Do you recommend staking? - page 10.

cabalism13

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Quote from: bitsnbits on May 25, 2021, 09:03:07 AM

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

I'd rather search for another one which has other rewards and high APY, as its too low for that, it is not worth it for holding such for a long term and the return is so tiny, you can actually get that just by day trading lol, if you ask me I'll just trade it. But if you can find some other staking platforms that can offer high yields then you should try them out even just for a month, but that also depends as there are also scam websites out there.

camat gampong

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Quote from: budlo on June 13, 2021, 05:03:03 PM

At least it should not be the main investment vehicle. For diversifying risks in a falling market, this option looks very attractive. The percentages are lower, but at least they are.

Then can it not be done when the market is rising? because what I see when the market is up, almost anything can be done well, in contrast to when the market is down where everything is not suitable to be done.

budlo

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At least it should not be the main investment vehicle. For diversifying risks in a falling market, this option looks very attractive. The percentages are lower, but at least they are.

dexter141

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Stacking is good, but you need to invest a lot of money in it, otherwise you will earn pennies, the more you invest, the more you will earn. In my opinion, it is better to invest in Ico, invested money, the marker went to the exchange, sold, took off X.

budlo

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The safest thing to do is staking stablecoins with or without a pair. But the interest rate will not be high. It is also worth considering in which network the stating will take place and the site itself. The risks of losing everything remain great

Kehindem

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I think it's good, because staking of the means of earning passive income, ftx exchange is also good as regards to staking Ethereum, but my advice use the platform that you can get along with, that everything look simple to you not complex i.e you must understand everything about them.

BintangBuleun

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Quote from: bitsnbits on May 25, 2021, 09:03:07 AM

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

I think you can stake on Binance. There it will be safer than the others. Binance is trusted, and used by many people. If at any time the price of Ethereum increases, you can Unstake, and sell it, without having to wait for confirmation from the platform.

Tigerheart3026

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i holding a few bounty coins, when i see those project staking is launched their own platform and staking in top ranking centralized exchanges where this coin listed, i was staked Ampeay for 90 days good APY, yesterday i connected with a new farming platform with Ispolink coin for next 3 months.

Alert31

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Quote from: leatutz on May 30, 2021, 03:52:16 PM

Quote from: noah tall on May 30, 2021, 02:08:30 PM

I am sorry But I did not Recommend Stacking in My Religoin , Islam , Stacking is like a Sood and i am Not Doing Staking and also not recommendinh to anyone

Not only is Islam against the interest of staking. Other religious people don't agree to believe it. Even ETH 2.0 support staking program over 32 Ethereum. Even from now on, 80k USD isn't a low investment because Binance coin or Bitcoin investment could return you 6 times profit. This is the main reason now that I don't support staking programs. Staking rewards are lower during the bear market.

Staking is better than holding but risk is always there, of course. If you stake your token in some exchanges, it might be hack because you don't owned a private key. If you are devoted in your religious group and you know that staking or trading is against in your religion, I think it will be complicated, unless you will not follow your religious doctrine. You know, religious group sometimes is unreasonable. They think that investing in cryptocurrency is bad or evil deeds. They don't think that as the time goes by, there are new technologies being discovered.

SaShiRaJaVu

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Quote from: TWW on June 06, 2021, 11:18:17 AM

I'm not sure about staking which is considered something that is not allowed in religion. to be honest this seems something racist to me when we talk about religious finances. All banks know how to save money to get certain agreed benefits.

There is no point in mixing finance and religion, if one things that they cannot use banking or any financial services due to religious reason that is weird but still they have the choice to make their decision on what they do with their money.

I am not a huge fan of staking and i am yet to risk my coins giving liquidity to new projects and till now i never thought about staking any coins but if i find any promising project without any risk i might try them in the future.

TWW

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Quote from: speedforce on June 06, 2021, 11:10:30 AM

Quote from: leatutz on May 30, 2021, 03:52:16 PM

Quote from: noah tall on May 30, 2021, 02:08:30 PM

I am sorry But I did not Recommend Stacking in My Religoin , Islam , Stacking is like a Sood and i am Not Doing Staking and also not recommendinh to anyone

Not only is Islam against the interest of staking. Other religious people don't agree to believe it. Even ETH 2.0 support staking program over 32 Ethereum. Even from now on, 80k USD isn't a low investment because Binance coin or Bitcoin investment could return you 6 times profit. This is the main reason now that I don't support staking programs. Staking rewards are lower during the bear market.

