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As this Crypto Winter, we are in don't seem to be releasing its grip any time soon. Despite the bitcoin rally yesterday. I thought I would share some of the things I am doing to try and make the most out of a "bad" situation.
You do not have to break eggs to make $CAKE
One of the things I am doing is taking advantage of the very high APR you can get from staking your $CAKE over at Pankaceswap. And from the looks of things, there are many others who are taking advantage of this as well.
Currently, I am getting almost 49% APR on my $CAKE. Which is pretty crazy. I have however had them locked for quite some time in order to get it this high. The APR is dropping with time, so if you want to keep it high. You have to constantly increase the lock time. And it is important that if you plan to stake some $CAKE, make sure to make an informed decision.
A while back they reworked the staking on the site. This means that if you want to take advantage of ICOs you need to have $CAKE stakes in order to be able to access the ICO pools. ICO - Initial Coin Offerings. A way to be able to farm new crypto. Currently, there are 5 different ICOs to choose from.
I am currently not farming any of these. Mostly because I have not found any of them interesting enough to warrant a closer look. But each to their own. Also, I think it is more beneficial to make my $CAKE stack as big as possible currently. And then look to transition some of it over to other coins at the start of the new bull run. If I get the timing down that is.
Stacking Satoshis, aka Bitcoin
In a similar way to my $CAKE, I am trying to maximize and get as many Satoshis as possible. And yes, I prefer Satoshis over Bitcoin. Well at least until I get my hand on a whole Bitcoin. I will let you know if that changes my mind if, or when it happens. ;)
What am I doing to get my Satoshis then? I am actually using a faucet. WAAAAT!!! Blasphemy, right I know. But hear me out. I am not sitting and clicking at the computer every 5 min like a mad person. I am using https://freebitco.in/ and taking advantage of the fact that you can automate the faucet and thus getting it to claim the sweet, sweet Satoshis for you. Saving you from all that tedious work.
I am currently able to get 20 Satoshis every hour. Earning me at least 0,0000336 BTC every week. Currently, I have been able to get 0.00311418 BTC since I started doing this about 8 months or so back. Which is pretty nice considering I am literally doing nothing to get it. It does require that you stake ~$25 in $FUN tokens on the site to get rid of the captcha so you can automate it. But at 25% APR that's not too bad anyway.
But just as with the $CAKE, only do things you're comfortable with doing. If you want to know how to automaker the faucet you can read my post about that . And if you use the link above to the site, or the link in my other post, I would appreciate it. It means I would get a referral, earning me some extra satoshis as well.
I hope that you at least found this post interesting, if not useful. I always find it interesting to read about what others are doing. With that said, if you have any tips on what to do or how to take advantage of the Crypto Winter, please tell me and anyone else about them in the comment section down below. If you would like to support me and the content I make, please consider following me, reading my other posts, or why not do both instead.
See you on the interwebs!
Picture provided by: Screen grabs by me, https://unsplash.com/
