Hello anons. I am pretty close to making it, only need about a 7x to be set for life here in the states. Currently pretty much all in LINK. Is ETH a more guaranteed way of reaching my goal soon? Or will ETH 2.0 be a flop? I think trading all my LINK for eth now might be the safer option. I have been a linkie since assblaster but the upside for eth now is huge and seems like it is guaranteed to pump in the next few months
Also check out this japanese soup i made
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Nice soup. If you have reliable power and internet, and can spare locking up 32 ETH for 2 years, you may want to consider running an ETH 2.0 validator node. The earlier you get in, the higher your APR will be. Passive income is nice.
I’ve been trying to figure that out actually. So if you stake, your funds are locked for two years?
Bitcoin is pretty much certain to do a 7x from here, so I'd move to that since it's the safest coin, but if you wanna be a bit more adventurous a 50/50 BTC/ETH split would probably get you there anyway. I definitely wouldn't keep the majority in LINK anymore; too risky when you're so close to making it.
I can’t sell my linkies. I have 35k worth of other shit, ill just buy a couple bitcoins with that
Yeah same trying to figure out that as well. Having a computer be on 24/7 is kinda a deal breaker for me.
Unfortunately yes. I'm doing it but thats only because I'm heavily invested in ETH
If you buy ETH now you sell it at 0.1 BTC in 2021 sometime. That's a 3x in BTC, but since BTC is going to 100k you'll have a 5x on top.
Look into AWS
>So if you stake, your funds are locked for two years?
ETH 2 is rolling out in phases. Your funds would be locked until the ETH 1 chain docks with the ETH 2 chain in phase 1.5 which is estimated to occur in 1-2 years.
>launchpad.ethereum.org
>launchpad.ethereum.org
The validator should run on a dedicated computer and have reliable internet and power. You should get a high quality router and UPS to connect to. I created a shopping list for myself and my frens or recommended parts (aiming to never have to upgrade so pretty decent specs).
Shopping list
docs.google.com
user why the hell would you host it yourself instead of using AWS. I know I already posted about them and bezos can suck my dick im not a shill but could you possibly beat their uptime? There’s no way. They have a ton of resources
Why would I host it on AWS? My uptime is good, I'm Linux-competent, and I have a dedicated fiber line. How much do you think an AWS instance would cost with similar specs to what I posted (i7, 32GB RAM, 2TB NVMe)? This is something that needs to be running constantly for years too.
My understanding of staking is ANY down time gets you slashed, so you can’t afford failure. I trust a big company’s infrastructure more than a server rack I build myself in my own home. For instance, the lights in my bedroom today went out inexplicably. If I had a node depending on an outlet in that room, it would get me slashed and cost me thousands. But I admit I have never tried to run a server before and am also not familiar with ETH staking terms
If ETH scales and works, LINK will moon more. Adoption of smart contracts will bring more value to the LINK staking/node system, than gas costs on ETH. The adoptive value accrual driver will be much higher through LINK.
I am 100% LINK with a 200k stack, but if I were to swap out any, it would be to bitcoin, as that's a guaranteed 5-6x.
But not now. Swapping into BTC after a 50% pump and the longest time without a 20-30% correction, is madness. There will be a distribution to alts. After that, I may consider it, but I doubt that. LINK will be 200$ minimum this cycle, more like $4-600
A 200,000 LINK stack? You’re still here?
Got 220k LINK, 500k DAI from farming and some private sale ICOs which are vested for some time.
This is not retire and live it up for life stack ($4m USD) here or most expensive Western countries. Think about your kids, wife, ongoing costs of life while wanting to live it up. I'm aiming for 20m USD equivalent as my 'start cashing out' point.
>200,000
Nigga just retire, passive income would be more than enough.
Absolutely based. My stack is an order of magnitude smaller than yours and I thought I was one of the biggest left on Zig Forums. Good to know thats not true. I’m not fucking selling.
>My understanding of staking is ANY down time gets you slashed, so you can’t afford failure.
It gets you slashed for the exact amount you would have earned during the uptime, which is not much for short outages. You can deposit additional funds from your wallet to make up for it to not lose your interest baseline. Someone on stackexchange approximated that you'd lose 0.096 ETH if you were down for an entire week.
>ethereum.stackexchange.com
Most residential outages are pretty short and covered by the UPS battery as long as only the server, modem, and router are on it. I'm also planning on hosting my own ETH 1 node (the ETH 2 node needs access to one). You could use a free 3rd party service like Infura, but there are limitations you could run into. I ran into this one myself when running on the ETH 2 "pyrmont" testnet:
>github.com
I want full control of my stuff so that I don't run into strange bugs and limitations by 3rd parties.
Interesting, so amazon hosts it for a fee. I wonder what the numbers would look like at 32 eth staking. How much net profit are you looking at if you stake with AWS.
Are you going to sell the top or keep most of your stack and stake? What's your opinion on LP?
There are resources on deposit eth page showing how you can use cloud validators, some have your keys and you own withdrawal keys, some don't keep any of your keys.
Oh okay. That policy is not too bad. Ill consider doing this myself then with the alts I might convert. Im also a linux fan boy and have ran eth nodes before so it doesn’t sound too hard. By my calculations I can expect to easily get ahold of around 50 eth. Should be fun to play with.
LP is great for forever passive gains, but it's overpriced. within 3-6m of staking being released, demand for pools staking high value will exceed LPs capacity and they'll hardcap themselves to prevent centralisation.
There's going to be a lot of high value nodes run by good companies through which you can stake and get favourable returns.
I'm planning to selling down to at most 100k, but I imagine I'll sell 125k, then switch out 25k to bitcoin, and ride the bear with 75k LINK earning passive income and Bitcoin.
The next cycle after this will peak sooner than previous cycles imo, probably looking at 2024-23, so don't want to be caught with my pants down.
Honestly AWS is expensive. By my rough calculations it could cost 3500USD/year. So if you only staked 32 ETH at a price of $1,000/eth and assuming 10% ROI (generous) you would lose $300. That being said, the more you stake the less of an issue it is.If you’re staking 600 ETH and getting $30,000 annually in returns the AWS price might be worth saving the hassle.
What would you consider a fair price for LP?
>The next cycle after this will peak sooner than previous cycles imo
Why do you think that? I thought the general school of thought is that every subsequent cycle is more drawn out with a reduced amplitude.
Ah ok yeah then staking is not really for me. Seems very complex to set up at home. Seems like just getting an index fund would be safer and make about the same. Thank you though for help.
Im in the same boat as you OP except I need a 5x to be set for life. I was debating this very thing as well but im choosing to ride out it out in link.
Because
1) the basis for the #4IR will be set for adoption. ETH mature, LINK mature, macro perspective set, CBDCs will be live, full MMT will running.
Think of cryptos as tech adoption, not a commodity cycle. 'Gradually then suddenly'
2) Every dickhead thinks this works in 4 year cycles or lengthening cycles. For whale speculators to best way to profit from this is create a short bear market with a quick peak forcing people to renter near the top through FOMO.
in the same vein, the big brain play if you're young is to just hold the next 4 years. You'll make it even with a small stack.
>ETH 2.0
Who's gonna tell him?
>I'm aiming for 20m USD equivalent as my 'start cashing out' point.
with that attitude you'll probably never cash out and never live life
Or you could by link. Eth is going to used solely for gas as soon as arbitum hits
Makes sense. And it really does seem like we're in the main thrust of the institutional phase right now with all these funds buying up BTC
cryptopotato.com
>make it even with a small stack
I hope so. I'm really just trying to use Aave to get me up to 10k this run
Do you think this cycle has peaked?
If your answer is no, then do you think its coming in 1-2 years?
If yes, then why the fuck wouldn't you wait 1-2 yrs to make generational wealth?
I'm living comfortably, I don't need frivolous conspicuous consumption right now to make me content. I make a 6 figure salary and have little debt besides a mortgage which I could pay off with my stablecoins if I really wanted to. My lifestyle hasn't inflated on expected future gains. I'll wait.