Topic: Is Staking Coins a Good Idea? - page 7. (Read 2055 times)
It can be said that this activity actually provides quite a lot of benefits. If you are staking coins then you can get passive income without having to continuously mining or even trading on the crypto assets that you have. Staking coins is also known as a type of activity that has less risk when compared to trading or mining.
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 always depends on you.
If you have brief knowledge on staking coins, and can spend time on that then do.
Yes they give good returns and profit, but it also too take similar time.
Moreover regarding the time, it should also completely depends on you.
Just remember, more the months, more the interest.
I think staking coins is not profitable now. Its trend is almost over. Now NFT and Gaming Coins are much more profitable than staking coins.
Before 6 months staking coins given decent profit to investor like Cake coin,Juld and much more. But now trend of staking coin is much low. I recommend to follow the trend and make profit
Before 6 months staking coins given decent profit to investor like Cake coin,Juld and much more. But now trend of staking coin is much low. I recommend to follow the trend and make profit
If you are a long term holder then staking is the best idea there is, you earn extra coins/tokens on staking as the moment you hold it for a long period of time and not selling it. Though it may have a risk because once you stake you will send it to the staking address and you don't have control to it temporarily. But for the meantime, you can stake if you don't have plans to sell your coins/tokens for now.
Yes staking is definitely a great idea to earn money without risk but you have to do it very smartly. Without trading or betting staking is very nice to earn. If staking coin has been purchased ay Lower price then you will get benefit from staking and coin price increases as well. I think people from around the world earning from staking very well. Binance himself giving a great platform for staking.
Nothing is guaranteed on any exchange but chances are very low that exchanges such as Binance, Kraken or Coinbase would become scam. I love staking as it is "easy money" but I also always take my profits as anything can happen in crypto.
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
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 or yield farming is very profitable as of the moment dude, and it is really good to do it for now while we are waiting for the bull run again for cryptocurrency here in this industry. You can try Biswap, this is so far the one good that I saw in terms of staking and farming your assets depending in the coins you like to stake or farm. Good luck!
Timing is very important with staking, staking coin in a bull market is not a smart decision and staking longer than the bull market without the opportunity to unstake is dangerous. Many pointers should be checked before staking.
Indeed, without proper knowledge about the coin, you might miss your opportunities. Staking is good if you are planning to hold a coin in a longer period. Whatever the market shows, you'll not be shaken and not be bothered.
But if you are aiming for quick profits, staking might not be good for you, the market movement will hurt you and a possibility that you'll missed your chance.
Take a deeper time to analyze everything before you take this as an option for your investment journey.
Staking isn't effective if you're just going to stake for a few months up to 6 months. I think 1 year of minimum staking it is quite profitable.
But not that massive as holding and waiting for the price to go up. And when it does, you just have to sell it in profit with your gain from staking.
I think it's more effective comparing to some saving on traditional bank, Yes crypto was more volatile but if you are staking some major crypto like Eth and Btc i think it's worth, Some staking services out there especially exchange was offering high APY, beside that some coins even offering higher APY even though the price was more volatile but basically it's really worth if you want to store your value but gain higher returns. But not that massive as holding and waiting for the price to go up. And when it does, you just have to sell it in profit with your gain from staking.
Arguably the main reason why staking has become so popular is because it enables crypto holders to earn substantially higher APYs than traditional savings accounts or money market funds but there are also few number of risks involved in the process that you should be aware. Here I just shows some negative key points which implies risk such as Market Risk, Lockup Periods, Rewards Duration, Liquidity Risk, Validator Risk, Loss or Theft etc. Before investing in staking platform those things should be known to all.
Depends.
If you are able to stake the coins trustlessly, then yes.
If you have to stake it on some sort of a platform, then probably not. You are essentially giving away control of your private keys for a ~5-6% p.a. yield usually. I wouldn't be a fan of that especially for high growth coins.
If you are able to stake the coins trustlessly, then yes.
If you have to stake it on some sort of a platform, then probably not. You are essentially giving away control of your private keys for a ~5-6% p.a. yield usually. I wouldn't be a fan of that especially for high growth coins.
Timing is very important with staking, staking coin in a bull market is not a smart decision and staking longer than the bull market without the opportunity to unstake is dangerous. Many pointers should be checked before staking.
it all depends on the period or time of staking planning. sometimes in a bull market, short staking can also be profitable. but indeed staking when dump conditions will be more profitable. when buying assets at low prices and long-term staking while waiting for the market to improve will provide double profits.in bull market conditions it would be better for short trades than staking. we should be able to choose assets for staking and trading.
If you are holding your coin then the best way to earn from them is by staking your coin in that you can get a particular account of your share depend upon the APY/APR of that pool but it is more important than staking is to choose a smart project with goal and try to see the roadmap and partners of the. project first
Staking is a very good idea no doubt it that but it should be flexible. But if it's based on a specific day, then the amount of risk increases many times over. Investing in crypto is always a risky task, so keep that in mind also.
I prefer staking my coins on exchanges like Binance which guarantee flexible returns without more risks. Staking is a good way of holding your coin but in another interesting ways just like saving your money in the bank and getting interest on it weekly or monthly. If you are able to stake a good coin, before you get your staked coin, the market would have gone far. 
I don't see any problems with staking, it is surely a good idea. But you must stake your coins in trustable exchanges or reputable crypto platforms. There are already many good exchanges that offer staking with a good amount of profits. I already stake my coins in some exchanges lately, mostly did it in Binance. In my opinion, staking in Binance is one of the safest places. It is the biggest crypto exchange with a good reputation. If you want to try staking, Binance can be one of the most recommended places.
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.
if you put it in an exchange that has a good reputation and is guaranteed I think it is a very good idea, because a lot of people are doing that for now, meaning the profits are not only from trading but also from staking for the time frame you have specify.
Staking isn't effective if you're just going to stake for a few months up to 6 months. I think 1 year of minimum staking it is quite profitable.
But not that massive as holding and waiting for the price to go up. And when it does, you just have to sell it in profit with your gain from staking.
But not that massive as holding and waiting for the price to go up. And when it does, you just have to sell it in profit with your gain from staking.
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 method to earn passive income. Every day we will generate additional number of coins. But if your staking with coins is stable, then you can do it in the long term because the APY percentage is higher than you staking in days or months. But if you are staking with fluctuating coins, then it would be better if you stake in a matter of months. Because you can sell coins when the price change is getting better, but if the coin price still drops, you can continue staking.
if you put it in an exchange that has a good reputation and is guaranteed I think it is a very good idea, because a lot of people are doing that for now, meaning the profits are not only from trading but also from staking for the time frame you have specify.
Nothing is guaranteed on any exchange but chances are very low that exchanges such as Binance, Kraken or Coinbase would become scam. I love staking as it is "easy money" but I also always take my profits as anything can happen in crypto. After this there are many types of staking you also need to check this as well because few projects giving other tokens instead of their own and few are POS which will give you reward for helping blockchain. I believe in this rule that not your keys not your coins so try to have very solid platform for staking if you're not able to have your own wallet for this.
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.
if you put it in an exchange that has a good reputation and is guaranteed I think it is a very good idea, because a lot of people are doing that for now, meaning the profits are not only from trading but also from staking for the time frame you have specify.
Nothing is guaranteed on any exchange but chances are very low that exchanges such as Binance, Kraken or Coinbase would become scam. I love staking as it is "easy money" but I also always take my profits as anything can happen in crypto.
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