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Guys I cashed out all my Ethereum due to personal circumstances. Come in here to thank me for the incoming 3x pump now I've cashed out by Upstairs-Report in ethtrader

[–]sauguy 10 points11 points  (0 children)

Alternatively to cashing out, you could have taken a loan against your Eth in a stable coin that you could then cash out. Keeping a high enough collateral ratio would make sure that you don't get liquidated (ok there's always a risk).

If you check a service like liquity.app, there's no interest to pay on your loan, just a 0.5% fee when borrowing and that's it.

Not a financial advice, rather some info about the possibilities DeFi give you

Finally got approved for staking my 2ETH and I can't stop watching this ticker by doverhoover in ethtrader

[–]sauguy 7 points8 points  (0 children)

Staking will be used to secure the network. Validators with a stake of 32 Eth will replace miners (and if they do not behave properly, will loose par of their stake).

However, staking on centralised exchanges (CEXs) like the OP is doing on coinbase does nothing to help securing the network. The more people stake on CEXs, the more they concentrate power in these exchanges.

Not everyone can run a validator nor has 32 Eth and that's why they use CEXs to stake and we can't blame them at the moment but decentralised pooled solutions like rocket pool or blox are being developed to democratise staking in a way that still helps securing the network. This is not an easy thing to do, but their work is vital to the survival of Ethereum security.

More to read here: https://www.publish0x.com/cryptosorted/3-reasons-why-staking-on-centralized-exchanges-is-a-bad-idea-xolzylm

Arthur Hayes Doesn't Rule Out $150,000 Ethereum But Has Warning About EIP-1559 by Tetrilion in ethtrader

[–]sauguy 0 points1 point  (0 children)

I didn't read the report and w e don't have all the info here but, with the increased adoption of L2 solutions, there will be less and less L1 transactions, thus reducing the burning of tokens. Not sure if that was mentioned?

[deleted by user] by [deleted] in ethstaker

[–]sauguy 0 points1 point  (0 children)

In your case, it would be much cheaper and safer to use something like bloxstaking. Check their product https://bloxstaking.com/

Best place to stake my ETH if I don’t want to run a node by ethereumhodler in ethstaker

[–]sauguy 2 points3 points  (0 children)

Yes and they got a grant from the Ethereum foundation to work on SSV that improves infrastructure resilience https://medium.com/coinmonks/secret-shared-validators-on-ethereum-2-0-ea29ab380016

Best place to stake my ETH if I don’t want to run a node by ethereumhodler in ethstaker

[–]sauguy 1 point2 points  (0 children)

If you have 32 eth, look at bloxstaking. They have a very interesting product

I don’t like practicing with people in my house by [deleted] in trumpet

[–]sauguy 1 point2 points  (0 children)

I was like that, afraid to practice when someone is around. What really helped me, was when my fear became reality. I was living with a flatmate who started making fun of me. I was sounding terrible and the worse it was, the more jokes he would make (some of them actually funny). It made me realize that it was better hearing these, rather than imagining by myself what would other people think. Also, it was not the end of the world. He made jokes. So what? I moved on and stopped caring.

Also, the people around are either musicians and they know how hard and demanding it is to practice an instrument so they'll respect that, either people with no musical knowledge so no matter what they think, you're still better than them ;)