fuck i still want to scream every time I look at those wicks
Since iām more of longterm holder, i really should probably try to figure out how DeFi works and start earning interest on my BTC or ETH. Do you know where I should start if I want to fuck around with that @6ix ?
Are you thinking of lending like Blockfi or providing for a liquidity pool?
i dont know, i just wanna earn interest on my crypto holdings if Iām gonna be holding them anyway. preferably not on something thatās gonna be rug pulled or something. I saw coinbase lets you stake ETH on there so maybe thatās an option, idk. But thatās only for ETH, dunno what options are there are for Bitcoin. Gemini Earn says 2% but feels like maybe there should be higher than that? I donāt want any risk of liquidation or anything like that
You probably guessed this but the interest rates are going to correlate to risk of liquidation, and every defi exchange has different protocols. This is a pretty good technical breakdown:
You probably want to go with something safe like the Gemini or Coinbase (although Iām pretty sure thereās a waitlist for coinbase still) low % because 1% is still way better than nothing.
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so thatās why crypto has been tanking
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lolol I donāt mean now vs these GTO dream machine assassins, I mean back when people played
donāt destroy my mental image
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As 6ix mentioned, Blockfi is an option for earning interest on your BTC (and ETH as well). Itās wasy to set up and use, but itās not DeFi.
This is a finance thread about cryptocurrency discussion. Your āadviceā was baseless assertions about what money and crypto are, in a crypto thread. I am now discussing it.
Itās probably a sign of how flustered I was that I even mentioned that; Iāve only alluded to it maybe once or twice in all the time Iāve posted.
Iām not a fucking maniac so I get it, and even mentioning in passing that I think things are unethical almost amounts to Guy In Well,
but the arguments are the standard ones, that Iām sure you could go to any leftist reddit right now and see anarchists and commies arguing with each other about: This whole system is propped up by a vast amount of people who toil every day and will never have even a 401k or Roth or any notable investment, and every dollar you/me/whoever makes from The Economy improving comes from exploiting them and the surplus value they create. I understand the counterarguments and I even find them compelling, especially in theory, like, somebody investing in the economy is way more of a hypothetical Job Creator than those who currently assign that label to themselves (I donāt know if the Fox news crowd still fancies that particular name but the concept remains the same), I just donāt find them compelling enough.
The problem for me is that even if Iām objectively correct, it doesnāt change the fact that we all have to participate in society, and Iām not going to tell a HS teacher with a NUMBER(letter) pension plan that theyāre a grotesque and shameful parasite. And I certainly donāt want anybody here to think Iām silently judging them because I truly am not. Itās just a personal thing to me, something Iāve never done and will never do.
This is where I might be a mess of contradictions due to potentially building up a big lie Iāve told myself, but itās not that I think itās more ethical, itās that I think itās so many degrees removed that it becomes a separate class, comparable to defining whether poker is or isnāt unethical. And yeah, Iām not sure how to factor that one. I feel like one has to go out of their way to play poker or trade crypto, and at that point itās just two gamblers gambling on something. I donāt want to buy an APPL or AMZN share because that share rising in value means something I believe is evil and shouldnāt exist is doing the opposite, but me taking some greedy idiotās money is a separate paradigm.
Lol see above, I mean, yeah, as opposed to what?
The electricity argument is just so, so bad, to the point that a lot of sharp people should be ashamed for making it, even if theyāre correct at the root.
Itās not:
I think bitcoin is dumb because it is a waste of electricity.
It is:
I think bitcoin is dumb therefore it is a waste of electricity.
Of course if you think something is dumb and valueless you will then think itās a waste of electricity, thatās how the whole thing works. People waste/āwasteā obscene amounts of electricity putting up Christmas lights and weāre left trying to quantify the value of a childās smile. Come on now.
I donāt think smartphones should exist. What were idiots doing before them instead of playing flappy and angry birds? They werenāt reading books. Staring into space and drooling? Letās go back to that and save untold amounts of resources. But Iād feel real silly if I tried to finesse a question begging with āomg look at all the electricity and resources wasted making and using smartphones!ā
Itās exactly that. Iām surprised I havenāt said this considering all the posts Iāve made in this thread, but the analogy for bitcoin isnāt digital gold or any other mineable commodity, itās digital land, in the sense thatās there a fixed supply and vast fortunes were made by simply being the first to stand on some; weāre in the process of deciding how valuable that land is.
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Yeah, I did ask a question about non-crypto investing which was, in hindsight, uh, way too vague.
Yes itās very deep to go into a thread titled Cryptocurrency Discussion to share that you invest in buying fruits and āskillsā. And then assert something stupid and vague to the point of meaninglessness about Cryptocurrency. I donāt get it because I canāt go as many levels deep as you.
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sounds like sarcasm
Enter your current age.
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This is the return your investment will generate over time. Historically, the 30-year return of the S&P 500 has been roughly 12%.1
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In 30 years, your investment could be worth:
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Itās important to understand that this does not include inflation or taxes and your final outcome will vary dramatically on how the market performs in the final few years of your investment when your position is largest.
Interesting.
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In 30 years, your SafeMoon investment could be worth:
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I know some prefer empty blather like ābitcoin is dustā and āwhatās, like, the value of btc?!ā but if you want perspective/analysis on the last week:
I just got done watching The Big Short again a few minutes ago. And I think I was gonna queue up Margin Call.
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and weāre back to shit again I see
the bitconnect people get charged and crypto immediately falls 10% huh
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