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Topic: Where should I invest money? - page 16. (Read 3311 times)

hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
January 22, 2022, 04:03:18 AM
#23
I suggest that if you have money, you better invest in Ethereum or Binance Coin. I am very sure that if you invest these two coins, you will benefit in the future.
Buying Ethereum and BNB at this point will not be wrong because it is a very appropriate step, but everyone must also be patient waiting for profits because the current market conditions are not at all good and will not be profitable for anyone.
It will be the best choice to buy bitcoin, ethereum and bnb at the moment because the price now is down too deep so we can have a hope to sell it once the price increase. The token @OP mentioned is one of the new tokens that still have a mystery if the project is really good and can survive long. Maybe @OP needs to research other projects that can be good to earn money in the future. But do not spend too much money if you do not get much info about the project because your risk will be bigger.
legendary
Activity: 2548
Merit: 1873
Leading Crypto Sports Betting & Casino Platform
January 21, 2022, 08:29:17 PM
#22
Are you looking forward to invest because of the APY returns? Go on binance you will find better options, there are coins with better APY returns and they have good utilities, if huge dips happens they won't be that affected because these coins have better supports in the market for example Axie infinity has 25% APY on binance exchange

Well, this is about Axie's staking, but looking at it from an external point of view and not being the Devil's advocate, I think that investing in everything that is Axie at the moment represents a strong risk, something that at any moment can go very below, NFT games have been booed a lot lately, people don't trust them very much and this type of features is the most highlighted, and I think that for now it turns out to be high risk, although of course, I respect the decision of each person to put their money wherever they want, but it is better to choose a better option, of which there are many.
legendary
Activity: 2380
Merit: 1019
Be A Digital Miner
January 21, 2022, 02:58:40 PM
#21
If you don't know where should you invest money, then it would be better to prevent your interest in investing money.
Don't follow others' influence or others' advice when it comes to investment factors. It is not wise to follow financial advice blindly.
The best thing you can do is make your own research, learn how the cryptocurrency works, how ICO, IEO, Defi works, read more before taking any action.
You will get thousand of altcoins and hundreds of upcoming projects, you have to take the challenge to deffer good projects from a lot of shit projects.
You can take suggestions to learn but You can't follow anyone blindly, Best of luck.
hero member
Activity: 881
Merit: 500
CyberTrade
January 21, 2022, 02:46:48 PM
#20
This coin isn't trusted that much and chances of it going to go to the bottom very soon are higher than it going to moon. So that is the reason that people aren't talking about this coin. High APY can be sometimes misleading, even if you get 19% return over your invested amount of tokens but then also you can be in a situation where you have lost money as this coin is highly volatile, so most probably a market crash in the future would be inevitable.
I would suggest you to invest in more established investments that can land you big money maybe with a 6% or less APY as the market is currently in a bear cycle and when the price starts to rise again then it will surely be good to have your money invested somewhere safe rather than lying around here and there.
hero member
Activity: 3122
Merit: 672
www.Crypto.Games: Multiple coins, multiple games
January 21, 2022, 02:34:31 PM
#19
https://app.anchorprotocol.com/earn

That seems too good to to be true

19% APY

I want something like this.

It seems that there is no risk. It's UST. Stable coin.
I would strongly advise against this if you are into it because of the 19% APY. First is that the stability of this token is not really proven. So, I would suggest that you go on Binance and get more stable token with even better APY such that even after bearish seen it will still recover.

You need to think twice about the practical approach when devs make such claims. Even they are returning 19%, its value will definitely not sustain which means even you are bag holding this token, its worth will be around zero hence you will never able to recover your initial money.
full member
Activity: 1176
Merit: 100
Next Generation Web3 Casino
January 20, 2022, 10:17:55 AM
#18
I suggest that if you have money, you better invest in Ethereum or Binance Coin. I am very sure that if you invest these two coins, you will benefit in the future.
sr. member
Activity: 2366
Merit: 332
January 20, 2022, 09:21:10 AM
#17
Staking has its risks mate if that project value goes down it will affect your rewards, if you can only stake the project on a exchange anything can happen to the exchange, don't ever believe that there is no risk involved in staking coins if anyone told you otherwise you've been lied to.

Staking valuable coin on reputable exchange is a little secured. Not all exchanges has what it takes to run that kind of program so we need to be careful. Usually it is better staking on the binance platform, I have a little above average confidence dealing with binance anyway and that is why I stake there when there is need.
full member
Activity: 812
Merit: 102
$CYBERCASH METAVERSE
January 20, 2022, 09:11:55 AM
#16
Staking has its risks mate if that project value goes down it will affect your rewards, if you can only stake the project on a exchange anything can happen to the exchange, don't ever believe that there is no risk involved in staking coins if anyone told you otherwise you've been lied to.
Yes, because basically all jobs always have their own level of risk that can't be separated from a weakness, so there is nothing remote about risk in this world, especially for the world of cryptocurrencies with very diverse concepts.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
January 20, 2022, 09:10:06 AM
#15
You need to research for more to find if that is a good idea to invest using that or use the other to make decent rewards. There are many coins offers like that but without research, you will not profit from that. But if you really want to invest, you can invest in bitcoin and just hold for some time and I am sure the return will be high compared to the other coins, especially if you have many bitcoins that will be ready to sell at a high price. Staking will have its risk and if you do not know about the risk, you better not try it and leave it like that.
sr. member
Activity: 2422
Merit: 343
January 20, 2022, 09:01:36 AM
#14
Cryptocurrencies are the best place to invest and grow money fast, the trend of cryptocurrencies is worldwide and many millionaires of the world like Elon Musk are coming in and investing in crypto so it will be popular in the long run.
Not because its popular we will ride on it without knowledge on how to gain profit from it. Always invest in something we know or we are willing to learn with. Crypto is volatile we must know what our status in investing in it if we can take the volatility and the high risk of it. It's good to start small and with the popular and top coins first  before going in newer coins that can add more risk whether they are legit or not.  
Crypto investment is not only about earning money but it was also gaining knowledge, in fact, we'd learn a lot and even change our behavior. As we would like to invest here, we have to accept that we need to change as well, and we need to adopt the system and clearly understand the volatility works.

There are a lot of ways to earn money, but we choose a crypto investment. I'm sure that many had made it wrong about investing in crypto and the reason why? That is probably because they don't know crypto in general and most likely, they'll think it was easy to manage. I'm just talking emotions and financial management.
sr. member
Activity: 1330
Merit: 289
January 20, 2022, 08:46:30 AM
#13
Are you looking forward to invest because of the APY returns? Go on binance you will find better options, there are coins with better APY returns and they have good utilities, if huge dips happens they won't be that affected because these coins have better supports in the market for example Axie infinity has 25% APY on binance exchange
You are making sense because to invest wisely you will go into platform that will give solution to your problem for now i will give you support, binance blockchain can give a credible coins to invest on but is not the highest criteria, is not better for the person that wants to invest go to market survey and check coins that is good and have good potential to invest on, because is not all binance list will do good for long time
full member
Activity: 926
Merit: 100
January 20, 2022, 08:46:03 AM
#12
Cryptocurrencies are the best place to invest and grow money fast, the trend of cryptocurrencies is worldwide and many millionaires of the world like Elon Musk are coming in and investing in crypto so it will be popular in the long run.
The cryptocurrency trend has indeed started to grow now but about money growth I don't think it will take place very quickly, especially still in the correction stage like now so that money growth is being hampered by it even though for people who are already very rich like Elon Musk it doesn't have any effect.
full member
Activity: 1820
Merit: 107
January 20, 2022, 07:01:54 AM
#11
I guess that was your personal choice, that's why we can't do anything about it, TUSD is a stable coin, and that 19% APY is so attractive but as many comments that were mentioned above every investment has a risk and staking a cryptocurrency is one it and I think as a senior member of this forum I believe you must know that already so good luck.   
member
Activity: 79
Merit: 31
January 20, 2022, 06:36:05 AM
#10
Not related to bitcoin discussion.

But seeing 19% for a stable coin is the highest that I've seen for an interest account. Nexo offers 10% for its interest account with a stable coin. I don't know that platform of anchor and that's why if I'm going to put it on stake as they say.

I'll choose the platforms that are more reputable like Binance or Nexo and to remind you, you don't hold the keys when you put your crypto/stable coins on that feature.

viaMover.com will launch a new savings product soon that gives a really high APY (100%). You can deposit the stablecoins and then Rewards are also paid in stablecoins, not native tokens. It is automated yield optimisations. No effort and always being tweaked to take advantage of the best yield opportunities

A short summary would be:

$MOVE http://viaMover.com
Supercharged DeFi Savings 100%+ APY + crypto debit card. Tiny market cap and rumours of big partnership with OlympusDao on the way. Strong pair of founders and a growing team and ecosystem. NFTs, web wallet, mobile wallet and so on. Fiat on and off ramps via IBAN.

DYOR, but I think it is a good one!
member
Activity: 181
Merit: 14
$CYBERCASH METAVERSE
January 20, 2022, 01:38:05 AM
#9
Staking has its risks mate if that project value goes down it will affect your rewards, if you can only stake the project on a exchange anything can happen to the exchange, don't ever believe that there is no risk involved in staking coins if anyone told you otherwise you've been lied to.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
January 20, 2022, 01:23:06 AM
#8
19% APY is quite high if you really want passive income from crypto you own better to choose reputable service like another members has mentioned, even though the apy is lower but that better than put your asset in platform that you don't had a clue about the reputations

It seems that there is no risk.
Nonsense, when you expect a big return but no risk. Just do your own research since you know this service from your friend better to ask the information more, or you can ask about the prove that he/she already received the profit or not.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
January 20, 2022, 12:44:25 AM
#7
19% APY is something good to be true but we do not know if that will be like that in a year.
I am sure there are risks behind that, but we do not know what the risk is, so you still need to be careful.
But no matter what your decision is, make sure you research before you decide because that is your money and you need to be responsible with your money and not blame other people because of your decision.
But I will suggest using Binance staking to earn rewards as that exchange have so many coins that you can use to stake.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
January 19, 2022, 09:19:22 PM
#6
My friend introduce this

https://app.anchorprotocol.com/earn

That seems too good to to be true

19% APY

I want something like this.

It seems that there is no risk. It's UST. Stable coin.

What am I missing?

Other ones.

Anchor Protocol is good but not well-known within the crypto/Blockchain space. At least, it's better than staking stablecoins on centralized platforms and/or exchanges (eg: Binance). I'd say 19% APR is quite attractive, compared to what banks offer in the mainstream world. Such rates are even higher than those offered by Nexo (which is 8% APR at the time of this writing). You're better off investing your money into USDT than any other stablecoin, as it's the one with the most liquidity on the market. There are a lot of services and dApps which support USDT "right out of the box". Remember to never put all of your eggs in one basket (diversify) and you'll be on a road towards non-stop financial success. As long as you invest based on your own research and not someone else's opinion, you'll have nothing to worry about. Just my thoughts Grin
member
Activity: 227
Merit: 24
January 18, 2022, 06:53:55 AM
#5
Are you looking forward to invest because of the APY returns? Go on binance you will find better options, there are coins with better APY returns and they have good utilities, if huge dips happens they won't be that affected because these coins have better supports in the market for example Axie infinity has 25% APY on binance exchange
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 18, 2022, 06:31:13 AM
#4
TerraUSD is an unbacked stablecoin; meaning that the mechanism that's keeping it stable at $1 can(not necessarily saying that it will) totally fail some time in the future; especially when we get extended draw downs and/or multiple red candles that can trigger cascading liquidations.
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