Just a funny coincidence that most of the crypto markets fell up to or around 10% today and my first thought was it’s on sale. I have noticed that Bitcoin is cheaper today than it was last in early October. If this is a buy the dip opportunity, or not, I cannot say but it certainly feels like a Black Friday sale disguised by fears of new contagious pathogens and potential government imposed lockdown fear.Continue reading Crypto Black Friday Sale 2021
Note that most of the following assumes you have existing crypto assets and/or CRO, plus some free cash to move around.
I have been using the platform for a few weeks and staked some of my existing crypto as well as converted some extra cash to TCAD earning way better interest rates than any bank with theoretically less risk than the stock market (there is risk of the platform going out of business).Continue reading How I’ve Been Using the Crypto.com App for High(er) Returns
Working in the Information Technology industry has it’s ups and downs, but in 2011 a co-worker told me about Bitcoin and I was able to use our lab computers to start mining. Having prevoiusly been involved with [email protected] and other distributed computing projects, this was right up my alley. This turned into a hobby and I used my magic internet money to buy a new computer and graphics cards to mine on, until…Continue reading What I Mine(d)
So far I have not had nearly the advertized APY “rewards” from any of the following Liquidity Pools:
I think Cronos is too new and people who got in on day zero doubled (or more) their money overnight and as early as I am, I am still a few days late to the party. These first-movers are taking profit already and driving the price of the tokens in the pool down. This exacerbates impermanent loss, so I suppose I will stay all-in and ride it out. However, unless you are first in line, it is much less risky to not chase these high yields.Continue reading PSA: Don’t Chase High APY LP Yields (Cronos Edition)
Here is a quick comparison of some non-custodial wallets I have used. This is not an exhaustive list as there are MANY wallets available. I am not covering native coin wallets such as Bitcoin Core or Electrum which are specific to their respective coins (Bitcoin or Bitcoin Cash for example).Continue reading Non-custodial wallet comparison
I’ve been recently interested in DeFi and have long been interested in cryptocurrency vs. fiat money. One thing that I have always cautioned people about cryptocurrencies is their risk that they could go to zero, and as such, I’ve only ever mined or traded crypto that I held, never invested any of my fiat dollars (the exception to this rule is that I have recently exchanged some fiat for stablecoins as they are pegged to the fiat dollar in order to get higher returns than the bank or even stock market). I wouldn’t feel right, especially with crypto at an all time high, if I changed my tune and said to the people I care about that they should go and buy bitcoin, or invest in crypto (however I’ve used some of what I’ve cashed out, to buy the dip on certain bitcoin ETFs traded on the Toronto Stock Exchange in my Tax Free Savings Account).
With my foray into DeFi and yield farming, I’ve decided that since what would have been sitting in a cold wallet is now earning me additional crypto, I might as well share this “bonus” with those closest with me.
My decided introduction to the world of crypto:Continue reading Why I am giving my family and friends $500 worth of crypto
My current hypothesis is that you should yield farm on the network with the lowest transaction fee. What does this mean?Continue reading Lowest Fee Crypto Yield Farming
How to do DeFi in ~7 steps down the rabbit hole
Over the past week around the start of November 2021, I have decided to learn a little bit more about the current state of decentralized finance (DeFi), with a focus on the various blockchain “features” to get a better pulse of the current state of the market. I have been somewhat invested in a few cryptocurrencies that I was not very familiar with but they SEEMED to have decent staking rewards (more on this later) at more that what a bank would give – on Kraken up to 20% for Kava as an example (and it was not required to claim any rewards; restaking seemed to happen automatically with the exception of Ethereum, also more on this later).Continue reading DeFi Deep Dive