Topic: Does staking even make any sense - page 17. (Read 8458 times)
Staking is good if you have million dollars
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It depends. Staking is make sense when you have bags of extra money but don't have time to manage or don't know what to do! Then you can stake them by converting altcoins or stable coin and enjoy passive income as APY. The more you stake, the more you'll get returned. But if you have little amount of money or you are expert at trading, then staking programme doesn’t make any sense for you.
Exactly, when you have a huge amount of money, staking really make sense because it will help you to understand the market price very well, when to sell to make a good income from the staking or when not to sell not to experience lost at the end of staking in the community. Those that stake last year 2021 when the price of coins was low, they will definitely have something good to achieve that will really make sense from their staking in this season because the price of coins and altcoins has increased higher in the crypto market.
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 offers many opportunities to earn money. That is why staking now so popular and in demand because it attract a lot of attention of potential users.
Now appear a lot of staking projects that allow to earn passive income.
But it is necessary to find a good projects for staking which allow to earn money on investment.
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?.
many people do that because indeed the money they stake is cold money, meaning that the money is really not used in everyday life, yes it doesn't matter in my opinion, even though the return is only $95 in a year but it's still profitable isn't it? but if you have cold money more than $ 1000 of course it's in vain, because many investments are more profitable than that. 
OP, what do you expect with that $1000 USDT when staking? You want more?
Quite frankly, everything is so easy and doesn't force people to participate. Many individuals don't need too much profit and simply don't lose the value of their investment and get more profit. That time with stablecoins is perfectly reasonable.
Quite frankly, everything is so easy and doesn't force people to participate. Many individuals don't need too much profit and simply don't lose the value of their investment and get more profit. That time with stablecoins is perfectly reasonable.
I think Bank not giving 10% for locking your money there actually under 6% until 7% reward given by Bank when you lock your money, but on exchange market like Binance will give 10% and keep safety your money value depending with USDT price drop or not. I think bad choose when locking money on the bank because have inflation value later with how much money put there different with USDT as stable coins and actually have chance for growing up although few percent only, but still profitable than locking on the bank with profitable under 7% every years.
It is not even that high in most banks, I know that the inflation is high these days and the returns are getting bigger, but 7-10% is not really offered by banks in many nations, mostly 2-3% in many places. I have to say 10% is not that great because most hedge funds or investment opportunities like Berkshire Hathaway could offer 20% averages, and that is something you could beat most of the time in crypto by simply buying bitcoin and holding long term, it will most likely will reach 20% per year easily, most probably higher.What people are looking for in crypto is a bit different, because they think it is riskier so they say "if I am going to risk my money with crypto, it should make at least 100% a year!" which is unrealistic but not impossible.
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You staked USDT means stable coin. In fact, if you get 95 dollar return on 1000 Dollar a year, then its APY is 9.5%. Where you get the highest 8% APY by investing in a bank (APY rate depending on the bank), and here you get 9.5% APY, I don't see anything bad here, I thnik it's a fairly good amount. And if you don't like stacking, you can invest in trading. If you have good knowledge about this then you can take good profit from here.
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?.
As far as I know, Binance just upgraded APY level-based staking package. As it is described here https://www.binance.com/en/amp/support/announcement/4fdcde85bceb43119b4e55e50ef24d41 for change as of 5/3/2022… Probably going to be a fixed volatility in this form as part of the lower risk in many other staking projects but nonetheless , I will not pay much attention to this APY interest package 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?.
That’s almost 9.5% annual return so which bank can’t offer when you it to them. You don’t do anything while you earn passive income without any risk. This is huge for people that has a huge capital but of course user like you will not gonna appreciate this as good opportunity for passive income.
9.5%, doesn't banks give lesser than that? If you can take risk there are coins on defi which give triple digit interest, also plenty coins on cosmos.
Terra ust gives 19%. Which is relatively safer compared to defi but not risk free.
Terra ust gives 19%. Which is relatively safer compared to defi but not risk free.
In my opinion yes it is.
But sometimes, the rewards in some reputable olaftorms are smaller than like in other platforms. Staking meed trust on the platform and we must wait for the period of staking until it is finished.
If we think that we still have more times for staking why not? As long as we are staking in the reputable platforms
But sometimes, the rewards in some reputable olaftorms are smaller than like in other platforms. Staking meed trust on the platform and we must wait for the period of staking until it is finished.
If we think that we still have more times for staking why not? As long as we are staking in the reputable platforms
It depends. Staking is make sense when you have bags of extra money but don't have time to manage or don't know what to do! Then you can stake them by converting altcoins or stable coin and enjoy passive income as APY. The more you stake, the more you'll get returned. But if you have little amount of money or you are expert at trading, then staking programme doesn’t make any sense for you.
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 offers many opportunities to earn money. That is why staking now so popular and in demand because it attract a lot of attention of potential users.
if you won't do anything with your funds for the next year or so, and if you have good amount of money, then staking is good as you will be earning passive income. even if we say it is not that big but at least it is earning something while your money is sitting idle. but definitely, you need to stake in reputable platforms like binance, even if they have relatively lower APYs. but if you will just stake small amount, then you will really get small return also, which is not advisable to get into if you have short term plans for your funds.
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 offers many opportunities to earn money. That is why staking now so popular and in demand because it attract a lot of attention of potential users.
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? a year return for a $1000 is just $95? Anyhow, I think for others still worth it though, because you won't get that annual returns if you just kept it in a bank. So it make sense for the majority to ride on this new hype, the whole game of staking. And obviously, the more capital you stake the better is the reward in the long run.Anyone who really wants to make a good profit from staking has to invest a bigger amount and not just $1000 as the op has said he invested. We all know that big profit doesn't come from staking, so it is a matter of how much you are investing, cause the more your investment the bigger the profit that you will get.
I think not stable you can earn much cd3d coins every day depending with how many member stake their coins there, with many people stake every day your return earning will drop. I think is not bad with 258 cd3d staking and get 79 tokens and looks profitable but how price of this token keep reaching up or down, this most important specific because when staking coins usually price drop not getting profit but have loss much with token or coins staking price drop. Not easy to predict actually with shit or meme coin not guarantee keep stable on higher price after few weeks staking.
I am not very well versed on that token itself, but the idea stands, you could put 1000 into something and make 95 bucks in return and that could be something amazing. I mean if I do that with USD for example, any stable coin, USDT, USDC, BUSD doesn't matter, that means yearly 10% growth.If I can keep doing that, and have enough money then I would never have to work ever again. Sure if you are looking to get rich then you will buy, hold, trade and basically just try to get rich but at the same time this is something you can't really do that all the time, there isn't something to trade every single day so when you are not trading or investing, that money could be used for staking until you find something.
Almost 10% for staking USDT on binance? That's actually good than having your money in the banks. Although its a very risky way of doing it, it will be profitable if you have a lot of USDT maybe more than $100K.
If there is a platform where you can enjoy while its not very risky then surely, you would prefer to stake there than on centralize exchange like binance.
How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ 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?.
because your staking on stablecoin i mean the apy return is much better than a bank usually and imagine the 95$ you get from doing nothing
behind the reason of staking is various
people like me usually stake new project coin or other token when the price below buy price so instead of cutlose and try hodling for longterm we can staking it
and staking other project usually give u delicous apy it can be more than 100%
Almost 10% for staking USDT on binance? That's actually good than having your money in the banks. Although its a very risky way of doing it, it will be profitable if you have a lot of USDT maybe more than $100K.
If there is a platform where you can enjoy while its not very risky then surely, you would prefer to stake there than on centralize exchange like binance.
How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ 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?.
Mate, I suggest you look at your local bank and see how much they are offering on fiat deposits.
DeFi yields, even at 5% p.a., are super attractive (if you suppose that it is risk free). Besides, if you are willing to use Anchor Protocol, there is a massive yield reserve and it is currently paying 19.5% p.a. on deposits, which is absolutely insane again by fiat standards.
Heck, if you just use crypto.com which is a prominent exchange you can get close to 10-15% p.a. as well.
If you are staking alts, that's a different story. The emissions follow a schedule set by the blockchain itself and not the markets.
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