Cryptocurrency |OT2| Money's New ERA Shoots for the Moon! | Read OP for Thread Rules
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Glad that Caz got banned. God knows I don't appreciate you all calling me a scam coin pumper (which to be frank was a shitty fucking accusation that has followed me around to other discords), but at least you deserve a thread in peace to talk about XRP & Vechain without outsiders coming in being nakedly hostile to the concept of the thread itself.
Yeah uh I haven't bought in yet but this seems like arguably one of the safer crypto investments? Besides being part of an exchange (which is literally crypto.com...can't really pick a better name than that lol) the marketing seems strong.
The Staples Center logo is switching over to Crypto.com literally tomorrow.
I bailed on it. My only realized loss in crypto to speak of. But I also only have invested play-money levels of cash. I'm not getting rich even if something blows up.
Ever since I first heard that news, that's when I jumped in. And I got in again when it dipped like 50% from its ATH. Very excited for this coin long term for those reasons you mentioned.
Plus the staking options are very nice on the DeFi Wallet.
Thanks! Not allowed to really talk about it here due to self-adverising rules, but we're having fun and looking forward to future developments.
Forgot to say thanks for the airdropped KTY. Good luck in your endeavor.
Regarding this coin, this is the first I've really got in on at a launch. How should I be tracking price, and how exactly would I sell if it's not on an exchange? I've used PancakeSwap in the past so guessing that's the current avenue to buy and sell?
You can put the coin's contract address in Dexscanner to track prices, and you can buy or sell on PancakeSwap right now. CMC/CG price listings are coming.
Just bought a bunch of ALGO yesterday. Really interested in this project.
Second period of "governance" aka staking is starting soon.
Second period of "governance" aka staking is starting soon.
Considering doing this, but I'm not trying to add headaches for taxes. They need to give a better solution for this. People can diss on holding funds on exchanges all they want, but at least tax reporting is not a nightmare and they still offer a great level of security.Just bought a bunch of ALGO yesterday. Really interested in this project.
Second period of "governance" aka staking is starting soon.
I've seen enough and I'm going to be removing a significant amount of funds from Celsius again. All the ETH and BTC on here will be gone and only leave some amount of MATIC.
My concern has always been that they are being way too risky with clients funds compared to the competition. Alex isn't really inspiring me with confidence and it makes me doubt his leadership abilities (i.e. badger dao issue, $1 billion loan from tether, not vetting executives, feeling himself too much - literally go look at his own website).
I really do hope Celsius continues to run a sound business for a long time, but I've burned in the past from shit "being too good to be true" (fortunately without me actually losing anything).
There's a reason that they are able to still offer NO withdrawal fees and relatively high rates and tiers compared to everyone else.
My concern has always been that they are being way too risky with clients funds compared to the competition. Alex isn't really inspiring me with confidence and it makes me doubt his leadership abilities (i.e. badger dao issue, $1 billion loan from tether, not vetting executives, feeling himself too much - literally go look at his own website).
I really do hope Celsius continues to run a sound business for a long time, but I've burned in the past from shit "being too good to be true" (fortunately without me actually losing anything).
There's a reason that they are able to still offer NO withdrawal fees and relatively high rates and tiers compared to everyone else.
I don'T trust Binance...
Coreum airdrop for $SOLO owners.
sologenic.medium.com
Coreum airdrop for $SOLO owners.
Coreum Airdrop (100M $CORE) for Sologenic community and SOLO holders
Learn more about how to create a TrustLine and & Participate in the Airdrop:
sologenic.medium.com
The game has changed.
Speaking of security, this is kind of related since this is covered, but someone sent me fantastic comparison of crypto interest earning platforms: https://prohashing.com/guides/earning-interest-on-crypto
Yewh
I love it. The Algorand experience is top notch.
Has anyone been using Yieldly? I haven't tried it yet. Wary of these rug pulls.
What would you say is the best interest-earning way to store my coins, if not Celsius?
It will depend on the Crypto.
Based on this guide: https://prohashing.com/guides/earning-interest-on-crypto
It looks like Ledn and Gemini from a risk perspective (unless your wealthy enough to use Genesis)? Ledn is good for BTC and USDC returns. Based on current rates, Blockfi may be OK if you can trust them. They had one incredibly stupid mistake regarding a promotion where they accidentally sent out a shitload of BTC to certain users. It was something so preventable that it made be question whether I should take them seriously with my money. ssuming that they've improved on their internal processes, they are fine based on everything else we know, but Ledn seems to be better.
ETH wise, Gemini is only paying 1.76% which is very low compared to Celsius, so that would be personal decision on where you want to leave it. I'm much more risk adverse when it comes to keeping BTC/ETH on a platform since they are still the main safe haven crypto so I'd want to keep it under the safest platform from a security and business risk perspective. Celsius is actually really good with security and I love all their features... but I think their business model is much riskier which is why they're beating the competition in almost all aspects. The best case is that if something goes wrong and they simply lower rates substantially rather than lock you from accessing funds.
This web site also has some interesting thoughts on where people should hold their crypto and they believe that most people are better off holding them in an secure, interest bearing account rather than self-managing their cold wallet mainly due to the fact that those managing these funds have much more experience and understanding of how to keep them safe and because they their own insurance.
I'm personally doing both (I'm keeping some in interest bearing accounts and some in cold storage).
EDIT: Maybe hold off on Ledn and just use Blockfi / Gemini for the time being?
Reddit - Dive into anything
www.reddit.com
Reddit - Dive into anything
www.reddit.com
I just created an account yesterday did KYC verification (took less than 10 mins), but I'm not able to generate a USDC address yet to desposit - I keep on getting the error "Unable to generate USDC address due to high demand."
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Just a heads up, if anyone here still has Safemoon V1 then you will need to migrate it to V2 as V1 is shutting down.
Do not buy or sell V1 you will receive 0 SafemoonV1.
Do not buy or sell V1 you will receive 0 SafemoonV1.
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Whilst I only have play money in there and can stand it disappearing, it's sad to see how my TrustWallet balance has/is dwindling away to nothing - just constant bleeding.
Tax harvesting time!
www.reddit.com
r/CryptoCurrency - Tax loss harvesting. One method to legally reduce your taxes (in US)
1,105 votes and 227 comments so far on Reddit
www.reddit.com
Kraken to Allow a New Way to Earn Crypto Rewards With Staked Acquisition
Kraken is thrilled to announce that we have acquired Staked, an infrastructure platform that allows for secure, cost-effective, and non-custodial crypto staking. One of the largest deals in the history of crypto, this acquisition perfectly complements our existing custodial staking offering...
blog.kraken.com
Great News!
I will be very very happy if they implement MATIC staking on their platform. If this is done - I'm moving the remainder of MATIC off Celsius.
Kraken to Allow a New Way to Earn Crypto Rewards With Staked Acquisition
Kraken is thrilled to announce that we have acquired Staked, an infrastructure platform that allows for secure, cost-effective, and non-custodial crypto staking. One of the largest deals in the history of crypto, this acquisition perfectly complements our existing custodial staking offering...
Great News!
I will be very very happy if they implement MATIC staking on their platform. If this is done - I'm moving the remainder of MATIC off Celsius.
NON custodial staking? Thats.. Hmm?
Im trying to imagine where this would benefit the people holding crypto? If non-custodial staking is available for a chain, then why wouldnt the users stake without using Kraken? Wouldnt this only be of use for situations where certain projects have high staking requirements that the person cannot meet; or if they somehow allow interest generation for crypto assets that don't actually have any staking mechanisms like BTC? (I thought this was only possible if they were lending the coin or something though)
I am sure Im missing something but cannot figure it out. If its non custodial meaning the staker has their own HW or SW wallet, what benefit does adding Kraken into the process bring?
Edit: Oh and hey your post about Celsius was great btw. Super informative.
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Tax harvesting time!
r/CryptoCurrency - Tax loss harvesting. One method to legally reduce your taxes (in US)
1,105 votes and 227 comments so far on Reddit
This seems to be based on a premise that most or all cryptocurrencies are not securities which I think no one really wants to admit or agree to easily that they probably actually are or should be
I've just been mining (need to keep the house warm in the fall/winter) with what GPUs I already have at non-peak hours so I don't impact the grid as much. Since nicehash is removing the ability to withdraw to coinbase for free, is nicehash stable/reliable enough to keep my coins within like coinbase/binance? I already have a wallet for my bitcoin stuff but was just thinking of doing the exchange to one of the other coins directly on nicehash and just leaving it there. I've been converting the $10/day bitcoin I generate to XRP.
How many people here are staking their ETH? Thoughts so far?
I have a decent amount but not sure I want to tie up over 32 ETH for an unspecified amount of time.
I have a decent amount but not sure I want to tie up over 32 ETH for an unspecified amount of time.
Traditional is going to win. Metaverse is going to crash the most at a dump.
I staked all my ETH since May. I believe you can use services like Lido to stake ETH and still retain liquidity (ability to trade it) https://lido.fi/
However, be aware that converting ETH to stETH using Lido is likely a taxable event in most places. I just staked the regular way, which is not a taxable event but completely locks up the funds. I am fine with it since I wasn't planning on selling more ETH in the next 3 years anyway.
Well, mostly all the exchanges that allow you to onramp fiat all have to comply with the ID stuff to not run afoul of legal problems in the U.S. So there are exchanges that dont have those requirements that aren't based in the U.S. but it would be a situation where you would have trouble getting your fiat money in. I don't know of any fiat onramps without KYC/Identification requirements.
Think about it this way. Any exchange not complying with KYC law is likely much more dangerous than those who follow regulations.
You should be more comfortable giving your ID to a regulated exchange than giving your money to an illegal one that is probably based offshore and could run away with your money anytime.