I recommend swapping 10-25% of all of your airdrops into UST. A good example of this is the FOT airdrop. The price of FOT crashed in just two weeks. You are going to be claiming all of these airdrops on your taxes, so you might as well preserve some of the price as UST.
@WesSpencer
2 жыл бұрын
That's solid advice.
@nzoferrari
2 жыл бұрын
This comment hadn’t aged well…
@cathymacdaddie
2 жыл бұрын
not good advice!
@Piccolo2r
2 жыл бұрын
@@cathymacdaddie seeing how all airdrops are basically worthless right now, no one has good advice but to stop buying crypto and stocks
@anthonypaul1562
2 жыл бұрын
This video was so helpful! I just claimed my raw airdrop, thanks to Wes. Keep up the hard work and great videos. Especially the cosmos projects.
@wendychavez5348
2 жыл бұрын
The entire market has been suffering, though it seems to be starting to recover slowly. This was recorded the day after my birthday, so there's that! I'm watching on 31 May. I love how your videos, while the details of the current market might change, are applicable to various situations, making them timeless. Thanks for all the work you do, Wes!
@AdamPFarnsworth
2 жыл бұрын
Keeping up with Cosmos airdrops is like a second job! But, it's very fun and rewarding ;) Also, similar to what Ryan Childers said in another comment, I took recommend taking some of the free money and converting it to something stable, or at least established. On the other hand, I try and support the new network and stake a good portion of my airdrop as well!
@AdamPFarnsworth
2 жыл бұрын
If you're new to staking in Cosmos (ATOM) or other IBC chains (like JUNO), I have heard a general rule of thumb that after staking, you'll start being eligible for some airdrops after about 3 months. The reason being that snapshots are not taken often, and you need to be staking (or LPing) during the snapshot. Every project chooses which snapshot to use, or when to take their own snapshot, so it's always different, but generally 3 months is enough lead-time to start being included in snapshots.
@rereman3352
2 жыл бұрын
Another awesome video my friend. Thanks for the info!!
@samueldavies545
2 жыл бұрын
I just started crypto. Please any idea on how can I make a profitable investment in crypto without incurring too much loss?
@piebloc
2 жыл бұрын
invest right now while market value is low. almost any crypto asset that you invest in right now after some good research will be safe.
@pauloeyi
2 жыл бұрын
You are doing a good job
@mktochhawng
2 жыл бұрын
What do you think of Bitgert, BRISE?
@relentlesscrypto2929
2 жыл бұрын
Thanks
@WesSpencer
2 жыл бұрын
You bet!
@rainvine1866
2 жыл бұрын
Hello Wes, I'm from Nigeria..... and a subscriber of your channel. I really love the great job you are doing on the KZitem. Please, I have a question.....is there any free mining crypto you might wish to introduce me to.... I'll really appreciate it Thanks
@rereman3352
2 жыл бұрын
"Free mining" does not exist.
@rainvine1866
2 жыл бұрын
Okay....so what do you call Pi Network pioneers at the moment? Free miners? Or what?
@rereman3352
2 жыл бұрын
@@rainvine1866 pi network is not mining. It is a faucet.
@WesSpencer
2 жыл бұрын
The main additional ones I’ve seen are Hi, and Bee Network. I’m not involved in either so no clue if they are good projects.
@rainvine1866
2 жыл бұрын
@@WesSpencer really, you are a great teacher..... and as a writer, a public speaker and a preacher, each time I listened to your teaching, it leaves me grilling from ear to ear... just like hearing you over and over again.... I'm in bee and with what I have seen so far, I think it is worth trying.... Thanks a bunch. I appreciate
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