This a RE forum. Crapto is the worst of the worst. Pays no dividends. Creates nothing but hype. And only has value due to the greater fool theory. I hope governments crush it like a cockroach.
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It may be but even if it’s the greatest bubble/hype train of all time, I will still participate because there are lot of money to be made. Plus, it hasn’t acted like an unpredictable bubble.
I get 5+% interest from Voyager (Voyager's May Interest (APR) Rates) and Celsius (Celsius | Earn Bitcoin - Earn crypto with crypto lending) while holding ethereum. I also keep plenty in USDC (cash equivalent crypto) and that gets me 8-9% paid out monthly.
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Thank you for the advise. I have decided to put 1% of my overall portfolio into BTC. Is Robinhood a good platform to buy it in?
There’s a concept called staking which is similar to dividend. You can get 3-10% annualized return to hold a crypto for long term. So no dividend is not true.
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Free money from crypto…what’s not to like? 
Staking is a fraud. A whole generation of crapto investors will get wiped out. Crapto and staking only work as long as prices go up. When they go down everyone is slaughtered.
According to the allegations, investors were told to make staking commitments for five months to receive a 100% return, but as the period was ending they were told they’d have to extend to 12 or 24 months. Staking is a way of supporting some blockchain networks and earning rewards by committing funds for a period of time.
While it’s not alleged by the newspaper that Lyfcoin itself is a fraudulent scheme – though investors likened it to the multi-billion dollar OneCoin scam – investors who spoke to Metro.co.uk said they had been encouraged to invest by individuals claiming to be involved with the project.
The group says it lost around £100,000 (US$130,000) in investing in the coin and estimates that up to £2.5 million ($3 million) could have been lost in the U.K. in total.
Can you explain what staking is? As you can see I am crypto newbie 
I see Elt1 responded with ^. If this is what staking is, I don’t see how this is sustainable.
I am a newbie too trying to learn and crypto guru is @pastora I follow only ETH and currently unstaking can be done after 1.5 version which as ELT1 mentioned has unknown period of time.
Staking is horseshit. It is prepayment on a profit that may not exist. Sorry but crapto fools are being bamboozled
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A few analysis to consider as Ethereum is approaching ATH and Bitcoin is approaching 52k. There could be some fireworks. I would watch it very carefully in the next few days.
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Bullish super cycle peak around Sept/Oct: Bitcoin bull market will peak around October once this price level hits - Kevin Wadsworth - YouTube
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Bearish selloff to 20k after hitting 52-55k (strictly trend/chart analysis): Verified Investing: Bitcoin, S&P, Nasdaq 100 Analysis - YouTube
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EW predicament: https://twitter.com/algo_382/status/1433586403804340224?s=21
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Crypto 60 day cycle timeline: https://twitter.com/bobloukas/status/1433071904475291657?s=21
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When would BTC go to $1M? Many pundits say so.
When or If US loses dollar reserve. 
No, I would only use RH to trade since it doesn’t support wallet. For long term, find a wallet based exchange (coinbase, voyager, etc)
Thanks, but what is a wallet and why is it important?
I think many crypto questions you’re asking can be googled and probably explained better than most of us can in this forum. For example,
Hope that helps!
Thank you, I read it briefly and also was googling about this topic. Still not clear to me why a wallet is important for an average investor like me - when I buy shares using an online brokerage like ETRADE, I don’t get any share certificate. I just have to trust that ETRADE purchased the stock which I have ordered. Isn’t it similar for Bitcoin - can I not trust that Robinhood will have purchased a Bitcoin for me when I place the order?
I am so annoyed at myself that I dawdled on buying Solana last week…aaaagh.
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What if dollar starts rallying?
RH doesn’t buy bitcoin underneath it from what I understand. I think it’s just a promissory note similar to a bitcoin futures exchange like CME. Meaning, it’s their exchange with some adjustment probably done against other bigger exchanges.
To me, you want to at least have a wallet so you can,
- Move to cold, hardware, or other managed wallets quickly for various reasons
- You’re buying an asset (it’s the GLD ETF vs buying the real gold question)
- Many managed wallets from coinbase, voyager, etc also provide interest rates if you plan to hold crypto assets for a long time.
One of the best features of having a wallet is the ability to transfer from each other quickly. I don’t have to rely on slow ACH or wire and just do it almost instantaneously.
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