Now it's time for staking - page 2. | Bitcointalksearch.org

Humility4sure

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Quote from: MidNite36 on September 19, 2022, 08:37:15 AM

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

When it comes to staking of tokens like usdt, I would advise you use a credible and reliable platform. There are platforms that give very high returns but they pose a huge risk considering the fact that you're in for long term. Binance has shown over the years to be a credible exchange and I'll prefer you use a platform of that nature as they have very flexible duration ranging from daily to monthly, bi- monthly, and quarterly.

wxa7115

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Quote from: Scripture on September 20, 2022, 06:39:20 PM

Quote from: Rengga Jati on September 20, 2022, 05:45:51 PM

Previously, I also really wanted to do staking in a certain platform that is trusted and reputable in order to keep my assets secured.
But, after checking the staking programs, with the amount that I have, I can to do staking and prefer to let my assets be in my personal wallet. Why? Because the result of staking is not as high as I expect Grin

The common APY is quite small although with a longer time for investment. That is probably because my amount is only small enough so this is not worhty.
But if you find a trusted platform that pays higher and you have some big amounts, you may try it, as long as you are also willing to use the assets for investment. But onc emore, be careul and wiser to do this decision, at least you ahve analysied and calculated th staking process and results.

Profit in staking will always depend on how much you invest, most of the time $1000 is not even enough for you to get a $100 profit in staking, that only means this is not that profitable if you are just a small time investor. Some site already shows the possible profit that you can get, if it’s not ok with you then better not to proceed. I still prefer to invest on my own and trade on my own, by this you can make real money here even if you have a small capital.

For those which can trade the markets staking is something which does not make a lot of sense, staking requires a lot of money so you can obtain some good profits, but if you are a good trader most of the time you will be able to outperform the results you get with staking.

So staking for a trader would only make sense if for some reason he was tired of trading or he was going through a time in which he did not had the time to trade the markets, and receiving a passive income was the best they could do at the time.

abel1337

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Quote from: Scripture on September 20, 2022, 06:39:20 PM

Quote from: Rengga Jati on September 20, 2022, 05:45:51 PM

Previously, I also really wanted to do staking in a certain platform that is trusted and reputable in order to keep my assets secured.
But, after checking the staking programs, with the amount that I have, I can to do staking and prefer to let my assets be in my personal wallet. Why? Because the result of staking is not as high as I expect Grin

The common APY is quite small although with a longer time for investment. That is probably because my amount is only small enough so this is not worhty.
But if you find a trusted platform that pays higher and you have some big amounts, you may try it, as long as you are also willing to use the assets for investment. But onc emore, be careul and wiser to do this decision, at least you ahve analysied and calculated th staking process and results.

Profit in staking will always depend on how much you invest, most of the time $1000 is not even enough for you to get a $100 profit in staking, that only means this is not that profitable if you are just a small time investor. Some site already shows the possible profit that you can get, if it’s not ok with you then better not to proceed. I still prefer to invest on my own and trade on my own, by this you can make real money here even if you have a small capital.

That's true, Staking a small amount won't give you too much value in return though it's still profitable compared to letting your money sit on the banks. Staking is a passive way to earn money and I don't feel so bad about the APY of the most reputated staking platforms given that they will make sure that your staked asset is safe and will increase it's value over the time.

Scripture

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Quote from: Rengga Jati on September 20, 2022, 05:45:51 PM

Previously, I also really wanted to do staking in a certain platform that is trusted and reputable in order to keep my assets secured.
But, after checking the staking programs, with the amount that I have, I can to do staking and prefer to let my assets be in my personal wallet. Why? Because the result of staking is not as high as I expect Grin

The common APY is quite small although with a longer time for investment. That is probably because my amount is only small enough so this is not worhty.
But if you find a trusted platform that pays higher and you have some big amounts, you may try it, as long as you are also willing to use the assets for investment. But onc emore, be careul and wiser to do this decision, at least you ahve analysied and calculated th staking process and results.

Profit in staking will always depend on how much you invest, most of the time $1000 is not even enough for you to get a $100 profit in staking, that only means this is not that profitable if you are just a small time investor. Some site already shows the possible profit that you can get, if it’s not ok with you then better not to proceed. I still prefer to invest on my own and trade on my own, by this you can make real money here even if you have a small capital.

Rengga Jati

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Previously, I also really wanted to do staking in a certain platform that is trusted and reputable in order to keep my assets secured.
But, after checking the staking programs, with the amount that I have, I can to do staking and prefer to let my assets be in my personal wallet. Why? Because the result of staking is not as high as I expect Grin

The common APY is quite small although with a longer time for investment. That is probably because my amount is only small enough so this is not worhty.
But if you find a trusted platform that pays higher and you have some big amounts, you may try it, as long as you are also willing to use the assets for investment. But onc emore, be careul and wiser to do this decision, at least you ahve analysied and calculated th staking process and results.

Hypnosis00

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Quote from: MidNite36 on September 19, 2022, 08:37:15 AM

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

Just do what you are preferred to do. Because staking will really matter the coin we choose, exchanges, and of course, terms of staking. I've tried flexible terms where I can withdraw my funds anytime but the reward is just small compared to long-term staking. But what I see, the risk is too high considering that we have no control over it once deposited for staking. And if we fail to choose the trusted platform, I was afraid of not having it back - scammed.
I'll suggest taking a flexible option even if the APY is quiet low at least you can move or diversify your coins just in case.

Luqman

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In my opinion, staking is quite worthy if done during this bearish market. Moreover, if we want to hold the coins for more months or years in order to prepare them once for the bullish era.
But, please remember that we must be also careful to choose the platform for staking. If I want to stake, I will consider these:
- Reputable and trusted platform
- COin for staking (must be promising for the future)
- How long to staking
- How much APY or profits to get from staking. Is it worthy?

GeorgeJohn

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Quote from: bitcampaign on September 19, 2022, 01:26:21 PM

if you want to invest in the long term you can take it gradually and then staking for the long term year of course on the best and famous altcoins, I think XRP and BNB are also quite good choices, it never hurts to take the moment now when the market is bear

Staking of a coin, it's good to know the coin potentiality before some venture into staking, as you portray it's quite right, should Incase a newbie want to venture into long term investment via bitcoin, i believe that long term investment needs a coins that have value so that it won't varnish on the process of investment. We have so many altcoins that are made of good values.

bitcoin-shark

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At the present time, given the fluctuating trend of the markets, it is advisable to stake stablecoins and obviously eth 2.0

DeathAngel

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Dude, now is really not the time for staking. It’s such a massive risk for relatively low reward (versus the risk of leaving your crypto in somebody else’s control.

Seriously just DCA during this bear market & the profits you’ll get in the next bull market will far outweigh whatever pittance in comparison, you can get from staking.

Crypt0Gore

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Stake coins that you are willing to hold for the long term only and mind you, this is still a very risky strategy, the altcoin can drop in value and you won't be able to sell and take profit while staking is on, I think the best bet is using stable coin to stake, BUSD or USDT are the best.

globalpain

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I think Staking during a bear market is very risky, especially if you are staking when the coin is still expensive and dumps up to -70%,
I think staking will be a waste, I prefer the average down way, because it can increase coins, and it's safer than staking,
everyone has an opinion, So do what you think you like Wink

asriloni

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Quote from: ?? on ??

The bear market doesn't mean we have to just monitor the market, it's our opportunity to buy our favorite coins to make a profit when the bull market comes. instead of having to keep coins stable, it's better to buy the coins we want when we are at the strongest support, what we have to prepare is patience in dealing with the bear market.

Some people prefer to avoid the volatility in the market and then they can use staking stable token as their passive income. Even if the APY was so small but at least they can earn some bucks in monthly basis rather than lose due to the volatility in the market.
I think that picking stable token to get the passive income was not so bat at all. We must always consider that was as our opportunity to earn during the bearish market like this.

dwminer1

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Quote from: MidNite36 on September 19, 2022, 08:37:15 AM

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

I believe bear market is a good time to staking and accumulate cryptocurrencies in all possible ways. There are many cryptocurrencies on the market that offer the possibility of staking. Worth a look here: https://www.stakingrewards.com/
Binance also offers many possibilities: https://www.binance.com/en/staking
In this case, however, you have to remember about the risk of keeping funds on the exchange.

Xal0lex

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Quote from: MidNite36 on September 19, 2022, 08:37:15 AM

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

This is not a time for staking, but for investing and reinvesting. There is no point in staking stablecoins when there are plenty of good altcoins on the market at good prices, which in the long run will yield much more profit than staking. Although you can use this method for diversification, it's not very profitable to prioritize it in the long run. Staking BTC is not worth the interest you exchange for the risks associated with depositing funds into staking pools, it is better to keep such assets in a wallet.

LastKiss

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Quote from: MidNite36 on September 19, 2022, 08:37:15 AM

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

I remember there's some site that gives you daily returns and you can withdraw your profit anytime. I used that site last year until around one year and I'm really satisfied with what I get. Now I focused on looking at altcoins to invest in this bear market. maybe I will go staking again next time when I don't have a lot of time to watch the market.

o48o

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Quote from: iv4n on September 19, 2022, 11:45:37 AM

Staking is fun even with some small amounts, profit is not big, but something is coming, and you grow some coin you like and believe in. Why not? It's better to put your coins at work than to just put them in some wallet...

Sure, if you don't mind all your coins/tokes will be stuck in cex that that you have to trust for a month or how ever long that staking period is. If you think that risk is worth that tiny amount of tokens you will get then sure, that's the way to go. But with small amounts staking, you get way more with a VERY small price now then you could ever stake in your lifetime.

Quote from: iv4n on September 19, 2022, 11:45:37 AM

Small APY safer staking, higher APY more risky staking, I always advise to diversify, majority in small and with some amount try higher APY, without risk here and there there's no gain.

What risk are you talking about in here and what kind of staking?

dansus021

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the flexible and low apy product is a lot on binance or other centralized exchange and there is bunch not just xrp, or you can stake on defi but according the altcoin hype cycle September is be the lowest point and this basically a fire sale to sale in October or january

Kadal Ijo

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Quote from: BitDane on September 19, 2022, 01:35:46 PM

There are staking platform that offers yearly APY calculation but gives hourly or daily staking and you can actually withdraw your funds anytime you wanted depending on the lock period which actually only lasted for some days or weeks. The one good example is the staking platform of different swaps and like the one stated on the early replies.

Staking in the Dex Platform certainly gives a very high offer even some who give APY more than 100%, I have left staking in the pancakes because most coins in the pancakes are pump for a moment so that if we are staking then we can lose money.

GreatArkansas

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Quote from: kojektea on September 19, 2022, 11:05:55 PM

In my opinion, the safest staking is on Binance Savings because this market has been trusted for a long time, of course with low interest rates but very safe for staking. If you have a large capital, it's the same as you make a bank deposit only based on crypto.
(....)

Yes, but Binance is considered as a centralized exchange in which you don't hold your keys, your money is in Binance's hands, on the other hand, the alternative is to use some decentralized finance platform where staking is available like Aave or Solend. But you still can't guarantee safety here.
OP must select a platform carefully and the asset that they will stake because the UST issue before on Luna could repeat again on other assets.

Topic: Now it's time for staking - page 2. (Read 510 times)