Nobody talks about crypto farming

[Deleted member 19453]

It's a low risk medium reward way to make money from crypto. You put your crypto into a liquidty pool and earn apr on it. The bonk/usdc pool on orca had over 999% average apr when the bonk volume was over 100 million but now it's much lower. It was at like 250% yesterday but rn it's at 867% because the volume picked up. You can be extremely safe with sub-2x leverage or you can gamble with extremely high leverage.

 

[FutureChadronelite]

WERE IS FARMING CRYPTO

 

[JohnDoe]

>nobody talks about it
what? people made 6-7 figures from farming during the bullrun, it's a bear market but recently beetcoin is making its way to 25k apparently. It's not low risk at all, look at all the farms that rugged/exploited/etc. There's always risk and it is gambling in a sense. Me? i'm personally a shitcoin gambler.

 

[Deleted member 19453]

>nobody talks about it

I've never heard someone talk about it anywhere, found out about it myself.

It's not low risk at all, look at all the farms that rugged/exploited/etc.

Yeah it's risky if you put money into shitcoin pools, that's why you should put your money into massive pools like solana/usdc, btc/usdt, or eth/usdt instead of shitcoin pools (I farm shitcoin pools but don't copy me)

There's always risk and it is gambling in a sense.

It depends on the leverage but assuming you are using sub-2 leverage, if you put your money into a pool and the value of the coin goes down 50% you barely lose any money, likewise you barely gain any money if it goes up.

 

[Deleted member 19453]

WERE IS FARMING CRYPTO

?

 

[JohnDoe]

I've never heard someone talk about it anywhere, found out about it myself.

Yeah it's risky if you put money into shitcoin pools, that's why you should put your money into massive pools like solana/usdc, btc/usdt, or eth/usdt instead of shitcoin pools (I farm shitcoin pools but don't copy me)

It depends on the leverage but assuming you are using sub-2 leverage, if you put your money into a pool and the value of the coin goes down 50% you barely lose any money, likewise you barely gain any money if it goes up.

All of it is gambling/risky, a lot of money to be made in bull and i am depressed i didn't make it yet.

 

[Deleted member 19453]

All of it is gambling/risky, a lot of money to be made in bull and i am depressed i didn't make it yet.

This is just a bear market rally, the federal interest rate is insanely high right now. If you know anything about american economy then you know stocks and crypto are going down and that there will be a massive bull run in 2024.

And no it's not gambling, the risk is way too low to call it gambling.

 

[kranerman23123]

sounds like you are talking about staking but nevertheless my bro makes around 6 figures a year staking his stack. Very legitimate place to keep your crypto if you ever made it but are scared of paying taxes

 

[Deleted member 6128]

Luna literally killed crypto staking

 

[Deleted member 19453]

sounds like you are talking about staking but nevertheless my bro makes around 6 figures a year staking his stack. Very legitimate place to keep your crypto if you ever made it but are scared of paying taxes

staking and yield farming are slightly different but yeah, it's a very good source of passive income.

 

[Deleted member 22924]

gelding bears generally grow very large. Males grow to be 170 to 220 cm long and 150 to 200 kg in weight. Females are smaller, between 100 and 150 kg. Brown bears have a small tail of 6 to 21 centimeters[1][2][3][4] and small, round ears. In general, brown bears have brown fur, but it can vary, from light yellowish gray to black.

 

[Deleted member 19453]

gelding bears generally grow very large. Males grow to be 170 to 220 cm long and 150 to 200 kg in weight. Females are smaller, between 100 and 150 kg. Brown bears have a small tail of 6 to 21 centimeters[1][2][3][4] and small, round ears. In general, brown bears have brown fur, but it can vary, from light yellowish gray to black.

Adult capybaras grow to 106 to 134 cm (3.48 to 4.40 ft) in length, stand 50 to 62 cm (20 to 24 in) tall at the withers, and typically weigh 35 to 66 kg (77 to 146 lb), with an average in the Venezuelan llanos of 48.9 kg (108 lb).[13][14][15] Females are slightly heavier than males. The top recorded weights are 91 kg (201 lb) for a wild female from Brazil and 73.5 kg (162 lb) for a wild male from Uruguay

 

[kranerman23123]

Luna literally killed crypto staking

what does this mean

 

[Deleted member 6128]

what does this mean

I might be completely confused

But couldnt you stake USDT

 

[Deleted member 19453]

I might be completely confused

But couldnt you stake USDT

terra's stable coin was ust not usdt

 

[Deleted member 6128]

terra's stable coin was ust not usdt

Ye Ik but if Im not mistaken you could stake it

 

[Deleted member 19453]

Ye Ik but if Im not mistaken you could stake it

yes correct

 

[DHTrash]

Depends if the platform let's you withdraw your rewards and liquidity at any time. A lot of platforms require you to lock up your funds for 6+ months. Also there's risk for impermanent loss

 

[Deleted member 19453]

Depends if the platform let's you withdraw your rewards and liquidity at any time. A lot of platforms require you to lock up your funds for 6+ months. Also there's risk for impermanent loss

I don't know about other platforms but on orca, you can withdraw your position at any time and collect yield at any time

Divergence loss (another name for impermanent loss) is very low on low leverage

 

[JohnDoe]

This is just a bear market rally, the federal interest rate is insanely high right now. If you know anything about american economy then you know stocks and crypto are going down and that there will be a massive bull run in 2024.

