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RE: Cryptos I'm buying while prices are down
I have a little NXT. Steem I think is going places and skys the limit. NXT I'm on the fence on. Was debating on staking it since it's rather cheap. I love the idea but not sure how confident I am in the dev team.
Well I like NXT and stake it. I wouldnt bank my future on it but it's a fun little side project. I have it running on a raspberry pi. More of an adult version of Lego than a serious investment strategy for me. Haha
Hah hah fair enough my man. Will have to let me know how it goes. I was thinking of doing the same with Redcoin since it's so cheap and you can stake it. Maybe I'll look at possibly doing that with redcoin or nxt.
Be careful delving down that rabbit hole. I had to actively stop myself buying about 5 raspberry Pis and staking all sorts of coins. Then I slapped myself and remembered that I'm trying to make a profit.
I'm right there with you. nearly tried buying a bunch of PIVX until I realized at its current price it wasn't practical. Instead put money into Ark to buy a lot of that and staking that since I think it will take off. I think staking coins is likely the future and mining will be a thing of the past.
How much ark do you need to start staking out of interest? And what returns are you getting?
Ark is actually a delegated proof of stake. You use your Ark to vote for a delegate and long as that delegate is in the top 51 they forge Ark then payout their stakeholders. Ark you probably want at least 1000. More you have the bigger the payout. My returns are still pretty small but I chose Ark because the payout seemed better then PIVX or NXT. Even with a smaller amount I'm at least getting something paid out every few days. With those two I'd be waiting forever even with 1000 PIVX or NXT to get payouts.
Ah yeah that's right I remember reading about it now. I might have to give it a try. Cant find any calculators, if I were to buy 1000 any idea how much it would bring?