Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
I personally don't like staking. Because here your asset will be locked for a long time. You can't use your asset even if you need to. And the longer you stack, the more interest you will get. 
Topic: Is Staking Coins a Good Idea? - page 15. (Read 2055 times)
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is a good way for some passive income but you should know about how it works. There are different types of staking methods like you can stake your token and will receive some other token as a reward. You can put your coin in proof of stake so that you will earn that same coin by helping that blockchain to run. It will be better not to stake your token for a fixed time like 6 months or 1 year if it's not a stable coin. You could take losses if the market crash.
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
The staking strategy is certainly one of the most popular ways to earn passive income in the crypto asset trading market. But behind all that there is a big risk that we must accept, therefore before deciding to staking, do research first and make sure the platform chosen is a trusted platform, this is to minimize this risk. Staking is good for us. By staking, we will get passive income in the form of rewards or interest from locked assets. This makes it easy for us to have diversified income from digital assets. 
Currently I am also staking on several platforms and now it has been running for 1 month, maybe the passive income generated when we do staking is seen from the number of tokens and APY provided by the platform, so even though the value is only a little then when we staking it will only add a little of our monthly results and maybe our income will be bigger if we do staking with a value of $ 1000 maybe that's the right capital to start.
I think it would be better for us to keep the asset at stake rather than just leave it in the wallet but provided that we are staking tokens that are good and the risk is low.
I think it would be better for us to keep the asset at stake rather than just leave it in the wallet but provided that we are staking tokens that are good and the risk is low.
In my opinion, it's good to invest in staking coins because these coins having two benefits
1: staking profit
2: due to staking supply will be limited and prices go in big profit
1: staking profit
2: due to staking supply will be limited and prices go in big profit
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Only if you you hodl this coin. You should never buy coins for staking. You should buy them when you know that its a great project that you checked and want to invest. Staking is only an extra few % annually. Its nothing comparing to monthly price amplitude ... not even saying about annual price amplitude that can go from -100% to x100.
And check from where rewards come from. Some coins are paying high rewards (>100%) but coins comes from distribution of new coins what cause inflation which burn all your gains because at the end of the day it does not matter if you hold 1000 coins out of 10 mln that exist or 2000 coins out of 20 mln after a year of staking.
A lot of persons are writing Staking is good but do not forget that it has it own hidden risks that is attached which one need to be prepared against. Only Stake what you can afford to lose, not just staking all your earnings because of the enchanting benefits that is attached.
Do not forget that when staking your coins, there is high probability that the site can be hacked and all your earnings might disappear in a single seconds which is why many experience investors always prepare for the worse before engaging in staking of coins.
Do not forget that when staking your coins, there is high probability that the site can be hacked and all your earnings might disappear in a single seconds which is why many experience investors always prepare for the worse before engaging in staking of coins.
What is stacking and how to do it? What is API and how much interest can be obtained by keeping it for a long time?When you deposit a coin with a certain time, that is stacking. And API is how much interest you are getting as a result of your deposit. If you do this for 30 days 60 dayes days and 90 days then you will get interest like the picture given below. As I explain with some pictures below
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is a good idea, it really makes sense for wide angle defi platforms. Depending on the perspective of the protocol and the smart contracts set up, I have tried staked/farming on some defi projects on Polygon but the results are really disappointing, defi face is deflation but it changed the meaning completely when there were so many opportunities to manipulate prices and rugs. Currently I bet with Sovryn, the value(APR/ APY) of stakes on their protocol depends on “vesting power” which means the more you use the platform, the higher the benefits. It has deflation by splitting the reward with a 10 month translational vetting. Maybe my choice doesn't make much sense but I advise you with any form of stakes to choose quality projects and not indulge in time. 
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
It is good if you will not use the coins you're going to stake for a year. The greater return is needed to be held there for at least a year. Some staking wallets will give you the daily profit/interest that you have based on the quantity of coins you're buying.But there are also holders that don't like to stake because instead of staking it, it's better to hold it because you're free to do and move it anytime at your will. Because some staking requires you to lock on your deposit through an exchange.
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is not actually for someone who is looking to make money with their capital, its only for someone who is already having huge amount of staking and don't know what to do with their money so they can stake and get very little returns per year. So you have to hold your coins for a year to get that return but while holding period the value of your coin may fall 50% or rise 50% so understand the risk associated with that before staking. 
staking is a good idea, because if you hold coin that you have for the long term, then it is the right choice for you do staking, because you can get passive income from staking and in my opinion staking is also safe, so you will not experience any loss from staking (as long as the price of coin that you are staking does not go down), then the longer you choose the time period for staking, then APY you get will also be higher, because APY depends on the time period you choose for staking.
APY means yearly interest for your coin that staked in the network. Staking is a good idea but you must have known about all of the risks. When you're staking and you must try to stake on the platform that will not lock your token and did vested for your reward.
How much you can earn from your staking totally depend on how much APY that already offered by the staking platform. More APY and you will get more token as the reward for your staking activities.
Let's say you will get 120% APY and when you're doing staking for a month and you will be earning 12%, 6 months you will be earning 60%. When you are fully staking your amount for a year and you will earn 120%
How much you can earn from your staking totally depend on how much APY that already offered by the staking platform. More APY and you will get more token as the reward for your staking activities.
Let's say you will get 120% APY and when you're doing staking for a month and you will be earning 12%, 6 months you will be earning 60%. When you are fully staking your amount for a year and you will earn 120%
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
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