Do You Think Staking is the Perfect Passive Income Strategy in a Bull Market?

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there are tokens like ADA where you can store them inside your self-custody wallet and at the same time staking. but i think you can max out only if you have invested in such a token from the very beginning where the coins are still less than 10 cents. you probably won't be tempted to dump them even in the bear market because you still can make money out of staking.

if an investor can make money out of it enough that he can live with just the passive income from staking, he surely has made the right choice from the beginning. let's say he has millions of ADA and can make $1000 a week as per epoch, then definitely a great investment.

I learnt something new today. I have never explored Cardano so I didn't know that details about their staking initiative. The unstaking delay that is associated with proof of stake networks is usually undesirable. I remember one-time: I own a token — let's say X and the price was falling rapidly due to a high impact negative news. So I tried to unstake and sell immediately. The bottom line was that I was only able to access the tokens after 48hours due to the unstaking delay and at that time, the price had already plummeted.

The same thing happened to everyone who staked UST on Anchor protocol during the UST depeg and Luna inevitable crash. Fascinating stuff, ADA's staking!

and by the time withdrawal completed we'd lose half of our money, thats why sometime staking might be waste of time if it involves locking, imagine staking for period of 2 years and the price of coin went shit, that'd be massive waste of time and money certainy i'd be really pissed by that, the thing with staking is that the only staking that have high APY are those new tokens and shitcoin, and we all know how these tokens and coins gonna be in the future, reaching peak and then hitting all time low and never gets back up.
I think in bearish its wiser to just settle with holding not staking, unless in bearish where we just gonna wait anyway, but in bullish and decide to stake at this exact time doesn't really seem like a good decision.

you don't need to unstake ADA. you can send the tokens right away and their system will figure itself how much you have unstake. but holding in the bear market is not profitable. you would rather be selling than unstaking tokens. selling and turning your tokens into USD will be the most advisable path to take in the bull market.

and you can just wait til prices are stable after a year. waiting for the cycle to happen again buy again and stake. therefore staking only when the price are getting stable.

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Quote from: icalical on November 15, 2023, 07:50:12 AM

In time of bullish, and for a fully passive income, then I think staking is the best way to do it compared to just investing without staking, but in general if the market is bullish and we want to get the most profit we can get, then day trading is the answer, even we not really into trading and only has few simple strategy, but of course high profit has high risk.

There are different ways we can earn profits from this bull that is loading gradually. One of the ways we can earn profits is by staking. Staking is just a way we can accumulate the some tokens as we decide to stake our tokens since it's not in use. Although the APY maybe very small depending on the token and the amount or worth of the token we want to stake. Although for now, staking might not give us good money unless we are holding and ready to stake up to $100k worth of any token we want to stake or more. This is the way we can earn from staking but it is always advisable to stable in a good exchange or sure where our funds are secured.

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Quote from: dbshck on November 11, 2023, 10:41:58 AM

Same case here. Staking Solana in the past months has been not just hitting two birds for me, but more because of the potential airdrop from several projects. I mainly stake it on Jito, then deposit those JitoSOL into margin.fi. Both protocols (Jito and Margin) have points system which likely is meant for their upcoming airdrop. So with that strategy I got:

7% SOL yield
Rising SOL price
Jito points
Margin.fi points

That's four birds with one stone.

I should've seen this message earlier.

Staking is not always positive because some coins are not making the expected boom. If you are in the right coin you will make profit. There are coins that I've been staking for years but I still cannot make a serious profit. Especially most of the staking coins on Coinlist have been disappointing.

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Quote from: Yogee on November 15, 2023, 06:56:57 AM

If we're strictly speaking of passive income then yes it's probably the best strategy during a bullrun. I would not recommend doing this for that entire period though since those staked assets will soon lose a lot of value if left too long in liquidity pools. It's better to unstake during bullrun's final phase and sell all for fiat or stable coin. Leave the market and buyback one or two years after.

The market doesn't go as plan most times, that's were the need for backup steps in and we become more aware of the prime and dangers of our decisions concerning the projects we choose. Spot good entries and leave the market, then focus on the main projects that would generates profits in the next 2-3 years. Everyone have aims and we ought to smile whenever we're dealing with the system. Staking our coins could become one of the easiest techniques to implement when it comes noting good spots for our profits, remember not all techniques become associatable in the system.

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In time of bullish, and for a fully passive income, then I think staking is the best way to do it compared to just investing without staking, but in general if the market is bullish and we want to get the most profit we can get, then day trading is the answer, even we not really into trading and only has few simple strategy, but of course high profit has high risk.

