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Ke1t

By Ke1t,
in The Pub

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Arabian Knight
Arabian Knight

bluto yer an absolut cunt

The beard of mcinnes
The beard of mcinnes

This place is to some degree a free for all @mods  But I think the line has to be drawn somewhere and attacking someone over their mental health, because of an ailing (dying) father is so fucking

dazzy_deff
dazzy_deff

Being a cunt.

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Bebo Mentor

Bebo

Posted
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Posted
21 minutes ago, Parklife said:

How does that work? Are my coins at risk from doing it? 

The whole point of ADA is proof of stake. You delegate your coins to make the network function, and gain more ADA as a reward for it. Eth is moving to this too.

Over 70% of all the ADA in circulation is currently staked and earning interest.

When you stake on an exchange, you lock them in a fixed term for 30, 60, 90 days etc for varying amount of interest rates, with increasing rates depending on how long you locked them for, earning you more ADA the longer its locked.

Risk free as long as the exchange doesn't go bust, i guess. So the same amount of risk if you leave them on an exchange anyway.

I stake ADA on Binance for 7.79% for 60 day locked periods. Although i do 7 or 15 days at 15%-20% when it's available.

In a non-custodial wallet, it's risk free and you don't need to lock them in but a bit more complicated than doing so via an exchange.

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Parklife Grand Master

Parklife

Posted
Posted
20 minutes ago, Bebo said:

The whole point of ADA is proof of stake. You delegate your coins to make the network function, and gain more ADA as a reward for it. Eth is moving to this too.

Over 70% of all the ADA in circulation is currently staked and earning interest.

When you stake on an exchange, you lock them in a fixed term for 30, 60, 90 days etc for varying amount of interest rates, with increasing rates depending on how long you locked them for, earning you more ADA the longer its locked.

Risk free as long as the exchange doesn't go bust, i guess. So the same amount of risk if you leave them on an exchange anyway.

I stake ADA on Binance for 7.79% for 60 day locked periods. Although i do 7 or 15 days at 15%-20% when it's available.

In a non-custodial wallet, it's risk free and you don't need to lock them in but a bit more complicated than doing so via an exchange.

Thanks for the explanation. Much appreciated. I have my coins on binance at present anyway, so will do it. I've no intention of selling over the next 60 days anyway, so may as well get a few extra for it. 

 

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Quagmire Community Regular

Quagmire

Posted
Posted
52 minutes ago, Bebo said:

The whole point of ADA is proof of stake. You delegate your coins to make the network function, and gain more ADA as a reward for it. Eth is moving to this too.

Over 70% of all the ADA in circulation is currently staked and earning interest.

When you stake on an exchange, you lock them in a fixed term for 30, 60, 90 days etc for varying amount of interest rates, with increasing rates depending on how long you locked them for, earning you more ADA the longer its locked.

Risk free as long as the exchange doesn't go bust, i guess. So the same amount of risk if you leave them on an exchange anyway.

I stake ADA on Binance for 7.79% for 60 day locked periods. Although i do 7 or 15 days at 15%-20% when it's available.

In a non-custodial wallet, it's risk free and you don't need to lock them in but a bit more complicated than doing so via an exchange.

I think its 7.79 APY so doesn't work out as 7.79% over 60 days? I could be wrong though. 

31 minutes ago, Parklife said:

Thanks for the explanation. Much appreciated. I have my coins on binance at present anyway, so will do it. I've no intention of selling over the next 60 days anyway, so may as well get a few extra for it. 

 

I would think about setting up a stop loss around about the 12th September. Generally when a big event happens (like smart contracts going live) the market pumps then dumps around that time. If it does dump 30-40% and you set up a stop loss for around -10% of the price then you'll make more Cardano than you would by staking by buying back in lower than it dumps. Its risky but that's why you stick a stop loss in if it starts to fall too fast for you to react. It will recover either way so there's no risk staking and forgetting about it. 

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Bebo Mentor

Bebo

Posted
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Posted
25 minutes ago, Quagmire said:

I think its 7.79 APY so doesn't work out as 7.79% over 60 days? I could be wrong though. 

 

I did mention that in my initial comment:

2 hours ago, Bebo said:

If you have Cardano (ADA), make sure you're staking it on an exchange like Binance or a non-custodial wallet to earn 5-7%+ APY.

 

Speaking of staking, i've found Algorand (ALGO) has one of the easiest and most seamless staking experiences. Stick it in the wallet and it automatically stakes rewards without faffing.

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Ke1t Grand Master

Ke1t

Posted
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Posted

What's everyone doing with their The Cardanos (ADA)?

Seems to be massively underperforming, not disastrous but way below what I demanded when I threw cash at it. 

Thinking about bailing this fucking popsicle stand and buying The Bitcoins or The Ethereums instead. 

But if I do it I know The Cardanos will blast off for the Moon. 

The cunt. 

What say the The Cardano hodlers? 

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Redforever86 Grand Master

Redforever86

Posted
Posted
8 minutes ago, zeroisgod76 said:

Buy the dip. Get in while the price is low.

I had 150 million Shiba that i bought last Summer for about £650 and sold in October for £8500.

The money has been sat waiting for the right time to buy back in and i have decided that today is the day.

SHOW ME THE MONEY!!

Fit coin you putting it in? 
 

I agree this is the time to punt again. 

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zeroisgod76 Grand Master

zeroisgod76

Posted
Posted
1 minute ago, Redforever86 said:

Fit coin you putting it in? 
 

I agree this is the time to punt again. 

I have a really good vibe about Casper (CSPR). The creators Casper Labs have so much in the pipeline over the next year.. Was up around 15p each back in October / November and is down to 2.5p each today. Definitely worth a punt in my opinion. Only 4.8 billion circulating so no reason why when Crypto bounces back that the price wont get back to at the least where it was in November.

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manboobs109 Grand Master

manboobs109

Posted
Posted
2 hours ago, zeroisgod76 said:

I have a really good vibe about Casper (CSPR). The creators Casper Labs have so much in the pipeline over the next year.. Was up around 15p each back in October / November and is down to 2.5p each today. Definitely worth a punt in my opinion. Only 4.8 billion circulating so no reason why when Crypto bounces back that the price wont get back to at the least where it was in November.

No reason?

Lol

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