[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 528 KB, 930x668, Screenshot 2021-02-07 at 18.27.40.png [View same] [iqdb] [saucenao] [google]
28015122 No.28015122 [Reply] [Original]

Like what are you even doing.

>in b4 "muh gas"

yeah well stay poor forever then

>> No.28015349

>>28015122
im waiting for sergey to announce his official staking

>> No.28015497

>>28015122
i'm not touching defi until it matures a bit. so many hacks have wrecked it. love defi but they aren't getting my linkies anytime soon.

>> No.28015499

>>28015122
is it a taxable event?
taxes are really the thing that scares me off doing more

>> No.28015545
File: 284 KB, 738x705, Sergey-Nazarov-CEO-Chainlink-on-Insureblocks-01.jpg [View same] [iqdb] [saucenao] [google]
28015545

BETRAY

>> No.28015775

>>28015349
>I'm waiting for Sergey just to announce that something will be released that will probably be shit compared to bancor staking where you can get a x 2 bonus multiplier after a month multiplied by each week to get a 8x return
okay great strategy.

>> No.28015820

>>28015499

Staking no. Earned APY? If you're gonna pay the taxman its pretty easy. Just go to Koinly and they;'ll set it as yield farming automagically for you.

Why cash out tho kek

>> No.28015864

Do you have to give custody?
If yes, fuck that.

>> No.28016055

>>28015775
>probably be shit
Yeah you're not aware how they release software and that's fine. I doubt many of us are exactly hurting with our link stacks here. I'm not risking generational wealth for quick gains with IMMENSE smart contract risk.

>> No.28016090

There's literally no more room in the pool.

>> No.28016254

>>28015349

The fact that LINKPOOL are switching to an ERC 20 in Q1/Q2 for LP hodlers to make money whil they wait implies that LINk staking is prob gonna be Q3.

Also for the bigbrain anaons, that Bancor vortex is fucking huge. Either people leverage their vBNT + lose out, which means that they either a) leave their BNT locked upforever or b) buy back at a loss

If they pull a pro-move and make a profit on their leveeraged swing, they can just stick their profits back into Bancor for more APY. Bancor benefits from this by more TVL --> more swaps for BNT holders. It is insane

>> No.28016601

>>28015122

Nice FUD faggit. This is a textbook buy signal to start accumulating LINK

>> No.28016821

>>28016601
>start accumulating LINK
Kek. For who? Literally had 3 whole years to do that

>> No.28016854

I thought the pool was full for link on bancor anyway?

>> No.28018311

>>28016854

>Imagine being on bullsih on the protocol that gives you free LINK for holding LINK + not buying their token

Worked out terribly for AAVE holders rite? shitcoin just went x1000 in 12 mnths

>> No.28018756

>>28015122
> Bought in at 4$
> Sold at 25
> Bought back in at 24
> Sold at 25.9
> Bought back in 24.9
> Sold at 25.2
> Bought back in at 24.9

Today's pullback happens. Oh well. Still up a couple hundred linkies
Cost basis is like under a dollar I think. You think it's ever going to dump that low? Now I'm swinging profits, but only when it goes up significantly above break-even. So it's like I'm holding forever now, and swinging.

More link in a couple of days than an entire year of like 5% link returns. Why stake?

>> No.28018890

>>28016055
>sit on linky crab coin with a glass of scotch and gun to your heard until Sir gay decides to dump again
You linkies do this to yourselves. Even Cardano is showing gains right now for all its talk of globohomo interracial orgy sex.

>> No.28018895

>>28015497
You realize that Bancor and Chainlink are partners right? Bancor isn’t going to run off with your link. It’s a smart contract anyway

>> No.28019006

>>28018311
What? Are you sure you were replying to me?

>> No.28019044

>>28018895
it's been hacked several times and is basically the premier example of spaghetti code

still not a bad project (especially for /biz/) and your links are *probably* safe, but given gas fees and withdraw windows it's not for me at this time

>> No.28019237

>>28019044
Yes they were hacked at the beginning. But they stuck around and made it work. Ethereum was also hacked and look where we are

>> No.28019338

>>28015122
When is Coinbase going to start paying up for my liquidity??

>> No.28019451

Bancor app doesn’t show any balance. Only Eth shows. Wtf?

>> No.28019470

>>28016254
Can you explain this for smooth brains?

>> No.28019499

defi twitter is gay. it's like if everyone on /biz/ had trips and became obnoxious attention whores

>> No.28019820
File: 102 KB, 1024x1024, 3050E38B-CB09-4364-95F5-09F46524C071.jpg [View same] [iqdb] [saucenao] [google]
28019820

>>28015122
I don’t want to sound like a retard but can someone explain how they make money using DEFI and Link? Like do you take a loan from your deposit and buy more Link or what? Would really appreciate an explanation. I just started buying Crypto in January and I only bought Link because of this board and it was the best financial decision of my life. I bought 2700 so far.

>> No.28021318

>>28019820
you let them hold your link so they have tokens to be moved around

>> No.28021345

>>28019820
They make money from you buying their tokens, like everything else in crypto

>> No.28021528

>>28018756
How do you time the tops? Which indicators work?