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If we're strictly speaking of passive income then yes it's probably the best strategy during a bullrun. I would not recommend doing this for that entire period though since those staked assets will soon lose a lot of value if left too long in liquidity pools. It's better to unstake during bullrun's final phase and sell all for fiat or stable coin. Leave the market and buyback one or two years after.

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Quote from: R1dwanRz on November 11, 2023, 10:10:51 AM

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I guess the only nuance you should consider is if the coin actually has the potential to grow. I mean, staking it plus letting the coin price grow steadily seems like two positive factors already, I imagine there might be other positives you can get as well depending on what project it actually is. I wouldn't recommend starting during a bull run though since staking is something you'd generally do for the long run. I imagine you'd be put on the negative or barely equal once the coin stabilizes away from any ATH it reaches during the bull run.

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Staking is not really a good idea for ROI, the only reason I recommend staking in better chains like Cosmos is for future airdrops. Any coin I staked now must be unstaked during bull run.

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Quote from: Natalim on November 14, 2023, 04:50:33 PM

Quote from: R1dwanRz on November 11, 2023, 10:10:51 AM

For me, staking during a bull run has been akin to hitting two birds with one stone as enjoying the rewards from staking and potentially benefiting from the rising value of the staked assets. This dual advantage has made it a successful strategy in my experience. More than just a means to earn, staking has also been a way for me to engage with and contribute to the growth and innovation of blockchain technology.

It gives you more if you are staking good coins but if you are staking shitcoins, you only get nothing and lose your money.
Staking is risky and we should have to know that first because at the time we put our money into a particular platform for staking, we are also losing control of it which means that if they take it or the exchange platform turns into a scam, you can never take it back.

You can say it is hitting 2 birds is one stone but sometimes you may hit it as well - your money and your time.

This is were a some input is required by the staker else such an investor would stake on the wrong coin and ended up losing hard earned money, some research would save an investor from staking on a or some shitcoins, some of those coins has low volatility in their price movement while some are overpriced these are some of the factors to be considered when staking, unfortunately many investors are after massive profits while staking blindly on any coin hoping to earned quick profits, personally I would prefer one or two coins for staking after a thorough analysis and research on them and having satisfied with their Price Action and Past price behavior, I would stake them.

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Quote from: nelson4lov on November 14, 2023, 05:34:54 PM

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there are tokens like ADA where you can store them inside your self-custody wallet and at the same time staking. but i think you can max out only if you have invested in such a token from the very beginning where the coins are still less than 10 cents. you probably won't be tempted to dump them even in the bear market because you still can make money out of staking.

if an investor can make money out of it enough that he can live with just the passive income from staking, he surely has made the right choice from the beginning. let's say he has millions of ADA and can make $1000 a week as per epoch, then definitely a great investment.

I learnt something new today. I have never explored Cardano so I didn't know that details about their staking initiative. The unstaking delay that is associated with proof of stake networks is usually undesirable. I remember one-time: I own a token — let's say X and the price was falling rapidly due to a high impact negative news. So I tried to unstake and sell immediately. The bottom line was that I was only able to access the tokens after 48hours due to the unstaking delay and at that time, the price had already plummeted.

The same thing happened to everyone who staked UST on Anchor protocol during the UST depeg and Luna inevitable crash. Fascinating stuff, ADA's staking!

and by the time withdrawal completed we'd lose half of our money, thats why sometime staking might be waste of time if it involves locking, imagine staking for period of 2 years and the price of coin went shit, that'd be massive waste of time and money certainy i'd be really pissed by that, the thing with staking is that the only staking that have high APY are those new tokens and shitcoin, and we all know how these tokens and coins gonna be in the future, reaching peak and then hitting all time low and never gets back up.
I think in bearish its wiser to just settle with holding not staking, unless in bearish where we just gonna wait anyway, but in bullish and decide to stake at this exact time doesn't really seem like a good decision.

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Quote from: electronicash on November 14, 2023, 03:01:20 PM

Quote from: nelson4lov on November 12, 2023, 03:15:00 PM

Quote from: GeorgeJohn on November 12, 2023, 11:10:40 AM

~Snipped

~Snipped .

there are tokens like ADA where you can store them inside your self-custody wallet and at the same time staking. but i think you can max out only if you have invested in such a token from the very beginning where the coins are still less than 10 cents. you probably won't be tempted to dump them even in the bear market because you still can make money out of staking.

if an investor can make money out of it enough that he can live with just the passive income from staking, he surely has made the right choice from the beginning. let's say he has millions of ADA and can make $1000 a week as per epoch, then definitely a great investment.

