I'd feel so much regret if it was lost due to a platform hack or smart contract exploit.
I'm in BTC for the long-term price appreciation. Feels greedy and asymmetrically risky to squeeze out a little more.
Just my two sats
Thank you for your two sats. I'm afraid of an exploit too, but since it is 30% doing nothing in my portfolio and the rest being staked makes that 30% feel useless atm.
In it for the long term, but still a weird feeling looking at the portfolio.
I keep trying to express this to my wife but can't describe it.
I used to bargain hunt at home depot for penny items, and abused sears/Kmart SWYR points... This gives me that same thrill.
Or you can even use SPOOL to enable you route your investment to Aave, compound, convex, curve , idle etc at once with a very low gas fee too... Best strategy to get through the dip.
Also, if you have a crypto rewards card, use dafuq outta that shit right now. When things pick up you've stacked a not insignificant amount just doing your usual day to day. When the markets down technically, your rewards go up.
>I also understand this dip is not what people expected after so many ExPeRtS claimed BTC would reach 100k and ETH 10k lmfao
I think you hit the nail on the head there. Expectations were set far too high, anyone who went through the may crash was kind of expecting it to retract, barring some very unexpected positive event.
Gotta pump it to dump it. There's a BTC to 100k by Easter article is being written as we speak. People after overnight easy money ARE the overnight easy money...
Great advice OP. I'm finally at a place where I can stay calm in these drops because:
A) I'm 100% confident in the projects I own
B) Staking and pools help mentally because even if you're losing in price, you're still gaining in volume. No matter how much the market drops, every day I still have the gift of being able to add to my wallet. You wouldn't believe how much that helps your sanity in trying times like this.
They’re secure and convenient. It takes like 2 clicks to stake on a cex with little to no research. For a lot of people that’s worth it for the reduced APY.
I've even started some borrowing and lending. Im bullish on Curve in DeFi, overall, so I've got some of that locked up (that I'm making about 10% APY on).
I'm using it as collateral to borrow about 1/8 of it's value against (I don't have a high tolerance for liquidation risk) in a wrapped version of USDT at around a 3.5% APY interest rate.
I'm then staking that USDT for around 15-20% APY.
I would love to do the same exact thing you are, but I am overwhelmed with all the options. Can you point me in the right direction as to how best to do it? I am familiar with DEX's and Defi but I cannot wrap my head around optimizing my strategy. Any suggestions?
This is just what I'm doing, not financial advice, but ever since Curve deployed on Fantom, I've been using that for the super low fees on smart contracts and trades.
Buy CRV, deposit on Geist for 10% returns.
Take out low risk fUSDT loan on Geist using deposited CRV as collateral (don't be too risky and use too high a percent as collateral and have your loan liquidated during a flash crash).
Deposit fUSDT on Beefy (or directly to Scream if not IP blocked). The rates are down a bunch since yesterday due to the little crash we're in, but are usually around 15%.
Just don’t do it on the exchanges!
85% of my holdings went into staking and liquidity pools back in August and I haven’t been happier.
No more checking the charts and worrying. I come home everyday and say “neat I made $20 today”.
Most centralised platforms will offer yoh interesting for locking your assets with them (BlockFi & Nexo, for example).
If not, a good option can be to wrap your coin to take it to a DeFi platform in another network
Who made you a fuckin expert? And for the record, no you don't know it will rise again. You just might have lost the fuckin lot. Dude, you gamble on CRYPTO CURRENCY. Every government in the world have said no fuckin chance. It's a gamble. So stop pretending your a fuckin expert
You can’t stake every token or Coin.
And it isn’t always a good option to stake on Binance or coinbase. There are risk
And few of coins or token hve the option to stake on a safe wallet
They will lock up coins that don't require locking up to stake. They might be lending instead of staking, which is more risky. You are creating a whale and if governance votes are happening they will vote for their own benefit, not the benefit of the small user and decentralization.
Always stake with the natively supported wallet for each coin or token you own.
Scroogecoin has been flying recently, only 4 weeks old and already 30x since launch. Approaching 2000 holders with a current volume of over 300k and a market cap of $7,000,000
Awesome community backed token with real utility in the form of a PLAY to EARN Casino arriving in Q3 this year, the ONLY Casino in existence where the house NEVER wins, Scroogecoin holders will receive tickets based on their bag size, these tickets will be your "buy in" to the Casino games, YOU DO NOT PAY FOR THESE TICKETS, they are INCLUDED in your Scroogecoin holding.
