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Bitcoin-Explain to me how to buy these things (2 Viewers)

KGB said:
For pretty safe stuff.  have you looked at ETH2 on coinbase?4.5 APR to hold ETH basically.

Im just starting to get into it.  Please someone chime in if there is something better
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I was earning interest on Celsius for a while.  It was about $240/month I was collecting.  I withdrew though because they screwed me out of a $500 BTC promo code because I entered a new promo code- even though I met the conditions for both.  The way they stiffed me on that just seemed like total scam behavior.  After reading about their relationship with Tether and how you're basically making an unsecured loan to get interest back, I thought better of withdrawing.  And actually the KY state finance person or whatever sent a cease & desist to Celsius not long ago, so I couldn't earn rewards from them even if I wanted to.  Coinbase is probably somewhat more legit.  

It seems like too much risk to me, but you can get something like an 8-10% yield on stablecoins on apps like Celsius, Blockfi, Nexo, crypto.com etc.  I like PAXG because your crypto is tied to the price of gold, but you can still earn 4-5% APR. 

I still think Tether is a huge liability to the entire ecosystem, my understanding is there are pending federal investigations too.  But it's hard to tell if the SEC is ever going to actually do something.  A lot of people seem to think there's a big rally coming, maybe they are right.  

 
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Reactions: KGB
$ALU just became a nice 10X for me. 

ONE up 50% in just a few days.  I took some off the table and will rotate into another L1 that hasn't pumped lately...likely XTZ.  

 
One thing to note on Coinbase, watch out when you make your first purchase. The default is to make it a weekly repeat purchase. I took a chance on a small amount of Rari when it came out and then was looking at my email a week later and noticed a confirmation purchase for Rari again.  

 
urbanhack said:
One thing to note on Coinbase, watch out when you make your first purchase. The default is to make it a weekly repeat purchase. I took a chance on a small amount of Rari when it came out and then was looking at my email a week later and noticed a confirmation purchase for Rari again.  
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Wow. I bet that default screwed a lot of people. 

 
SHIB up about 470% in a month, 50% in the last week.  Currently 12th in market cap, although it would have to double from here to get to #10.  Rumors of a possible listing on Robinhood, would that push it into top 10?

And, just so I'm clear, there really isn't much utility here, right?  It's just a memecoin that has gained some momentum?

 
KGB said:
SO, besides the long term HEX stuff....  Were looking at....

ETH2 - $6100

ETH $76K

SHIB - $35k
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SO, besides the long term HEX stuff....  Were looking at....

ETH2 - $6300

ETH $27K

SHIB - $36k

Bounce-AUCTION - $23K

SHiatama - 29K

$122K

 
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SFBayDuck said:
SHIB up about 470% in a month, 50% in the last week.  Currently 12th in market cap, although it would have to double from here to get to #10.  Rumors of a possible listing on Robinhood, would that push it into top 10?

And, just so I'm clear, there really isn't much utility here, right?  It's just a memecoin that has gained some momentum?
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Robinhood only lists like 7 coins.  and most people probably only trade mostly the following....

BTC, ETH, DOGE, and may some LTC.

I personally think that if SHIB goes on robinhood it will fly.  one of the reasons im holding some.

 
KGB said:
SO, besides the long term HEX stuff....  Were looking at....

ETH2 - $6300

ETH $27K

SHIB - $36k

Bounce-AUCTION - $23K

SHiatama - 29K

$122K
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Moved most of my ETH to Shiatama.

ETH2 - $6300

ETH $2100

SHIB - $36k

Bounce-AUCTION - $23K

SHiatama - 55k

 
KGB said:
Robinhood only lists like 7 coins.  and most people probably only trade mostly the following....

BTC, ETH, DOGE, and may some LTC.

I personally think that if SHIB goes on robinhood it will fly.  one of the reasons im holding some.
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I read an article this weekend that said that, Robinhood was only listing 7 coins and SHIBA wasn't on the list. Have to see if I can dig it up.

 
I am just a dabbler but need to follow this thread more closely. I am in the following crypto 

ETH 2.5

BTC .18

ADA 2,000

XLM 500

DOGE 500

AMP 1,000

SHIB 10,000,000

I got in BTC when it was around $18,000 and ETH at around $1,600. I am up quite a bit in those but of course wish I bought more at the time.

 
beer 30 said:
I read an article this weekend that said that, Robinhood was only listing 7 coins and SHIBA wasn't on the list. Have to see if I can dig it up.
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that's right , not adding on RH as of right now. Not sure if that is 100% and if so may add it soon anyway? If they did I think it would take off.

 
I've been sitting on a pile of cash waiting for something to do with it.  Thinking of taking like $20k and dumping it into crypto to try to turn it into $100k in the next 12-18 months or something. 

What would you guys do?  Put $1k into each of 20 different cryptocurrencies with potential to 100x and hope at least one of them hits?  Or just dump all $20k into something with a (presumably more realistic) chance to 5x?  

I'm leaning towards the former as it sounds more fun.  Thoughts / suggestions?  Will document whatever happens here so you can live vicariously through me. 

For reference I already have longer-term positions in crypto (and maxed out retirement accts, etc.), this is mostly just fun money trying to make a big return in a relatively short period of time. 

 
Ignoratio Elenchi said:
I've been sitting on a pile of cash waiting for something to do with it.  Thinking of taking like $20k and dumping it into crypto to try to turn it into $100k in the next 12-18 months or something. 

What would you guys do?  Put $1k into each of 20 different cryptocurrencies with potential to 100x and hope at least one of them hits?  Or just dump all $20k into something with a (presumably more realistic) chance to 5x?  

I'm leaning towards the former as it sounds more fun.  Thoughts / suggestions?  Will document whatever happens here so you can live vicariously through me. 

For reference I already have longer-term positions in crypto (and maxed out retirement accts, etc.), this is mostly just fun money trying to make a big return in a relatively short period of time. 
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Since it sounds like gambling money and the risk/reward profile is asymmetrically bullish, I'd suggest 8 - $2,500 positions with a goal that a couple hit for a 20-50X.  @Chaos Commishand @KGB are good at finding degen coins with that kind of potential.  I think gaming and NFTs will be the driver of crypto mass adoption, so I've got some high fliers in that space:  $ALU, $CGG, $WILD, $ILV, $VRA, and $HERO are my faves although they've already done a 10X and are probably better classified as 10-20X coins.  

 
What's the risk in staking something like AXS that is paying out 100%+ APY on stakes.  Just that the coin is potentially volatile and will go down more than the APY over whatever period you're staking for?

 
FreeBaGeL said:
What's the risk in staking something like AXS that is paying out 100%+ APY on stakes.  Just that the coin is potentially volatile and will go down more than the APY over whatever period you're staking for?
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Yes although the apy is based on the current amount staked, so as the staking pool grows, the Apy will likely decrease.  By how much, I'm not sure.   

 
Captain Cranks said:
Yes although the apy is based on the current amount staked, so as the staking pool grows, the Apy will likely decrease.  By how much, I'm not sure.   
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Even if you're mid-stake?

It looks like it can change by a lot.  I just looked back to at old reddit threads from a month ago and apparently it was over 300% at the time.

 
FreeBaGeL said:
Even if you're mid-stake?

It looks like it can change by a lot.  I just looked back to at old reddit threads from a month ago and apparently it was over 300% at the time.
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Yep.  Usually there's a fixed amount of staking rewards allocated pro-rata to what's staked.  As the total amount staked increases, the yield gets lower.  When I first started staking ILV-ETH, the APY was over 700%.  It's now down to a tad under 400%.

 
KGB said:
Moved most of my ETH to Shiatama.

ETH2 - $6300

ETH $2100

SHIB - $36k

Bounce-AUCTION - $23K

SHiatama - 55k
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Out of bounce.  didnt really work.  pumping more money into the SHIB train 🚋

 
Capella said:
What’s causing this with shib? It’s just cheap so people figure what the hell?
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It’s like a meme stock but without a company. It’s got no real utility so it’s not even a tulip you can plant and you can’t get free popcorn. GME and AMC are down and Shiba and Trump are up, there’s no real surprise. I’m just interested to see when these memes settle back down to levels appropriate for their real worth. You know about CYDY and amazingly there’s still believers adding to their shares on pure hope.

I think there’s the early folks who decide what to pump that buy in right before they pop, the first wave of folks who are followers of the decision makers who go for a ride and sell out, the second wave of folks who hear a little late and try and jump in and make a buck which they sometimes do and the other second wave of folks who actually believe the shill that the early folks put out there. The believers are the ones try to pump it up, buy more shares and cry about the shorts and bears.

 
stbugs said:
It’s like a meme stock but without a company. It’s got no real utility so it’s not even a tulip you can plant and you can’t get free popcorn. GME and AMC are down and Shiba and Trump are up, there’s no real surprise. I’m just interested to see when these memes settle back down to levels appropriate for their real worth. You know about CYDY and amazingly there’s still believers adding to their shares on pure hope.

I think there’s the early folks who decide what to pump that buy in right before they pop, the first wave of folks who are followers of the decision makers who go for a ride and sell out, the second wave of folks who hear a little late and try and jump in and make a buck which they sometimes do and the other second wave of folks who actually believe the shill that the early folks put out there. The believers are the ones try to pump it up, buy more shares and cry about the shorts and bears.
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Hater  :P

SHIBA fittin' to eat a zero...GET OFF MY LAWN!!!!

 
and now coinbase...cant sell it right now if you wanted too.  

My desktop is showing "error"  and my phone is saying its not a supported asset right now.  

The exchanges are the dirty #######s of the crypto world.  

 
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