Topic: Is Staking Coins a Good Idea? - page 9. (Read 2070 times)
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 coins is one way of getting additional income from crypto assets, Staking itself is a process when you actively participate in validating transactions on the blockchain with Proof of Stake (PoS) consensus, One thing to note before you decide to staking is,
hold the coins you have for the long term and
do your research first and make sure the platform you choose is a trusted platform, because, with staking, you are required to lock the crypto assets that you own for a certain time. This means, during a certain time, we can not sell the coin.
hold the coins you have for the long term and
do your research first and make sure the platform you choose is a trusted platform, because, with staking, you are required to lock the crypto assets that you own for a certain time. This means, during a certain time, we can not sell the coin.
Staking coins will be more profitable in the long run and in large quantities. so if you use a little capital you will get less results, but you can staking coins for new releases, usually they offer high apy, but it is very risky and the price can drop drastically.
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 a good idea provided you invest your funds in good DEFI project. APY means Annual yield, This % shows your annualized return if you don't harvest your daily reward for one year. In simple words you can say it compounded interest on your investment. In staking if your project is good and the price of its coin is increasing then you get daily reward as well as price appreciation benefit on your investment. You have to be very careful when choosing DEFI for staking because there are many scam projects in this field so do good research work before you put in your funds.
I preferred to stake without timelock and able to unstake it everytime. My suggestion is doing staking pools on Dex, so you can attract your money when its needed or when the price go up, so you wont miss the pump.
Staking with timelock would probably make u still locked when the pump comes.
Staking with timelock would probably make u still locked when the pump comes.
staking is excellent as an alternative to long term hold, certainly in a year an altcoin can change its value drastically and blocking them for such a long period can be a gamble, a risk but if you use stablecoins for staking the risks are minimal and you can get great satisfaction
Levelling is not something I enjoy doing. Therefore ones commodity will really be secured for an extended duration here. Regardless if you ever need to, we can't utilize their commodity. Additionally, the further you stacking, so more income that would receive.
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 is one of our ways to generate and increase the number of coins we have. But for Staking on new coins I think the risk is greater even though the offer is very tempting. In my opinion staking will be safer on coins that are on top coins and projects that have experience and can be trusted.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.
with staking, you need to be very careful, because the sites are now being lured by high apybs, and after the start it does not come out as well as I wanted, what I'm leading to...it's better to stake stablecoins, although apy is a small but reliable investment, you just need to choose a good defi exchange, with a good audit, etc.Deal with your research it saves you a lot! Before exploring to this staking business you need to have broader knowledge about the project that
you'll going invest your money.
If you use exchange, Binance is one of the most common place to pick coins and stake your investment, there are many available assets both stable
and cryptos, it's up to you to choose if what you think is good.
Don't be too greedy, if you want in a much safer side, best to use stable, though it's offer small apy.
On top of financial returns, crypto ‘stakers’ – in some cases - also get the right to vote and participate in the governance of the token network. In absolute terms, the best crypto staking services are those trusted platforms that offer higher yields. The rate of annual return is an estimate though, as actual yields can fluctuate by quite a lot depending on how much others lock up. Source: https://blockster.com/blockdesk/1493_top-three-crypto-wallets-that-support-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.
with staking, you need to be very careful, because the sites are now being lured by high apybs, and after the start it does not come out as well as I wanted, what I'm leading to...it's better to stake stablecoins, although apy is a small but reliable investment, you just need to choose a good defi exchange, with a good audit, etc. 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.
For me if you are going to hold your coins for a few months or year, it's much better to stake it. The reason is that even if you are just holding your coin, you still have chance to earn more of that coin instead of just holding your coin in your wallet.
but if you want to do more, you can trade, but this is clearly a risk that will be carried if it is wrong to analyze properly. so that now there is staking which is also the same as holding, but only a slight difference which is determined by time and the benefits can be better than just holding, at a glance like the deposits we do at the bank.
