Good opportunities to invest with Bitcoin

gkishot · May 19, 2019

johnarb said:
I'm very reluctant to respond to this as I don't want to recommend something I have a position in. I saw the thread the first time it was started and since you asked again a follow-up, here goes:

My biggest cryptos position is Tezos (xtz) and you invest in Tezos with bitcoin, rather, by trading btc to xtz

What's the value proposition?

xtz is based on liquid proof-of-stake blockchain security model which yields about 8% annual returns (if delegating to a baker aka miner) or about 9.5% if solo-baking (aka solo-mining)

What does it mean in layman's terms?

If you invest $100K in xtz today (with that amount, you should be solo-baking, but you can still delegate to a baker if you don't want to setup your own baking operations), you will get about $9.5K in yearly returns in xtz coins based on today's valuations. Just like investing in dividend-yielding, this is separate from the actual $ value rise or decline of the xtz.

For simplicity, let's say xtz is $1 each (it's trading about $1.80 currently), you will get approximately 9500 xtz in your baking wallet, or about 78 xtz per cycle (every 3 days).

If next year, May 19, 2020, xtz is trading at $2, your actual returns on your $100K investment would be significantly more, and of course if xtz is $0.5 your returns are significantly less when measured in $ value

There are other Proof-of-Stake coins, but xtz is Liquid POS, which means you can move your coins anytime and sell it anytime, unlike other coins that lock you for a specified amount of time. Be advised that moving your coins or changing delegations means you will lose the rewards for that cycle on (length of each cycle is ~ 3 days, or 4096 blocks).

The sample above is for $100K, of course only invest what you're comfortable with, so, adjust accordingly if investing $2000 or $10,000, but to be a solo-baker, you need at least 1 roll, which is 10,000 coins, or about $18K and many baking services will only accept delegations of 1000 xtz's or more

https://tezos.com/
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What exchange offers this stuff?

johnarb · May 19, 2019

gkishot said:
What exchange offers this stuff?
More...

Kraken is the most appropriate for US folks. If you can pass the KYC, there are exchanges outside of the US you can buy xtz using bitcoin (i.e. Huboi Global hbg.com).

Please don't buy from hitbtc, it's a known scam exchange and you may never get your coins, but again, only buy in $2-300 lots and withdraw immediately. Tezos has an Android wallet called CorTez built by the Tezos core-developers, but not sure if that supports delegating function.

Coinbase announced a month ago they will offer XTZ as part of their Staked offering product, we suspect that it will be offered on the Coinbase exchange, as well, but no guarantees. If it does get offered on the Coinbase exchange, it could very well shoot up in price.

https://blog.coinbase.com/coinbase-...os-makerdao-governance-to-follow-68f7bc51bc53

Overnight · May 19, 2019

Never "invest" in something you do not understand.

johnarb · May 20, 2019

Overnight said:
Never "invest" in something you do not understand.
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Always a caveat comes with any investment advice is to dyor or do your own dd.

Anything can be understood if one makes the appropriate effort.

momo3HC · May 25, 2019

johnarb said:
I'm very reluctant to respond to this as I don't want to recommend something I have a position in. I saw the thread the first time it was started and since you asked again a follow-up, here goes:

My biggest cryptos position is Tezos (xtz) and you invest in Tezos with bitcoin, rather, by trading btc to xtz

What's the value proposition?

xtz is based on liquid proof-of-stake blockchain security model which yields about 8% annual returns (if delegating to a baker aka miner) or about 9.5% if solo-baking (aka solo-mining)

What does it mean in layman's terms?

If you invest $100K in xtz today (with that amount, you should be solo-baking, but you can still delegate to a baker if you don't want to setup your own baking operations), you will get about $9.5K in yearly returns in xtz coins based on today's valuations. Just like investing in dividend-yielding, this is separate from the actual $ value rise or decline of the xtz.

For simplicity, let's say xtz is $1 each (it's trading about $1.80 currently), you will get approximately 9500 xtz in your baking wallet, or about 78 xtz per cycle (every 3 days).

If next year, May 19, 2020, xtz is trading at $2, your actual returns on your $100K investment would be significantly more, and of course if xtz is $0.5 your returns are significantly less when measured in $ value

There are other Proof-of-Stake coins, but xtz is Liquid POS, which means you can move your coins anytime and sell it anytime, unlike other coins that lock you for a specified amount of time. Be advised that moving your coins or changing delegations means you will lose the rewards for that cycle on (length of each cycle is ~ 3 days, or 4096 blocks).

The sample above is for $100K, of course only invest what you're comfortable with, so, adjust accordingly if investing $2000 or $10,000, but to be a solo-baker, you need at least 1 roll, which is 10,000 coins, or about $18K and many baking services will only accept delegations of 1000 xtz's or more

https://tezos.com/
More...

Doesn`t mean that kind of investment but thanks. I`ll see it.

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Good opportunities to invest with Bitcoin

gkishot

johnarb

Overnight

johnarb

momo3HC