/biz/ - Business & Finance

REEEEEEEEE I DON'T TRUST THEM WITH MY LINKIES BUT I WANNA EARN TOO:( WHAT DO????

>>15243522
>BAT as well
Fuck yes I'm saved

imagine getting 8% more stinkies per year without doing anything

>>15243535
Just wait to web3, if cypto is already allowing staking then there is a good chance it will be announced there. t. LP owner (they won't take your linkies if the node fucks up)

>>15243535
I already moved my neet stack from Bitpanda and Binance in a few minutes. All done from the apps. The verification to create an account takes like 2 minutes, the smoothest I have ever seen

how do they make money from that? Does that mean they're expecting link to have returns much higher than 8%?

>>15243566
Thanks for rationalizing, I am also an LP holder and will wait.

This is perfect for my shaky hands

>>15243602
What is the MCO stake option? What does that mean?

I’m not trusting anything until Lp announce theirs

>>15243602
You probably could earn more just by swinging it

>>15243522
8% is huge, anyone going to do it?

>>15243608
If you have 150 MCO tokens in your wallet you get 2% more fuck it's not hard

>>15243608
It's like SALT interest. Increases the rate of return with MCO

>>15243602
I'm getting BitConnect vibes

>>15243535
> NOTE
>Digital Currencies are NOT bank deposits, are NOT legal tender, are NOT backed by the government, and accounts and value balances are NOT subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation or any other governmental or government-backed protections. Legislative and regulatory changes or actions at the State, Federal, or international level may adversely affect the use, transfer, exchange, and value of Digital Currencies.
Translation: if they go bankrupt, they have no obligation to not liquidate all of their holdings.
>>15243617
Yeah, 8% per year is basically nothing. I'm no swingmaster, but if you just buy a single large crash and wait a month or two for recovery, you should be able to make 8% easy from just two trades.

>>15243638
Pull the trigger on that nigger

Wait why is that only 3 months?

To anyone that is actually thinking of using crypto.com. if you make it and sell, you can only sell to another coin, usdc doesn't exist there nor can you just cash out if you want to. So if you sell to another coin and that coin dumps, there goes your bags... The only way to avoid this is to transfer to another exchange like coinbase that allows you to hold USD and USDC. I warned you...

>>15243631
That's 8% interest with your funds being locked up for 3 months. If something goes wrong with LINK, you can't pull out until your term ends. It looks like you'll only get 4% if you want to be flexible with your funds.

>>15243566
Where do you buy LP?

>>15243645
EVERY nigger

>>15243522
>11 weeks later
EXIT SCAM
X
I
T

S
C
A
M

Use my referral for free 50bucks faggots

o703yystg3

>>15243654
But I'm holding anyway

>>15243572
Yes

>>15243675
>Growth 101%

So if I initially deposit 20k I could have like 20mil+ within a decade?

>>15243651
make it
sell to bitcoin

>>bitcoin goes to zero

fml

>>15243661
Nowhere anymore, all shares are sold

>>15243651
usdc does exist on the app and you can hold fiat

>>15243602
This pic is the definition of a ponzi lol

>>15243673
thank me later bro

should I get one of these cards? I want to be in a special card club

>>15243661
Look up "Link Pool'
You can buy LP shares on there dex. Good luck, DYOR.

>>15243522
USE MY REFERRAL CODE AND GET FREE 50$ RETARDS!

ux8cysa4vb

>>15243643
Exactly. my linkies are staying on my hardware wallet and if I ever decide to swingtrade for some profit I will send them to binance. No way I'm locking my linkies in some random website kek

Since staking isn't live yet this is basically them using your assets to margin trade or something of the sort? I remember a high IQ anon was saying he could foresee coinbase custody doing that, really hope that happens soon.

>>15243793
well 8% is not bad anyway, ok if you trade you can make more but also loose more, you don't lose anything and it's good for people who are eager to push the sell button

>>15243744
How!? Back when I used it, I didn't see an option to sell to usdc or anything else, only coins...

>>15243879
It's great but you have no guarantee's

>>15243643
>8% per year is basically nothing
This is what it largely comes down to. I can make 8% in a week just from listening to some trusted signals and trading based on those.
>>15243686
>I'm holding anyway
I suppose so, but crypto.com itself could also fall apart in that 3 month time span as well. Or something could happen with crypto as a whole. I think the only time you should look into long-term staking like this is for getting a passive income after you've made it.

>>15243922
He is right, but you can't sell coins for fiat. Only for usdc and tusd

>>15243788
they aren't that random. Its monaco, they were one of the first shitcoins offering cryptocards

>>15243765
Thanks fren
I already have 50mco staked for the card
I am violently hesitating to lock 5klink for 3 months
Wat do

>>15244178
8% pa on 5k LINK is 400LINK
for 3 months that makes 400/4=100LINK
5k is 25% of my stack
Should I do it?

Sounds sketchy. Stuff like this never sits right with me.

>>15243974
>I can make 8% in a week just from listening to some trusted signals and trading based on those.
Do you, though? Reliably? You could retire and live on the gains from a $20k stack from that. Is that what you're doing?

wow I'm certain it's not HYIP ponzi exit scam. I'm going to be not a retard and send all my link there and just not worry about it. what could POSSIBLY go wrong?

>>15244231
I make about 6-10% in a week from this.
>You could retire and live on the gains from a $20k stack from that. Is that what you're doing?
No. What if shit hits the fan and for whatever reason the market changes massively or I'm no longer able to make these sorts of gains off of signals, or something else I can't predict that halts this income? You retire once you reach a point where even if your income gets completely cut, you can still last for several years off of your stack and use the time to come up with a new plan to get yourself back on track.

>>15244203
This. Staking isn't officially supported (let alone completed) by Chainlink yet. This sounds way too good to be true, there's got to be a catch and I'm sure it'll really suck if things go bad with this thing. Don't do anything stupid, frens.

>>15243675
>sharpie ratio

>>15244198
free links, why not

>>15244318

>>15243522
So if I send over 10k link, I will get 800 link per month? if link holds around $2.40 I will get $1920 per month? sounds too good to be true senpai

>>15243522
This gives me bitconnect vibes. I have no protections and nothing stops them from exit scamming with my LINK.

>>15244329
free stinky

>>15243522
will this be the mt gox of link?

>>15243651
Not only this they charge outrageous fees for everything just check for yourself

>>15244343
Crypto.com is legit. They earn money from the spread between interest on earn/credit

Bullshit. Staking isn't live. It means they're trading with the funds.

>>15244364
Outrageous maybe if you are a pajeet

If anyone wonders how they can afford giving you more link for nothing, they'll most likely lend it to other people, who will short link. Or hell, they might just short it themselves. :)

>>15244342
T. Brainlet, please kys so your genes disappear from the genepool

>>15243793
>his is basically them using your assets to margin trade or something of the sort?
Exactly. They lend them out to shorters who believe LINK will go down. Those sell your LINK and hold the money to buy back lower.

You can easily see the problem here, right?

nb: the other anon who believes they are paying you 8% because they want to run LINK nodes and expect a higher APR is a complete moron.

it begins

>>15244387
Bitconnect was also legit. They earned money from trading.
Everything is legit until it isn't.

>>15244563
Bitconnect was never legit

I only have 200 LINK and will stake 100 once we hit $500. Not earlier.

>>15243767
Ooohh someone from the mycrypto scam team detected. It has the highest fees of any exchange Ive tried for everything from buying to withdrawing. Im talking about a full decimal point higher. Tell us how not falling for scummy practices is a pajeet thing to do you faggot

>>15243777
Checked. Based bait taker

>>15244198
Just sell the 5k and buy LP

>>15243522
I'm sure this will work fantastically
Until it stops working completely and you lose everything

Wait, only 3 months? That's pretty dope

8% a year would give me 1k stinks annualy. At $20+ I could go neet indefinitely

>>15243522

>8%

So basically the same as any crap boomer dividend stock or investment trust?

The absolute state of cryptokiddies.

>>15243572
>how do they make money from that?

They don't.

I'm guessing this is some distant theoretical rate. No one is currently reporting revenue with STINK

>>15244400

Ding ding ding!

>>15244838
Those generally sit at 4-5%, making 8% incredibly high. You guys saying 8% is low are all fucking children with zero context outside of crypto.

>>15243566
1500 LINK
0,04 LP holder

Will I make It?

>>15244919
you'll make it to an insane asylum

>>15243631
>8% is huge
What?

>>15243522
thanks for this post. i already have around $60k in the earn program but now i can get another large chunk earning off my LINK stacks. already locked in a 3 month earn with LINK. absolutely loving my MCO card as well tho, the cash back is very nice.

>>15244910
>You guys saying 8% is low are all fucking children with zero context outside of crypto.

Considering this literally who entity has no revenue with LINK services, you can bet your ass they are doing what Bitconnect did - gambling with your funds.

Which works until you find yourself on the wrong side of a trade, and then the game of musical chairs is up, and you bring Carlos Matos on stage.

tl;dr for them to pay NEETs 8%, they would have to be making 2-3% more at least to cover the spread.

>>15244935
Thats nothing like the moon

>>15244952
show pics or larp

>>15243974
>I can make 8% in a week just from listening to some trusted signals and trading based on those.
If this were true you would be outperforming the best traders in the world, and you would be a billionaire by now.

>>15244387
>Crypto.com is legit
It's not, they are announcing something missleading intentionally. Staking is NOT live.

Don’t fall for this. Staking is not live and why would you trust this over linkpool even if it was live

Nexo gives 30 percent

>>15243638
This.

this is 8% every 3 months with MCO staking right? Its not 8% a year right?

Its all done with smartcontracts, you wont lose you funds

>>15245232
source?

>>15245122
t. brainlet

>>15245268
Dude, trust me

>>15245188
8% a year

>>15245268
Crypto.com's earn program is fueled by institutional crypto traders who use the capital users provide to make crazy returns for the company. It's how the program makes money. They do have some failsafes in play in the event of major losses to ensure that customers dont actually lose anything. It's the highest level of scientific crypto trading going on in this industry at the moment.

t. 16k MCO holder

>>15243570
wow big spender here

>>15243522
Then they exit scam and take everyones LINK when it hits $1000.
>trusting chink exchanges that could run off with your money with no legal consequences at any moment.

>lock up your coins
>guaranteed returns
when will brainlets learn what a scam is baka desu senpai

>>15244958
Oh, I'm not saying it's not high risk and for 8% probably a shittier risk exposure than that's ever going to be worth... just saying generally 8% is a high return compared to boomer dividends.

>>15245542
You can unlock at anytime if you accept lower return

>>15245284
Repeat it with me pajeet.
STAKING
IS
NOT
LIVE

Use my referral code 2ktwmarvph to get free 50 NEET bux

>>15246713
staking for the purpose of cryptocom has nothing to do with actual link staking brainlet

staking in this context = margin funding

>>15243522
>>15243535
>>15243541
>>15243559
>>15243566
>>15243570
>>15243572
>>15243576
>>15243602
>>15243608
>>15247181
>>15247020
>>15246713
>>15246589
>>15245915
>>15245542
>>15245449
>>15245414
>>15245331
>>15245296
It's literally dumping right now

I don't trust this shit

>>15247256
Faggot

>>15244046
>wait so these guys bought link for the greatest wealth transfer in history
>and then they put it all in our wallets because we had a shiny website