Is Staking Coins a Good Idea? - page 8.

the ghabbar

member

Activity: 588

Merit: 11

Futiracoin.com

Quote from: DanielBroonze on August 21, 2021, 05:07:22 AM

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.

Many coins available today are suitable for investing with a bet of one month, six months or even one year, but we must be able to make an analysis of the coin in a certain time period, sometimes the coins can not provide bargaining value at the beginning, but at the same time Coins will show an increase, usually bitcoins are suitable for investing using a six month or one year pattern, whereas meme coins do not all fit into this pattern, given that many dead coins are not able to provide valuable bargaining value, when using a long term investment formula.

onecall123

sr. member

Activity: 2156

Merit: 323

Quote from: Ridi on September 18, 2021, 12:08:36 AM

Of course yes, staking coins is profitable because one typically earns interest just for holding coins in a wallet.It doesn't necessarily require more investment to generate a profit, one could call it profitable. Staking is as profitable as the mining or trading of cryptos, and it comes without risk. It is a good idea 👍

Staking isn't to make big money, it's just to increase your profits. Nevertheless, it is an easy way to earn a few profits. Taking profits will not be possible if the market starts to go down. If the exchange or platform you're staking on fails, you could lose it. To begin with, you should seek out some real projects in DeFi that have good yields on staking.

Ridi

member

Activity: 200

Merit: 11

Of course yes, staking coins is profitable because one typically earns interest just for holding coins in a wallet.It doesn't necessarily require more investment to generate a profit, one could call it profitable. Staking is as profitable as the mining or trading of cryptos, and it comes without risk. It is a good idea 👍

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: naikturun on September 17, 2021, 09:52:22 AM

Of course it is profitable if coin staking is still being carried out until now, but by paying attention to the type of coin you are staking and the amount of apy(%) offered because it will be different for each coin, usually staking projects aim to keep some people from selling their coins and give bonus coins to those who stake their coins.
so staking is good if you choose a good one.

Absolutely right. It is a good idea and attracted Billion of Dollars investment in 2020 when DEFI sector came in the lime light and number of Successful projects launched though there were many scams , as well. Having regular passive income is need of everybody because it gives you financial freedom and you can maintain a life style without actively involving in Business activity. This is the reason this sector is very popular among long term investors and will continue attracting investment and scam projects will be filtered out by the passage of time.

Banulit

full member

Activity: 674

Merit: 100

Quote from: DanielBroonze on August 21, 2021, 05:07:22 AM

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 of earning passive profit and it is just a saving account in the bank wherein you are getting profit by saving same as we in crypto while you are hodling for a specific time you are also earning.

rika0223

full member

Activity: 634

Merit: 128

Quote from: DanielBroonze on August 21, 2021, 05:07:22 AM

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 believe in staking and That's a good idea for me, but we also have to be careful about what we are betting on the betting platform, so we have to be careful and careful in this, because we are risking value to trade coins that we don't know how to do. in the future, so whatever the risk ahead of us we must accept it even though it's a small risk then the profit is also small, if the risk is big then the profit is also big, the point is that every time we put a coin it means we are ready for all the risks

Bollexz1

member

Activity: 868

Merit: 12

For me yes! Because it basically make me to earn more and hodl a little longer without ever thinking of the possibility to sell off.

Jaered

jr. member

Activity: 840

Merit: 4

DeFi is a burgeoning crypto space that has billions of dollars worth of tokens locked up. The APY and APR are mouth watering, but there's a catch. The catch is the price of the native token of the dex or amm. The thing is prices usually crash as you farm the tokens. I have been there

lousie9

sr. member

Activity: 1680

Merit: 263

Staking is one alternative for us to get benefits when we holder a coin but we also have to be more careful when we want to staking on a platform and we also have to know that the platform is really safe to be used as a storage tool that will we use and the most important thing is that the platform does not lock the coins when staking so that we can freely withdraw our assets.

Coin BTC

member

Activity: 721

Merit: 19

Trident Protocol | Simple «buy-hold-earn» system!

Quote from: DanielBroonze on August 21, 2021, 05:07:22 AM

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 profit we get when staking is of course based on the length of time staking. If we do staking within a month, of course it is much different from staking within a year. APY or APR is what gives the level of profit. But the problem is we are difficult to predict the price of coins a year later. If the price of the coin continues to increase, then the profit we make will double. Meanwhile, if the coin price drops, the number of coins that increase will not mean anything to us. Usually, investors who stake them will hold the coins for a long time.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: sayam on September 17, 2021, 10:17:26 AM

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.

By investing to crypto you already stepping with risk, spice it up with staking takes you to another level of risk. Without proper knowledge to what you are doing would only cause you to lose your money.

It's always good to perform decent research and know if you can handle whatever unexpected situation happens, make sure to have sets of plan to make sure that you can easily adjust if things is not moving according to how you foreseen the future of your investment.

Staking in general is a good source of passive income if you choose the right asset to use.

otundebis

full member

Activity: 630

Merit: 100

Staking to earn is now part of many projects, staking gives mutual benefit both to the stakers and the project. It ensure price stability and value rise while the stakers get juicy earnings. Those that stake early in new project could get amazing Apy, I remember I was getting almost 3k percent on pancakes pool at a time. If you are not a trader, the best option for you is to stake!

Benefactor

hero member

Activity: 1260

Merit: 504

The more noteworthy return is should have been held there for somewhere around a year. Some marking wallets will give you the every day benefit that you have dependent on the amount of coins you're purchasing. Possibly my decision doesn't bode well yet I educate you with any structure concerning stakes to pick quality activities and not enjoy time.

sayam

jr. member

Activity: 1442

Merit: 2

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.

19Nov16

sr. member

Activity: 1722

Merit: 252

Quote from: ?? on ??

I think staking is one of the ways we invest in the long term, but what we have to look at is how a project is, what platform they use, so that we can benefit from the staking that we do.

Staking is an alternative to earn easily compared to other methods such as trading or mining, I followed several staking programs and the results were quite good, of course, more staking will make us more confident in the development of the coin.

naikturun

sr. member

Activity: 1190

Merit: 267

Undeads.com - P2E Runner Game

Of course it is profitable if coin staking is still being carried out until now, but by paying attention to the type of coin you are staking and the amount of apy(%) offered because it will be different for each coin, usually staking projects aim to keep some people from selling their coins and give bonus coins to those who stake their coins.
so staking is good if you choose a good one.

Masyudhi

sr. member

Activity: 1008

Merit: 250

SmartFi - EARN, LEND & TRADE

Quote from: faithupgrade on September 17, 2021, 09:23:46 AM

Staking is good only in huge amount "AND" must stake only during BULL RUN. Theres no good profits during bear market. Staking is not very safe it can be hacked too. So better store your coins in a cold storage wallet.

save it just to wait for the price to go up. but staking can increase the assets we have.
I staked assets in the dump market. because that time for me is most suitable to buy and stake with the profits that we can get while waiting for the price to rise again.

faithupgrade

sr. member

Activity: 475

Merit: 253

ARCS - A New World Token

Staking is good only in huge amount "AND" must stake only during BULL RUN. Theres no good profits during bear market. Staking is not very safe it can be hacked too. So better store your coins in a cold storage wallet.

Quote from: DanielBroonze on August 21, 2021, 05:07:22 AM

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.

rezasg

newbie

Activity: 74

Merit: 0

Quote from: DanielBroonze on August 21, 2021, 05:07:22 AM

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.

You might want to check out Stakenet Staking as well.
Stakenet invented Cold Staking via TPoS and currently in public beta for the worlds first true Lightning DEX built directly into their multicurrency light wallet.

Xampeuu

full member

Activity: 1442

Merit: 116

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Sithara007 on September 17, 2021, 12:53:00 AM

Staking will be a loss-making exercise if you invest in the wrong coin. In the past I have made this mistake and I am saying this out of my own experience. If the development is stalled and the coin is not good, then the profits you receive from staking may not be enough to offset your losses that occur as a result of a dip in the exchange rates. At least for me, PoS coins returned an overall loss over the last few years, while the PoW coins provided good profits. It can be my mistake as well. I might have ignored the good PoS coins and went for the bad ones.

Staking also has risks, our intention is to accumulate coins, but if the coins do not have a good development, then this will be useless. therefore analyzing it first before choosing coins for staking is very important so that we don't lose time and money

Topic: Is Staking Coins a Good Idea? - page 8. (Read 2070 times)