Does staking even make any sense - page 10.

bittraffic

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Quote from: MarjorieZimmermanGinger on June 29, 2022, 11:05:31 PM

Quote from: Ketesnuko on April 06, 2022, 04:42:25 AM

How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.

What do you mean ?
whether the return you get is only $95 or the whole of the initial capital you have, because if $95 is a return that is not included with the initial capital, this is still very relevant, when compared to returns on coinmeme, many people do not understand the concept of investing in crypto, Many people think that big returns with a little capital are easy to do here, even though this is almost not the case

$95 is close to 10% is very high actually. I don;t see why is isn't enjoying it. Imagine staking 100K and get $10K after a year. We don't see banks offer this high. This is definitely a huge amount for just holding the stablecoin. And this is in binance, although this is not very recommended because the amount is not in your control, you still get to earn if the platform stays the same after a year.

There are platforms where your coins/stablecoins stays in your control while staking, that platform must be preferable.

MarjorieZimmermanGinger

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Quote from: Ketesnuko on April 06, 2022, 04:42:25 AM

How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.

What do you mean ?
whether the return you get is only $95 or the whole of the initial capital you have, because if $95 is a return that is not included with the initial capital, this is still very relevant, when compared to returns on coinmeme, many people do not understand the concept of investing in crypto, Many people think that big returns with a little capital are easy to do here, even though this is almost not the case

mumang siat

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Quote from: Ketesnuko on April 06, 2022, 04:42:25 AM

How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.

Lack of knowledge about stablecoins, so people make big mistakes, for example what you feel, a year the selling price can be quite large, stablecoins are not suitable to be kept, because it will be quite risky in the long term, usually we who are involved in bounty campaigns, always sell such coins after distribution is done, because if stored the price of the coin will follow quickly, there is no long term bet for atablecoins

Jaered

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Staking stablecoins especially on established platforms like Binance yields very low returns, because the Annual Percentage Yield and Annual Percentage Rates are very low since they are not volatile(thus more people stake on it further lowering the APR/APY).You get more rewards from staking Liquidity Provider tokens of more volatile tokens or coins on lesser known platforms. I make about $100 per day on my cronos platform. Its choice and risk appetite

EmmaGod

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People have their own risk appetite and definition of abundance or little. The issue of staking rewards is purely based on the invested amount. The higher the invested amount the more the staked benefits and vice versa. It would be great to stake over 10,000$ as the rewards should be about $1,000 per annum.

Miaallen

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Staking earning isn't really a means of earning for low income or low wallet balance stakers. It is for the whales who are massively rich and have nothing to do with the funds funds sill in there wallet or CEX account. The stake huge some of fund which makes the staking earnings will eventually amount to something nice at the end of the day.

Godwinpaul

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I personally don't see staking 1,000$ for an annual return of 95$ as a bad idea, because the risk is less or completely absent. It would be way difficult to get such a deal without any risk. The best we can get in banks is less than 5% on savings. I recall in binance the staking on USDT is flexible, giving the opportunity to cash out immediately when in need of it.

batang_bitcoin

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Quote from: Abiky on June 28, 2022, 09:00:15 PM

Exactly. Staking is more suitable for whales who have a lot of money to waste. But it's not for the average Joe like you and me. If you have the capital to stake long-term I'd say go for it. Unlike banks, PoS coins give higher returns per year. That entirely depends on the stake rates and current market price of the coin you're investing into.

I agree that the most that will benefit in staking are those with larger funds. But this doesn't mean that it's only limited to them, if you've got spare altcoins that can be staked and you'll just hold it, then it's better to stake it into a platform whom you trust. So while you hold it, you'll be adding quantity on it by just holding it as you stake rather than holding it alone.

Quote from: LaCucina on May 11, 2022, 09:19:12 AM

Now all the markets falls. Stock market falls, the shares of IT project falls, gold falls too.
And where to invest money in such difficult financial situation? Huh

Of course bitcoin should be the first on the list. But if you're keen into staking, there are too many platforms out there to choose from. I've actually made a suggestion about it for example, you want to stake ETH.

Quote from: batang_bitcoin on June 21, 2022, 11:37:25 AM

Quote from: https://www.stakingrewards.com/

1. Binance staking - custodial
2. Kraken - custodial
3. Bitcoin Suisse AG - custodial
4. Stake DAO - decentralized
5. StakeWise - decentralized
6. Guarda wallet - decentralized
7. ANKR - decentralized
8. MyCointainer - custodial and to know more about them
9. Cream Finance - custodial
10. Blox Staking - decentralized

wmaurik

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Quote from: LastKiss on June 28, 2022, 09:42:20 PM

Well if in a year Bitcoin price keeps steady at the price you calculated then that's worth it. Staking is much safer I think rather than go invest in a random new project in this bear market since many new projects end up being a scam project. In my opinion, staking is not bad at all in this bear market and the profit from there you can buy Bitcoin a little bit.

It's just another option other than holding on to the bear's current state, because it's clear that there's nothing to be hoped for by investing in new projects that end up going bad and getting nothing. Apart from Staking, I think for those who have extra cash or money that they don't use for other things it is better to make incremental purchases of Bitcoin for now.

Pamadar

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Quote from: KaliLinux on June 29, 2022, 12:50:24 AM

Quote from: Rasa nanas on June 26, 2022, 10:18:17 AM

in the current bear market situation it looks like stake $1k USDT and get a return of $95 in one year is much better than holding bitcoins. just imagine if you have bitcoins worth $1k at ATH and are currently only worth around $200. sometimes something you think is bad can turn into good luck because crypto market conditions can change at any time.

I think I agree with you here. Cryptocurrency investment involved deep analysis and I don't think most people do that. In this present state of the market where most people like to convert thair crypto assets to Stablecoins, wouldn't it be better to stake those and get some or even a little bit more than just hodling them on the same amount for a whole year?

It's not just an easy to go investment but more on doing your own research and study,

you can earn as much as possible, but the risk is also needed to note down since the volatility is always there. You can
use it as a reference to work deeper.

You need to set your plan and all the alternatives and not just quickly decide when the market is moving against your
current position, most of the time you will lose when you follow the kind of market.

KaliLinux

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Quote from: Rasa nanas on June 26, 2022, 10:18:17 AM

in the current bear market situation it looks like stake $1k USDT and get a return of $95 in one year is much better than holding bitcoins. just imagine if you have bitcoins worth $1k at ATH and are currently only worth around $200. sometimes something you think is bad can turn into good luck because crypto market conditions can change at any time.

I think I agree with you here. Cryptocurrency investment involved deep analysis and I don't think most people do that. In this present state of the market where most people like to convert thair crypto assets to Stablecoins, wouldn't it be better to stake those and get some or even a little bit more than just hodling them on the same amount for a whole year?

LastKiss

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Quote from: Rasa nanas on June 26, 2022, 10:18:17 AM

in the current bear market situation it looks like stake $1k USDT and get a return of $95 in one year is much better than holding bitcoins. just imagine if you have bitcoins worth $1k at ATH and are currently only worth around $200. sometimes something you think is bad can turn into good luck because crypto market conditions can change at any time.

Well if in a year Bitcoin price keeps steady at the price you calculated then that's worth it. Staking is much safer I think rather than go invest in a random new project in this bear market since many new projects end up being a scam project. In my opinion, staking is not bad at all in this bear market and the profit from there you can buy Bitcoin a little bit.

Abiky

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Quote from: shinratensei_ on June 25, 2022, 06:11:14 PM

Staking is for anyone that have too much money and they don't really need them so they could grow their money instead.
It definitely isn't carrying the same chance of return of investment like trading but it's quite safe investment alternative in case you just want to leave your money and let it grow.
Also, usually anyone that stakes have massive capital so they got higher return of investment, it's just matter of how much capital you have in getting greater ROI.

Exactly. Staking is more suitable for whales who have a lot of money to waste. But it's not for the average Joe like you and me. If you have the capital to stake long-term I'd say go for it. Unlike banks, PoS coins give higher returns per year. That entirely depends on the stake rates and current market price of the coin you're investing into.

I see many altcoins abandoning PoW in favor of PoS, so it's possible more people will get into the game with the hopes of getting rich quick. As long as you don't put all of your life savings into staking, you'll have nothing to worry about. Just my thoughts Grin

Rasa nanas

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in the current bear market situation it looks like stake $1k USDT and get a return of $95 in one year is much better than holding bitcoins. just imagine if you have bitcoins worth $1k at ATH and are currently only worth around $200. sometimes something you think is bad can turn into good luck because crypto market conditions can change at any time.

Wildwest

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I think you are wrong in investing, because investing in USDT is indeed the profit we get is not so big because USDT is one of the stablecoins whose price change is only a little bit, so don't be surprised if the profit you get is not so satisfactory, try you invest in other altcoins then I believe the profit you get must be very large but it depends on the coin you hold, if the coin has no potential then losses may occur.

BobK71

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Quote from: Pamadar on June 25, 2022, 02:31:44 PM

Quote from: Tomohisa on June 25, 2022, 01:46:13 PM

It makes sense if your goal for that coin is long-term hold and staking helps you to get more of that coin in a passive way. It also provides an incentive to holders to keep on hold the coin even though the crypto market has high volatility.

There are people who still have the faith that staking can continue giving them passive incomes, not that much with the
current market, but who knows if the project will pump high.

Stacking is basically perfect for those who have more capital. Stacking is difficult by ordinary traders. The returns here are low but comparatively higher than other financial platforms. At the present time I think there is a greater possibility of making more profit on investment than stacking. Because the price of bitcoin is much deeper now and the condition of altcoins is deeper. It's totally your personal matter you don't invest stacking.

AnonBitCoiner

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Market is in bear andany users will hold for at least six months. If someone stake these coin he will get extra quantity which is much better then just holding.
If any body want To stake Etherium then I recommend Don’t stake in Coinbase as you can’t unstake until ETH2 come out. You can stake ETH many other places and still have access to sell/trade. But get a cold storage wallet so you can own your keys/coins while you stake.

shinratensei_

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Staking is for anyone that have too much money and they don't really need them so they could grow their money instead.
It definitely isn't carrying the same chance of return of investment like trading but it's quite safe investment alternative in case you just want to leave your money and let it grow.
Also, usually anyone that stakes have massive capital so they got higher return of investment, it's just matter of how much capital you have in getting greater ROI.

Pamadar

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Quote from: Tomohisa on June 25, 2022, 01:46:13 PM

It makes sense if your goal for that coin is long-term hold and staking helps you to get more of that coin in a passive way. It also provides an incentive to holders to keep on hold the coin even though the crypto market has high volatility.

Yes, if you really supporting the coin and you are willing to wait for more coming from the developing team.

Staking can give you more additional coin while keeping the coin inside your wallet and allowing the network to be open for
you to be able to gain your staking rewards.

There are people who still have the faith that staking can continue giving them passive incomes, not that much with the
current market, but who knows if the project will pump high.

Tomohisa

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It makes sense if your goal for that coin is long-term hold and staking helps you to get more of that coin in a passive way. It also provides an incentive to holders to keep on hold the coin even though the crypto market has high volatility.

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