Topic: Which crypto investment have you tried out? - page 2. (Read 472 times)

Please be careful about how you invest your funds in projects that have high APR because is a way of attracting investors to scam them off their money, Secondly, you will not know what the price of the token you invested in.
Keeping your assets in a centralized exchange be it Binance or not is not a good option because any day the centralized exchange has problems your assets will not be accessible to you. Always learn to save your assets in your wallet where you have 100% control of it.

If there's something better, why choose another one? Bitcoin has been proven to be able to withstand any fluctuations in the market, maybe the price is currently experiencing a slight correction due to some skewed news spread in the media, but Bitcoin will continue to grow and grow in the future.
Never entrust your coins be stored in a centralized exchange, as long as you don't hold the private key, that means it's not your asset. Choose a secure wallet that you can hold the private key, you can fully control the assets you own.

I personally have not had the time to really look into investment yet as I am still learning the process and how it works though the nature of my work does not really permit me hence I have not been able to make Post here but the be so far I  have been able to look into binance as a credible source for trading  which I do when ever little time avail itself  for me. I have been able to buy some coin on binance platform and holding them and Bitcoin is another one too I can never missout.

As the saying goes "NOT YOUR KEYS NOT YOUR COINS" so storing your crypto like Bitcoin in an exchange is not a good choice to make since you don't have the keys of the wallet that is used to store your crypto in the exchange site compared to storing it on your own wallet although you won't have any APR. Well, it's your decision to store your crypto in an exchange because of benefits you can get and I think you are willing to take the risk of doing it. Anyway, I tried investing in a casino before but the platform right now is no longer existed since they announced it before that they are going to shutdown their casino for a reason.

It was on Binance, I don't think that it's worth of time and money. What's the right exchange that you're talking about that has a good reputation? Binance can be considered as that but I don't think that I'll be on it again.

This can be just words of trust. You'll not know if they're actually having the actual proof of reserve if they're able to provide it for you. And even they show you that, you can't be 100% sure that everyone's going to be filled if that has been used.

You said it right.

Many seems to be trusting with Binance because they are Binance and because of "funds are safu". I guess CZ did well on advertising those keywords about safu.

While it can't be stopped that people will keep on saving on their flexible savings, they just need to be reminded that it's the exchange like Binance that's keeping their money and not them.

They have no guarantee that if a hack happens, they'll be refunded.

You are right when you say we shouldn't base our investment on people's opinions and advise but practically do our own personal research and draw conclusion or decision from the research. But this doesn't rest well with CEX, CEX is CEX  no degree of cooked words can change that. They might have gained a good reputation over the years and security too but in as much as your private seed phrase ain't in yours custody it makes the whole interpretation of having your investment savings in it like  a time bomb.

I invested both in Bitcoin, established altcoin and newly created project.  Among this investment, the Bitcoin and established altcoin investment gives more security and peace of minds while investment on newly established project often times ends up in frustration, since scammer are good in mimicking the legit one.

I have lost a lot during the P2E and NFT craze due to rug pull and bankrupt declaration, so I learned my lesson well on that experience and now I only invest in cryptocurrency that has high liquidity.

I have tried some coins with very high APR and I was very lucky to get out with 3 to 5 times every time I put my money on them, one of the projects was BSW (Biswap) that gave me a great return on my investment because I was not only gaining the staking rewards but the price boomed and I sold it at its peak. Though I did it, I will never advice anybody to do the same because it holds very high risk of getting your capital drained if either the price of staked coins go down to very low or the place where we have staked goes missing.

No way close. It's a big risk to allocate a huge fund to those centralized exchange. Before you can earn a good profit on most of those centralised exchanges, you really need to save a huge amount of your assets, like about $10k and above; otherwise, you will not even be making up to $30 APY in a month. I tried to save with Binance Exchange when I earlier started my cryto journey, but the profit obtained was very small. But I made some calculations on their provided APY with a higher allocation of funds, and that's when the profit made a little sense. Although I would not advise anyone to risk their assets on a centralised platform, which can have issues any day and can cause you to lose your funds, the best way to keep one's crypto assets safe is to hold them in a self-custodial wallet. Some of these platforms that are offering some high APY for staking or saving your crypto assets may only be trying to win users trust; they can come up with some hack story any day and disappear with investors funds.

I guess that makes it impossible for me to answer your question as I don't use CEX
As far as the investment plan goes, it's simple.

