Topic: Do You Think Staking is the Perfect Passive Income Strategy in a Bull Market? - page 3. (Read 415 times)
November 11, 2023, 06:56:50 PM
Staking is a risky strategy. It means you are going to leave your funds at someone else's hands to take care the money for you. That is how many scams have happened in crypto industry in the recent years. Therefore, the perfect strategy is to hold your funds inside a wallet you have total control over your funds. And once you think the market has pumped enough to give you some sweet profit, you sell it. It's not passive income, in theory, but you are still making profit while sleeping, without any effort. So, in a determined sense, it's still passive income, though.
November 11, 2023, 06:39:21 PM
No, it's vice versa as staking your coin gives you a fixed return which gets accumulated in the same coin which you have staked hence it would be more helpful if you do it in bearish season, let's say we have staked Solano when it was trading around $8 during the bear run and now if the tie up period is over we will have solana with 7x profit along with the accumulated interest.
But if you stake during bullrun you will earn those interest but what if your time period for staking doesn't end during bull run and by the time it's over if the value of coins drop ? There are chances that you will end up losing on your capital even if you have the interest profit, then either you wait for one more bull run to sell or sell it at lesser price. I don't prefer staking especially during bull run but I have staked during bearish season snd it has been fruitful.
But if you stake during bullrun you will earn those interest but what if your time period for staking doesn't end during bull run and by the time it's over if the value of coins drop ? There are chances that you will end up losing on your capital even if you have the interest profit, then either you wait for one more bull run to sell or sell it at lesser price. I don't prefer staking especially during bull run but I have staked during bearish season snd it has been fruitful.
which translates to the fact that it depends on the coin you are staking here. i can understand if it is in the top alts like SOL but if you happen to stake short-lived tokens or coins, i guess you will regret going into staking mode.
if you will stake coins, better do your own assessment, and evaluate their potential. because if you stake a crappy coin, you would end up just wasting your resources. so such passive income will just go down the drain.
November 11, 2023, 06:36:18 PM
No, it's vice versa as staking your coin gives you a fixed return which gets accumulated in the same coin which you have staked hence it would be more helpful if you do it in bearish season, let's say we have staked Solano when it was trading around $8 during the bear run and now if the tie up period is over we will have solana with 7x profit along with the accumulated interest.
But if you stake during bullrun you will earn those interest but what if your time period for staking doesn't end during bull run and by the time it's over if the value of coins drop ? There are chances that you will end up losing on your capital even if you have the interest profit, then either you wait for one more bull run to sell or sell it at lesser price. I don't prefer staking especially during bull run but I have staked during bearish season snd it has been fruitful.
But if you stake during bullrun you will earn those interest but what if your time period for staking doesn't end during bull run and by the time it's over if the value of coins drop ? There are chances that you will end up losing on your capital even if you have the interest profit, then either you wait for one more bull run to sell or sell it at lesser price. I don't prefer staking especially during bull run but I have staked during bearish season snd it has been fruitful.
November 11, 2023, 04:10:31 PM
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, or are there nuances we should consider?
It does not guarantee that your assets are completely safe because there will still be risks, when no one is sure that any event will occur and cause serious losses.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, or are there nuances we should consider?
Staking, or similar mortgage loans with or without conditions always come with different risks/returns, but if we have accepted them from the beginning, that also needs to be made clearer. I know that in a bullish market we can easily spend generously and make money easily through many different forms, but everything is only serious when the problem is as risky as those things. Like a few cases in the past from the XRP story, but anyone who falls into that situation will realize that nothing is absolutely safe in investment.
November 11, 2023, 03:15:08 PM
It can be if you take calculative risk measurement. In the bull market most of the projects usually go up so if the token you are staking is fundamentally strong, you can earn a good amount of passive income at the same time your token price will increase eventually. In the bull market even a stable coin can give you a good APR on the lending platform if you don't want to take unnecessary risks.
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.
November 11, 2023, 02:40:29 PM
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, or are there nuances we should consider?
Staking is another way we can earn in the market while we are holding. since there had been speculations that the bull trend would be in a moment, it is important for us to keep holding our coins in our portfolio or transfer it to exchanges where we can be able to stake it and earn extra coin while we wait for the bull market to come. The only way we can make interesting profits from the market is buy taking the risk of buying and holding. Staking is a way of holding and earning at the same time putting our coins in use while we accumulate more coins for the bull market loading. 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, or are there nuances we should consider?
November 11, 2023, 11:49:07 AM
So what do you think guys? Is staking the perfect passive income strategy for the bull market, or are there nuances we should consider?
Yeah, Staking is the most efficient way to get passive income during bull run but only those flexible terms and doesn’t have have cooldown period because you might caught up unguarded when the market suddenly crash while you are still unstaking your token leaving you more losses than passive income.
Also, make sure to use reliable DeFi for your tokens or else you might suffer same fate with Celsius stakers that still didn’t recover their stake money that was supposed to be huge now that the market is already recovering.
November 11, 2023, 11:45:17 AM
So what do you think guys? Is staking the perfect passive income strategy for the bull market, or are there nuances we should consider?
No, because that will reduce the potential level of return that you might get.
When the market is bullish, of course the price of a token will increase, we should be able to get 2 benefits at once, an increase in the number of tokens and also an increase in price. Remember that every staking program has a time period (on-chain), I once had an unpleasant experience when I was staking $ROSE coins, because unstaking took a lot of time, I lost my selling moment, and that reduced the return I should received.
Staking should be done during a bearish market (case study on a token that you are sure of its fundamentals), which will make you stronger to become a diamond hand.
November 11, 2023, 10:48:20 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, or are there nuances we should consider?
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, or are there nuances we should consider?
Perfect in the sense of guaranteed returns?
No, Staking shitcoins holds the highest risks due to the volatile nature of the assets so meanwhile you staked the funds the value of the crypto can reach zero too so how can you say this as best strategy? For USDT it can be considered but for staking, you need to lose ownership and trust a platform that can be hacked at any moment so it is not a goos strategy in my opinion.
November 11, 2023, 10:41:58 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.
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.
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, or are there nuances we should consider?
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, or are there nuances we should consider?
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