Where should I invest money?

[pornluver]

My friend introduce this

https://app.anchorprotocol.com/earn

That seems too good to to be true

19% APY

I want something like this.

It seems that there is no risk. It's UST. Stable coin.

What am I missing?

Other ones.

[1715407055]

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[jossiel]

Not related to bitcoin discussion.

But seeing 19% for a stable coin is the highest that I've seen for an interest account. Nexo offers 10% for its interest account with a stable coin. I don't know that platform of anchor and that's why if I'm going to put it on stake as they say.

I'll choose the platforms that are more reputable like Binance or Nexo and to remind you, you don't hold the keys when you put your crypto/stable coins on that feature.

[AicecreaME]

I advice you do your very own research first before planning on investing. Investing is both risky and courageous step anyone could do. It offers so many benefits and advantages as well as long as someone knows how to utilize it to their own advantage. However, it's not always rainbows and butterflies when we talk about investments. Investments possess risks too that could either make or break you. So, much better to make an in depth research first of what you are trying to get yourself into, before actually diving into it. You see, investing has its smooth and rough patches. And if you will just impulsively invest on something because someone just told you so, you could possibly fall in the brink of losing.

Remember, do not easily believe and follow the advices or hearsays most especially if it has no back up evidences. Instead of asking here as your first move, do yourself a favor and invest in having broad knowledge and skills first that are necessary in the field of investment. You can never go wrong once you are already equipped with needed understandings about something you want to enter to. Do your own research and then after, ask for professional's advices and tips so that you will succeed.

[mk4]

TerraUSD is an unbacked stablecoin; meaning that the mechanism that's keeping it stable at $1 can(not necessarily saying that it will) totally fail some time in the future; especially when we get extended draw downs and/or multiple red candles that can trigger cascading liquidations.

[XUR_TIP]

Are you looking forward to invest because of the APY returns? Go on binance you will find better options, there are coins with better APY returns and they have good utilities, if huge dips happens they won't be that affected because these coins have better supports in the market for example Axie infinity has 25% APY on binance exchange

[Abiky]

My friend introduce this

https://app.anchorprotocol.com/earn

That seems too good to to be true

19% APY

I want something like this.

It seems that there is no risk. It's UST. Stable coin.

What am I missing?

Other ones.

Anchor Protocol is good but not well-known within the crypto/Blockchain space. At least, it's better than staking stablecoins on centralized platforms and/or exchanges (eg: Binance). I'd say 19% APR is quite attractive, compared to what banks offer in the mainstream world. Such rates are even higher than those offered by Nexo (which is 8% APR at the time of this writing). You're better off investing your money into USDT than any other stablecoin, as it's the one with the most liquidity on the market. There are a lot of services and dApps which support USDT "right out of the box". Remember to never put all of your eggs in one basket (diversify) and you'll be on a road towards non-stop financial success. As long as you invest based on your own research and not someone else's opinion, you'll have nothing to worry about. Just my thoughts

[traderethereum]

19% APY is something good to be true but we do not know if that will be like that in a year.
I am sure there are risks behind that, but we do not know what the risk is, so you still need to be careful.
But no matter what your decision is, make sure you research before you decide because that is your money and you need to be responsible with your money and not blame other people because of your decision.
But I will suggest using Binance staking to earn rewards as that exchange have so many coins that you can use to stake.

[Strongkored]

19% APY is quite high if you really want passive income from crypto you own better to choose reputable service like another members has mentioned, even though the apy is lower but that better than put your asset in platform that you don't had a clue about the reputations

It seems that there is no risk.

Nonsense, when you expect a big return but no risk. Just do your own research since you know this service from your friend better to ask the information more, or you can ask about the prove that he/she already received the profit or not.

[Williamm07]

Staking has its risks mate if that project value goes down it will affect your rewards, if you can only stake the project on a exchange anything can happen to the exchange, don't ever believe that there is no risk involved in staking coins if anyone told you otherwise you've been lied to.

[Dan123456]

Not related to bitcoin discussion.

But seeing 19% for a stable coin is the highest that I've seen for an interest account. Nexo offers 10% for its interest account with a stable coin. I don't know that platform of anchor and that's why if I'm going to put it on stake as they say.

I'll choose the platforms that are more reputable like Binance or Nexo and to remind you, you don't hold the keys when you put your crypto/stable coins on that feature.

viaMover.com will launch a new savings product soon that gives a really high APY (100%). You can deposit the stablecoins and then Rewards are also paid in stablecoins, not native tokens. It is automated yield optimisations. No effort and always being tweaked to take advantage of the best yield opportunities

A short summary would be:

$MOVE http://viaMover.com
Supercharged DeFi Savings 100%+ APY + crypto debit card. Tiny market cap and rumours of big partnership with OlympusDao on the way. Strong pair of founders and a growing team and ecosystem. NFTs, web wallet, mobile wallet and so on. Fiat on and off ramps via IBAN.

