HODL vs Staking, What is the best strategy? - page 6.

Yamifoud

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Quote from: JeromeTash on May 01, 2021, 05:53:49 PM

The main reason you probably liked buying or acquiring Bitcoin is because of it's decentralized nature and the way it has gained value over the past 10 years. Now why would you throw up the two good things about bitcoin in exchange for very little APY and the risk of storing it in a centralized staking platform?

I don't think staking is a smart move. Buy Bitcoin dip and sell whenever the price is high and see if you will remain the same person thinking about staking.

Partly yes, unless if we are staking to the banks. But since we are in crypto, I agree that holding is the best option especially when we are aiming for a long-term investment. Not only we got get assurance for a profit by holding but it also lessens the risk since we are in control of our funds, which will be an advantage.

@OP, you should think about the risk to both of them. I suggest that not only consider the amount you get but think about which one good gives you safety coz I know that all of these strategies give you a profit.

JeromeTash

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The main reason you probably liked buying or acquiring Bitcoin is because of it's decentralized nature and the way it has gained value over the past 10 years. Now why would you throw up the two good things about bitcoin in exchange for very little APY and the risk of storing it in a centralized staking platform?

I don't think staking is a smart move. Buy Bitcoin dip and sell whenever the price is high and see if you will remain the same person thinking about staking.

BitcoinGirl.Club

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When you are staking aren't you sending your coin to a pool or something which means you have not control over the coin unless you withdrawing it. There are no staking for Bitcoin, if you hold the key, you are the owner of the coin. However for some altcoin those have staking rewards are might look good that you are earning some money but it's still risky because untill the coins are back to your own wallet you actually do not own the coins.

If you are in bitcoin then just hold!

Quote from: fiulpro on April 30, 2021, 02:26:16 PM

Staking is not for everyone. If I remember correctly I do think that you do need a minimum balance to do that. Therefore people without that minimum about of bitcoins cannot participate in that section entirely.

In bitcoin there are no staking. It's proof of work. Maybe you are talking about ETH. I guess it's minimum 32 ETH.

Rkss4

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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.

verita1

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I like both crypto investment alternatives Hodl and Staking. There are other ways to earn in crypto that I have not yet ventured as they say is the future of decentralized banking, DeFi.
IMO, it was a quick response to investors benefiting both parties to projects and coins as well as holders.
It is definitely better to invest in crypto than to leave the money in the bank.

pixie85

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If they make staking possible on non-custodial wallets it's going to be a good idea to stake some. If you have to put it on some platform where they can do with your coins whatever they like then it's only for those willing to risk a lot to gain a little. Are you one of those people?

When you hold you have full security of your funds and they gain some value over time. For now it's probably over 100% a year if you look at the last 10 years of bitcoin.
Staking on a private platform will give you additional 10% a year but at a risk of losing everything. Is 100% a year better or maybe you prefer a coin toss at 110% or nothing?

blockman

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Quote from: CaVO32 on April 30, 2021, 06:41:50 PM

Quote from: blockman on April 30, 2021, 02:56:44 PM

They are attracting you to deposit bitcoin to exchanges and have it on their platform being staked but it's not really staking. You lend it to them.
But what if they get hacked and they announce and most deposits can no longer be refunded because all of them are affected?
Just HODL it without any problem if it's for bitcoin and for some reputable wallets, allows you to stake altcoins.

Yes, not staking but just like in Binance, you can transfer your btc to flexible savings, so it is earning interest on their platform. However, if you will send your funds to gain interest, make sure the platform is very trustworthy like binance. Because even if they will be hacked, they have SAFU. So you have insurance with your funds. Other exchanges offering this kind of service, you need to be careful as you have no assurance that your funds will be returned safely once you decided to get out your funds or someone hacked their platform.

Yes, just as said, it's like you lend it to them. That's true, if you're going to go with this type of feature, choosing the best platform that has a good track record and very reliable.
Binance has been tested by a hack and they've refunded the funds and made sure that no one was affected.

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Quote from: Beparanf on May 01, 2021, 10:01:50 AM

Quote from: isaac_clarke22 on May 01, 2021, 09:56:51 AM

Never heard of one. You could just be better of mining if you're looking for the same thing, but investing in your own rig could prove quite costly.

Hodl strategy is your safe strategy without risking of losing your capital.

In layman term, Staking is locking your coin into a smart contract and received a reward for holding. Simply holding with reward. In staking, You can't move your token immediately for a period of time which is the common cons of staking to limit the user on dumping. Staking is much better than plain hodling alone since you don't have any interest earned compared to staking while you are doing same way.

