Thanks for all the input guys. Such an interesting, and potentially dangerous ha ha, thing to get into.
I'm a newbie to the Crypto market and bought in to Bitcoin via Coinbase three weeks ago at over £41k only to see it drop to £30k within 48 hours. Not to be put off I decided to lump in a bit more at £31k. I'm now back up to evens with all that I've put in, such is the crypto rollercoaster.
Having listened to other investors on here (that appear to know what they are doing) the advice I took and plan I have is similar to you own. Buy and hold on to whatever I have for at least five years. I'm not going to diversify as my belief (deluded as it may be) is that this currency will be the market leader over time.
RFI infinity pool (with no impermenant loss) launching today as well... I’m gonna be spending a fortune on gas fees today aren’t I?
How have they managed that?
you only stake one token, not two, not only does the RFI in the pool continue to accrue the rewards you'd get if you just held in your wallet, you're also rewarded ELE tokens, which also reward just by holding like RFI - and you can stake them in the infinity pool as well. This means there's absolutely no reason to provide liquidity on uniswap (RFI/ETH LP is hardcoded not to recieve RFI rewards) and we all know what happens when supply goes significantly below demand...
Ahhh, okay...Can't imagine the APY is all that high then?
APY entirely depends on the volume of transactions, as from any transaction 0.5% of it is burned forever and another 0.5% is distributed proportionally to every single holder of the token. So more volatility in price = more tokens appearing in your wallet.
I think from what i've got so far with RFI it's been about 25-30% apy. But as the price goes up, the more that's likely to grow.
think bitcoin's getting rejected. Will probably be downwards until up only resumes when we hit 52k in 3-4 days - this would also print a cup and handle on the day chart
think bitcoin's getting rejected. Will probably be downwards until up only resumes when we hit 52k in 3-4 days - this would also print a cup and handle on the day chart
think bitcoin's getting rejected. Will probably be downwards until up only resumes when we hit 52k in 3-4 days - this would also print a cup and handle on the day chart
Strong last hour
Yeah scratch what I said, resistance broken and ath broken, 60k incoming
Ahhh, okay...Can't imagine the APY is all that high then?
APY around 300% atm, with 10% of all RFI locked in the infinity pools, that's on top of the ordinary rewards which is about 25% APY. Gas prices are obscene at the moment, gonna wait before staking.
Ahhh, okay...Can't imagine the APY is all that high then?
APY around 300% atm, with 10% of all RFI locked in the infinity pools, that's on top of the ordinary rewards which is about 25% APY. Gas prices are obscene at the moment, gonna wait before staking.
APY now 133%, with 16% of all RFI in the infinity pool and Elevate's APY being 628%. Can some one bring gas fees back down again?
Ahhh, okay...Can't imagine the APY is all that high then?
APY around 300% atm, with 10% of all RFI locked in the infinity pools, that's on top of the ordinary rewards which is about 25% APY. Gas prices are obscene at the moment, gonna wait before staking.
APY now 133%, with 16% of all RFI in the infinity pool and Elevate's APY being 628%. Can some one bring gas fees back down again?
Yes Gas fee's are ridiculous, I'm not buying alt coins until it's more reasonable.
I tried to shift a small amount of ERC20 coins to Celcius Wallet to collect some free passive money, and the gas fee weren't worth it, couple of £200 to move a few quid
I tried to shift a small amount of ERC20 coins to Celcius Wallet to collect some free passive money, and the gas fee weren't worth it, couple of £200 to move a few quid
to stake my RFI I'd basically have to pay the same amount in gas fees. Just think about the next bull run when ETH will be proof of stake and we can go back to paying pennies.
Comments
I'm a newbie to the Crypto market and bought in to Bitcoin via Coinbase three weeks ago at over £41k only to see it drop to £30k within 48 hours. Not to be put off I decided to lump in a bit more at £31k. I'm now back up to evens with all that I've put in, such is the crypto rollercoaster.
Having listened to other investors on here (that appear to know what they are doing) the advice I took and plan I have is similar to you own. Buy and hold on to whatever I have for at least five years. I'm not going to diversify as my belief (deluded as it may be) is that this currency will be the market leader over time.
Good luck.