DYOR, but I think it is a good one!

[masterrex]

I guess that was your personal choice, that's why we can't do anything about it, TUSD is a stable coin, and that 19% APY is so attractive but as many comments that were mentioned above every investment has a risk and staking a cryptocurrency is one it and I think as a senior member of this forum I believe you must know that already so good luck.   

[susuberuang]

Cryptocurrencies are the best place to invest and grow money fast, the trend of cryptocurrencies is worldwide and many millionaires of the world like Elon Musk are coming in and investing in crypto so it will be popular in the long run.

The cryptocurrency trend has indeed started to grow now but about money growth I don't think it will take place very quickly, especially still in the correction stage like now so that money growth is being hampered by it even though for people who are already very rich like Elon Musk it doesn't have any effect.

[dataispower]

Are you looking forward to invest because of the APY returns? Go on binance you will find better options, there are coins with better APY returns and they have good utilities, if huge dips happens they won't be that affected because these coins have better supports in the market for example Axie infinity has 25% APY on binance exchange

You are making sense because to invest wisely you will go into platform that will give solution to your problem for now i will give you support, binance blockchain can give a credible coins to invest on but is not the highest criteria, is not better for the person that wants to invest go to market survey and check coins that is good and have good potential to invest on, because is not all binance list will do good for long time

[Hypnosis00]

Cryptocurrencies are the best place to invest and grow money fast, the trend of cryptocurrencies is worldwide and many millionaires of the world like Elon Musk are coming in and investing in crypto so it will be popular in the long run.

Not because its popular we will ride on it without knowledge on how to gain profit from it. Always invest in something we know or we are willing to learn with. Crypto is volatile we must know what our status in investing in it if we can take the volatility and the high risk of it. It's good to start small and with the popular and top coins first  before going in newer coins that can add more risk whether they are legit or not.  

Crypto investment is not only about earning money but it was also gaining knowledge, in fact, we'd learn a lot and even change our behavior. As we would like to invest here, we have to accept that we need to change as well, and we need to adopt the system and clearly understand the volatility works.

There are a lot of ways to earn money, but we choose a crypto investment. I'm sure that many had made it wrong about investing in crypto and the reason why? That is probably because they don't know crypto in general and most likely, they'll think it was easy to manage. I'm just talking emotions and financial management.

[michellee]

You need to research for more to find if that is a good idea to invest using that or use the other to make decent rewards. There are many coins offers like that but without research, you will not profit from that. But if you really want to invest, you can invest in bitcoin and just hold for some time and I am sure the return will be high compared to the other coins, especially if you have many bitcoins that will be ready to sell at a high price. Staking will have its risk and if you do not know about the risk, you better not try it and leave it like that.

[camat gampong]

Staking has its risks mate if that project value goes down it will affect your rewards, if you can only stake the project on a exchange anything can happen to the exchange, don't ever believe that there is no risk involved in staking coins if anyone told you otherwise you've been lied to.

Yes, because basically all jobs always have their own level of risk that can't be separated from a weakness, so there is nothing remote about risk in this world, especially for the world of cryptocurrencies with very diverse concepts.

[palle11]

Staking has its risks mate if that project value goes down it will affect your rewards, if you can only stake the project on a exchange anything can happen to the exchange, don't ever believe that there is no risk involved in staking coins if anyone told you otherwise you've been lied to.

Staking valuable coin on reputable exchange is a little secured. Not all exchanges has what it takes to run that kind of program so we need to be careful. Usually it is better staking on the binance platform, I have a little above average confidence dealing with binance anyway and that is why I stake there when there is need.

[amihada]

I suggest that if you have money, you better invest in Ethereum or Binance Coin. I am very sure that if you invest these two coins, you will benefit in the future.

[justdimin]

https://app.anchorprotocol.com/earn

That seems too good to to be true

19% APY

I want something like this.

It seems that there is no risk. It's UST. Stable coin.

I would strongly advise against this if you are into it because of the 19% APY. First is that the stability of this token is not really proven. So, I would suggest that you go on Binance and get more stable token with even better APY such that even after bearish seen it will still recover.

You need to think twice about the practical approach when devs make such claims. Even they are returning 19%, its value will definitely not sustain which means even you are bag holding this token, its worth will be around zero hence you will never able to recover your initial money.

[sayulita]

This coin isn't trusted that much and chances of it going to go to the bottom very soon are higher than it going to moon. So that is the reason that people aren't talking about this coin. High APY can be sometimes misleading, even if you get 19% return over your invested amount of tokens but then also you can be in a situation where you have lost money as this coin is highly volatile, so most probably a market crash in the future would be inevitable.
I would suggest you to invest in more established investments that can land you big money maybe with a 6% or less APY as the market is currently in a bear cycle and when the price starts to rise again then it will surely be good to have your money invested somewhere safe rather than lying around here and there.