/biz/ - Business & Finance

>>24166374
Nice soup. If you have reliable power and internet, and can spare locking up 32 ETH for 2 years, you may want to consider running an ETH 2.0 validator node. The earlier you get in, the higher your APR will be. Passive income is nice.

>>24166422
I’ve been trying to figure that out actually. So if you stake, your funds are locked for two years?

>>24166374

Bitcoin is pretty much certain to do a 7x from here, so I'd move to that since it's the safest coin, but if you wanna be a bit more adventurous a 50/50 BTC/ETH split would probably get you there anyway. I definitely wouldn't keep the majority in LINK anymore; too risky when you're so close to making it.

>>24166625
I can’t sell my linkies. I have 35k worth of other shit, ill just buy a couple bitcoins with that

>>24166437
Yeah same trying to figure out that as well. Having a computer be on 24/7 is kinda a deal breaker for me.

>>24166437
Unfortunately yes. I'm doing it but thats only because I'm heavily invested in ETH

If you buy ETH now you sell it at 0.1 BTC in 2021 sometime. That's a 3x in BTC, but since BTC is going to 100k you'll have a 5x on top.

>>24166690
Look into AWS

>>24166437
>So if you stake, your funds are locked for two years?
ETH 2 is rolling out in phases. Your funds would be locked until the ETH 1 chain docks with the ETH 2 chain in phase 1.5 which is estimated to occur in 1-2 years.

>https://launchpad.ethereum.org/faq
>https://launchpad.ethereum.org/

The validator should run on a dedicated computer and have reliable internet and power. You should get a high quality router and UPS to connect to. I created a shopping list for myself and my frens or recommended parts (aiming to never have to upgrade so pretty decent specs).

Shopping list
https://docs.google.com/spreadsheets/d/1THMqbx4Xk4onsLtMosLGvCskGyCu_6qPvKJBsLEu_AY/edit?usp=sharing

>>24166776
Oops, here is the shopping list. Forgot to make it public:
>https://docs.google.com/spreadsheets/d/1THMqbx4Xk4onsLtMosLGvCskGyCu_6qPvKJBsLEu_AY/edit?usp=sharing

>>24166776
anon why the hell would you host it yourself instead of using AWS. I know I already posted about them and bezos can suck my dick im not a shill but could you possibly beat their uptime? There’s no way. They have a ton of resources

>>24166799
Why would I host it on AWS? My uptime is good, I'm Linux-competent, and I have a dedicated fiber line. How much do you think an AWS instance would cost with similar specs to what I posted (i7, 32GB RAM, 2TB NVMe)? This is something that needs to be running constantly for years too.

>>24166908
My understanding of staking is ANY down time gets you slashed, so you can’t afford failure. I trust a big company’s infrastructure more than a server rack I build myself in my own home. For instance, the lights in my bedroom today went out inexplicably. If I had a node depending on an outlet in that room, it would get me slashed and cost me thousands. But I admit I have never tried to run a server before and am also not familiar with ETH staking terms

>>24166374
If ETH scales and works, LINK will moon more. Adoption of smart contracts will bring more value to the LINK staking/node system, than gas costs on ETH. The adoptive value accrual driver will be much higher through LINK.

I am 100% LINK with a 200k stack, but if I were to swap out any, it would be to bitcoin, as that's a guaranteed 5-6x.

But not now. Swapping into BTC after a 50% pump and the longest time without a 20-30% correction, is madness. There will be a distribution to alts. After that, I may consider it, but I doubt that. LINK will be 200$ minimum this cycle, more like $4-600

>>24166987
A 200,000 LINK stack? You’re still here?

>>24167060
Got 220k LINK, 500k DAI from farming and some private sale ICOs which are vested for some time.

This is not retire and live it up for life stack ($4m USD) here or most expensive Western countries. Think about your kids, wife, ongoing costs of life while wanting to live it up. I'm aiming for 20m USD equivalent as my 'start cashing out' point.

>>24166987
>200,000
Nigga just retire, passive income would be more than enough.

>>24167127
Absolutely based. My stack is an order of magnitude smaller than yours and I thought I was one of the biggest left on /biz/. Good to know thats not true. I’m not fucking selling.

>>24166973
>>24166799
>>24166908
>My understanding of staking is ANY down time gets you slashed, so you can’t afford failure.
It gets you slashed for the exact amount you would have earned during the uptime, which is not much for short outages. You can deposit additional funds from your wallet to make up for it to not lose your interest baseline. Someone on stackexchange approximated that you'd lose 0.096 ETH if you were down for an entire week.
>https://ethereum.stackexchange.com/a/82078

Most residential outages are pretty short and covered by the UPS battery as long as only the server, modem, and router are on it. I'm also planning on hosting my own ETH 1 node (the ETH 2 node needs access to one). You could use a free 3rd party service like Infura, but there are limitations you could run into. I ran into this one myself when running on the ETH 2 "pyrmont" testnet:
>https://github.com/prysmaticlabs/prysm/issues/7827

I want full control of my stuff so that I don't run into strange bugs and limitations by 3rd parties.

>>24166723
Interesting, so amazon hosts it for a fee. I wonder what the numbers would look like at 32 eth staking. How much net profit are you looking at if you stake with AWS.

>>24166987
Are you going to sell the top or keep most of your stack and stake? What's your opinion on LP?

>>24166422
>>24166690
There are resources on deposit eth page showing how you can use cloud validators, some have your keys and you own withdrawal keys, some don't keep any of your keys.

>>24167197
Oh okay. That policy is not too bad. Ill consider doing this myself then with the alts I might convert. Im also a linux fan boy and have ran eth nodes before so it doesn’t sound too hard. By my calculations I can expect to easily get ahold of around 50 eth. Should be fun to play with.

>>24167243
LP is great for forever passive gains, but it's overpriced. within 3-6m of staking being released, demand for pools staking high value will exceed LPs capacity and they'll hardcap themselves to prevent centralisation.

There's going to be a lot of high value nodes run by good companies through which you can stake and get favourable returns.

I'm planning to selling down to at most 100k, but I imagine I'll sell 125k, then switch out 25k to bitcoin, and ride the bear with 75k LINK earning passive income and Bitcoin.

The next cycle after this will peak sooner than previous cycles imo, probably looking at 2024-23, so don't want to be caught with my pants down.

>>24167202
Honestly AWS is expensive. By my rough calculations it could cost 3500USD/year. So if you only staked 32 ETH at a price of $1,000/eth and assuming 10% ROI (generous) you would lose $300. That being said, the more you stake the less of an issue it is.If you’re staking 600 ETH and getting $30,000 annually in returns the AWS price might be worth saving the hassle.

>>24167313
What would you consider a fair price for LP?
>The next cycle after this will peak sooner than previous cycles imo
Why do you think that? I thought the general school of thought is that every subsequent cycle is more drawn out with a reduced amplitude.

>>24167398
Ah ok yeah then staking is not really for me. Seems very complex to set up at home. Seems like just getting an index fund would be safer and make about the same. Thank you though for help.

Im in the same boat as you OP except I need a 5x to be set for life. I was debating this very thing as well but im choosing to ride out it out in link.

>>24167478
Because

1) the basis for the #4IR will be set for adoption. ETH mature, LINK mature, macro perspective set, CBDCs will be live, full MMT will running.

Think of cryptos as tech adoption, not a commodity cycle. 'Gradually then suddenly'

2) Every dickhead thinks this works in 4 year cycles or lengthening cycles. For whale speculators to best way to profit from this is create a short bear market with a quick peak forcing people to renter near the top through FOMO.

>>24167755
in the same vein, the big brain play if you're young is to just hold the next 4 years. You'll make it even with a small stack.

>ETH 2.0
Who's gonna tell him?

>>24167127
>I'm aiming for 20m USD equivalent as my 'start cashing out' point.
with that attitude you'll probably never cash out and never live life

>>24166422
Or you could by link. Eth is going to used solely for gas as soon as arbitum hits

>>24167755
Makes sense. And it really does seem like we're in the main thrust of the institutional phase right now with all these funds buying up BTC
https://cryptopotato.com/paypal-square-buying-every-mined-bitcoin/
>make it even with a small stack
I hope so. I'm really just trying to use Aave to get me up to 10k this run

>>24167859
Do you think this cycle has peaked?
If your answer is no, then do you think its coming in 1-2 years?
If yes, then why the fuck wouldn't you wait 1-2 yrs to make generational wealth?

I'm living comfortably, I don't need frivolous conspicuous consumption right now to make me content. I make a 6 figure salary and have little debt besides a mortgage which I could pay off with my stablecoins if I really wanted to. My lifestyle hasn't inflated on expected future gains. I'll wait.

>>24167909
Indeed.
People think there won't be a redistribution to alts as 2017 because the buyer is institutions/HNWHs/banks right now and they will never touch something with a mcap of less than 100billion/high liquidity.

They seem to miss the fact that the OG whales and traders still have most of the supply, and THEY will, after having their BTC bags pumped, buy alts to make more BTC, as usual.

This, combined with superior onboarding for shitcoins (coinbase now vs 3 yrs ago when it had only 4 tokens, paypal, square, robinhood etc etc) will make the retail FOMO unreal.

Normies have got a taste for pump and dumps and 'trading' thanks to covid+easy access apps.

The blow off this cycle will be huge. Get your stack brudda.

>>24167981
As money flows into smaller cap shitcoins near the end of the cycle, do you figure it's best to put your gambling money into coins available on larger exchanges like Binance or will harder to reach coins spike even more in the end?

>>24168062
it's about exit liquidity too, having 500k of an illiquid shitcoin isn't great.

Coinbase/binance coins make sense. Not sure how well normies will get on with uniswamp stuff.

Personally I would stay in LINK or BTC or ETH until it's very clear retail FOMO is happening, then maybe, if you're really keen, diversify a bit.

Imagine getting rekt on a rug after being in the game since 2017 when all you had to do is hold a real deal good project.

>>24168268
Yea, definitely staying away from likely rugpulls. I figured things like UBT and PNK (neither are on Binance) might be decent end cycle plays for smaller portion of your portfolio.

>>24168268
Do you see a BTC/ETH local retrace (next few months) for a better entry? Low 400s or 12k btc etc

t. stinky looking to add

>>24168855
no idea man, not good with charting or short term trading.

hey anon PTF is the next big one, new product by end of Dec

>>24166987
>LINK will be 200$ minimum this cycle, more like $4-600
*sluurrrp*

>>24166374
Split between eth, link and dot. That’s all you need. I’m at 1.3m hoping to hit 10 this run

>>24166987
>LINK will be 200$
When are you expecting this?

>>24167897
And arbitrum will do most of the work off chain leaving little work for eth miners and hugely reducing gas fees and consequently the price of eth.
Arbitrum is huge and is not priced in

Put everything in IOTA and give it one more year. That will give you your x7

>>24166374
>Is ETH a more guaranteed way of reaching my goal soon?
no. you will never achieve that with ETH.

>>24166437
2-5 years, depending on how long it takes the shit devs to shitcode ETH 2 together. and if you fuck up your eth will be slashed

>>24169913
Between 9-18 months from now.

>>24166374
https://docs.google.com/spreadsheets/d/15tmPOvOgi3wKxJw7KQJKoUe-uonbYR6HF7u83LR5Mj4/edit#gid=478173071
7x to what? 1 million $?
damn bro. I don't even have 32eth.