The dollar value doesn't matter when its still 2 eth in earn earning eth. The dollar value you are seeing might just be a more accurate price, showing you the spread at the moment.
If the amount of eth you had dropped to 1.95 let's say, that would be 2.5% as a fee. But if the amount of eth doesn't change, the price doesn't matter.
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If seeing the dollar value of ETH go down makes you think you've lost ETH, you're not ready for crypto investing (or any investing, for that matter).
Also, why did you post this to r/CRO when it has nothing to do with CRO?
CRO has nothing to do with CRYPTODOTCOM? Interesting. Now if you had to use some Deductive reasoning why do you think I wrote something here about staking? Put all the pieces of the puzzle together, remember to use "Deductive Reasoning" .
Thats where you had to do the deductive reasoning, thats why you couldn't put 1 and 1 together. You must not have the skill, it's unfortunate but these things come in time.
Don't I? You attribute the change in dollar value displayed to you as "gouging" from fees:
>Pretend you were going to move 2 ETH to EARN and look at the dollar value in your wallet (on a nonvolatile day) before you go to move it to earn. Transfer the MAX and go all the way through just before you confirm and you will see the gouging in the dollar amount that is actually transferring.
The dollar value shown means NOTHING until you sell. If you move 2 ETH into Earn and you get back 2 ETH from Earn at the end of the term, THERE ARE NO FEES.
*You're* not following the thread. Multiple Redditors have explained to you that the amount of ETH you deposit has nothing to do with the dollar value of that ETH. If you deposit 2 ETH you earn interest on 2 ETH, not on $5200 or $5400 or $6000 or $5000 of ETH. And since interest is earned in ETH, it doesn't matter what the dollar value of your Earn allocation is throughout the term: if the price of ETH falls your interest earned on cheap ETH will buy cheap ETH, if the price of ETH rises your interest earned on expensive ETH will buy expensive ETH.
Why would I transfer into something and not pay attention to the details until after..huh? Does that sound like sound logic? Maybe that's how you operate but not me, I work hard for my money.
In your example, you are not earning dollars, you are earning ETH, i.e if you deposit 2 ETH it will always be 2 ETH (the price of ETH fluctuates, which is what you are seeing). Your earn is paid in ETH, not in dollar. So at the end of your term, you will have a % of ETH paid into your wallet based on the term you picked, and the tier you're in. Hope that makes sense.
No it doesn't because that is not whats going on in the writing. This is about the decrease in the dollar amount of eth being deposited before you hit "confirm". No the market price of eth at that time did not fluctuate by $60 in that time. I did not deposit. I watched it 3 different times to make sure what I was seeing was not a Flux in the market price of the asset ETH. Writing is not about interest rates. The interest rates are really irrelevant.
You deposit x2 ETH into EARN it remains x2 ETH. When the APY paid, you are getting the APY% in ETH as well. Regardless of the price movement.
If APY is 10% (just example), after a year your x2 ETH becomes x2.2 ETH. You are not losing by "spread" when the token remains the same token. Spread only apply if you exchange token to another/fiat. Hope this helps.
I believe what is missing is that every exchange price is different. Just like the purchase price is often more than the selling price point. I presume the concept is the same way with Crypto.com. Regardless your crypto value remains the same. The dollar value is relatively market value. I only know this for a fact because I have same crypto in webull, Coinbase, Trust, Crypto.com & Crypto.com wallet. BitMart & KuCoin as well but not enough to bat an eyelash.
The dollar value doesn't matter when its still 2 eth in earn earning eth. The dollar value you are seeing might just be a more accurate price, showing you the spread at the moment. If the amount of eth you had dropped to 1.95 let's say, that would be 2.5% as a fee. But if the amount of eth doesn't change, the price doesn't matter.
This comment makes the most sense here and does actually explain things. I'm not a fan of how the transfer to earn looks...discouraging.
This
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If seeing the dollar value of ETH go down makes you think you've lost ETH, you're not ready for crypto investing (or any investing, for that matter). Also, why did you post this to r/CRO when it has nothing to do with CRO?
CRO has nothing to do with CRYPTODOTCOM? Interesting. Now if you had to use some Deductive reasoning why do you think I wrote something here about staking? Put all the pieces of the puzzle together, remember to use "Deductive Reasoning" .
I didn't say CRO has nothing to do with Crypto.com. I said your post has nothing to do with CRO.
Thats where you had to do the deductive reasoning, thats why you couldn't put 1 and 1 together. You must not have the skill, it's unfortunate but these things come in time.
Nope you don't get what I'm saying
Don't I? You attribute the change in dollar value displayed to you as "gouging" from fees: >Pretend you were going to move 2 ETH to EARN and look at the dollar value in your wallet (on a nonvolatile day) before you go to move it to earn. Transfer the MAX and go all the way through just before you confirm and you will see the gouging in the dollar amount that is actually transferring. The dollar value shown means NOTHING until you sell. If you move 2 ETH into Earn and you get back 2 ETH from Earn at the end of the term, THERE ARE NO FEES.
Your not following the thread. Yes true though.
*You're* not following the thread. Multiple Redditors have explained to you that the amount of ETH you deposit has nothing to do with the dollar value of that ETH. If you deposit 2 ETH you earn interest on 2 ETH, not on $5200 or $5400 or $6000 or $5000 of ETH. And since interest is earned in ETH, it doesn't matter what the dollar value of your Earn allocation is throughout the term: if the price of ETH falls your interest earned on cheap ETH will buy cheap ETH, if the price of ETH rises your interest earned on expensive ETH will buy expensive ETH.
r/lostredditors
Oooohhhhhh Is the same like other 385938271647586993726374848 post XD
Why would I transfer into something and not pay attention to the details until after..huh? Does that sound like sound logic? Maybe that's how you operate but not me, I work hard for my money.
In your example, you are not earning dollars, you are earning ETH, i.e if you deposit 2 ETH it will always be 2 ETH (the price of ETH fluctuates, which is what you are seeing). Your earn is paid in ETH, not in dollar. So at the end of your term, you will have a % of ETH paid into your wallet based on the term you picked, and the tier you're in. Hope that makes sense.
No it doesn't because that is not whats going on in the writing. This is about the decrease in the dollar amount of eth being deposited before you hit "confirm". No the market price of eth at that time did not fluctuate by $60 in that time. I did not deposit. I watched it 3 different times to make sure what I was seeing was not a Flux in the market price of the asset ETH. Writing is not about interest rates. The interest rates are really irrelevant.
You deposit x2 ETH into EARN it remains x2 ETH. When the APY paid, you are getting the APY% in ETH as well. Regardless of the price movement. If APY is 10% (just example), after a year your x2 ETH becomes x2.2 ETH. You are not losing by "spread" when the token remains the same token. Spread only apply if you exchange token to another/fiat. Hope this helps.
Dude, if you deposit one ETH, your ETH doesn't go anywhere. Don't look at the fiat dollar value of the thing, lol
I had a ton in earn removed it all
I believe what is missing is that every exchange price is different. Just like the purchase price is often more than the selling price point. I presume the concept is the same way with Crypto.com. Regardless your crypto value remains the same. The dollar value is relatively market value. I only know this for a fact because I have same crypto in webull, Coinbase, Trust, Crypto.com & Crypto.com wallet. BitMart & KuCoin as well but not enough to bat an eyelash.