Topic: How good is staking coins? - page 10. (Read 1454 times)
Unfortunately staking is for the rich not for the poor, the only way staking can make sense is if you have good amount of money to invest on the token or coin and then stake it for rewards..staking reward is lower than proof of work reward.
https://www.stakingrewards.com/earn/dogecoin/ I'm looking for some sources of information on this Dogecoin staking, you can see that, in general, the supply of Dogecoin continues because of the miners, the Dogecoin blockchain doesn't support staking, but some platforms offer staking for your benefit, I don't know how it works, but I think miners are better than staking.
You also have crypto.com, you can stake USDC between 6% and 14% annual
It will depend on who you are.
If you are typically a trader, you will better choose to trade your coins than staking because sometimes, the profits will be much higher for trading.
But, if you are typically a holder, staking is one of the ways to do while waiting for the coins to reach a certain price or rate.
In order to do staking, there are some considerations to understand and aslo analyze before doing staking:
- Each platform may give different APY or rewards for staking, each platform will also give different staking rewards depending on what coins to stake or how many periods to stake.
- There are many staking platforms. That is way, always be careful, never only pay attention to the big APY. But you must also analyze whether the platform is actually legit, reputable, and also trusted or not. For, staking coins need times of period, you will put your coins there. If you take it in non reputable platform, there is scam probability.
- Cosnider about you are staking because you are holding for long term. Because, once you are staking and when it is still on progress, you cannot tarde your coins even they are pumping.
If you are typically a trader, you will better choose to trade your coins than staking because sometimes, the profits will be much higher for trading.
But, if you are typically a holder, staking is one of the ways to do while waiting for the coins to reach a certain price or rate.
In order to do staking, there are some considerations to understand and aslo analyze before doing staking:
- Each platform may give different APY or rewards for staking, each platform will also give different staking rewards depending on what coins to stake or how many periods to stake.
- There are many staking platforms. That is way, always be careful, never only pay attention to the big APY. But you must also analyze whether the platform is actually legit, reputable, and also trusted or not. For, staking coins need times of period, you will put your coins there. If you take it in non reputable platform, there is scam probability.
- Cosnider about you are staking because you are holding for long term. Because, once you are staking and when it is still on progress, you cannot tarde your coins even they are pumping.
Staking is like trading sometimes - if you know how to do it right, you will earn a lot here 
If you are staking all you have without any knowledge and experience - you can even lose your money.
There is a difference between staking and trading in that respect, where staking has to hand over the coins to another party to be locked and trading, only we manage it ourselves with targets that we make ourselves through placing orders, both buying and selling, so in general this is is a different matter. If you are staking all you have without any knowledge and experience - you can even lose your money.
Not have enough good skill with trading choose staking as best way how to earn profit in cryptocurrency, just check coin price stable and giving good consistent APR for long term. Maybe right now have many coin given consistent APR from SFUND, RARE and AXS but keep check price before staking coin, you need buy on support price when looking for with staking coin and not worry without skill trading you have passive income with staking coin and always consistent.
I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be...... 
You will only see the good result of staking your coins once you actually do it. There's no way we can determine the reward we can get on a daily, weekly, or monthly basis after staking a coin for a long but there should be a computed APY on those that will serve as your reference.
You can refer to your friends about his staking status. After hearing that, you can now decide if you will also try staking coins and see the result for yourself.
Goodluck mate on your plan.
Staking is like trading sometimes - if you know how to do it right, you will earn a lot here
If you are staking all you have without any knowledge and experience - you can even lose your money.
If you are staking all you have without any knowledge and experience - you can even lose your money.
I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......
Reward is depends on platform that we use to stake coin. Staking coin can be good if in a good platform and good coin. I mean it is all about research first before we do anything in crypto, either it is investing, staking, trading, because wrong coin can cause our loss. 
OP, staking is profitable if you've a crypto you aren't trading. Instead of letting it lie fallow, engage it in staking to earn passive income. In simple term, staking is what banks do when they fix your money and then pay interest on it (as if they actually pay anything meaningful). I have tokens I'm staking too. You've to make sure you're staking your cryotos on a reputable third party site to avoid being scammed. For me, I don't even look at how much they make me daily or weekly. I look at the quantity or units of cryptos it's able to generate for me, knowing full well that can be worth more once alts rally gets on.
use binance exchange for staking it's one of the best
Binance doesn't have staking for Dogecoin. At least, not now. You can cross-check your facts. 
