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28592208 No.28592208 [Reply] [Original]

can i just live off staking rewards and shit? can i get fucked trying to do this?

im holding ftm and it gives 14% a year. im seeing coinbase wallet gives you 14% apy for holding tether and shit in there. i might just ape my entire bank account into crypto if it can just pay my rent every year

that would be beyond good for me.

>> No.28592671

>>28592208
I'm staking ASKO and am making like $80 per day right now.
Over the course of a month that's legit enough for me to cover my bills and not have to wage.
If the price of ASKO goes up and the trade volume goes up too I might genuinely be making a big chunk of money per day.
Seems too easy.

>> No.28592705

>>28592208
Interest rates depend on demand for loans. Higher demand for loans is driven by expected price appreciation in the underlying asset loaned against i.e price increase in crypto. In a bull market, by definition investors generally expect price appreciation, this driver demand for loans. Which in turn drives interest rates higher. This is all to show you that interest rates are temporary, once the bear market begins, yield will fall. Don't count on it lasting forever.

>> No.28592760

>>28592705
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

>> No.28592781

>>28592208
As for staking, your return entirely depends on the peice of what your staking. The bull market won't last a full year from now. Take that as you will.

>> No.28592812

>>28592781
would fantom be good to hold or will it follow bitcoin?

>> No.28593763

>>28592812
I have no idea don't know enough about the project. It looks promising though, see their thread sometimes. If that afghan shit is legit then it could do really well but shit might take years to materialize.

>> No.28593968

>>28592208
I tried with CRO and got fucked

>> No.28593979

>>28592671
whats your stak

>> No.28593989

>>28593968
crash 50%?

>> No.28594114

>>28593763

https://twitter.com/AndreCronjeTech/status/1360325939855388677?s=20

>> No.28594171

>>28594114
andre is a chill dude hes gonna make it

>> No.28594352

>>28593989
Bought at around 0.15c and locked my coins in the 6 month term
It went down to around 0.6
Now it's recovering but i missed so many moon missions in the meantime because I couldn't move anything out of it
Maybe the locked in time helped me because otherwise I would have sold at the bottom
Block ends in 9 days

>> No.28594484

>>28594352
i just locked mine in im thinking of just unlocking it and selling it at $1 or some shit. i dunno i want to hold it but i dont want to lose a shit load of money if btc crashes.

>> No.28594750

>>28594484
I read some time ago that the company added/sold more tokens on purpose so they could take profit
Apparently it was public information that they would do this from time to time to be a profitable company for stakeholders and didn't know
I don't remember the link, sorry

>> No.28594779

>>28594114
Too tired rn to read but thanks for the link will look at tommorow. Looks interesting.