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Title: Gambling by Staking,EOS and TRON, How do we do it? Post by: iagyei259 on January 11, 2019, 03:40:37 PM I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.
Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: mOgliE on January 11, 2019, 04:37:34 PM I don't even understand your question.
What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: adaseb on January 12, 2019, 06:40:43 AM I don't even understand your question. What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo Those coins are not mineable but if you own some EOS or TRON then you can make some extra money by staking them. When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money. This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: stomachgrowls on January 12, 2019, 11:30:22 AM I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated. Im not sure Tron staking but with EOS i do remember with Betdice gambling site which gives you some staking. Try to visit this link for further info. https://medium.com/@ryancharleston/how-im-still-winning-in-a-crypto-bear-market-with-betdice-eos-staking-dividends-6fce20ae034e Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: mOgliE on January 12, 2019, 11:32:57 AM Those coins are not mineable but if you own some EOS or TRON then you can make some extra money by staking them. When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money. This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much. Ok thanks. So that's not at all gambling and the post shouldn't be here I guess it goes in the altcoins sections? Maybe the technical one if he wants the detail actions of how to do this? Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: deisik on January 12, 2019, 03:59:06 PM When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money. This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much. 5% a year taken on its own doesn't look very appealing On the other hand, if you make it part of some sophisticated strategy, it may be at least worth looking into. Regarding hedging, I don't think you will have to pay much as interest (definitely less than 5%) as these coins are not wildly popular for margin trading Technically, it may be worth the money and effort if it is kind of shoot and forget thing. But how safe would those coins be if you are going to stake them? I mean, are they backed up by the blockchain itself or it still involves a third party, which can run away with your money at the end of the day? Sorry, I'm not very familiar with the matter, so bear with me Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: bitcoin31 on January 13, 2019, 03:26:00 AM I don't even understand your question. That's right bro, I can't understand what the question is all about also. Eos and Tron is both coins they are maybe use to gambling in the future. What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo Inase that the OP want to use their Eos and Tron she need to take a search about that to knkw what gambling site that accepting Eos and Tron so they can play of what she ever what they want to do to their coins. Next time please be sure that the information that given will be understand so that the people here gives information to you also. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: Ziskinberg on January 13, 2019, 03:56:23 AM I don't even understand your question. What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo Those coins are not mineable but if you own some EOS or TRON then you can make some extra money by staking them. When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money. This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much. What I mean is that people who are in crypto right now are more comfortable with the present system, they deposit money with popular coins also like BTC and ETH, and they play. Also, for some gambling sites who offers investment, they can put money as well. This is just complicated for a typical crypto gambler, it has a lesser chance to survive in the market IMO. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: Caladonian on January 13, 2019, 05:13:58 AM I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated. Im not sure Tron staking but with EOS i do remember with Betdice gambling site which gives you some staking. Try to visit this link for further info. https://medium.com/@ryancharleston/how-im-still-winning-in-a-crypto-bear-market-with-betdice-eos-staking-dividends-6fce20ae034e it is still gambling but we all knew that chances for winning is always greater for the house against the players. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: adaseb on January 13, 2019, 06:20:20 AM When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money. This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much. 5% a year taken on its own doesn't look very appealing On the other hand, if you make it part of some sophisticated strategy, it may be at least worth looking into. Regarding hedging, I don't think you will have to pay much as interest (definitely less than 5%) as these coins are not wildly popular for margin trading Technically, it may be worth the money and effort if it is kind of shoot and forget thing. But how safe would those coins be if you are going to stake them? I mean, are they backed up by the blockchain itself or it still involves a third party, which can run away with your money at the end of the day? Sorry, I'm not very familiar with the matter, so bear with me If you go to https://www.bitfinex.com/stats And look at EOS, currently it costs 0.022% per day to margin trade it. Its basically what he would need to do to make sure the value of the underlying doesn't decrease since his primary focus is to make money and not to accumulate more EOS. So 0.022% is about 8% per year, so if he staked his entire account balance, got 5% in staking revenue, he would be at a loss so he can't hedge against the underlying falling. Yes I understand sometimes the rate is lower but sometimes its also higher. This is somewhat considered "gambling" since its not considered risk free. He just needs to hope that EOS, doesn't crash in the next year so he could earn 5% off staking. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: deisik on January 13, 2019, 09:15:04 AM When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money. This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much. 5% a year taken on its own doesn't look very appealing On the other hand, if you make it part of some sophisticated strategy, it may be at least worth looking into. Regarding hedging, I don't think you will have to pay much as interest (definitely less than 5%) as these coins are not wildly popular for margin trading Technically, it may be worth the money and effort if it is kind of shoot and forget thing. But how safe would those coins be if you are going to stake them? I mean, are they backed up by the blockchain itself or it still involves a third party, which can run away with your money at the end of the day? Sorry, I'm not very familiar with the matter, so bear with me If you go to https://www.bitfinex.com/stats And look at EOS, currently it costs 0.022% per day to margin trade it. Its basically what he would need to do to make sure the value of the underlying doesn't decrease since his primary focus is to make money and not to accumulate more EOS. So 0.022% is about 8% per year, so if he staked his entire account balance, got 5% in staking revenue, he would be at a loss so he can't hedge against the underlying falling. Yes I understand sometimes the rate is lower but sometimes its also higher The catch is that I actively use Bitfinex for hedging myself That basically means I know first-hand which rates you actually get there if you are involved in this kind of thing. So it is not like sometimes the rate is lower and sometimes higher. To be more specific, now I have bitcoins borrowed for one month with an interest of 0.002501% daily (which is below 1% yearly), zcash borrowed for a month with an interest of 0.001101% daily (around 0.4% yearly). And with EOS specifically, interest rates can be completely irrelevant, something like 0.0000023% daily https://b.radikal.ru/b32/1901/a6/2e4569bd8af5.png Just in case, there were times when I borrowed bitcoins with as low an interest as 0.000079% daily Next time please be sure that the information that given will be understand so that the people here gives information to you also It looks like you should consult a grammar guide before giving out advices like this one Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: mindrust on January 13, 2019, 09:21:12 AM This is somewhat considered "gambling" since its not considered risk free. He just needs to hope that EOS, doesn't crash in the next year so he could earn 5% off staking. Actually trusting EOS (TRON too) is the biggest gamble ever here. Most shitcoins have limited supply but there isn't a limited supply on the number of shitcoins. That's why coinmarketcap's top 20 list changes constantly (except for bitcoin) for the last 10 years. If you are going to stake (i use this term as the same meaning as holding here) a coin, stake Bitcoin. Go own all the feathercoins (https://coinmarketcap.com/currencies/feathercoin/)if you like now. Damn thing is dead and while EOS itself started as a scam, I wouldn't be surprised if it leaves the top 20 list in a year or so. Especialy while there are legit scam accusations like these: https://medium.com/swlh/are-the-collusion-allegations-on-eos-true-is-eos-ico-a-scam-complete-analysis-b71b49a0158b https://ambcrypto.com/bitcoin-btc-developer-says-eos-is-a-scam-and-the-platform-would-not-benefit-new-developers/ edit: Bonus article for TRON https://reddit.com/r/CryptoCurrency/comments/affx0v/tron_was_and_will_always_be_a_shitcoin_all_they/ https://www.theblockcrypto.com/tiny/tron-blockchain-cannot-handle-the-tokenization-of-bittorrent-claims-former-exec/ Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: coinlocket$ on January 13, 2019, 10:34:19 PM What do you mean by gambling by stacking? This not very clear question.
Do you mean gambling the earning from stacking or what? Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: stadus on January 14, 2019, 01:46:46 AM What do you mean by gambling by stacking? This not very clear question. It's staking, not stacking. ;)Do you mean gambling the earning from stacking or what? Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: deisik on January 14, 2019, 05:43:50 AM This thread is full of noise and bullshit
While OP has in fact asked a very interesting question and no one has explained anything apart from accusing and ridiculing him for not knowing what gambling is (maybe, only except for adaseb who was actually on topic). Obviously, for the lack of basic understanding what the whole point is about (e.g. stacking vs staking). If you don't care (which I understand), don't be such douchebags, really Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: stadus on January 14, 2019, 07:20:53 AM This thread is full of noise and bullshit That explains that majority of the gamblers here are not interested with EOS and TRON DApp staking games.While OP has in fact asked a very interesting question and no one has explained anything apart from accusing and ridiculing him for not knowing what gambling is (maybe, only except for adaseb who was actually on topic). Obviously, for the lack of basic understanding what the whole point is about (e.g. stacking vs staking). If you don't care (which I understand), don't be such douchebags, really It's quit new and complicated and and I suggest OP should bring this matter into their dedicated thread like EOS here https://bitcointalk.org/index.php?topic=1904415.3420, I am sure he will find more help from active members compared to this section where most gamblers played on what they get used to. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: Supercrypt on January 14, 2019, 01:36:44 PM Has anyone figured out what the question is ? I mean staking is the thing where you keep your coins in your wallet and you are getting a return from whatever coin you have, basically it is mining by just having your wallet online and having the coin in that wallet. What is that have to do with gambling at all ? Shouldn't this be on altcoins topic because it is talking about a coin and staking of that coin? What does it have to do with gambling and why is it here ?
