Do you recommend staking? - page 7. | Bitcointalksearch.org

sirminesalot

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Quote from: bitcoguru on July 01, 2021, 05:49:49 AM

I do not recommended personally because there are few risk of staking crypto. Staking has been made possible by the Proof of Stake (PoS) consensus algorithm, which emerged as an alternative to Bitcoin’s energy-intensive Proof of Work (PoW). Here are some risk - Market risk , liquidity risk , lockup periods, reward duration, validation risk, valiyor cost, risk or theft.

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It depends how and where you stake your assets. If you stake your money to binance or ethereum for ethereum 2.0 i'm sure it will be safe and profitable in terms of assets itself because those are high reputation coins and the holder of those platforms are huge numbers of people and wallets. So it will back again how and where you stake your money into

coin-investor

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Quote from: _IRMAN on May 25, 2021, 10:17:55 AM

You can stake ETH at https://ethereum.org/en/eth2/staking/ and become a validator for ETH 2.0 but you need 32 ETH

32 Ethereum to stake are for whales if you have less than 32 Ethereum like I do I recommend staking using a pool

https://ethereum.org/en/eth2/staking/#stake
But when checking the best company to stake be sure to do your diligent research

Quote

Do your own research
None of the listed staking services are official endorsements. Be sure to do some research to figure out which service might be best for you.

These are the list of projects that are offering staking services, pick what suited you and do your own research

https://beaconcha.in/stakingServices

bhadz

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Quote from: ?? on ??

The staking eth that we have is indeed profitable for a period of time. but you should be careful in doing it. Don't risk the eth you have actually cause you to lose your eth..

I don't think that it's profitable. There's a little profit but compare to what we're hoping to be a promising profit, it's far from that. The rewards that will be shared through staking for Ethereum soon once it's already PoS will become lesser.
The more that will stake their Ethereum, the lesser rewards will be distributed to everyone.

carlisle1

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Quote from: tabas on June 30, 2021, 04:12:49 PM

Quote from: ?? on ??

I think staking is very good when you still have capital and of course you apply it for long-term investment, because the results of staking will look longer than trading, do staking in a safe place and don't let you lose access to the assets you use for stake.

And there are exchanges that offers staking and this is being chosen by many investors. It's fine on their end but they don't realize that they're not holding the private keys for those coins that they've put into staking into an exchange.
We've got a lot of options if we want to stake our coins. I get the idea that since we're just holding it, it's also better to put it into staking but make sure you hold private keys but for me, it won't matter and I'll choose to hold.

A need of deeper research to entrust your money to the exchange, for sure many are using
Binance due to it's popularity and if you really going to invest not only your money but also your time,

there are good potential that you'll be able to catch up the right project to stake your money, passive income if you pick the right asset to support.

more on taking focusing with what the project is offering and how the development progress and attract the investors.

Seyifun

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Though before, I don't like staking, but as of now I tested the staking, I think it's good, but what I felt is that one just need to be careful before staking; as to the return of staking and the utility of the project, should be the basis before staking.

bitcoguru

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I do not recommended personally because there are few risk of staking crypto. Staking has been made possible by the Proof of Stake (PoS) consensus algorithm, which emerged as an alternative to Bitcoin’s energy-intensive Proof of Work (PoW). Here are some risk - Market risk , liquidity risk , lockup periods, reward duration, validation risk, valiyor cost, risk or theft.

https://vcashpay.com/

Shasha80

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Quote from: Shasha80 on June 28, 2021, 06:17:40 PM

Quote from: chaser15 on June 28, 2021, 06:08:21 PM

I recommend staking but people have to understand the risks for it. There is also a chance that even staking for long, it won't give a good return.

As much as possible, before throwing money on staking, always do a hard research the same as how we choose our coins to trade.

It's not an easy passive income to be considered so it's a must thing to do to research deeply.

I agree that staking also has the same risk as trading, so good analytical skills are needed, to be able to determine good coins for staking.
Choose the wrong coins, then we will definitely fail and lose money. It is not easy to stake, it requires experience and knowledge.
But if we can do research and analysis well, staking can become passive income that will make our money continue to grow.

Absolutely, it's not easy to pick the right token to invest and stake your money, it requires good understanding and patience with lots of time to spend working with your chosen asset.

The deeper you dig with the project the better you select which coin to use for your staking investment, never to rush with your participation it will only leads you to fail project.

It's sad to know that more and more people are choosing coins for staking based on other people's opinions. Because they don't want to
spend time doing research and analysis to choose coins, this is what ultimately makes us not get the maximum profit or it could even make us
invest in failed projects. It is true that we should not rush to determine coins for staking, it takes patience to choose the right coins.

iged_war

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Quote from: laohe628 on June 30, 2021, 03:34:48 AM

If you're the kind of person who doesn't care about the price of the coins, but only the number of them, then the stake method is perfect for you. But if it's not, then you might want to think about it, because sometimes the value of the currency falls far more than the profit you get from it.

staking reward unworthed if price drop more than this return. And also dont ever fully trust to project that offer high yield staking reward. Just look at Merlin Labs which is offer High APY but unfortunately its cease their operation or exit scam. personally i am prefer staking on stable coins in binance exchanges, its more safe than other coins.

tabas

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Quote from: ?? on ??

I think staking is very good when you still have capital and of course you apply it for long-term investment, because the results of staking will look longer than trading, do staking in a safe place and don't let you lose access to the assets you use for stake.

And there are exchanges that offers staking and this is being chosen by many investors. It's fine on their end but they don't realize that they're not holding the private keys for those coins that they've put into staking into an exchange.
We've got a lot of options if we want to stake our coins. I get the idea that since we're just holding it, it's also better to put it into staking but make sure you hold private keys but for me, it won't matter and I'll choose to hold.

