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RE: Now that's what I call a stake!

in Discovery-it • 8 months ago

I don't know where to start. Already, I've been salivating over the photo of your steak even as I'm leaving the table.

Secondly, I've come across your "Finance Friday" series several times now. It's really interesting and it's articles like this that I'm looking for (with feedback, etc.).

I don't know anything about DeFi, well I do, but I'd seen that it was very risky. I like risk, but too much risk. So I wasn't really interested. Maybe I should have.

In any case, I've been trying to invest my money since I was about 20. I started with "traditional" financial products with interest rates around 0.5% and 3%.

Then I started stacking crypto on Binance, where I benefit from much higher rates (between 5% and 15%). And then recently, I discovered Hive with the HBD and its 20%.

The only problem is that in France, if you want to withdraw your crypto in FIAT currency (euro), you have to pay a flat tax of 30%. Well, at the moment I don't feel like withdrawing my cryptos anyway, but I find it huge.

Can't wait to read the next articles in this series! 😉

8 months ago in Discovery-it by
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         8 months ago 

        Yeah, anytime I plan on moving money out I bake the 30% tax in. So if I need 10K I take out enough to cover the 10K and whatever the taxes will be. It can be a bit like trying to hit a moving target at times. My traditional investments have been doing well for me. I think I average between 7% and 12% on them. HBD staking is where it's at right now. You just can't beat that 20%! Most of the DeFi stuff I do these days happens on the Hive chain through beeswap.

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               7 months ago 

              Thanks for the feedback! Your traditional investments at 7-12% are huge, congratulations. And for the 20% HBD, yes, I haven't found better haha 😉

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