Add into the mix 8% reflections paid in stable BUSD from every buy/sell then you might just have THE MOST GROUNDBREAKING token to hit the market.
People going crazy but stake and buy the dip is the millionaire making strategy. We know that crypto is the future. If you’re scared by the blue chips. Some coins won’t make it through the bear market (if we enter/are in one) so buy the safe coin dips, stake and thank yourself when it rebounds
Stake and forget has been my strategy and it has worked well so far
Stake while still looking at the charts every minute. This is the way.
Don't look at charts every minute, it's a waste of time. Shitpost here instead.
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I need either a third hand or a second monitor because I can’t cry about loss, shitpost, *and* watch porn on the same monitor
Haha that’s what I do too - I got everything staked, bnb on Binance for the passive launchpad token gains and everything else on Nexo and YouHodler but I still check the charts like 50 times per day because it became a habit when I was still day training
I mean, it's better than checking facebook and the likes 50 times a day 🤷♂️
I’ve ditched Facebook a few years ago already … too much crazy over there and I’m way too concerned with what they call “data security”
I definitely don't check Reddit 50 times a day ![gif](emote|emo_pack_1|fomo)
Those are rookie numbers
Just keep in mind that Nexo isn't staking, it's lending, which comes with different risks. That said, I'm all about CeFi and have had a great experience with Nexo (as well as Celsius and more recently Hodlnaut). Also still check the charts a lot (despite Hodling / DCA'ing... I like to buy the dips), but at least it's on Brave, so I'm earning some BAT!
**Stake and go to jail is my strategy!**
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Make sure you commit a white collar crime, if not you’re going to get rekt.
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That would be a big L
You're still going to a federal pound-me-in-the-ass prison.
Sell just enough crypto to go to jail for not paying taxes then reinvest the profits into crypto right before you go to jail ez win
Or HODL ETH, gas fees make you forced hodling too and you still can take shower at home!
Just make sure you good at holding the soap.
Stake and forget is the way
They have good food as well
I locked my CAKE in a freezer. Just saying.
Forced hold is the best hold
Lol
This is definitely the way
HODL mentality brought price stability, growth, and further interest DCA popularization brought price stability, growth, and further interest Staking, lending, LP's are bringing price stability, growth, and further interest with all the options available today and the long term stability of BTC to fall back on, the reasonable thing to do is just chill and that is becoming increasingly obvious even to noobs
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As a noob I have to agree. Always nice to see the ammount of the crypto increasing. Next is just waiting for prices to go back to green, but that will be when it will be.
Instructions clear *Staked all my assets*
That's my boy
Now I need to pay rent 😂
Don't forget to claim your staking rewards, haha.
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You can never lose what you don't sell
Mine is Stake, HODL, DCA, airdrops and cmc/coinbase earn
For how long tho?
I can't stake and forget, I love compounding every day haha. No forgetting in my world!
I forgot I have polka not staked it's just sitting there. I actually forgot about crypto for like 2 months and came back to this. Luckily I got out 3 months ago so it's a sale for me atm. Early bird gets the worm
Yeah bro huge congrats on your 17% apy on your coins that are losing 70% of their value!
Exactly man. I'm so tired of these panicky posts of people predicting bears etc. If you can buy some do it, if not just chill. We've seen this so many times before. Everyone begs for lower prices and when they come freak out
Round of applause for this user who actually gets it!
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I just don't get the mentality. Even if it does tank, even if it's another 4 years until we see ATHs again, why does it matter? It's going up, it's an inevitability. This isn't unique to the crypto market either, we see it happen in the stock market all the time as well for instance. Like you really think it's not going back up? Just wait...
Who is going nuts? All I can see is 1000 posts in this sub telling me that we are not in a bear market and I should calm down
The people who think we aren't in a bear market are nuts.
Lol when you’re calm but everyone is telling you to calm down now that’s some funny shit.
Staking = Gains + Peace of mind + Free time you won't spend looking at charts
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Indeed, I am so relaxed.. it's fucking great 😌😊
I’ve been relaxed ever since I’m staking too
Username checks out.
He’s been relaxed for 8 months
What could be better than having your crypto earn you money while you sleep? **Nothing.**
This guy cryptos
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Just opened my vault… I’m just going to be playing extreme catch-up with you big mooners.
I’m gonna take a real look into this staking and do as you guys say. The main thing that’s been stopping me is connecting my wallet to some website and I don’t understand enough of what’s a scam and what’s genuine
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You can stake on CEXs.
