Topic: Which crypto investment have you tried out? (Read 472 times)

I don't consider flexible saving as a form of investment. Also, investing in Shitcoin listed on exchanges won't generate a passive income. Avoid those Shitcoin and instead, buy Bitcoin and store it in a secure wallet, not in those unreliable exchanges with poor security.

We all invest with risk we all uses centralized exchanges with accepting the risk associated with it, so have it in mind that you may encounter any difficulty at any point since none of those exchange are 100 percent guaranteed of your investment, if they are that reliable there wouldn't be a day we could have witness any bad record from exchange. We can still use FTX as a reference point, people witness some significant looses from them boiled down to their stable currency losing down against it's original amount. Anyone today using cex is at 50/50 or do I say is at a trial by error methods of investment, anything could come up at your unexpected time and periods.

Yes I understand your point of view actually, but before choosing a CEX to use for investment of such you should have do a very good research to know how well your asset is secured with them.

Which of the CEX you do you prefer using..
Basically I don't do that with exchange since you don't have the private key to your exchange account and is being controlled by them so any funds saving on cex has a very huge risk at losing whenever there is hack or maybe could be an external / internal attack and automatically this puts your funds into risk as you may not predict where you could experience lost. Just take a good example of what happened FTX investors funds were lost without recovering till date if I am not mistakenly.

Savings should be on your personal wallet where you have all power to control your funds and private key associated with your wallets. Although there is nothing wrong with making saving with cex but I am considering the risk aspect of it.

Probably all you can think of. Have tried cloud mining, nfts/ico/memecoin investments, held funds in exchanges to earn interest, staked on PoS blockchains, ran a node, done liquidity mining, lent/borrowed in DeFi, done spot/leverage trading, done HODLing, invested in P2E games, invested in new protocols in hunt for retrospective airdrops, degen investments and some more that can't remember.

Some succeeded, some failed miserably — we are still here 

From what have been experienced from the past in the centralized wallet it is too risky to invest in centralized wallet because it is not reliable. Investing in centralized wallet is like investing in a wallet that someone else also has access to the wallet key. To keep investment safe and sure is to always make use of a decentralized wallet which always one man one key.  Bitcoin is just the best to invest because of it reliability in the market and how value it is than others in the market.

You’re right. Saving coins in a centralized exchange no matter how flexible it is won’t do any good or benefits for you in the long run. In the end, you are making the exchange richer while on your part, you are increasing the risk of losing your coins in the long run. So never put all your trust in a centralized exchange. Save your bitcoin and have it kept into your own non-custodial wallet. That way, no matter how long you are planning to save your coins there, at least you know that no one can access it but only you.

The Centralized exchange might not be a good place to leave our coins or keep it because of tbe security that can be hacked by hackers taking away investors funds. There are lots of lapses in centralized exchange that is why it is only good when we want to buy or sell our cryptos to fiat using peer to peer method. Those who understand the lapses in centralized exchange will always prefer using wallet where they have access to there private keys without any other person able to access it.

@Bitcoinpoly, you do not need to keep on posting without any other people posting. In this case, all you just have to do is to quote posts you want to quote one by one and have it all on a single post.


Not only that, also that the staking on CEX can be lower. You can compare the stake APY on noncustodial wallet and those of centralized exchanges and you will notice what that I am talking about.

My first on thought on this was what if something happens to the particular CEX involved in this type of savings you are proposing. If it's one thing I have learnt here in this community is that CEX are actually not the best place for any real time investor to actually save his or her coins so talking about all this particular saving method that are particular found in CEX is definitely a no go for me .

Investing in bitcoin to store in centralized exchangers is like giving a pie to the first person you meet to get small cookies every day with his promise that someday he will return your pie. Why risk something big for the sake of getting little things?

To buy crypto currencies, you can use any platform that offers favorable conditions, but for storage - you can't use (especially for a long time) any of the existing platforms. Of course, if you are not an enemy to yourself.

Centralized exchangers and banks have a direct analogy, therefore, using them is accompanied by the risks of being left without your deposit. They pay (may pay) interest for holding money (crypto currencies) on their platform / bank, but it's similar to that pie analogy above.

Your investment scheme can be called classic. Only very risky and desperate people will adhere to the reverse scheme: most of in altcoins (shitcoins), less in bitcoin.

