Topic: HODL vs Staking, What is the best strategy? - page 7. (Read 1034 times)

Neither you need to trust them. Because for me, I don't after such pity amount to gain from staking compared to the risk and the possible amount that you able to lose if there is something bad will happen. If we wanted to grow our money with less risk, much better to invest it in conventional business or in real estate in which we are in the fullest control of our money.

Hodling and Staking are both effective strategies to earn cryptos. Both works very well but, the degree of freedom and level of increase on the amount of bitcoin being used for either purpose aren't the same.

Hodling and Staking are very similar in the sense that, both involves you stalking coin for sometime. While, price is left to act on its valu. In,

Hodling: you stalk your coins without any restrictions, no lomitation as to how long and it could be done either in a custodial wallet or non custodial wallet depending on where your coin is stalked.

In Staking, its usually done using a custodial wallet and there are degrees of freedom to it. Your coin  would be locked for a defined period of time and won't be released until the time agreed upon meanwhile, your given some percentage as incentive on your staked coin. Mean while, price is still left to play its part on the coin value.

The dangers to it:

Staking limits your rights to withdrawal of your staked
Staking exposes you to same threat as the custodial wallet itself

Hodling, your at liberty to do as you please with your token
The only threat here is your personal activities and exposure of privacy details.

Edge to one over the other

Staking combines both price and interest on staked coins to add to its value while,
Hodling depends only on market price for its value
Hodling gives you complete control over stalked coin while,
Staking gives you limited access based on agreed or locked period.

staking can be an alternative to getting passive income from crypto. By staking it means that we are also holding on to third party platforms or wallets and cannot use them for a certain period. if you choose this method we must really choose a trusted platform because we indirectly entrust assets there.
while holding is safer because we store it in our wallets, without a third party, but we don't get "interest".
both have advantages and disadvantages, if the platform is trustworthy then it can be a good choice.

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.

HODLing is always a "go-for-it" thing for me. I don't think that staking would be more profitable than HODLing in the long run. Because the projects for staking are not always good. You accumulate tokens of a project but if it turns out to be a worthless one, then all of the staking thing will be in vain.

I never heard that there is a platform that offer staking bitcoin. Just some altcoin that can offer staking feature and most of them using ETH blockchain. Bitcoin can only be used as an investment place it means a holding place or trading place. You can use hardware wallet as your holding strategy and you can choose an exchange as a place for trading.

And if I compare the return for staking feature and holding bitcoin then I'll be prefer to choose holding bitcoin. Yeah, that is a promissing strategy than other strategy, especially when you hold it for long term investment and you bought it at the very low price then yeah the profit that you will be high as well.

Better hold on yourself and make gains in the convenience of your own wallet and having the confidence that you wont be losing your coins as long you do keep your PK safe.
When staking then you do need to deposit those coins into third party which i dont see for it to be worth for the risk on just gaining a little amount on a specific time.
Just like what others mention then i would rather held it to myself than to risk it because you are aiming for some penny gains in a years time.
It isnt worth and better hold it off into your own wallet and earn for yourself where you can pull those profits anytime.

Well, if this staking or even holding were involved the third party to hold your fund, that is not a good idea. You can not trust anyone to hold your fund except you, you can hold and stake at your own. Holding at yourself and staking it at the same time, you will make a profit on it. Holding your volatile asset is the safest way to gain profit, but the problem is, there is no time frame when you have your own profit.
There are too many staking projects as of now but I won't trust new projects to diversify my bitcoin.

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.

Pretty much aware about stake and this had been some interesting stuff but mostly for noobs who do mind off about some easy money or passive income but if we do know on how to make out some
calculations then its no question that you would find these things to be not appealing at all.

Yeah you can stake out some bitcoins into other platforms but the question is, would you be willing to store up those coins of a long time lock-in period?
Always take consideration that you would leave those coins in the hands of the platform which means you dont have the keys in case they become
scam then say goodbye to your coins.

Also, if we do talk about price increase in percentage per year then simply holding your coins would already give out that probability.

Staking is best imo, with Staking you stand a chance to earn more reward from the staked token, whereas, when holding you don't get extra reward for HODling your wallet balance will remain same from the beginning to end of HODling,
Staking is another way of earning passive income if you have a good amount to stake and depending on the Staking benefit of the project.

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.

Now when we are talking about Holding, ofc even if you have 1$ or 1000$ you can hold without any regulations wherever you want. I do find that even though staking does give you a considerable amount of money but it's not even comparable to what you would earn though holding bitcoins.

Due to the fluidity and fluctuations in the market recently, I would definitely go for holding for short term and then again buying, which inturn would convert into holding for the long term. The profits I would earn I would continue to put in btc and hold for 2-3 years only to buy again! Well then again it's a personal choice.

You're way better hodling or staking for yourself.

For the latter, you should pick coins that are actually valuable; one that can actually appreciate in value over time and not just one time, big time released coins that would be left to the dust by the developers after it goes live on exchanges.

For bitcoin, you need not the help of "staking platforms" in order to keep your coins and let it work for you. It appreciates in value over time (for most of the time), and assuming you are here for the long term, you will be getting a lot of $ in the future if you just let your coins sit on your wallet. By doing so, you do not run the risk of having your coins be taken away from you due to unforeseen hacks that exchanges face every now and then.

risking bitcoin for other altcoins? isn't that too much. although it looks comparable to what it gets. but I will choose to store Bitcoin. because as far as I'm concerned, haven't found an exchange that runs Bitcoin betting. maybe for those of you who feel you can share with me.

Staking is always better than just plain holding but the risk involve is much greater since you are not holding your BTC but rather the third party staking platform.  You must verify first how legit is that staking platform service.  Check whether there is no possibility for that platform to exit scam their client. See if the BTC isn't lock for certain period of time (option to withdraw your staking BTC anytime is the best one).  I have tried the service of Yobit for BTC staking (something they called investbox but I wouldn't recommend that you invest on it) and it really gives a nice return.

The HODL strategy is always an option, but it requires a lot of patience to get bigger profits.

Staking can also generate 2 benefits. Staking will reward you in the form of coins that you staked within a specified time frame. But you have to be careful choosing a staking platform. Currently, many staking platforms have sprung up, especially on the Binance Smart chain staking platform. Staking can be done easily using BNB coins or other BSC coins.

The more capital you have, the more profit you will generate.

I thought that there is no staking for Bitcoin since it is a POW not POS,
But thanks to this thread now I know that we could stake any crypto through Binance,
And I think it is great since Binance is one of the most trusted exchange right now,
If you just plan on holding it for a long term then it would be better to earn while holding it through Staking.

I personally use Binance exchange for staking. I don't prefer DeFi staking as the projects in there have a high risk and they aren't under the control and safety of Binance. It is just showcasing them there. I prefer staking on the projects which are in the Launchpad section. Anyway, staking is a good thing as you can make a really good profit depending on the quality of a project. But each of these projects doesn't exist for a very long time. And you can't claim too many rewards as long as you don't stake a good amount of money on it. For this reason, I see buying Bitcoin (e.g.) and HODLing it as being much more profitable in the long run.

As everyone said, it is not suggested or safe to give ownership of your coins to anyone else. But now we live in a time where people have to use centralized exchanges in order to trade and store their assets. Binance gives 1.2% APY for staking your BTC, and if you want you can stake other cryptos for better returns. If you are really into staking then I would suggest you to buy coins like WAVES or SWTH where you have to delegate the coins from your own address and get the rewards.

It depends on how much money you want to make and how much time you want to make a profit. It varies according to the purpose of the person.