It is necessary to understand that holding coins for the long term has very big advantages. And even despite the high volatility of the cryptocurrency market, such coins as Bitcoin and altcoins from the top 10 will give a very strong growth in the future, even in the case of a small drop. We observed this in the autumn and winter of last year. Therefore, I hold promising coins and expect good growth from them in the near future.
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.
For me if you are going to hold your coins for a few months or year, it's much better to stake it. The reason is that even if you are just holding your coin, you still have chance to earn more of that coin instead of just holding your coin in your wallet.
but if you want to do more, you can trade, but this is clearly a risk that will be carried if it is wrong to analyze properly. so that now there is staking which is also the same as holding, but only a slight difference which is determined by time and the benefits can be better than just holding, at a glance like the deposits we do at the bank.
Because of the energy consumption issues that arise in cryptocurrency mining, staking is often considered as an alternative. I read an article on this topic here recently, I'll leave the link https://blockster.com/blockdesk/1410_can-staking-lose-your-crypto
Indeed, mining coins with mining device is very energy-consuming such electricity and heat.
Staking is a very good alternative for people who doesn't want to spend much energy on environment.
But usually the price of PoS coins is more volatile than PoW coins.
Staking could be a good way of making little profits without doing anything, it could be more like passive income, well I think staking isn't for people with small capital because the income it will yeild will be small depending on the capital tho, staking isn't for those looking for quick profit because it requires a longer period of time for the capital to accumulate more percentage, tho some staking platform gives more percentage than the others and some could be more lucrative and beneficial.
Staking is suitable for people with small capital with newer tokens because they offer prize for locking tokens and although it can be based on capital, because its a new token with relatively low price the reward can become big if the project grow like many of NFT project that usually have very cheap price of token and later grow to become valuable because the project is booming. Like staking in some NFT project partnered with binance they offer staking with reward in token and later the token price become very high because pump. 
Staking is good, if. Yes theres an "IF". If the price of the coin you are going to stake is going up. Then stake the coin, because aside from holding you gain a few profits from staking.
If the price of stake coin is bearish, then better sell the coin and hedge the price in USDT. Remember this, even the coin is producing profit thru staking. The amount of coin you can buy once it reaches the bottom might be double or 4x of its amount.
So better plan your trading or staking.
If the price of stake coin is bearish, then better sell the coin and hedge the price in USDT. Remember this, even the coin is producing profit thru staking. The amount of coin you can buy once it reaches the bottom might be double or 4x of its amount.
So better plan your trading or 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.
The strategy sounds good but we never know when the tables turn and the price swing upwards.
Staking is for the long term holders who can patiently wait for a long term without worrying much about the dump/bear market.
Yes, selling and buying will gives us a much more amount of coins but with that comes the risk of losing coins as well while with staking the amount of risk is relevantly very low.
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 have gets a new idea from the my friend that is farming system if you go swapping site you will see lots of token and coin holding for swapping and farming.how much amount you sowp this amount need USDT or this pair liquidity. 
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 depends on how much time you have to manage your own money. Staking involves always risks that we can't control. If the money is lost we don't have much chances to get it back, so we really need to trust into the staking. If we have a lot of time at hand and we could trade with our coins instead.
That's another part of investing. If you have your time and you can keep your eyes on the market, then you can work it out and succeed from that venue. Though it's not the same outcome or process with staking, the generated profits out from this venue are more if the asset that you use for staking pump up.
The rise in value gives you twice the benefits, while if not and if in case you missed it,
you don't have any other option but to accept you lose your money.
I recently read an article about staking, specifically why staking can lose your currency, I leave the link https://blockster.com/blockdesk/1410_can-staking-lose-your-crypto
There is a similar topic about Staking. I recommend staking but you have to be cautious about fake projects with high APR. Invest only staking coins that already popular and have faith in the crypto world. Many new projects are coming with high APR but some of them are scammers that already proved. Low APR but trusted project is highly recommended like Pancakeswap, Babyswap.
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