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re: Official CryptoTalk Thread
Posted on 2/14/21 at 11:39 am to CE Tiger
Posted on 2/14/21 at 11:39 am to CE Tiger
Like many, Just getting back into crypto since the crash. Seems like lots has changed. I’m still holding ETH, BTC, and IOTA but want to be more active again.
Can someone sum up the current landscape and what should be my next step to dive back in? What exchange is best for alts and what should I be buying?? TIA!
Can someone sum up the current landscape and what should be my next step to dive back in? What exchange is best for alts and what should I be buying?? TIA!
2
Posted on 2/14/21 at 11:40 am to Vols&Shaft83
quote:
Vols&Shaft83
Look into Bitconnect.
Posted on 2/14/21 at 11:40 am to Odinson
DeFi products unles you want to short ride new shite coins
Also LINK
Also LINK
Posted on 2/14/21 at 11:42 am to Odinson
yea we really need a fresh OP to help on board the newcomers
Posted on 2/14/21 at 12:09 pm to cajunbama
quote:
Look into Bitconnect.
quote:
cajunbama
Appears my signature is still accurate
Posted on 2/14/21 at 12:55 pm to WG_Dawg
Look at the discussion on page 1232
Posted on 2/14/21 at 12:55 pm to eng08
You talking about the Discord group?
Posted on 2/14/21 at 1:07 pm to tduecen
quote:
Just an extra layer of security really
What wallets do y’all suggest using?
Posted on 2/14/21 at 1:11 pm to finchmeister08
quote:
Can someone explain to me why I should be holding my VET, or any other currency, in my own personal wallet vs keeping it all on an exchange site? And what personal wallets are out there? What does a personal wallet do that exchanges like Coinbase, Binance, Gemini, Kucoin, etc. don’t do?
I don’t trust Uncle Sam to not get really stupid and would rather have some portion of my assets completely within my control, personally.
Posted on 2/14/21 at 2:02 pm to GREENHEAD22
I’m in both
Posted on 2/14/21 at 2:55 pm to rocket31
ROcket and CE (or others)
Explain Celsius to me like I'm 5...
What could someone make per $100k of bitcoin, eth, and USD?
Do you keep your keys or do you turn them over to Celsius?
Can you withdraw your coins at anytime?
What happens if there is a squeeze and Celsius goes insolvent?
Any other risks involved?
Sometimes when things seem too good to be true, there is usually underlying risk. I'm trying to figure out why every HODLer on the planet isn't getting "free money" from their coins. With some of the percentages I'm seeing thrown out, it is blowing my mind at how much money I could be getting here.
Explain Celsius to me like I'm 5...
What could someone make per $100k of bitcoin, eth, and USD?
Do you keep your keys or do you turn them over to Celsius?
Can you withdraw your coins at anytime?
What happens if there is a squeeze and Celsius goes insolvent?
Any other risks involved?
Sometimes when things seem too good to be true, there is usually underlying risk. I'm trying to figure out why every HODLer on the planet isn't getting "free money" from their coins. With some of the percentages I'm seeing thrown out, it is blowing my mind at how much money I could be getting here.
This post was edited on 2/14/21 at 2:57 pm
Posted on 2/14/21 at 3:08 pm to TigerTatorTots
You turn them over to Celsius. They are basically taking your money and doing whatever the frick they want with it to make more APY then they are paying you. You can withdraw your coins within 24 hrs in most cases. I have my stuff set to HODL mode which means i need a seed phrase to get any of my stuff out and turn off hodl mode. There are risks but as of today Celsius has over 8 billion in total assets. Im thinking they are here for the long haul. Celsius is also in the process of offering up insurance on the deposits but thats a few months away.
I was looking into Gemini Earn and they basically are lending the coins out to Genesis Trading. So basically if you trust these guys then you trust Gemini Earn. Its no different then buying BTC on Robinhood or PayPal really.
100,000 in BTC would you get you close to $400 a month paid out weekly.
Im actually watching this video now to understand it more.
LINK
I was looking into Gemini Earn and they basically are lending the coins out to Genesis Trading. So basically if you trust these guys then you trust Gemini Earn. Its no different then buying BTC on Robinhood or PayPal really.
100,000 in BTC would you get you close to $400 a month paid out weekly.
Im actually watching this video now to understand it more.
LINK
Posted on 2/14/21 at 3:14 pm to CE Tiger
I'm trying to balance the risk/reward in my head right now because that is some serious extra money for my stack that is just sitting on a cold card. I need to read up on more of the naysayers and then see what the pro people respond to refute the naysayer points.
Posted on 2/14/21 at 3:18 pm to TigerTatorTots
So the Chainlink team has a btc and Eth stored in Celsius. I just sent a stack to do Gemini earn with. Hope it wasn’t a mistake .
And PS my hands sweat like a mofo when sending crypto off my ledger!!!
And PS my hands sweat like a mofo when sending crypto off my ledger!!!
This post was edited on 2/14/21 at 3:24 pm
Posted on 2/14/21 at 3:27 pm to CE Tiger
If ya decide to do Celsius use my referral: 1583461b55
Start small if ya want but when you see how easy it is your gonna want to throw a large chunk in there.
Start small if ya want but when you see how easy it is your gonna want to throw a large chunk in there.
Posted on 2/14/21 at 3:31 pm to CE Tiger
12.5% for Tether??? So if I throw $1,000 onto an exchange, buy some Tether, send it to Celsius, they will pay be 12.5% a year to get keep that Tether on their website??? Again, seems way too good to be true here
Posted on 2/14/21 at 3:32 pm to TigerTatorTots
yea the stable coin rates are crazy
Posted on 2/14/21 at 3:35 pm to CE Tiger
It makes zero sense to keep any money in USD in a bank at 12.5% for stable coins
Posted on 2/14/21 at 3:37 pm to CE Tiger
quote:
You turn them over to Celsius.
be careful giving your keys away!
Posted on 2/14/21 at 3:38 pm to TigerTatorTots
Yea you could get a damn Heloc and dump it all in stablecoins 
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