Staking is one strategy that most holders do while waiting for the perfect time to sell as in this way, they can earn some profit in returns. And literally, it makes sense. However, we couldn't think that staking gives you more compared to trading, like having 9%APY per annum is obviously small but people had taken this opportunity as additional income while in wait for the next Bullrun.
Well, staking is a choice, not all holders had pushed to do this but it was just their will to do it.
Topic: Does staking even make any sense - page 18. (Read 8481 times)
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?.
There are different types and options that Binance offers, why did you to a annual staking? You be staking 100k USD if you wanna have more for you to feel it. I stake on Defi 60 days and it gives me good results. With that 1000 USD I would definitely go for a Defi one, with a lock in of 3 months. The choice is yours and Binance won't even bother to hear your thoughts on that, because they've got bigger players than you have imagined.
"The more the merrier" hope op is familiar with this, you can't expect to get more from giving less. I hope by now you have understood how the staking process works especially for stablecoins. There are more than enough responses from forum members to give you better understanding of the staking.
If you are not satisfied with what binance is giving, you can check other exchanges, perhaps their's will be better.
If you are not satisfied with what binance is giving, you can check other exchanges, perhaps their's will be better.
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 have more than money than you imagine people with million dollar and staking it without doing anything and get 9.5% in return. Also it is important to look at the APY not all coins have the same APY so you should consider that too.
Imagine a scenario where you have $100 on your bank and you attempted to invest it. Unfortunately, the legal interest rate (as far as I know in the Philippines) is around 6% annually and you would receive merely $6 by the end of this year. The investment you made may sound relatively small but imagine if you were some rich millionaire who has millions of funds stored without any use.
Applying the example above, the more money you stake the higher the returns would be. It is just a matter on how much capital you are willing to risk in a given exchange for staking.
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Are you expecting to earn 1k with your 1k. Im laughing right now. How many stable token earned totally based on how many stable coin that staked in the network. You can imagine when someone has 1 million USDT and it will be staked with 10% APY. This guy will earn about 100k USDT in a year.
How many reward for your staking totally depend with how much your money. If you wanna get more APY and then go to the shit token.
It seems like you didn't even understand about this.
How many reward for your staking totally depend with how much your money. If you wanna get more APY and then go to the shit token.
It seems like you didn't even understand about this.
Yeah, probably he was expecting to earn $100 monthly for his $1000
He obviously does not understand it before but now am sure he does. Stablecoins staking also have disadvantage which is low Apr compared to normal coins staking. And binance is known for their low Apr especially for stablecoins.
There are good l1 or l2 coins @op can invest on to earn good returns but I don't think he is interested to invest now.
But staking is a good way to earn some money from his $1000. If I have $1 million USDT, I do not want to stake that on any exchanges because the risk will be bigger. But staking can really give him a passive income, although the amount is not too much in the short term
Well, he needs to understand what he wants to do and if he can think of the other way to increase his balance, he will try to use it instead of just relying on the staking process.
Yes staking makes a lot of sense in terms of zero equipment requirements but lesser profits compare to building a mining farm, also you enjoy staking you need lots of cash, I mean a lot for reasonable returns.
It's easier than building your rig and farm mining. No maintenance is needed and it will work on its own based on where you're staking and what coin you're staking. Slow passive income but it is still gain and an income that anyone can have. So the pattern is the same if you want to get more profit through staking then prepare a large investment and capital that you can.
Are you expecting to earn 1k with your 1k. Im laughing right now. How many stable token earned totally based on how many stable coin that staked in the network. You can imagine when someone has 1 million USDT and it will be staked with 10% APY. This guy will earn about 100k USDT in a year.
How many reward for your staking totally depend with how much your money. If you wanna get more APY and then go to the shit token.
It seems like you didn't even understand about this.
How many reward for your staking totally depend with how much your money. If you wanna get more APY and then go to the shit token.
It seems like you didn't even understand about this.
Yeah, probably he was expecting to earn $100 monthly for his $1000
He obviously does not understand it before but now am sure he does. Stablecoins staking also have disadvantage which is low Apr compared to normal coins staking. And binance is known for their low Apr especially for stablecoins.
There are good l1 or l2 coins @op can invest on to earn good returns but I don't think he is interested to invest now.
How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ 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?.
Imagine someone have 1 billion dollar and don't have time to manage that so they are staking to get that 9.5% make sense right so its definitely not going to make rich but for someone who is having lot and lots of money but don't know what to do with that can go for staking.Reasonable, just because OP is looking to get rich quick with 1000$, he thinks this is pointless. If OP takes $1000 to invest instead of stake, then he will get back a large amount of money maybe x2, x3 in a short time, but OP will also lose everything when he invests in the wrong project scam. 9.5% is a reasonable interest rate, not too high but brings stable and sustainable income. Suitable for those who like safety and have idle money who do not know what business to do.
Yes staking makes a lot of sense in terms of zero equipment requirements but lesser profits compare to building a mining farm, also you enjoy staking you need lots of cash, I mean a lot for reasonable returns.
Once I had recurring deposit balance of around 500 bucks, all the money earned from part time job and I always have the tendancy to lock up some money for future emergency usage. Moreover, as I am getting into real world its time to learn how savings works and what gives us most of the interest earned!
Believe me, that 500 bucks had rebate of around 4.5% on yearly basis. Then I came to freebitcoin website one day and understood the FUN token savings and how you can grab APY of 25% for locking the funds.
The same available under staking on binance. I think its best you take the deal and you are already in profit. Plus, if the prices at the time of withdrawal are off the chart which they will be after a year or so, then you get additional fundings for the same.
Believe me, that 500 bucks had rebate of around 4.5% on yearly basis. Then I came to freebitcoin website one day and understood the FUN token savings and how you can grab APY of 25% for locking the funds.
The same available under staking on binance. I think its best you take the deal and you are already in profit. Plus, if the prices at the time of withdrawal are off the chart which they will be after a year or so, then you get additional fundings for the same.
How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ 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?.
It's passive income for doing nothing lmao, if you want to earn big then get to work and use your brain. Staking offers a passive income for those who are busy in real life so they don't have time to do some analyse for trading, do some research for investing and etc. We can't hope for big earn by doing staking but we can hope for increasing our capital by doing nothing. The more you stake the more you earn.
Staking is more enjoyable when you are staking in large so as for the return to make sense but if you stake a small amount the interest payment may not make too much sense, the most advantageous is the one that toy stake native tokens and the rewards are paid in those tokens if you become lucky and the token market rise you can make a good return.
Staking is far more better than leaving your money in the bank where the is no percentage on it.
Staking is far more better than leaving your money in the bank where the is no percentage on it.
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 it always depend on the amount, i stake my 258 cd3d token and it is now 3 days and i have claimable 79 tokens if you stake a big amount the claimable amount will also big, staking is a good way to earn tokens without buying it, so i think staking is not a joke it is a good strategy of investors because while they are waiting for the price of the particular token to rise the amount of thier tokens will also rise through staking.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 it always depend on the amount, i stake my 258 cd3d token and it is now 3 days and i have claimable 79 tokens if you stake a big amount the claimable amount will also big, staking is a good way to earn tokens without buying it, so i think staking is not a joke it is a good strategy of investors because while they are waiting for the price of the particular token to rise the amount of thier tokens will also rise through staking.
If you similarly understand what staking is. If you put the stble coin on the staking you will get the same return. You put someone on the stack that you can get a good return in the future. What's wrong with you going into a long-term investment and your token giving you extra income over a period of time? Don't use staking for it as holding on to someone stable is not going to increase the price. I hope you have understood my point, you have understood the gist of what I am saying.
Well what i fell Staking is really beneficial it depend upon which platform you choose, a dex had more pools and more staking offer so why not try it out just imagine you had some money in real life we deposit the money into banks and get interest like 3%--4% means seriously with such low interest, but if you compare it with crypto Staking it is still really huge remember a best crypto coin staking platform can even make you rich i remembered i had invested in cake {pancakeswap} when its price is 0.2$ now just check the price + i also had gotton staking profit at that time when i invested the APR is around 250-300% just think of the situation
Look into staking if you have up to 500,000$ in your wallet or portfolio, the more money you stake the bigger your reward is going to be, to me I believe that staking is only for the rich.
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They do staking just to keep the balance by getting a little extra balance. It is customary for stable coins to only get returns below 10%. Apart from that, many are staking to hold coins in the long term. They will benefit from price changes and from increasing the number of staking coins. If the coin price drops of course they continue staking.
That is, we do staking not expecting profits from staking, but from changes in coin prices. Of course it will be a loss if we stake for stable coins.
Stablecoins are only suitable for storage and are only suitable for buying other coins when the coin price is in a low condition, because stablecoins are not suitable for staking and any trading.That is, we do staking not expecting profits from staking, but from changes in coin prices. Of course it will be a loss if we stake for stable coins.
And besides stablecoins, I think almost all coins are suitable for staking if the coin has a certain support for staking to increase the number of existing coins.
No bank will even give you that amount of roi per year for $1000. You may see it very small but still better than what local banks will give.
I think around 0.8% for your $1000 monthly is what they offer which is not bad.
There are other platforms which gives higher but you have to be careful. Waves usdn was offering a very high Apr but look at what happened.
The only way to increase you earnings is by increasing your investment, don't expect more than what you are staking.
I think around 0.8% for your $1000 monthly is what they offer which is not bad.
There are other platforms which gives higher but you have to be careful. Waves usdn was offering a very high Apr but look at what happened.
The only way to increase you earnings is by increasing your investment, don't expect more than what you are staking.
Yes, you are right here. Maximum exchanges give project PAM about whole staking. But there are some tokens which give monthly but its rear. I think for this reason maximum time people are uninterested to stake their token or investment.
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
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