What are we doing with Crypto?

I’m torn about this, because I’m not too confident on the CEL token; it’s quite literally a utility to get cheaper prices via Celsius. Surely it only becomes really valuable when companies like Tesla want to leverage their Bitcoin and 25% off of fees is a sizeable chunk of 1bn$

imo CRO is a declining asset, MCO was a lot better

Yes but I mean the amount you have to stake now isn’t X amount of coins, it’s whatever X amount of coins £300/3000/30000/300000 is

These are all valid points. The Cel token is limited and Celsius has to buy them to pay out. When I first got in on it they were 25p, they are now £4.60 and as I hold many different coins and tokens in it I get a fair payout in Cel.

I would agree with you about Cro and I’m only in it as they support a token that Celsius doesn’t.

I know I have lost about £500. HODLING!

True, but with the recent mainnet release and burn of tokens, I think it has some potential, especially if crypto.com improve their offerings.

Don’t forget to convert your ETH to BETH and get those sweet staking rewards.

That is true, I don’t buy crypto with a card anyway, too expensive.

Celsius are profitable and can afford it, I don’t see it necessarily going to £100 in 3 days but I do see it slowly and surely going up over the next 5-10 year period, at a rate of probably higher than 10% APR. As a result, I get my TGBP interest paid in CEL, because it pays at 12.65% and gives me whatever upside CEL earns on top of it in growth

This is one I’d recommend paper handing. Swap over to ETH and HODL there. My money is on ETH 2030 is at 20k

They’re probably paying a lot for the visa partnership, doubt this is a priority of theirs when they own crypto.com as a brand and can leverage it heavily

? Binance Chain wrapped ETH? I get 4% PA or something now on my ETH with Crypto.com and I’ll probably send it over to Celsius post-stake ending

Not sure if I want to park some money with NEXO too, NEXO token could be somewhat lucrative since they pay 30% of profits out as dividends (via repurchasing I think?)

Isn’t it free w/ Binance or CDC; at the very least it’s cheap

$SHIB is a Ponzi. Wouldn’t have touched Doge let alone that.

1 Like

No, it’s beacon ETH which introduces proof of stake to the ETH ecosystem. So basically you’re staking ETH to secure the network (Read this for more info: The Beacon Chain | ethereum.org). I currently use Binance to trade my ETH to BETH and it gives you around 7.1% staking rewards, all you have to do is hold BETH in your spot wallet.

Bank transfer is way cheaper on Binance, 0% fee for transfers and 0.075% for trades.

Is BETH ETH 2.0 or? I was under the impression ETH 2.0 introduced staking

But 7% interest huh, I’ll probably move that over to Binance after my CDC stake is over

Yep, I just felt adventurous. :rofl:

1 Like

I bought Matic for the Interest on Celsius. Then days later it went from 2p to £1 then hit an ATH of £1.67. It’s now around 50% of my Portfolio and I got just over $20 interest in Cel from it.
I expect it to tank any moment :grimacing:

Heard good things about Celsius, will check it out if you still have that invite code :stuck_out_tongue_winking_eye:
I’ve also used Nexo in the past but now mostly staking on Kraken / Hotbit because they support all the Polkadot ecosystem coins.
Which coins are you staking? Would be great if one platform could do all of them :thinking:

I mainly use Celsius and binance Earn

Join Celsius Network using my referral code 1567855d57 when signing up and earn $40 in BTC with your first transfer of $400 or more! #UnbankYourself

Also curious, do any of you know what banks are decent for crypto? Starling have blocked being able to use your debit card for it + blocked being able to transfer to exchanges

I use RBS to send money to Binance. Never had an issue. Also no fees when you send it by Bank Transfer.

Ah I’ll give transferring from Child & Co a try then as they’re part of RBS

Sorry in advance for turning this conversation a little morbid… but what would happen to your crypto in the event you unexpectedly died? :sweat_smile:

Would it be lost forever? Can it be added to a will? Would you share your private keys with someone…?

If you’re the only one with your private keys, then yes, they’re lost forever.

1 Like

Print your private keys and put them with your black book. Easy

1 Like

Would this make you think twice about investing too much into crypto?

Haha have you put a plan in place like this?

Not really, got them written down and if they’re lost, I’ll be dead anyway :man_shrugging:

3 Likes