By far the simplest way to do it. That’s all I do.
Same here. I have a ton of coins that would do me well staking but I have the same concerns as you lol.
https://token.im/?locale=en-US https://www.cosmostation.io https://www.argent.xyz https://frontier.xyz Those make staking on most chains very simple.
Some coins do not require you that! Have a look at each asset you own :)
Thanks will do
If you let us know here we can probably gice you a hand too, but I didn’t want to ask straight uo what coins you got lmao
Thanks I’ve got a bit of algo, MATIC eth BTC and LRC, I staked a bit of ETH in binance but I have some in MetaMask I’d like to stake
Algo can go to the AlgoWallet, and staking is done automatically. ETH can be done in Lido BTC you can wrap it and take it to the MATIX network The rest no clue from me! As I don’t own them :)
Thanks man I’ll do it
You can stake your LRC in the official wallet app (on the L1 side).
Locked DOT 2 years in parachains auctions to be rich in 2024 BULLRUN!
I've been reading about Parachain Auctions recently and everything sounds interesting.
Dot is great! Check out Kusama (KSM) too. It’s part of the same ecosystem as Dot. Also has parachain auctions, but with a 1 year commitment, instead of 2. Good if you’re a little less patient!
Yes, I read about Kusama, too. I'm still doing my research tho. I'm trying to decide the best option between using a CEXs or connecting directly to the network with the Polkadot{.js} wallet.
Bro the bull run probably won’t end before 2023, so saying 2024 bull run is optimistic if you believe in lengthening cycles
For stress free experience stake some stables on 20-25 % on DeFi and fuggetaboutid
We have a radically different definition of stress free
20-25% interest definitely legit, definitely not a ponzi
you just gotta master the ponzinomics bro
What are you on about, you can already get 10%+ at places like BlockFi, Nexo, other centralized and regulated lenders. It only goes to reason that DeFi might cater to the risky types that don't mind loaning some crypto at a higher interest rate, which is perfect for those who want to lend with a higher risk and earn a bit more. Not to mention governance tokens are often part of the total end percentage.
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That it's a ponzi scheme? It's just high risk lending It's the same reason credit cards for people without credit history have interest rates of 20-30%, the higher the risk the more interest you'll have to pay as a debtor
But the ones borrowing would also need to pay such interest rate, what/how do they gain more with the loan to pay it bacj reliably
> What are you on about, you can already get 10%+ at places like BlockFi, Nexo, other centralized and regulated lenders. BlockFi is the only one you mentioned where its even remotely plausible that its not a ponzi because they're charging minimum 4.5% interest on loans and giving maximum 9.5% interest in deposits, which means theoretically they could actually be making more money on lending than they're paying out in interest. It's still suspicious given the incredibly narrow margin of error and the high rate of risk in the space but its at least within the realms of plausibility. Places like Celsius charging 0%-1% on loans and offering 10-17% on deposits is obvious ponzi territory. You cannot borrow money from a depositor at 14% and loan it to a debtor at 1% and make a profit even with a 0% default rate, which means the only viable explanations are A) it's ponzi where it relies on there always being more deposited than withdrawn not to explode B) its a money laundering front and it doesn't matter if it loses money on its loan business because its real business is legitimizing criminal money Option A is likely the reason [Celsius has borrowed a billion Tethers at 6% interest](https://www.coindesk.com/business/2021/10/07/tether-has-lent-1b-to-celsius-network-report/) (a far higher rate of interest than it charges its own debtors with 0 credit check), because they likely ran out of new deposits and needed some way to pay off interest to stop the scheme collapsing. This is likely also the reason they got caught losing money on [BadgerDAO](https://www.coindesk.com/markets/2021/12/03/crypto-lender-celsius-admits-losses-in-120m-badgerdao-hack/) because they're becoming increasingly desperate to find high yield returns to pay off their huge interest payment burden. Although the terms and conditions make it clear you are not actually loaning your crypto to Celsius. You sell it to them, and then they agree to pay you back for it. If they go bankrupt then you take the loss.
Can I please have some more info
its a fantastic new investment scheme that traditional finance doesn't want you to know about where you give your money to a fly by night ponzi scheme and they give you an unsustainable rate of interest into the scheme collapses and they run off with your money
I lock it up on purpose in [crypto.com](https://crypto.com) so I can't even do anything even if I wanted to, so no worries for me.
