I have been in the crypto world for a few months now, and this is truly like playing at the casino: either you get lucky, or you lose everything. No matter how many "experts" there are analyzing charts and all that, what really matters here is having the luck for your initial investment to multiply by 2 or more. And the luck of this can even be well complemented by staking. Just imagine that you invested €300 in a cryptocurrency that gave you a lot, which you have been holding for years and staking. And on top of that, you have it locked (which technically gives more rewards).
I have #Om in staking (with an average cost of €4.16) locked. With the campaign of #pepe I have been exchanging the daily staking reward of om for other cryptos, to obtain the daily bonus of 200 pepe. There are 11 days left until the pepe campaign ends. Do you recommend that after the 11 days I stop exchanging for other cryptos, or should I keep exchanging? Keep in mind that it generates approximately 4 cents daily.
I have an amount of #OM of 5.29. Since every day I generate approximately 0.01€ in staking, I have thought about converting the other cryptocurrencies I have into #axs and staking them as well.
From what I will be earning with the daily rewards, my goal will be to convert the daily rewards from staking into other cryptocurrencies.
In the meantime, I will be transferring the rewards from #om to #axs , since I have 17 days ahead of me to make everything go as I have planned.
Hello people, I have #om locked in staking. It's not a large amount, as I have approximately 5.2. With the daily reward, I can convert it to any cryptocurrency. For now, I am doing it with #AXS Would you recommend that I leave the daily reward in flexible staking, or should I convert it to axs, or even to another cryptocurrency?
Andrés, I am trying to do staking with several cryptocurrencies.
Be careful when doing the locked staking. Basically, if you hit withdraw by mistake, you will be unable to use them for 72 hours, and the generated rewards will be deducted from your final balance, unless you have a cryptocurrency locked with an airdrop, like VET, which gives you VTOH. On the other hand, locked staking will only be profitable if you project that your cryptocurrency will maintain the same price or increase it by a certain day.
Additionally, the flexible option does not have withdrawal conditions.
Finally, there is a better option, which would be to stake stablecoins, like #usdc or #euri , although keep in mind that you won’t see significant gains unless you invest more money and spend more time staking them.
Honestly, in the crypto world, the one who wins is the one who has the most amount of a cryptocurrency, which they bought at a super low price and has appreciated a lot; or who has more money and can afford to buy more than others.
This can even be seen to the point that by staking a cryptocurrency, you can have free money daily if you meet both conditions.
To what extent is it profitable to do staking, in locked mode, of a cryptocurrency that rewards you with another at the end of the process? Example #ont #ong
Put a little money into a cryptocurrency, and put it in staking and leave it there for several years. Honestly, if you can get crypto rewards and not put money in, all the better.
Zloop_It
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Hello! I'm new to this and to be honest it scares me and causes me a lot of uncertainty about the process. I don't know some of the terms that are used, but you learn by making mistakes. I'm not coming with the mindset of becoming a millionaire, but to learn ✨
You can leave your recommendations and tips, I would be completely grateful 👌
It's like the bank gives you money, and in x years you have more. (Amount) The longer you leave it, the more crypto you receive; however, the monetary value can benefit or harm you. The best thing is to stake #usdc .
Libby Iglesia Q6Rw
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I am just starting with this cryptocurrency thing and I don't know what the earn section means, can someone explain it to me in a not too complex way
This is from someone who has been in cryptocurrencies since November of last year. If you don't want risk or anything, invest in #usdc or #euri and put them in long-term staking. You won't earn much, but you will be gaining.
Gisele Majano GDcA
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I have 50 euros in Binance that I withdrew a while ago from Trump, where do you recommend I put them?
A question, does the bank recharge have the same commission regardless of the amount recharged? And how much do they charge you in commission for withdrawing?
I bought $PEPE not thinking in the short term but in the longer term, I know it was not the best or the best decision but I do not think this token will go to 0
Do you want risk or not? Generally, if you don't want it, there is an option to convert cryptocurrencies from Binance, and I would put everything to #usdc and do long-term staking, with automatic rewards. If you want risk, then stake the cryptocurrencies you have; look for cryptos that have a good APR for staking rewards, check the price of the cryptocurrency since its inception, try to predict the future, and that's it. For example, the best right now for staking is #BNSOL
Edtarlin
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I am new, as you can see my portfolio, I just started 🥲