Bitcoins/Litecoins/Virtual Currencies

  • Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!



    Go here and give us your nominations!
    Who's been the biggest Asshat in the last year? Give us your worst ones!
Rajaah

Rajaah

Honorable Member
<Gold Donor>
12,516
16,540
James said:
Uniswap + Aave are a great way to go bankless and cut out your 401k/Roth IRA/Stonks. Uniswap returns can be pretty massive with a little bit of research, the DAI/USDC pool was getting me 37% apy when I was in it.
Click to expand...

37% APY?

WTF. Why even leave that pool? That's insane.

Meanwhile I'm over here with a small amount of money in USDC on Blockfi getting 9% APR
 
James

James

Ahn'Qiraj Raider
2,804
7,056
Caliane said:
how is proof of stake going to work when liquidity pools, and such shit all over the returns? who is going to be staking?
Click to expand...

The total value locked within DeFi will always massively dwarf the value locked in staking, and that's fine. Staking has a much more sustainable interest rate tied to it because of the underlying mechanics -- DeFi protocols which allow you to get more interest on single asset ETH than staking will be briefly available with a bit of luck and research, though short lived.
 
Haus

Haus

<Silver Donator>
12,707
49,349
Vepil said:
AAVE is dead for those returns best you are going to see if probably 2.5% now.
Click to expand...
I don't think it's quite that bad...
1624974179024.png


The way I see it... AAVE single sided vaulting has the safety of avoiding impermanent loss, at the cost of aggressive yields. Of course, compare this to ANYTHING you can get with cash at a traditional bank and chuckle....

As James James said, if you're looking to maximize yields on Defi platforms you're still at a point where you're going to need to be shopping things around and regularly moving between platforms offering the best combination of straight yields, plus usually some side rewards. Often this means putting money on younger platforms who are incentivizing investment because they're building up liquidity pools. It's about how much work plus risk you're willing to commit to balancing against profits. Pretty much capitalism in a nutshell.

Full disclosure : I currently leverage DAI stored in AAVE making 10% as my stable coin mechanic of choice. Doing limited LP providing over on Quickswap. Experimenting with the "pools" function on Polycat to see how that works out over a month run or so (so far, like the yields, NOT a fan of deposit fees, but they're apparently reducing deposit fees soon)
 
James

James

Ahn'Qiraj Raider
2,804
7,056
Vepil said:
AAVE is dead for those returns best you are going to see if probably 2.5% now.
Click to expand...

I believe Aave threw their hat in with zkSync as their L2 scaling solution, which should be launching on mainnet in August. I suspect Aave L2 pools will have great rewards for at least a few weeks, keep an eye out for it.
 
swayze22

swayze22

Elite
<Silver Donator>
1,217
1,097
Crypto is fun. BTC sub $30k to $36k+ in one week for no reason.

THIS IS GOOD FOR BITCOIN MEME
 
Vepil

Vepil

Gamja
<Bronze Donator>
5,837
24,482
I should have clarified that I am mostly doing stuff on polygon network and that market with AAVE is crap, sorry.
 
Tmac

Tmac

Adventurer
<Aristocrat╭ರ_•́>
9,970
16,988
I made the joke, then figured I’d watch the video. That guy seems so dumb to me. He can’t even articulate his thoughts and just reads stuff off the PowerPoint and adds, “See. Bitcoin is a new asset class.”
 
Arden

Arden

Blackwing Lair Raider
2,731
2,055
Tmac said:
I made the joke, then figured I’d watch the video. That guy seems so dumb to me. He can’t even articulate his thoughts and just reads stuff off the PowerPoint and adds, “See. Bitcoin is a new asset class.”
Click to expand...

It's better if you put him on 1.75x speed.
 
Grabbit Allworth

Grabbit Allworth

Ahn'Qiraj Raider
1,698
7,320
I haven't read a single page of this thread, but I plan to depending on the response I get to my question --

I have 250k in liquid assets (that's not my entire portfolio, just what I can move around easily) and I'm finally ready to make the leap in to BitCoin....am I retarded?

I'm not completely un-informed about coin. In fact, I've done a ton of research or I wouldn't be considering making a 250k wager, but there are A LOT of different opinions regarding coin and I appreciate the kind of candid responses I'd get here.

*edit*

I realized I needed to frame my question a little better. My goal with BC is a long hold strategy (10+ years).
 
Last edited:
  • 1Like
Reactions: 1 user
Aaron

Aaron

Goonsquad Officer
<Bronze Donator>
8,735
20,474
Grabbit Allworth said:
I haven't read a single page of this thread, but I plan to depending on the response I get to my question --

I have 250k in liquid assets (that's not my entire portfolio, just what I can move around easily) and I'm finally ready to make the leap in to BitCoin....am I retarded?

I'm not completely un-informed about coin. In fact, I've done a ton of research or I wouldn't be considering making a 250k wager, but there are A LOT of different opinions regarding coin and I appreciate the kind of candid responses I'd get here.

*edit*

I realized I needed to frame my question a little better. My goal with BC is a long hold strategy (10+ years).
Click to expand...

Come on in! We'll turn that 250k into 150k in no time! :D

On a side note, I'm starting to think that making money in Crypto is a bit like the old joke of making money in the wine business:

How do you make a small fortune making wines? You start with a large fortune!
 
  • 1Like
  • 1Truth!
  • 1Worf
Reactions: 2 users
Grabbit Allworth

Grabbit Allworth

Ahn'Qiraj Raider
1,698
7,320
Aaron said:
Come on in! We'll turn that 250k into 150k in no time! :D

On a side note, I'm starting to think that making money in Crypto is a bit like the old joke of making money in the wine business:

How do you make a small fortune making wines? You start with a large fortune!
Click to expand...
Heh, some days I feel like an absolute fool that I'm not on the train yet and other days I couldn't be more thankful that I'm not.

However, I KNOW we're in for some financial fuckery over the next few years. I genuinely don't believe the buy and hold strategy in traditional markets (which have done so well for my wife and I) is going to continue. You can't print money at the rate we are without extraordinary consequences. And while my wife and I are certainly not poor, we're definitely not wealthy enough to ride shit out.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,520
120,730
Grabbit Allworth said:
Heh, some days I feel like an absolute fool that I'm not on the train yet and other days I couldn't be more thankful that I'm not.

However, I KNOW we're in for some financial fuckery over the next few years. I genuinely don't believe the buy and hold strategy in traditional markets (which have done so well for my wife and I) is going to continue. You can't print money at the rate we are without extraordinary consequences. And while my wife and I are certainly not poor, we're definitely not wealthy enough to ride shit out.
Click to expand...
Honest question. You truly think investing 250k in BTC is a better 10 year investment than in MSFT, AAPL, QQQ, SPY, FTEC etc?
 
You must log in or register to reply here.