Topic: Does staking even make any sense - page 3. (Read 8432 times)
Staking is basically for the rich with idle funds. The percentage may seem small but when computed against a more substantial amount, you'll find that the percentage is good, considering the fact that you don't need to do anything and your capital is intact. I know they are staking with higher percentage in terms of interest, but there could be higher risk attached as your capital could be compromised.
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?.
why choose Stable coin when there are other coins that is having a good staking offering for Binance? Am not sure what is your plans and Ideas but i found it not even when stable coin specially USDT is not worth staking for.and why not locked the amount for much longer time than just a year? because if that funds is just for long term and willing to risk then there is no issue in waiting more.
It's true that stable coins like USDT are not a good choice for staking, I prefer staking other coins that can provide greater profits. But if we really want
to staking on stablecoins, we should not choose to staking on Binance, look for other platforms that offer higher interest rates. But we have to be careful
if staking on other platforms, make sure the platforms have a good reputation, so we won't lose our money. It must be admitted that it is very rare
for a trusted platform to offer high interest rates for staking, so if we feel that the profit generated from staking is unsatisfactory, it means that
staking is not something we should do. There are many other ways to make a profit in the crypto world, we just need to find information. What is
certain is that if there is a way that produces large profits, the risk is usually very high, very different from staking usually has a low risk.
A 9.5% return is pretty crazy high. Most of the invested money in the world is seeing dividends of less than 1/3 that. If you have lots of money and want a return, 9.5% is great. I fear that kids learning to invest in crypto are going to have some messed up expectations vs reality when it comes to real returns.
I'd be very careful investing into coins or "De-Fi" platforms which promise high returns. Terra/LUNA offered high returns to "stakers" of the TerraUSD stablecoin, only to fall all the way down the drain in an instant. Coins with low stake rates are better because their maintain their value over time. The lower the stake rate, the more stable the coin's price will be. This is no different than saying the higher the reward, the higher the risk of loss will be. Most people are greedy, so they wouldn't mind staking coins with high returns even if they could lose it all in an instant. Just my opinion
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 do it in stablecoin surveillance like USDT very short change, can say hourly or daily can change, low profit count/usdt, but if in the amount of placement of $ 1000 you can get profits repeatedly in one month, not calculated per year.Do the reconnaissance method you will get many times more profit than you get per year.
You earn, but you need to spend more time to monitor and to make sure that you can go out before
your investment lose, it's more on how much time and how deep you can go to analyze the coin that you use for your
short-term trade.
Not really staking though, unlike with coins that accumulate staking rewards, but risk is also present since fluctuation
mostly affects the value of coins, but it's more on your understanding and determination to hold.
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 do it in stablecoin surveillance like USDT very short change, can say hourly or daily can change, low profit count/usdt, but if in the amount of placement of $ 1000 you can get profits repeatedly in one month, not calculated per year.Do the reconnaissance method you will get many times more profit than you get per year.
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?.
why choose Stable coin when there are other coins that is having a good staking offering for Binance? Am not sure what is your plans and Ideas but i found it not even when stable coin specially USDT is not worth staking for.and why not locked the amount for much longer time than just a year? because if that funds is just for long term and willing to risk then there is no issue in waiting more.
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 has a different way and it has a different profit if you locked or staked a big amount of asset in a short time it will only earn a small profit but if you locked it for more than 5 to 10 years you will surely get an amazing return, try it in a different stages of amount with a different time frame and observe staking is now very popular and many investors do staking than holding. 
A 9.5% return is pretty crazy high. Most of the invested money in the world is seeing dividends of less than 1/3 that. If you have lots of money and want a return, 9.5% is great. I fear that kids learning to invest in crypto are going to have some messed up expectations vs reality when it comes to real returns.
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?.
Where you invest $1000 for a year and get only $95 it actually becomes very simple. But since Binance is an exercise that is very popular all over the world, it is the most popular here Staking more. Here your risk is very low. A trusted staking platform and exchange site.But I am sharing about an exchange side which has staking platform and gives 48 percent APR.But there is probably a three month or one year APR given here.If you stake 1000$ on this exchange staking platform, you get maximum 459$.But I am sharing the site with a screenshot so you can check it out.I don't know such details but it has come to my attention that you can verify the truth and falsehood.
