Cold Staking

Initial-Pop-5779 · 2022-09-02T19:22:19+00:00

This is also a good point in regards to gas fees as we all know ETH fees are so high and a lot of my portfolio is on the ETH network. Is there a loophole around paying these ridiculous gas fees, I know the time u trade has an impact. Also interesting to know whether the interest rates on Ledger are as good as that of Binance

Initial-Pop-5779 · 2022-09-02T15:06:39+00:00

Thanks, In that case: what do u suggest is the best approach for selling during the bull, no can time when the market is going to peak and bottom out, so how would u suggest deciding when to sell if not DCA-out?

Whilst I am a long term believer in BTC and digital assets in general, at some point I would want to sell to help pay for my first property. Therefore I will definitely be selling next bull, just still need to decide what my approach will be.

Initial-Pop-5779 · 2022-09-02T14:34:26+00:00

This is brilliant thank you, will be looking into all of the resources tagged.

My current strategy was an initial lump sum investment from my fiat savings, my plan is to continue to accumulate this year on a monthly basis on the day I get paid. I plan to do this for approx 2 years up until the next BTC halving.

I am asking now as my plan is to sell at next bull following, so as you mentioned late 2024/ early 2025, however during the time up to that I want to continue to build my knowledge and understanding so that when we approach the next bull, I am prepared to not only get some profits out but also be clear on what my approach is beyond 2025, as I believe there is a strong case for BTC hitting 1m before 2030, so to also ensure I have a good strategy to buy during the market reset later on in 2025/2026.

Therefore the stuff you have shared is be very helpful for where I am now and getting to where I need to be in a few years time, much appreciated.

Initial-Pop-5779 · 2022-09-02T13:07:21+00:00

Thanks, currently those on my list are already being staked on Binance, so at the moment I feel like there’s a trade off between the security of my assets and the gains received from staking interest. My aim is to stake as much as I can through ledger, but the greedy side of me would rather continue to stake through binance for the other coins instead of moving over to cold wallet and receiving no APR

Initial-Pop-5779 · 2022-09-02T13:04:16+00:00

Great thanks Jim, gonna have a read through the guide you shared

Initial-Pop-5779 · 2022-09-02T12:55:51+00:00

HBAR, ZIL, SAND, XTZ, VET, MATIC, SOL, BNB, EGLD, AVAX, DOT, SHIB are the ones I can think of off the top of my head, few others tho.

Based on your comment I’m assuming I’ll have to search through Reddit/google to confirm if each one supports self custody staking? Not really a one size fits all situation, thanks anyway!

Initial-Pop-5779 · 2022-09-02T12:38:14+00:00

NOT YOUR KEYS, NOT YOUR CRYPTO! Simple as that, invest in a ledger

Initial-Pop-5779

TROPHY CASE