Quote from: passwordnow on March 01, 2024, 11:41:52 PM

There are still a lot of receivers that have sold at the mid of it and at the near top. Those are easy and free money and no matter how low they'd sell, they've just taken it for free so it's still a win. But our minds tell us that we've been a loser and missed selling at the top and that's considered as a loss already but it's not. Honestly, if I was able to sell a lot before and took profits in BNB, I'd just deposit it on the launchpool and let it run for as long as it can be. That's a lot of free money coming in there and surely a lot of people are doing this. But the more BNB you have, the greater benefits you have to receive more rewards from the launchpool.

If you're starting out and you don't have that much. Better go directly to that project's website and try to fill out what they're requiring their users for you to max out the rewards that they're going to distribute once they hit the deadline. Because usually, most of these projects are going to be dead so when you've received the reward and trading is still hot and exclusive for most of you, don't miss selling them because hype now is different and they're quickly gone.

I'm not sweating too much; it's basically free money. I still made more than I would have made by staking USDT, so that's still a win. I'm not going to complain about not selling at $2.50 instead of $3; not all projects are as fruitful as others, and it's not possible to yield the maximum from every single one of them. I'm still happy for what I earned.

Quote from: john1010 on Today at 12:44:11 AM

It's interesting to hear about your experiences with Binance's Launchpool, especially given your stance on centralized exchanges. It sounds like you've had some success with the projects you've participated in, despite acknowledging that many of the listed coins may lack long-term viability.

While Launchpool can indeed offer attractive returns in the short term, it's crucial to weigh the risks involved, including the potential for market manipulation and the volatility of newly listed tokens. As you mentioned, the opportunity cost of staking funds should also be considered.

I'm not exactly sure what you mean by your phrase "given your stance on centralized exchanges." Do you mind if I elaborate a little further? I support the services exchanges provide, but we need to distinguish that they're not meant to store cryptocurrency. I could have deposited my bitcoin as well, but I'm not going to do that for obvious reasons. Apart from that, thanks to Binance and its Launchpool, I've managed to substantially grow the money I initially deposited there. I'm also taking into account the opportunity cost of the staked funds; however, so far, the returns are higher than me staking on USDT or somewhere else.