HODL vs Staking, What is the best strategy? - page 5.

electronicash

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Quote from: Ryker1 on August 31, 2021, 05:59:39 PM

Quote from: Sanitough on August 31, 2021, 05:28:39 PM

Quote from: Slow death on August 31, 2021, 03:57:02 PM

just imagine that:

1 - doing hodl means you are in full control of your money and you can withdraw anytime you need

2 - Staking, you are not in total control of your money, imagine that you need money urgently and try to withdraw but the site does not accept withdraw or disappears?

the best strategy and safer is without a doubt do hodl

Definitely, and you are in charge of your own coin because you are holding it and anytime when you see it pump, you can sell it. Staking is like putting your money in the bank and you don't control it anymore as you have to put it in their platform. Also, there's no assurance that the despite you earn more coins due to staking, its value will also rise in the long run, so better hold legit coins that you believe on its potential than staking it.

Well, in my opinion, --there are disadvantages and advantages to this.
Of course, don't stake on the exchange that does not have the credibility to hold your coins which means you can be assured that your fund is safe.
The number of your bitcoin will not grow if you are holding on to it while in staking, it will grow. But yes, it is good if you will hold your own coin and you have full control over it, and all you have to do is wait when the value will increase so that you can take your profit easily.

both have advantages. i have experience in both since 2017 i have been staking some tokens i have. one thing that i have regret in staking is that it could take days before you can unstake your holdings and then you can not sell when it's the best time to sell.

if i have to compare my earnings from trading than staking, trading could have given me more money. it's way more advantageous looking that way and hone my trading skills.

Ryker1

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Quote from: Sanitough on August 31, 2021, 05:28:39 PM

Quote from: Slow death on August 31, 2021, 03:57:02 PM

just imagine that:

1 - doing hodl means you are in full control of your money and you can withdraw anytime you need

2 - Staking, you are not in total control of your money, imagine that you need money urgently and try to withdraw but the site does not accept withdraw or disappears?

the best strategy and safer is without a doubt do hodl

Definitely, and you are in charge of your own coin because you are holding it and anytime when you see it pump, you can sell it. Staking is like putting your money in the bank and you don't control it anymore as you have to put it in their platform. Also, there's no assurance that the despite you earn more coins due to staking, its value will also rise in the long run, so better hold legit coins that you believe on its potential than staking it.

Well, in my opinion, --there are disadvantages and advantages to this.
Of course, don't stake on the exchange that does not have the credibility to hold your coins which means you can be assured that your fund is safe.
The number of your bitcoin will not grow if you are holding on to it while in staking, it will grow. But yes, it is good if you will hold your own coin and you have full control over it, and all you have to do is wait when the value will increase so that you can take your profit easily.

shield132

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Quote from: shasif on April 30, 2021, 06:46:04 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!

I think you are a little bit mistaken. When you hold coin, it means that you just hold it in your own wallet or on exchange and when you stack them, it means that you add your coins in the pool and just wait for the reward while holding at the same time. I.E. the difference is that in first case you just hold and on second one - you hold + get additional reward.

For example, Binance has Launchpad platform where you can stake your coins like BUSD, BNB and get reward every hour + you are able to withdraw your coins anytime you wish. There are also locked stacking and DeFi stackings. You can find more information there - https://www.binance.com/en/pos

Sanitough

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Quote from: Slow death on August 31, 2021, 03:57:02 PM

just imagine that:

1 - doing hodl means you are in full control of your money and you can withdraw anytime you need

2 - Staking, you are not in total control of your money, imagine that you need money urgently and try to withdraw but the site does not accept withdraw or disappears?

the best strategy and safer is without a doubt do hodl

Definitely, and you are in charge of your own coin because you are holding it and anytime when you see it pump, you can sell it. Staking is like putting your money in the bank and you don't control it anymore as you have to put it in their platform. Also, there's no assurance that the despite you earn more coins due to staking, its value will also rise in the long run, so better hold legit coins that you believe on its potential than staking it.

adzino

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Quote from: shasif on April 30, 2021, 06:46:04 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!