Staking isnt forbidden in islam, but becareful theres many kind of staking program in the market, something like staking for PoS purposes (to strengthen the network) its permitted.
The one that i believe forbidden is staking on exchange, because they use it to provide the liquidity (manipulate market) or lend the money to traders (margin) (so the interest come from something not good).

I'm not sure about staking which is considered something that is not allowed in religion. to be honest this seems something racist to me when we talk about religious finances. All banks know how to save money to get certain agreed benefits.
if we look at it from a religious perspective, it could also be that trading in the crypto market is something wrong in the trading principles of religion. because indeed an agreement is made between the seller and the buyer without knowing the person and the actual goods. there is a high possibility that one party will feel disadvantaged.
therefore when talking about digital finance. maybe it would be better not to associate it with religion. this is going to be very complicated.

speedforce

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Quote from: leatutz on May 30, 2021, 03:52:16 PM

Quote from: noah tall on May 30, 2021, 02:08:30 PM

I am sorry But I did not Recommend Stacking in My Religoin , Islam , Stacking is like a Sood and i am Not Doing Staking and also not recommendinh to anyone

Not only is Islam against the interest of staking. Other religious people don't agree to believe it. Even ETH 2.0 support staking program over 32 Ethereum. Even from now on, 80k USD isn't a low investment because Binance coin or Bitcoin investment could return you 6 times profit. This is the main reason now that I don't support staking programs. Staking rewards are lower during the bear market.

Staking isnt forbidden in islam, but becareful theres many kind of staking program in the market, something like staking for PoS purposes (to strengthen the network) its permitted.
The one that i believe forbidden is staking on exchange, because they use it to provide the liquidity (manipulate market) or lend the money to traders (margin) (so the interest come from something not good).

Coin BTC

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it doesn't make sense to be so brave in risking ethereum just like that, even if it's done that's why there must be a profitable sales system, if you make a mistake and don't meet the predetermined conditions it will definitely result in losing coins or tokens

gurunanakji777

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I believe if you have a good no of coins then you will be happy to see your rewards at the end of the day but with less amount staking is not much profitable so it is better to keep it in your wallet. If you want to still stake your coins you must be aware of the total locking period of the coins and the fee charges but I don't trust any platform I trust only on my hardware wallet. I don't take risks it is my personal opinion on the other hand if you planning to hold for the long term then you can consider staking your coins but calculate the risk as well because nothing is Sureshot in this market. Risk is always there.

Gunday_07

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Staking have it's disadvantages too, I'd advice you to stake usdt on binance instead because it's a stable coin, if you go with other altcoins they might lose value while your staking is still on and that my friend won't bring you a very pleasant result

the rise

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Quote from: btcltcdigger on May 26, 2021, 08:16:15 AM

Plenty of risk.
Ideally, you want to stake on your own wallet/pc. If you stake by sending your coin somewhere, there's always a chance you'll lose it, either by manipulation or hack.
This also goes for smart contracts, as history has shown they are not ideal

But I'm sure before we get into a coin we always do research, but I see one drawback of staking eth here, the first is a very expensive transaction fee the second there is a possibility when we staking will get impermanent loss.

Chato1977

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Quote from: bitsnbits on May 25, 2021, 09:03:07 AM

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

Don't you wanna try converting in Ripple XRP and stake in Binance.com? they have great offer for the said coin than Ethereum.

I have been staking mine till now and yeah it's definitely doing great.

Quote from: ?? on ??

Well staking is not a bad option but you should do some research before staking your coins like....where you want to stake your coins...several exchanges offer stakings,....whether there is a locked time things like that...then you can go for it

That's why i recommend Binance instead of that what he is asking.

the rise

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As long as it's a site that has a serious project your investment fund will be safe, but usually staking will also soon experience impermanent loss when what you invest is down. Plus investing in ethereum has expensive transaction fees, I recommend staking SFUND if you are interested you can go directly to tosdis.

BOAEDAN

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Staking is very profitable when the conditions of the exchange place are still good or green but when it collapses like this I think it is terrible if staking will only make you lose, so still be careful when you want to staking you have to look at the situation and condition of the coins at the exchange first.

john1010

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It depends on the coin that you are going to hold for the longer time and stake, because some of the coin that offer stake always ends up devaluated, maybe you can choose a good project that has a good platform for the long run and sustainability. For me, I recommend Pancakeswap.

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