Does staking even make any sense - page 8.

Gayong88

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Quote from: Dragonbite on July 09, 2022, 06:52:31 AM

Staking very popular and in demand when cryptocurrency market rise. During the rise of the market many people earn more income for staking but whey cryptocurrency market falls many people stop staking and sell their assets.

Staking certainly is a convenient way to earn passive income. But remember this, cryptocurrencies are high-risk assets, and things can go wrong quickly when you try to predict short term movement.

Such thing happened to staking of many coins. Many people who bought coins and earned something in a time of growth sold them when price goes down. If you like staking and hold your assets, even in a hard time you will gain profit, not lose it.

So don't stake more than you're willing to lose, and make sure you have a backup plan in case your assets decrease in value.

Dragonbite

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Quote from: federalmoney_official on July 08, 2022, 05:45:42 AM

Quote from: Impact_Women on June 30, 2022, 07:43:03 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.

Now staking is very propular because it allows to earn money. But staking popular only when cryptocurrency market rise but when cryptocurrency market falls the popularity of staking falls too.

Staking very popular and in demand when cryptocurrency market rise. During the rise of the market many people earn more income for staking but whey cryptocurrency market falls many people stop staking and sell their assets.

rozak

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Quote from: icalical on July 08, 2022, 06:27:42 AM

The highest return for bank deposit in my country is 3-4%, 9.5% is already more than twice of that, and you are staking a stable coin so you don't need to worry about the volatility, it's very similar to bank. If you want better yield try stake coin like BNB or even less popular coin, you will get more return in the coin, but you will need to worry about the price change

coins that are less popular or even new coins that create staking events on some platforms are also a big risk. especially for coins that do not yet have a large trading volume. when you do staking, it could be within 3-6 months the value has dropped very much.
there is a selection of assets that tend to have an increase every year or quarter. it becomes good long-term staking and investment. The BNB you mentioned is one of the good staking assets. indeed the return is not that great. but the value of the coin, in the long run, could provide a better return.
when you don't have skills in trading, we can try staking to make a profit. this could be a long-term investment plan.

RussianEnglishTranslation

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Quote from: icalical on July 08, 2022, 06:27:42 AM

The highest return for bank deposit in my country is 3-4%, 9.5% is already more than twice of that, and you are staking a stable coin so you don't need to worry about the volatility, it's very similar to bank. If you want better yield try stake coin like BNB or even less popular coin, you will get more return in the coin, but you will need to worry about the price change

Staking is the safest and best way to earn high yield, especially if you can stake in your own wallet or on the project's official website. Some projects to consider if you like staking and high APY are:

NEAR
CNDL
Celo
FTM
BNB
Matic

icalical

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The highest return for bank deposit in my country is 3-4%, 9.5% is already more than twice of that, and you are staking a stable coin so you don't need to worry about the volatility, it's very similar to bank. If you want better yield try stake coin like BNB or even less popular coin, you will get more return in the coin, but you will need to worry about the price change

federalmoney_official

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Quote from: Dragonbite on July 07, 2022, 04:42:23 AM

Quote from: Impact_Women on June 30, 2022, 07:43:03 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 attracts a lot of people to the cryptocurrency industry. But to earn on passive income it is necessary to invest money in the projects that are necessary for people and will continue to be in demand.

Now staking is very propular because it allows to earn money. But staking popular only when cryptocurrency market rise but when cryptocurrency market falls the popularity of staking falls too.

Davian144

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Quote from: rojan on July 08, 2022, 02:31:20 AM

I think you have taken a good initiative. But now we can see that the market is getting much better. So now I think it will be profitable if staking can be done. Now is the time to staking.

Not only stalking but also it would be better after snooping to make a decision before a good opportunity is missed and also taking a stand after seeing market conditions is a very good thing to do because it signifies that everyone is not in a hurry after hearing anything that other people say at this point. I personally also strongly believe that market conditions will begin to improve slowly which in the end will also be almost the same as last year.

MCobian

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Quote from: eaLiTy on July 07, 2022, 08:02:06 PM

Quote from: Iyeman on July 04, 2022, 12:08:10 PM

~
Staking is definitely better than holding long term and letting the investment did nothing, after all if it's waiting for the coin having value increase, staking could definitely helps make gain a little in term of the investment.
So basically it depends, if the investment is gonna be for long term holding, staking definitely makes a lot sense since it's just waiting.