Not safe. Even if its a very well known platform, it is still not safe. You give away your bitcoins to those platform and in return they give you a very small interest/profit. Not worth the risk at all. Remember, not your keys, not your coins. If the platform ever gets hacked, you will lose all your coins. When the platform is out of service, you won't be able to access your coins. If you still want to stake, then look at ADA (Cardano). Its easy to stake cardano using Daedalus or Yoroi wallet (this one is light weight, browser extension).

Slow death

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just imagine that:

1 - doing hodl means you are in full control of your money and you can withdraw anytime you need

2 - Staking, you are not in total control of your money, imagine that you need money urgently and try to withdraw but the site does not accept withdraw or disappears?

the best strategy and safer is without a doubt do hodl

imstillthebest

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you asked many times and yet didnt get a direct answer ? but i think i can also respond the same because i believe that staking may not work in btc .
staking may not also work in majority of altcoins but staking coins can be available only to some specific altcoins and tokens .
if you have a btc theres no need to deposit it somewhere because that is risky but holding it alone can already give you profits .

zanezane

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Quote from: ?? on ??

I still prefer Hodl strategy. But do not delay it, you need to sell bitcoin on time.

How can you exactly know when you're going to sell your bitcoin, it's not like there's a warning that it's the highest peak for a certain period of time so it's difficult to know when to sell, the best thing that we should do is to know when you're going to sell those bitcoin. I am not familiar with staking though so I am more on hodling.

dimonstration

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Quote from: Assface16678 on August 31, 2021, 08:07:32 AM

Staking's much better because if I am right, you're also hodling there but the only difference is that you're making some profit while still hodling so I think that it's much better than hodling although if you're on a safe play stance then you will probably want to go to the hodling route.

It will depend on the project or coin we are staking. It is good to have options though. Whether to stake or just to hold. I also do staking sometimes but if Im not sure yet I prefer to hold it or when I see some friends who already stake in it I tried to do it on a limited time only.

LogitechMouse

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Quote from: shasif on April 30, 2021, 06:46:04 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?

There is no direct staking when it regards to Bitcoin but there are some apps that are giving you yearly dividends just by putting your Bitcoins into their app.
Apps such as Crypto.com, Nexo, BlockFi are some of them. They are quite legit TBH but there is this risk still because anytime they can just run away with your money. I'm not saying that they are doing it but there is still a 0.0001% chance if they want to. I'm holding Bitcoin but I'm not staking it into these apps.

Now when it comes to HODL vs. staking, why not do both

.
You can HODL some of the top coins out there like BNB, ETH, ADA and many more and while holding it, you can stake it in their respective platforms to gain some profits annually. I personally like Staking and I'm staking some coins but there are some of my coins that are just holding it and not staking.

Ararbermas

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For what i know when it comes staking you can get massive profits as well but it depends what are the percentage where did you stake your money, correct me if i'm because i dont have any experience in such way to be honest wherein i just saw it in youtube when someone staking from another platform. But if it's true and i will choose which is the best way, perhaps the most profitable is holding because you can obtain a masive return especially the coin you pick to hold is keep surging and breaking all time high values . And by the way i remember that the percentage of profits from staking is just estimated and they said that there's a changes depends the situation..

Assface16678

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Staking's much better because if I am right, you're also hodling there but the only difference is that you're making some profit while still hodling so I think that it's much better than hodling although if you're on a safe play stance then you will probably want to go to the hodling route.

michellee

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Quote from: shasif on April 30, 2021, 06:46:04 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!

Yes, I heard that, especially in the exchange because Binance uses it to attract their members to earn some satoshi. I suggest you not use too big satoshi to staking your bitcoin, especially if you can not wait for some time to get decent rewards. You can use the other things to earn more satoshis. You can try it by yourself to know more about bitcoin staking. You can also use Cro wallet to staking your bitcoin.

rodskee

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Quote from: shasif on April 30, 2021, 06:46:04 AM

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

this proves that you are not really into something that you will believing because asking many times yet not contented in the answers meaning you will never be satisfied.
remember that the longer you are asking is the lessen chances to make money you gain.
just forget staking instead Buy and Hold.
but if you are truly interested , Binance is offering multiple staking just visit and create account https://www.binance.com/en/my/wallet/account/main so you'll find what you might got interested.

lepbagong

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Quote from: Rkss4 on May 01, 2021, 05:47:24 PM

Hold or staking both are suitable but I prefer staking rather than hold . If you want to invest in Ethereum and bitcoin then you should keep it with apy% in different staking period. You can get benifits and Profits if market continuing to improve.

in principle, both are actually quite good and very profitable, it's just a matter of how we can be more sure whether they are both good. it could be that the funds we have are divided in half for Hold and Staking. if the funds are not a lot maybe staking is better, but there is always a risk but if hold is clear there is nothing to be afraid of because in time it will increase more than we hold it.

Quote from: Lorence.xD on May 05, 2021, 07:26:57 AM

I wanted to stake some coins too, the problem is that I am still hodling my bitcoin and I don't want to spend it yet because if I want to stake, I should at the least get a decent amount in it so I can get bigger profits.

If bitcoin is clear that everything is very profitable, it's just a matter of minimizing the risk that we will get, because holding bitcoin for a long period of time (halving every 4 years) actually requires large funds which we need because of the long period of time, but it can be done in a different way. staking or day trading, which may be risky but with clear hold there is no risk and new ATH will always be formed

Lorence.xD

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Quote from: Rkss4 on May 01, 2021, 05:47:24 PM

Hold or staking both are suitable but I prefer staking rather than hold . If you want to invest in Ethereum and bitcoin then you should keep it with apy% in different staking period. You can get benifits and Profits if market continuing to improve.

I wanted to stake some coins too, the problem is that I am still hodling my bitcoin and I don't want to spend it yet because if I want to stake, I should at the least get a decent amount in it so I can get bigger profits.

elisabetheva

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Quote from: Obito on April 30, 2021, 06:49:38 AM

If the project is promising and has a potential then staking is the better option because you are hodling their tokens while at the same time earning out of it, but if in general hodling is the best strategy although the profit you will get out of it is what you are currently hodling.

agree, if what will be done is staking and indeed the coins are indeed potential because what you get from staking is quite irresistible. but if there is no potential coin, the fear is that on the way we may not know what will happen to the coins we staked.

I also agree with you, it's better if you just keep it in your wallet waiting if the coin is in trouble, we can take quicker action so as not to get a big loss. but it is indeed better to do day trading which is currently really profitable because bitcoin is in a very active movement.

skpanchal

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The definition of holding (or flying a hold) in aviation field means some manoeuvres of aircraft before the landing. Incoming aircraft must sometimes be stacked when an aircraft which has arrived at their destination but cannot land yet because of the traffic congestion, poor weather, or runway unavailability

OcTradism

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Hodl and staking, they are related to your investment plans. Don't lock your coins in pools and stake or farm it if you don't have plans that when you will take profits.

Staking or farming will increase numbers of coins you have but price can soar or plummet in the time you lock your coins in pools.

If price soars and reaches the target price at which you plan to take profit, you can sacrifice your rewards from staking, farming and take profit with initial coins.

If price plummets, you must hold your coins (initial and rewarded) and wait for rally or new high prices to take profits.

Sum up: Plans, time and patience are elements.

EiKaGlaShPriSAThWEl

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Quote from: Obito on April 30, 2021, 06:49:38 AM

If the project is promising and has a potential then staking is the better option because you are hodling their tokens while at the same time earning out of it, but if in general hodling is the best strategy although the profit you will get out of it is what you are currently hodling.

I agree. I have tried staking before. I got attracted because the coin price rises from its very low price up to $60 I think (can't exactly remember). After I bought the price keeps going down so as the price of Bitcoin. I keep calm then I keep on staking, I think my staking last for a year until I finally can't open the website anymore. I lost all the coins and earnings I've got on staking. I know it is also my fault because I did not pay attention to it that is why I missed selling it before it's too late.
Hodling is good but you need patience for it.

Topic: HODL vs Staking, What is the best strategy? - page 5. (Read 1034 times)