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/biz/ - Business & Finance

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30077932 No.30077932 [Reply] [Original]

>put 51k link on blockfi
>get suddenly incredible anxiety lasting for the few hours i put it on there
>can't even withdraw it for a week now

someone please assure me that transfering this amount from binance was the correct move. i didn't trust it either but their withdrawal process was smooth as fuck without worry. now im locked in. some basic calculations indicate i will earn 233 link aka 6500$ usd a month. it really can't this easy right? why does it feel so bad

>> No.30078042

You might get rugged.

>> No.30078221

>>30078042
Still better than binance right

>> No.30079524

>>30078221
Its all the same bro
I honeslty can’t couldnt sleep if I had my stack on a cex

>> No.30079613
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30079613

>imagine not controlling your own keys
NGMI anon

>> No.30079735

>>30077932
You have over a million dollars in link and you are risking it on blockfi to earn more link?
I think it's fine but kinda retarded at the same time

>> No.30079738

>>30077932
Wouldnt it be better to split it between nexo celsius coinloan youhodler and blockfi?

>> No.30079818

Better % on youhodler

>> No.30079985

>>30079735
Yeah I think once I forget about it I'll fr better. I kept it on binance for 3 years so... And at least blockfi is us based

>>30079738
No they're all scams

>> No.30080052

>>30079818
Is it safe though?

>> No.30080128

>>30077932
this was probably a mistake, literally never even heard of this cex

only places i would send my linkies is chinkbase or coinbase

>> No.30080137

>lending your precious linkies to a platform that does not use link to protect against exploits
interesting

>> No.30080152

>>30077932
Blockfi is the safest of these types of companies but I'm pretty sure Nexo offers slightly better APY for LINK.

>> No.30080174
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30080174

Anyone else having problems with logging into Blockfi right now? Is this the rugpull?

>> No.30080319
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30080319

>>30080174
I would rugpull if some idiot deposited 51k stinkies to my wallet

>> No.30080452

>>30080152
Yeah that's what I assumed since they at least have an office u can drive to, unlike Celsius. Ill honestly don't know how to use a wallet so my next best option is to pick the safest cex.

>> No.30080494
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30080494

>>30079985
NGMI

Binance is awesome, but fuck having anywhere near that amount sitting on an exchange.

>> No.30080528

>>30080174
lol blockfi is backed by gemini and coinbase. don't expect it to go down so easy. i was able to log on btw. try again

>> No.30080602

>>30080452
Not just that but they have the most legitimate backing and safer ways of generating revenue, with arbitrage being one of them. They aren't just lending out money to degenerates.

>> No.30080723

>>30080494
I mean for 3 years nothing happened. Again I'm only asking if binance is more reliable than blockfi but it doesn't make a difference if I'm just going to gtfo in 2 years when staking is live