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Topic: How good is staking coins? - page 5. (Read 1454 times)

full member
Activity: 1246
Merit: 103
April 06, 2022, 01:02:40 PM
yes it is true that staking is the best way to earn. but I do not agree to risk Coin, because the passive income obtained is much smaller in my opinion. not to mention the coin that we bet on has decreased in price. the point is, in any way we can make a profit, but do further research and analysis.
if you choose staking a new altcoin of course you have to be prepared with a high risk, but if you want a much lower risk maybe you can choose a big altcoin staking like CAKE. Besides having to choose a project with great potential, of course, you also have to choose a project with a large passive incom because the main purpose of staking is to increase the number of coins you have. if the passive incom you get is getting bigger, of course the profit you get is getting bigger and can reduce the risk of experiencing a loss because the price of the coin is falling.
no, I'm not interested in getting income or profit from staking coins, I'm more interested in getting profits from trading, after all, the profits from trading are greater than the profits from staking coins.
full member
Activity: 1064
Merit: 111
April 06, 2022, 09:27:58 AM
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...... Wink
I'm not sure what you are talking about in regards to a doge coin mining farm staking but NEAR, MATIC, and ICP have high returns for staking. I think ICP has up to 40% if you are willing to lock up your coins for 8 years.
Iam also not sure what you are talking about high return. 8 years staking for 40% or 40% each year??
In my opinion it's not high return because 8 years is not a short time, 8 years ago bitcoin price still below 1k$.
TWW
full member
Activity: 1456
Merit: 109
April 06, 2022, 12:32:49 AM

Staking new tokens/coins is not recommended and it can be bad rather than good staking. But as early staker we can get a lot of profit from staking in new tokens/coins and keep it until bull market happens once more so they will follow with the bull market condition, just use a little money for new tokens/coins so when they end up scam u won't lose much and dont forget to use money that you can afford to lose.
but most new tokens will experience a pretty deep drop from ATH. Staking is done by the developer to maintain the token price. one way to maintain a community of those who may be dissatisfied with current prices.
the best moment for staking when the price is down. buying and staking coins on the platform. I'm sure it will take a long time for new projects to get their market back on the mend. so for staking new coins, we have to be more patient. although the APY offered is large but its value will not change too much before the pump.
sr. member
Activity: 2156
Merit: 251
Binance #Smart World Global Token
April 06, 2022, 12:10:19 AM
yes it is true that staking is the best way to earn. but I do not agree to risk Coin, because the passive income obtained is much smaller in my opinion. not to mention the coin that we bet on has decreased in price. the point is, in any way we can make a profit, but do further research and analysis.

if you choose staking a new altcoin of course you have to be prepared with a high risk, but if you want a much lower risk maybe you can choose a big altcoin staking like CAKE. Besides having to choose a project with great potential, of course, you also have to choose a project with a large passive incom because the main purpose of staking is to increase the number of coins you have. if the passive incom you get is getting bigger, of course the profit you get is getting bigger and can reduce the risk of experiencing a loss because the price of the coin is falling.

Staking new tokens/coins is not recommended and it can be bad rather than good staking. But as early staker we can get a lot of profit from staking in new tokens/coins and keep it until bull market happens once more so they will follow with the bull market condition, just use a little money for new tokens/coins so when they end up scam u won't lose much and dont forget to use money that you can afford to lose.
full member
Activity: 1442
Merit: 108
April 05, 2022, 11:52:12 PM
yes it is true that staking is the best way to earn. but I do not agree to risk Coin, because the passive income obtained is much smaller in my opinion. not to mention the coin that we bet on has decreased in price. the point is, in any way we can make a profit, but do further research and analysis.
if you choose staking a new altcoin of course you have to be prepared with a high risk, but if you want a much lower risk maybe you can choose a big altcoin staking like CAKE. Besides having to choose a project with great potential, of course, you also have to choose a project with a large passive incom because the main purpose of staking is to increase the number of coins you have. if the passive incom you get is getting bigger, of course the profit you get is getting bigger and can reduce the risk of experiencing a loss because the price of the coin is falling.
hero member
Activity: 2548
Merit: 572
#SWGT CERTIK Audited
April 05, 2022, 09:52:19 PM
Yes, before buying currency for stacking, it is better to ask whether the funds will be "frozen" for the time of stacking or not. It takes 14-20 days to get zilliqa out of stacking, everyone has different ways.
In general, stacking is a good way to "overtake" inflation. This does not always work out and not everyone has the opportunity to pay 14% as zilliqa, but 4,5,6% is also quite good. In any case, if the choice of the coin was chosen correctly, then the capital will only grow.
Zilliqia coins up drastically last several days and not any chance for some one keep staking this coin for selling on higher price, need almost one day for staking unlock and several my friend not get lucky when unlock time Zilliqia coin have back drop. If try to staking coin for long term is worth and actually will be better looking on coins taking without need one day for unlock time. Usually have coins on Binance exchange always need one day when unlock for your coins available to sell and back to spot fund.
sr. member
Activity: 1652
Merit: 299
April 05, 2022, 05:09:27 PM
Well if you wanted how much you earn it all depend upon APY /APR that's given if they are high then you will get good amount but Remember making APR really high doesn't indicate the sign of good idea no doubt by increasing the APR we can get the huge stakers community but at the end it doesn't help the token to grow
Remember what had happened with CheerySwap they are giving high staking Reward around 250-300 APR for around 6 month and now their token price is just fallen from 4$ to 0.1$ check the gap it is huge and on the other
Just check out cake token price they are managing well with only around 60-70% Apr so at the end it also depends upon which token are you choosing from
APR is just one side of the story, you have to also realize the fact that we have a big problem with the token price going up or down as well. I have been staking cake for almost a year right now and even though I have way more cake than when I first started, it still doesn't worth the amount it worth when I first purchased it, why? Because, it went down since the first time I started doing it.

Obviously I am not worried because cake is a great token and I believe that it will break ATH and be high priced and at that time I would have a lot more cake and I will profit both ways, but not every token gives that confidence and could be a bad investment.
full member
Activity: 1048
Merit: 101
April 05, 2022, 05:07:15 PM
Staking tokens does look very good to do when we want to hold coins in the long term, but only coins that have the potential not to fall should we choose because if we choose the wrong coin to stake then we get a big loss due to the decline in coin prices, however, we should be able to control that risk by choosing potential coins like Cake, BNB and other market coins.
jr. member
Activity: 840
Merit: 6
April 05, 2022, 04:48:38 PM
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...... Wink
I'm not sure what you are talking about in regards to a doge coin mining farm staking but NEAR, MATIC, and ICP have high returns for staking. I think ICP has up to 40% if you are willing to lock up your coins for 8 years.
copper member
Activity: 70
Merit: 0
April 05, 2022, 04:32:12 PM

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 coins allow to get passive income. Every day a lot of new staking coins appear and investors have a big choice of such coins.
But it is necessary to carefully check the projects for staking to find the best and most profitable projects.

There are a lot of opportunities to earn money using cryptocurrencies. One of such opportunity is staking.
The ability to earn passive income attracts to cryptocurrency many people.
full member
Activity: 1246
Merit: 103
April 05, 2022, 02:46:10 PM
yes it is true that staking is the best way to earn. but I do not agree to risk Coin, because the passive income obtained is much smaller in my opinion. not to mention the coin that we bet on has decreased in price. the point is, in any way we can make a profit, but do further research and analysis.
legendary
Activity: 1540
Merit: 1457
April 05, 2022, 01:35:42 PM
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...... Wink


Staking activities are both risky and very lucrative in my opinion. This depends entirely on the activities and content of the project you are staking in. If a stake is made for a project that will not show a good rise or an empty project, you may even suffer a complete loss of receiving your principal money. Because the token you stake will be locked, and you may not know whether it will drop for the token at that time, and it may have serious damages. These should definitely be considered.
Yes, before buying currency for stacking, it is better to ask whether the funds will be "frozen" for the time of stacking or not. It takes 14-20 days to get zilliqa out of stacking, everyone has different ways.
In general, stacking is a good way to "overtake" inflation. This does not always work out and not everyone has the opportunity to pay 14% as zilliqa, but 4,5,6% is also quite good. In any case, if the choice of the coin was chosen correctly, then the capital will only grow.
full member
Activity: 1064
Merit: 111
April 05, 2022, 09:48:38 AM
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...... Wink
Staking activities are both risky and very lucrative in my opinion. This depends entirely on the activities and content of the project you are staking in. If a stake is made for a project that will not show a good rise or an empty project, you may even suffer a complete loss of receiving your principal money. Because the token you stake will be locked, and you may not know whether it will drop for the token at that time, and it may have serious damages. These should definitely be considered.
That's right but it's also depend on staking conditions, some project allow it's holder to exchange directly without having to be locked.
This is also good deal when we want to bought some crypto with staking feature
hero member
Activity: 2548
Merit: 572
#SWGT CERTIK Audited
April 05, 2022, 06:06:41 AM
Staking coins other than stable coins is very risky. Some days ago my friend bought Juno token for staking at the price of 40$. Token was looking bullish at that time but after that because of some bad news token whale sold the token and now price is below than 30$ and worst scenario is that you have to wait 2 weeks for unlock when you unstack the token.
Some trader staking with Juno coins hope could received reward with Juno airdrop and they not care about price have reach up and now drop drastically, from $40 until $30 will make many people disappointed with Juno coin have drop drastically. I think with this coins platform looks hype when staking because when airdrop have ended many member have out and removed from coin staking. I think just popular at the early only and now airdrop from Juno have ended and not any new airdrop launching again with Juno network.
legendary
Activity: 3248
Merit: 1179
April 05, 2022, 05:51:25 AM
Staking coins other than stable coins is very risky. Some days ago my friend bought Juno token for staking at the price of 40$. Token was looking bullish at that time but after that because of some bad news token whale sold the token and now price is below than 30$ and worst scenario is that you have to wait 2 weeks for unlock when you unstack the token.


