Topic: Is Staking Coins a Good Idea? - page 4. (Read 2055 times)
Staking is actually good for long term but always DYOR on token you want to stake and platform you want to use for staking. They higher amount of token/coin you stake, the bigger the profit.
I personally don't like staking. Because in staking, you have to lock your asset for certain period. You can't use your coin in that period. The value of your coin may dump a lot in the staking period. If you want to withdraw your coin before the end of staking period you may have to face a penalty.
I think staking is a good thing to test things out of the coin. Almost a year i am staking some coins, the results are often different from those in the deal, sometimes bigger or smaller, some of the coins I am staking until now are Tezos, Cosmos and VeChain.
Staking coin is an interesting thing to do as it yield profit, one can stake for some period of time depending on the agreement and its very profitable and also it is risk, but the profit depends on the amount coin staked and the percentage of profit agreed on for a particular time frame.
Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338
I agree about the competition, but it seems to me that the prospects for NFT in games are very large, because despite the great competition between games, each game has its own players, and the presence of NFT makes the gameplay more exciting and profitable.
For NFT games, a powerful blockchain is needed, now the Ethereum blockchain does not cope well with the load of DeFi and NFT and the commissions in Etheuem continue to grow, which is not convenient for using NFT in games.
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, currently I am also staking on several platforms, maybe the passive income generated when we staking seen from the number of tokens and APY provided by the platform, I think it will it is better for us to risk assets than just leave them in the wallet but provided that we are risking good tokens and low risk.You have to understand more deeper if you are aiming for passive income, the hypes also influenced the possible profits. Make sure to check the lock in period as it will determine the full potential of your earnings, if there's a long time frame think twice unless you really know or trust the developers, better to look for good and quality assets who will allow you to withdraw your fund anytime that you needed your money.
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.
Annual staking with monthly staking of course APY is much different. Perhaps for the percentage generated will be higher staking made within a year.
You can do staking on Binance, for me Binance is much safer than other sites that do provide special staking services. You can also stake on Pancakeswap, the APR rate is much higher compared to Binance. But I've never staked on Pancakeswap, so I can't explain the details. I often use Binance when it comes to staking, especially when I see the market is going down.
Binance indeed is the best place and there are many available options, do your DYOR and pick the right asset to stake your money.
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.
Annual staking with monthly staking of course APY is much different. Perhaps for the percentage generated will be higher staking made within a year.
You can do staking on Binance, for me Binance is much safer than other sites that do provide special staking services. You can also stake on Pancakeswap, the APR rate is much higher compared to Binance. But I've never staked on Pancakeswap, so I can't explain the details. I often use Binance when it comes to staking, especially when I see the market is going down.
normally APY is calculated as a percentage of the number of stack coins for a certain period of time. however, stacking coins will be better for players who like to hold coins for a long time, if in the short term the percentage of APY obtained will be small and if there is a bullish market trend it will be a pressure for yourself because the stacked coins cannot be withdrawn
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, currently I am also staking on several platforms, maybe the passive income generated when we staking seen from the number of tokens and APY provided by the platform, I think it will it is better for us to risk assets than just leave them in the wallet but provided that we are risking good tokens and low risk. 
Staking might be a good idea if all we bet is a shitcoin, at least it will make the shitcoin a little useful, but there are drawbacks to staking, where the assets we have will be locked for some time depending on the time period we choose , it's as if you don't have it in that time because you can't use it.
If your goal is to still keep money in the cryptocurrency market and not to invest into a volatile cryptocurrency now, then staking is one of the nice choices I suppose. But you should already be ready for not earning so much money in staking. 
I suppose that you are planning to stake not too much amount of money. Then it means that you will make a very little amount of profit as the rates are not that high.
I suppose that you are planning to stake not too much amount of money. Then it means that you will make a very little amount of profit as the rates are not that high. Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338
Now there is a lot of competition among cryptocurrency projects, so it is very important to continue developing the project in order to survive and attract the attention of investors and users.
I agree about the competition, but it seems to me that the prospects for NFT in games are very large, because despite the great competition between games, each game has its own players, and the presence of NFT makes the gameplay more exciting and profitable.
NFT is a great innovation to combine blockchain with games, I've heard that Google's income from selling game vouchers reaches up to $1.5 billion per year, with a large market this is certainly an opportunity to make crypto shine with the gaming market.
Staking is a popular trend nowadays, almost all new projects are always campaigning about staking, I think staking is a good idea because it will make the coin able to withstand various external disturbances, this is needed to make the team can focus on developing long term.
A good idea, and very suitable for those of you who at that time bought at the top price and have not benefited because the price is now below. You can put the coins on the staking and let them add up on their own. That would be better than being hold.
The option that you offer is classified as very good because by using a betting method that can ultimately increase the number of coins, the loss has been slightly covered or cut through the price decline that is currently happening on all coins, so for now the coin hold option is only done on certain coins only 
A good idea, and very suitable for those of you who at that time bought at the top price and have not benefited because the price is now below. You can put the coins on the staking and let them add up on their own. That would be better than being hold.
Staking is good especially when you are aiming not to leave your money in your checking account. Or when you don't want to buy any coin with your money but you still want to keep your money in the cryptocurrency market, then you can choose to stake into some stablecoins. Maybe they won't make you a lot of profit unless you stake a great deal of money but it is better than leaving it without doing anything.
I think It's the Best Idea I ever hear. Why? Staking help you to Gain benefit for your Holding and another side its help user to Hold their Assets for a long time. I personally get benefited from Holding coins & Token.
I would actually like to see more staking options in hardware wallets. Since holding coins in those wallets is considered to be the safest option, many of us are holding BTC and ETH there. Its sad to see that Ledger and Trezor are not offering to stake most popular coins but only few exceptions. I hope this will change in the future.
That's a good idea. But we have to know the risks. Usually putting coins on staking has an impermanent loss risk. That's something that many people usually fear. Once you put that capital, the price of the coin drops. That's where you'll lose a lot. Before making this staking capital investment be sure to consider the risks as well.
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 think staking Coins is a good idea, but only for people who understand what platform to bet on, and the timeframe it is necessary to pay attention to in order to find profit in Staking.
then also need to know that Staking is completely risky so you need to be careful when doing it.
Jump to: