How to Never Go Broke (By Staking $ETH)
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- Опубліковано 30 тра 2024
- One of the best ways to build a passive income stream is to do crypto staking. But not just staking any coin… staking $ETH in particular. So the goal is to create a passive income stream that can cover the global average cost of living expenses per month, which we chose to be $1500 (inflation adjusted after 10 years $1800). And in this video I’m going to show you the exact math and strategy that gets us there.
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Timestamps:
0:00 Intro
0:36 The What (Staking)
1:25 The Why (Passive Income)
2:23 Important Assumptions
3:54 Did We Mess Up?
4:40 Live Look at Spreadsheet
7:30 Options for Staking
8:42 My Recommendation
9:07 Some Potential Risks
#ETH #Staking #PassiveIncome
Comment below if you have questions or want to see the spreadsheet to play around with it!
yes please!
@@CraigMullins1 here you go: docs.google.com/spreadsheets/d/1DDIUqc70ykANeknCBfn-wFi9kUDRur-8QlR4I5H5oME/edit?usp=sharing
ETH growth rate of 2.15% per month?? Have you invested in ETH in the last 12 months?
@@juleslondonit's an average rate across multiple bulls and bears.....
@Coinsider Thank you for the spreadsheet. I didn't know that stETH and rETH were compounding. I had checked a while ago and written them off because they were not compounding, but since Withdrawals were activated it seems they updated to become compounding. This is a very exciting development.
Meh - I'd say you really downplayed the risks here. A ton of DeFi protocols have been exploited and drained. It's simply not worth 4% IMO, when the risk is your entire ETH bag. DeFi is still to young and immature of a space for me to risk my Eth. Too bad they didn't go the route Cardano (ADA) did....staking is really 100% safe there because your ADA never even leaves your wallet.
If you have 10 ETH and just buy low and sell high on two cycles, you can make a lot more money, don’t you agree?
"Just buy low and sell high" lol have you seen gmx and hyperliquid profit numbers hahahah
Would love a video on eth staking tutorial including how safe it is, best way to maximize profit etc
Kindly make videoo on risk involved in Staking ETH , ,covering all aspects of LIDO , ROCKETPOOL , solo staking , minipool staking etc
Good idea
I would also be interested as well. Solo staking seems too complicated for me to realistically do, but I don't like the idea of staking by trusting a centralized entity such as an exchange. I don't fully understand staking as a service and how it keeps me in control of my ETH, and I don't understand how something like Lido isn't risky as well... I mean what would happen if they were compromised somehow?
What % eth are you willing to risk? And what platforms are you using? I assume lido and ? What % eth for each platform?@@Coinsider
Where did you factor the risk of “slashing”?
Anyway i can stake my Atom if i live here in California?
You are making a bold prediction when you try to go 15 years from now.
You can stake on your PC, so you don't pay a cut to Lido or Rocket pool.
I run Erigon+Lighthouse on my Windows 11. I made 2 .bat files. Double click execution layer, double click consensus layer, boom it's done.
If your PC goes down for a few minutes your staking gets slashed . This is why validators is safer because these are businesses with back up power supplies and redundant computers . Self stalking is risky
we need a video abut LIDO and who it safe
IMO DYOR
What do you think about Polkadot? Please your pro and cons. 🙏🏻
This also assumes your wallet never gets hacked 😢
Update your math with running a rocket pool validator and you'll be surprised how much more you'd end up with.
Fantastic content let's learn more about stacking.
If I invest 94 $ and hold . How much stake can I receive?
Yeh - I checked out when you compared staking to dividends from companies which actually generates real money
Thanks
Is this income visible to the IRS
Subject to keep eth price at same level or above!!😢
Check Reef, current apy 122%. Layer 1, evm compatible, won a price for best chain in the far east, mc just 30 mio.
🤫😂
where do i get spreadsheet?
Link to the sheet?
I had 50eth swapped them for Cardano
lool , why ?
Cardano >>>>> eth
@@boris_js bahahahhaha , cardano is joke , supported my charles promises
🪦
This has aged pretty well if you’re still holding
spreadsheet please!
Deflationary? Do you know eth supply increased by 2000 eth in last 4 days?
But minus 300k+ over the last year. lol
we have btc maxi here @@powerralley
Hell yeah💯❤️🥳🕺🏼
More eth videos pls!
Please tail coin review.
The ETH staking APY is shit and gets lower every day. In tens years it will be maybe 2%
This strategy is the same idea what I think usually
it's very long 10 years in a human life
Well any faster passive income stream may be a scam
This guy is a god send. Speaks with precision and sound logic
Show us examples of option 2
"PLEASE* show us some examples of option 2."
I can't believe this 😂
If I have 10 ETH already then you are never broke 😂
how?
i have 10
me too@@jonassx100
HAHA his getting those 10 ETH from the courses his selling
💯
WHAT IF I HAVE 300+ ETH tho????????
I like you. Very direct, very informative. Please keep making content I’ll be sure to send those likes your way
BNB please
You stake 10 eth on a custodial platform and lose it all … great tutorial
I’ve got 30ETH. Am I rich yet? 😂😂
Sounds like fiat games. PoW > PoS
Become a rent seeker! Be a part of the fiat world, brought on-chain, by staking my rent-seeker coin.
just 10 ETH ok next video probably less then 1% of your watcher don't have 17k usd laying around.
5thScape… their tokenomics seem flawed. Red flag 🚩😬
Most of people watching are looking to start with 500$ till 1k 😅
ftc 😃
Haaaaaaa haaaaa!! Staking anything is a TOTAL risk. Influencers are the worst of the worst.
What? A lot of people Stake their ETH.....
@@Coinsidercan u share sheet and give referral link for liquid staking?
@@Coinsider and?.... you're also saying 'never go broke'. That's a pretty big statement. Given how many entities have folded due to 'staking'. Nothing is a guarantee and your narrative seems to say otherwise.
There are a lot or people in this marketplace that don't do homework and imo narratives like this don't help.
@@jf6853 learn the difference between custodial and non-custodial staking, then you don't need any entity...
ahahahahahha! 29% growth rate? Do you know that ETHUSD can plunge to 20 bucks? You WILL go broke if this happens.
There's another HUGE assumption: 10 years in crypto is an eternity. We don't even know if Ethereum will be relevant 10 years from now
No way in hell the democrats are gonna let this fly for long. If the Dems stay in the White House in 2024 you can kiss all this goodby.
Even eth developpers don’t stake their eth. Staking is a ponzi game guys. Stay awat at all costs
Name checks out.
Staking on Cardano doesn't involve all this BS and risk that eth staking has.
Ethereum is an old technology..and technologies get old.. bitcoin and Ethereum are old slow technologies
Check Reef, current apy 122%. Layer 1, evm compatible, won a price for best chain in the far east, mc just 30 mio.