I'm buying promising cryptos like NEAR and Celo and staking. Once we hit new ATHs I will start selling my staking rewards.
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many of us are aware that sometimes the coins that have recently gone up are quite drastic, even though we have made quite significant profits, but still hope that in the future it will rise more than the coins btt, doge and others rose from the golden age they have peaked now.
if that happens how long do you have to wait 2 years, 3 years, 5 years or...?
while new coins are popping up all the time, still waiting for him to peak again?
Altcoins have better potential for profit. That's why I bought NEAR and Celo. Both have staking and are backed by VC investments of millions of dollars.
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so i havent invested anything in crpto YET (idk i want to see if bitcoin goes down lol il probly invest a bit into bitcoin and eth now tho) so yea as the title says how can i find alt coins that havent blown up. ps im a total newb so any tips will be welcomed and thanked! try skyward finance IDO platform. That's how I find new investments.
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I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?
Thanks!
Yes, but on decentralized platforms or wallets, not centralized services that can steal your funds or block you due to regulations or something as trivial as a wrong phone number. I'm staking ETH and NEAR.
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I think altseason is back and I'm buying NEAR, NAOS, Wasabix and CVP
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Agree, even real-project with good use case will have some struggle to do recover if its going to deep, i saw it on Pirl. Becareful with what you pick since market is like a jungle which hard to predict.
The bitter truth, I remember most altcoins that had good product back in 2017 and pumped during that bull run, after the crash they never recovered from it, some of them were still up and running even till this recent bull run, but they were never able to go past the 2017 ATH, probably because they have lost the community cause new projects emerge everyday you need to be on top of the food chain if you want to stand a chance to survive. I agree, invest in solid projects with good fundamentals that have a real world use case. I'm buying UTNP and 0xMonero right now.
This is first time I'm hearing about those coins you mentioned and I bet alot people have no clue about it either, it's better you stick to well known projects that are growing in fast pace, e.g the likes of Nearprotocol is a project you should consider to invest in for long term benefit, although don't forget DYOR, it's very important. NEAR protocol is definitely a winner, not arguing that.
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ETH is superior to other cryptocurrencies with regards to decentralized applications. Though it can cost more, ETH ecosystem is proven to be the best platform to innovate decentralized finance.
ETH used to be the most preferred layer 1 blockchain back in the day (since its inception to to 3-4 years ago). As a matter of fact, it became the #1 most used blockchain in 2017 after 98% of all ICOs were conducted on eth that enabled a lot of people to start buying and holding to those ETH tokens. Anyway, this isn't 2017 anymore and ETH has gotten worse ever since. That's why the rise of other layer 1 and layer 2 solutions. This is why I'm bullish on layer 1 solutions like NEAR protocol. Aside from the dirt cheap tx fees, less than 1 second transaction finality. Not to make the fact that it's eth-compatible, thanks to Aurora (A layer 2 solution) built on NEAR that is fully compatible with ethereum and has a bridge (called rainbow bridge) that allows NEAR <> Ethereum to be bridged. ETH 2.0 has a lot of big promises and features most of which are already available in layer 1 solutions like Avalanche, NEAR and solana so I wouldn't put to much hope on it in the long term. I think Ethereum will continue to do well with the help of sidechains like Fantom and NEAR Aurora.
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I would like to give you some advice, Especially to those who are new in the market. Whenever there is a pump in the market, you think you should invest in ALTs And you may benefit from it. But after your investment, the market goes down. When you see the market go down, you think you are losing money, so you sell everything. Again, when you see the market go up, you invest. This way you get hurt again and again. So whenever you have to invest, invest a small portion of your portfolio. So even if the market goes down, you have your portfolio. Never trade on emotions. Calculate well and then invest in it.
This is obsolete advice, stop trading and start staking NEAR protocol and using Ethereum DeFi yield farming. You can earn money even in a bear market.
