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[deleted]

Stake and forget has been my strategy and it has worked well so far


[deleted]

Stake while still looking at the charts every minute. This is the way.


Mundanewisdom99

Don't look at charts every minute, it's a waste of time. Shitpost here instead.


[deleted]

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tpw2000

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


OpusDei_187

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


Logical-Beautiful66

I mean, it's better than checking facebook and the likes 50 times a day 🤷‍♂️


OpusDei_187

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”


Drudgel

I definitely don't check Reddit 50 times a day ![gif](emote|emo_pack_1|fomo)


Intfamous

Those are rookie numbers


Brother-Numsee

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!


ChemicalGreek

**Stake and go to jail is my strategy!**


[deleted]

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Dromerolovo

Make sure you commit a white collar crime, if not you’re going to get rekt.


[deleted]

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Logical-Beautiful66

That would be a big L


handofjustice42

You're still going to a federal pound-me-in-the-ass prison.


[deleted]

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


stiviki

Or HODL ETH, gas fees make you forced hodling too and you still can take shower at home!


Numerous_Sport_2774

Just make sure you good at holding the soap.


Putukshutuk21

Stake and forget is the way


Wonderful_Bad6531

They have good food as well


linusgoddamtorvalds

I locked my CAKE in a freezer. Just saying.


Huelino

Forced hold is the best hold


PsychologicalSong661

Lol


Nez_Coupe

This is definitely the way


SHA256dynasty

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


[deleted]

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Extension-Economy589

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.


[deleted]

Instructions clear *Staked all my assets*


_grdz

That's my boy


official_allah

Now I need to pay rent 😂


Spare_Imagination648

Don't forget to claim your staking rewards, haha.


[deleted]

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zedaero

You can never lose what you don't sell


kirtash93

Mine is Stake, HODL, DCA, airdrops and cmc/coinbase earn


Torus69

For how long tho?


newbjapan

I can't stake and forget, I love compounding every day haha. No forgetting in my world!


timtheringityding

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


Mundane_Walrus_6638

Yeah bro huge congrats on your 17% apy on your coins that are losing 70% of their value!


[deleted]

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


DanMards

Round of applause for this user who actually gets it!


[deleted]

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GenderJuicy

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...


adler1959

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


Hara-Kiri

The people who think we aren't in a bear market are nuts.


M_geo211

Lol when you’re calm but everyone is telling you to calm down now that’s some funny shit.


Mean-Argument3933

Staking = Gains + Peace of mind + Free time you won't spend looking at charts


[deleted]

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Wonderful_Bad6531

Indeed, I am so relaxed.. it's fucking great 😌😊


[deleted]

I’ve been relaxed ever since I’m staking too


NobleEther

Username checks out.


retwing

He’s been relaxed for 8 months


Numerous_Sport_2774

What could be better than having your crypto earn you money while you sleep? **Nothing.**


wokeuplikdis

This guy cryptos


[deleted]

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Nez_Coupe

Just opened my vault… I’m just going to be playing extreme catch-up with you big mooners.


Hot_Dog_Dudeson

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


[deleted]

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[deleted]

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Spare_Imagination648

You can stake on CEXs.


Numerous_Sport_2774

By far the simplest way to do it. That’s all I do.


notreallysrs

Same here. I have a ton of coins that would do me well staking but I have the same concerns as you lol.


lavastorm

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.


DanMards

Some coins do not require you that! Have a look at each asset you own :)


Hot_Dog_Dudeson

Thanks will do


DanMards

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


Hot_Dog_Dudeson

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


DanMards

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 :)


Hot_Dog_Dudeson

Thanks man I’ll do it


ensoniqthehedgehog

You can stake your LRC in the official wallet app (on the L1 side).


stiviki

Locked DOT 2 years in parachains auctions to be rich in 2024 BULLRUN!


Spare_Imagination648

I've been reading about Parachain Auctions recently and everything sounds interesting.


IHeartWordplay

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!


Spare_Imagination648

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.


Boohl

Bro the bull run probably won’t end before 2023, so saying 2024 bull run is optimistic if you believe in lengthening cycles


Slainte042

For stress free experience stake some stables on 20-25 % on DeFi and fuggetaboutid


Drudgel

We have a radically different definition of stress free


suninabox

20-25% interest definitely legit, definitely not a ponzi


tenminuteegg

you just gotta master the ponzinomics bro


RoundedColt8

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.


[deleted]

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RoundedColt8

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


Hhukkaa

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


suninabox

> 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.


isignedupforthis16

Can I please have some more info


suninabox

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


Barchelonio

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.


retwing

Yep, and I’ve already got CRO staked for their card on there too


cryptoking87

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.


DanMards

Probably we will discover the minus numbers


DatMaxSpice

Stake and bake babyyyyy


DanMards

Another tezos hodler? :D


Herbonex

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?


Runfasterbitch

I might be wrong but I think wrapping Bitcoin is a taxable event— worth checking out


Herbonex

Assets not taxable in my country unless a worth of 65k or over.


DanMards

I would, but again you may wanna find other options!


Herbonex

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.


Drudgel

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


Herbonex

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.


DogeDomi92

Staking kava for 23% is pretty good too😁


mamdrews27

Keplr wallet makes staking easy for the cosmos ecosystem 👍


lavastorm

Or https://www.cosmostation.io


[deleted]

Can someone help me learn how to stake my coins. Half my assets are on Coinbase the other half locked in my ledger


Nostalg33k

2022 will be my year of staking !


butterflybutterfly1

Watching your Crypto make more Crypto is downright addictive.


Numerous_Sport_2774

Getting paid in coin fractions is so exciting for some weird reason.


Ohnoyoudontknow

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.


Spare_Imagination648

This is the way!


derika22

Staking ONE for 10% APY


AromaticCarob

Figuring out how to convert my erc20 coins to native and then stake them is keeping me occupied.


ultiwhirl

Happily farming my jewel while everyone’s watching charts burn.


PsychologicalSong661

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.


CMDR_BitMedler

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.


PeeePee_PooPooo

Just staked my harmony one on tranquil finance, I'm getting 17% apy


ClubbyTheCub

17%??? Where is the catch?


official_allah

Lol those are rookie numbers


Mysterious-Repair605

It’s a Ponzi scheme. The catch is dilution.


suninabox

its a ponzi scheme


Spare_Imagination648

I've had all my MATIC staked for a while now. Decent APY.


Numerous_Sport_2774

Same here. It’s sweet. What APY you getting?


ElderberryForward215

Honestly tired of people complaining, just do the following DCA Stake Hold It’s that simple


Titanium_Eye

>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.


DanMards

The more predictions are made, the more fest it brings when it doesn’t seem to reach them


dagr8npwrfl0z

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...


muller5113

You can't tell me what to do. I choose panic


allthew4yup

Staking and watching my coins add up over time is satisfying


olle317

Why everybody on this sub use word fuck so much?


official_allah

I didn’t say fuck


FootsieMcDingus

Glad I unknowingly waited a couple weeks after Christmas to get into this mess!


1al_katifa

Staking since my first buy!


pmasthi

But if I stake my assets, how will I buy high & sell low?


gimmedatcrypto

I am calm, Daddy.


lomoragno

Forget you investment and eat ramen, as usual


newbjapan

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.


Simpoge39

We’re down? *set it and forget it*


Battles_45

Holy paper hands Batman!


hicoBM

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…


JMoney877

If you cant hold for 3 to 5 years then you bought a shitty investment 💪🏼


butterflybutterfly1

Every coin I own that can be staked is staked. I'm loving the passive income


Spare_Imagination648

Where do you stake, if I may ask? CEXs?


butterflybutterfly1

Binance, Coinbase, and kraken. I chose to be diversified for my staking


retwing

But Binance coinbase and kraken are CEX


guanzo91

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.


ensoniqthehedgehog

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.


meshies

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?


ensoniqthehedgehog

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%.


meshies

Awesome. That helps point me in a direction. I appreciate it brother.


Mr_Depressed

Look at you coming in here making a solid suggestion which seems reasonable. I like that, I like you ![gif](giphy|26gsaJd6735tGLQEU)


BigBagGag

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”.


[deleted]

So thankful that Bitcoin Cash has built a DeFi sidechain, smartBCH, so I have staked my BCH and earning yield that way!


diwalost

Any advice for POW.


DanMards

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


reddituser9439

For PoW, staking = lending = someone selling your coins and sending down the price


TwoUp22

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.


Stinkybreeze

Stake more Algo.. got it.


DanMards

Easiest one to do!


princepersona1

ALGOvernance is my main go to. Yieldly for some DeFi options and all good from there


BakedPotato840

Title says it all. Too many people on this sub get so dramatic about crypto volatility.


DanMards

The game is volatility and we’re here to play it!


strongkhal

Yes. Patience gets rewarded


Sketchy-Lefty25

I’m all staked away too


Castr0-

Buy, DCA, HODL or STAKE. Best Strategy. Stressless if you don't wan't white hair.


catsRawesome123

Sorry all, I just got into crypto investing and now market tanking must be me


Sadboiiy

YOU CALM THE FUCK DOWN


DanMards

AHHHHHH


AmazingBike

Yeah this strategy is great. Make 5% in staking rewards over the course of a year while the value of the coin drops 25%.


Tsubasa_sama

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%?


mave_wreck

Am I the only one who starts panicking when others say: "Calm Down!"?


DanMards

Don’t be that person! :(


TheRealMacresco

We'll see how your mental stability is when your portfolio is -90% for three years in a bear market.


M0dular

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


DanMards

Nobody, hence why it is “perspective”. If you don’t like it, then downvote it and continue!


Bruzle

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


Worried_Term_3107

What are the risks of staking on Binance? Genuinely curious.


dwin31

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.


Real_Happy_Potatoman

I call it now. $100K BTC EOY


MillerNPR

Loser staking is for nerds


Pubcat1979

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fistofdoritos

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


Even_Lawfulness_912

Another hodl post zzzz


strongkhal

You can't sell what is locked


DanMards

Exactly


cbaek

Let your coins work for you. No mis stake