hii all
my question is what is difference between HODL and staking
Hodling is holding your coins for long term till you are ready to sell. Staking is locking your coins and contributing to the network in some way. You receive passive rewards for your contribution to the network. While staking you are also holding, but you won't be able to sell when you want until your staking period ends. If you are planning to hold for a very long term, then staking your coins (only coins that uses PoS or similar mechanism can be staked) would give you some nice profit along with the price appreciation. There are also coins that you can stake without having your coins locked. But you should take into account the fact that when staking, you usually need to send your coins to other platforms, which significantly increases the risks.
You don't send it to other platforms if you stake using your own wallet. You only send it to other platform if you decide to use an exchange or a centralized platform to stake. |
|
|
|
-snip-
staking is mostly done on exchanges. because usually you can get rewards in the form of certain coins. Many exchanges do this to promote certain coins, and usually staking is done to generate profit
for the long term.
-snip-
Staking isn't done on exchanges. If you are staking in an exchange, you are actually not staking. You are lending the coins to the exchange and they stake it, not you. They just give you a small percentage of profit from the stake rewards. And haven't you noticed that exchanges even allow you to "stake" coins that aren't even PoS coins? They take your coin, use it for different purposes to generate profit and gives you a share. If you want to stake, stake using your own wallet. This will help the network you support make it more decentralized. |
|
|
|
Since I know most of the people do not read the terms and conditions any of the services they use, I'll take the liberty to leave this over here for the Paypal users that did not read this part of the contract and also as a lil' reminder why Bitcoin is important. _______________________________________________________________________________ _____________________________ -snip- Source: https://www.paypal.com/us/webapps/mpp/ua/useragreement-full_______________________________________________________________________________ _____________________________ My interpretation (right or wrong): Paypal will give you the boot if they do not like you, Bitcoin embraces you. And how does bitcoin help in cases like this? Terms and conditions like this exists almost everywhere. They can change or terminate the Terms of service anytime they want. They are not bound to keep it the same nor are they forced to inform their users when the terms and conditions changes (but almost all platforms do notify their users out of goodwill). If a platform doesn't like you they can give you the "boot" if they want. Lets say you want to buy something from a crypto store. You make a deposit or make the payment. The online crypto store doesn't like you and bans your account as per their ToS. You lose your coins. Bitcoin couldn't protect you from events like this. Plan to do a p2p transaction then? You send the money, the person doesn't like you, he scams you. You can't do anything about that. |
|
|
|
Hi all, I am a newbie on this forum  wanted to know if someone has ever used this site Bitcoin-generator and if it is trustable, thank you. Do you think a platform named "bitcoin generator" should be trusted? You cannot generate bitcoin other than mining on the network. No one will give you free coins. You can't generate free bitcoins out of thin air. Very highly likely it will make you install some scripts to infect your computer and look for your wallets to steal all your coins. Use some basic common sense and avoid platforms like this. |
|
|
|
The man probably trusted his family, which is a really natural thing to do, though sometimes it turns out to be a mistake, like it clearly did in this here, as the son proved untrustworthy, unfortunately.
It is not about trusting their family. It's about carrying around $400,000 worth of bitcoin on their phone instead of storing it somewhere safe. If his family member were able to recover the coins from his mobile wallet application after his death, then it means anyone could have stolen his phone and somehow recover the coins. It is not safe to store large amount of coins in a phone wallet. Storing coins in mobile phone is not a ideal situation but in this case, that stupid son stole the coins from his father and even if he stored them in a hardware wallet, he will be able to access them considering the way in which he was able to move them from his mobile phone. It is time to hide digital wealth from family members. Not sure if the son is stupid or someone else over here.... How does one steal from his own dead father that probably left the wealth for their children? |
|
|
|
Recently, I found threads on this forum about celebrities such as footballers, musicians, e.t.c embracing bitcoin and choosing it as a payment method for brand endorsements. On the second note: I thought about it this way; since they are an increase in divorce in their industry, especially the musicians. Could holding bitcoin be a plan B for securing their assets if their spouse files for a divorce? In search of an answer: I read a Law Firm blog that said something about sharing bitcoin 50/50 during a divorce. They clarified that any bitcoin transaction that occurred while the holder is married belongs to the marriage fund and can be shared if divorce arises and vice versa. How do they get to know the truth?They claim that some questions when asked to a spouse, would determine if they hold bitcoin (that's if they answered correctly or genuinely). They can track a spouse's bitcoin transactions through the person's hard drive. They urge people to open up about every asset they hold. Including; bitcoin when in court. After a brief thought, I concluded my thoughts about some single (Not married) celebrities. Observing the rapid increase in the divorce of their colleagues would see bitcoin as a plan B to secure some funds to keep them balanced even if they experience such ill-treatment from their spouse in the future. Because most celebrities like DR Dre fell off balance after his wife filed for a divorce. What do you think about this? How do you guys even come up with thoughts like this? Holding bitcoin because divorce might screw them up? Don't even know what to say here... And no, celebrities and footballers aren't accepting bitcoin because they are scared of getting divorced. They are doing it because either they found it interesting or they just want some attention from their people. Or they are getting paid to accept bitcoin and advertise for some crypto currency platforms. Either way, at the end of the day, I am sure they all go back to fiat. |
|
|
|
Those self acclaimed experts are most times confused and thrown off balance by the market. Instead of them to say or expose their cluelessness, they will make some untrusted forecast. Because they have so much followers on social media, and are inter connected. The masses will like to follow their prediction, by this they create an artificial demand and supply.
About altcoins not falling when bitcoin suffered because of China ban. It was a fundamental analysis that interrupted the market. In a real market, when the king bleeds the altcoins bleed as well.
Nope, those "self acclaimed experts" are not confused and they know what they are doing. And they do it on purpose. They are not thrown off balance by the market. They are just here for attention and to gain followers. They also do it to shill for certain coins and create the "artificial demand" you are talking about. They mainly shill for coins with small marketcap because they are easier to manipulate. They will make their followers invest in those coin, cause the price to go a bit upwards and then dump their coins to take their profit. This is why you should never be joining those groups that OP was talking about. Just learn to do your own research. |
|
|
|
What is wrong with altcoins being released during a market crash? If the project is good and has potential, then it wouldn't matter when the project was released. People will buy if they think it is worth investing in those projects. The recent market crash has been a clear example that there are lots of projects that will not be sustainable over time, on the other hand some crypto projects have risen over this difficult time. One Ring was released on Thorstarter last week during this chaos and has experienced a 3X already, while having ongoing development.
Only shitcoins and scam projects will not be "sustainable" over time. They will eventually die and be abandoned when the bear market comes. One Ring was released on Thorstarter last week during this chaos and has experienced a 3X already, while having ongoing development.
What are you trying to imply here? That thorstarter is a great project since it went up during the market crash? Which are your crypto picks during this crash?
Bitcoin and few other top altcoins. |
|
|
|
The USD is losing value. The EUR is losing value. All national coins are inflationary, energy prices are through the roof and still BTC is only $36,500! People should buy BTC like crazy, this is something I don't understand, they keep using the crappy FIAT instead. FIAT will all make you poor! Don't come crying here after when BTC hits $100K, but FIAT is the worst investment someone can make these days. BTC is still cheap as peanuts considering its potential, too bad people don't see it, have fun staying poor and keep making those bankers rich. Unbelievable.
Like you said, if people cared about inflation, then they should buy BTC "like crazy". But they aren't because they don't actually care. I bet most of the people don't even know what inflation is and what it can do to the economy. They just sit and watch. When the price of everything will become unaffordable, all they will do is blame their country while still not doing anything to save themselves against inflation. Even if they do invest in bitcoin, they will go back to fiat to take their profit. So...  |
|
|
|
|
The crypto currency market is a decentralized market. There is no central organization that controls the market or the development of the projects. Hence the "development of tokens" cannot be "supervised" by anyone. Anyone can create a project, make tokens for that project and release them on the market. No one can stop them. You only have to be very careful when choosing projects to invest in. Do your own research and avoid those scam projects. Their scam becomes very obvious when you dig into their project a bit.
|
|
|
|
Bitcoin is getting smarter now.
In Europe a number of politicians and parliamentarians in various countries have now started to accept Bitcoin as their salary.
And Christophe De Beukelaer who became one of the first European politicians to receive a salary in the form of BTC.
Of course this is good news for bitcoin because bitcoin is increasingly being used by the wider community.
Hopefully with this news bitcoin will bounce back.
They are rich people. They can afford the risk of volatility. This is something most of us cannot. Imagine getting paid in bitcoin and the next day the price drop like 25% all of a sudden. For most of the people it is going to be a huge issue since they will have to pay their rents and bills. They won't be able to hold the bitcoin and they will have to sell it when at loss to cover their expenses. But for people like those politicians, they have some other sources of income which I am sure they receive in Fiat. Hence they are able to but most people aren't. So, it not a big deal that politicians or footballers are accepting salary in bitcoin. It will be a big deal when everyone starts doing that. |
|
|
|
Hi everyone, it's been awhile, just wanted to tell you that I still haven't sold a bit of BTC since 2013... if I can do it you can do it too!
Some of you may say it's a dumb decision or risky, but I'm all for BTC and positive about it. To the Moon!
Holding for you is not risky anymore. You can already make enough profit if you sell even if the price crashes. Why are you still holding though? Do you have a certain profit goal that you wish to reach or you just like holding and see how far the price can take you? Based on your early posts, it looks like you were a doge coin enthusiast. Hope you were holding some doge coin too haha. |
|
|
|
Looking at the market now with different illustration about the current position, condition of the market from analysis, many crypto traders are coming out with there different analysis of where the market tend to go in the next few days. Some keeps agitating that the trend is still bearish while others come out with various technical analysis of the market, drawing different trendlines to show the support resistance of the coming bull.
We all know that Bitcoin controls the crypto market and it is a good determinant of most altcoins(maybe all). The fall of Bitcoin had affected the crypto market and I think keeping an eye on Bitcoin is very important to determine the fate of most alts in the market. I have seen much number of fud coming up with different technical tools of the market going down more.
