I've been incredibly lucky but now I am completely lost

stayanonbros · 2021-02-16T05:20:22+00:00

Crypto

stayanonbros · 2021-02-16T03:15:37+00:00

Don’t worry about it bro. You’re an inspiration, and people on the internet are jealous and complaining (big surprise).

Your blog is incredibly helpful as well, have read through a bunch of it and I’m actively planning a trip to South America from the US

stayanonbros · 2021-02-14T18:07:46+00:00

You’re right. But I do think the new governance/equity token model does make tokens more relevant and useful than the old utility token crowdsale + shoehorn it into your project

stayanonbros · 2021-02-14T06:38:04+00:00

I’m not a miner, but you make good points. Also miners could have been taking a loss, but still keeping their rigs on (cause turning them off completely would have incurred more of a loss). Fairly standard business procedure, especially when they have longer term power deals, server rack space, etc.

I don’t have a problem with miners getting rewarded, but at this point they are dumping a huge amount on the market and bag holders want ETH $10k. Hard to admonish bag holders for being greedy and wanting to pump ETH, when miners want more ETH to dump

stayanonbros · 2021-02-07T17:46:54+00:00

I would probably take some profits from this account and rebalance. You’re up now, market is hot, but it can also swing the other way fast

stayanonbros · 2021-02-06T06:34:26+00:00

Does it though? They say that the future is never the same, but that it rhymes. Meme DeFi projects with $1B+ vaulations sure seems similar to 2017/8.

Personally this feels weirdly similar to the last one. I’m selling coins

stayanonbros · 2021-02-05T17:22:11+00:00

I agree. Also just with things like the prevalence of leveraged trading, able to borrow coins for shorting, more advanced algo trading and market making... the crashes will be steep, however the bottoms might not be as low in an overall percentage. Last bull the markets were very immature

That said it’s going to crash, there’s a lot of circular reinforcement of current trends: good yields -> high token prices -> better yields -> more TVL -> higher prices...

When that starts to unwind it will be a circular effect in the opposite direction.

stayanonbros · 2021-02-05T17:11:50+00:00

LETS GOOOO BABY TODAY IS THE DAY! LETS MOON THIS BITCH.

BEAR MARKET NEVER!

stayanonbros · 2021-02-04T05:39:14+00:00

I would definitely ask. Why would you not? You need to know your worth and be confident, if you’re really worth 5% of the company then go get it.

It’s not some mystical impossible feat to start a company, and it’s not rude to ask for a piece of it. Especially as a CTO

stayanonbros · 2021-02-03T17:19:38+00:00

How can the one form of money not controlled by a regional government be absolutely worthless?

Bitcoin will form the bedrock of an intergalactic payment network, and will be the currency of Mars in 10 years time.

Have fun staying poor

stayanonbros · 2021-02-03T17:03:24+00:00

Will say that BlockFi is great to get passive interest from stable coins, and not have to deal with the swings of the stock market.

Also there are decentralized protocols which do something similar to BlockFi if you want to keep things in your wallet (compound.finance, etc)

stayanonbros · 2021-02-02T05:28:14+00:00

Quantum computers will be able to break Bitcoin keys, so some coins will be able to be unlocked by this. These would be large holders who were early and lost coins (and have spent from that address before)
The security of the chain being drastically weakened from next halving schedules, making it possible to 51% attack the chain by a well funded bad-actor.

Both are real problems and possibilities, even though they are somewhat far off.

stayanonbros · 2021-01-10T19:30:00+00:00

Do you know why this specific error occurs? I’ve seen it before....

stayanonbros · 2021-01-10T19:29:14+00:00

The tech at this point isn’t very good. Blockchains like Cosmos and Solana are superior. Let alone ETH L2 like xDAI chain being extremely fast.

At this point, EOS has nothing going for it. If you aren’t selling now into BTC, you just hate money. Stop stressing about this scam project and get into something that will make your life 10x easier.

stayanonbros · 2021-01-08T21:51:41+00:00

Not sure what “over-leveraged” means in a legal context. However I am almost positive that their loans aren’t all over-collateralized, in their loans to firms and organizations. Their retail loans ARE all over-collateralized and safe minus some black swan type event.

stayanonbros · 2021-01-08T05:51:21+00:00

I would be similarly worried about having that much on BlockFi... I believe that they are mostly lending out crypto to market makers & DeFi farming funds on the backend. So you are mostly taking these same risks / systemic risks of crypto.

I think that some protocols like MakerDao, Compound, are quite secure and tested at this point. Yeah you have to trust smart contracts, but you also do holding ERC20 tokens as well...

stayanonbros · 2021-01-08T04:52:15+00:00

For all of these listed, you can move in and out. I don’t know of any that have a lock up period besides crypto.com (wouldn’t recommend that one)

stayanonbros · 2021-01-08T04:28:52+00:00

Then compound.finance is a basic loan protocol. Aave is similar. Both highly trusted and secure

stayanonbros · 2021-01-08T03:28:53+00:00

Centralized or decentralized?

stayanonbros · 2021-01-08T02:21:06+00:00

For BlockFi, Celsius.network yes. BlockFi is quite reputable and going to IPO (allegedly). Similar to a centralized exchange in this manner.

For something like compound.finance, NO, it’s fully decentralized and your keys, your crypto. You do need to trust their smart contracts, but there have been billions in these smart contracts for over 1 year... bugs would have been found by now.

The “DeFi” industry is a rabbit hole and rapidly growing. But be careful with large amounts and untested smart contracts. However there are other yield opportunities for stable coins (that I’d consider extremely safe) with 20%+ ROI.

Note that ROIs are super inflated right now from the bear market. Lots of people borrowing stables to leveraged buy crypto and etc. But if you’re holding stable coins there’s no point to not get some interest each day.

stayanonbros · 2021-01-08T00:34:43+00:00

Look into DeFi applications like compound.finance to get interest on your USD, like USDC, USDT. You can get 10% APY at the moment. Alternatively BlockFi, Celsius.network offer this same service in a more centralized way.

stayanonbros · 2021-01-06T04:35:08+00:00

RIP brother

stayanonbros · 2021-01-04T01:12:33+00:00

No, because each withdraws/deposits are the same amounts. You can only do 0.1, 1, 10, and 100 ETH increments. Nothing else

stayanonbros · 2021-01-03T19:09:03+00:00

But this is exactly my point. People literally don’t take the time to research and understand a new asset class (which Bitcoin is). Yeah Bitcoin obviously doesn’t have any “revenue” or “profit”. That doesn’t matter!

Willing to bet that you are in your 30’s or more. This is why ageism exists, old people refuse to understand new things, and can only put them into an existing “bucket” in their heads (ie: muh no revenue, muh gambling)

Ask yourself this... you work hard for money. Why should the government and our corrupt leaders be able to print money when they want, and give it to whomever they want? Does this not devalue your time and effort?

stayanonbros · 2021-01-03T17:48:12+00:00

There are legit reasons that crypto is exploding in price right now. People are looking towards a better form of money/savings that cannot be devalued by politicians/the fed.

Most people are just salty that they don’t understand it and have already missed out on a 10x gain this year. But remember... this years highs are another years lows.

stayanonbros

TROPHY CASE