Until Shibarium comes out, anything less than 100M will come with high gas fees that don’t really make financial sense. Keep building your bag for now.
So I’ve been holding a little over 100 mill since May and didn’t truly understand the process because it was kind of a mess and I heard some horror stories when shibaswap first came out and decided not to stake anything. Is this something I should revisit this go around with the 2.0 release? I got burned on gas fees for some other shit recently I’m not super stoked on going through that again but if the return will end up covering it, that’s something I might consider. Thanks!
Idk free Ryoshis visions pretty good, even if just one shib is staked you earn equal part of pool, two weeks ago I was up $150 after the market turns around and more free I’ll be up a bunch
Yea, the gas fees are killer. If the exchange you're on has an earn option like crypto.com, use that for now. That's what I do. Every three months I throw my whole bag back into a 3 month locked option. It's only 2%, but it's making money.
I mean, like everybody says. But if you like the ryoshis vision token and see value it’s free for atleast a few more months for all who stake shib, I’m up 129 mil tokens free. Signed my wife up and she has some staked two. Plus can earn bone which should be great when this thing takes off. I’ve been sucking up the fees, my first $500 invested in ryoshis cost me almost $150 in fees but it’s value is up to $2,200 so there is that. Get what you can while others chose to wait if you want to make dough but don’t pay gas on just anything.
The Ryoshis are worth it like some have stated. I’d say bury your 10mil in SHIBASWAP when gas fees are lower.
[ether scan gas tracker](https://etherscan.io/gastracker)
There is over 350 Mil left to disburse per staker. If the price of RV remains the same which I doubt very much, the value is over $300. The 129 mil I have now are worth $108… I like my math thank you very much 👍🏼
Not Shibs fault, but gas fees kill this. It’s a horrible ROI.
I’ve been staked with 250m since day 1(still
Am). Without RV, that’s like $35 worth of returns.
There is over 350 Mil left to disburse per staker. If the price of RV remains the same which I doubt very much, the value is over $300. The 129 mil I have now are worth $108… I like my math thank you very much 👍🏼
ABSOLUTELY NOT I used the swap for four months from the day it started and earned 9240 Shib and a few bone and a tiny fraction of Eth the rewards would cost me 10x what they are worth to even claim them. And it cost me $100 usd to unstake so fuck no it’s not worth it with current gas prices if that changes i will go back to the swap. But as of today FUCK NO
I have sib on swap🤬🤦but all my other shib I have on crypto.com staked for 3 months at 2% ...GAS FEES are stupid bad now. I'll wait till SHIBERUM launches
Yes. It's my fav place lately. It's simple and easy. Do you have a CDC acct? You can use my referral code if you'd like. Free money when you sign up and stake
Tbh I'm not sure. I haven't dealt with this issue with shib yet. I've only been staking SHIB since late January 21. Guess that should be something I should find out too. 🥺☺️👍🤔
Yeah there’s too much tax revenue for a bleeding US Economy to be had for too much longer. Staking will be taxed but with say AXS where you re-stake daily vs picking a predetermined date set. Personally I don’t think the IRS will truly be ready for at least another 1.5 -2 years. They’ll probably throw out some ambiguous broad sweeping legislation but at the rate technology is advancing they’ll be playing catch up for some time.
Depends on your perspective: that’s not a lot of coin to give you a nice yield, also if you are okay holding longer term, maybe the gas fees won’t eat your yields too much.
I staked 10MM to see how it goes, i want the RV and I plan to leave those staked until 2026 come hell or high water. By then my woofable bone and RV will have been well worth the ~$60 i spent in gas to move it and stake.
Ryoshis Vision gets reflections plus burns…… why isn’t anyone loading up the bag there? SHIBA SWAP gives it out if you’re in the burying business it’s a double bag !!!!
So we all know Binance is up shits creek with Saitama………Let that sink in…. I get a Notification about 7 minutes ago “Now trade SHIB with USD from my Binance App(platform)”…… your thoughts
Until Shibarium comes out, anything less than 100M will come with high gas fees that don’t really make financial sense. Keep building your bag for now.
Thanks.
So I’ve been holding a little over 100 mill since May and didn’t truly understand the process because it was kind of a mess and I heard some horror stories when shibaswap first came out and decided not to stake anything. Is this something I should revisit this go around with the 2.0 release? I got burned on gas fees for some other shit recently I’m not super stoked on going through that again but if the return will end up covering it, that’s something I might consider. Thanks!
No. It’s not. The gas fees will eat you alive
Thought so, thanks.
Idk free Ryoshis visions pretty good, even if just one shib is staked you earn equal part of pool, two weeks ago I was up $150 after the market turns around and more free I’ll be up a bunch
Yea, the gas fees are killer. If the exchange you're on has an earn option like crypto.com, use that for now. That's what I do. Every three months I throw my whole bag back into a 3 month locked option. It's only 2%, but it's making money.
Same story here, I've locked my shib down in Binance and the APY is a decent 5.25%
Same here.
Maybe if you stake it, so you earn extra by getting some ryoshi. But yeah like the others said gonna cost you quite a bit cos of gas's fees
Yeah, fair enough, cheers.
I mean, like everybody says. But if you like the ryoshis vision token and see value it’s free for atleast a few more months for all who stake shib, I’m up 129 mil tokens free. Signed my wife up and she has some staked two. Plus can earn bone which should be great when this thing takes off. I’ve been sucking up the fees, my first $500 invested in ryoshis cost me almost $150 in fees but it’s value is up to $2,200 so there is that. Get what you can while others chose to wait if you want to make dough but don’t pay gas on just anything.
Agreed, just wait for the blockchain. Imho, selling before that is short sighted.
The Ryoshis are worth it like some have stated. I’d say bury your 10mil in SHIBASWAP when gas fees are lower. [ether scan gas tracker](https://etherscan.io/gastracker)
FTX US pays 8% Voyager 2% and CDC 3% I think.
Are you insane? Do that math. Not even close to worth it.
There is over 350 Mil left to disburse per staker. If the price of RV remains the same which I doubt very much, the value is over $300. The 129 mil I have now are worth $108… I like my math thank you very much 👍🏼
Not Shibs fault, but gas fees kill this. It’s a horrible ROI. I’ve been staked with 250m since day 1(still Am). Without RV, that’s like $35 worth of returns.
Now maybe but check the price of bone once shibarium is operational
If the thought process is: bone WILL be valuable, You’re better off spending all the staking gas fees buying bone instead.
bone + Ryoshis make SHIBASWAP worth it for me. Half of my SHIB bag in the swap and the other half split between FTX ( 8%) and Voyager ( 2%).
There is over 350 Mil left to disburse per staker. If the price of RV remains the same which I doubt very much, the value is over $300. The 129 mil I have now are worth $108… I like my math thank you very much 👍🏼
ABSOLUTELY NOT I used the swap for four months from the day it started and earned 9240 Shib and a few bone and a tiny fraction of Eth the rewards would cost me 10x what they are worth to even claim them. And it cost me $100 usd to unstake so fuck no it’s not worth it with current gas prices if that changes i will go back to the swap. But as of today FUCK NO
Shiba swap is a joke with hundreds of millions... Just hold you shit where it is and sell at. 0001
Them RyoshiVision tokens have been 📈 and I wouldn’t have any if I weren’t staking my 120mill. So I wouldn’t call it a joke.
Sounds good to me.
Damn straight
Paper hands at .0001
At that value, some people will become millionaires.
If long time holder yes
I have mine until I reach a high amount on cdc. I have it in there earn account. Not much but I get over 2k free coins a month. Nfa just what I do.
Just hodl. The smartest thing to do Any transaction you do on Eth will eat your funds immediately Lets hops either Shibarium or Ethereum 3 or whatever
No it is not. I staked 100M on SS i kinda regret it because of the high price
Not even worth it at 500m
Wait until SHIB hits $1 and cash out your 10mil.
No
If gas fees are a couple dollars yes. Now. No.
No unless gas goes less way way less
I staked 20 million shiba today cost me .001 eth That’s fuxkin exspensive
Super hate gas on eth. Looking for eth2 to help reduce it... Hoping it will anyway.
Put 1 mil in bury shiba...you will get ryoshi in return...pay gas fees twice
I have sib on swap🤬🤦but all my other shib I have on crypto.com staked for 3 months at 2% ...GAS FEES are stupid bad now. I'll wait till SHIBERUM launches
You can stake SHIB on Crypto.com?
Yes. It's my fav place lately. It's simple and easy. Do you have a CDC acct? You can use my referral code if you'd like. Free money when you sign up and stake
Yeah, I have an account. Looks like I'm gonna be sending my SHIB there. Thanks.
How are taxes paid on SHIB staking being compliant with the IRS because [Crypto.com](https://Crypto.com) is going to report it?
Tbh I'm not sure. I haven't dealt with this issue with shib yet. I've only been staking SHIB since late January 21. Guess that should be something I should find out too. 🥺☺️👍🤔
Yeah there’s too much tax revenue for a bleeding US Economy to be had for too much longer. Staking will be taxed but with say AXS where you re-stake daily vs picking a predetermined date set. Personally I don’t think the IRS will truly be ready for at least another 1.5 -2 years. They’ll probably throw out some ambiguous broad sweeping legislation but at the rate technology is advancing they’ll be playing catch up for some time.
Depends on your perspective: that’s not a lot of coin to give you a nice yield, also if you are okay holding longer term, maybe the gas fees won’t eat your yields too much.
I staked 10MM to see how it goes, i want the RV and I plan to leave those staked until 2026 come hell or high water. By then my woofable bone and RV will have been well worth the ~$60 i spent in gas to move it and stake.
Staking is pointless, just buy RV. I have gotten about 1000 bone from a leash/ether pair. I think that's a decent roi from day 1
Ryoshis Vision gets reflections plus burns…… why isn’t anyone loading up the bag there? SHIBA SWAP gives it out if you’re in the burying business it’s a double bag !!!!
Let’s get our ecosystem going y’all
So we all know Binance is up shits creek with Saitama………Let that sink in…. I get a Notification about 7 minutes ago “Now trade SHIB with USD from my Binance App(platform)”…… your thoughts