Topic: How good is staking coins? - page 2. (Read 1478 times)
It depends on the conditions and what coins you want to stake. Talking about dogecoin, for the future I think dogecoin already has the potential to change itself from a meme concept to a utility, of course that means it is very good to hold. Well, here is the benefit of staking, when we hold large amounts of coins for a long time, the staking feature is useful for developing it with a platform that already has interest rates in it, it's just a matter of how we believe in Dogecoin or want to take passive income from staking only.
Risking and wanting to get a big reward on a coin is very dependent on the coin we hold, and the profit we get certainly varies because not all the coins we hold raise occurs simultaneously, then this is very rare to be talked about by every investor, then risking potential coins is certainly the choice of many investors because the profits that will be obtained must be satisfactory.
Staking is just put your money on certain thing to hope to get interest and forget it for next few years. If you are looking for "big" income with staking coins then it's a misleading idea and not for that type of benefit. But, just for some side income that you don't even bother to check it time by time then it would be a great idea to stake some of dogecoins of yours.
I agree that staking won't give us a big return unlike when we invest in altcoin and get 2x ROI in a few months but at least we can keep our portfolio stable when a bear market happens so you will be ready to buy another dip with your capital + profit from staking. Also staking does not require a lot of effort to do just keep in mind that any kind of investment will have a risk.
some of the altcoins at stake are not all good. look back at the liquidity of those altcoins. Staking can give you an advantage, because staking is a very good way for us to use crypto. if you are risking it is the same as trading, you should be able to re-analyze the state of the market.
There are a lot of altcoins that are really good for staking and worth keeping for the long term and the only thing is the percentage you will get every day. That is why checking the APY or APR rewards on trusted exchanges or website is a must.
Exchanges also provide locked staking for 30, 60, and 90 days which has big APY or APR rewards than regular staking.
I think the best for me to stake today is BNB and AXS.
The Cryptocurrency industry is a function of having enough fund, before thinking of staking of coin for a daily little profit it need capital, for higher rate annually return invest, which is chance of profits or lost after a long time token unlock from staking platform. Because the coin may be Dip below the initial buying price, by automatically depreciate after a long term holding.
Many staking offers give APY up to thousands of percent, but I recommend studying in detail with the coins we will staking, because most safe staking are strong coins even though they provide small APY even on Binance if we are staking bitcoin, BNB, Cardano or the like. others only get about 8% APY.
Staking is just put your money on certain thing to hope to get interest and forget it for next few years. If you are looking for "big" income with staking coins then it's a misleading idea and not for that type of benefit. But, just for some side income that you don't even bother to check it time by time then it would be a great idea to stake some of dogecoins of yours.
I agree that staking won't give us a big return unlike when we invest in altcoin and get 2x ROI in a few months but at least we can keep our portfolio stable when a bear market happens so you will be ready to buy another dip with your capital + profit from staking. Also staking does not require a lot of effort to do just keep in mind that any kind of investment will have a risk.
Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791
The opportunity to earn passive income attracts a lot of people to staking.
But to get this passive it is necessary to choose the right project that will be able to bring this income.
Staking very popular now but it is necessary to have experience to find new projects for staking and analise everything.
I have been studying the different returns that occur in staking, and one of the most reliable are those presented by some platforms such as Binance, because it is much safer and they have great support, seeing some other exchanges that are decentralized in nature. Returns that I have seen exceed 400%, that is something that seems very high to me, but given this I do not know how good long-term staking is, because it can become a double-edged sword, because investment or staking it can go down and it is normal because the market situation can do it.
Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791
Staking now is very popular, because it allows to earn passive income.
The more people use staking the more popular and in demand it becomes.
The opportunity to earn passive income attracts a lot of users to staking.
The choice of staking projects is very big but it is necessary to choose the right project for staking.
