Topic: Is Staking Coins a Good Idea? - page 5. (Read 2070 times)
I guess that staking coins is really a very good idea especially to every crypto holder such doing either short term or long term knowing that they earn passive earning while staking the token they hold.
If you’re going to hold a shitcoin you might as well stale it right? Otherwise you’re essentially losing money as everyone else’s free tokens devalue yours. I’d just make sure you staked it with a reputable service, or even better to do so yourself.
I’d never stake my Bitcoin though. Don’t trust that I’d ever see them again using a staking service.
I’d never stake my Bitcoin though. Don’t trust that I’d ever see them again using a staking service.
Staking also has something in common with deposits, namely by depositing a certain amount of money and letting the bank manage the assets you invest there. In staking, locked crypto assets or currencies will contribute to aligning all stakeholder desires.
So, if there are enough entities that have crypto assets that stake in a network, then everyone involved has an interest in keeping the network running and growing. However, if there are not many entities that stake, then this process can be a loss because the network will be difficult to develop.
For that, it's a good idea to choose a token or coin that has a good reputation and network.
So, if there are enough entities that have crypto assets that stake in a network, then everyone involved has an interest in keeping the network running and growing. However, if there are not many entities that stake, then this process can be a loss because the network will be difficult to develop.
For that, it's a good idea to choose a token or coin that has a good reputation and network.
It's good passive income and helps the ecosystem of your coin. Even if you have a small amount any free coin is better than no free coin. If it's a coin you'd want to sell if there was a sudden 2x - 3x spike, staking may not be the best option because it could dip before you're able to sell.
You can’t sell when ur staking and it’s useless unless your staking thousands you know what your gonna make off say $200 staking? About $1 that’s it and in the meantime if you coin skyrocketed 1000% that day you can’t sell then it will tank and u still can’t sell till it’s to late
Staking gives passive income so I think yes it's a good idea but but we have to have in our minds that the price of thoes coins will not remain the same and 95% staking coins get low on price drastically so be cautious about investing in high prices.
staking is a good idea but it is mean for the rich. staking is better than farming. you can pull out your token from staking whenever you want to and it is possible the token price have increased. you can sell if you want to but i think it is better to stake than do farming. during farming, you loose your token when the price goes up and i have decided to stake my new tokens and never join farms. some of my tokens that i have earn are from farming but i want to move into staking.
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 DeFi is being used in an increasing number of industries. This significantly increases the popularity of DeFi. And DeFi is also a great opportunity to make money, many people earn money on DeFi, which is why DeFi is so popular now.
The most important thing is to continue developing the project in order to implement all the ideas conceived and the users of the platform had more opportunities to earn money.
It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.
But there are also a lot of defi projects that are not really targeting what it use to be.Everyone has to be careful with those defi projects and if they just want to earn passively, you can choose to have staking coins and just do it on your own without depositing it to any platform.
You need to work carefully in choosing what defi project to invest your money, just like what you say there are also defi which is not performing and investing to that will only lead you to lose your investment, carefully analyze and then assess if you are targetting the right one, before you proceed make sure that you are done with acknoledging all the information that you need in order to react and adjust if there's a need for you to do so.
It all sums up with the chosen defi or coin that you're investing because not really all of them are legit.
It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.
Then has DeFi not been used in a new area that has been a lot of people in cryptocurrency? because the popularity of DeFi has occurred in cryptocurrencies so it is impossible for its use only on new projects that do not have any potential. 
It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.
But there are also a lot of defi projects that are not really targeting what it use to be.Everyone has to be careful with those defi projects and if they just want to earn passively, you can choose to have staking coins and just do it on your own without depositing it to any platform.
You need to work carefully in choosing what defi project to invest your money, just like what you say there are also defi which is not performing and investing to that will only lead you to lose your investment, carefully analyze and then assess if you are targetting the right one, before you proceed make sure that you are done with acknoledging all the information that you need in order to react and adjust if there's a need for you to do so.
It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.
But there are also a lot of defi projects that are not really targeting what it use to be.Everyone has to be careful with those defi projects and if they just want to earn passively, you can choose to have staking coins and just do it on your own without depositing it to any platform.
It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.
But there are also a lot of defi projects that are not really targeting what it use to be.Everyone has to be careful with those defi projects and if they just want to earn passively, you can choose to have staking coins and just do it on your own without depositing it to any platform.
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 isn't really for someone who wants to make money with their capital, it's just for someone who already has a large amount of staking and doesn't know what to do with their money so that they can stake and get very small returns per year. So you have to hold your coin for a year to get that return but during the holding period your coin value may go down by 50% or go up by 50% so understand the risks associated with that before staking. 
Staking of coin is good for those who don't want to do crypto trading, staking can give you a fixed amount on your coin and you need to lock your coin for 1 month,3 months,6 months, and 1 year, APY will be per year and you will get the benefit but the staking coin price is going down then you will not get benefit and if the price goes up then you will get benefit from staking.
maybe staking is one of the alternatives available for those who don't want to make trades that may be a bit complicated and full of risk, if one analyzes it incorrectly, especially those who have an impatient character. but the existence of staking is it possible to reflect on a bank called deposit? maybe yes and also maybe no because some of the characteristics they experience are not the same as what you describe.I don't know if staking is also for bitcoin? if there is, of course I think staking is inappropriate and feasible for bitcoin only for altcoins, and even then if I see it is better for coins that are just growing in the market. If it's bitcoin, just hold it and it will automatically increase and staking is not needed.
we have to very selective choose coins that will staked for some periode, and never tempted to high APR only meanwhile they have no utility or maybe project developtment progress run slowly. if we ignore this points, our coins value will no have additional value to attract investors or traders. staking hopely could decrease supply circulation in market so price could increase , but if we see the opposite better to stop it.
Actually you are right, that maybe the main purpose of staking is for altcoins that have just entered the exchange so that there is not a lot of coin supply in the market, so they can suppress prices not to go down but to increase. but that is theoretically desirable in coin development, otherwise it is clear that there will be no benefit from staking. Staking participants will certainly be disadvantaged, because the quality will go down even though the quantity is the same. 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
The more good projects appear and are used in DeFi, the more people will trust the Ufi industry and the opportunities that this industry offers.
It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.
Of course yes staking is absolutely a suitable option to earn cryptocurrency without taking much risk I think this is a best way especially for those investors who always have long term investment plans although it's necessary to pick a reliable and secure platform to stake altcoins personally the staking platform on Binance exchange looks suitable to me because they provide various staking options with reasonable interest and duration.
It's a good idea to stake your coins, lots of people are staking as it is a trend now to stake the coins in their software wallets and then be able to sell them directly to the market, but the thing to note is that the Coins have better potential for the future .
yes, For staking people need to choose some potential coin that has a good future. Suppose you want to hold Cardano for 2 years, Than i suggest you to do stake with your Cardano. You will get a passive income from it and when the coin price reaches your target price you can unstake and sell your coins. both of your target will be filled up in this way.Doing shitcoin stake for high APY is not a good choice, because anytime the coins price can drop a lot and you will lose your initial capital. So always I suggest people to do stake with some best project. Now I am doing stake with NWC coin. It's very undervalued to me and I believe it will be $10 within a very short time.
The previous pledged alpaca yield can reach 200%, which is extremely high, but it will cause a lot of selling.
The current cake pledge rate is still good and can be taken out at any time.
The current cake pledge rate is still good and can be taken out at any 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.
Yes staking coins is one of the good idea for us to earn crypto and savings for the future. And one these platform that are good to use was Biswap, apploserchick mining, and Betfury gambling platform, these three for me was very helpful and it gave me profit daily, weekly, or monthly depending in your choice if you like to withdraw it. You can try to make a review or research about this tips in which I had given to you here.
Jump to: