Admin Bebo Posted August 21, 2021 Admin Share Posted August 21, 2021 If you have Cardano (ADA), make sure you're staking it on an exchange like Binance or a non-custodial wallet to earn 5-7%+ APY. Link to comment
Parklife Posted August 21, 2021 Share Posted August 21, 2021 40 minutes ago, Bebo said: If you have Cardano (ADA), make sure you're staking it on an exchange like Binance or a non-custodial wallet to earn 5-7%+ APY. How does that work? Are my coins at risk from doing it? Link to comment
Admin Bebo Posted August 21, 2021 Admin Share Posted August 21, 2021 21 minutes ago, Parklife said: How does that work? Are my coins at risk from doing it? The whole point of ADA is proof of stake. You delegate your coins to make the network function, and gain more ADA as a reward for it. Eth is moving to this too. Over 70% of all the ADA in circulation is currently staked and earning interest. When you stake on an exchange, you lock them in a fixed term for 30, 60, 90 days etc for varying amount of interest rates, with increasing rates depending on how long you locked them for, earning you more ADA the longer its locked. Risk free as long as the exchange doesn't go bust, i guess. So the same amount of risk if you leave them on an exchange anyway. I stake ADA on Binance for 7.79% for 60 day locked periods. Although i do 7 or 15 days at 15%-20% when it's available. In a non-custodial wallet, it's risk free and you don't need to lock them in but a bit more complicated than doing so via an exchange. Link to comment
Parklife Posted August 21, 2021 Share Posted August 21, 2021 20 minutes ago, Bebo said: The whole point of ADA is proof of stake. You delegate your coins to make the network function, and gain more ADA as a reward for it. Eth is moving to this too. Over 70% of all the ADA in circulation is currently staked and earning interest. When you stake on an exchange, you lock them in a fixed term for 30, 60, 90 days etc for varying amount of interest rates, with increasing rates depending on how long you locked them for, earning you more ADA the longer its locked. Risk free as long as the exchange doesn't go bust, i guess. So the same amount of risk if you leave them on an exchange anyway. I stake ADA on Binance for 7.79% for 60 day locked periods. Although i do 7 or 15 days at 15%-20% when it's available. In a non-custodial wallet, it's risk free and you don't need to lock them in but a bit more complicated than doing so via an exchange. Thanks for the explanation. Much appreciated. I have my coins on binance at present anyway, so will do it. I've no intention of selling over the next 60 days anyway, so may as well get a few extra for it. Link to comment
Quagmire Posted August 21, 2021 Share Posted August 21, 2021 52 minutes ago, Bebo said: The whole point of ADA is proof of stake. You delegate your coins to make the network function, and gain more ADA as a reward for it. Eth is moving to this too. Over 70% of all the ADA in circulation is currently staked and earning interest. When you stake on an exchange, you lock them in a fixed term for 30, 60, 90 days etc for varying amount of interest rates, with increasing rates depending on how long you locked them for, earning you more ADA the longer its locked. Risk free as long as the exchange doesn't go bust, i guess. So the same amount of risk if you leave them on an exchange anyway. I stake ADA on Binance for 7.79% for 60 day locked periods. Although i do 7 or 15 days at 15%-20% when it's available. In a non-custodial wallet, it's risk free and you don't need to lock them in but a bit more complicated than doing so via an exchange. I think its 7.79 APY so doesn't work out as 7.79% over 60 days? I could be wrong though. 31 minutes ago, Parklife said: Thanks for the explanation. Much appreciated. I have my coins on binance at present anyway, so will do it. I've no intention of selling over the next 60 days anyway, so may as well get a few extra for it. I would think about setting up a stop loss around about the 12th September. Generally when a big event happens (like smart contracts going live) the market pumps then dumps around that time. If it does dump 30-40% and you set up a stop loss for around -10% of the price then you'll make more Cardano than you would by staking by buying back in lower than it dumps. Its risky but that's why you stick a stop loss in if it starts to fall too fast for you to react. It will recover either way so there's no risk staking and forgetting about it. Link to comment
Admin Bebo Posted August 21, 2021 Admin Share Posted August 21, 2021 25 minutes ago, Quagmire said: I think its 7.79 APY so doesn't work out as 7.79% over 60 days? I could be wrong though. I did mention that in my initial comment: 2 hours ago, Bebo said: If you have Cardano (ADA), make sure you're staking it on an exchange like Binance or a non-custodial wallet to earn 5-7%+ APY. Speaking of staking, i've found Algorand (ALGO) has one of the easiest and most seamless staking experiences. Stick it in the wallet and it automatically stakes rewards without faffing. Link to comment
Quagmire Posted October 18, 2021 Share Posted October 18, 2021 Sold a jpeg of a monkey with a grenade in its mouth for a hefty fee and regretting it terribly. Link to comment