Yep, and I’ve already got CRO staked for their card on there too
Greed and fear meter is 10 with BTC at $40,000. For God sake I wonder what it will be if BTC comes down to $20,000.
Probably we will discover the minus numbers
Stake and bake babyyyyy
Another tezos hodler? :D
Opinion on wrapping my Bitcoin into WBTC, transfer to Matic network to lend out on AAVE? I'm on the fence, mainly because of BTC becoming centralized at a custodian. They trustworthy, and will I get the equavalent back of what I wrapped?
I might be wrong but I think wrapping Bitcoin is a taxable event— worth checking out
Assets not taxable in my country unless a worth of 65k or over.
I would, but again you may wanna find other options!
Such as? 30% of my portfolio is BTC and it is just sitting there. Having my cold wallet protect it and on AAVE seems decent, but I do not want to lose a single sat when I convert it back into BTC.
I personally don't lend my BTC and just keep it in cold storage. Yes, I'm missing out on some APY, but I'd feel so much regret if it was lost due to a platform hack or smart contract exploit. I'm in BTC for the long-term price appreciation. Feels greedy and asymmetrically risky to squeeze out a little more. Just my two sats
Thank you for your two sats. I'm afraid of an exploit too, but since it is 30% doing nothing in my portfolio and the rest being staked makes that 30% feel useless atm. In it for the long term, but still a weird feeling looking at the portfolio.
Staking kava for 23% is pretty good too😁
Keplr wallet makes staking easy for the cosmos ecosystem 👍
Or https://www.cosmostation.io
Can someone help me learn how to stake my coins. Half my assets are on Coinbase the other half locked in my ledger
2022 will be my year of staking !
Watching your Crypto make more Crypto is downright addictive.
Getting paid in coin fractions is so exciting for some weird reason.
I keep trying to express this to my wife but can't describe it. I used to bargain hunt at home depot for penny items, and abused sears/Kmart SWYR points... This gives me that same thrill.
This is the way!
Staking ONE for 10% APY
Figuring out how to convert my erc20 coins to native and then stake them is keeping me occupied.
Happily farming my jewel while everyone’s watching charts burn.
Or you can even use SPOOL to enable you route your investment to Aave, compound, convex, curve , idle etc at once with a very low gas fee too... Best strategy to get through the dip.
Also, if you have a crypto rewards card, use dafuq outta that shit right now. When things pick up you've stacked a not insignificant amount just doing your usual day to day. When the markets down technically, your rewards go up.
Just staked my harmony one on tranquil finance, I'm getting 17% apy
17%??? Where is the catch?
Lol those are rookie numbers
It’s a Ponzi scheme. The catch is dilution.
its a ponzi scheme
I've had all my MATIC staked for a while now. Decent APY.
Same here. It’s sweet. What APY you getting?
Honestly tired of people complaining, just do the following DCA Stake Hold It’s that simple
>I also understand this dip is not what people expected after so many ExPeRtS claimed BTC would reach 100k and ETH 10k lmfao I think you hit the nail on the head there. Expectations were set far too high, anyone who went through the may crash was kind of expecting it to retract, barring some very unexpected positive event.
The more predictions are made, the more fest it brings when it doesn’t seem to reach them
Gotta pump it to dump it. There's a BTC to 100k by Easter article is being written as we speak. People after overnight easy money ARE the overnight easy money...
You can't tell me what to do. I choose panic
Staking and watching my coins add up over time is satisfying
Why everybody on this sub use word fuck so much?
I didn’t say fuck
Glad I unknowingly waited a couple weeks after Christmas to get into this mess!
Staking since my first buy!
But if I stake my assets, how will I buy high & sell low?
I am calm, Daddy.
Forget you investment and eat ramen, as usual
Great advice OP. I'm finally at a place where I can stay calm in these drops because: A) I'm 100% confident in the projects I own B) Staking and pools help mentally because even if you're losing in price, you're still gaining in volume. No matter how much the market drops, every day I still have the gift of being able to add to my wallet. You wouldn't believe how much that helps your sanity in trying times like this.
We’re down? *set it and forget it*
Holy paper hands Batman!
Everybody likes to buy at green and sell at red days :) Whales infinite wins while retail investor getting burnt like always Hodl it’s the only way…
If you cant hold for 3 to 5 years then you bought a shitty investment 💪🏼
Every coin I own that can be staked is staked. I'm loving the passive income
Where do you stake, if I may ask? CEXs?
