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timmmers (OP)
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January 11, 2019, 11:50:28 AM |
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Hello, I have just found app Cobo wallet and they offer up to 11% ROI if you store and stake your Bitcoins here, also you can store many other alts here (Ethereum 2% ROI for example).
But I do not understand how you can stake non-POS coin. Who will give you free money? Is that safe?
Not only Cobo wallet offers it, there are more same wallets.
What is your opinion?
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JimmyNg90
Copper Member
Newbie
 Offline
Activity: 196
Merit: 0
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January 11, 2019, 12:37:42 PM |
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 11% ROI in ?? months? I think ROI in here is not only from POS. It is maybe as a loan. They want us spend our assets and they will invest in other businesses.
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timmmers (OP)
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January 23, 2019, 08:38:46 AM |
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11% ROI in ?? months? I think ROI in here is not only from POS. It is maybe as a loan. They want us spend our assets and they will invest in other businesses. Per year of course. I do not know, that is why I am asking, if it is safe and what they are doing with the funds? 11% interest per year you will not earn from loans or? |
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KingDome
Jr. Member
Offline
Activity: 434
Merit: 1
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January 23, 2019, 08:49:42 AM |
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Don't get the real purpose of the developer to hold your coins on their wallet though but as far as I see, they might be having such an evil procedure.
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Herbert2020
Legendary
Offline
Activity: 1946
Merit: 1137
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January 23, 2019, 09:26:30 AM |
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you can't stake something that is not stake-able! so the wallet is either scamming people to take their money and run away or it is a custodial wallet where you have to give up control over your private keys and basically give your money to them and they do with it whatever they like. and then pay you some profit. which is even riskier since you no longer have any kind of control and they can decide to take your money and close your "account" at any time they wish to.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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cryptonight9631
Copper Member
Jr. Member
Offline
Activity: 140
Merit: 1
CryptoMarketAds
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January 24, 2019, 02:25:01 AM |
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Be sure to fully acknowledge the projects purpose, if you still don't read its whitepaper, I advice you to read it to know more, and also verify their credentials at sec if they are registered. Be careful out there, because many scams right now are in our place.
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hellyah070
Copper Member
Newbie
Offline
Activity: 196
Merit: 0
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January 24, 2019, 02:42:27 AM |
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Hello, I have just found app Cobo wallet and they offer up to 11% ROI if you store and stake your Bitcoins here, also you can store many other alts here (Ethereum 2% ROI for example).
But I do not understand how you can stake non-POS coin. Who will give you free money? Is that safe?
Not only Cobo wallet offers it, there are more same wallets.
What is your opinion?
What does this staking benefits the crypto holder? Sorry, but it was just the first time I heard about it. I just mainly store cryptos on my wallets but not knowing about staking or in any sense. |
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adrianto1995
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January 24, 2019, 02:58:09 AM |
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Hello, I have just found app Cobo wallet and they offer up to 11% ROI if you store and stake your Bitcoins here, also you can store many other alts here (Ethereum 2% ROI for example).
But I do not understand how you can stake non-POS coin. Who will give you free money? Is that safe?
Not only Cobo wallet offers it, there are more same wallets.
What is your opinion?
Wut, staking Bitcoin and Ethereum? Since when Bitcoin and Ethereum can be staked? there are non-stake-able coins. I think is just a trick from cobo wallet developers to gain interest from people so they want to try and use their wallet... IMO |
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batang_bitcoin
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January 24, 2019, 03:12:05 AM |
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I'm not aware of them so I have really no idea what's this cobo wallet. For me, they aren't safe, I wouldn't trust that if they are taking bitcoin and ethereum for 'staking'.
It's probably their scamming scheme after someone deposits and believed that you'll be staking your btc and eth, they'll soon cash it out.
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dirgayeah
Full Member
Offline
Activity: 868
Merit: 103
*Indonesian Professional Translator and BM*
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January 24, 2019, 03:22:04 AM |
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Hello, I have just found app Cobo wallet and they offer up to 11% ROI if you store and stake your Bitcoins here, also you can store many other alts here (Ethereum 2% ROI for example).
But I do not understand how you can stake non-POS coin. Who will give you free money? Is that safe?
Not only Cobo wallet offers it, there are more same wallets.
What is your opinion?
wow. this sound's like ponzy scheme with blockchain mask. I don't know if any stake system with non POS coin can give much ROI ?. so be aware brother, there's so many systematic way for gather people's coin. |
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markieeeloy
Jr. Member
Offline
Activity: 296
Merit: 2
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January 27, 2019, 11:08:36 AM |
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If we are staking on our wallet with our own device and we have full control on the coin when we exit or not, it is safe. But if we transfer it to other account or platform to stake, that is not a good idea. Because you are giving your coins to other user wallet.
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HARA │ Empowering billions through data one byte at a time |
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Geenstijl
Legendary
Offline
Activity: 1232
Merit: 1000
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January 27, 2019, 11:50:01 AM |
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There is no guarantee that it is a legit project. Frankly speaking it sounds like some kind of ponzi scheme. They are fre to do anything with your crypto as well as run away. Until I'm fully assured in the team and project as a whole I'd never risk my money. And 11% is not that much to even think about it.
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jointherevolution
Jr. Member
Offline
Activity: 229
Merit: 3
EndChain - Complete Logistical Solution
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January 27, 2019, 11:58:14 AM |
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Assuming this involves the process of sending your funds to the app to be locked somewhere for the duration of the time needed to get the ROI you must be very careful who you trust. I do not know this app but you can try cold staking if you want to do it with mobile app, there is Coinomi app where you can cold stake the coin Callisto. And it is more safe than what you describe.
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EndChain - Complete logistical solution for all markets and supply chains
ICO Start: 1.12.2018 (https://endchain.io/) |
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semobo
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January 27, 2019, 12:33:56 PM |
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Hello, I have just found app Cobo wallet and they offer up to 11% ROI if you store and stake your Bitcoins here, also you can store many other alts here (Ethereum 2% ROI for example).
But I do not understand how you can stake non-POS coin. Who will give you free money? Is that safe?
Not only Cobo wallet offers it, there are more same wallets.
What is your opinion?
Don't lose your money by getting attracted to this no one is going to give you free money for having your money and your own wallet.There are lot of cases similar cases were there in history now the new one so just ignore it and go away for a legit wallet |
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bit-freedom
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January 27, 2019, 12:36:11 PM |
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Don’t sound legitimate to stake bitcoin when there is no such thing in the first place. Unless the company offer your bitcoin as loan to others and paying you a share of the interests. I will advise to stay away, there is no free lunch in the world.
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deep4u
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January 27, 2019, 12:36:47 PM |
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Hello, I have just found app Cobo wallet and they offer up to 11% ROI if you store and stake your Bitcoins here, also you can store many other alts here (Ethereum 2% ROI for example).
But I do not understand how you can stake non-POS coin. Who will give you free money? Is that safe?
Not only Cobo wallet offers it, there are more same wallets.
What is your opinion?
after reading your thread i definitely sure its some scam wallet who will just steal your crypto and i don't think it's a good idea to invest your money in this type of scams. |
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