I have never tested any platform that offers benefits to their users because my focus is not on things that are given away for free stuff. So what I get is that we are required to spend money if we want to get the expected benefits. About any token you might want to elaborate on and I think it's dangerous when beginner try to use your pattern, because there is a lot of risk in it and besides your post placement is on the beginner board so there are lots of beginner who might browse.

So if you don't explain in detail the purpose of the posts you make, it will have a chaotic impact on readers who are still beginners. I would suggest doing some research first as it can be quite dangerous when beginners try their luck on a new coin. To be fairer, I would say it's best to collect bitcoins in a personal wallet, not put them on any centralized exchange and avoid placing assets on centralized exchanges even if you're lured by free tokens or whatever which are given.

To be honest, I don't trust exchanges that much to let them hold my bitcoin for the long term. You don't have control over their keys and if something were to happen to the exchange you could potentially lose all your money since you're not holding the bitcoins in your personal wallet. It's similar to banks, when you deposit money in a bank, it doesn't guarantee absolute safety. I mean I know banks are generally secure and even if something happened to the bank, you could probably recover your funds but when it comes to bitcoin, if someone were to steal your bitcoin there's no way to retrieve them.
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Regarding crypto investments, I only prefer to invest in bitcoin. Almost all of the funds I've dedicated to investment are used to buy bitcoin. I do have a small amount of other crypto but I don't pay as much attention to them compared to bitcoin.

I think you need to do more research! You can stake on non custodial wallet!

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This is a good point of view.

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The same way have invested in some centralized exchanges, and to the best of my knowledge it is profitable.

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Oh cool, have you tried it there?

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It’s a good one though, did you use CEX or DEX

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Good insight and definitely CEX are not bad.

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Don’t do casino, flexible trading is okay. Bitget is okay for flexible savings.

The best investment of cryptocurrency is bitcoin and in any open source wallet. You have to buy bitcoin and store it in the non custodial wallet and hodle it for about 5 years minimum and maximum of 10 years. Bitcoin investment is not for short term but it is very good when you are doing it for a long term investment. Or even though you are not using bitcoin but any other cryptocurrencies, still use non custodial wallet for the investment because it is the sure way.

Op all those ones you mentioned, are centralized exchange platforms and it is not good to make an investment in central exchange platforms because they can collapsed at anytime. And also there 50/50 in the exchange platform in which, you might loss your coins to the central authority of the platform since you are not the sole controller of the coins.

Yea copy trading is okay but not all exchange has it you can find it on few exchanges like Bitget and Bybit

On which exchange did you tried it out? Let me know and I can compare it with the exchange I’m using currently.

One thing you should know is you shouldn’t just choose an exchange without doing a proper research on them, get an exchange with that has a good user fund protection reserve.

If you are just holding your asset in a centralized exchange it's a big no because it's their coin, not yours because you don't have a fully authorization with your asset still there's a limit on this access, instead if you are just holding your coins better to use a hot or cold wallet, the essence of the crypto is the anonymity but because of this kind of services of being convenient the centralized platform removes it, you can get an idea here with GazetaBitcoin content related to the things I'm talking about 12 years later and people still don't know to use Bitcoin nor what it's good for. Also take care with different projects and hype better to make sure those investment you are joining is reliable and brings you a profit and not get honeypot.

I only tried to invest in casino bankroll in few years ago, but now I already leave any centralized platform.

Banks are regulated by the government and there's an institution willing to give an insurance in case the bank went to bankrupt, bur as a Bitcoin enthusiast, centralization isn't never been safe. While Binance, Coinbase, Kucoin, DEFI etc aren't regulated, if their exchanges went to bankrupt, it's over and there's no such insurance. Just like FTX bankrupt, the punishment is SBF going to jail, that's it.

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

It seems that he understands the risks of staking on centralized exchanges and he has taken the risk to achieve the amount of return he deems worth the risk he is taking.  I am neither for nor against as long as he has done the research and is willing to take the risk of leaving his assets on those centralized platforms.  it is the choice of each person.  for me, if we want to make profit every day then we should learn about trading.
If it's a long-term investment, just hold it in a non-custodial wallet.

