Does staking even make any sense - page 14.

Cryptoababe

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Quote from: Ketesnuko on April 06, 2022, 05:42:25 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?.

People stake money instead of just leaving it and looking at it without growing. At least you earn 95 usd without doing anything.
So, its something. And imagine staking 100 thousand Usd. We can also say. Staking with low APY is only for the rich

rozak

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Quote from: ardydyon on April 27, 2022, 11:39:52 AM

Staking is very promising for investors who still keep the coin to invest.
Staking is very attractive when it offers very high interest to stake within a specified timeframe.
I think it's up to each one because the profits and losses are in the hands of the coin owner himself.
Staking will always be interesting because it can provide promising passive income every day.
maybe you can give it a try because you will get results instead of you laughing so hard that you almost flip your laptop over

Staking assets does provide good passive income, especially for investors with long-term planning.
but don't expect the results from staking to be very large, because most of the popular altcoins staking most platforms that provide staking don't provide a good enough APY. those who offer large APY are usually tokens from new projects. it is to attract new investors who will buy their tokens. I hope you are careful with staking assets from new projects because their market is not strong yet, it could be affected by the price. it will result in your staking will not be profitable even though the quantity increases but in fact, the value decreases.

ardydyon

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Staking is very promising for investors who still keep the coin to invest.
Staking is very attractive when it offers very high interest to stake within a specified timeframe.
I think it's up to each one because the profits and losses are in the hands of the coin owner himself.
Staking will always be interesting because it can provide promising passive income every day.
maybe you can give it a try because you will get results instead of you laughing so hard that you almost flip your laptop over

Oasisman

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Quote from: Ketesnuko on April 06, 2022, 05:42:25 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?.

I will laugh even harder for the amount of money you put into staking and expect something bigger than that in return.
-Put that money in the bank and see the huge difference.
-Put $100k into staking to stable coins and see the huge difference.
-Put that money into a project that has high risk high return and see the difference.

Otherwise If you don't enjoy the return, then go ahead and buy Bitcoin and hold it. That's another option in earning more than that $95 in a year. However, that depends If the market becomes bullish again next year.

yurez

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Quote from: Ketesnuko on April 06, 2022, 05:42:25 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?.

For a conservative crypto investor, this is an adequate return with minimal risks. Staking stablecoins is an alternative to bank deposits, it is like a cryptocurrency deposit. Compared to yield farming, the percentage here is much lower, but staking stablecoins is much safer and does not take a lot of nerves and time. I think this is one of the best solutions for investors with large balance.

i8v8i

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Quote from: First_on_the_Moon on April 25, 2022, 07:08:02 PM

Quote from: cryptosru on April 06, 2022, 07:03:23 PM

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

Staking allows to earn passive income on holding tokens. It is very popular during the rise of the market.
But after the rise of the market will be a fall of the market and staking will not be so popular.

Now a lot of new staking projects appear and investors have a big choice where to invest their money.
First of all it is necessary to check how usefuls is a project to understand the demand in it and in its products and tools.

First_on_the_Moon

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Quote from: DeFi Doge on April 24, 2022, 03:33:03 PM

Quote from: cryptosru on April 06, 2022, 07:03:23 PM

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

Staking make sense when it alow to earn money.
It happens when cryptocurrency market rise. But when market falls the profit from staking does not cover the loses from fall of the market.

Staking allows to earn passive income on holding tokens. It is very popular during the rise of the market.
But after the rise of the market will be a fall of the market and staking will not be so popular.

DeFi Doge

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Quote from: Dragonbite on April 22, 2022, 06:11:49 PM

Quote from: cryptosru on April 06, 2022, 07:03:23 PM

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

Staking now very popular. A lot of projects use staking to attract users and to unite the community of users.
For staking it is necessary to be profitable to attract attention to the project.

Staking make sense when it alow to earn money.
It happens when cryptocurrency market rise. But when market falls the profit from staking does not cover the loses from fall of the market.

budz0425

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Quote from: Ketesnuko on April 06, 2022, 05:42:25 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?.

For me, 95$ is worth enough since I'm not very good at trading. but if you are Good at trading then Staking is not for you!
Staking in stable coins for me is the safest than trading since you are staking in Binance. comparing staking and keeping money in Bank I can say more profit in staking than keeping money in the bank

Webetcoins

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Quote from: jahepahit on April 21, 2022, 03:36:38 AM

you shouldnt expect anything higher than that except you want to give your funds for vanishing. usual banks cant even do closer to that. try with big funds and see what the return will be. and you know what, a year will be done like a flash because your mind wont be there at all.

What people need to understand is that anything over 100% could be maybe legit or a scam but in the end it will fail nevertheless. More than doubling each year is a high enough inflation that even crypto market can't cover, normally I would say it could be possible for things that are super hyped, but not every year and then the year it doesn't will make it go down and that will cause an exponential drop. That’s just what I think will happen.

So, if you are looking for staking, look at things with low rate, why? Because even though it gives you lower rate and lower return, it means that it could be sustainable and it could go on for many years that way.

Dragonbite

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Quote from: cryptoserega on April 21, 2022, 06:13:35 PM

Quote from: cryptosru on April 06, 2022, 07:03:23 PM

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

Staking is popular when cryptocurrency market rise, but when cryptocurrency market falls there is now reasons for staking because the fall of the price of tokens do not compensate the profit from staking.

Staking now very popular. A lot of projects use staking to attract users and to unite the community of users.
For staking it is necessary to be profitable to attract attention to the project.

7788bitcoin

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Quote from: gurunanakji777 on April 21, 2022, 12:45:20 PM

I feel if you invest in the BTC or Ethereum you would in much more profit as compared to just 95$ in a year but staking is not for everyone. USDT staking is the safest staking. Those who don't want to take risks to hold their money in the USDT so they enjoyed little amount also from the staking and staking with little amount is not useful in my opinion. The big investors makes huge profit by investing huge money in the staking So staking is more beneficial for big investors.

If you are having a large amount of coins in your disposal then i would say that staking is a much better way of earning a profit for the coins your are holding for the long term, no one would stake stable coins as the APY is not that great unless you have a much larger reserve, if not if you are sticking to alts and for the long term then staking is not a bad option.

Once ETH turns POS if you are holding a much larger amount of coins then it is the best possible situation considering you are holding it for the long term.

cryptoserega

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Quote from: Angry_Kitty on April 20, 2022, 06:19:20 PM

Quote from: cryptosru on April 06, 2022, 07:03:23 PM

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

Staking make sense when cryptocurrency market rise and people earn money on staking.
But when market falls the profit from staking does not compensate the lose from fall the price.

Staking is popular when cryptocurrency market rise, but when cryptocurrency market falls there is now reasons for staking because the fall of the price of tokens do not compensate the profit from staking.

gurunanakji777

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I feel if you invest in the BTC or Ethereum you would in much more profit as compared to just 95$ in a year but staking is not for everyone. USDT staking is the safest staking. Those who don't want to take risks to hold their money in the USDT so they enjoyed little amount also from the staking and staking with little amount is not useful in my opinion. The big investors makes huge profit by investing huge money in the staking So staking is more beneficial for big investors.

Lagduf

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if you try staking a more volatile altcoins you could get tremendous return of investment that of course also being accompanied by greater risk of losing your investment.
honestly if it’s staking stablecoin you should never expect anything big out of it because there are literally thousands of people that are intending in staking their stablecoin just filling the void that they have in holding
an altcoin without being somehow productive.
most of the time, if you really wanna seek real profit you should go with staking a newly founded altcoins they usually have great reward waiting for you but of course as I said earlier greater APY means greater risk as well
so the decision in term of staking and risk management is yours.

jahepahit

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you shouldnt expect anything higher than that except you want to give your funds for vanishing. usual banks cant even do closer to that. try with big funds and see what the return will be. and you know what, a year will be done like a flash because your mind wont be there at all.

Blowon

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Staking has a portion and consideration that has been prepared from the features on the platform, of course the better the coins that are staked the less reward you get besides the place where you staking also affects your income. So do you want a bigger payoff than that? Of course you can, but the risk is also big, you can try the DeFi feature, namely Yield Farming, they are quite good in big income but the risk is very high. Staking with $1000 to earn $98 in a year I think that is the rule of the place where you are staking.

Daniel347

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[ Staking make sense when cryptocurrency market rise and people earn money on staking.
But when market falls the profit from staking does not compensate the lose from fall the price.]
[/quote]

Yes Indeed, that why we need a good staking platform that has a back layer for backing up the price.
so it is very important to keep the price up or at least make the price stable.

cheers !

Angry_Kitty

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Quote from: SafeSpaceCrypto on April 17, 2022, 05:05:40 PM

Quote from: cryptosru on April 06, 2022, 07:03:23 PM

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

Many people use staking because staking of profitable and allow to earn passive income.
But not all staking projects are profitable and it is important to carefully choose the projects for staking.

Staking make sense when cryptocurrency market rise and people earn money on staking.
But when market falls the profit from staking does not compensate the lose from fall the price.

lizarder

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Quote from: MiF on April 17, 2022, 06:17:43 PM

Quote from: Ketesnuko on April 06, 2022, 05:42:25 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?.

Well i think staking is good you can earn in staking buy holding the coins on some staking platform,try to stake an altcoins and you will see a big return example is the cd3d coin and there are also so many coin you can choose an altcoins instead of usdt i think it depends on the coin you hold and the staking platform you choose.

basically everything really depends on how we use it, there are many altcoins available in the market, so it gives us choices to choose, as well as the existing platforms, the problem is when there are many choices, but we can't choose the best one, the return really depends on how we start investing, if the investment is good, then we will also receive a perfect return

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