Crypto 101?

[slimjim]

Sounds like you had a wallet/holding problem that made things difficult to withdraw. The ease of access is one of my favorite attributes crypto.
Unlike my shares, having to wait for markets to open, and then clearing into my bank account, if I sell any crypto, it’s in my account in minutes, and if I see something worth buying or the market drops like it did last week I can payid/Osko to my wallet(binance(not US)) instantaneously and buy.
You’re dead right in avoiding those gimmicky cryptos that come and go however.
Bitcoin and key players stick around however.


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[AMSOILGUY]

Originally Posted by slimjim

Sounds like you had a wallet/holding problem that made things difficult to withdraw. The ease of access is one of my favorite attributes crypto.
Unlike my shares, having to wait for markets to open, and then clearing into my bank account, if I sell any crypto, it’s in my account in minutes, and if I see something worth buying or the market drops like it did last week I can payid/Osko to my wallet(binance(not US)) instantaneously and buy.
You’re dead right in avoiding those gimmicky cryptos that come and go however.
Bitcoin and key players stick around however.


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Did you get a crypto card with Binance? Thats my favorite perk from the exchange. I get 3% back on all purchases in CRO token. What do you get?

[slimjim]

Originally Posted by AMSOILGUY

Did you get a crypto card with Binance? Thats my favorite perk from the exchange. I get 3% back on all purchases in CRO token. What do you get?

Unfortunately it’s still not available with Binance australia just yet.
It looks like a neat perk though


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[AMSOILGUY]

Originally Posted by slimjim

Unfortunately it’s still not available with Binance australia just yet.
It looks like a neat perk though


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Oh man that 3% is just the beginning. Do you hold Matic crypto? For anybody wondering what that is, its a blockchain created as a less expensive but fast alternative to Ethereum. There are millions of dollars in transactions happening daily on this blockchain.

Blockchain Definition: a system in which a record of transactions made in bitcoin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network

[slimjim]

Originally Posted by AMSOILGUY

Oh man that 3% is just the beginning. Do you hold Matic crypto? For anybody wondering what that is, its a blockchain created as a less expensive but fast alternative to Ethereum. There are millions of dollars in transactions happening daily on this blockchain.

Blockchain Definition: a system in which a record of transactions made in bitcoin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network

I do, picked up more a week ago. +39% on that one


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[AMSOILGUY]

Originally Posted by slimjim

I do, picked up more a week ago. +39% on that one


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Nice! I got into that nearly right away when I first entered crypto($0.45). I plan to hold it for a long time. Do you earn interest on your Matic? I am earning 12% on mine and its being deposited into my wallet every 7 days. Its hard to believe that just for not selling it I will double my token count in less then 10 Years. Are you doing this with your holdings?

[slimjim]

Originally Posted by AMSOILGUY

Nice! I got into that nearly right away when I first entered crypto($0.45). I plan to hold it for a long time. Do you earn interest on your Matic? I am earning 12% on mine and its being deposited into my wallet every 7 days. Its hard to believe that just for not selling it I will double my token count in less then 10 Years. Are you doing this with your holdings?

I stake my ethereum for 2.0, it’s variable and now down to about 6%, in the past I’ve staked several whenever the APY is high, but for now only eth. I went through a “trading” phase during a couple covid hotel lockdowns and wanted all currencies available to me. It was somewhat successful but my trades just weren’t large enough for decent returns worth my time, plus I got sick of checking the exchange every 20 minutes. So for now I just DCA each month about 1/3 what I do with stocks.


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