Topic: Do you recommend staking? - page 8. (Read 6473 times)

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.

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.

Although the value of the token will keep going down, staking still and holding these tokens will give profit when the bear market ends. I still could recommend staking particularly to the investors with plans in holding for a very long time. If you compare staking to saving USD in the bank, staking is way beneficial for long-term investors.


DIVI isn't a project that has solid plans, it's not even a top project. I doubt it will gain more holders.

if we are long term investors and trapped in bearish trend , maybe staking could be our choice. we will gain yearly yield from staking pool and also we will not panic if looking assets value. for conservative investors staking could be their choice to avoid losing money in trade.

everything is the same but for staking I think it will take more time than trading even though trading also sometimes takes time if you want to get bigger profits, but if you look at the rough picture, trading is more promising than staking because here we are free to do what we want. I want to trade and I also think it's simpler.
but regardless of which one is better both are very worth doing if you want to get a lot of profit

There are many opportunities and features in the crypto space in recent times now, and staking is one of them, actually it is becoming the next big thing nowadays as many coins now have staking capabilities, and you can actually stake a certain coin to earn another, so I would say from what has been obtainable for a long time now, Yes, staking is recommended.
Also, it would be very important to add that, although staking is recommended (maybe from my own angle), not all platforms are recommended for staking. That is, since it's about staking your coins, then that staking platform needs to be verified and genuine so that there won't be exit scam or security issues which will lead to loss of funds.
With this said, I don't know enough about the platform you want to stake your ETH, but make more findings to know how secure and genuine it is, then you can stake. Also, be careful of any platform that offers very high APR, sometimes they can be scams.

Staking is actually very good but it takes patience for it and if you start here you must be prepared to hold coins for a long period of time, because in staking you have to be strong in holding and it takes quite a lot of time for you to profit. but this is better than nothing.
but if you want something else I think if you are good at trading why should you do staking because I think trading is better but if you are not good at trading then staking can be an option

Yes, I recommend staking. Staking crypto has emerged as an extremely in style thanks to earning investment financial gain within the crypto-asset markets. However, like all kinds of finance, staking doesn't return while not its risks. crypto staking sometimes involves the user is rewarded with stakes for approving valid transactions. On the flip facet, just in case users nemine contradicente vote to approve extrajudicial transactions, users can lose a part of all of their stakes. cryptocurrency staking refers to “locking up” a digital quality to act as a validator in a very suburbanized crypto network to confirm the network's integrity, security, and continuity. As AN incentive for serving to secure the network, stakers (validators) are rewarded with recently minted cryptocurrency.
 
Unlike alternative modes of crypto investments that need constant activity to come up with a financial gain, staking doesn’t need users to vote to approve transactions. this can be as a result of most transactions on staking platforms ar approved mechanically. However, staking rules vary from one platform to a different one. The rewards are then shared among the pool members to support their contributions. Proof of stake is mostly a state of affairs wherever a crypto network achieves distributed agreement. The process is believed to be effective in strengthening a blockchain network, therefore, rewards from the network. Therefore, the additional you purchase and hold coins on the network, the additional you earn.

It's time you are trying out staking. Besides earning passive financial gain, staking helps you build a property supply of financial gain. All you wish to try to do is purchase crypto and hold it in your case. The longer you hold, the additional you receive rewards. This way, you not solely secure your crypto however additionally avoid risks related to fulminant value shifts. to realize the most effective out of staking, it's necessary to seek out out coins with the very best rewards. a bit like any typical commerce platform, the worth of crypto varies from one coin to a different. Choosing the foremost profitable is right in generating additional financial gain from your holding. Crypto staking helps you earn passive financial gain through staking on numerous coins. Therefore, it's necessary to see the foremost profitable coins before you choose to stake on any of them. For more about staking https://vcashpay.com/

 

we have to look staking return and how the tokenomic will work. so dont focus on yearly yield only , but research is there any token utility that will make token price rise. most of project only rely on APY rate to attract traders stake their token and forget about another factors. personally i will look about the tokenomic and if its good maybe i will stake my token.

Staking is suitable for long-term investment, in addition to investing, we will also get the free coins, so the number of our coins will always increase. this is very profitable if when our time is finished, and the coins increase, at that time the price soars, so we will get double profit from staking itself, and increase the price

if we hold good coins in market and price could maintain due developers developtment, i my opinion staking could be good decision for us. we will have two benefit when staking good projects, first from yearly return and second for staking periode price could rise due demand on staking pool. but mostly it work in good project

But maybe for some people deliberately trading with a certain period of time, because I once saw someone in front of the computer for 5 hours to trade, and either it was just a coincidence or indeed his prediction was very good so he made a pretty big profit.

You need to realized that it isn't the quick way to earned but it's a good passive way in the long run,
if you have good spare amount of money and you are willing to hold it for much longer time,

Instead of keeping it with stable coin or keep it from your wallet, learning how staking works will give you good idea if you are capable of holding,

it needs you to work it out in finding the right coins to stake and earned.

In my own assessment, staking nowadays I think is a good opportunity to apply now. Especially, now Staking or farming was very trending under BSC platform. And one of these are BSW, CAKE, and more. So far these two are good to me and has a potentials to increase more
in the future as well.

That's it, I do recommend staking as another way to make a profit without doing anything, it was just similar to holding. And since we are relying on a third party, the risk is high that is why choosing reputable exchanges is very important otherwise, we fully lost control of our funds.

I only use Binance for this (I'd never try Okex and other exchanges), well, the result is not really overwhelming especially when you just stake small amounts but if you stake big amounts, you will certainly think that this is enough.

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Only the same rule in investing...Just stake the amount that you can afford to lose. The situation is so volatile, so you can't expect that your money will grow fast.

yeah, i do recommend staking but make sure you stake in the right place. there are top exchanges that has staking campaigns on going. binance, okex and tope tier exchanges are conducting different aspect of staking. i suggest you stick with them. do not use sharedstake or any staking platform. they might disappear with your funds. there has been recent rugpulls and loss stories surrounding some platforms that offers staking services.

It is what I've said and explained that even if the APY is very interesting and quite high for you to consider. It's easier to keep your Ethereum on your own.
Than to let the exchanges hold it for you with that little return they give.

Yes, but the staking program also has certain restrictions on what to buy, so not everyone can get it, because the late ones won't be able to join the program, so it's not just about solutions for passive income but also for who is faster in this regard.

don't put all your trust in those centralized projects like that blockfi. it's not worth losing your coins than earning a few percentages a year. this is almost like storing your ETH to an exchange when you do that, no different to staking offering by the exchanges.

i think going for the projects that are intended for staking is your best option instead like DOT and ADA being the ranked tokens.

You need to look on the APR/APY of the stake the site has offered, plus the fact that when you begin to stake you need to lock up your eth in several days and during that day you can never use or withdraw your token while in the stake process, there are site that there is no lockup period anyday you can withdraw your coin, but always remember that there's always a risk in doing staking, because you can lend your coin onto them, make sure the site you are using is legit.