Proof of stake coins. I ve made a lot of money with staking, equality profitable as mining, much safer and much simpler.
How have you achieved this? Have any post explaining it a bit more?
Thanks
I dont think that applies for bitcoin. He is talking about altcoins where you can hold on to the coins and the algorithm is POS(Proof of Stake) which sort of generates interest on the amount you are holding and grows it slowly.
Thanks I know about of staking, and have tried it in the past ... but could not see much return of it (you need to have lots of coins, wait a lot of days, and meanwhile many coins lose value). I know it is kinda offtopic, but wanted to know his strategy (coins used, when does he trade them etc.).
Well, if you ask me whether you can invest 0.1 BTC and make 100 BTC out of it, NO, you cannot. I m simply saying staking s growing in popularity and most of good stake coins provide 50% and higher interest rates per year. Where else can you get that? Mining and trading are big time risk and I highly doubt they can bring you that kind of return unless you are a pro trader. Before somebody askes the inflation question, yes, I am well aware of it and I only invest into coins with great inflation control mechanisms. I personally like DMD Diamond, a few weeks ago, a very old investor who purchased his DMD Diamond coins 2 years ago decided to cash out. He sold over 100 BTC worth of his coins, most of which he received from staking. 100 BTC worth of DMD sold in 2-3 days!! So don't tell me it s not possible to make money on PoS. If u don't believe me, go have a look DMD Diamond trading data over the last 3 weeks.
Simply buying and holding is not an option for me. Cause if we all buy and hold, how s BTC and crypto going to grow?
