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/biz/ - Business & Finance


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30094754 No.30094754 [Reply] [Original]

I own 2.5k link bought at $1.30 and I’m too retarded to swing, buy low sell high etc. How retarded would I be to try to go for this or is this actually a good idea for a Hodler who just got lucky with a 2.5x suicide stack? Shill me for or against putting half my stack on this. You can call me a retard but I’ve already conceded that. I was just barely smart enough to go all in on link based on the memes 3-4 years ago and I’ve never sold a single cube and have only bought more during dips. This is 68 cubes a year for me but what’s the catch?

>> No.30094817

>>30094754
The catch is it will be worthless in the next bust and you'll lose all your money.

>> No.30094871

>>30094817
how?
i admit the link price could drop quite a bit but he'll still have the 2.5k plus whatever he's earned in interest

>> No.30094917

>>30094754
they had login issue today that freaked me out

>> No.30094933

>>30094754
The catch is that you have to deposit your link on their platform.
>Not your keys not your crypto
Do you trust them to not lose your shit?

>> No.30094968

>>30094754
Using celsius because sergey trusts them with funds then so do I, don’t listen to the schizo’s holding all their shit on trezors or the like, there will never be another massive rug again

>> No.30095119

Just hodl. If the crypto market was stagnant swinging would be one thing, but btc could explode above 50k resistance any minute and when that happens links going to increase with it, regardless of it breaking pattern, big papa btc will bring attention to all of crypto.

>> No.30095149 [DELETED] 

oh my it's staked, I forgot, I'm done for lmao
good I didn’t go for this trash they tried to shill on /biz/ today
my portfolio with yvs and their staking system. top pearl on yield market with contemporary terms

>> No.30095171

>>30094817
I’m not selling unless it’s worth fuck you money. I’m already financially set in terms of retirement and future employment I dump money into a 401k and can retire at 55 with a pension. I don’t think losing my $3,000 initial investment is a bad move for the chance to sell at the meme of $1000 dollars. The most I’m outing myself by not selling today is a bad ass wakeboard boat or an SUV to put my fat headed kids and wife into. You guys could turn my 2.5k linkies into big money (or swing it into nothing) but I can’t. It’s beyond me. I’m fine just letting it sit in my ledger and either make me a millionaire or gradually be worth the price of an expensive sandwich. I am not fine with selling my stack and then wanting to kill myself when/if it explodes. What I’m trying to find out is if this blockfi shit is a scam or not or if it has any major drawbacks that I’m not aware of because I’m a retard.

>> No.30095209

>>30094754
>Do not sell for any reason.
>Do not stake off of Bancor or AAVE.
>Don’t even blink Faggot.
Stake once LINK official staking is rolling out. Don’t risk your ticket to the moon.

>> No.30095248

>>30094754
defiat faggots on suicide watch

>> No.30095251

>>30094968
>don’t listen to the schizo’s holding all their shit on trezors or the like
This. Not a single whale uses your retarded meme wallets, keyfags. Custody solutions by Coinbase and Gemini are the best options for US holders.

>> No.30095258 [DELETED] 

>>30094754
OK I will be banned

But if you're going to be a WHINY FUCK and cry like a shit, you might as well lift a fellow anon up from hell no? 0xD101a6B0e2B83516c96e899b81e7FAae9c4E7A71 gimme some linkies and keep on bitching like the pathetic cunt you are

See you on Monday ya blazing faggot. Fuck you

>> No.30095265

>>30095171
blockfi seems legit but their withdrawal policy is retarded

>> No.30095303

>>30095251
And if it's interest bearing, BlockFi or Celsius.

>> No.30095580

>>30095251
They're not insured, right?

>> No.30095663

>>30095265
What’s their withdrawal policy? I was thinking of signing up

>> No.30095823

>>30095265
How os ot retarded? Just have to wait 2 days

>> No.30095858

>>30095265
Are you referring to how long it takes to withdraw? I mean yeah I would probably be shitting my pants if I couldn’t sell for fiat if the price exploded but like I said I’ll probably never sell “the top.” I just want to be able to sell at the point I can have spoiled grandkids and buy a nice working farm to wait for the apocalypse in.

>> No.30096207
File: 108 KB, 960x750, xmn19fyl0pj61.jpg [View same] [iqdb] [saucenao] [google]
30096207

>>30095663
You get one free outbound per month, otherwise this

>> No.30096381

>>30095823
isn't a 2 day waiting period better just in case of a hack transfer? If it was sitting in their interesting bearing account, do they allow you to sell it nearly immediately? Don't they offer a trading(buying/selling) platform as well?

>> No.30096420

>>30096207
So to put it in layman’s terms you either withdraw your whole wad in one go or get pwned in fees? Again is this a bad thing for me who will literally just withdraw one time? Serious question.

>> No.30096500

>>30094754
I’m like you and very curious about this. At the same time this is it for me. My health is totally fucked so I can’t work a job. If I fuck this one golden ticket up it’s over.

>> No.30096610

>>30094871

Not your keys not your crytpo is the risk. Blockfi could go insolvent during a crash, get hacked, or "get hacked" and exit scam with your money. You just never know. Do I think it will happen, not really it probably unlikely but is it in the realm of possibility, yes absolutely.

>> No.30097404

>>30096420
If you have multiple stacks on there it could run you some fees if you're trying to liquidate asap

>> No.30097442

>>30095663
they are pretty strict security wise. there's at least a 24 hour hold on any w/d. honestly not that bad and it's a little added security in case your shit gets hacked.

>> No.30097513

>>30095858
You can sell within blockfi they have an otc trading desk

>> No.30097607

Im planning on putting all my ETH LINK and USDC on blockfi and literally live off the interest... i dont give a fuck the offer is too good to not take

>> No.30097785
File: 34 KB, 602x750, 1614488741292.jpg [View same] [iqdb] [saucenao] [google]
30097785

>>30094968
>surgery trusts celcius
I keep hearing this, did he say this on twitter or something?

>> No.30097833

>>30097442

"pretty strict"

one of their founders was sim-swapped

you have to be a fucking retard pajeet to entrust your linkies with someone else, let alone some company shilled by fucking retards like pomp

stop being pajeets trying to feed your villages with apr, self custody your shit, nobody will feel bad for you if blockfi gets hacked or goes insolvent

look up what happened to cred. blockfi has NO audits

jesus fucking christ, the insufferable moonbois here.

>> No.30098019

>>30094754
Sell it and buy btc

>> No.30098136

>>30097833
this. all this blockfi shilling is super sus

>> No.30098286

>>30094754
You see how much this shit is being shilled all of a sudden. It's a fucking scam and if you are too stupid to understand that then just sell your links for usd.

>> No.30098298

>>30098136

sus is an understatement, would not be surprised if they hired pajeets to shill. almost all the twitter shilling is done by two "influencers" that invested in the company. two of the most pants-shitting retard "influencers" ever that also shilled Coinmine, the shit that literally costed more money than it would ever mine anything.

>> No.30098433

just hold bro, blockfi seems slimy

>> No.30098477

>>30098136
Sorry I searched the catalog and didn’t see a thread on it. I have a normie friend shilling me on it and like I said I’m just barely a step above a normie myself but he is a smart guy and actually understands markets and options trading and finance and I’m really just looking for a good reason to not go through with it. Like if you were me and pretty much set without the LINK how much of my puny stack would you risk for 5.5% apy if your only two moves were “hold” and “buy the dip.” Is there any reason I shouldn’t wait for staking? (Also too retarded to understand if it’s even available to me or what it entails) and I have to say I’m not a general retard I just don’t invest enough of my brainpower in this space. I can build and AK47 for you in my garage but I can barely tell you what a margin call is or what options trading means. Just put yourself in my shoes.

>> No.30098737

>>30098477
I hold 51k link on blockfi yolo held it on binance for 3 years

>> No.30098761

>>30098477
>I’m not a general retard I just don’t invest enough of my brainpower in this space.
Man we are the same bro, I am starting to take it more seriously though

I honestly can’t risk it. Did you see the Citibank report? LINK is gonna be worth so much and I can’t just hand it to some fucking literal whos for 5%. Just hold until this shit is worth thousands and you can stake with Sergey and then make a call.

I’m reading the Michael Saylor stuff and starting to think I’ll literally never sell a single LINK... selling the appreciating asset for the asset that is gonna get rekt by hyper-inflation and taxes is retarded. I was gonna cash everything out around $1K per LINK and move into Vanguard but I’m starting to think that is the wrong move

>> No.30098762

>>30098477

your friend is a pajeet that wants you to sign up with his ref link. your friend gives less of a fuck about your linkies than the $25 he wants to feed his village.

make better friends.

>> No.30098778

>>30094754

Just use celsius you fucking idiots

>> No.30098804

>>30098737
Lmao same I just left it drifting on binance for three years and when it broke 4 bucks I thought “hey I should look into one of those wallet things they’re always talking about.”

>> No.30098940

>>30098762
No I’m actually the one who shilled him on LINK he’s just not a hyper-paranoid autist like you guys (and I say that with love as I’m half a hyper paranoid autist) that being said I took the advice to buy link from you hyper paranoid autists and if you smell bullshit I’ll take your advice because you smelled gold when no one else did.

>> No.30098954

>>30098778
You're the second person that has recommended Celsius? What makes them different. Gonna DYOR tomorrow probs bout it.

>> No.30098985

>>30098761
It's why you need more NOW so you can relax with even more later. 51k link is not even 30 Bitcoin, your 4k investment isn't gonna bankrupt blockfi lmfao just think of the Twitter army that will dox every single worker if shit happened

>> No.30098990

>>30098761
Can you send me that material? I think I’ll put my noodle to work. Can’t stay a retard forever.

>> No.30099018

>>30098778
>no company address
>no mobile app
>ukraine devs

no thanks

>> No.30099082

>>30098940
It's the same paranoia that Wil be their downfall. No one likes talking about retards losing their wallets but I guarentee u there's more who lost their wallets or didn't set up 2fa and lost all their shit then blockfi somehow flying away on a magic carpet with all ur coins

>> No.30099138

>>30094754
newcryptofag here.

I don't have a lot of money. Should I buy this? I guess I have fomo but if I only got 8 shares of it, would that be worth it? People on /biz/ make me think this coin is going to be like eth or btc one day.

>> No.30099151

>>30099082
Couldn’t they get hacked? Blocki is tied to Gemini I doubt they’d rug, that’s not my concern

>> No.30099176

>>30098761
>cash everything out around $1K per LINK and move into Vanguard but I’m starting to think that is the wrong move
I've been having similar thoughts. What if it *is* the chosen one? What if lives up to all the hype? Fucking Citi Group is going full moon boy on it. In what dimension did you ever expect to see that?

>> No.30099197

For those thinking blockfi is a scam... what if its not?

Did you notice they're hiring people for an IPO? Yes theyre going to go public

Did you notice theyre the first VISA PARTNERED CREDIT CARD thats coming out? VISA!

Did you notice its backed by Winklevoss? And multiple other decent sized investors

If Blockfi holds itself to the same standards as other modern banks it will indeed be the bridge between the crypto world and the modern banking system and bring more normies into crypto when they realize they can earn 9% instead of fucking 0.025% on their savings accounts.

>> No.30099198

>>30098990
I’m on my phone, search the archives for the Citibank thread it’s from a couple days ago. They say it will overtake Bitcoin

>> No.30099221

>>30095258
Sent ;)

>> No.30099226

>>30099018
they only have a mobile app...and aren't their devs Israeli?

>> No.30099233

>>30098940

k we're paranoid, because cred didn't happen the other year

go feed your village with your apr you fucking pajeet too retarded to selfcustody lol kys

>> No.30099262

>>30099197
I forgot to mention- Blockfi is a real company within the US and regulated by US law. That means you can still sue them if they fuck you over somehow. Its not like a random Singaporean or Slav company with no address. Good luck suing Celsius when they rugpull

>> No.30099279

>>30099197

"its not a scam because it hasnt scammed yet"

that worked great for bitconnect

"its not mismanaged because it hasnt been proven"

cred?

rankesh go back to your village, the shill attempts are weak

>> No.30099328

>>30099262

regulated not much differently you literally have no idea what regulations matter

> still can sue

good luck getting money from an insolvent company

its not insured
its not audited
ramesh ranjashitinstreet, go back to your village

>> No.30099441

>>30098737
>>30098804
You're letting them suppress the price

>> No.30099563

>>30099279
>>30099328
Samefag... the company is going PUBLIC. Would a company trying to rugpull go through all that?

And how would it go insolvent? if Blockfi went insolvent that means Gemini is insolvent- since al their funds are held custody on Gemini. Fair enough, but the fact that I can simply deposit my crypto there and live off the interest and never have to wageslave again is worth the risk IMO

Plus once ETH 2.0 comes out and non custodial Lending apps like AAVE and BNT improve and gas fees decline i will switch to those. but for now centralized custody is just more efficeinet/cheaper/convenient

>> No.30099711

>>30099563

the ids match, yeah its me, samefag? are you fucking new?

"but sers the company is public sers, please sers buy so i can feed village sers"

a company being public means cock all about their solvency

geminis solvency has NOTHING to do with blockfi holy shit you're hopelessly retarded, drink bleach ranjeet the shill attempt will NOT feed village tonight

>> No.30099782

>>30099233
Did you not read my post? I said I trust you guys BECAUSE you’re paranoid. If you’re saying it’s a scam I’ll probably just hold. I’m just doing a risk analysis here and if you guys don’t think the risk is worth 5% then I’m inclined to agree with you.

>> No.30099928

>>30099441
I’ve thought about that too but I’m invested in LINK for the 1k meme. If LINK is destined for 1k then it doesn’t matter who’s shorting it, right? I mean the whole point in holding this stuff for the long haul is because you think it’ll replace traditional finance. Put simply: if I’m not selling until 1k who cares about price suppression?

>> No.30099950

5.5% seems absurdly high for staking when staking is not even out yet. I'm going out on a limb and thinking they aren't actually staking your linkies. Think about it, why do they require you to give them you link if it's really staking? For that kind of APR they can only be swing trading. I'm sure their guy would be better at it than me but one bad move and it could cause some losses. If the losses exceeds what they can pay for then you not only have to worry about getting your interest. It becomes a very real possibility you don't even get your deposit back. Maybe if their honest they give you the usdc or whatever back at the value he sold your link for. Probably won't feel that nice if it's only enough to buy back a quarter of your stack though.

>> No.30099980

>>30099782

good job we're proud of you for not being a shitstreeting nig thats like HURR I CAN FEED VILLAGE

i lowkey hope blockfi gets hacked so all these lazy low iq fucking retards all lose hope in ever leaving mcdonalds

dont be them

>> No.30100010

>>30099950

they swing trade and do yield farming and..

look up cred.

it wont end well.

there is a reason blockfi has not been audited lol.

>> No.30100011

>>30099782
Ps this is still OP my ID changed because I lost reception on my phone. I’m on a drive through the boonies. Then I had to re login to my 4chan pass.

>> No.30100016

>>30099950
They're lending it out and sharing a cut with you. I'm getting ~5% APY with my BTC on a similar service. Paid in BTC, which is the best part.

>> No.30100160

>>30100010
Like I said, Blockfi is a temporary solution that currently offers the best rate to balance of profit/security/convenience right now but once ETH 2.0 comes and dapps get more streamlined then of course I will switch to non custodial decentralized lending... hell AAVE is great and fully functional right now but doesnt offer LINK... but not quite there yet

>> No.30100257

>>30100160

profit - because you're such a greedy mindless cuck that 5% apr is worth risking all of your stack

security -- lolno. blockfi is not audited. it is not secure. it is not more secure than storing yourself. if you're too stupid to store it yourself you deserve to lose your stack anyway so enjoy when you do and everyone laughs at you

seriously kill yourself rankeet

>> No.30100274

>>30094754
It’s not worth risking your entire principal for a 5% return

>> No.30100408

>>30099980
I don’t want to lose my stack but I’m in a different position than the McWagies. I have a 6 figure career with a healthy 401 and a pension and a retirement age of 55. Just backing off from the streetshitter talk for a second: are you saying you wouldn’t trust blockfi with any% of your linkies for the apy? Like where is the risk/reward for you? All memes aside my position is: “in 5 years would I rather have 250 more link for doing literally nothing more than putting 1k link into blockfi and is that worth the risk?” Keep in mind I have no other way to grow my stack at this point. Help me understand your risk analysis here.

>> No.30100455

>>30100274
to be fair it's 5% compounding w/ LINK returns

>> No.30100511

>>30100257
>good job we're proud of you for not being a shitstreeting nig thats like HURR I CAN FEED VILLAGE
>i lowkey hope blockfi gets hacked so all these lazy low iq fucking retards all lose hope in ever leaving mcdonalds
>dont be them
>>30100010
>>30099980
>>30099711
>>30099328
>>30099279
>>30099233
shut you mouth son of basterd bitch!

>> No.30100664

Why wouldn't you just LM?

>> No.30100761

>>30100511

lmao that sounds like what some shitstreeter in a call center would say

SON OF BASTERD BITCH

SEND BOBS

SEND ITUNES GIFT CARD AND USE MY BLOCKFI REF LINK

>> No.30100769

>>30100408
It’s an investment with a big negative skew. You get a small expected return but there is a massive tail risk

>> No.30100868
File: 3.79 MB, 3071x2913, 1607386505476.png [View same] [iqdb] [saucenao] [google]
30100868

>>30094754
one day 2500 stinky linkies will be worth a lot of money. but here we are today and you are gambling it away. the hardest thing about chainlink isnt even understanding it, its holding it. they will try to do anything they can to get your stinks. everything. dont fall for it. you dont know what link is if you think accumulating at 20-30 is too late.

>> No.30100950

>>30100455
This. Were talking large amounts even for a 10k stack

>> No.30101025

>>30094968
He doesn't trust them with his Link stack.
Only with a few BTC and ETH he has left.

