Pump is all good but are you taking profit and getting ready for the retrace?
It will happen soon you know that. Don’t make the same mistakes as before Chads, protect your gains!
Are you taking profits Chad?
Pump is all good but are you taking profit and getting ready for the retrace?
It will happen soon you know that. Don’t make the same mistakes as before Chads, protect your gains!
What the fuck are you talking about?
It’s only UP from here
You will be surprised to see us dump soon, so it's best you take partial profit on the way up
Rekt degen spotted. Keep it up cos we need the exit liquidity at the end of the day.
Sounds like a plan! You're better off farming those stables on yield aggregations rather than single yield generators though. Don't ask me why!!!
The same goes for the assets you're holding. We need to milk the shit out of this bull run aaaaaahhhhhh!!!
Once you buy, stake multiple assets at once until you decide to take profit. Don't lock'em though
>Don't lock'em though
If you still stake on protocols that require you to lock your assets, then there must be something wrong with your brain. Having no lock period gives you the leverage of unstaking at any point(for stables especially) when you get a good buy opportunity. "My funds were locked" sounds quite alien to me now.
Everyone knows that yield aggregators offer more yield and better risk management
and that's exactly why it's gaining more traction.
Sadly not everyone; some people are still stuck in the Web of CEXs and single yield generators. Sadly, only unfortunate events can make them see the better options that exist elsewhere. Remember the recent Curve exploit, it tipped more users into using aggregators but some remained there.
No profit until a new ATH, so we keep buying and we keep pamping
Playing the long game is also an option of course but why not TP now and then buy low again?
I selled, i think there will be 1 more dump before the next bull run
TAX
and how the fuck does the tax man know you swapped $400 of fucking pepe to TRX on a wallet with no KYC?
I will keep fuckin holding. No sell until the end of 2024
Welcome to be my exit liquidity in the coming ways
if hes not selling then how is he 'le exit liquidity', retard?
Take profits along the way, farms those stables until another retracement, buy the dip and repeat
Most of the stable staking options' APYs are shit. Better than nothing though
Depends. Generally, if you stake stablecoins and only get the APY they are too little. If you get additional rewards, incentives, native token emissions, etc they become interesting
You call 10-15% APR shit, I guess you want to get rugged
>Most of the stable staking options' APYs are shit.
You probably haven't looked at the APRs of Defi farms in recent times. It has improved so much that some protocols now allow you to create your own smart vault and decide your own APR based on your preferred risk appetite. Wake up fag!
This isn't as easy as it looks with gas fees, balancing the pf and many other things
Automate it with a protocol that optimizes the gas for you. Not as hard as it sounds you illiterate fuck
>>want to automate it
>> don't want to code everything yourself
>> find a software to do it
>> it steals your coins.
Get a project with a buffer system that can also automate all the process
SpoolFi is one of the few platforms with this feature. gas fees on eth can get outrageous
The devs were smart to come up with a feature that pools transactions into batches. Don't think I've seen such on any other platforms until I came across it on here.
please don't sell marines! wagmi, but only if you don't sell
I continue to DCA and hold until what I believe is the peak of the next run.
I will not incur taxable events along the way that will fuck me up the ass.
Simple as.
Converting your profit to stables which you can stake for passive income won't incur any tax on you, so it's just about acting smart
for how long have you been playing the system?
> ROI on stables are usually low.
> ROI on stables are usually low.
Unless you get additional rewards or tokens other than stables
We need more of those integrations
auto-compounding profits to capital would also make earnings on stables a little more reasonable..
If it doesn't give me a "set it and leave it" feature, I don't want it. I haven't hit the compound button on my defi vault in almost a year because I don't need to, already programmed to ease my stress
Which protocol has all that features?
I've been enjoying these on SpoolFi(I also had similar experience on Yearn before I made the switch). Pretty much most innovative Defi protocols can do these now.
I wish we can go back to DeFi season where we had 100% APY and more
We should get that in the bull market, so prepare ahead for it or lose out
ROIs are not low if you are on DeFi platforms.
CEXes offer around 2-4% but we can get as high as 10% on DeFi platforms
i get around 14% on spoolFi. that's way better than most CEXs around
Yes it will retard, at least in the US, any trade is a taxable event
Question:
If I had put $1000 in something at (to simplify) 0.00001 a few weeks ago and it's now at 0.001, would that 1K have been 100K now?
Or does Crypto come with a bunch of fees and taxes to watch out for? Smarter to just use the crypto to buy stuff directly where possible?
Yes
The only fees for crypto are the transaction fees, gas and fees taken by coinbase for example. And of course taxes due to the government for incurring a taxable event
But there are no fees for holding, so that 1000 would be worth 100k, just like a stock.
I appreciate the insight, thanks.
Depends on where you made the purchase; on chain is always cheaper.
Where are you getting 10-15% for stables?
I'm using Beafyfinance and SpoolFi, and they both offer APRs within that range
The latter even offers far more higher APRs. It all depends on your risk appetite/tolerance tbh
I checked now and the highest that I see is 4.5%, so where did you get the 15% APR?
You can create your own vault where you will use strategies with high yield instead of using the already existing ones
i also use both spool and beafy. they both have unique characteristics
Noting that down, thanks.
i've been selling some ETH because i needed the money
too bad. You could have made a bunch of money through LSD protocols such as Curve or Pendle. Or a middleware that integrates them both like Spool
I'm still staking some of my stables there
be sure to buy back before we get to 20k
I bought what you sold. Sell more biztard!
>Or a middleware that integrates them both like Spool
I thought they only had partnerships with RocketPool and StakingRewards which will allow their users leverage on rETH and srETH? Are you sure of what you're saying?
what exactly are you taking profits off?
If you bought the dip, you will be in profit by now, so get your strategy right before the bull market
I'm taking profits alot, first on INJ, then Cake and Bake, now ETH.
Looking more into upcoming IDOs launch of KIMBERLITE which has an ongoing Zealy task with a last rewards pool which you can partake in as well.
Takes a disciplined mind to TP in the midst of the euphoria though. A good move is to have a plan on how to deploy the profits after exiting positions.
>-75%
which part of never selling don't you understand?
Everyone keeps talking about "take profits" but I still haven't made any money wtf are you guys holding that's going up? My shit is still flat ;-;
once you get high enough, get your initial investment out. Then worst case scenario everything dumps hard you walk away no worse for wear.
throwing my profits into blackswan because i have braincells
I made 2K today in profits and quit my job. Fuck working for the man! It's all crypto from now on.
kek... who is gonna tell this retard that you can lose your life savings in one go..
It depends on what you're doing with these your life savings. If you're foolish to give it all to memes, then you're gonna lose it all in a blink; the smarter ones will opt for safer means of earning like leveraging these life savings across Defi vaults(preferably on aggregators for better risk diversification)