Quote from: philipma1957 on April 27, 2023, 11:32:47 AM

Quote from: sxemini on April 24, 2023, 11:26:17 AM

Quote from: bitquad on April 20, 2023, 10:36:41 PM

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.

I staked 40 ETH (Max at the time) in May 2021. Then in February 2022 I added another 28 ETH. So for the past year, I staked 68 ETH on Coinbase. Coinbase takes a 25% admin fee. I have ETH on Binance also but not staking it currently.

I can make more with solo staking but am then responsible for configuration, maintenance, updates, etc. As well as the electrical costs associated with the validator. I already have the hardware and I think the electrical costs should not be too bad. We occasionally lose internet and storm-related power outages once or twice yearly. Not sure if these outages would impact the validators much.

So you have over $100k on an centralized exchange, which can be hacked every time and this for an interest of $7k in 2 years? Not worth the risk Cheesy

There are much better and safer opportunities.

I agree but worse yet eth has crashed vs dollar.

eth was 4000 in may 2021 it is 1880 now.

Eth was 2500 in feb 2022 it is 1880.

so 40 x 4000 = 160,000
and 28 x 2500 = 70,000
total $ value invested = 230,000

coins are 68 x 1850 = 125,800.

3.75% x 68 = 2.55 coins a year or maybe 5 coins or maybe 9250 cash

so if he cashes in 125,800 + 9250 = 135,050

230,000 = 135,050 he has a long way to break even.

As for the USD if you live in the USA and it hyper inflates the country will fall apart.

Hyperinflation means

50% per month.

https://www.investopedia.com/terms/h/hyperinflation.asp

"What Is Hyperinflation?
Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation measures the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.'

SO may 2021 1 dollar for a dozen eggs means

June 2021 >>>>> 1.50
July. 2021 >>>>> 2.25
August 2021 >>> 3.37
Sept 2021 >>>> 5.06
Oct 2021 >>>>> 7.59
Nov 2021 >>>>> 11.38
Dec 2021 >>>>> 17.07

Jan 2022 >>>>> 25.60
Feb 2022 >>>>> 38.40
Mar 2022 >>>>> 57.61
Apr 2022 >>>>> 84.41
May 2022 >>>> 129.62
June 194.43
July 291.65
Aug 437.48
Sept 656.20
Oct 984.34
Nov 1476.51
Dec 2214.76

Jan 3322.14
Feb 4983.22
Mar 7474.83
Apr 11212.24 this would be todays price of eggs if we had hyperinflation I saw eggs at 3.99 this week

if you live in the USA and are planning for hyperinflation you should be

1) buying food the keeps for years
2) putting in solar with off grid battery ability
3) own an all electric car
4) lots of guns and ammo

Frankly if the USA were to suffer real hyperinflation we have 400 million guns. A shit ton of people would be shooting each other.

As for Eth and staking. I rather be staking I bonds but the limit is 10 k a year.

Staking eth at 1850 a coin on coinbase is fine, but also think about some I bonds = For USA citizens only

Bitcoin also crashed against the dollar. It was $68,763 and now it is $29,441.

Let's see:

29,441 / 68,763 = 0.428
1,915 / 4,896 = 0.391

So yes, BTC has slightly outperformed ETH from all-time high prices, no doubt helped by Gary Gensler with his BS.

I am bullish on ETH. This is a Bitcoin Forum, so some people here hate Ethereum. I get it.

The tokenomics of ETH is better than BTC at the moment. It is deflationary. And what will happen with Bitcoin when miners receive a pittance in BTC for their mining efforts? Will fees support them? I see problems with Bitcoin's structure in the long run.