Staking is just put your money on certain thing to hope to get interest and forget it for next few years. If you are looking for "big" income with staking coins then it's a misleading idea and not for that type of benefit. But, just for some side income that you don't even bother to check it time by time then it would be a great idea to stake some of dogecoins of yours.
Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791
Staking very popular now but it is necessary to have experience to find new projects for staking and analise everything.
Staking now is very popular, because it allows to earn passive income.
The more people use staking the more popular and in demand it becomes.
I think staking is the best strategy for long-term hold, I am currently staking several coins such as BNB, Matic and New Coins and certainly optimistic can get a big profit someday. Because now there are many evil programs that threaten metamask then I prefer staking in Spot Exchanges.
it would be very good if indeed the project is a good project but the problem when looking at staking of course we also look at the APY offered and sometimes many people tend to see a high APY for staking because they feel this will be very profitable but of course A big APY does not mean their project is good, in fact it may be the other way around, their project is bad which makes this a thing that will be a waste and a loss.
Staking is good but needs to be looked at for the coin and its project first before doing staking
Maybe on the first day it could be a huge APY, but after that if a project has high APY that means there are very little amount of money invested into it and that is why it is providing such a small amount. Any person would know that the more money you put into staking, the less return there will be and that's the important part to realize when seeing what type of APY there are out there.Staking is good but needs to be looked at for the coin and its project first before doing staking
Like something such as USDC-USDT on uniswap will give you nothing big, less than 10% yearly, because it is stablecoin and only give you profit from the swaps between them, quite small amount, and there aren't that many swaps neither. But some unknown token could give you 1% million return because there will be only a few people who will invest there.
some of the altcoins at stake are not all good. look back at the liquidity of those altcoins. Staking can give you an advantage, because staking is a very good way for us to use crypto. if you are risking it is the same as trading, you should be able to re-analyze the state of the market.
Those coins that have low liquidity, they're the ones that have the higher and unbelievable APY. But that doesn't really make sense because there's a low volume on it and it's not ideal.While for those coins that has a good volume and liquidity, they're the ones that usually have the lowest APY and that's normal just like the banks because they're profitable and a lot are into it.
some of the altcoins at stake are not all good. look back at the liquidity of those altcoins. Staking can give you an advantage, because staking is a very good way for us to use crypto. if you are risking it is the same as trading, you should be able to re-analyze the state of the market.
Well, even though there are many altcoins at stake with various liquidities, then we have to get more accurate information about these coins so that when we staking on altcoins we don't get very deep losses due to the destruction of price conditions on the market, maybe if we want it to be safer we can use it. coins with good potential like BNB to stake and get new coins apart from BNB. 
some of the altcoins at stake are not all good. look back at the liquidity of those altcoins. Staking can give you an advantage, because staking is a very good way for us to use crypto. if you are risking it is the same as trading, you should be able to re-analyze the state of the market.
Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791
The opportunity to earn passive income attracts a lot of people to staking.
But to get this passive it is necessary to choose the right project that will be able to bring this income.
Staking very popular now but it is necessary to have experience to find new projects for staking and analise everything.
Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791
Staking now very popular and in demand. But the most important is to choose the right project for staking.
Project must be prospective and in demand to earn money on staking.
The opportunity to earn passive income attracts a lot of people to staking.
But to get this passive it is necessary to choose the right project that will be able to bring this income.
Usually staking mining is not looking for big payoffs because staking is for those who want to invest for the long term but don't want their coins to stay with the same returns. Staking can help with that, by storing it in a feature on the platform will add to the coins that we invest in the long term. but if you mean high income, then that means yield farming which is intended for the short term but is full of risk.
I feel a very less no of the percentage of traders doing staking because you have to lock your coins for a certain time to get the fixed APY on XYZ coin so this is the main reason very less no of traders doing it. If we remove the coins from staking we get nothing so sometimes coin pumps and you stake your coins and miss the chance to sell if removed from the staking then one will lose its staking rewards. On the other hand, If you are a long-term holder then staking is good to do in my opinion.
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