You buy bitcoin somehow. If you have to use CEX, do it. Best way is to find a trusted bitcoiner who will trade you OTC wallet to wallet, so you don't have to risk any of your personal information.
The other rules are don't buy shitcoins and don't keep coins on exchanges or with any brokers that offer interest.

Op that looks like advertisement, all what you are saying the flexible saving and you even make it to be as if it is the only platform that has the best investment. As it is I am not even interested to invest in a centralized exchange platforms and the best place to invest your bitcoin is Electrum wallet or any other non custodial wallet where your coins are well save. I think Ramitano has locked some people coins in their exchange and according to them because they are maintaining their website or app.
The time when Electrum was upgrading, their was no lock of funds and everything was going smoothly.

You can try it on Binance, KuCoin, and several other exchanges. That can be a way for you to generate a decent return but it will depend on how much amount you use. But that is if you are okay with the risk because holding on to an exchange comes with risks. Not your keys and not your coins.

I only buy and hold some crypto, and this is the first time I have ever heard of flexible saving, what it seems like you describe something that very similar to stacking. But seems like you put your money on a Centralized Exchange, which is quite risky on the long run. The less risky thing to do would just stack your coin on a decentralized staking pool. There are a lot of this, you can just search on google.

I only collect Bitcoin in my wallet. even in trading, I withdraw profits for more Bitcoins. I don't use any other platform to manage my investments. just trade profit and withdraw it in wallet. I don't care about APR or any advantages centralized exchange platforms offer.
if you currently store it on a centralized exchange safely, not necessarily in the long term you hold your investment assets there, your assets remain safe.
now people think more about the security of their assets than taking risks by putting too much trust in any exchange.

l don't think investing in a centralized platform is a good idea, as there is a high tendency of big risk and losing money. Majority of the centralized investment platforms are not trustworthy according to very reliable source. As for me, l have invested in bitcoin in a decentralized platform and made reasonable gain, and l' m still into it currently.

I have mostly done some speculation with Bitcoin price in the Spot market and also I have got a bit of stable coins in a centralized exchange, but that's it.

Also OP, it does not matter much how much of interest you are getting off your coins in a centralized exchange, if those coins could become worthless in matter of days. I understand one is supposed to do whatever one wants with money one has earned, but that sounds like a bad strategy. It is not rare some altcoins lose their relevance in a short period of time, if you want to really have control of your interest you are supposed to calculate it in USD or an established crypto like Bitcoin or Ethereum, otherwise those interest are an illusion.

1% APY in Bitcoin is obviously much better than 102% APY of some random shitcoin one does not even know where came from.  

Tried this type of investment

Websites offering high profits( Hyip)
Cloud mining
ICO/IDO
DEFI
NFT
MEMECOINS
TRADING

Almost all of them fell since they are for short term hype only so don't even think about earning a passive profits with them since those type of investment except for trading will just collapsed without us knowing.

 What you are joining is good investment choice but the same with other thing don't rely to much on it since in crypto nothing is stable.

My only crypto investment for sure is going to be Bitcoin that's secured with the help of a cold wallet that only I can access. Other than that anything that I invest in the crypto-world is either going to give me huge losses or no gains at all. I really dislike the concept of flexible savings because they are mostly a new way from centralized exchanges to trap newbie investors. The newly listed tokens are the riskiest in the whole world of crypto-market because those token can lose a lot of their value within few days. The exchanges know that most of the newbie investors are greedy and when they find such schemes then they will invest money in those without delving deep into it.

If for example someone has invested their money into a flexible savings option of a newly listed token and the exchange offered him/her 100% APR, but after a month or two the token has lost almost 60% of it current price value then in that case the investor has lost money instead of making any profits from that APR. The only working investment in crypto world is to buy Bitcoin when you see it at a low price and hold it for as long as you can. That's the securest form of investment for everyone and the investors who follow that approach will make a lot of returns from their investment after some waiting time.

So I started with Bitcoin ^{eventhough now i prefer to segregate Bitcoin from crypto} this was
during the ICO craze. I got sucked into some nonsense $hitcoin scams.....and lost the
Bitcoin I put in for those nonsense tokens eventhough I was able to trade them back for
Bitcoin at a loss after I came to my senses.

Also had some Bitcoin on Blockfi, handing over custody and control to someone else,
after the interest rates started falling I withdrew my Bitcoin just before they imploded.

Bottom line is - there is no magic get rich quick schemes out there eventhough there are
plenty of people telling gullible people otherwise.

Stick with Bitcoin
Take full custody and secure your coins
DCA