Maybe we are looking at the question all wrong, maybe there is this question here about staking and some casino allowing you to stake while not gambling but so far from what I gather it is not talking about any casino neither and I have never seen any casino that allows you to stake while you are not gambling neither. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: deisik on January 14, 2019, 02:03:13 PM Maybe we are looking at the question all wrong, maybe there is this question here about staking and some casino allowing you to stake while not gambling but so far from what I gather it is not talking about any casino neither and I have never seen any casino that allows you to stake while you are not gambling neither. Yes, it seems that it is you who are looking at it all wrong Actually, you can find quite a few games allowing to stake POS coins like EOS and Tron. You can look here (https://app.co/categories/games-digital-assets) if you really feel interested. Some games listed there offer a possibility of earning dividend through staking, for example, this (https://app.co/app/endless-dice) one (which is a casino as requested). I can't actually say that I have already wrapped my mind around how it is supposed to work, i.e. why they are doing this kind of thing at all, but any way you look at this, it is gambling (or playing games, if you don't quite like the term) Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: Naida_BR on January 14, 2019, 05:22:54 PM I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated. Your post is not totally clear to me but I can give you two options of making passive income (at least it works at TRON). 1. You can gamble in online TRON casinos. TRON casinos act like mining places where you mine their native coins, you freeze them and you get dividend payouts based on the number of native coins you have in your wallet. Mining has to do with wagering. 2. Another option is to vote for a representative. You have to freeze your TRX balance and get a 1:1 vote. The more votes you have the more rewards you will get. You won't have a huge passive income but it is a starter. I believe you wanted to know about the 1st option, If it is not clear, I would be happy to help you more! Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: fudster on January 14, 2019, 05:41:54 PM I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated. Your post is not totally clear to me but I can give you two options of making passive income (at least it works at TRON). 1. You can gamble in online TRON casinos. TRON casinos act like mining places where you mine their native coins, you freeze them and you get dividend payouts based on the number of native coins you have in your wallet. Mining has to do with wagering. 2. Another option is to vote for a representative. You have to freeze your TRX balance and get a 1:1 vote. The more votes you have the more rewards you will get. You won't have a huge passive income but it is a starter. I believe you wanted to know about the 1st option, If it is not clear, I would be happy to help you more! Its also happening on EOS particularly on EOSbet.io which by just holding BET tokens a holder can get percentage of the daily wagered EOS in their platform. Its kind of staking so earning via dividends. Every holder gets EOS everyday depending on the volume in their casino. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: deisik on January 14, 2019, 07:06:56 PM I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated. Your post is not totally clear to me but I can give you two options of making passive income (at least it works at TRON). 1. You can gamble in online TRON casinos. TRON casinos act like mining places where you mine their native coins, you freeze them and you get dividend payouts based on the number of native coins you have in your wallet. Mining has to do with wagering What does mining have to do with wagering here? And what do you mean by mining their native coins? How is it supposed to work exactly and what do Tron coins have to do with that in the first place? If it is possible with Tron, why is it not possible with Bitcoin, for example? If I got it right, it involves POS staking but I still don't quite understand the economic model behind the operation of these casinos. Can you explain this in greater detail, please? Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: Naida_BR on January 14, 2019, 07:13:51 PM I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated. Your post is not totally clear to me but I can give you two options of making passive income (at least it works at TRON). 1. You can gamble in online TRON casinos. TRON casinos act like mining places where you mine their native coins, you freeze them and you get dividend payouts based on the number of native coins you have in your wallet. Mining has to do with wagering What does mining have to do with wagering here? And what do you mean by mining their native coins? How is it supposed to work exactly and what do Tron coins have to do with that in the first place? If it is possible with Tron, why is it not possible with Bitcoin, for example? If I got it right, it involves POS staking but I still don't quite understand the economic model behind the operation of these casinos. Can you explain this in greater detail, please? There are casino dApps in the TRON network that wagering works like mining. To be more precise, the online casino rewards you with its coin for placing bets there. When you freeze their coin, you are eligible to get dividends. For example, you get 500 X coins from wagering then you freeze these 500 and get the respective amount of dividends in TRX payout. An example of such casino is Tronbet.io you can visit their website and read more about their model. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: upsidedown75 on January 14, 2019, 08:03:38 PM Probably OP meant that going for gambling by the rewards he will be earning from staking EOS and TRON.
Moreover, he must be emphasizing about "free way of gambling" by considering staking rewards similar to freebies. Edit : There are casino dApps in the TRON network that wagering works like mining. To be more precise, the online casino rewards you with its coin for placing bets there. When you freeze their coin, you are eligible to get dividends. I just came to know about these dapps based casino and the features of wagering based mining. It seems like something new and exciting feature, every gambler will be looking to check at least for one time. Thanks for enlightening me. I'm just going to check what is it and how it will be. After checking out, let me share my experience here in more elaborated way.Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: deisik on January 14, 2019, 08:25:51 PM 1. You can gamble in online TRON casinos. TRON casinos act like mining places where you mine their native coins, you freeze them and you get dividend payouts based on the number of native coins you have in your wallet. Mining has to do with wagering What does mining have to do with wagering here? And what do you mean by mining their native coins? How is it supposed to work exactly and what do Tron coins have to do with that in the first place? If it is possible with Tron, why is it not possible with Bitcoin, for example? If I got it right, it involves POS staking but I still don't quite understand the economic model behind the operation of these casinos. Can you explain this in greater detail, please? There are casino dApps in the TRON network that wagering works like mining. To be more precise, the online casino rewards you with its coin for placing bets there. When you freeze their coin, you are eligible to get dividends. For example, you get 500 X coins from wagering then you freeze these 500 and get the respective amount of dividends in TRX payout. An example of such casino is Tronbet.io you can visit their website and read more about their model. I still can't grasp why they are doing all this I know about such apps. Actually, I'm looking into one of them called Endless Games, even though it runs on the EOS blockchain. These fellas promise hefty daily EOS dividends, and methinks it is pretty much the same with Tron here. But what are they getting out of that? Why would they want to pay dividends and even make it a selling point? Does it mean they are themselves staking EOS or Tron coins and rewarding their clientèle with part of the payment they themselves receive on the balances of their clients? Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: Idrisu on January 28, 2019, 07:52:09 AM I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated. You can make passives income from staking and backrolling and it seems more safe than direct gambling and betting. Staking is more profitable than gambling because gambling is a very risky venture and most people that did not know the risk in gambling can now make money from staking. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: romero121 on January 28, 2019, 10:39:12 AM I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated. You can make passives income from staking and backrolling and it seems more safe than direct gambling and betting. Staking is more profitable than gambling because gambling is a very risky venture and most people that did not know the risk in gambling can now make money from staking. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: Caladonian on January 29, 2019, 01:58:26 AM I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated. You can make passives income from staking and backrolling and it seems more safe than direct gambling and betting. Staking is more profitable than gambling because gambling is a very risky venture and most people that did not know the risk in gambling can now make money from staking. though small amount but passive income still far better than nothing. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: Bitum on February 19, 2019, 08:04:16 PM I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated. Your post is not totally clear to me but I can give you two options of making passive income (at least it works at TRON). 1. You can gamble in online TRON casinos. TRON casinos act like mining places where you mine their native coins, you freeze them and you get dividend payouts based on the number of native coins you have in your wallet. Mining has to do with wagering. 2. Another option is to vote for a representative. You have to freeze your TRX balance and get a 1:1 vote. The more votes you have the more rewards you will get. You won't have a huge passive income but it is a starter. I believe you wanted to know about the 1st option, If it is not clear, I would be happy to help you more! Its also happening on EOS particularly on EOSbet.io which by just holding BET tokens a holder can get percentage of the daily wagered EOS in their platform. Its kind of staking so earning via dividends. Every holder gets EOS everyday depending on the volume in their casino. EOSbet even has a gambling license from Curaçao Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: PuertoLibre on February 19, 2019, 09:43:28 PM I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated. You can make passives income from staking and backrolling and it seems more safe than direct gambling and betting. Staking is more profitable than gambling because gambling is a very risky venture and most people that did not know the risk in gambling can now make money from staking. though small amount but passive income still far better than nothing. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: Ziskinberg on February 20, 2019, 01:54:37 AM i prefer to invest in other banking projects in order to get passive income annually instead of staking on gambling site. What are banking projects actually? I'm curious, because what we are talking here is investing in a certain casino or on their bankroll.What do you mean playing against house? From my point of view, no matter how powerful strategy gamblers have house always has advantage. At the end it is all about personal preference. Just my 2 cent. Playing against house means you are not investing on them, just like a regular gambler when games has a house edge, we normally play against the house and this one is the opposite of investing.Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: Bitcoin Marketing on February 28, 2019, 07:49:07 AM Casino dApps including games and iGaming are the future of this industry
We have seen in in ICE 2019 just 3 weeks ago where the main interest was about the innovation of the industry and how the "old fashion" casinos, platforms, game providers and so on, can benefit from this technology We ( CoinPoint Group ) show case it also in our dedicated event - https://calvinayre.com/2019/02/18/conference/satoshi-vision-igaming-practices-vip-party-highlights-video/ There are more than 600 dApps in this space ( that we are aware of ) and working with some very promising ones to show the industry that 1. Operations can benefit 2. Players can benefit 3. Its not rocket science and running such dApps is not so complicated 4. Regulators and legal frame works are in place This is the future More info here - https://medium.com/coinpoint/coinpoint-marketing-a-blockchain-decentralized-application-dapp-in-a-hyper-igaming-competitive-58d8cea97765 Good luck Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: matchbillion on March 07, 2019, 01:44:27 AM When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money. This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much. 5% a year taken on its own doesn't look very appealing On the other hand, if you make it part of some sophisticated strategy, it may be at least worth looking into. Regarding hedging, I don't think you will have to pay much as interest (definitely less than 5%) as these coins are not wildly popular for margin trading Technically, it may be worth the money and effort if it is kind of shoot and forget thing. But how safe would those coins be if you are going to stake them? I mean, are they backed up by the blockchain itself or it still involves a third party, which can run away with your money at the end of the day? Sorry, I'm not very familiar with the matter, so bear with me If you go to https://www.bitfinex.com/stats And look at EOS, currently it costs 0.022% per day to margin trade it. Its basically what he would need to do to make sure the value of the underlying doesn't decrease since his primary focus is to make money and not to accumulate more EOS. So 0.022% is about 8% per year, so if he staked his entire account balance, got 5% in staking revenue, he would be at a loss so he can't hedge against the underlying falling. Yes I understand sometimes the rate is lower but sometimes its also higher. This is somewhat considered "gambling" since its not considered risk free. He just needs to hope that EOS, doesn't crash in the next year so he could earn 5% off staking. I found that lending them to platforms like Celcius gives almost similar returns but problem is you are stuck there for long periods. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: xvids on March 08, 2019, 05:08:33 PM I think if you want to invest in a gambling site then go with the stes that already made a name in the industry,
Something like bustabit,bitvest and ethcrash those are the sites that I know who accepts investment . And they have been around for so long. Title: Re: Gambling by Staking,EOS and TRON, How do we do it? Post by: el kaka22 on March 08, 2019, 05:14:21 PM The topic is all over the place, staking and eosbet is all different things. Yeah you can sort of "stake" by playing and owning the coins on eos there but also could have the coins yourself by basically using the PoS system as well. Are we talking about staking that is basically having coins on your wallet which exists in a lot of coins and basically has nothing to do with gambling at all or are we talking about staking as in having a share of the dapps that exists in eos and tron dice culture.
If we are talking about the having a share of the gambling that I doubt it is also called staking, that is just investing and it is a risky move, of course house always wins and you can make a decent amount of money there but there is always a chance of a gambler hitting big, staking as in keeping the coins on your wallet however is not risky but its not profitable that much neither. |
