Topic: Do You Think Staking is the Perfect Passive Income Strategy in a Bull Market? - page 2. (Read 385 times)

It can be a good option but we can never be considered passive income. Why? Just to imagine how much you earn from staking, I'm referring to staking known and legit coins, not scam/shitcoins because the percentage that it gives to us is a very small amount, we can't live with that for sure. I'd say it was a good option for holders as we are making additional income while holding but if we think of gaining more from just staking, that is not the real thing happening.

It seems to me that staking can be the perfect passive income strategy in a bull market, but it is not a bull market strategy. As we know staking is the act of holding cryptocurrency or other assets for a predetermined period of time. Where staking is much easier than mining or trading. Coin selection is most important in staking. Ensuring proper access to the market for quality tokens or coins. If you are able to select the right coin for staking then you can earn a bit better. Setting financial goals and time limits makes it easier to take steps toward staking. It may come with risk, but the potential earnings and stability can be a significant advantage.

Staking was fine perhaps in the bear market but now with the bull market that is coming it is better to not block/freeze shitcoins because their value can change, grow suddenly for me day trading is more convenient in these moments

Higher the risk but the returns are uncertain so it can be high or low or even bust.

DYOR is important for any investment but how is it going to be helpful when it comes to staking an altcoin. Yes, it can be applied to bitcoin since we have a long history and few other altcoins which also have a long history but not as successful as bitcoin so staking altcoins holds higher risks that is why its not the best strategy to make passive income.

I don't know if there's any advantage derived from staking in a bull run over doing it in a bear season. In the not too distant past, I used to have this same mindset of yours until I tasted the bitterness that's occasioned by staking. K-Root, KCLP and one other token that I can't remember now, taught me a bitter lesson as they wound up their sites and all that I staked went with them. While the staking on those sites lasted, I enjoyed it. I got some profit but the manner it ended was heartbreaking for me. Yes, quite correct that one can earn passively but there's no guarantee that the site and the coins won't disappear into thin air overnight.

hitting 2 birds with one stone just like OP's view of it. it's a passive income if the bull run continues forever unfortunately it doesn't work that way and it's always going to end which is time to sell. if staking takes time, your dump may be delayed.

it's all up to the staker if he continues to stake but remember the regulators are not going to look at staking as it is.  i think there was a discussion about token stakers being taxed.

I agree that staking can be a smart strategy for passive income especially during a bull market. The ability to earn rewards from staking is also beneficial if value will rise of your staked assets can be a dual advantage.

But keep in mind one aspect to consider is the volatility of the market. While a bull market generally indicates a positive trend but there can be downturns too. That may impact the value of the staked assets.

But the specific cryptocurrency you choose to stake can also lift up the success of your strategy. And the staking rewards and potential returns can vary in different platforms.

I also use staking platform and currently I have invested in ATOM, Juno and Osmosis.

Two things i enjoy doing in this crypto space is either staking and copy trading, these two have really come handy for me over the years of being a crypto trader. Then ofcourse taking part in airdrops has also yielded me so good passive incomes ..

Higher risks but also higher rewards. Unless its both high risk and low reward, but staking in something like that is up to the people who don't understand the concept of DYOR.

People really should do their own research instead of asking strangers for bad financial advice. Which coins will make you rich? Who knows. It could be a completely unknown coin that you happened to stake because you liked the team behind the project.

But if you want to be realistic about your staking, then you really should DYOR.

I taught the op was emphasising on bitcoin aspects of investment,in which I did not find he or her concept or theory very correct, so therefore bitcoin is something I know that have to do with different kind of measures for investment, so what you said I think I acknowledged it.

I once wanted to do it on Binance. However, when looking at the results, it became quite a bit. ha ha
Or maybe because the number of staked coins is only small, it really doesn't seem worth it, right?
Meanwhile, if I do staking or something like that on another platform, I haven't done any research because I'm worried whether that platform is truly trustworthy or not. Because staking is usually done over a long period of time, this may also be risky. Unless the platform is trusted and reputable. Maybe it's time to try doing some more research on whether it's really worth it or not with the amount of assets you currently own. Because I read some members here do it and it's really profitable, right?

Not a passive or that huge income to simply answer you. But, making a good and wise choice of trying the best tokens or coins in the perfect platforms can really generate you decent profit and an extra income to help you.
I don’t believe that you can earn more than 10% of your total staking amount in less than a month for example. Knowing that staking also can be risky, if you stake a coin or a token even that you get the profit every week or month or even day and if that coin lost its value, you will lose and that depends on the market.
As it can the opposite, if the market was moving in the bull direction and you were staking good amount kf that token, you can really generate good money.

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.

It would be the perfect passive income strategy if you would stake or use the crypto that wouldn't easily drop down its price.
Staking could be the best for those who just wants to hold their investment for a long period of time, since they don't plan to sell it or trade it why not stake it to let their holdings earn more for them not just wait for the price to rise up.

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.

I actually talk a lot about crypto staking, nowadays almost all centralized exchange has feature of staking tho no doubt that Decentralized Exchange also has.

Fast chain and environmentally friendly coin is everywhere so Proof of Stake is at peak now even tho developer tweak it like DPos, Masternode, etc. So it gives a lot of opportunities for passive income strategy.

The best way to staking is at bear market in my opinion because the coin is at cheap rate you can continue DCA and stake it at the same time so when bull market you can sell some of it or just sell the earn from staking. Eth usually over 4% annual but there is ton out there more than 4% if you surf the DeFi world you can even earn more than that

Yes staking always yield a good amount of return by holding or locking it. Some have number of days required to locked it or unlock your tokens in a protocol but earning tokens at the same time. For bull run its good since the value also increases but if you think about it, on the opposite side it could also be a downer but since we are entering a good market then its really a good strategy.

Nah, it doesn't. Too volatile. I had a friend who staked $DOT during last bull market when it was trading around $50, thinking to have stable income with it. What happened? It's now trading at $5.

With $DOT's staking apr ~15%, he would have been better of selling his stash then at $50, and buying back later. He'd be having lot more $DOT this way compared to his staking earnings.

Staking is lock up mechanism to prevent people from selling, there is nothing good about it as I have experience in this market. Let us do some simple analysis:

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.

Certainly, staking is a powerful strategy for generating passive income, particularly due to upward trend in the market, the value of staking reward is enhanced, as well.

However, it is important to note that there are risks involved in staking, such as potential for impermanent loss, market fluctuation risk, securities vulnerabilities of network and necessity for compliance with regulatory standards in the region where a DEFI platform is registered.