Does staking even make any sense - page 4.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: RussiaUkraineTranslation on August 02, 2022, 07:35:46 AM

Staking makes sense but avoid staking on centralized platforms and exchanges unless you wan't your funds to end up like celsius investor funds. Use audited decentralized staking platforms like MAXX finance and Alchemix.

Exactly. With centralized lending/staking platforms freezing users' funds lately, it's best to choose a non-custodial/decentralized alternative for true peace of mind. "Not your keys, not your coins", right? But most people often prefer convenience on top of security/decentralization, so they will still stake on centralized platforms like Coinbase and Binance. I don't blame the majority since having the responsibility to secure your crypto funds all by yourself is no easy task. It's often easier to just delegate someone else that responsibility (like a trusted third party), than all the other way around.

Besides, no matter where you stake your coins, there's always the risk of losing it all in an instant. Things like software vulnerabilities, the exposure of your private keys, or even market volatility could make you lose your hard-earned crypto funds. Diversification is the only way to minimize risks as much as possible. As long as you don't put all of your life savings in staking, there should be nothing to worry about. Just my thoughts Grin

virasisog

hero member

Activity: 1820

Merit: 537

Quote from: ?? on ??

Quote from: Artik_Finance on July 25, 2022, 02:42:40 PM

Quote from: Defi_space on July 24, 2022, 01:17:17 AM

Quote from: Impact_Women on June 30, 2022, 06:43:03 AM

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.

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.

If we look at the benefits of passive income, many people are now attracted to it, but many users are using it, but they are gaining a lot of profit, but it is gaining popularity. Before I die, if we do well. It will be good for us to know about the project later

The passive income that staking could provide is also promising and a good opportunity to earn good coins. As long as you're staking potential cokns and great projects, it will always be worth it. But if you're into a short-term and higher earning, trading would be a thing though it requires knowledge and complete skills for you to get rid of constant losses.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: ?? on ??

If we look at the benefits of passive income, many people are now attracted to it, but many users are using it, but they are gaining a lot of profit, but it is gaining popularity. Before I die, if we do well. It will be good for us to know about the project later

Who doesn't like passive income? We all do like it since it's automatic generated profit but it won't just come out of nowhere if you're new to it. There has to be the roots where it will come from and the amount of passive income you'll get depends on how much capital you've got.
Those that like to have passive income into crypto market, mining or staking is their option. While for those who likes to have active income, trading is one way but it's hard as it is. In staking, you don't need mining rigs but the capital is going to be your gateway depending on the crypto that you hold like in mycointainer. Several choice that you can get and you don't need to worry about electrical expenses as for mining, it is one major concern. But still, always check the terms and conditions before you do it whether it's on their platform or any other that you prefer.

RussiaUkraineTranslation

jr. member

Activity: 224

Merit: 1

Staking makes sense but avoid staking on centralized platforms and exchanges unless you wan't your funds to end up like celsius investor funds. Use audited decentralized staking platforms like MAXX finance and Alchemix.

Lubang Bawah

sr. member

Activity: 1358

Merit: 253

If the benchmark is the top exchanges such as binance, huobi, pancakeswap and so on, of course what are what they give are smaller, even now the popular is a rebase who dares to give apy up to thousands of percent, as long as they can prove and pay, of course it is a natural thing because They focus on long -term projects.

jeha2015

full member

Activity: 548

Merit: 168

Play Bitcoin PVP Prediction Game

Quote from: ?? on ??

Quote from: exoncenter on July 28, 2022, 05:09:02 AM

Staking is a best way to increase amount of tokens/coins, but if it is ok for business model and don't make inflation.

agreed, staking program offered should at the very least make sense, giving away really high APY could instead results in the coin that got staked losing majority of its value
and that's the same as losing investment in the long run.
staking should be sustaining for the long run and didn't detriment against the well being of the tokens economy.

dont focus on its APY only , we have to also consider another factors such as its ecosystem and also utility. alot investors forget about , they only concer on APY number meanwhile its coin has no utility at all. look at cosmos ecosystem , they are good coins to stake . beside high return staker will also got stake drop from new project that launched on cosmos chain.