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Im still kind of new to the crypto market and am looking for some good crypto projects. Im looking for cheap coins with great fundamentals that can grow big. I've heard stuff about coins like: XRP HBAR ADA DIVI
But im not sure which one to get Looking for your opinions
XRP and HBAR is good but I would trade the other two for NEAR and Celo
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My worst experience is getting rugpulled several times with Ethereum contracts where I can't withdraw. I haven't been rugpulled on NEAR protocol yet though.
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One of the best solutions is to just buy a stakeable token monthly and in the next bull run, slowly sell off the staking rewards. I'm personally staking NEAR and Celo. NEAR has some of the highest staking rewards and Celo is backed by the WEF and Bill Gates.
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What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
If you want $cake then you need to buy cake $Monsta "Benoveses". Cake Monster uses transaction fees to buy $cake and distribute it to holders. I also like NEAR protocol for staking, it has one of the highest staking rewards at over 10% and it is hands down the most scalable and advanced crypto in existance.
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Blockchain technology has often faced many limitations when it comes to achieving scalability without sacrificing decentralization. Up to this date, no project has been able to scale to meet today's demands without putting decentralization at risk. I'd be a "miracle" if we get a cryptocurrency that's highly-scalable and highly-secure at the same time. Now I'm starting to wonder if there's a project that's aiming to achieve "unlimited scalability"? To my knowledge, there isn't a cryptocurrency with an unlimited block size. If there was such cryptocurrency, it would've been highly centralized, making it no different than traditional banks. Still, I'm curious to know if blockchain is capable of scaling infinitely to billions of people worldwide. If it's possible, then governments can use the same technology to replace the monetary system of today. What are your thoughts? NEAR protocol already solved the issue of unlimited scalability with horizontal sharding. It can do infinite TPS with two second finality. How does it do it? Each shard has its own validators. Instead of gas fees increasing when transaction volume goes up, another shard with new validators is opened. Each shard can do 2000 plus TPS so the blockchain goes as fast as it needs to go and the gas fees remain low. Each shard has 100 validators, which is twice as much as most other POS chains. Unlike all other sharded chains, there is no beacon chain to slow things down, every shard is independent.
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Why is your coin better than Ripple?
Ripple is a great project and I think it is the future of finance. I also bought NEAR, it's the future of the internet and infinitely scalable with horizontal sharding.
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It's easier to get rich investing in microcaps than it is by buying Bitcoin. To get the same gains with Bitcoin you would need to leverage trade 100x and that is super risky. My favorite microcaps right now are GODL and 0xMonero.
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I agree, invest in solid projects with good fundamentals that have a real world use case. I'm buying UTNP and 0xMonero right now.
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It sounds like an inside job, there are too many signs to ignore. One hack I understand but this is too much. The police need to be involved. If I were the Thorchain project managers I would integrate NEAR's rainbow bridge for ERC20s then integrate NEAR as a supported blockchain. That should solve the security problem.
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According to the present market scenario, several good currencies, such as XRP, TRX, and others, are decreasing due to various causes.I recommend investing at least $10,000 in XRP, TRX, and other similar currencies, since these coins will soon yield a significant profit margin.
I haven't invested in TRX because for some reason while their competitors released bridges open to all ERC20s and saw phenomenal growth (polygon), they, tomo, and secret network decided to only let in a handfull of tokens on their bridge. I'm investing in XRP/Flare, NEAR, Celo, and Fantom as I see those building off of Ethereum's popularity and seeing explosive growth.
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I remembered 2020 how the market plummet to 700 to 500billion dollars during the pandemic and how May, june and july was so dry that many fears it was the end. suddenly, the market became alive in August and crypto made history. Btc Rose from 10,000 till over 60,000 within months. Are we in for another ride or just market movement in 2021?
Yes, we are on the verge of a digital revolution but the market is heavily manipulated. If you are investing with a long term mindframe, you will make it. I'm staking Celo and NEAR in preparation for the next big move.
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I'm staking near and farming SYMM on xDAI. Anybody else farming on xDAI?
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