If the project is worth anything in the future, then there is a point in holding the tokens and staking makes sense and majority of the projects offer long term staking options with good returns and considering the market situation and if you trust the team and the project and you are holding the coins for the long term, staking makes sense until the market recovers. I am staking a few tokens which i think would recover during the next rally.

Staking is still a way to make a reasonable profit in the crypto world, the most important thing is that we can choose trusted platforms for staking.
Then we can choose potential projects, which based on our research and analysis have a bright future. So why don't we try staking the coins,
indeed often the profit generated is not that big. But at least we are still better staking crypto than saving money in the bank. However,
when comparing staking to long-term holding, I prefer long-term holding. Because if we can choose the right coins for long-term holding,
the profit generated is much greater than what we get from staking. It would be even better if we did both, both staking and long-term holding,
we should have made a lot more profit.

rojan

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Quote from: Desmong on July 04, 2022, 08:49:21 AM

Staking can make lots of sense when the aim is to stake for a long period of time. Staking is the same thing like holding your coins but with interest and we have different types of staking depending on what we really interested in. There are staking for a year and there's are ones for 6 months, 3 months, amd one month depending on what we care about. I prefer staking my coins now that the market is down with better APR.

I think you have taken a good initiative. But now we can see that the market is getting much better. So now I think it will be profitable if staking can be done. Now is the time to staking.

eaLiTy

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Quote from: Iyeman on July 04, 2022, 12:08:10 PM

~
Staking is definitely better than holding long term and letting the investment did nothing, after all if it's waiting for the coin having value increase, staking could definitely helps make gain a little in term of the investment.
So basically it depends, if the investment is gonna be for long term holding, staking definitely makes a lot sense since it's just waiting.

If the project is worth anything in the future, then there is a point in holding the tokens and staking makes sense and majority of the projects offer long term staking options with good returns and considering the market situation and if you trust the team and the project and you are holding the coins for the long term, staking makes sense until the market recovers. I am staking a few tokens which i think would recover during the next rally.

CuriousGeorge

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Quote from: DeFi Doge on July 06, 2022, 07:36:34 AM

Staking allows to have passive income but it will allow to have the passive income only if project is useful and the price of the tokens will continue to grow in the future.

most of the time the earning from staking overshadowed by the inflation if it's a shit project. instead if it's staking coins like USDT it kinda requires big capital that it's only suited for the rich people.
regardless though the key of staking is having big capital and investing in rather famous coins like BNB that way you gonna have bigger chance of creating reward that didn't overshadowed by the volatility and also could earn quite of reward at the end of the day,
if it's low capital that being staked it kinda wastes a time.

Tony116

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Quote from: Baimovic on July 04, 2022, 06:24:01 PM

Quote from: SaveOurSea on July 04, 2022, 12:51:04 PM

staking is not a good thing, because in a bear market like this staking will make your capital run low, and even run out,
because staking only makes your coins more and more, but we must know that staking only gives us a few percent,
not up to hundred of percent. so better trade.

If we compare it with trading, it's better to make a profit but when we decide to invest long term then investing is the right step even though when the bear market arrives the value of the coins we hold decreases but we still get additional coins from staking the results we do are as long as the coin what we are staking is not shitcoin but coins that have a high rank and the potential for price increases is also fast even though the APY given is small but if we staking in large quantities then it can be passive income.

If you have knowledge, know technical analysis then you can try with day trading, it can bring profit quickly and if you are good it can help you to earn huge income.
For those who are inexperienced and do not have much knowledge about trading, they can choose to stake or hold for a long time which will keep them safe.
Trading, staking, and holding all will be profitable, the choice is up to you as long as it depends on your ability and pocket.

Dragonbite

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Quote from: DeFi Doge on July 06, 2022, 07:36:34 AM

Quote from: Impact_Women on June 30, 2022, 07:43:03 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 allows to have passive income but it will allow to have the passive income only if project is useful and the price of the tokens will continue to grow in the future.

Passive income attracts a lot of people to the cryptocurrency industry. But to earn on passive income it is necessary to invest money in the projects that are necessary for people and will continue to be in demand.

DeFi Doge

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Quote from: Bertyda on July 05, 2022, 11:00:35 AM

Quote from: Impact_Women on June 30, 2022, 07:43:03 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.

Not all the projects will be able to survive during the fall of the market, that is why fall of the market is very risky time for investment.

Staking allows to have passive income but it will allow to have the passive income only if project is useful and the price of the tokens will continue to grow in the future.

Bertyda

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Quote from: Corsac on July 04, 2022, 06:05:32 AM

Quote from: Impact_Women on June 30, 2022, 07:43:03 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 most important is to evaluate the potential of the coin especially during the falling market because not all the projects will be able to survive during the fall of the market.

Not all the projects will be able to survive during the fall of the market, that is why fall of the market is very risky time for investment.

KaliLinux

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Quote from: helloinox on July 04, 2022, 02:56:31 PM

Quote from: Iyeman on July 04, 2022, 12:08:10 PM

Quote from: Desmong on July 04, 2022, 08:49:21 AM

Staking can make lots of sense when the aim is to stake for a long period of time. Staking is the same thing like holding your coins but with interest and we have different types of staking depending on what we really interested in. There are staking for a year and there's are ones for 6 months, 3 months, amd one month depending on what we care about. I prefer staking my coins now that the market is down with better APR.

Staking is definitely better than holding long term and letting the investment did nothing, after all if it's waiting for the coin having value increase, staking could definitely helps make gain a little in term of the investment.
So basically it depends, if the investment is gonna be for long term holding, staking definitely makes a lot sense since it's just waiting.

But then you have to take into account that staking also carries risks. Sites you let it stake can get to problems over long term of staking. They might be too stupid and invest in a failed project and can not pay back your promise staking reward.

Yes this can be true and that is one of the things people get scared of the most in staking where the site can have whatever problem and you are unable to withdraw your crypto assets but some other sites like MyCointainer allows you to delegate coins to their nodes and earn rewards while your coins are still in your wallet.
In staking, I believe investors have to look at some parameters about the staking site beyond just the reward you will get and besides, if you aren't really a good trader then staking is the other good option while HODLing your assets for the long term.

Baimovic

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Quote from: SaveOurSea on July 04, 2022, 12:51:04 PM

staking is not a good thing, because in a bear market like this staking will make your capital run low, and even run out,
because staking only makes your coins more and more, but we must know that staking only gives us a few percent,
not up to hundred of percent. so better trade.

If we compare it with trading, it's better to make a profit but when we decide to invest long term then investing is the right step even though when the bear market arrives the value of the coins we hold decreases but we still get additional coins from staking the results we do are as long as the coin what we are staking is not shitcoin but coins that have a high rank and the potential for price increases is also fast even though the APY given is small but if we staking in large quantities then it can be passive income.

helloinox

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Quote from: Iyeman on July 04, 2022, 12:08:10 PM

Quote from: Desmong on July 04, 2022, 08:49:21 AM

Staking can make lots of sense when the aim is to stake for a long period of time. Staking is the same thing like holding your coins but with interest and we have different types of staking depending on what we really interested in. There are staking for a year and there's are ones for 6 months, 3 months, amd one month depending on what we care about. I prefer staking my coins now that the market is down with better APR.

Staking is definitely better than holding long term and letting the investment did nothing, after all if it's waiting for the coin having value increase, staking could definitely helps make gain a little in term of the investment.
So basically it depends, if the investment is gonna be for long term holding, staking definitely makes a lot sense since it's just waiting.

But then you have to take into account that staking also carries risks. Sites you let it stake can get to problems over long term of staking. They might be too stupid and invest in a failed project and can not pay back your promise staking reward.

SaveOurSea

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Quote from: Ketesnuko on April 06, 2022, 05:42:25 AM

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 is not a good thing, because in a bear market like this staking will make your capital run low, and even run out,
because staking only makes your coins more and more, but we must know that staking only gives us a few percent,
not up to hundred of percent. so better trade.

Iyeman

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Quote from: Desmong on July 04, 2022, 08:49:21 AM

Staking can make lots of sense when the aim is to stake for a long period of time. Staking is the same thing like holding your coins but with interest and we have different types of staking depending on what we really interested in. There are staking for a year and there's are ones for 6 months, 3 months, amd one month depending on what we care about. I prefer staking my coins now that the market is down with better APR.

Staking is definitely better than holding long term and letting the investment did nothing, after all if it's waiting for the coin having value increase, staking could definitely helps make gain a little in term of the investment.
So basically it depends, if the investment is gonna be for long term holding, staking definitely makes a lot sense since it's just waiting.

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