I learnt something new today. I have never explored Cardano so I didn't know that details about their staking initiative. The unstaking delay that is associated with proof of stake networks is usually undesirable. I remember one-time: I own a token — let's say X and the price was falling rapidly due to a high impact negative news. So I tried to unstake and sell immediately. The bottom line was that I was only able to access the tokens after 48hours due to the unstaking delay and at that time, the price had already plummeted.

The same thing happened to everyone who staked UST on Anchor protocol during the UST depeg and Luna inevitable crash. Fascinating stuff, ADA's staking!

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Quote from: R1dwanRz on November 11, 2023, 10:10:51 AM

For me, staking during a bull run has been akin to hitting two birds with one stone as enjoying the rewards from staking and potentially benefiting from the rising value of the staked assets. This dual advantage has made it a successful strategy in my experience. More than just a means to earn, staking has also been a way for me to engage with and contribute to the growth and innovation of blockchain technology.

It gives you more if you are staking good coins but if you are staking shitcoins, you only get nothing and lose your money.
Staking is risky and we should have to know that first because at the time we put our money into a particular platform for staking, we are also losing control of it which means that if they take it or the exchange platform turns into a scam, you can never take it back.

You can say it is hitting 2 birds is one stone but sometimes you may hit it as well - your money and your time.

electronicash

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Quote from: nelson4lov on November 12, 2023, 03:15:00 PM

Quote from: GeorgeJohn on November 12, 2023, 11:10:40 AM

Instead of you to stake while can't you buy and hold of bitcoin and later you sell when the price of bitcoin or any of the altcoins you purchased go higher, even though you buy any other coins and hold when theirs a bullrun it will also affect the coin you bought in your wallet, so we don't need to stake but everything is depend on your decision and understanding concerning cryptocurrency investment.

Actually to make a profit cryptocurrency investment you have to be calculative to know when the bull is about to manifest and when the bearish is about to manifest, so therefore theirs something we have to understand and their is something we have to practice to know when to hold a cryptocurrency and when not to buy and hold, because its not every time you can buy and expected to make a profit.

If it's altcoins, I'd say staking can increase the potential of more profits but this is only recommended for a user that wants to max out their potential earnings. Otherwise, it's best to just self-custody the tokens. For Bitcoin, there's no staking activity so I think OP was talking about altcoins specifically. If the next bull run plays out like the ones before it, staking would be the best route for anyone looking to max out gains in that you earn staking rewards while enjoying price gains on capital and staking rewards tokens as well.

there are tokens like ADA where you can store them inside your self-custody wallet and at the same time staking. but i think you can max out only if you have invested in such a token from the very beginning where the coins are still less than 10 cents. you probably won't be tempted to dump them even in the bear market because you still can make money out of staking.

if an investor can make money out of it enough that he can live with just the passive income from staking, he surely has made the right choice from the beginning. let's say he has millions of ADA and can make $1000 a week as per epoch, then definitely a great investment.

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Quote from: Bitstar_coin on November 14, 2023, 07:59:24 AM

Depends on the period, staking during the bear season awaiting the bull period can be very profitable especially if the project in question has yet to be listed in any exchange. On the other hand, locking your coins up pre- bull run is a big mistake, you will literally watch the rise and fall of your portfolio and not being able to sell if the staking period has not ended and you are not able to unstake. I think this among other reason are while most people prefer to hold their coins in their personal wallet to be able to sell when the market is at its peak.

That is what I actually did, for the last 2 years I have been staking during the bear period, and I have doubled my coin amount in many tokens as well, hoping that if the price goes up, that would also make it even more profitable as well.

Imagine getting 100 dollars worth of tokens at 1 dollar per token, you have 100 tokens, then the number of tokens doubles for staking, make it 200 tokens, but the price drops of course, then when the price goes over 1 dollar, make it 2 dollars, that is 400 dollars that you have, you invested just 100 dollars, and the price only doubled but you quadrupled your money because of staking. That is why I like doing this, it is a good idea and should be supported during the bear period for sure.

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Quote from: R1dwanRz on November 11, 2023, 10:10:51 AM

So I believe staking stands out as a smart strategy for passive income in this bull market, especially since it allows you to leverage your staked tokens effectively. But, does this make it the perfect passive income for you?

For me, staking during a bull run has been akin to hitting two birds with one stone as enjoying the rewards from staking and potentially benefiting from the rising value of the staked assets. This dual advantage has made it a successful strategy in my experience. More than just a means to earn, staking has also been a way for me to engage with and contribute to the growth and innovation of blockchain technology.

So what do you think guys? Is staking the perfect passive income strategy for the bull market,

Not just during the bull run but also during the bear market. You can look at that moment when we're in the bear and it's like more accumulation due to staking.

Quote from: R1dwanRz on November 11, 2023, 10:10:51 AM

or are there nuances we should consider?