Danslip

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Quote from: breathlessz on June 29, 2021, 09:52:45 AM

Like trading, staking also has risks. but indeed by staking the number of our coins will increase, we will get free coins, or passive income, but there are many cases where the price of the coin actually drops, therefore before we do staking, you should research the project so that the risk can be minimized

It doesn't matter you are making investing, trading and staking have risks, but staking has more risks than both of them, and more than that you can make great money from investing or trading if you spend enough time. However it is something different about staking, it depends on your chance, if you are a really lucky man, you can earn money from staking. Unless you have no experience in trading, better to learn the secrets of trading cryptocurrencies before trying your luck on market. The gambling version of trades is not good idea if you don't know what you are doing.

Silver80

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I haven't tried it but if you have a little more you should play at a tesmi place like https://ethereum.org/en/eth2/staking/

Mahanton

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I think staking is very good when you still have capital and of course you apply it for long-term investment, because the results of staking will look longer than trading, do staking in a safe place and don't let you lose access to the assets you use for stake.

Then where you do stake out your funds? For sure it would really be into those 3rd party platforms which i dont really consider out the risk when it comes to that.You wouldnt know on when they would ran off with their investors funds which had been always the main issue when it comes to this unless those staking would really happen on your own wallet then that would be considerable but when you do leave out those funds into an exchange or some platform then its a big NO for me and i dont see for it to be worth for the risk.So i dont really recommend this stuff and to think about the interest that you would possibly gain in a year time
then it is really that worth? I dont think so,.. Simply holding earning is just much way more better.

laohe628

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If you're the kind of person who doesn't care about the price of the coins, but only the number of them, then the stake method is perfect for you. But if it's not, then you might want to think about it, because sometimes the value of the currency falls far more than the profit you get from it.

finaleshot2016

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If you have a lot of ETH, I recommend staking since it will be simpler for you to get passive income each month because you have so much, and it will be beneficial while you wait for the market to rebound. But keep in mind that staking comes with a risk; it necessitates timing in terms of where you will stake your money because you cannot TP out your staked assets, especially during a market fall. So, if you have a lot of assets, go staking; if you only have a few, consider spot trading or investing more to make it more rewarding.

aditasetia123

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Quote from: breathlessz on June 29, 2021, 09:52:45 AM

Like trading, staking also has risks. but indeed by staking the number of our coins will increase, we will get free coins, or passive income, but there are many cases where the price of the coin actually drops, therefore before we do staking, you should research the project so that the risk can be minimized

staking will have risk if our coin price drop alot , and its return for staking could not cover price volatility. APY return depend on developers team , and good project only give less than 10% a year. Staking suitable for long term purpose which is price volatility will ignored , usually long term investors will use this strategy.

breathlessz

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Like trading, staking also has risks. but indeed by staking the number of our coins will increase, we will get free coins, or passive income, but there are many cases where the price of the coin actually drops, therefore before we do staking, you should research the project so that the risk can be minimized

unusualfacts30

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Staking is a great way to earn passive income while hodling your tokens for long term. Use hardware wallet instead of exchange to get maximum security. I definitely recommend staking that comes with benefits of big rewards for stakers. It's not so simple, there are so many tokens that offers great rewards but some of them lose value even when you are staking. That's not really beneficial.

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Quote from: gurunanakji777 on June 29, 2021, 07:28:24 AM

I usually don't take the risk to stake my coins on any website or exchange whether it's genuine or not because I only trust my hardware wallet to secure my coins So I always control myself no to do staking because If the website scam us we will lose all Ethereum so I don't take the risk for a small amount of interest even its not much profitable for a small investor. If you have 40-50 eth to stake then you can earn good interest but the risk is always there if any mishappening there so due diligence before taking any decision.

from what you say I can see you are a holder. You don't like staking or trading because you prefer to keep your assets in your personal wallet. it is safer and without risk. but that's not what the OP meant.
the research will definitely be done for every action that is risking our money. such as staking itself, many people have done it and benefited from the investment made rather than just holding it in the wallet.
the problem is only in our trust in the staking system and site on a single platform.

I am staking CAKE and NMX myself. I will remain calm because what I use is the money from the campaign. it's not huge but I believe both platforms and their assets will not disappear in the market. Pancakes and nominex have developed quite well in the crypto market. no doubt for me.

gurunanakji777

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I usually don't take the risk to stake my coins on any website or exchange whether it's genuine or not because I only trust my hardware wallet to secure my coins So I always control myself no to do staking because If the website scam us we will lose all Ethereum so I don't take the risk for a small amount of interest even its not much profitable for a small investor. If you have 40-50 eth to stake then you can earn good interest but the risk is always there if any mishappening there so due diligence before taking any decision.

Xampeuu

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Quote from: Shasha80 on June 28, 2021, 06:17:40 PM

Quote from: chaser15 on June 28, 2021, 06:08:21 PM

I recommend staking but people have to understand the risks for it. There is also a chance that even staking for long, it won't give a good return.

As much as possible, before throwing money on staking, always do a hard research the same as how we choose our coins to trade.

It's not an easy passive income to be considered so it's a must thing to do to research deeply.

I agree that staking also has the same risk as trading, so good analytical skills are needed, to be able to determine good coins for staking.
Choose the wrong coins, then we will definitely fail and lose money. It is not easy to stake, it requires experience and knowledge.
But if we can do research and analysis well, staking can become passive income that will make our money continue to grow.

in essence we do have to understand the risk, so that we are consciously staking. If we are lucky, staking has several advantages, but if we are not lucky then we have to bear the risk, especially for a certain time, the term is frozen assets, and we can see if high fluctuations occur.

Topic: Do you recommend staking? - page 7. (Read 6492 times)