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Who’s buying/investing in what coin?
Originally Posted by
*XXL
Staking is essentially putting it aside in a pool to earn interest.
Last edited by littlefrank; 06-05-2021 at 03:36 PM.
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Originally Posted by
*XXL
Earn interest. Edited it.
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Originally Posted by
littlefrank
Earn interest. Edited it.
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So you take your profits, stake it, that earns interest and doesn’t drop or go up based on the market it? Can you transfer it back when we you want?
EXO-GEN 
Beyond Human Genetics
List: [email protected]
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Originally Posted by
littlefrank
Earn interest. Edited it.
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Looks like in Atomic you can’t stake btc?
EXO-GEN
Beyond Human Genetics
List: [email protected]
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Originally Posted by
*XXL
So you take your profits, stake it, that earns interest and doesn’t drop or go up based on the market it? Can you transfer it back when we you want?
EXO-GEN
Beyond Human Genetics
List:
[email protected]
Naw man, it’s essentially like a savings account but better. So let’s say Polygon for instance is a crypto I buy. I buy it on coinbase or wherever and I send it to Celsius wallet. Celsius for Polygon is 14% APY (now 10.9% they lowered it them bastards) and it collects that interest because that’s their promotion. So say it’s a flat 10% and you have $1000 worth of polygon. Each year you will earn $100 dollars. But the kicker is when the market moves up or down that’s what it’s collecting interest on. So say all the sudden your $1000 in polygon doubles over night (a super very unlikely scenario) you’ll start collecting interest on $2000 worth instead of 1k. It’s a win win. No matter what you’re collecting free crypto.
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Originally Posted by
*XXL
Looks like in Atomic you can’t stake btc?
EXO-GEN
Beyond Human Genetics
List:
[email protected]
No but on Celsius wallet you can.
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Originally Posted by
*XXL
That’s what I like to hear. Gonna drop $500 into this dip. I mean it’s not the first time lol.
EXO-GEN
Beyond Human Genetics
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These dips are blessings and I’m constantly making returns with BTC. Sats are sats no matter how small.
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Originally Posted by
littlefrank
No but on Celsius wallet you can.
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K so I put profits in, they gain interest. But I can withdraw or move back to btc whenever I want right?
EXO-GEN
Beyond Human Genetics
List: [email protected]
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Originally Posted by
*XXL
K so I put profits in, they gain interest. But I can withdraw or move back to btc whenever I want right?
EXO-GEN
Beyond Human Genetics
List:
[email protected]
Yeah, you don’t have to put just profits in. I put just whatever gains interest in. So if I buy $500 worth of a coin and it can gain interest on a wallet I’ll transfer the $500 over. Collect APY on it, and yes it’s your money, your coin, you wallet. You remove it and send it back to your exchange whenever you want. So say in a year you want to send the money you earned back and take it out you can. It’s never not yours.
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Originally Posted by
littlefrank
Yeah, you don’t have to put just profits in. I put just whatever gains interest in. So if I buy $500 worth of a coin and it can gain interest on a wallet I’ll transfer the $500 over. Collect APY on it, and yes it’s your money, your coin, you wallet. You remove it and send it back to your exchange whenever you want. So say in a year you want to send the money you earned back and take it out you can. It’s never not yours.
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Any other wallets besides Celsius that stake btc?
EXO-GEN
Beyond Human Genetics
List: [email protected]
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