How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ 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 does make sense. Why? Where can you invest a non-volatile token or coin and make about 10% in a year? You can make more staking volatile entities like bitcoin, ethereum but the profit may be eaten away by impermanent loss and you may actually be in the red at the end of a fiscal year. So yeah, stable staking or liquidity provision is the way the go if you want to profit in this bear market
That's for USDT, and more of the reason you're not getting a higher and substantial return is that you're staking top coin. Why not try the same thing with a low market cap that has higher APY and be surprised by the kind of return you'll be getting.
wrong way of thinking. if you do not staking of course the money you have worth $ 1k will not grow, it looks very small but you can get it for sure and without any risk. if you trade with a capital of $ 1k maybe you can make a profit of more than $ 95 in a year but you need to do an analysis and you also bear the risk of loss. I think security is the main thing in crypto 
It depends on how you see staking, staking is not an investment. You have to stake only the coins you want to save for a long time. This means that instead of saving it and leaving the coin stagnant, you can save and allow it grow to some percentages. If you understand staking from this perceptive, you will not have problems with any amount of percentage that will be giving you because it is higher than what bank will give.
To be frank i have terrible experience with staking, like many are saying high returns but fail to mention that the platforms can just cut return anytime best example pancake few months back the return was like more than 50% now i haven't checked it but probably less than 2%(yeah yearly). On top of that pancake has lost value tremendously so yeah very very negative returns it might be good if you can wait for like several years.
I mean think it this way the money in bank probably won't get affected that much,like my example before when i was started with it has value of 20 dollar now for months it struggle to cross even $4 now consider the lost value and even if they give 50% return (which they are not)you will be still in loss.
I mean think it this way the money in bank probably won't get affected that much,like my example before when i was started with it has value of 20 dollar now for months it struggle to cross even $4 now consider the lost value and even if they give 50% return (which they are not)you will be still in loss.
wrong way of thinking. if you do not staking of course the money you have worth $ 1k will not grow, it looks very small but you can get it for sure and without any risk. if you trade with a capital of $ 1k maybe you can make a profit of more than $ 95 in a year but you need to do an analysis and you also bear the risk of loss. I think security is the main thing in crypto
It makes no sense to hold a proof of stake coins on your wallet, sitting there doing nothing, it makes no sense at all, half bread is always better than none, if 100 tokens can earn you 10 more in a year vs holding the 100 tokens in your wallet for a year which one do you think makes more sense.
Personally, I would not recommend leaving your coins on exchanges at the moment. With the recent turn of events with the market crash, I think there is too much risk locking up your crypto.
I'm fully aware of the rewards of tokens by staying in but I think there is just too much uncertainty in the global economy for that kind of move. Right now most of my portfolio is in BTC but perhaps I’m a rather conservative investor.
I'm fully aware of the rewards of tokens by staying in but I think there is just too much uncertainty in the global economy for that kind of move. Right now most of my portfolio is in BTC but perhaps I’m a rather conservative investor.
Staking is a gamble right now, especially when the global economy is in a recession. Crypto market prices keep falling, with no signs of recovery anytime soon. Those with a lot of money to spend (mostly whales) will be able to stake coins and turn a profit no matter what. But newcomers into crypto or poor people won't be able to see great results with staking because of the high volatility present at the market. These kind of people are better off saving money at a bank (or even Gold) than anything else. I believe staking becomes a problem if you cash out your rewards for Fiat (mainly USD). But if you stake and "hodl" your coins, you'll be able to obtain huge profits in terms of USD once the crypto market turns bullish again. No one can predict the future, so we can only hope for the best. Just my thoughts
It's more profitable to stake in own wallet rather than Binance. Specially when you are going to stake for longer period of time. Currently I'm staking ROSE in web wallet and I got higher APY than Binance.
Personally, I would not recommend leaving your coins on exchanges at the moment. With the recent turn of events with the market crash, I think there is too much risk locking up your crypto.
I'm fully aware of the rewards of tokens by staying in but I think there is just too much uncertainty in the global economy for that kind of move. Right now most of my portfolio is in BTC but perhaps I’m a rather conservative investor.
I'm fully aware of the rewards of tokens by staying in but I think there is just too much uncertainty in the global economy for that kind of move. Right now most of my portfolio is in BTC but perhaps I’m a rather conservative investor.
For me personally, betting has always been a lucrative business. And if now there is an opportunity to place a bet and make a profit. Then you have to bet. I believe that bets need to be made sooner or later, the bet will work and you will get an excellent income.
Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065
That is why it is important to carefully evaluate the potential of every project.
That is why it is important to carefully evaluate the potential of every project.
Many people belive that cryptocurrency market will continue to grow. That is why they pay more and more attention to staking and the opportunity to earn passive income.
The ability to earn money on passive income attracts many people to staking.
Now many projects use staking to attract users which is especially popular during the rise of the market.
A great project is something that is really hard to pinpoint during your stay inside the market,
there are staking potential projects but the market is still unsure and there are lots of drama inside. You needed to work
well with doing your research and keep in mind that it's your money that in stake, staking might take some long of waiting
period but good enough since you are getting an additional token while holding.
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