That's too risky to invest in cloud mining or flexible savings offers from exchanges like Binance. And about new tokens with 100% APR the price of that token could drop quickly so instead you making a profit it turns to a negative profit due huge price drop of that token.

I had bad experiences investing most of them were cloud mining All my investments never returned and most of them were scams except investing my money in hardware miners It made me profit before I stopped mining due to high electricity costs and profit drop.

Staking on noncustodial wallet are ponzi scheme? No.

You need to use a reliable source for your research. Also all that you have been reading are misleading. You can stake many altcoins on noncustodial wallet and you will be able to claim your reward daily. You can unstake your reward and your coins will be released for you the day it is included on the coin protocol that the staked coin would be released.

Like seriously,one can stake on a noncustodial ? Nah.. I can see that you are so carried away with the stake thing on CEx. You cant loss your bitcoin when it is in a noncustodial wallet which only you have the keys to. When you are greedy and looking for money where you don't want to work or invest on,you will end up losing what you gat. It isn't safe to keep your coins on a Centralized exchange,much more of staking your coins there. The possibility of you losing your coins is 50-50. I hope that this topic is about bitcoin and if it is not,I will advise you to move this thread to alternative cryptocurrency board. Invest wisely and don't be decieved with high APR.

I don't know any other means each person may decided to go with their bitcoin investment but anything that has to do with the use of a centralized exchange for the achievement of this should be considered risk except they are just for a while, using DCA to accumulate your bitcoin is not a bad decision, i think holding your bitcoin alone over some years is a big time investment on itself, maybe using exchages could have more risk and danger together with using any centralized institutions who are into cryptocurrency investment.

Payment Gateway, investigation about market share Crypto buyers in Ecommerce.
Trading in my eyes has little to do with crypto. The stock exchange should update and make trading in wheat bushels as easy as you can do copy trading.

Which exchange have you tried flexible savings? Once you can get the right exchange that has a good reputation then you’re good to go, especially those ones with prove of fund reserve.

Those are the risky ones and I'd avoid them because they're not really good tokens for you to put on that APR savings because they mostly are going to be down the soonest it adds liquidity.
Btw, this shouldn't be here but on Altcoin Discussion.
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Actually once you do a good technical analysis on a token and you know the turn analysis you can do the APR provided the project is a good one.

I've also used flexible savings but it seems that it's not really that much. Plus, you don't hold the custody of your coins if it's on an exchange.

Those are the risky ones and I'd avoid them because they're not really good tokens for you to put on that APR savings because they mostly are going to be down the soonest it adds liquidity.
Btw, this shouldn't be here but on Altcoin Discussion.

Staking on noncustodial wallet has been in existence since and it as proven to work in Ponzi format as a lot of friends lost money there already. This isn’t an argument anyways, you choose the right CEX and you’re going to enjoy CEX investments.

So why are you talking like you have not done your own research? Because if you have done your own research, you will know how centralized platforms are not advisable for staking or investment.

I will advice you to stake on noncustodial wallet instead, if you want daily APR return.

I have seen many centralized platforms that offer lucrative profits from investing in some of their investment packages. However, I have not tested any of these platforms because of some experience with these centralized platforms. Some relatives lost so much money they invested in these platforms. Currently, I am keeping my coins in a decentralized wallet because I want to have full control of my investments. My only option in crypto investment is Bitcoin due to its stability and good track record. Some altcoins are too risky to invest in and many are not reliable.

I understand actually but it depends on the CEX you’re using, I once posted an article on how to choose your choice of CEX and another thing is “Do not base your investment on people’s opinion or advice always DYOR”

You are saving coins on a centralized exchange, you are making a very big mistake.

Centralized exchanges means not your key not your coin, until the inconveniences are seen would be when you will know how dangerous it is to save coins on centralized exchanges.

I will prefer to hold bitcoin instead by sending it to my noncustodial wallet for me to have the 💯% control that i want.

Tell us your crypto investment let’s learn from you and tell us which platform you used. Personally have tried out flexible savings; flexible savings gives opportunity to make passive income everyday on your savings based on the percentage allocated to the savings you subscribed for. Also there are APR savings on each newly listed tokens upto and more than 100% depending on how the event goes, these are opportunities you can get if you use flexible savings. Basically this feature is only available on CEX