Topic: Is it wise to stake your crypto currency - page 4. (Read 1186 times)
The decision to stake a coin or hold it depends on your investment objectives, risk tolerance and understanding of coin staking. Indeed staking is usually good for profit. If you risk your coins, you have the opportunity to earn additional returns. However, keep in mind that the potential gains also come with risks. If the coin you are staking has problems or drops in price, you may lose some or all of the coins you have staked.
if you have 1000 TRX and hold for a long time and not staking then your TRX amount will still be 1000, but if you staking then your TRX amount will increase. so which one is profitable? I think you already know the answer. but more importantly here you should choose a reputable exchange or third party to avoid unwanted things.
That's logically right in terms of growing your investment, when you stake a coin then expect to earn percentage according to staking rewards, it's important to know what particular coin to use as your medium for your investment, I think it's been an open information to pick the project that still developing to get the potential to increase not just your holdings but also the value of your initial investment.
Staking might give you rewards, but not all projects have gained success. There are many staking coins dump so hard and until now, even you are earning rewards. The value from your initial investment in terms of fiat is far from what you have now.
the only coin available for staking that could plummet in value are those that are still on their initials stages, having some staking program for the sake of increasing liquidity.
meanwhile good coins usually offer relatively small returns yet they are consistent.
It's a cryptoverse version of 'fast and furious' vs 'slow and steady'. High APYs, like adrenaline rushes, might give you a thrilling ride, but remember, the faster you go, the bigger the crash. Stablecoins, with their steady returns, might not set your world on fire, but they won't burn your house down either.
The crypto landscape is more than just a treasure hunt; it's a chess game. A good strategist understands the value of pawns just as much as queens. Every coin has a role to play. Balance is key.
if you have 1000 TRX and hold for a long time and not staking then your TRX amount will still be 1000, but if you staking then your TRX amount will increase. so which one is profitable? I think you already know the answer. but more importantly here you should choose a reputable exchange or third party to avoid unwanted things.
But what if TRX continues to fall and can even become 0 like other altcoins,
I know that you trust TRX because their project can be said to be good,
but the risk will still be there, if staking is done for 1 year and is not flexible of course it will be risky,
but if flexible staking that can be revoked at any time, that's good because the risk will be smaller.
if you have 1000 TRX and hold for a long time and not staking then your TRX amount will still be 1000, but if you staking then your TRX amount will increase. so which one is profitable? I think you already know the answer. but more importantly here you should choose a reputable exchange or third party to avoid unwanted things.
That's logically right in terms of growing your investment, when you stake a coin then expect to earn percentage according to staking rewards, it's important to know what particular coin to use as your medium for your investment, I think it's been an open information to pick the project that still developing to get the potential to increase not just your holdings but also the value of your initial investment.
Staking might give you rewards, but not all projects have gained success. There are many staking coins dump so hard and until now, even you are earning rewards. The value from your initial investment in terms of fiat is far from what you have now.
the only coin available for staking that could plummet in value are those that are still on their initials stages, having some staking program for the sake of increasing liquidity.
meanwhile good coins usually offer relatively small returns yet they are consistent.
if you have 1000 TRX and hold for a long time and not staking then your TRX amount will still be 1000, but if you staking then your TRX amount will increase. so which one is profitable? I think you already know the answer. but more importantly here you should choose a reputable exchange or third party to avoid unwanted things.
that's true, if it's for long term holding for coin like this one which i'm pretty sure gonna be just stagnant for a long time then it's better staking, unlike some newer coins that moves a lot, if coin is pretty stagnant, the holders would hardly miss any opportunity of flipping their coins just because of locked up period of staking honestly. 
In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it
For me staking is always better. If you believe in the value of your coins then I advise you to do staking. Staking is good if you have 2,000 TRX and not good if you only have 10 TRX. So you can adjust how many TRX you already have.
if you have 1000 TRX and hold for a long time and not staking then your TRX amount will still be 1000, but if you staking then your TRX amount will increase. so which one is profitable? I think you already know the answer. but more importantly here you should choose a reputable exchange or third party to avoid unwanted things.
That's logically right in terms of growing your investment, when you stake a coin then expect to earn percentage according to staking rewards, it's important to know what particular coin to use as your medium for your investment, I think it's been an open information to pick the project that still developing to get the potential to increase not just your holdings but also the value of your initial investment.
Staking might give you rewards, but not all projects have gained success. There are many staking coins dump so hard and until now, even you are earning rewards. The value from your initial investment in terms of fiat is far from what you have now.
if you have 1000 TRX and hold for a long time and not staking then your TRX amount will still be 1000, but if you staking then your TRX amount will increase. so which one is profitable? I think you already know the answer. but more importantly here you should choose a reputable exchange or third party to avoid unwanted things.
In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it
If you have a significant amount of tokens to stake and don't need a quick profit, then yes, staking can be a fruitful way to generate passive income without trading. However, if you only need to make a small investment, a bet will not generate a significant or recognizable return.
Right, One of the passive income options provided by trading services or platforms. Of course why not. However, my advice is to try to read and review the terms and conditions that apply to the coin you want to bet on, because if you go straight to staking without knowing the rules it could be another story and on the other hand By staking, you are contributing to the stability and growth of the network, which can increase the value of the cryptocurrency you hold. Happy staking.
Staking is a trap for most tokens, the team will lock your tokens and will keep diluting you until the value become valueless, I made this mistake before and won't do it again, as more tokens are released to the market, people will take it and dump them immediately on the market and the price will be suppressed, some tokens have good tokenomics to protect token holders but most of these projects have a very bad designed tokenomics, I remember stupidly buying PathDAO tokenduring IDO and staked it after the IDO, the price never went above the listing price since day one because the inflation was so high and people keep harvesting these tokens and dump them immediately on the market.
It depends on the project. If you staked Polygon since ICO you would be rich right now. The same is true for Q Blockchain likely, which hasn't listed on an exchange yet. NEAR protocol also has good staking rewards. 
Staking is a trap for most tokens, the team will lock your tokens and will keep diluting you until the value become valueless, I made this mistake before and won't do it again, as more tokens are released to the market, people will take it and dump them immediately on the market and the price will be suppressed, some tokens have good tokenomics to protect token holders but most of these projects have a very bad designed tokenomics, I remember stupidly buying PathDAO tokenduring IDO and staked it after the IDO, the price never went above the listing price since day one because the inflation was so high and people keep harvesting these tokens and dump them immediately on the market.
You can stake the first row tokens in the market. Because if they fall in price, there is no chance of falling. Your loss will be less. And if you stake an alt coin, you cannot say whether you will make a profit or a loss. But if you stake the first row Better to tokenize
Staking or hodling TRX depends on your goals and risk tolerance. Staking can generate passive income, but it carries risks like lock-up periods and network vulnerabilities. Hodling allows potential price appreciation. Consider your investment objectives before deciding.
Staking cryptocurrency is wise, if you have a goal for holding long term. It keeps your mind off the cryptocurrency and you get rewarded for staking. The only thing I find uncomfortable is the fact that the staking reward is in most cases meager especially if you are staking in reputable institutions.
that's true, everyone is trying to stake and get some reward out of it, especially the stablecoin staking, so it reputed platform like binance for example, the APY was some measly amount.therefore most of the time it'd just become waste of time.
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Staking and hodling are different ways of investing in crypto. Staking gives you income, but hodling gives you potential growth. Choose what suits you best.
Staking will be giving you capital gain as well as holding. it's caused by when you were staking your asset and that means if you are also holding your assets. Staking will give you more benefits as you will be also able to get additional income from what you have been holding.
You can try to learn more about that to know what staking is. It's not only about getting interest from staking your assets.
Staking cryptocurrency is wise, if you have a goal for holding long term. It keeps your mind off the cryptocurrency and you get rewarded for staking. The only thing I find uncomfortable is the fact that the staking reward is in most cases meager especially if you are staking in reputable institutions.
nowadays i will suggest only to look out for the investment, staking doesn't seem to be that much great of an option nowadays.
it's just a way of stacking rewards and that's it, current altcoin value fluctuates a lot, that I think it's better trading the asset than staking it.
it's just a way of stacking rewards and that's it, current altcoin value fluctuates a lot, that I think it's better trading the asset than staking it.
Whether it's really good or not is up to you to decide in this regard. Usually, staking is for people with large assets because it brings high returns for such objects. However, it also has a degree of risk when you are locked out of a certain amount of coins to receive rewards, not being able to control them yourself, and the risk of losing your property if one of them is unfortunate enough to have a problem. So think carefully about the problem before making a decision.
I agree, when you have 100 dollars with 5% yearly return that's just 5 bucks a year, that doesn't really feel like much, you can do with that 100 bucks a lot more in a year to get a lot better results, not as guaranteed but even staking is not guaranteed so it doesn't really make sense.However, if you talk about something like 100 million, that right there is 5 million, in fact if you talk about even just 1 million, that's 50k, more than enough for the whole world, and most of the world could even live with 100k which would have 5k yearly return, not ideal, but there are nations you can live with that. So all in all I would guess that it would be a smart decision to stay away from it as much as possible, not saying you must, but it is a good idea if you do not have much.
In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it
if you are investing for the long term, then staking is the right choice, because it can help you to increase the number of your coin that you invest, but if you are investing for the short term or trading, then my advice is that you better not do staking, because if the price of coin that you invest has increased very high, then you can't sell it right away to take profit, so it's better for you to just hold it in your wallet and not staking it.
Got that point and very logical, if staking has a lesser risk investment for sure more investors will follow the system and might see lesser traders inside the market, but yeah it's about the timing and how good your research before jumping into any conclusion about staking coin/s more on personal take and how you trust the team behind every project.
Passive opportunity if you manage to enter and stake during the early stage and manage to sell it out when it's picking before the market fall against you.
A decision to make that you really need to understand the potential and the risk behind the business.
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