How good is staking coins? - page 4.

btc78

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Quote from: MCcryptonia on December 20, 2021, 05:40:40 AM

I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

Staking is a perfect choice for our funds to put on than just Holding this , imagine holding your coins for 2 years without any good increase for that period, while in Staking you can earn at least 10-20% or even more for the time being at least 30 days to 90 days .
for me I love what i am doing now as Holding is half of my strategy now and staking take the part of 50% .
so i encourage everyone to try staking (Specially In Binance exchange in which very safe)

josephdd1

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Actually, staking is a good way to get passive income, that don't require too much time. You just need to choose a staking platform, deposit your money, and then you just come and claim your rewards from time to time. The only problem is that if you want to get tangible income income, the minimum sum of money that you should have is about 5-10 000$. Also it is important to choose a right platform, so as to avoid scam or hack.

llecrf

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Quote from: MCcryptonia on December 20, 2021, 05:40:40 AM

I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

The amount of profit and the percentage amount for monthly income cannot be ascertained in usd, because some staking platforms provide a percentage of income in tokens/coins.
I once did staking at Biswap, if you visit their staking dashboard, there will be many choices of coins for staking, with a monthly percentage amount that I think is profitable, why is it profitable? because the number of coins will increase when we stake.

Cornia

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Quote from: ?? on ??

Instead of just holding coins for an uncertain time, it is better to staking to increase profits. Each coin has a different staking result, I can't say how much I get every month because the staking time is different for each coin.

Although it is possible to make some profit through staking, it has a big problem too. If you stack your coin for a certain period of time, you will not be able to use it till that time. As a result, if the price of the coin falls during this period, the loss will be more than the profit.

kevinelmer

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Hello, I come to recommend a new innovation and new ideas to invest in whenstaking.com the token is very high with 2000% easily for its games made in unreal engine and a pre-release of gta in real life from nfts with whenstaking invests 10,000 dollars in a year with an APR of 85% they give you 85% automatically example 10,000 $ 1 year automatically 8500 dollars of return you only save 15% of 100% of your capital the truth is that I am supporting it because they are very good luck luck

Natalim

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Quote from: MCcryptonia on December 20, 2021, 05:40:40 AM

I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

I use to stake some of my coins in the exchanges knowing that I may gain some profit, 1-2% APY depending on the term you choose either flexible or fixed staking, and also the coins you've staked. But knowing that staking coins is just like giving control to the other person, that it builds high risk on your side especially when you are using non-reputed exchanges. That is a disadvantage about staking and that is why some people never do staling but instead just to hold and keep it in their wallet.

TelolettOm

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How good staking coins will depend on some factors such as the platform, ApY or the profits of staking, the period of staking that will commonly laat at leaat 1 week. Commonly some trusted platforms will have different rate of the rewards. And I commonly do staking when the price of my coin holding is still very low and I am not using them for trading.

Teraboy

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It may give you at least 5% - 7% APY and is not it better to stake our coin instead of leave it in our wallet. You can generate passive income from staking when you have been saking good amounts of tokens. You can generate decent amounts of money from what you have been holding in your wallet instead of make your coins are only sitting in your wallet. Im also staking my coins and i can get around 40% APY from farm my tokens as well. So many people are also generating decent profits from staking. I do believe your friend was also making good money from there.
Staking has various APY and that makes the passive income from staking may vary.

harapan

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Quote from: MCcryptonia on December 20, 2021, 05:40:40 AM

I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

Staking is really cool tho, if you wanna hodl any coin for a long term all you have to do is to just stake it and receive more the coins in return, the reason alot of people don't try it out is because they are in for short term, long term bag holders are always the people participating in staking, example right now I'm hodling my Near for long term let's say for a year or 2 or even more, since it won't do me any good to just leave it lying around in my wallet instead I decide to stake it at Metapool.app for about 11% APY, and so far have been gaining more near to the original amount I staked.

prosperoustop

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I advise you to find staking in stable coins, look at the market, easy to loose funds! I lost some, because bought altcoins and put to stake, now I have a half of sum

GbitG

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stead.builders

Quote from: Kadal Ijo on December 20, 2021, 02:03:08 PM

Staking is of course mutually beneficial, providers can get bonus tokens and devs. I have the capital to be able to make coins stronger in the market, I also staking on the polygon network and several other staking sites, and I think as long as the staking site is reliable then this is very profitable instead of just letting the coins be stored in the wallet and only hope if there is price increases.

I agree here with your idea instead of holding staking is much better idea because many peoples love to hold coins or tokens for long time, so they need to do some search and then staking can give them good profit while when they are not going to do any trading. With these devs also have some benefit and project is also had some better impact which help's in price increase of coins as well.

adzino

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Quote from: MCcryptonia on December 20, 2021, 05:40:40 AM

I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

Yeah, doge coin can be mined, but it cannot be staked because doge coin doesn't use Proof of stake. The network work runs under proof of work, where miners verify transactions and mine blocks. Are you sure your friend is "staking" those dogecoins? He probably is keep those dogecoins on some exchange and "staking" it over there. But that is actually not staking. He is just lending those exchange/platform his coins and they give them back a portion of the profit. It's risky. You can stake coins that using proof of stake consensus. You can try investing in ADA and join a pool. All your coins that you hold will be automatically staked (and you can still spend your coins) and you will receive rewards after each epoch. The current APY is 4.9%.

wxa7115

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Quote from: MCcryptonia on December 20, 2021, 05:40:40 AM

I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

The reason many people do not really talk too much about staking is that you need a lot of money in order to generate decent profits, and most people simply do not have that capital so they cannot afford to have their coins to do nothing for such a long period of time when in theory they could earn more by trading or investing.

But another reason is there are many traders which do not like staking either because while your coins are doing nothing the market is still moving, so if the market happens to crash while your coins are locked then your losses could be massive, and the profits you get by staking will not offset the losses you got while the market crashed.

Porfirii

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We have just started a discussion in the Spanish local board on the legal implications of staking ETH and, even if it seems a good idea, you can easily go bankrupt with a huge debt if you don't liquidate your income as soon as you get it in order to pay taxes. And taking into account that one won't be able to sell ETH in two years, this is risky AF, at least in this country.

So staking coins is great, interest rate is really competitive compared with the interest of money nowadays in any bank or classic financial institution; but take into account the legal implications or you might get a very bad surprise.

terrorJR

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actually there is no reference for this but indeed instead of you just storing the coin for a very long and uncertain time in your wallet it would be better if it was staking but of course by looking at what was staking.
it is more profitable to make at least your assets grow there.
but this is my personal it doesn't mean other people's thoughts will also be the same as mine

Kadal Ijo

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Staking is of course mutually beneficial, providers can get bonus tokens and devs. I have the capital to be able to make coins stronger in the market, I also staking on the polygon network and several other staking sites, and I think as long as the staking site is reliable then this is very profitable instead of just letting the coins be stored in the wallet and only hope if there is price increases.

laredo7mm

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Quote from: MCcryptonia on December 20, 2021, 05:40:40 AM

I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

First, you have to decide about your investing strategy. For example, if you want to invest in eth for the short term then staking could be a bit risky. Because price could fall you never know about that before it happens. But if you are planning to invest in a coin for the long term like 1 or 2 years then staking could be a good way to earn some passive income. Because in this scenario price doesn't matter at all. You could sell your staking rewards or you can add them to your portfolio. Just do not chase APR with the different projects it could be risky. More APR means more coins in circulation.

flip4flop

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Staking is a great way to earn some passive income. Just make sure to dollar cost average into positions you are going to stake so you do not end up buying the top of something and then having to stake for months or years just to break even. It is always a challenge to pick the top or bottom of something so the best course of action is to slowly build your position over time. Set buys at key support levels and don't be afraid to unstake some and sell at or near resistance levels. You can always buy back in lower.

jpaul

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One of the earning options in crypto world among others is staking where your coins are stored in cryptocurrency wallet to earn a reward in the future with less effort. After staking your coins in a certain exchange, all you need is to wait for the price of it to move up and have your earnings. There are lots of exchanges where you can do coin staking like coinbase and binance to name a few.

Williamm07

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You need thousands of dollars to make good money from staking, if you have only 1000$ don't even bother, you are better off buying GPU with the money and mine coins, staking requires high amount of money for good returns

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