What perspective are we going to accept here? Are we going with the analysis of the market going bear contineously or claims that the price will go bullish? Maybe we should just be neutral without being too optimistic or pessimistic.
Following the market, trend should not be as confusing like the way it is currently, especially for those that care much about the market direction and are not too skilled on analysis the market direction.
Stop looking at those market analysis. Those are analysis made by individuals that think what might happen in the future. Those are predictions that are never accurate. You can never accurately predict the crypto market. It is very volatile and different events can cause the price to turn up or down. So don't just invest based on those prediction. You will see two "experts" giving exactly the opposite opinion about the price, and both of them will back their claims with "illustrations", "signals", signs, trends and other analysis. Best is to not look at those analysis. Just zoom out the chart and see how it always was a bull run. Invest whenever and whatever you can afford to lose. Keep holding till you reach your profit goal. |
|
|
|
The XÆA-XII Token (Son of Elon) will be the foundation for investors to buy, sell, and stake NFT's. The XÆA-XII Token will be listed on multiple exchanges for simple transactions and is the genesis for X-Mask Wallet (which will store Tokens and NFT's) and the entire XÆA-XII NFT Platform ecosystem. The XÆA-XII NFT Platform will in turn feed revenue back to the XÆA-XII Token. https://sonofelontoken.com/So another shitcoin that will be pumped and then dumped to scam investors? The scammers are no longer even giving any effort to hide that they are here to scam people. Why would anyone invest in a coin called XÆA-XII named after the son of Elon Musk? Even if they are going to get listed in an exchange (which I doubt), they probably will get listed on some low quality exchange that no one has ever heard of. Only dumb people will invest in coins like this. Less than few will get lucky (the developers). |
|
|
|
Well, for me it's a stupid idea indeed, and I guess that when CZ said "if you can't hold, you can't be rich" he was directing that saying to peeps like you, buying at current market price does not necessarily mean buying high most especially, for a coin that has the potential to still appreciate in price.
If for example you buy a coin at 1$, and price pumps to $1.5 and you sell, what if after let's say 2 years, the price already climbed to $50 per coin, how would you feel knowing fully well you dumped your bag of that coin at just $1.5?
HOLD IS KING, and those who said it aren't stupid to say that.
That is not a "stupid" thing to do. You take your profit when you are ready. What the use if you keep on holding and never sell or use your coins? You don't want to sell because you think after two years, the price will climb to $50 and you don't want to miss the opportunity. If that is the case, then you will never be able to sell because you might then think "what if the price goes to $100". You don't have to keep holding. It is okay to take your profit. Take your profit, if the price falls, buy more, hold and then sell. |
|
|
|
|
I don't use ETH anymore for making any regular transaction. I just hold them for profits. Almost unusable due to the gas fee. I remember trying to buy a token and the fee was around 200$+. I would have been paying more in fee that the amount of tokens i was buying. The highest I paid was around $25 I think. Not once, but twice and both the transaction failed. I forgot you still lose your fees when the transaction fails..
|
|
|
|
|
That's a good initiative right there. But are you planning to hold the bitcoins or convert them to fiat? Didn't CBN put a ban on using bitcoin. I heard that they closed all bank accounts that were involved with crypto currency transactions. How will you be converting them to fiat? What about the transactions? Do users have to wait for 1 network confirmation or you trust them enough to let them pay with zero confirmation? What about the network fee? How would you deal with high fees and network congestions?
|
|
|
|
Hi everyone,
Looks like Facebook's final attempt (Diem) at creating a new stable currency unit will never see the light of day. There is another LIBRA (freeport dot nu) that looks much more disruptive than what FB had in mind.
Wasn't Libra a crypto currency (centralized) that would be under the control of facebook or something? I thought they coin died years ago (like everyone expected). And that "another" Libra is very likely a scam/shitcoin trying to associate them with facebook so people invest in that coin and the developers can scam them. System spec seems pretty deep and I didn't understand all of it, but they provide simulations of their system and they look pretty convincing. Could anyone with a finance/crypto background weigh in on this?
Scammers try their best to convince people that they project is legit before scamming them. Would suggest you to ignore this project. |
|
|
|
|
If you think web3 is going to be the next big thing, then invest on web3 projects and see what happens. But don't put all your investment in those projects. All you would be doing is gambling with your money. What if web3.0 was never a success? You would end up losing everything. I don't even think we currently have any working projects related to web 3.0. All of those are just "theories" and "we can do this, we can do that". Spread your portfolio. Put most of your money in bitcoin and rest in different projects and altcoins that you think has good potential. Invest what you can afford to lose.
|
|
|
|
|
The price will always fluctuate due to supply and demand. As long as there are constant supply and demands, the price will keep on fluctuating. If more people buy and holds, the price will go up. Now if those people decides to sell and take profit, the price will go down. When the price go down, others take the opportunity to buy at cheap and make profit. This keeps on going on and hence that is why we see the price go up and down every day.
|
|
|
|
|
Show Posts