What I just don't like on it if you're going to do it with exchanges. You will not be allowed to have control over your funds and mostly if you take the locked period of it which you have no option but to wait for the period you agree they will lock it.

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Quote from: Webetcoins on November 14, 2023, 04:15:05 AM

Wouldn't one be able to get better returns if they simply held their coins in their wallets instead of staking them and buying and selling for small intervals? Because staking will barely give you a 5% to 10% APY or APR and that can be earned in a few hours during a bull run, I believe it's better to simply keep your assets with you and make trades instead of locking them up in a staking contract that might not allow you to use your coins for selling when you might want to.

This is the first time I've heard that staking can be used as a way to earn guaranteed passive during the bull run while people usually prefer buying low and selling when the market is pretty high during the bull run and repeat the process for every small dip that might occur during those times.

Depends on the period, staking during the bear season awaiting the bull period can be very profitable especially if the project in question has yet to be listed in any exchange. On the other hand, locking your coins up pre- bull run is a big mistake, you will literally watch the rise and fall of your portfolio and not being able to sell if the staking period has not ended and you are not able to unstake. I think this among other reason are while most people prefer to hold their coins in their personal wallet to be able to sell when the market is at its peak.

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Wouldn't one be able to get better returns if they simply held their coins in their wallets instead of staking them and buying and selling for small intervals? Because staking will barely give you a 5% to 10% APY or APR and that can be earned in a few hours during a bull run, I believe it's better to simply keep your assets with you and make trades instead of locking them up in a staking contract that might not allow you to use your coins for selling when you might want to.

This is the first time I've heard that staking can be used as a way to earn guaranteed passive during the bull run while people usually prefer buying low and selling when the market is pretty high during the bull run and repeat the process for every small dip that might occur during those times.

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Quote from: oktana on November 11, 2023, 03:06:57 PM

I wouldn’t say ”the perfect passive income strategy” but for a fact, it is a valid passive income source. And it doesn’t matter if you are staking during the bull run or not, because even if it was the bear market, the tokens you earn can still be of great value whenever the bull run comes. I’ve made some gains from staking and it’s something I would greatly recommend, however, you should DYOR as the token/coin matters a lot.

But the problem with what you mean here is if suddenly while you are in time of staking and the price of your coin goes ATH then how can you gather them both? then you will need to took out your stake just to sell your coins? isn't disaster is what will happen.
Staking for me is much better while the market is dumping so if happen that after dumping you have taken your stake then chances that the bull will be waiting .

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Quote from: Huppercase on November 12, 2023, 05:32:25 AM

An altcoin promises to give 9% APR for staking reward yearly. Now, you staked your coin to improve the security as they say and then all of a sudden, the coin start pump and this pump happen in just a week to a new all time high but you cannot sell because there is a penalty if you don't reach the agreed date and may even take 14 days to unlock just to prevent market dump. In the process, if you are a whale that unlock, it's going to inform traders that a load of coins will be unlock to the market in 14 days and smart money will sell their coins and exit before that day leaving you with loss from staking and loss of not been able to sell at all time high. What's the profit you get in staking?

The only time I think it's ideal for staking is in bear market. If you buy a coin, you can stake it when nothing good is happening at that time, you can be earning some good passive income but it's better to unlock immediately as bull run approaches so that when the coin hit all time high or have enough profit, you can simply sell your token and exit the market in peace. Staking in bull market is just a strategy team are using to avoid people from selling and reduce coins in circulation.

If it's not good then why it grows up like this? I mean many crypto wallets and platforms (e.g crypto exchanges) are now offering staking service and then many coins are still being created to support that kind of functionality. I guess that simply means they are getting a good demand from the public.

The lock-up mechanism is needed not only to prevent the people from selling so that the coin will not dump, but at the same time it can make the network secure or stronger. The best part is we can gain an incentive from doing this. You think it isn't great, maybe because you are only lacking in patience and you didn't choose the right platform and coin for you to do staking.

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Staking for passive income in a bull market is smart. Its like getting two birds with one stone: staking incentives and asset appreciation. However, it may not be the 'ideal' method.

The reason is: First, cryptocurrency is dynamic, so what works today may not work tomorrow. Market circumstances and asset performance determine staking's effectiveness. You must be committed and understand the blockchain project you're investing in. Its about community and technology advancement, not just earning. This makes it a non-set-and-forget method.

Remember, bull runs offer several opportunities. Trading, yield farming, and crypto startup investing are alternatives to staking. They have different risk-reward profiles. Best strategy? Personal risk appetite, investment horizon, and crypto interest determine it. Diversify and pick what fits your goals and understanding.

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