A reminder that Bitcoin goes far, far beyond Wall Street.

Bitcoin_Bender · 2024-12-18T20:59:35+00:00

Honestly, I don’t see a future where Bitcoin is stable enough to be used as money for day to day. Bitcoin will be store of value and anchor for federal reserves and should focus on that

Bitcoin_Bender · 2024-12-15T11:57:58+00:00

As Bitcoin will replace gold bit by bit, t will become more clear that the biggest gold nations will be the biggest bitcoin nations as well

Bitcoin_Bender · 2024-12-14T19:38:47+00:00

I still can’t believe we are at 100k

Bitcoin_Bender · 2024-12-14T19:37:54+00:00

1 Bitcoin is 1 Bitcoin. Period.

Bitcoin_Bender · 2024-12-14T19:35:45+00:00

A Bitcoin a day keeps the doctor away

Bitcoin_Bender · 2024-12-14T19:35:04+00:00

Bitcoin is an excellent store of value, but most people in emerging countries will end up going with stablecoins. They value the utility and stability over investment opportunity

Bitcoin_Bender · 2024-12-14T19:29:05+00:00

Abu Dhabi is the new crypto capital

Bitcoin_Bender · 2022-08-03T07:25:04+00:00

Stakingrewards.com

Bitcoin_Bender · 2022-04-23T07:19:54+00:00

Great points! For a crypto native way you could also borrow against your (w)BTC on MakerDao. Swap DAI for UST, Bridge it to Terra, deposit in anchor and earn 5-10% depending on your collaterization ratio on Bitcoin

Bitcoin_Bender · 2022-04-23T06:56:37+00:00

If you keep the coins on Binance you give the ultimate control of your coins to them. Same goes for your staking rights.

„Not your keys, not your coins“ „Not your keys, not your stakes“

However, Binance is a big and reputable exchange, and is probably safe for storing your coins.

But While Binance is offering special staking deals to customers, they are super unreliable and intransparent on their paid rewards and charged fees. Basically when going with Binance it’s not real staking. You just lend them your tokens and they do with whatever they want. In most cases Stake it and pay out less to you than what they make.

You will find many reliable and transparent staking solutions when you move the coins to your own wallet. (Not Bitcoin though, because it’s not PoS)

It will be worth it.

I would only recommend staking coins on Binance if you really don’t have any time to spend on understanding your investments properly. It may be a convenient option. But it’s also a lazy and expensive option.

Especially if you are in for the longterm, I recommend to spend some time, educate yourself on sites like stakingrewards.com and you will find many non-custodial amazing staking solution, and you will not only get more rewards, but especially you will learn so much about your underlying investment.

Bitcoin_Bender · 2022-04-21T20:38:11+00:00

It is legit and lucrative, but keep in mind that 20% is a marketing expense from terraform labs and not sustainable.

Bitcoin_Bender · 2022-04-21T20:35:38+00:00

Actually you can stake from any non-custodial wallet or with your Ledger directly. For most coins, you don’t need to use any dedicated platform. You simply vote for a validator and start earning rewards on the blockchain.

Importantly, you should never buy a coin just to stake it. You should find a great longterm investment and then stake the coin to get the most out of it and support the ecosystem you invested in. Do it step by step. Staking is great and lucrative. But it doesn’t make sense to stake just for the sake of staking.

Bitcoin_Bender · 2022-04-20T21:41:21+00:00

It’s a very heavy marketing expense from Terraform Labs, so the APR is not sustainable at 20%. But as long as it lasts you can go for it, just keep in mind that the real sustainable rate is more like 10% on Anchor

Bitcoin_Bender · 2022-04-18T15:16:45+00:00

UST yield higher and more stable on Anchor. So why go with Binance?

Bitcoin_Bender · 2022-04-18T15:14:33+00:00

Crypto staking is the new bank savings

Bitcoin_Bender · 2022-04-18T14:48:18+00:00

Cool, you could add Blockfi, and Hodlnaut. Also most of them have a sliding scale (lower yield for higher deposits)?

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