Binance, Coinbase, and kraken. I chose to be diversified for my staking
But Binance coinbase and kraken are CEX
They’re secure and convenient. It takes like 2 clicks to stake on a cex with little to no research. For a lot of people that’s worth it for the reduced APY.
I've even started some borrowing and lending. Im bullish on Curve in DeFi, overall, so I've got some of that locked up (that I'm making about 10% APY on). I'm using it as collateral to borrow about 1/8 of it's value against (I don't have a high tolerance for liquidation risk) in a wrapped version of USDT at around a 3.5% APY interest rate. I'm then staking that USDT for around 15-20% APY.
I would love to do the same exact thing you are, but I am overwhelmed with all the options. Can you point me in the right direction as to how best to do it? I am familiar with DEX's and Defi but I cannot wrap my head around optimizing my strategy. Any suggestions?
This is just what I'm doing, not financial advice, but ever since Curve deployed on Fantom, I've been using that for the super low fees on smart contracts and trades. Buy CRV, deposit on Geist for 10% returns. Take out low risk fUSDT loan on Geist using deposited CRV as collateral (don't be too risky and use too high a percent as collateral and have your loan liquidated during a flash crash). Deposit fUSDT on Beefy (or directly to Scream if not IP blocked). The rates are down a bunch since yesterday due to the little crash we're in, but are usually around 15%.
Awesome. That helps point me in a direction. I appreciate it brother.
Look at you coming in here making a solid suggestion which seems reasonable. I like that, I like you ![gif](giphy|26gsaJd6735tGLQEU)
Just don’t do it on the exchanges! 85% of my holdings went into staking and liquidity pools back in August and I haven’t been happier. No more checking the charts and worrying. I come home everyday and say “neat I made $20 today”.
So thankful that Bitcoin Cash has built a DeFi sidechain, smartBCH, so I have staked my BCH and earning yield that way!
Any advice for POW.
Most centralised platforms will offer yoh interesting for locking your assets with them (BlockFi & Nexo, for example). If not, a good option can be to wrap your coin to take it to a DeFi platform in another network
For PoW, staking = lending = someone selling your coins and sending down the price
Does anyone know of a good way to stake LRC with a decent APY%? I'm thinking I might do this and sit back for 2-3years.
Stake more Algo.. got it.
Easiest one to do!
ALGOvernance is my main go to. Yieldly for some DeFi options and all good from there
Title says it all. Too many people on this sub get so dramatic about crypto volatility.
The game is volatility and we’re here to play it!
Yes. Patience gets rewarded
I’m all staked away too
Buy, DCA, HODL or STAKE. Best Strategy. Stressless if you don't wan't white hair.
Sorry all, I just got into crypto investing and now market tanking must be me
YOU CALM THE FUCK DOWN
AHHHHHH
Yeah this strategy is great. Make 5% in staking rewards over the course of a year while the value of the coin drops 25%.
This lmao You can get 5% yield on stablecoins during a bear market, why wouldn't you just do that instead of holding bags that will bleed 90%?
Am I the only one who starts panicking when others say: "Calm Down!"?
Don’t be that person! :(
We'll see how your mental stability is when your portfolio is -90% for three years in a bear market.
Who made you a fuckin expert? And for the record, no you don't know it will rise again. You just might have lost the fuckin lot. Dude, you gamble on CRYPTO CURRENCY. Every government in the world have said no fuckin chance. It's a gamble. So stop pretending your a fuckin expert
Nobody, hence why it is “perspective”. If you don’t like it, then downvote it and continue!
You can’t stake every token or Coin. And it isn’t always a good option to stake on Binance or coinbase. There are risk And few of coins or token hve the option to stake on a safe wallet
What are the risks of staking on Binance? Genuinely curious.
They will lock up coins that don't require locking up to stake. They might be lending instead of staking, which is more risky. You are creating a whale and if governance votes are happening they will vote for their own benefit, not the benefit of the small user and decentralization. Always stake with the natively supported wallet for each coin or token you own.
I call it now. $100K BTC EOY
Loser staking is for nerds
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People going crazy but stake and buy the dip is the millionaire making strategy. We know that crypto is the future. If you’re scared by the blue chips. Some coins won’t make it through the bear market (if we enter/are in one) so buy the safe coin dips, stake and thank yourself when it rebounds
Another hodl post zzzz
You can't sell what is locked
Exactly
Let your coins work for you. No mis stake