How good is staking coins? - page 6.

alan228

jr. member

Activity: 250

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Quote from: zayika570 on April 01, 2022, 06:38:55 PM

Quote from: LaCucina on March 22, 2022, 03:16:53 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

Cryptocurrency give people many opportunities to earn money. One of such opportunities is staking.
A lot of people block their money in liquidity pools to earn money from providing liquidity.

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.

darewaller

hero member

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Quote from: Pamadar on April 02, 2022, 05:01:44 AM

Taking things into consideration, Binance is a good place to stake if you trusted the platform.

Though everything should start with your chosen assets to stake your money, a good way to have a passive profits
if you pick right coin to use for your long-term investment.

Knowledge should always be the priorities, you can follow every update from the team channels in order to have
a much better confidence waiting for your money to grow.

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.

Tellek Garing

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Quote from: retreat on March 25, 2022, 03:04:49 PM

Quote from: llecrf on March 25, 2022, 02:14:38 AM

Quote from: Anthony_4 on February 10, 2022, 03:22:46 AM

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From the experience I've had at Biswap, the passive income I get is very good, I won't give you an idea or profit percentage, because a percentage like APY will not make the price of the coin you get make you profit, the price of the coin will definitely go down because a lot people who get coins from staking and they sell them.
Recently I sae the SAFUU platform give more than 300k% APY, but I believe the price of the coins produced will decrease as the number of coins sold after staking increases

I also have an asset that I stake in Biswap and compared to other DEX platforms, I recommend Biswap more. Regarding SAFU, you should be careful because usually projects that offer a high APR or ROI will end up being a scam.

Yeah proof of stake is the most convenient way of cryptocurrency mining and as that it more easy and cheap to mind on proof of stake and if one is looking to gain passive income then staking can be recommended for that purpose.

Most of the dex platform offer high incentive on their staking rewards and being competitive among others.

Altryist

legendary

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Staking is good if you buy coins for the long term, then you can get additional profit, of course provided that the staking platform is reliable. For me personally, it is important that during staking my coins are not blocked for some period, so that in the case of a pump, I could sell the coins and buy them back on the drawdown after the pump. As a rule, such manipulations can give much more profit than staking.

Gayong88

member

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Staking coins is a viable way to earn interest without putting your coins at too much risk. Typically it takes around 3 months for a coin to mature and start earning you interest, but it's worth it if you're willing to wait.

I think the biggest benefit of staking is the passive way in which you can earn returns, but there are also risks involved with staking coins. It's not possible to stake a larger amount than you actually have, and if you don't stake when required then your stake will be slashed (destroyed).

Any crypto is high risk so you have to be prepared to lose. My advice is don't lock staking if coin or token you have strong fundamentals and high daily transactions, because if suddenly the price is pumped, you can't sell fast.

Semar Mesem

full member

Activity: 1484

Merit: 101

Staking is a very good trend for investors who are planning to hold long term, I bought a lot of coins or tokens available in the staking program and the results will increase significantly after at least a year. the most important thing when staking is to make sure the platform or developer is trusted.

Crypto Library

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Find your Digital Services at- cryptolibrary.pro

Of course profits can be made by stacking. But first it is important to choose the right platform, if you invest in the wrong place without understanding then you will not be able to make a profit but you will face a loss. As your friends say they have benefited from choosing the right platform and having a good knowledge of stacking. You can stack on binance if you want, it has a lot of good features in this regard. But before investing money anywhere, understand and invest well

Pamadar

legendary

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Quote from: ringgo96 on April 02, 2022, 01:31:34 AM

If you want to get bigger results then we also have to rely on high patience so that what we expect can be achieved, if you are staking then the percentage every year must be different then we must use a more effective platform such as binance, but in this case we must have a large capital so that our staking achievements are more optimal, And we have to wait patiently until a year.

Taking things into consideration, Binance is a good place to stake if you trusted the platform.

Though everything should start with your chosen assets to stake your money, a good way to have a passive profits
if you pick right coin to use for your long-term investment.

Knowledge should always be the priorities, you can follow every update from the team channels in order to have
a much better confidence waiting for your money to grow.

ringgo96

sr. member

Activity: 1582

Merit: 279

If you want to get bigger results then we also have to rely on high patience so that what we expect can be achieved, if you are staking then the percentage every year must be different then we must use a more effective platform such as binance, but in this case we must have a large capital so that our staking achievements are more optimal, And we have to wait patiently until a year.

Pejoh Asu

sr. member

Activity: 1484

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Quote from: zayika570 on April 01, 2022, 06:38:55 PM

Quote from: Nexum on March 30, 2022, 08:23:46 PM

Quote from: LaCucina on March 22, 2022, 03:16:53 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

Passive income now very popular. Thanks staking it is possible to earn more money on holding cryptocurrency.
Many projects use staking system to unite community and attract more users to the platform.

Cryptocurrency give people many opportunities to earn money. One of such opportunities is staking.
A lot of people block their money in liquidity pools to earn money from providing liquidity.

Staking and LP is the current trend which is safer and easier to do, I am active staking & LP on several DEX and exchanges and the results are satisfactory, rather than just storing crypto in a wallet of course it is more profitable if we use it for staking, but I recommend choosing coins which has great potential in the future.

zayika570

newbie

Activity: 156

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Quote from: Nexum on March 30, 2022, 08:23:46 PM

Quote from: LaCucina on March 22, 2022, 03:16:53 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

Passive income now very popular. Thanks staking it is possible to earn more money on holding cryptocurrency.
Many projects use staking system to unite community and attract more users to the platform.