Just patience... I have BSW on staking and I bought my BSW around $0.7! At one moment the price bottomed at $0.3, a weak or two after my investment, but now it's $1.37! Do you get the picture?! Many people stake and some people are whales and when they dump their earnings that affect the price, but new stakers join, and the price recover, of course, if the project is good!

Staking was never easier and more available! From wallets that have staking feature for some coins, casinos with their tokens where we get rewards in different crypto, to so many exchanges that have so many different staking/farming options... the choice is so big! I think there's something for everyone!
jr. member
Activity: 1078
Merit: 2
I WANTED EVERYONE TO BE HAPPY IN LIFE
April 05, 2022, 04:14:16 AM
Well if you wanted how much you earn it all depend upon APY /APR that's given if they are high then you will get good amount but Remember making APR really high doesn't indicate the sign of good idea no doubt by increasing the APR we can get the huge stakers community but at the end it doesn't help the token to grow
Remember what had happened with CheerySwap they are giving high staking Reward around 250-300 APR for around 6 month and now their token price is just fallen from 4$ to 0.1$ check the gap it is huge and on the other
Just check out cake token price they are managing well with only around 60-70% Apr so at the end it also depends upon which token are you choosing from
newbie
Activity: 72
Merit: 0
April 04, 2022, 05:53:38 PM

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

Airdrops is a good way for participants to get tokens of new and prospective projects for free.
The most important is to find the airdrops that are really profitable and will allow to earn money.

Staking coins allow to get passive income. Every day a lot of new staking coins appear and investors have a big choice of such coins.
But it is necessary to carefully check the projects for staking to find the best and most profitable projects.
hero member
Activity: 2506
Merit: 644
Eloncoin.org - Mars, here we come!
April 04, 2022, 06:43:00 AM
Staking coins other than stable coins is very risky. Some days ago my friend bought Juno token for staking at the price of 40$. Token was looking bullish at that time but after that because of some bad news token whale sold the token and now price is below than 30$ and worst scenario is that you have to wait 2 weeks for unlock when you unstack the token.
legendary
Activity: 2982
Merit: 1028
April 04, 2022, 06:36:19 AM
-Snip-
Picking which coin to stake got a bit more easier these days. We could do btc, eth and bnb there and even ltc in some places, there are busd and usdt ones too.

All of which shows that we should not be worried about the picking of the "right" coin, if you could do a basket of sorts from all of those, just 5 of them would be awesome anyway. Obviously you will need to make sure that you could survive without those before you lock them in, but a passive income from btc, eth, bnb, usdt, busd together, could avarage over 5%+ right there, add in the fact that the price of them could go up (not stable ones) that would mean a great return for sure in the long run.

I agree to the point that you said regarding to live without those invested money.

It's passive and continually provide staking rewards that adds up to the amount of your investment, though like
also with how you express things out, the chance of fluctuation can harm you in a short run. It's best to study and
aimed for long-term investment for a rewarding outcome.
copper member
Activity: 82
Merit: 0
April 03, 2022, 06:44:57 AM

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

Now many people think that the price of cryptocurrency will continue to grow. The popularity of cryptocurrency grows together with demand in digital assets.

Adoption of cryptocurrency grows all over the world.

Airdrops is a good way for participants to get tokens of new and prospective projects for free.
The most important is to find the airdrops that are really profitable and will allow to earn money.
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