Topic: How good is staking coins? - page 3. (Read 1478 times)

Yes, that's true, my friend, I have also observed this for some time before, I see a lot of projects that are very profitable, and also basically have a fairly large allocation of funds so that it can make people tempted by it, and I Totally agree with what you said, in a project that has a large profit and a very large offer we must still investigate it very carefully and keep an eye on it carefully in terms of examining the projects on offer.

especially if we get an offer of this kind first, we do it by checking the project so that we are safe in investing in projects with big offers and of course large profits, don't let the element of fraud occur in these projects, now Also a lot of people make a profit by betting, and they put it on a good project and it's been thoroughly reviewed and they're willing to put it at stake, because they'll know what they're going to get.

but we have to remember that not all of them get big profits, because not all projects have good profits and it's only some of the most of the projects that are good, it again depends on the state of the market.

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.

There are so many cryptocurrencies emerging in the crypto market. It can be challenging to know which crypto coins to buy or stake.
Dogecoin has been around for eight years, and it started as a joke on the Internet. So why are we interested in Dogecoin, and should you buy Dogecoin now?

Well, Dogecoin is making significant progress. It has a loyal following and has had some media attention recently.
In 2021 Elon Musk, CEO of Tesla, tweeted that Dogecoin was his favorite crypto coin. He said that he wants to be involved in improving Dogecoin. He said, "Working with Doge devs to improve system transaction efficiency. Potentially promising."

When Elon Musk makes a statement on a cryptocurrency, something always follows. The last tweet he made regarding Bitcoin created an almost immediate 10% drop in the price of Bitcoin.

How is Dogecoin Mined?
Dogecoin uses Scrypt technology with no limits on the number of coins for mining. You can mine Dogecoin as an individual or join a Dogecoin mining pool, typically called a team.
Unlike Bitcoin, which requires high-level computing, it's possible to mine Dogecoin on Windows or a Mac or Linux (and with a GPU). Dogecoin is one of the lowest users of electricity, averaging 0.12 kilowatts per hour (Source: TRG Datacenters)

Can I Stake Dogecoin?


Not yet.

Dogecoin is mined with proof-of-work (PoW) protocol, which means you cannot yet claim and stake Dogecoin. You can, however, earn inflationary rewards from buying Dogecoin and joining communities that support projects.
Ref. https://trading-education.com/how-to-stake-dogecoin

this is an opportunity in my opinion to add coins on the other hand there are returns and losses of course you have to be patient if you do it or you will lose for the sale

If any body want to hold any token for long term I think staking us best option. In this way token project will become strong and you will recieve passive income. Before stacking i recommend to choose only those token which are currently not increased because of any rumour or Airdrops. Cosmos is best option for staking as it's future is looking very bright. Scrt is also very good and still in early stage.

yes you are absolutely right, and I agree, in my opinion Staking is not good and a waste of time,
even though there are better ones, yes trading, you can trade with technical analysis,
and if you use a buy back strategy, then your coins can be more , even more than you stake

For those who want long-term investment stacking offers them more profit. But before stacking, you must choose a good platform. Stacking on any common platform carries high risk. Since the number of scammers in the market is not less now, they are always sitting on the fad. So if you want to do stacking, you can choose good platforms like Binance.

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

Staking coins is not good for me i stake my coins and i only earn a small amount because i cannot afford to buy big amount of coins, maybe staking is good for big investors because they can buy bulk of coins and staked it and they will surely earn a big claimable reward, some people feel good of staking while in my part i don't really feel great about staking.

The opportunity to earn passive income attracts many people to cryptocurrency staking.
Now many projects use staking to attract attention of users and unite the community.

Usually staking very popular when market rise. But when market fall profit from staking very often does not compensate the loses from fall of the price.
That is why staking is not so popular.

I think each one (mining vs staking) has its merits and demerits. It all depends on your capital layout. Doge farming can be erratic and dangerous because now we have scam yield farms that can rug pull you

Staking is good not only for investors but also in the projects, it gains popularity and more investors will surely become interested of the projects that has a staking program with a high claimable rewards for holding the token on staking platform. I know most of the bounty hunters also do staking and already benefit or earn profit on it.

Staking makes cryptocurrency more popular, because it allows to earn more money.
Now many projects use staking.

Staking is actually good when the API of the said project is good and that project is making waves, giving the price a pump so you can see good returns when you unstake. But there are some rules that limit enthusiast from staking, such rules are for the betterment of the project but it does not favour investors. Staking is a way of helping the project reduce dump and giving investors alternative source of earning from their investments

Among the staking coins I have seen are some coins which are giving very high APY.As Safuu it has the highest APY in staking APY 383025.80% There are also stacking coins which are USDT BUSD etc.These risks are much lower. There is no tension even if the price goes down. If you wish, you can buy any one and do staking.

Staking and mining are of course two different things. Staking is holding coins in a platform and these coins will be used by the platform for trading, they have determined the amount of results we get for a predetermined period of time. While mining gets coins from those that have not been circulated. Of course, the number of coins we get really depends on the devices we use, and the level of mining speed we buy from mining service providers. If it's Dogecoin, of course the mining speed is higher than Bitcoin. For more details you can learn on the mining platform. And be careful with fake mining platforms.

Many people earn money on staking. Now staking popular and in demand.
But it necessary to caurefully evaluate all peojects for staking, because not all staking projects are profitable.
Also a lot depends from market conditions.

Now so many staking projects appear. Some of them offer a very big profit.
But it is very important to check everything befor investing because among staking projects there are a lot of scams.

Actually, if you already understand it will be very easy to do it according to their respective wishes and goals so that they can focus more on doing it patiently.
Especially when there are many good choices available on the exchange, it will be increasingly difficult to choose which one if someone is not able to choose all the services available.