Hey guys, so why do people stake when they can

Question

HEX.COM

Cole (CBP) Certified Bitcoin Professional

Hey guys, so why do people stake when they can

do concentrated liquidity providing for 10x more interest per year ?

#cryptocurrency #english #hex-crypto

0

19.05.2022

12 ответов

8 просмотров

Ben

because as the price goes up you lose all your hex and get left with worthless fiat

0

19.05.2022

Cole (CBP) Certified Bitcoin Professional Автор вопроса

Ben
because as the price goes up you lose all your hex...

its only if it goes outside of your price settings. You can set your price settings really wide to a point where it is low risk, and you can still significantly outperform traditional HEX staking

0

19.05.2022

Ben

Cole (CBP) Certified Bitcoin Professional
its only if it goes outside of your price settings...

if you look at the hex price chart it makes very dramatic movements over short periods of time. If you're providing liquidity and the price goes up 200% in a couple of weeks whilst you're on holiday you can arrive back home and find that you've lost all your hex

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19.05.2022

Cole (CBP) Certified Bitcoin Professional Автор вопроса

Ben
if you look at the hex price chart it makes very d...

no no, you can set the prices more than 2x or 4x even.

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19.05.2022

Ben

Cole (CBP) Certified Bitcoin Professional
no no, you can set the prices more than 2x or 4x e...

yes and as you go up the range you are getting more of the token that's depreciating in value. This is called impermeant loss and is a function of how liquidity pools work.

0

19.05.2022

Cole (CBP) Certified Bitcoin Professional Автор вопроса

Ben
yes and as you go up the range you are getting mor...

yes I know all about impermanent loss. Its not NEARLY as bad as people think. People think they understand impermanent loss when they don't. I'm sure you understand it, but most people don't

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19.05.2022

Property4SalesinMiami

Ben
if you look at the hex price chart it makes very d...

Ben, I appreciate in advance your feedback: I bought HEX weeks ago, And a friend of mine wants to get into: where I can find a personal referral Link (if any) to sent to him so I can get additional HEX?

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19.05.2022

Ben

Property4SalesinMiami
Ben, I appreciate in advance your feedback: I boug...

there is no referral programme

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19.05.2022

Cole (CBP) Certified Bitcoin Professional Автор вопроса

Ben
yes and as you go up the range you are getting mor...

the percentage of money you lose when the price goes up, is not the end of the world. you still make gains, and you're still getting guaranteed LARGE interest. Like 10x larger than traditional HEX staking rates

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19.05.2022

Ben

Cole (CBP) Certified Bitcoin Professional
the percentage of money you lose when the price go...

it's a bad idea to do with hex vs usdc because hex (usually) appreciates so much against usdc that you will lose all your hex in what are relatively small moves. If you provided hex/usdc liquidity at sub 1c levels then you lost all your hex before we got anywhere near today's prices

0

19.05.2022

Cole (CBP) Certified Bitcoin Professional Автор вопроса

Ben
it's a bad idea to do with hex vs usdc because hex...

that's why I mentioned that you need to check on it every few days. But there is no way HEX will do a 5x in 5 days so you have plenty of time to monitor it.

0

19.05.2022

Combot · Accepted Answer

Combot

HEX's price went up the fastest when its liquidity was the lowest. Bitcoin's price went up the fastest when its liquidity was lowest. Ethereum's price went up the fastest when its liquidity was the lowest.

0

19.05.2022

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Hey guys, so why do people stake when they can

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