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Author Topic: Don't You Think the Power of Flexible Savings Counts?  (Read 132 times)
VicManton (OP)
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May 24, 2024, 06:29:05 AM
 #1

I've been exploring different ways to earn more from my crypto holdings especially in a volatile market, and flexible savings have been a great option. I’ve checked out several exchanges like Binance, Okex, and Bybit. For instance, Binance offers a 3.65% yield on USDT and 0.74% on ETH, which is decent but not the highest. Okex has a 3% yield on USDT and 1% on ETH, which is also solid but similar to traditional savings in some ways. Bybit's rates are lower, with 1.51% on USDT and 1.19% on ETH, which makes me think there are better opportunities out there.

So I expanded my research and discovered the apy on Bitget PoolX is 18.97% for USDT & 28.61% on ETH. The highest I've seen during this study. Maybe I'll expand my search. If you're holding ETH, I believe this is a way to grow assets without getting caught up in the day-to-day market fluctuations.

While I still use Binance and Okex for different reasons, I still believe that this means of increasing one's holdings can go a long way, because if one saves up $100K he would be getting $2K monthly and that's enough than risking to lose everything to high leverages, how do you see this to count for traders and enthusiasts?
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May 24, 2024, 12:02:13 PM
 #2

Is this $100,000 worth all your crypto assets? Or is that divided among your various cryptocurrency assets? Because if they have different crypto, that means they also have different percentages of stakes; is that yield or farming?

But if it's just a type of crypto, let's say the 100k$ is only in ETH. There are other platforms whose APY in ETH is at 4.8%, but let's assume its 5% APY, so the APY you can earn in your ETH worth 100k$ is around 500$. For me, it is low if I am in the crypto space; if their computation rate is like this, this is just my example. Of course, you are in the higher category that can be given.

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batang_bitcoin
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May 24, 2024, 01:05:49 PM
 #3

So I expanded my research and discovered the apy on Bitget PoolX is 18.97% for USDT & 28.61% on ETH. The highest I've seen during this study. Maybe I'll expand my search. If you're holding ETH, I believe this is a way to grow assets without getting caught up in the day-to-day market fluctuations.
I know that you're shilling this exchange but I cannot find that poolx and only find out the savings which is about 4.5% for USDT.
And with ETH, it is 3%.

While I still use Binance and Okex for different reasons, I still believe that this means of increasing one's holdings can go a long way, because if one saves up $100K he would be getting $2K monthly and that's enough than risking to lose everything to high leverages, how do you see this to count for traders and enthusiasts?
If I've got that amount, I won't be confident depositing it on any centralized exchange to be honest even with attractive rates.



 

 

 

 

 

 


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May 24, 2024, 01:52:10 PM
 #4

Both are terrible, trading with high leverage and also hold your asset in exchange to get interest with quite a large amount, although of course it all depends on each person's ability to lose that money, because when considering the interest that will be obtained from putting it there we must also take into account the risk of loss, even though the platform is trusted, there is still a risk for users to lose their assets there because there is no safe place to put our assets other than in wallet that we have access to PK, so don't focus on the $2000 but on the $100k you might lose.

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May 24, 2024, 02:03:11 PM
 #5

So I expanded my research and discovered the apy on Bitget PoolX is 18.97% for USDT & 28.61% on ETH. The highest I've seen during this study. Maybe I'll expand my search. If you're holding ETH, I believe this is a way to grow assets without getting caught up in the day-to-day market fluctuations.
I know that you're shilling this exchange but I cannot find that poolx and only find out the savings which is about 4.5% for USDT.
And with ETH, it is 3%.

While I still use Binance and Okex for different reasons, I still believe that this means of increasing one's holdings can go a long way, because if one saves up $100K he would be getting $2K monthly and that's enough than risking to lose everything to high leverages, how do you see this to count for traders and enthusiasts?
If I've got that amount, I won't be confident depositing it on any centralized exchange to be honest even with attractive rates.


I think some top exchanges pull billions of $$ in daily volumes.i don't think depositing that is risky, I just feel proper research needs to be done and stick with platforms with some good reputation. Here's what I got from Twitter. Also noticed PoolX is flexible & you earn hourly too. Might take a look further.
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May 24, 2024, 03:32:47 PM
 #6

I've been exploring different ways to earn more from my crypto holdings especially in a volatile market, and flexible savings have been a great option.

Adopt the DCA savings pattern and you could by this action reduce the rate to losses on your investment, ordinarily, we can make profits when we are investing on bitcoin and decided to hold it for some time, this will help us keep up with accumulating the coin and increasing the chances for profitability whereby we reduces the rate to lost on our investment, some who think they have the experience in trading could also go for it and trade.



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May 24, 2024, 04:59:07 PM
 #7

I've been exploring different ways to earn more from my crypto holdings especially in a volatile market, and flexible savings have been a great option. I’ve checked out several exchanges like Binance, Okex, and Bybit. For instance, Binance offers a 3.65% yield on USDT and 0.74% on ETH, which is decent but not the highest. Okex has a 3% yield on USDT and 1% on ETH, which is also solid but similar to traditional savings in some ways. Bybit's rates are lower, with 1.51% on USDT and 1.19% on ETH, which makes me think there are better opportunities out there.

So I expanded my research and discovered the apy on Bitget PoolX is 18.97% for USDT & 28.61% on ETH. The highest I've seen during this study. Maybe I'll expand my search. If you're holding ETH, I believe this is a way to grow assets without getting caught up in the day-to-day market fluctuations.

While I still use Binance and Okex for different reasons, I still believe that this means of increasing one's holdings can go a long way, because if one saves up $100K he would be getting $2K monthly and that's enough than risking to lose everything to high leverages, how do you see this to  count for traders and enthusiasts?
They way you have explained it is crystal clear but I haven't heard of this before and for sure I haven't tried this in the past. The perspective on which you have build your narrative is good and in this way we can save a large amount of money.

The biggest problem in crypto is volatility and you have claimed that this technique will solve the issue and your overall portfolio will be preserved and saved so it's a very unique claim.i hope it works.

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May 24, 2024, 09:37:49 PM
 #8

Not aligned i would never ever hodl a huge amount like $100k in any of the centralized exchange because what if they just disappear overnight and don't tell me it cannot happen with reputed exchange because we have already seen number of so called trusted and reputed exchanges disappearing from the market. $2k returns for $100k is way too low and if the market fluctuates especially for ETH then it would make it even worse.









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May 24, 2024, 09:44:12 PM
 #9

So I expanded my research and discovered the apy on Bitget PoolX is 18.97% for USDT & 28.61% on ETH. The highest I've seen during this study. Maybe I'll expand my search. If you're holding ETH, I believe this is a way to grow assets without getting caught up in the day-to-day market fluctuations.
I know that you're shilling this exchange but I cannot find that poolx and only find out the savings which is about 4.5% for USDT.
And with ETH, it is 3%.

While I still use Binance and Okex for different reasons, I still believe that this means of increasing one's holdings can go a long way, because if one saves up $100K he would be getting $2K monthly and that's enough than risking to lose everything to high leverages, how do you see this to count for traders and enthusiasts?
If I've got that amount, I won't be confident depositing it on any centralized exchange to be honest even with attractive rates.


I think some top exchanges pull billions of $$ in daily volumes.i don't think depositing that is risky, I just feel proper research needs to be done and stick with platforms with some good reputation. Here's what I got from Twitter. Also noticed PoolX is flexible & you earn hourly too. Might take a look further.

I understand what their volume is getting and there is no doubt that they get a lot. But the thing is, you don't hold the private keys whenever you deposit to an exchange. It's a centralized exchange and you have no problem if you trust them. However, that fact won't change even if you trust them solely and the entire volume of theirs is getting billions daily. Look at the most popular exchanges in the past, they were also trusted but what happened..



 

 

 

 

 

 


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May 24, 2024, 10:10:39 PM
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While I still use Binance and Okex for different reasons, I still believe that this means of increasing one's holdings can go a long way, because if one saves up $100K he would be getting $2K monthly and that's enough than risking to lose everything to high leverages, how do you see this to count for traders and enthusiasts?

Of course this really counts, somehow that matters in a huge difference for small time investors because having 100k capital investment was too big for an average trader. Only whales can have that huge amount of money, and I think traditional business owners who saves money still in doubt of trusting the security of their asset at crypto exchanges. Looking back at history, crypto market exchanges is likely to collapse once whales pulled out their asset in an unexpected situations. I just won't give details on everything, you just google it if you want.


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May 24, 2024, 11:27:33 PM
 #11


While I still use Binance and Okex for different reasons, I still believe that this means of increasing one's holdings can go a long way, because if one saves up $100K he would be getting $2K monthly and that's enough than risking to lose everything to high leverages, how do you see this to count for traders and enthusiasts?

Of course this really counts, somehow that matters in a huge difference for small time investors because having 100k capital investment was too big for an average trader. Only whales can have that huge amount of money, and I think traditional business owners who saves money still in doubt of trusting the security of their asset at crypto exchanges. Looking back at history, crypto market exchanges is likely to collapse once whales pulled out their asset in an unexpected situations. I just won't give details on everything, you just google it if you want.
When we want to buy bitcoin, we don't have to buy it at a price of $100k. We can buy with a minimum amount of $100 but we also have to understand that the profits we get when using very large capital and small capital will be very different. The more capital we use, the higher the profit we can get from the trading we do.

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May 25, 2024, 01:39:11 AM
 #12

Your idea of how you could increase your assets while holding is quite a nice way but your absolutely not the first to think this way, well i wouldn't let my self to put in my money where I'm certainly not sure its save so prefer to hold my assets especially bitcoin because I don't have Ethereum, in a self custodian wallet which I'm rest assured it's safe to an extent even though it wouldn't be yielding profit as to when staked in any of the exchange.

Now from your research, Bitget Poolx has the highest ROI, one thing I can tell you is the lower the return you get in a year then safer your investment is but the Poolx for me is one of the highest kind of risk you would be taking as you're not sure what will be the next step of the poolx. Anyways everyone is entitled to his or her own risk if you can risk it then just do it.

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May 25, 2024, 02:29:59 AM
 #13

be sure to diversify despite difference in APY its essential not to mention there's always chance that the exhange collapses just like what happened long ago, however i just never have the will to invest in these flexible savings the APY is not attractive enough also are you sure that bitget's APY rate isn't promotional one, lately they've been doing frequent promotion probably to boost their popularity, but personally I just prefer to just stakte using liquid restaking protocol because these flexible savings are only suited for people with big capital, if we have low capital sub $100k we only getting peanuts here.

moreover some the APY offered by the exchange above so small that it doesn't really matter but if your capital reached 7 figure then the profit will be worth it, but at that point will you be willing to stake your money in these exchanges with all the risk of collapse?

..Stake.com..   ▄████████████████████████████████████▄
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May 25, 2024, 05:30:08 AM
 #14

So I expanded my research and discovered the apy on Bitget PoolX is 18.97% for USDT & 28.61% on ETH. The highest I've seen during this study. Maybe I'll expand my search. If you're holding ETH, I believe this is a way to grow assets without getting caught up in the day-to-day market fluctuations.
I know that you're shilling this exchange but I cannot find that poolx and only find out the savings which is about 4.5% for USDT.
And with ETH, it is 3%.

While I still use Binance and Okex for different reasons, I still believe that this means of increasing one's holdings can go a long way, because if one saves up $100K he would be getting $2K monthly and that's enough than risking to lose everything to high leverages, how do you see this to count for traders and enthusiasts?
If I've got that amount, I won't be confident depositing it on any centralized exchange to be honest even with attractive rates.


I think some top exchanges pull billions of $$ in daily volumes.i don't think depositing that is risky, I just feel proper research needs to be done and stick with platforms with some good reputation. Here's what I got from Twitter. Also noticed PoolX is flexible & you earn hourly too. Might take a look further.

I understand what their volume is getting and there is no doubt that they get a lot. But the thing is, you don't hold the private keys whenever you deposit to an exchange. It's a centralized exchange and you have no problem if you trust them. However, that fact won't change even if you trust them solely and the entire volume of theirs is getting billions daily. Look at the most popular exchanges in the past, they were also trusted but what happened..



I understand your point I use dex too, but you can't completely rule out cex influence and investment in the crypto space. They still play a major role. Since the FTX saga I think some exchanges are taking rensponsibilty rn. Bitget POR funds & merlkle tree, binance safu funds and I think bybit has some too. Those are examples. I believe we shouldn't ignore their effort because the past has been rocky..there's still more to discover mate..
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May 25, 2024, 10:43:43 AM
 #15

I understand what their volume is getting and there is no doubt that they get a lot. But the thing is, you don't hold the private keys whenever you deposit to an exchange. It's a centralized exchange and you have no problem if you trust them. However, that fact won't change even if you trust them solely and the entire volume of theirs is getting billions daily. Look at the most popular exchanges in the past, they were also trusted but what happened..
I understand your point I use dex too, but you can't completely rule out cex influence and investment in the crypto space. They still play a major role. Since the FTX saga I think some exchanges are taking rensponsibilty rn. Bitget POR funds & merlkle tree, binance safu funds and I think bybit has some too. Those are examples. I believe we shouldn't ignore their effort because the past has been rocky..there's still more to discover mate..
Yeah, the centralized exchanges are doing better every time there's some issue that has happened to one of their kind. My point isn't about them improving their service because no matter what improvement they do to their customers and for their services. It won't change the fact that you will have no custody anymore when you started to deposit your funds there. But as long as the depositor knows that fact and can afford to stake that much USDT or any amount on them, it is his/her responsibility and risk that's being taken.



 

 

 

 

 

 


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May 25, 2024, 04:36:12 PM
 #16

Your idea of how you could increase your assets while holding is quite a nice way but your absolutely not the first to think this way, well i wouldn't let my self to put in my money where I'm certainly not sure its save so prefer to hold my assets especially bitcoin because I don't have Ethereum, in a self custodian wallet which I'm rest assured it's safe to an extent even though it wouldn't be yielding profit as to when staked in any of the exchange.

Now from your research, Bitget Poolx has the highest ROI, one thing I can tell you is the lower the return you get in a year then safer your investment is but the Poolx for me is one of the highest kind of risk you would be taking as you're not sure what will be the next step of the poolx. Anyways everyone is entitled to his or her own risk if you can risk it then just do it.
No risk no reaward bro and besides, from experince POOLX is a short term staking event with a better APR. Imho, risk is inherent in the crypto space, self costody and staking asset have their risks but the later have more earing opportunity which alway put us in a good posiion by earning more. It's a good to be scared about assets security but i feel Bitget also deserve some accolade not being among exchanges to have experience security exploit of any kind since inception and their costomer protection fund is one aspect that should give users the reason to feel safe but ultimately, it come down to one's conviction and decision
God bless u
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May 25, 2024, 05:01:14 PM
 #17

Your idea of how you could increase your assets while holding is quite a nice way but your absolutely not the first to think this way, well i wouldn't let my self to put in my money where I'm certainly not sure its save so prefer to hold my assets especially bitcoin because I don't have Ethereum, in a self custodian wallet which I'm rest assured it's safe to an extent even though it wouldn't be yielding profit as to when staked in any of the exchange.

Now from your research, Bitget Poolx has the highest ROI, one thing I can tell you is the lower the return you get in a year then safer your investment is but the Poolx for me is one of the highest kind of risk you would be taking as you're not sure what will be the next step of the poolx. Anyways everyone is entitled to his or her own risk if you can risk it then just do it.
Can you please share what were the results when you applied this technique to your investment strategy and what are the props and cons of using this idea.

It would be really helpful for all of us if we get to know how exactly we could minimise the side effects of this technique and boost our portfolio by implementing the strategic power explained In this.

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May 25, 2024, 08:15:19 PM
 #18

Your idea of how you could increase your assets while holding is quite a nice way but your absolutely not the first to think this way, well i wouldn't let my self to put in my money where I'm certainly not sure its save so prefer to hold my assets especially bitcoin because I don't have Ethereum, in a self custodian wallet which I'm rest assured it's safe to an extent even though it wouldn't be yielding profit as to when staked in any of the exchange.

Now from your research, Bitget Poolx has the highest ROI, one thing I can tell you is the lower the return you get in a year then safer your investment is but the Poolx for me is one of the highest kind of risk you would be taking as you're not sure what will be the next step of the poolx. Anyways everyone is entitled to his or her own risk if you can risk it then just do it.
No risk no reaward bro and besides, from experince POOLX is a short term staking event with a better APR. Imho, risk is inherent in the crypto space, self costody and staking asset have their risks but the later have more earing opportunity which alway put us in a good posiion by earning more. It's a good to be scared about assets security but i feel Bitget also deserve some accolade not being among exchanges to have experience security exploit of any kind since inception and their costomer protection fund is one aspect that should give users the reason to feel safe but ultimately, it come down to one's conviction and decision
Perhaps you're correct from a decent perception that since life generally is full or risk, whether you take it or not you're still in one way or the other taking risk as the results will show for it.

Personally, I have a whole of lot research concerning staking some assets with pools for a bigger ROI but I found it very uncomfortable to give away my assets for some return which seems convincing to our own perspective whereas this pools are making almost 10x of what your are offering to give you at the end of a year. I'm not tryna discourage your feelings towards risking your assets for more but I just feel it's not too necessary especially when you don't know what and how a pool operates apart from what you read in their terms and conditions of investment.

Alot of people could build trust and destroy them for opportunistic profit, you can find stories of distrust in the crypto space which can be a good reference to what I'm saying.

Conclusively, life itself is risk but in cost of taking risk you can limit or avoid loses by taking some good steps away from profit.


✂️
Can you please share what were the results when you applied this technique to your investment strategy and what are the props and cons of using this idea.

It would be really helpful for all of us if we get to know how exactly we could minimise the side effects of this technique and boost our portfolio by implementing the strategic power explained In this.
Perhaps, since life generally is full of risk one can deep his or her hands into the ocean without minding the sea creatures what could devour them but at least when investing in any pool you should pay more attention to security, safety and not just high rewards as they could be significant of high level of risk.

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May 26, 2024, 04:02:04 AM
 #19

I think, you know that holding a huge amount of money in the centralized currency is a big risk that will make you not to grow income like those that invested in decentralized currency, because centralized currency don't use to increase higher like the way decentralized currency use to increase to cause investors to achieve income. I know that Ethereum, and Bitcoin can give you such income in the exchange market which I have experienced such increase with some exchanges marketers that made me to use binance exchange to trade my coins to have the opportunity to experience their bonus. You can achieve the bonus from those exchange, but let your holding be a huge amount of money that will be making the income massive in every month.

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May 26, 2024, 09:22:05 AM
 #20

Of course this really counts, somehow that matters in a huge difference for small time investors because having 100k capital investment was too big for an average trader. Only whales can have that huge amount of money, and I think traditional business owners who saves money still in doubt of trusting the security of their asset at crypto exchanges. Looking back at history, crypto market exchanges is likely to collapse once whales pulled out their asset in an unexpected situations. I just won't give details on everything, you just google it if you want.
When we want to buy bitcoin, we don't have to buy it at a price of $100k. We can buy with a minimum amount of $100 but we also have to understand that the profits we get when using very large capital and small capital will be very different. The more capital we use, the higher the profit we can get from the trading we do.
And $100 is still high for someone who are unfortunate. I think there is no minimum amount in buying a BTC, although some exchanges and wallets with built-in exchanges can set it. I still believe that many of them has a minimum lower than $100. We only need to keep on looking if in case we end up on an expensive platform.

Investing is obviously risky, so we must not think about the profits at all times but we must also think about the losses that we can get once we are not successful with our attempts. This is why it's also better to use only a small capital and this does not mean that you can not grow it into a big one. You still can do it slowly but surely.

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