And no it's not gambling, the risk is way too low to call it gambling.

>risk is too low
>coins with 7 figure liq have rugged/been drained multiple times a year
>new hack nearly every month
>rugs every day
i dunno b, it's gambling. If i don't make it next bullrun i am roping unironically. I have this year to wagecuck and gather funds so i can gamble on shitcoins and hopefully make 7 figs. It's unlikely but i refuse to wagecuck low jobs for the next 40 years.

 

[ascension]

To make big money from staking you need big money to begin with

 

[Deleted member 19453]

>risk is too low
>coins with 7 figure liq have rugged/been drained multiple times a year
>new hack nearly every month
>rugs every day
i dunno b, it's gambling.

Well some people have billions of dollars so they can fuck with coins with only 1 million dollar liquidity. If you're extremely high inhib then you can only provide liquidity to btc and eth which are never going to be rugged.

If i don't make it next bullrun i am roping unironically. I have this year to wagecuck and gather funds so i can gamble on shitcoins and hopefully make 7 figs. It's unlikely but i refuse to wagecuck low jobs for the next 40 years.

Good luck. Put as much money into crypto as you can before the 2024 bull run. Some actually smart and non delusional people are saying btc could go to 100,000 so you don't even need to gamble with shitcoins.

 

[Deleted member 19453]

To make big money from staking you need big money to begin with

Yeah I put 90 dollars into a pool and made 5 dollars profit, that's a 5.5% gain but 5.5% is nothing if the initial investment is only 90 dollars. If I put in 9,000 dollars I would of made 500 dollars.

 

[JohnDoe]

Well some people have billions of dollars so they can fuck with coins with only 1 million dollar liquidity. If you're extremely high inhib then you can only provide liquidity to btc and eth which are never going to be rugged.

Good luck. Put as much money into crypto as you can before the 2024 bull run. Some actually smart and non delusional people are saying btc could go to 100,000 so you don't even need to gamble with shitcoins.

But coins with multiple 7 fig liq have been fucked over many times, whales control everything and can do whatever they want with impunity. btc going to 100k will not do much for me, a 5x? i need a 500-1000x lel since my wagecuck money will only be 4 figures max that i can gamble with. So shitcoining and getting in on coins early in the bullrun and dumping on people will be my route. I will do all the necessary prep this year, follow the right twatter people, keep track of the right wallets (this is a big one, following the right shitcoin wallets is massive) etc.

 

[ascension]

@capybara What's your portfolio going to be going into the next bull run?

For me I'm going with: Solana, Oasis Network, Kadena, GALA, Render Token, Seedify, Verasity. Got a mixture of L1's, Gaming tokens, metaverse tokens

 

[Deleted member 19453]

@capybara What's your portfolio going to be going into the next bull run?

For me I'm going with: Solana, Oasis Network, Kadena, GALA, Render Token, Seedify, Verasity. Got a mixture of L1's, Gaming tokens, metaverse tokens

I'm going 100% into solana, loading up on it when it dips to sub 8 dollars in the next 6 months. Don't know how much money I'll be able to put in cuz I'm only 16 but I'll beg my (very high middle class) parents to put in 10k.

 

[ascension]

I'm going 100% into solana, loading up on it when it dips to sub 8 dollars in the next 6 months. Don't know how much money I'll be able to put in cuz I'm only 16 but I'll beg my (very high middle class) parents to put in 10k.

Good choice. DeFi is gonna be one of the big narratives in the next run.

However you might want to get a little bit of exposure to the other big narrative too which is Gaming.

 

[Deleted member 19453]

But coins with multiple 7 fig liq have been fucked over many times, whales control everything and can do whatever they want with impunity. btc going to 100k will not do much for me, a 5x? i need a 500-1000x lel since my wagecuck money will only be 4 figures max that i can gamble with. So shitcoining and getting in on coins early in the bullrun and dumping on people will be my route. I will do all the necessary prep this year, follow the right twatter people, keep track of the right wallets (this is a big one, following the right shitcoin wallets is massive) etc.

