Topic: Does staking even make any sense - page 12. (Read 8432 times)
I did not like to stake in exchange because I not found it safe and Apy is not good for me. Some exchanges change their rules for country and banned so this why I like to stake on best validator rather than exchange. CRO,Osmo and cosmos is best for staking. Osmo reward is best but now because of market condition it's price is very down.
It is clear that the more you put in your asset stacking, the higher the return. It depends entirely on yourself. There are many people here who have made a good fortune by stacking large amounts of assets. Moreover, the conventional bank cannot give this amount of annual return. So I applaud it.
the main reason that conventional bank could only give away smaller APY because it’s more or less a more secured way of investment rather than the volatile investment that are offered in many of the staking platform.I mean even staking with altcoin like USDT, USDC and the likes also gives out smaller APY than the volatile ones so you should take into account the fact that the risk in investing have huge roles here.
the main thing that makes staking seems more interesting is because it’s techy and also flexible it’s just looks better than the ones conventional banks offered I guess.
I disagree with you on this, staking can also bring you great rewards. If you staking on a potential project, staking will help you increase the number of coins you are holding, and if the coin you are staking on has impressive growth in the future, your rewards will be huge.
The downside of staking is that when you don't want to stake anymore, it will take some time for you to get your coins back(about 15 to 30 days depending on each project). So you won't be able to sell high when it goes up in price.
The downside of staking is that when you don't want to stake anymore, it will take some time for you to get your coins back(about 15 to 30 days depending on each project). So you won't be able to sell high when it goes up in price.
Waiting for days in order to withdraw your staking rewards is usually applicable to DPoS coins and "De-Fi" smart contracts. But the same rule doesn't apply to average PoS coins like Peercoin, Blackcoin, Reddcoin, and Diamond. In these type of coins, you're responsible of leaving the wallet open at all times in order to earn staking rewards. You can cash out anytime you like, making them extremely convenient if you need the money in a hurry.
The problem with staking is that your rewards are entirely dependent on the number of people staking on the network and current market price. If there are a lot of stakers on the network, your reward will be low. Same goes with market price if it goes all the way down the drain. I'd do both staking and mining just to minimize as much risks as possible. As long as you don't invest more than what you can't afford to lose, you'll have nothing to worry about. Just my thoughts
Now staking is very popular because it requires to earn more income. Especially staking popular when market rise. But a lot of depends on the projects. Now appear a lot of projects that offer many useful things and products like this https://twitter.com/InpulseX_io/status/1511365325950005252
Competition between the cryptocurrency projects is big because there is demand in such projects and a lot of new projects appear.
A lot of new projects appear when cryptocurrency market rise but when market falls the deman in cryptoassets is not so high. During the fall of the market people lose their interest in cryptocurrency.
I think staking is a good way to earn a passive income for people with a weak heart. Because they are afraid to invest their money because there can be profit or loss from investment. So what's the harm in staking money instead of just depositing it? Rather, it is better to get as much profit as possible from here.
I definitely disagree that staking is for the weak hearted, there are so many staking that involves risk against your investment portfolio like the ones that have quite higher APY usually carries bigger price fluctuation and that alone could sometimes be a lot more harmful for your investment because sometimes staking requires locking for some period and just imagine the value plummeting and you could do nothing but wait your staking out until the lock gets off.
if anything the only safe option for staking is USDT, USDC and the likes but they have disadvantage that is requiring long time staking and also relatively low APY so i won’t agree if you say that staking is for weak hearted.
Staking is good and I consider it a stronger form of token economics but I still think it need more improvement to the idea. Imagine the staked ethereum of around 10% is allowed to be release to owners with the return in 2 weeks now, the market will dump bad to something scary. Irrespective of the attractive returns token releases in staking should be properly managed or disbursed.
Well, the truth is that you can't earn more from staking. Some people do staking as an alternative way of making money while holding but apparently, the returns are just small. Not this thing we could rely upon growing our money if we really want to and it also increase risk to our end knowing that we giving control of ur coins to the exchanger.
Staking is a very good and profitable thing, if we plan for long -term investments, staking is the best solution to get 2 profits, namely future price increase Wallet then the PC is in good health, if doubtful because it is exposed to malware, it is better to use a platform from Android which is proven to be stronger than Metamask.
Staking is good and I consider it a stronger form of token economics but I still think it need more improvement to the idea. Imagine the staked ethereum of around 10% is allowed to be release to owners with the return in 2 weeks now, the market will dump bad to something scary. Irrespective of the attractive returns token releases in staking should be properly managed or disbursed.
I check a lot of different platforms for staking, and I undestand one thing - the best staking with stable coins! But banks in my country gives the same percents for investments!
Now staking is very popular because it requires to earn more income. Especially staking popular when market rise. But a lot of depends on the projects. Now appear a lot of projects that offer many useful things and products like this https://twitter.com/InpulseX_io/status/1511365325950005252
The competition between cryptocurrency projects with staking is very big that it is necessary to attract attention to the project and unite the community.
Competition between the cryptocurrency projects is big because there is demand in such projects and a lot of new projects appear.