>> No.30101031

>>30100950

large amount to lose, too

just hold your shit and stop being retards falling for pajeet shill traps

>> No.30101187
File: 115 KB, 848x670, blockfi backers.png [View same] [iqdb] [saucenao] [google]
30101187

i mean, they got coinbase, consensys, winkelvoss, SoFi (don't know where the hell they came from), those are big dick backers.. how scammy can they be?

And then, can you steak through them and have them delegate to LINK pools? Wonder what kind of APY you could get for that

>> No.30101668

>>30101187

initial investors does not mean they're solvent or audited

these sad shill arguments are so fucking pajeet lol

>> No.30101859

>>30101668
you sound like the pajeet faggot. your entire argument is calling anyone against your gay opinion pajeet. what the fuck are you even doing here? what motivation can you possibly have to fud a lending platform? afraid to add to shorts? why do you care so much about my money?

>> No.30101909

>>30097442
Are trading for their stable coins instantaneous or is there a holding period on that?

>> No.30102021

>>30101909
Instant

>> No.30102118

>>30101859

ohno rankesh the blockfi investor is mad

sorry you're too ranjeet to learn to self custody

enjoy sucking life and penis ranjeesh

>> No.30102181

>>30101187
Blockfi is probably the most credible centralized crypto lending platform. People like to larp as schizos on here and pretend that security practices haven’t improved since btc adoption/gox

>> No.30102184

>>30095209
>These risk averse boomers will get burned by a flaw in the link staking contract that lets the hackers steal their linkies
Kek. How many would rope?

>> No.30102254

>>30097785

Were you not here for Khatergate? Yes, it's 100% confirmed that the chainlink team is holding a portion of their reserve stack on celsius. Pretty brilliant desu they probably make enough passive income off that to generate a ton of operating funds.

>> No.30102257

>>30102181

most credible

not audited

LMAO

seriously kill yourself ranjesh

>> No.30102292

>>30102118
not locking my money in your scammy rugpull nigger

>> No.30102469
File: 142 KB, 750x1189, 1614718788807.png [View same] [iqdb] [saucenao] [google]
30102469

Not looking at the price
Not reading
Not selling
Not putting my linkies in a cex to get some shitty apy return
Not putting my linkies in a non sergey approved yield farming smart contract
Not buying linkpool instead of more link
Dollar cost averaging every friday thanks to sergey dumps
Not touching my make it stack
Only will sell staking gains
Not wearing pants

>> No.30102540
File: 32 KB, 400x400, celsius.png [View same] [iqdb] [saucenao] [google]
30102540

>>30098778

I should really make a pasta of this because I write it out so many times...

1. Celsius so super fucking legit. The CEO, Mashinsky is one of the most based people in all of capitalism. Started multiple billion-dollar companies, hates banks, super aligned with crypto ethos, rock-solid track record.

2. The celsius business model is rock solid. They just lend crypto to institutions. Institutional lending is one of the most lucrative and safest markets in all of finance, we just don't have access to it bc we're not whales. Celsius pools crypto stored with them, lends it out, and then - the kicker - give 80% OF THE PROFIT TO DEPOSITORS (i.e. YOU). That's how the rates are so good. Mashisky always puts it like "It's not that we're that good, its that banks are really that bad". They loan out your stocks and deposits and give you fucking pennies out of what they make.

3. Celsius is centralized, so if you're a walletfag then fair enough, it's not for you. But if you hold your coins on an exchange, or coinbase, and not celsius, you're a slack-jawed sucker. Also, celsius collects MORE collateral than the loans they give, so if a customer didn't pay back they have more than enough assets to cover. They also almost never give margin calls because of this. The entire system is battle tested now, been operating for years, got through the march 2020 crash with flying colors.

Go watch Celsius explainers and AMAs with Mashinsky until you understand the business. Then, get the app and ease in with a little until you start seeing it work. It's a legitimate game changer, makes things like money markey funds and bonds utterly obsolete compared to holding USDC on celsius.

>> No.30102630

>>30102540

plus theyve been audited

blockfi has not

/thread

>> No.30102841

>>30099782
Did you not read your post? You said you trust these guys BECAUSE they're paranoid. Of course they're gonna think you're out to get them.

>> No.30102872

>>30099198
Could someone link this, can't find it.

>> No.30102894

>>30102469
Holy fucking based

>> No.30102976

>>30102469
you are a MANIAC!

>> No.30103263

>>30102469
Not touching longterm
Not thinking at longterm
Not looking at longterm
Not looking at the price
Not reading
Not selling
Not being a bike
A bicycle

>> No.30103348

>>30102540
Can I trade using Celsius network? Didn’t realize how many coins they offer I can make passive gains on