OP, staking is very good for little daily income instead letting the coin stay in wallet without use and the percentage of reward veries from different coins. I believe low value coins with cheap price are not comparable to high value coins in staking rewards. So it all depends and the quantity of the coin you are staking.
Does binance have features for staking dogecoin? Are you sure of that? I once did a check but it is not available for dogecoin
Staking is pretty effective if you have the patience, the higher the doge coins you have the higher your staking reward will be, staking platforms have different staking rewards in percentage, some are 6% per annual while some are more, use binance exchange for staking it's one of the best.
Does binance have features for staking dogecoin? Are you sure of that? I once did a check but it is not available for dogecoin
I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......
Depends on how much you are going to stake, so the bigger the coins the bigger your return, basic financial principle.
And you also have to look at the APR as well, in the beginning the whole staking hype, the APR was very high. And then when investors started to flock the market, some of the project lower it. So it's important factors to see as well if you are going to put your money in this staking business.
...People don't seem to be talking about their staking rewards, but miners seem to be......
If you decide to hodl the coin, then the percentage of passive income that you will receive monthly will not play a decisive role for you. After all, your main goal at the same time is to save your coins in order to make a profit in the long term. And if you increase the number of coins held on the way to your goal, it will bring additional profit.
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I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......
Staking is good but depends on the coin itself. As we know that there are many coins available to the stake, especially if you stake in the exchange. But the problem is we do not know if the price of the coins can increase at the end of the time we stake. Besides that, we also do not know if the price can jump higher in the middle we stake and make us miss the chance to sell at a high price. I also try to stake AXS, BNB, and other coins, but the result is not much as I do not stake in a large amount. 
Staking is a a good concept wherein it's good for the coins which are staked and at the same time we get reward for joining the pools. Its just like recurring or FD scene of banks wherein you get x percentage of interest annually for saving the money for lock in period the same goes with crypto but with bank you don't risk losing anything from your capital investment, but when it comes to crypto if the coin which you have staked rises then you get better return as apart from the interest the value of coins would have increased and vice versa if it drops down. Staking is not for short term investors or traders. Don't jump into it unless you have a clear plan of not cashing it out and willing to accept profit/loss towards the end of staking period.
How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......
For tokens that are already well known, APY is the same as deposits in conventional banks, but for new tokens they can provide more, but are very prone to fraud.The advantage of staking in crypto in my opinion is that we can also get airdrops from new projects, this is what makes the profits much bigger.
Staking USDT & USDC is possible on BlockFi, you can get up to 9% per year. I guess the only problem is the risk of them being hacked & your collateral being drained & they don’t pay you back. It’s a real risk, I’ve thought about leaving significant funds on there before & taking an easy little monthly salary out of the interest but it’s always in the back of my mind about not your keys, not your coins.
Staking is good you get more coins for holding your bags in staking but not as good as mining coins, you need more quantities of the coin to earn more rewards just make sure you go with good projects, I've seen some coins that later died because of lack of developing over time.
I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......
Profit from staking differs depending on:1. How much money did you use to buy the coin.
2. What is/are the coin/s you bought for you to stake it.
Maybe you can check this website to see how much staking reward each POS coin can give annually. https://www.stakingrewards.com/
I've been staking Cardano for almost a year already and with my experience, its good that you are holding a staking coin. You are getting profit both from capital appreciation and from staking rewards. Of course this comes with risk as well especially if the coin that you bought went down. I'm currently holding another coin that is staking but since the price of it went down significantly, I'm at a loss until now even though I'm holding more coins right now because of staking.
I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......
Staking will help you to increase your token amount but staking are not increase token price all the time. when any project offer staking then many people bought that token. Due to this, the price of token increased a bit. But later when everyone started selling tokens the price fell again. The price of a project token depends on the development of the project and a good exchanger not for staking. Jump to: