What do you mean by gambling by stacking? This not very clear question.
Do you mean gambling the earning from stacking or what?
It's staking, not stacking. Do you mean gambling the earning from stacking or what?
Topic: Gambling by Staking,EOS and TRON, How do we do it? - page 2. (Read 415 times)
What do you mean by gambling by stacking? This not very clear question.
Do you mean gambling the earning from stacking or what?
Do you mean gambling the earning from stacking or what?
This is somewhat considered "gambling" since its not considered risk free. He just needs to hope that EOS, doesn't crash in the next year so he could earn 5% off staking.
Actually trusting EOS (TRON too) is the biggest gamble ever here.
Most shitcoins have limited supply but there isn't a limited supply on the number of shitcoins. That's why coinmarketcap's top 20 list changes constantly (except for bitcoin) for the last 10 years.
If you are going to stake (i use this term as the same meaning as holding here) a coin, stake Bitcoin. Go own all the feathercoins if you like now. Damn thing is dead and while EOS itself started as a scam, I wouldn't be surprised if it leaves the top 20 list in a year or so. Especialy while there are legit scam accusations like these:
https://medium.com/swlh/are-the-collusion-allegations-on-eos-true-is-eos-ico-a-scam-complete-analysis-b71b49a0158b
https://ambcrypto.com/bitcoin-btc-developer-says-eos-is-a-scam-and-the-platform-would-not-benefit-new-developers/
edit:
Bonus article for TRON
https://reddit.com/r/CryptoCurrency/comments/affx0v/tron_was_and_will_always_be_a_shitcoin_all_they/
https://www.theblockcrypto.com/tiny/tron-blockchain-cannot-handle-the-tokenization-of-bittorrent-claims-former-exec/
When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.
This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.
This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.
5% a year taken on its own doesn't look very appealing
On the other hand, if you make it part of some sophisticated strategy, it may be at least worth looking into. Regarding hedging, I don't think you will have to pay much as interest (definitely less than 5%) as these coins are not wildly popular for margin trading
Technically, it may be worth the money and effort if it is kind of shoot and forget thing. But how safe would those coins be if you are going to stake them? I mean, are they backed up by the blockchain itself or it still involves a third party, which can run away with your money at the end of the day? Sorry, I'm not very familiar with the matter, so bear with me
If you go to https://www.bitfinex.com/stats
And look at EOS, currently it costs 0.022% per day to margin trade it. Its basically what he would need to do to make sure the value of the underlying doesn't decrease since his primary focus is to make money and not to accumulate more EOS.
So 0.022% is about 8% per year, so if he staked his entire account balance, got 5% in staking revenue, he would be at a loss so he can't hedge against the underlying falling. Yes I understand sometimes the rate is lower but sometimes its also higher
The catch is that I actively use Bitfinex for hedging myself
That basically means I know first-hand which rates you actually get there if you are involved in this kind of thing. So it is not like sometimes the rate is lower and sometimes higher. To be more specific, now I have bitcoins borrowed for one month with an interest of 0.002501% daily (which is below 1% yearly), zcash borrowed for a month with an interest of 0.001101% daily (around 0.4% yearly). And with EOS specifically, interest rates can be completely irrelevant, something like 0.0000023% daily
Just in case, there were times when I borrowed bitcoins with as low an interest as 0.000079% daily
Next time please be sure that the information that given will be understand so that the people here gives information to you also
It looks like you should consult a grammar guide before giving out advices like this one
When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.
This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.
This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.
5% a year taken on its own doesn't look very appealing
On the other hand, if you make it part of some sophisticated strategy, it may be at least worth looking into. Regarding hedging, I don't think you will have to pay much as interest (definitely less than 5%) as these coins are not wildly popular for margin trading
Technically, it may be worth the money and effort if it is kind of shoot and forget thing. But how safe would those coins be if you are going to stake them? I mean, are they backed up by the blockchain itself or it still involves a third party, which can run away with your money at the end of the day? Sorry, I'm not very familiar with the matter, so bear with me
If you go to https://www.bitfinex.com/stats
And look at EOS, currently it costs 0.022% per day to margin trade it. Its basically what he would need to do to make sure the value of the underlying doesn't decrease since his primary focus is to make money and not to accumulate more EOS.
So 0.022% is about 8% per year, so if he staked his entire account balance, got 5% in staking revenue, he would be at a loss so he can't hedge against the underlying falling. Yes I understand sometimes the rate is lower but sometimes its also higher.
This is somewhat considered "gambling" since its not considered risk free. He just needs to hope that EOS, doesn't crash in the next year so he could earn 5% off staking.
I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.
Im not sure Tron staking but with EOS i do remember with Betdice gambling site which gives you some staking. Try to visit this link for further info. https://medium.com/@ryancharleston/how-im-still-winning-in-a-crypto-bear-market-with-betdice-eos-staking-dividends-6fce20ae034e
it is still gambling but we all knew that chances for winning is always greater for the house against the players.
I don't even understand your question.
What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo
What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo
Those coins are not mineable but if you own some EOS or TRON then you can make some extra money by staking them.
When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.
This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.
What I mean is that people who are in crypto right now are more comfortable with the present system, they deposit money with popular coins also like BTC and ETH, and they play. Also, for some gambling sites who offers investment, they can put money as well.
This is just complicated for a typical crypto gambler, it has a lesser chance to survive in the market IMO.
I don't even understand your question.
What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo
That's right bro, I can't understand what the question is all about also. Eos and Tron is both coins they are maybe use to gambling in the future. What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo
Inase that the OP want to use their Eos and Tron she need to take a search about that to knkw what gambling site that accepting Eos and Tron so they can play of what she ever what they want to do to their coins.
Next time please be sure that the information that given will be understand so that the people here gives information to you also.
When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.
This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.
This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.
5% a year taken on its own doesn't look very appealing
On the other hand, if you make it part of some sophisticated strategy, it may be at least worth looking into. Regarding hedging, I don't think you will have to pay much as interest (definitely less than 5%) as these coins are not wildly popular for margin trading
Technically, it may be worth the money and effort if it is kind of shoot and forget thing. But how safe would those coins be if you are going to stake them? I mean, are they backed up by the blockchain itself or it still involves a third party, which can run away with your money at the end of the day? Sorry, I'm not very familiar with the matter, so bear with me
Those coins are not mineable but if you own some EOS or TRON then you can make some extra money by staking them.
When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.
This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.
When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.
This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.
Ok thanks. So that's not at all gambling and the post shouldn't be here
I guess it goes in the altcoins sections?
Maybe the technical one if he wants the detail actions of how to do this?
I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.
Im not sure Tron staking but with EOS i do remember with Betdice gambling site which gives you some staking. Try to visit this link for further info. https://medium.com/@ryancharleston/how-im-still-winning-in-a-crypto-bear-market-with-betdice-eos-staking-dividends-6fce20ae034e
I don't even understand your question.
What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo
What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo
Those coins are not mineable but if you own some EOS or TRON then you can make some extra money by staking them.
When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.
This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.
I don't even understand your question.
What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo
What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo
I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.
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