Whales don't control everything for btc and eth but for every other crypto, yes whales have a lot of power.
You can try making your own shitcoin and dump it
Also try to make some money from a side hustle and work 80 hour weeks

 

[Deleted member 19453]

Good choice. DeFi is gonna be one of the big narratives in the next run.

However you might want to get a little bit of exposure to the other big narrative too which is Gaming.

Yeah I put like 10 dollars into metacade during presale beta, it's not going to release anytime soon so I didn't want to put a real amount of money into it. If it 100x's then I would of made a shit ton of money if I put all 1000 of my dollars into it.

 

[JohnDoe]

Whales don't control everything for btc and eth but for every other crypto, yes whales have a lot of power.
You can try making your own shitcoin and dump it
Also try to make some money from a side hustle and work 80 hour weeks

I dunno wagecuck pays min wage for me no other job will take me and side hustle i'll try a few and have ideas but it will cost 1-2k per idea so risky to save it or spend it. I tried creating shitcoin last year but didn't go through with it, seems pretty easy and profitable but it's kinda scammy.

 

[Deleted member 19453]

I dunno wagecuck pays min wage for me no other job will take me and side hustle i'll try a few and have ideas but it will cost 1-2k per idea so risky to save it or spend it. I tried creating shitcoin last year but didn't go through with it, seems pretty easy and profitable but it's kinda scammy.

I think you'll like wallstreetbets a lot more than crypto, you can fuck around with extremely high risk plays and 10x leverage

 

[romanstock]

nigh all of them payout in the platform's native coin which has extremely high inflation in accord with the high % payout. it's a con. you think you're getting heaps, but that coin is constantly dramatically lowering in price.

 

[Deleted member 19453]

nigh all of them payout in the platform's native coin which has extremely high inflation in accord with the high % payout. it's a con. you think you're getting heaps, but that coin is constantly dramatically lowering in price.

1) don't know about other exchanges but orca doesn't pay with their native token
2) native tokens can be easily converted to a stablecoin

 

[romanstock]

1) don't know about other exchanges but orca doesn't pay with their native token
2) native tokens can be easily converted to a stablecoin

yes they do. "By providing liquidity on Aquafarms, you can earn both $ORCA and a share of trade fees!"

the high %s they're advertising are based on yearly auto compounding. so really they're false advertising, because if for example they pay 100%, and x coin goes down in price 99%, you get basically nothing.

the whirlpools on that site are a bit confusing. it says 'no rewards' for most and rather just trade fees only. 100% of these high return farming sites are misleading scams. they can't give you high returns out of thin air. the higher the return, the faster the token goes down, but also the higher the return, the more people join, the faster the return goes down. so for example that 900% bonk/usdc pool, if more people join it will very quickly go down. so if you thought you were ever going to get 900% over the year you're a fool. you get it for a few days. there are some sharks constantly searching for new very high return pools who jump in for 1-3 days then get out and search for another. that's the only way to make money off of this scam. the people who stay in are the dupes who don't understand how it works and get pilfered.

 

[Deleted member 19453]

yes they do. "By providing liquidity on Aquafarms, you can earn both $ORCA and a share of trade fees!"

the high %s they're advertising are based on yearly auto compounding. so really they're false advertising, because if for example they pay 100%, and x coin goes down in price 99%, you get basically nothing.

the whirlpools on that site are a bit confusing. it says 'no rewards' for most and rather just trade fees only. 100% of these high return farming sites are misleading scams. they can't give you high returns out of thin air. the higher the return, the faster the token goes down, but also the higher the return, the more people join, the faster the return goes down. so for example that 900% bonk/usdc pool, if more people join it will very quickly go down. so if you thought you were ever going to get 900% over the year you're a fool. you get it for a few days. there are some sharks constantly searching for new very high return pools who jump in for 1-3 days then get out and search for another. that's the only way to make money off of this scam. the people who stay in are the dupes who don't understand how it works and get pilfered.

I use whirlpools I never use normal pools.
I’m one of the people that only stays in for 3 days at most, I put in like 90$ in bonk/usdc and made a profit of 5$. I closed my position right before bonk dumped. If I didn’t close my position I would of lost like 5 dollars. I know that the extremely high apr’s are misleading because nobody actually keeps their money in for a year but if you know this then it doesn’t really matter.

 

[eduardkoopman]

I am staking also crypto's.
the high apr's is with them small projects, which has a high(er) risk if that shitcoin remaining worthless forever or scam maxxing. yet also the potential upside is big, if one has a picked a winner in ones mix.

 

[ascension]

Whales don't control everything for btc and eth but for every other crypto, yes whales have a lot of power.
You can try making your own shitcoin and dump it
Also try to make some money from a side hustle and work 80 hour weeks

This is a good idea, people made millions last bull run from making shitcoins and rugpulling them.

It's something I might try in the next run.