Miaallen

member

Activity: 573

Merit: 30

Staking stable coins is even fairer compared to a token for a long period of time. If you have lots of stable coins you just want to keep from investment for a long time, staking is cool for you. But if you're to stake tokens whose price price can't be guaranteed over a long period of time, staking isn't for you as the price might have crashed far beyond what your staking reward will be at the end of the day.

Cairo_Finance

copper member

Activity: 72

Merit: 0

Quote from: alan228 on July 28, 2022, 03:52:43 AM

Quote from: Impact_Women on June 30, 2022, 06:43:03 AM

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.

A lot depends on the economic situation in the world. The economic crysis continue and it is hard to say how long it will last.
Staking attracts more attention to the coins.

The opportunity to earn money attracts a lot of people to cryptocurrency. The rise of the market attracts a lot of attention as it allows to earn more money and have more profit.

sulendra12

hero member

Activity: 2814

Merit: 526

Undeads.com - P2E Runner Game

Quote from: ololajulo on July 18, 2022, 03:47:42 PM

Defi and staking has really failed in this cycle and I still dont understand the reason. Till date ethereum still has a good percentage staked and lost more than 60% of its value. However, the idea looks great to me, a good way to manage the token while holders are equally rewarded. I want to believe there will be improvement to staking soon,irrespective I wont involve my myself in staking immediately after bitcoin halving

Pretty sure compared on DeFi, staking is way better to invest especially when you stake in reputable exchange or rather good coins to even begin with. With how people treat DeFi nowadays I don't even remember good DeFi to even think to justify why DeFi is good. Also Bitcoin halving doesn't affect anything right away like in past few halvings few years ago.

rojan

sr. member

Activity: 1554

Merit: 374

Vave.com - Crypto Casino

Quote from: ?? on ??

Quote from: exoncenter on July 28, 2022, 05:09:02 AM

Staking is a best way to increase amount of tokens/coins, but if it is ok for business model and don't make inflation.

agreed, staking program offered should at the very least make sense, giving away really high APY could instead results in the coin that got staked losing majority of its value
and that's the same as losing investment in the long run.
staking should be sustaining for the long run and didn't detriment against the well being of the tokens economy.

If you want to do streaking then you have to think a lot but styling it is better if you want to do streaking right away then you may face many problems later on. The project that you are going to strike is the subject but you have to have an idea. If you keep your head down a little you won't have to put yourself in danger.

minairia3

sr. member

Activity: 1498

Merit: 326

Vave.com - Crypto Casino

Quote from: DeathAngel on July 28, 2022, 04:54:30 AM

After recent events I wouldn’t even consider it.

Seriously get your coins off exchanges & even worse, don’t think about trying to earn yield by giving up your keys. It’s just not worth the risk.

Due to the recent problems with the luna and Celsius network, staking is no longer regarded as a safe place, low returns are associated with high risk. A bear market remains in place and we do not know how the lending platforms will develop in the future, they could crash at any time as a result of the domino effect caused by Luna and Celsius. The stake is not bad at all but we should be careful and it is better not to bet at this point.

exoncenter

jr. member

Activity: 45

Merit: 2

Staking is a best way to increase amount of tokens/coins, but if it is ok for business model and don't make inflation.

DeathAngel

legendary

Activity: 3304

Merit: 1617

#1 VIP Crypto Casino

After recent events I wouldn’t even consider it.

Seriously get your coins off exchanges & even worse, don’t think about trying to earn yield by giving up your keys. It’s just not worth the risk.

alan228

jr. member

Activity: 250

Merit: 1

Quote from: Cairo_Finance on July 26, 2022, 06:55:10 AM

Quote from: Impact_Women on June 30, 2022, 06:43:03 AM

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.

Passive income is a good opportunity to earn money, that is why it attracts attention of users.
The ability to earn money attracts a lot attention to staking.

A lot depends on the economic situation in the world. The economic crysis continue and it is hard to say how long it will last.
Staking attracts more attention to the coins.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: BuNga_cute on July 25, 2022, 03:40:34 PM

If we want to get passive income with low risk, maybe staking coins is worth trying. But we should not expect too high by assuming staking is
a way to become a millionaire, because the interest rates on staking are very low, so usually the income obtained from staking is relatively small.
If we want to become a millionaire, it's better to just trade, but the risk is certainly higher. Maybe when compared to storing fiat in a bank,
staking coins is still a little better. The most important thing when we plan to staking coins, make sure the platforms that will be used have a good
and trusted reputation. In addition, popular coins for staking must be a priority, besides being much safer, because usually popular coins will grow
and are likely to continue to rise in value. So in conclusion staking still makes sense for us to do and can provide additional income safely.

Indeed, the stake rewards are just a portion, but yes, it's passive and we never know what the project will deliver.

There are chances that the coin will fly, and it's really good to see that you have a staking asset that you can withdraw and sell
when your target value is already been achieved.

There are traders who managed to have a joy ride using staking coins, though it's not too many, but there are lucky traders
who got into the project in their perfect timing of pumping the value.

Backed_Finance

copper member

Activity: 55

Merit: 0

Quote from: Cairo_Finance on July 26, 2022, 06:55:10 AM

Quote from: Impact_Women on June 30, 2022, 06:43:03 AM

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.

Passive income is a good opportunity to earn money, that is why it attracts attention of users.
The ability to earn money attracts a lot attention to staking.

Now staking popular and in demand because it allows to earn money to many people.
The ability to earn money attracts a lot of people to cryptocurrency.

rojan

sr. member

Activity: 1554

Merit: 374

Vave.com - Crypto Casino

Quote from: Defi_space on July 24, 2022, 01:17:17 AM

Quote from: Buakaw_Club on July 23, 2022, 04:01:49 PM

Quote from: Impact_Women on June 30, 2022, 06:43:03 AM

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.

Staking becomes more popular because it offers a lot of useful opportunities and allows people to earn money.
Many people are actively use staking to earn money.

Many people belive that cryptocurrency market will continue to grow. That is why they pay more and more attention to staking and the opporutnity to earn passive income.

Here everyone likes stalking but first we need to know about the project whether the projector is aerial if the project is not aerial then there is a chance of stalking but we have a big chance of losing money so before stalking I think we should check the project well Then if we do it here we will get benefits from here

Cairo_Finance

copper member

Activity: 72

Merit: 0

Quote from: Artik_Finance on July 25, 2022, 02:42:40 PM

Quote from: Impact_Women on June 30, 2022, 06:43:03 AM

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.

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.

Passive income is a good opportunity to earn money, that is why it attracts attention of users.
The ability to earn money attracts a lot attention to staking.

BuNga_cute

full member

Activity: 1736

Merit: 116

Quote from: Pamadar on July 25, 2022, 01:54:50 AM

Quote from: milewilda on July 24, 2022, 02:33:13 PM

When we do talk about interest then there's no doubt that staking in known platform with those coins would really be totally worth but but we shouldnt really cross out the probabilities or in speaking with risk because we know that everything here on crypto space wont really be giving out that kind of assurance for it to last for a lifetime thats why some people arent really that interested
on touching up these things despite of the interesting interest or APY that it does give compared into their banks which their cash is sitting.So its a personal choice
whether you are really be considering on staking or would simply be just skip on it because you cant take the risk.

You need to balance both risk and the gain that you might get when using this kind of investment,

Staking serves as passive if you invest with good coin that have good potential, aside from small profits from the stake rewards
the possibilities to see the value of the coin to grow is really high.

Just don't forget to do your DYOR and pick staking coins that have real usages. The chance that it will grow along the way is high.

If we want to get passive income with low risk, maybe staking coins is worth trying. But we should not expect too high by assuming staking is
a way to become a millionaire, because the interest rates on staking are very low, so usually the income obtained from staking is relatively small.
If we want to become a millionaire, it's better to just trade, but the risk is certainly higher. Maybe when compared to storing fiat in a bank,
staking coins is still a little better. The most important thing when we plan to staking coins, make sure the platforms that will be used have a good
and trusted reputation. In addition, popular coins for staking must be a priority, besides being much safer, because usually popular coins will grow
and are likely to continue to rise in value. So in conclusion staking still makes sense for us to do and can provide additional income safely.

Artik_Finance

copper member

Activity: 127

Merit: 0

Quote from: Defi_space on July 24, 2022, 01:17:17 AM

Quote from: Impact_Women on June 30, 2022, 06:43:03 AM

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.

Many people belive that cryptocurrency market will continue to grow. That is why they pay more and more attention to staking and the opporutnity 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.

Topic: Does staking even make any sense - page 4. (Read 8458 times)