Ke1t Posted November 11, 2021 Author Share Posted November 11, 2021 What's everyone doing with their The Cardanos (ADA)? Seems to be massively underperforming, not disastrous but way below what I demanded when I threw cash at it. Thinking about bailing this fucking popsicle stand and buying The Bitcoins or The Ethereums instead. But if I do it I know The Cardanos will blast off for the Moon. The cunt. What say the The Cardano hodlers? Link to comment
manboobs109 Posted November 11, 2021 Share Posted November 11, 2021 I'd just do the first thing man. Can't go wrong with that. Link to comment
Guest milne_afc Posted January 14, 2022 Share Posted January 14, 2022 You still got some Dogecoin @Parklife ? Link to comment
Parklife Posted January 14, 2022 Share Posted January 14, 2022 12 minutes ago, milne_afc said: You still got some Dogecoin @Parklife ? Nah. Sold it all and bought Cardano. I expect Elon is on some pump and dump scheme with that chat. Get the price up and then sell all he has. Link to comment
Guest milne_afc Posted January 14, 2022 Share Posted January 14, 2022 I’d love to watch him suffer a stroke Link to comment
Studebaker-90 Posted January 14, 2022 Share Posted January 14, 2022 24 minutes ago, Parklife said: Nah. Sold it all and bought Cardano. I expect Elon is on some pump and dump scheme with that chat. Get the price up and then sell all he has. Treat em mean Link to comment
The Boofon Posted May 12, 2022 Share Posted May 12, 2022 https://www.dailymail.co.uk/news/article-10808609/Ethereum-joins-crypto-plunge-Second-largest-digital-currency-loses-20-value-24-hours.html Link to comment
Redforever86 Posted May 12, 2022 Share Posted May 12, 2022 26 minutes ago, The Boofon said: https://www.dailymail.co.uk/news/article-10808609/Ethereum-joins-crypto-plunge-Second-largest-digital-currency-loses-20-value-24-hours.html Blackrock and Citadel hedge funds pulling off a massive crypto scheme. Link to comment
Betty Swallicks Posted May 12, 2022 Share Posted May 12, 2022 2 hours ago, The Boofon said: https://www.dailymail.co.uk/news/article-10808609/Ethereum-joins-crypto-plunge-Second-largest-digital-currency-loses-20-value-24-hours.html Well I never. Link to comment
zeroisgod76 Posted May 12, 2022 Share Posted May 12, 2022 Buy the dip. Get in while the price is low. I had 150 million Shiba that i bought last Summer for about £650 and sold in October for £8500. The money has been sat waiting for the right time to buy back in and i have decided that today is the day. SHOW ME THE MONEY!! Link to comment
Redforever86 Posted May 12, 2022 Share Posted May 12, 2022 8 minutes ago, zeroisgod76 said: Buy the dip. Get in while the price is low. I had 150 million Shiba that i bought last Summer for about £650 and sold in October for £8500. The money has been sat waiting for the right time to buy back in and i have decided that today is the day. SHOW ME THE MONEY!! Fit coin you putting it in? I agree this is the time to punt again. Link to comment
zeroisgod76 Posted May 12, 2022 Share Posted May 12, 2022 1 minute ago, Redforever86 said: Fit coin you putting it in? I agree this is the time to punt again. I have a really good vibe about Casper (CSPR). The creators Casper Labs have so much in the pipeline over the next year.. Was up around 15p each back in October / November and is down to 2.5p each today. Definitely worth a punt in my opinion. Only 4.8 billion circulating so no reason why when Crypto bounces back that the price wont get back to at the least where it was in November. Link to comment
Quagmire Posted May 12, 2022 Share Posted May 12, 2022 Look like things might get worse before they get better so wouldn’t rush in. My bag of Luna ☠️ Link to comment
Bluto10 Posted May 12, 2022 Share Posted May 12, 2022 1 hour ago, zeroisgod76 said: Buy the dip. Get in while the price is low.I good advice that. I always get in on the ground floor. wait for it to skyrocket, then sell when it’s high. 1 1 Link to comment
Ke1t Posted May 12, 2022 Author Share Posted May 12, 2022 2 hours ago, Betty Swallicks said: Well I never. The cryptos aren't for the faint of heart. Link to comment
Studebaker-90 Posted May 12, 2022 Share Posted May 12, 2022 Tup will be found hanging from a set of five a side goals 2 Link to comment
The Boofon Posted May 12, 2022 Share Posted May 12, 2022 11 minutes ago, Studebaker-90 said: Tup will be found hanging from a set of five a side goals You're still thinking about the bad news. 2 Link to comment
Parklife Posted May 12, 2022 Share Posted May 12, 2022 33 minutes ago, Bluto10 said: good advice that. I always get in on the ground floor. wait for it to skyrocket, then sell when it’s high. Never gets old that one, Bluts. Link to comment
manboobs109 Posted May 12, 2022 Share Posted May 12, 2022 2 hours ago, zeroisgod76 said: I have a really good vibe about Casper (CSPR). The creators Casper Labs have so much in the pipeline over the next year.. Was up around 15p each back in October / November and is down to 2.5p each today. Definitely worth a punt in my opinion. Only 4.8 billion circulating so no reason why when Crypto bounces back that the price wont get back to at the least where it was in November. No reason? Lol Link to comment
zeroisgod76 Posted May 12, 2022 Share Posted May 12, 2022 3 hours ago, manboobs109 said: No reason? Lol Do grown men really use Lol? Link to comment
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