I don't use it as much as I should. I actually did move some Bitcoin over to my Ledger today from Coinbase, after reading about their stock taking a hit.
Plus, I need to move more over to take advantage of the staking thru Ledger.
1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
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Plus, I need to move more over to take advantage of the staking thru Ledger.
how do u stake through a ledger? how much are you getting per month?
Yep and just to make sure stamp it or carve it on a metal piece and put it in a safe.
wait if im understanding correctly Ledger gives 'rewards' for keeping stuff there?
And I assume the cold storage is multi coin supported?
The ledger does not give rewards. What does, is gives ONLY YOU, access to your funds. You have a "wallet" in exchanges, but if shyt goes south, the exchange has full access to it.
Nothing yet thru Ledger. Only staking what is auto-staked at Coinbase. ATOM, ADA, ALGO.
I saw you can stake Solana thru Ledger, so will try that one first. Video from Ledger going thru how to do it.
i thought you couldn't touch stalked rewards until a certain time period passes? you're saying once you are 'vested' you move it to the ledger?
Not following. I have Solana at Coinbase. I can move it to my Ledger and stake it.
im not familiar with that, i was referring to stuff like ETH2 and stuff
ETH2 is a different animal. I converted some of my ETH I got at Coinbase to ETH2 at Coinbase without reading first. With that one, you can't do anything until the merge. Can't move it, can't sell it, it's just sitting there getting rewards.
ETH2
Trading is not yet available
Your ETH 2 is unavailable to sell or send until the ETH2 network is fully launched. However, in the future we plan to enable a way for customers to trade staked ETH for other assets.
Tell ya friends you can use shiba to buy macbooks
i'd rather keep my shiba cuz at least that can go up in value and has good use. but good for shiba.
you can stake stuff on ledger.
Earn crypto by staking your assets | Ledger
Stake your crypto securely with your Ledger device and earn rewards passively through time - 6+ crypto compatible including : [ETH, SOL, ATOM, XTZ, DOT, TRX, ALGO]
www.ledger.com
Some coins have proof of stake and are supported. Don't think all are but not sure.
I started staking Atom on Ledger when I moved em on there two years ago. It's thru the ledger live app. But now I have a keplr wallet, which is an online wallet, not a physical device, that I stake on there as well as other cosmos ecosystem coins. Do good thing about that and Ledger is that I have to approve every transaction, whether staking or claiming rewards, on the ledger so it has to be connected before anything is done. Staking on ledger usually has an unbonding period. Maybe a week, or 2, or 3. Depends on the coin. You can claim staking rewards whenever but there is a gas fee so doing it too often or too soon wouldn't be beneficial. Ledgers also don't carry much space. I have one with my atom and then some eth, which I staked some of that as well on there. Then I had to get another device for Terra, tho that didn't work out so well, and btc, but I sold all of mine for time being. Basically one may not be enough over time cuz space is limited on them. I don't really transfer coins on there cuz I haven't been buying much lately. Other than cosmos and eth, most of my other stuff on metamask. only thing I keep on coinbase is my staked eth and some usdc from the btc sale that I'm waiting on the bigger dip to buy back in. ledger is one of many security features you can utilize. i also use google 2 factor authorization, sim card lock on the phone, and just don't give out any seed phrases or passwords cuz people will try to hit you up online for it. I've seen plenty of people on places like twitter writing replies pretending to be from coinbase or metamask support linking to google forms and asking for seed phrases. don't give it to anyone. I usually just report and block them if I come across any. i know coinbase is a major exchange, don't know if it's bigger than binance but they are definitely a top 3 exchange. not sure what the odds are of losing coins or anything on there are, but having a hard wallet is a good investment especially if you have a good amount of money on there. doesn't even have to be 6 figures. something like 5k that you plan on holding for a long time can also be beneficial to store somewhere safe. just be smart about how you move at all times, with or without a hard wallet.
Me praying to the crypto gods that btc drops to 10k or below while UST gets back to a dollar and luna to at least a quarter or even a dime. 
Likely be a crazy morning. Not only is Powell scheduled to speak but also the heads of the BOE and ECB all at 9 am. Don't know if it's a joint conference or just a coincidence. But having three major heads of finance giving a speech at the same time gotta have some effect on the markets. Not sure how often that happens.
Plus some GDP numbers coming out at 8:30.
"The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative."
Plus these manufacturing numbers from China later on at night.
"The Manufacturing Purchasing Managers Index (PMI) released by the China Federation of Logistics and Purchasing (CFLP) studies business conditions in the Chinese manufacturing sector. Any reading above 50 signals expansion, while a reading under 50 shows contraction. As the Chinese economy has influence on the global economy, this economic indicator would have an impact on the Forex market."
Of course not just forex since a strong USD tends to mean weakness in crypto.
Flirting now with 20k but that might end up breaking before Europe opens soon or when it does, and it might break 19k tomorrow especially if the speeches signal bad news or China gives bad numbers. I think I heard they were easing some covid restrictions but not too sure.
Also heard recently that Lebanon released some high ass inflation numbers as well as Zimbabwe. No surprises there.
Month almost over and it's likely gonna be the worst one on record.
Plus some GDP numbers coming out at 8:30.
"The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative."
Plus these manufacturing numbers from China later on at night.
"The Manufacturing Purchasing Managers Index (PMI) released by the China Federation of Logistics and Purchasing (CFLP) studies business conditions in the Chinese manufacturing sector. Any reading above 50 signals expansion, while a reading under 50 shows contraction. As the Chinese economy has influence on the global economy, this economic indicator would have an impact on the Forex market."
Of course not just forex since a strong USD tends to mean weakness in crypto.
Flirting now with 20k but that might end up breaking before Europe opens soon or when it does, and it might break 19k tomorrow especially if the speeches signal bad news or China gives bad numbers. I think I heard they were easing some covid restrictions but not too sure.
Also heard recently that Lebanon released some high ass inflation numbers as well as Zimbabwe. No surprises there.
Month almost over and it's likely gonna be the worst one on record.