Quote from: swogerino on April 24, 2023, 10:51:19 AM

Quote from: OgNasty on April 20, 2023, 07:45:54 PM

Quote from: bitquad on April 20, 2023, 09:47:47 AM

Quote from: OgNasty on April 19, 2023, 09:29:30 PM

I have some funds earning ETH on Coinbase at 3.72%. That means if you have 1 ETH sitting on Coinbase for a year, you’ll earn something like $6 worth of ETH per month. Not exactly retirement money but there’s also hope that the value of the ETH will increase giving you a gain and raising the amount of monthly interest you receive from staking.

So far I have earned around 4.2 ETH via staking on Coinbase. I started staking in 2021. I plan on starting multiple solo staking with ETH. I am not interested in trading crypto because of the tax nightmare. I'd rather accumulate more ETH slowly via staking and pay taxes on the interest payouts. I personally am bullish about Ethereum and think it will go well above $10,000 eventually. It might even go to $180,000 - per Cathie Wood. Of course, Bitcoin would be at around $1 million or more. The way I see it the Ethereum supply is 6x the Bitcoin supply so it makes sense for Ethereum to eventually settle at 1/6 of the BTC price. A fair value ETH price with BTC at $29,000 is around $4,800. Ethereum is currently undervalued compared to Bitcoin. And we can thank Gary Gensler of course for that.

https://ultrasound.money/

Judging by that admission and looking at my interest rate proclamation I would assume that you have around 50 ETH staked then. Certainly a great deal of money and more than most here. That likely earns you around $300 a month in more ETH at current prices, which isn’t bad for doing nothing. I for one am glad to see earning expectations is crypto coming back down to reality.

Staking 50 ETH and getting 300 dollars monthly,I am pretty sure that amount could be used in a much better way,you can just convert 18 ETH so you don't lose the 32 needed as a minimum for staking,and stake the other coin,for example a good example would be Zilliqa with 15% yearly interest which would be somewhat better than 300 dollars a month.Only by doing a rough calculation,18 ETH is about 1.200.000 Zilliqa and 15% is 180.000 a year which a day would make about 14-15 dollars and near 450 dollars monthly without doing anything.It all depends on imagination when you have that much money at your disposal Grin

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Weren't the high-interest rates one of the reasons why Terra Luna failed? And Celsius?

Zilliqa is up 588.19% the past 3 years.
Ethereum is up 878.21% the past 3 years.

So ETH has been outperforming ZIL.

I do have some ZIL though.

If ETH goes to $10k - $20k then 4% APY will be great. I plan on solo staking soon.