Topic: How to make Profit off staking? (Read 532 times)
Staking is hard to make money with. Keys to look out for are getting in early, and a very strong community. Someone has to be buying up all of those new coins that are being made. Otherwise the price is going to tank
I have found with staking coins is to get in early and look for coins that have a solid dev and community backing. Also you would need to invest a fair bit of money so that you can get as much staking rewards as you can. MOIN has been a great staking coin for me as I got in when MOIN was around 450 sats and now is trading at close to 3k sats. Same goes for BitBean and a few others which have strong community support with an active dev and I'm sure there are a few others out there but these are the ones that have been doing well for me over the long term.
A good dev and a great community is always important for coins, although all the coins started with something small, but someone could grow up and some can not.Yes very true as an active dev is very important and strong community support before investing into any crypto currency. This is what I always look for and also a low coin supply to start with also helps when investing in POS coins and also a low marketcap.
I have found with staking coins is to get in early and look for coins that have a solid dev and community backing. Also you would need to invest a fair bit of money so that you can get as much staking rewards as you can. MOIN has been a great staking coin for me as I got in when MOIN was around 450 sats and now is trading at close to 3k sats. Same goes for BitBean and a few others which have strong community support with an active dev and I'm sure there are a few others out there but these are the ones that have been doing well for me over the long term.
A good dev and a great community is always important for coins, although all the coins started with something small, but someone could grow up and some can not.
I have found with staking coins is to get in early and look for coins that have a solid dev and community backing. Also you would need to invest a fair bit of money so that you can get as much staking rewards as you can. MOIN has been a great staking coin for me as I got in when MOIN was around 450 sats and now is trading at close to 3k sats. Same goes for BitBean and a few others which have strong community support with an active dev and I'm sure there are a few others out there but these are the ones that have been doing well for me over the long term.
very simple. You will buy low and sell high
Ha haNot as easy as said.
In fact the market does not promise the price we want, and we do not know the lowest price.
very simple. You will buy low and sell high
How can profit be made off staking?
just suggestion for yousimple way to get stake from you coin is by keep your coin on poswallet.
no need to do anything, your coin will automatically staking there.
How can profit be made off staking?
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