The thing is when we do stake our coin on the third-party platform, we lose access to the address unless given permission by the staking platform. The risk of losing our Bitcoin is much greater than just plain holding it. In terms of profit, Staking is a better strategy but in terms of security, holding is the better one.

Vatimins

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I myself, never heard of anything regarding things like bitcoin staking let alone a platform that offers such service for bitcoins. But if you mean alts, then there are quite a few out there which are quite good. Staking will always win if you make people choose since you gain a lot more with staking than by just hodling. But still, it depends on the platform and the coin itself that you are staking which is why a thorough research about your investments or investment plans is a must. Good luck op.

OnurGalatasaray

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You can't stake Bitcoin, only mine it. Bitcoin is PoW.

repear7

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I think staking, Because, You will get staking reward and staking also a type of hold. If you hold a coin in your wallet, Then you have to wait for price increase. If increase, Then you will get profit from one side.
And if you stake a coin, You will get profit from two side. One is staking reward and one for increasing price of that coin.

cabron

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Youre not going to consider holding Bitcoin as if it's staking when the bear market begins. I don't think you will be earning satoshis by just holding. If you intend to earn something while you stake then you just have to pick an altcoin not BTC.

There are hundreds of these POS tokens you can choose from, two of the top ones are ADA and Polkadot. Learn more about their staking terms though, there is a catch to it.

BChydro

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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?

Just forget about risking your coins by trusting a third party. We are here in the cryptocurrency market so that we do not need to trust a third party in holding our coins and there is no point in risking all your coins for a few coins and we have seen many exchanges dying in front of our eyes loosing billions of dollars worth of coins in the short period and anyone with sense will not risk doing that.

That said i have staked coins in the past but it wont be huge amounts and i will never trade bitcoin for other coins no matter how profit a third party is willing to provide.

Beparanf

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Quote from: isaac_clarke22 on May 01, 2021, 09:56:51 AM

Never heard of one. You could just be better of mining if you're looking for the same thing, but investing in your own rig could prove quite costly.

Hodl strategy is your safe strategy without risking of losing your capital.

In layman term, Staking is locking your coin into a smart contract and received a reward for holding. Simply holding with reward. In staking, You can't move your token immediately for a period of time which is the common cons of staking to limit the user on dumping. Staking is much better than plain hodling alone since you don't have any interest earned compared to staking while you are doing same way.

isaac_clarke22

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Never heard of one. You could just be better of mining if you're looking for the same thing, but investing in your own rig could prove quite costly.

Hodl strategy is your safe strategy without risking of losing your capital.

There is still day trading if you're curious as well, but I wouldn't suggest taking that strategy as a newbie though.

Sanugarid

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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!

Staking is like holding but earning a profit or a token that will have a market value in the future. It may be annually or monthly depends on the terms of the project you were staking at but make sure that the project is promising and legit at the same time. Staking is good like you'll earn a reward in a form of a token or something while doing nothing at all.

ampu

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Staking is profitable but there is a risk that you will lose money when the protocol in which you are staking the property is attacked. Staking Bitcoin in DEFI or CEFI is risky so it's best to hold your Bitcoin yourself. The profit from staking just a few percent is not worth risking your entire money.

pooya87

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Quote from: CaVO32 on April 30, 2021, 06:41:50 PM

However, if you will send your funds to gain interest, make sure the platform is very trustworthy like binance.

All the exchanges that got hacked and died or scammed their users and ran away were very trustworthy at the time and people were using them a lot. If you could find the historical ranking of exchanges the top 5 with massive volumes change every couple of years.

Kong Hey Pakboy

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Quote from: helevela on April 30, 2021, 07:46:58 PM

Staking and hodl are very different things. While hodl, you invest money in something that has value, keep it for a while to be valued, you believe it will be valued. Staking is yet to be struggling for something worthless. and it's totally like a surprise egg.

Staking is a good way to make some money while hodling something although that really depends if the project is a worthwhile endeavor to stake in so you are right by comparing staking to a surprise, you never know what you may get but you know that when it is a positive one, it is going to be a big one.

helevela

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Staking and hodl are very different things. While hodl, you invest money in something that has value, keep it for a while to be valued, you believe it will be valued. Staking is yet to be struggling for something worthless. and it's totally like a surprise egg.

Topic: HODL vs Staking, What is the best strategy? - page 6. (Read 1034 times)