Cryptocurrency give people many opportunities to earn money. One of such opportunities is staking.
A lot of people block their money in liquidity pools to earn money from providing liquidity.

Rasa nanas

full member

Activity: 1442

Merit: 108

The best staking is of course the one that has the largest passive income because the main purpose of staking is to increase the number of coins you have. but the future of the coins you stake is much more important because it's useless you get a large passive incom and the number of coins you have continues to grow but the price of these coins decreases. if your friends use doge coins for staking of course not too worried because doge is the most popular coin meme and has a very large daily volume. btw, on what platform is your friend staking doge coins?

stepwilli

sr. member

Activity: 1041

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Quote from: fzkto on March 30, 2022, 09:10:08 AM

It seems to me that staking is utopia, at least in the long term. One of the older POS coins, DASH, can be taken as an example. Those people who have been staking it by buying it at high prices are very unlucky. I think all POS coins end up with the same story. Now it is possible to stake ATOM to get bonuses from other projects, but looking at history of other coins I don't have confidence in getting profit from it.

Dash is an old top coin and the coin has a chance to perform better in the future but the reason why the coin is falling is because we have been in a bear last time and most of the coins have not recovered properly til now. It was their fault on why they buy coins at a higher price, didn't they know the golden rule of investing?

Buy low; sell high, not buy high and sell high because that is risky as the chance for the price to rise high is lesser compare to when the price falls down. Older coins like dash is also not as popular as the newer coins when it comes to staking purposes. If that is the case then we can just stick on hodling, if this works better for them.

Nexum

copper member

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Quote from: Fomo_Chronicles on March 29, 2022, 01:20:09 PM

Quote from: LaCucina on March 22, 2022, 03:16:53 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 allow to increase profit from crypto investments. Now many projects use staking to attract more investors and allow them to earn money from investment.

Passive income now very popular. Thanks staking it is possible to earn more money on holding cryptocurrency.
Many projects use staking system to unite community and attract more users to the platform.

deathcode

copper member

Activity: 1428

Merit: 253

Eloncoin.org - Mars, here we come!

Staking for coins from new projects usually offers a fairly large APY. and it can be profitable if within a certain time the price of the coin does not experience a deep correction.
for coins from new projects, it's usually better to wait for the dumping price, then we can go in and stake.
for now, I believe more in ATOM and CAKE for staking. it's not great what you get. but to wait for assets in the long term I think there is no problem.

fzkto

sr. member

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Cashback 15%

Quote from: cheezcarls on March 30, 2022, 08:57:27 AM

Staking is good for a coin or token if it’s real use cases, fundamentals and demands are great along with it’s high liquidity, team with great reputation and great trading volume. Like AXS for example, it is one of those coins that are worth to stake regardless of the price.

Right now, I am staking KOMs (Kommunitas) for me to be eligible for participating in IKO (Initial KOMmunity Offering) campaigns as well as being bullish about it’s future due to their social engagement burning and their continuous token burning. I’ve just ended my 3-month staking with them and planning to renew it.

It seems to me that staking is utopia, at least in the long term. One of the older POS coins, DASH, can be taken as an example. Those people who have been staking it by buying it at high prices are very unlucky. I think all POS coins end up with the same story. Now it is possible to stake ATOM to get bonuses from other projects, but looking at history of other coins I don't have confidence in getting profit from it.

GatotKaca

sr. member

Activity: 1372

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Seabet.io | Crypto-Casino

Quote from: LastKiss on March 30, 2022, 08:45:27 AM

Staking is the best option if you want to get money without extra effort because someone who has a real job like me doesn't have a lot of time to do some analysis for daily trade, Staking also can increase your holding by doing nothing but in you should do some research first before doing staking because you can't stake in untrusted place.

not all staking will bring profit. Market analysis in the staking set is also important. because the market can fall when you stake. even though the number of your assets increases but its value will decrease.
when you are ready to stake your assets, most importantly you must be ready to hold assets in the long term.
currently staking that I do is only for CAKE assets.

cheezcarls

hero member

Activity: 2254

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Looking for gigs

Staking is good for a coin or token if it’s real use cases, fundamentals and demands are great along with it’s high liquidity, team with great reputation and great trading volume. Like AXS for example, it is one of those coins that are worth to stake regardless of the price.

Right now, I am staking KOMs (Kommunitas) for me to be eligible for participating in IKO (Initial KOMmunity Offering) campaigns as well as being bullish about it’s future due to their social engagement burning and their continuous token burning. I’ve just ended my 3-month staking with them and planning to renew it.

LastKiss

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Binance #Smart World Global Token

Quote from: Garsipop on March 28, 2022, 04:04:10 PM

Quote from: Bertyda on March 27, 2022, 03:07:15 PM

Quote from: LaCucina on March 22, 2022, 03:16:53 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 is a good way to earn passive income. But the most important thing is to find the best project for staking.
Now investors have a big choice of projects for staking to earn more profit.

Staking allows to earn passive income. Now cryptocurrency market rise and many people pays attention to new projects with staking to earn more profit on staking.

Staking is the best option if you want to get money without extra effort because someone who has a real job like me doesn't have a lot of time to do some analysis for daily trade, Staking also can increase your holding by doing nothing but in you should do some research first before doing staking because you can't stake in untrusted place.

firmino10

member

Activity: 372

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elysian.finance

Coin staking are good but it also has risk. Making adequate research of coin that use proof of stake and also platform that are flexible in coin withdrawal to make other investment is important. Also know that its a form of passive income. Unless one wants to stake alot of coin thereby making one become a validator.

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