HODL vs Staking, What is the best strategy? - page 4.

Oilacris

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Activity: 2996

Merit: 609

Quote from: TheGreatPython on September 02, 2021, 01:24:33 PM

Quote from: Desmong on September 01, 2021, 06:24:24 PM

Staking is another way to earn passive income while holding your coin. You need to know that not all crypto that do staking. Some does do staking so you need to do appropriate research on cryptocurrency that conduct staking for there investing to earn while holding. Staking can also be dangerous cause if eventually the site got hacked, all coins will be lost leading to bad luck that's why we should not put all our eggs in one basket.

I stake coins within the Exodus wallet and seems pretty safe but I cannot recommend anyone else to do the same because while I have a small number of coins I am staking, I don't want people to stake huge amounts. You cannot stake bitcoins either in the exodus wallet so it doesn't matter too much for bitcoin investors. To me, the logic is simple. If you have a mammoth amount of holdings, just hold them tight. If you have small amounts and not looking for future value, just stake them and earn some free extra coins.

I have some small amounts of several coins in my wallet but i dont tend to make out some staking and i would rather prefer on gaining up some profits in just holding it rather than getting APY which isnt
really worth the risk.

Well, we do have different mindset or approach towards staking but ever since i dont really find out for this thing to be interesting nor really worth but surprisingly there are people who
do really consider on dealing with these.

Choosing in between two then its up to someone on how much risk they could handle out.

yon122

newbie

Activity: 12

Merit: 0

Have you ever heard of phantom, a pretty prominent name in today's cryptocurrency projects, with a strong development team and very good strategy, I am sure this project will be very successful in the future. hybrid

Phantom is a DeFi platform with a Cross-chain protocol, allowing the creation of synthetic assets (Synthetic assets), denoted pAsset in a decentralized manner.

Phantom users can generate pAssets through depositing collateral, opening positions, and then generating corresponding pAssets that mimic the behavior of real-world asset prices (commodities, stocks, etc.)
This way, traders around the world can trade an asset on the blockchain with open and transparent pricing. In essence, pAssets allow traders to participate in assets without actually owning them.
you can rếarch more about project here:
link telegram of project: https://t.me/PhantomProtocol
link twitter: https://twitter.com/phantomdefi/status/1433009401648975885?s=21

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: Desmong on September 01, 2021, 06:24:24 PM

Staking is another way to earn passive income while holding your coin. You need to know that not all crypto that do staking. Some does do staking so you need to do appropriate research on cryptocurrency that conduct staking for there investing to earn while holding. Staking can also be dangerous cause if eventually the site got hacked, all coins will be lost leading to bad luck that's why we should not put all our eggs in one basket.

I stake coins within the Exodus wallet and seems pretty safe but I cannot recommend anyone else to do the same because while I have a small number of coins I am staking, I don't want people to stake huge amounts. You cannot stake bitcoins either in the exodus wallet so it doesn't matter too much for bitcoin investors. To me, the logic is simple. If you have a mammoth amount of holdings, just hold them tight. If you have small amounts and not looking for future value, just stake them and earn some free extra coins.

Kiley33

member

Activity: 168

Merit: 19

Holds and stakes are the same.
If you are not adventurous, you have always held it. Holding will also benefit.
You have good investment ideas and skills, and you can make bets. In this way, you will gain more, but you must also have the courage to take risks.
Not every bet will win.

Kimonoe

member

Activity: 700

Merit: 10

I think both are good. Staking will increase the number of our coins, but it is bound by the time of the agreement, so we cannot sell it at any time. different from holding, where we can sell it at any time but the coins do not increase. and the advantage is that when the price rallies, we can immediately sell it without being bound by time

Emitdama

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Activity: 1924

Merit: 328

Quote from: ?? on ??

Of course staking is more profitable than holding. what I know is that there is no bitcoin staking, staking is usually done by coins to test the system's resilience, the effectiveness of the blockchain network, I follow some staking such as Cardano, ANKR, SERUM and Mina.

No doubt, active investment (staking) is better than passive investment (hodl) but there are problems with active investments. You need to ensure that the website or platform that's staking the coins for you is not a Ponzi or some other kind of scam. There's technically no way to stake Bitcoins but there are sites offering interest on your holdings. If I'm not wrong, crypto(.com) does something like that.

I don't really understand the logic of earning a few extra dollars on your precious Bitcoins when you can just lock them in a safe wallet and avoid getting scammed. I haven't been into staking much but from what I understand, if you stake your coins, you don't have the private keys under your control. No keys mean you technically don't own the coins.

Desmong

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Crypto bookmaker and casino

Quote from: shasif on April 30, 2021, 05:46:04 AM

Do you guys ever hear about holding bitcoin in staking platform?

If yes, can you give any advice to stake bitcoin on staking platform?

I've been asking for many times about it, but I need proof experience of you. Please share below!

Staking is another way to earn passive income while holding your coin. You need to know that not all crypto that do staking. Some does do staking so you need to do appropriate research on cryptocurrency that conduct staking for there investing to earn while holding. Staking can also be dangerous cause if eventually the site got hacked, all coins will be lost leading to bad luck that's why we should not put all our eggs in one basket.

marine4u

full member

Activity: 673

Merit: 106

My view is that both Hodl and staking are very important bridge-building methods for market returns. Staking is somewhat advantageous to the trend this year but I am biased and prefer hodl. Hodl is still the most basic to give a good advantage.
The most important thing for staking is a suitable and reliable platform. I cannot trust CEX to bet long term. Defi is good but the risk is still quite big, like Rune happened

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

With staking you are guaranteed a certain amount of earning in a timely manner (however how small it is) depending on the offer period, holding on the other hand don't attract any timely earnings, rather you need to exercise patience for your target price to hit before selling, they are both different and subjective to different people.

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

HODL and STAKING are different strategies used to get higher ROI. Each strategy has its own fundamentals which make them more beneficial to crypto enthusiasts.

HOLDing requires a certain amount of funds in the wallet which gives returns after only price increases.

Rather in staking users have to stake a certain amount of particular tokens according to minimum requirements, which generate tokens for investors, which can be traded to receive profits.

Nowadays Yield Farming and Staking are growing exponentially in the DEFI space.

jakdanyel

sr. member

Activity: 1666

Merit: 304

kycfree

Everybody has their own strategies. There is no certain thing like HODL is better than staking or vice versa. However, my choice is always to HODL in this case. Because to make a lot of money in staking, you need to stake a very high amount of money. Otherwise, you would get nearly nothing. But it is not the same for HODLing. Of course, the more the money, the more your profit becomes. But after HODLing for a long time, you can have a chance to double, triple etc. your investment. This is so profitable way for me.

MoneyJ

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Activity: 1022

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GoMeat - Digitalizing Meat Stores - ICO

The better strategy to profit is Staking . HODL only denotes speculation and have a higher risk. There are more blockchain applications that are into proof-of-staking consensus algorithm. Staking has evolved to more interesting concepts like yield farming and liquidity mining. These are Defi implementations that can have a big impact in the world of finance.

xPPx

sr. member

Activity: 531

Merit: 250

Delegating would be the best option. Noncustodial and you keep control of your funds at all times.

I have created a Cardano pool last month. If any of you would like to delegate to a small pool operator, my Cardano Stake Pool has 126k delegated. I pledged 100k.

Pool: Prophet

Ticker: XPPX

Here’s a helpful guide, LiveView, and some stats:

https://youtu.be/zgbauu4ifWA

https://pool.vet/#Xppx

https://adapools.org/pool/5693aa7edfe81d12c9062bbe7b7c0b314b9665c6b3cd426152108347

If anyone would like some NFTs created by the Cardano SPO community, inbox me your address here, or on Twitter. All that I request is that you have delegated to me for a month. Below are a couple that I will be sending out. Also, these will all come with 2ADA. I dunno why. It’s just how it works since these were minted before Cardano smart contracts went live. Thanks in advance!

https://pool.pm/stake1uyy93axth2t74fjp2jucg9axxr9un9kzty986t8dsnwlhyg77l4rv

https://www.twitter.com/xPR0PH3Tx

[XPPX] 💚 Stake Increased

+105 ADA

🤵 Delegators: 20
🌲 Live Stake: 126.80k
🏋️‍♂️ Saturation: 0%

💁‍♀️ More info: ADApools.org/XPPX

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: ?? on ??

Of course staking is more profitable than holding. what I know is that there is no bitcoin staking, staking is usually done by coins to test the system's resilience, the effectiveness of the blockchain network, I follow some staking such as Cardano, ANKR, SERUM and Mina.

But the problem in staking is how to find a safe place to make it done , because there are offers in which in the end comes out becoming scams and all your hard earned finds will gone nothing.

Quote from: Wong Gendheng on September 01, 2021, 02:52:46 AM

Crypto staking is the activity of earning passive income from crypto assets without being exposed to the direct risks, which usually arise when trading. However, crypto asset collectors rarely realize that crypto staking can be done on various platforms such as Staking Services, cold wallets, DeFi and so on. For those who have large capital of course this is very good because the factor that makes staking effective is the amount of crypto owned.

and just can be done in exchange we trust for long like Binance and other legit one.

Nunoluck

full member

Activity: 452

Merit: 101

I never know that there is staking in Bitcoin. Maybe what you mean is minning or investing. But I will try to explain my strategy. Usually I only holding bitcoin, based on my experience I holding bitcoin for 3-6 month before I sell it. I wait the bullish market trend then sell my BTC usually I can get more than 300%, so it's depend on the price fluctuation. If what you mean by staking is investing for long term then I will looking for investment where I can withdraw my btc after 3-6 month. So I buy btc at bearish market then invest it for 3-6 month, when it is close to bullish market then I will withdraw it. The problem is it is not easy to find trusted company, but if the company is legalized by governments then it is okay. Investing our btc means that we loss our control of our btc, so trusted company is the most important thing.

Pamadar

legendary

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Quote from: Wong Gendheng on September 01, 2021, 02:52:46 AM

Crypto staking is the activity of earning passive income from crypto assets without being exposed to the direct risks, which usually arise when trading.

There's still risk when the value of your chosen coin decreased, it's passive in terms of the asset since it's gaining staking rewards.

Quote

However, crypto asset collectors rarely realize that crypto staking can be done on various platforms such as Staking Services, cold wallets, DeFi and so on.

It's up to your good research where to place your investment. Always trust your own insticnt when you are dealing in this business.

Quote

For those who have large capital of course this is very good because the factor that makes staking effective is the amount of crypto owned.

Good point! staking rewards demands high amount of investment when you are really aiming to earned decent amount of money.

Wong Gendheng

sr. member

Activity: 1428

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Crypto staking is the activity of earning passive income from crypto assets without being exposed to the direct risks, which usually arise when trading. However, crypto asset collectors rarely realize that crypto staking can be done on various platforms such as Staking Services, cold wallets, DeFi and so on. For those who have large capital of course this is very good because the factor that makes staking effective is the amount of crypto owned.

witcher_sense

legendary

Activity: 2478

Merit: 4419

🔐BitcoinMessage.Tools🔑

The way I understand it, both strategies are pretty similar except that staking offers you a profit in terms of the number of tokens while hodling usually means you are patiently waiting for the price of the token to naturally increase due to actions on the market. It is important to emphasize that hodling usually works only with cryptocurrencies that have proven many times their ability to resist any kinds of attacks, for example, cyber attack, 51% attack, FUD, an attack from hostile regulators. The only cryptocurrency I can think of, that, so far, has been resilient to everything I enumerated above is Bitcoin. Therefore, when people ask what the better strategy is, they usually mean they haven't yet decided whether they want to hodl a strong cryptocurrency such as bitcoin or take a risk to stake a cryptocurrency that haven't proved nothing. Anyway, the vast majority of altcoins (99.999%) are centralized, being run by a team of founders, which means you can't really hodl them because you can be easily deprived of your currency or, they can gradually debase it via uncontrolled inflation, which essentially makes hodling useless.

Chato1977

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Quote from: ?? on ??

Quote from: lumierre on August 31, 2021, 11:00:28 PM

Quote from: shasif on April 30, 2021, 05:46:04 AM

Do you guys ever hear about holding bitcoin in staking platform?

If yes, can you give any advice to stake bitcoin on staking platform?

I've been asking for many times about it, but I need proof experience of you. Please share below!

Of course I would rather choose staking as when you are just holding you earn only on changing of price, but when you are staking you are also getting interests. On the other hand, you can't’ trust all platforms. That is why you should deposit your Bitcoin only on platforms that have a big TVL and are familiar to everybody. If you don't like risks you should continue holding.

Staking is a trend nowadays, I've followed some staking but unfortunately I lost and I'm also busy working so I prefer to hold, maybe not as big as staking but I think holding is safer than staking.

what is the difference of staking and holding ? lol you need to hold when you stake your funds so if you handle holding then you can also handle staking.
thjis only proves that you are just shitting here lol.

lumierre

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Quote from: shasif on April 30, 2021, 05:46:04 AM

Do you guys ever hear about holding bitcoin in staking platform?

If yes, can you give any advice to stake bitcoin on staking platform?

I've been asking for many times about it, but I need proof experience of you. Please share below!

Of course I would rather choose staking as when you are just holding you earn only on changing of price, but when you are staking you are also getting interests. On the other hand, you can't’ trust all platforms. That is why you should deposit your Bitcoin only on platforms that have a big TVL and are familiar to everybody. If you don't like risks you should continue holding.

Topic: HODL vs Staking, What is the best strategy? - page 4. (Read 1117 times)