Now staking is very popular because it requires to earn more income. Especially staking popular when market rise. But a lot of depends on the projects. Now appear a lot of projects that offer many useful things and products like this https://twitter.com/InpulseX_io/status/1511365325950005252
Now cryptocurrency market falls and staking is not so popular like during the rise of the market.
That is why the demand in staking is not so high.
The competition between cryptocurrency projects with staking is very big that it is necessary to attract attention to the project and unite the community.
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?.
So you stake without checking how much you are going to receive ? There are even best to stake at the moment and you can earn for 30,60,90 days and not a Year long so i am wondering why you chooses that one>?
This market is for Knowledgeable only and not for those Noob that only wanted to earn but not to learn.
Staking is a very good and profitable thing, if we plan for long -term investments, staking is the best solution to get 2 profits, namely future price increase Wallet then the PC is in good health, if doubtful because it is exposed to malware, it is better to use a platform from Android which is proven to be stronger than Metamask.
as long as we are in the legit and trusted site staking then indeed that this is the most profitable that safer , I have been staking for more than 2 years now and all i can say? it is worth a try and respect . Now staking is very popular because it requires to earn more income. Especially staking popular when market rise. But a lot of depends on the projects. Now appear a lot of projects that offer many useful things and products like this https://twitter.com/InpulseX_io/status/1511365325950005252
There are a lot of staking projects but also among staking projects there are a lot of scams which promise a big profit but do not pay it.
Now cryptocurrency market falls and staking is not so popular like during the rise of the market.
That is why the demand in staking is not so high.
Staking is a very good and profitable thing, if we plan for long -term investments, staking is the best solution to get 2 profits, namely future price increase Wallet then the PC is in good health, if doubtful because it is exposed to malware, it is better to use a platform from Android which is proven to be stronger than Metamask.
But as long as I've been using Metamask up to now, I haven't had any problems, including strange things like malware, for example. So I don't think it's a problem if you still use a PC and a wallet from the Metamask platform, as long as it's still very safe and can be controlled well even though using the Android platform is also not bad. 
Staking is a very good and profitable thing, if we plan for long -term investments, staking is the best solution to get 2 profits, namely future price increase Wallet then the PC is in good health, if doubtful because it is exposed to malware, it is better to use a platform from Android which is proven to be stronger than Metamask.
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?.
You're talking about Binance staking, which is a different beast than normal staking. They have limited staking time windows and the higher time windows are unobtanium because they fill up immediately. They offer good rewards but I find that it's better to invest in POS coins directly, like Celo and ICP, and stake those myself. Plus you don't have to worry about Binance getting hacked or your account getting hacked or KYC regulations changing for your country etc. 
I think staking is a good way to earn a passive income for people with a weak heart. Because they are afraid to invest their money because there can be profit or loss from investment. So what's the harm in staking money instead of just depositing it? Rather, it is better to get as much profit as possible from here.
It is clear that the more you put in your asset stacking, the higher the return. It depends entirely on yourself. There are many people here who have made a good fortune by stacking large amounts of assets. Moreover, the conventional bank cannot give this amount of annual return. So I applaud it.
For me I see no much gain in staking any stable coin on Binance. Where I enjoy staking currently now is rebase.. were are users can just hold token and the interest will be increasing every day by day almost 1.9% of users total holding which is almost 100% APY within a month.
Tokens like
1. Astake
2. Sphere finance which is under Polygon Smartchain.
Honestly, staking will never give you a decent reward, this just only serves as an additional income while you are holding and waiting for the time you sell them. We can't expect to double our investment just staking but at least, you get a few bucks from the time you've staked. Some people never appreciate it as they expect a lot like to have 10% APY, 100%APY, that is not really big to think we can earn more. Tokens like
1. Astake
2. Sphere finance which is under Polygon Smartchain.
I disagree with you on this, staking can also bring you great rewards. If you staking on a potential project, staking will help you increase the number of coins you are holding, and if the coin you are staking on has impressive growth in the future, your rewards will be huge.
The downside of staking is that when you don't want to stake anymore, it will take some time for you to get your coins back(about 15 to 30 days depending on each project). So you won't be able to sell high when it goes up in price.
I got your point, we can earn more than 90$ from 1000$ if we use it in trading, but i think you were doing a stable and risk free staking, if you really want to earn money in crypto you have to spread your wings and risk your money, like join best not highest like moderate rewarding (staking) platforms, so that in future you could also get their airdrops + Staking reward, Staking is more beneficial for big investors,
For me I see no much gain in staking any stable coin on Binance. Where I enjoy staking currently now is rebase.. were are users can just hold token and the interest will be increasing every day by day almost 1.9% of users total holding which is almost 100% APY within a month.
Tokens like
1. Astake
2. Sphere finance which is under Polygon Smartchain.
Honestly, staking will never give you a decent reward, this just only serves as an additional income while you are holding and waiting for the time you sell them. We can't expect to double our investment just staking but at least, you get a few bucks from the time you've staked. Some people never appreciate it as they expect a lot like to have 10% APY, 100%APY, that is not really big to think we can earn more. Tokens like
1. Astake
2. Sphere finance which is under Polygon Smartchain.
Jump to: