Topic: Does staking even make any sense - page 19. (Read 8432 times)
If you do staking and only get that small benefit in one year then you can look for other alternative tokens to be included in staking because I believe there are still many tokens that provide high APY and it would be nice if you don't staking for too long but look for staking which is only a few weeks or months because we can continue to develop our assets that we are holding on to in the long term.
It seems like you're new in the crypto, right? If you wanna get very very big APY with your small amounts of money and then go to the altcoins that were offering very big APY like cake or something else.
Stable coin was used by people who are looking for stable income for their assets. Stable passive income without any risk being lose due to the volatility that happens like this time when bitcoin got dumped and whole of market were following the bitcoin price movement as well. It's not like that. I think that if you must understand it correctly.
So, staking is a sense thing when you can understand and calculate it correclty
Stable coin was used by people who are looking for stable income for their assets. Stable passive income without any risk being lose due to the volatility that happens like this time when bitcoin got dumped and whole of market were following the bitcoin price movement as well. It's not like that. I think that if you must understand it correctly.
So, staking is a sense thing when you can understand and calculate it correclty
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 don't use Binance staking, I don't have time for their 30 day windows. I prefer to stake cryptos in their native platforms, like NEAR in the NEAR wallet, Celo in the Celo wallet, and ICP in neuron. 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?.
If you get back 95$ per year if you are only staking 1000$ then this means you get an annual interest of 9,5% on your capital and that even for a stable coin and not for a volatile asset so you can compare that with the interest that a bank is paying you on your FIAT. You do know how much you interest you get if you leave your money at the Bank right? You get absolutely zero interest for it and here in Germany it can even happen that you have to pay some sort of a fee for having much money on a bank so you can even get minus interest here at the moment. So 9,5% on stablecoins is really good compared to traditional financial products.
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?.
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.
Its almost 10% APY for a year, i think that's not a bad. Because who guys own millions of dollars and if will go to stake you know how much money will get without anything. Even you tried to stake stable coin it’s a big security for your money because there are no chances to changes your coin prices. And i think you can't get such opportunity in the bank or other financial institutions.
Staking will always give you less ROI because it is passive income. You just have to put your coins at staking and do nothing in order to get this money. So the ROI will always be low as compared to trading crypto in which the reward is also high but there is also risk.
However, staking crypto is still very popular because staking gives you much better returns as compared to the interest which banks give us on depositing money with them.
I love staking my coins because, as you mention, it is a source of a passive income. But I see it on a long term; with staking I can accumulate more coins and when the market is high again (is it this year or the next couple of years) I will sell some of them to take some profit. For some coins, you can get around 12 to 18% APY, which is arounnd 24 to 36x times higher than the savings I get on my bank account in Belgium.
The higher your stakes asset the bigger your annual return will be, if I have anything close to a 100,000$ I will prefer to stake it for annual return but if I have anything lesser than 100k I will use the money to build a mining rig, staking vs mining have been discussed many time before and its easy to see that mining wins 🏆.
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?.
Everyone has their own plans for their finances. If only I had more than $10000, I think I would not trade and it would be better for staking my assets, especially if the annual interest paid is almost 10%. and FYI, apart from staking stablecoins, you can also stake coins/tokens on Binance, the question is, why do people stake their coins/tokens?
The answer is that apart from them benefiting from the value/amount of their coins/tokens, they will also be forced to become diamond hands.
In exchange for safety, they won't give a high amount of interest and there's not much movement in the market where they could profit with stable coins.
They invest what you staked and hope it will make some, it's not always a win situation for them too. So, accepting what they offer is your choice, or go for HYIPs which involve high risk.
Don't they have a calculator of how much money you will receive annually if you stake it with them? I mean, they should, to avoid high expectations just like what you are feeling now.
They invest what you staked and hope it will make some, it's not always a win situation for them too. So, accepting what they offer is your choice, or go for HYIPs which involve high risk.
Don't they have a calculator of how much money you will receive annually if you stake it with them? I mean, they should, to avoid high expectations just like what you are feeling now.
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How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ 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 do that because they want to earn extra from staking their coins and wish they could sell them at a high price for more amount of coins. If you are still in the staking program, you can go ahead and patiently wait for the coins to accumulate. In addition, the market is still volatile and there is no sign of when it will turn to high prices. It is hoped that when the price starts to climb, your coins will increase even more so that you can profit more from the staking program. 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?.
Staking will always give you less ROI because it is passive income. You just have to put your coins at staking and do nothing in order to get this money. So the ROI will always be low as compared to trading crypto in which the reward is also high but there is also risk.
However, staking crypto is still very popular because staking gives you much better returns as compared to the interest which banks give us on depositing money with them.
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?.
From time to time I make bets, but not in stablecoins. And in coins with their own blockchain, such as BNB, Matic, Sol, and so on. Because it can be more useful and, accordingly, profit. 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?.
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.
Staking was a sense thing. Did you see how much APY for your staking compared with your total amounts staked and how much your reward that already predicted to be received by you? Are you saying this as a non sense thing? that's stable coin and you will be getting your reward in the digital form of fiat money with stable value. There will be no volatility. If you are think that 9,5% apy was a low reward and why don't you just stake a few millions USD to earn very big- amounts of money? this will be a sense thing that you can do that easily. You will be able earning a lot from there.
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?.
Stablecoins staking with a low fund like yours can not give any meaningful reward bro, the apy for stablecoins staking are usually very low compare to tokens or coins staking with a bit higher apy. why don't you try staking with Anchor protocol ust, the apy is around 20% so most likely you will earn a little more from staking with them.
If you want to earn more from this amount then you should be ready to convert to non stablecoins and deal with market volatility but you are sure of a high apy.
The choice is yours.
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?.
Even if the return is low still its quite decent rate compare if you let your money sleep on your bank account profit still profit and this is only good for people who doesn't want to get tired hunting for profits on unsure investments.
But for small timers for sure this is totally insane and we can able to multiply more numbers for that amount used to capital on some other things and get great returns in span of 1 year.
that's far better rather than earning interest in your bank account lol. 10% APY was so big for the stable token and you can earn that regularly. I think that you must also read some article about why it's worth even with 10% APY. You will be earning stable income from your staking. This is what already searched by people and you are laughing at it? im laughing to you right now.
Im staking stable coin as well and remember the greater amount and the greater passive income you get.
This is the same like the interest but totally depends on how many staked.
Im staking stable coin as well and remember the greater amount and the greater passive income you get.
This is the same like the interest but totally depends on how many staked.
What doesn't make sense is people still prefer staking their money to the bank with I think 3% to 5% yearly so I wouldn't surprise if people choose to stake on something like this one and I think there are more staking projects where you can earn more than 10% but with those token that wasn't sure whether will pump or dump in no time.
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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 actually a good percentage and believable. Unlike those yields and interest rates coming from the scammer. So what do you want? Unreasonable, unbelievable and high rates or the typical ones but genuine and real interest rates that won't scam you?This is the set back of staking because it is passive income. It's the same as the banks that would give you 1%-5% of profit annually and what Binance is giving is higher than them.
The reality of staking is that, the higher you stake, the higher profit you make and that's lesser risk .
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