Should I stake my TRXs now? - page 2.

Eco_111

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Quote from: cheezcarls on July 17, 2020, 06:40:34 AM

My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there).

Thanks in advance!

You should have stake you trx coins and by now you would have make many quantities more, Tron is a reliable crypto project so you have nothing to worry about but if you are the type that takes decentralized seriously then you will be disappointed because Justin sun is forcing Tron network to be a centralized platform

Febo

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Quote from: cheezcarls on July 17, 2020, 06:40:34 AM

Should I stake my TRXs now?

PoS coins means that those that if everyone stake they all keep the same value. But in reality some stake and others not so those that stake steal from those that dont. Value gets distributed from non stakers to stakers. Holding a PoS Coin and not stake is losing and giving more value to those that stake. Holding a PoW coin is totally fine.

iv4n

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I gamble with my trons, I got dividends from my trons, I stake some of my trons in atomic wallet. I suggest tron to some people who have money to spare, it's a good coin to gamble with, their casinos offer a lot in my opinion, that staking in atomic wallet is nice, and overall I am satisfied with things I can do with tron. The price is low, but who knows maybe it will rise in the future, Justin is a shady character, but he is doing his job.
Who didn't try it can't say much, but I tried it and I think it's good, just keep in mind to have fun with money you can afford to lose!

Wysi

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First decide the target price when you would like to sell your TRX and if it's not achievable in near future then I would suggest you to go ahead with staking as you will not lose anything rather earn more TRX. Just a small suggestion from my end, TRX has a long way to go so don't set short term target for selling it as it carries potential which is required prosper further.

cabron

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There is nothing to this TRX anymore. You must have been hoping its price would spike a week ago when Justin tried to hype his TRON 4.0 but it just doesn't work this way anymore. Nothing seems to make investors trust the CEO who does stupid things. The only reason why some are buying TRX lately is so that they can collateralize it on Oikos Defi. Instead of staking TRX, try the OKS instead and stake your OKS for its more profitable than TRX.

Zeehaxan

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Quote from: cheezcarls on July 17, 2020, 06:40:34 AM

My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there).

Thanks in advance!

If you are still thinking to hold your trx for longterm then staking is a good option for you as after months of holdinh you will end up with more trx than you had initially but personally i am not a fan of staking as returns are very very small that it does not make sense for me to fix my coins for months or years in a fast moving crypto market.

asder250

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Tron staking is different than staking as we know in general. When you stake TRON, you get energy and this energy can be used for future transactions, but you do not get Tron as a token for staking. But you can lend your TRX to receive an interest in a TRX and multiply your holdings.

ned.ryerson

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I think that the most profitable solution is to trade your coins but not send them to stake at 9 percent per year. if you have very big losses now and you can’t trade, it’s better to just leave your coins until better times will come

tabas

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There is no risk if you will stake it carl. It's like what you have been doing of sitting it, you only need to choose a good wallet and I think trust wallet is also a good wallet although I never used them.
But if you have Ledger live, you can stake it there without any worry.
https://www.ledger.com/staking-tron

btcltcdigger

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Quote from: helloinox on July 17, 2020, 09:17:12 AM

Quote from: btcltcdigger on July 17, 2020, 07:01:55 AM

I would support it.
I personally stake TRX in my Ledger wallet, and with about 34k TRX, i get around 5 TRX per day. Not much, but better than nothing, right?
Not sure how it work on Trust wallet, but on ledger, you basically vote for a delegate (Binance) and it freezers your TRX. Every few days you can log in and claim your try which arrive in your wallet

5 TRX is good enough for average use in TRX's transaction fee. Not much, yeah but if you involved in its ecosystem, that saves you some money for daily transaction fees.

The way i look at it, it's 10 cents a day free, every day. These 10 cents might be 20 cents in the future, who knows.
Point is, i don't have to do anything, and money comes Cheesy

That's true passive income

helloinox

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Quote from: btcltcdigger on July 17, 2020, 07:01:55 AM

I would support it.
I personally stake TRX in my Ledger wallet, and with about 34k TRX, i get around 5 TRX per day. Not much, but better than nothing, right?
Not sure how it work on Trust wallet, but on ledger, you basically vote for a delegate (Binance) and it freezers your TRX. Every few days you can log in and claim your try which arrive in your wallet

5 TRX is good enough for average use in TRX's transaction fee. Not much, yeah but if you involved in its ecosystem, that saves you some money for daily transaction fees.

Rodeo02

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Trust wallet is also a 3rd party wallet am I right ? If so then its better to have your own ledger wallet to stakes your TRX it is much more secured compared to staking it 3rd party wallet.

If you know you can earn in staking than staying it in your wallet without return .Then ,i suggest to start staking now so you are able to earn free trx daily than staying in your wallet without any return and wait only for the price increase . As long you know you are making it right way and secured.

minairia3

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Quote from: cheezcarls on July 17, 2020, 06:40:34 AM

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

There is a staking option on trust wallet? I know atomic wallet has option like this, but never heard that trust also have. Or you just access the trust wallet to go to defi that enable staking?

I have some trx too and planning to stake also since it just stand by on my wallet. Thats good thing on PoS coin cause it can give you a reward even its small than simply hold for nothing.

btcltcdigger

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Quote from: cheezcarls on July 17, 2020, 07:34:51 AM

Quote from: btcltcdigger on July 17, 2020, 07:01:55 AM

I would support it.
I personally stake TRX in my Ledger wallet, and with about 34k TRX, i get around 5 TRX per day. Not much, but better than nothing, right?
Not sure how it work on Trust wallet, but on ledger, you basically vote for a delegate (Binance) and it freezers your TRX. Every few days you can log in and claim your try which arrive in your wallet

Okay but my TRXs is on Binance exchange and not on Trust Wallet. So if it’s already there on Binance, I don’t need to delegate right? Is there a staking option on Binance? I only got like 2.2k+ TRXs, as I bought it when it was still around $0.09 and I never sold it even if it “moons” way back 2017.

I believe just holding them there does the trick as well, yeah.
I can't say if it's better or worse than staking on ledger. However, if you trust Binance with your coins, then i guess it's perfectly ok to keep it there

akram143

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Quote from: cheezcarls on July 17, 2020, 06:40:34 AM

My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there).

Thanks in advance!

Yes, staking is an option for you to multiply the coins you have but make sure you don't have plans to sell them before staking coins and you chooses trust wallet which holds little bit less risky compared to staking on exchanges, so good luck!

timmmers

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I do not see any risk when you stake Tron coins in your personal wallet. The problem would be if you send Tron coins into a third party that would stake it for you.

Here you can calculate your reward: https://www.stakingrewards.com/earn/tron, but Tron is not the best coin for staking, the interest rate is only 3% per year.

foxy

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Quote from: cheezcarls on July 17, 2020, 06:40:34 AM

My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there).

Thanks in advance!

If in your mind your selling target is still far away then by all mean you can start staking your tokens but if the selling target is close then I won't suggest you to stake.

JHORN

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Tron is a good altcoin and staking will earn you more, way better than just locking your Tron away in the wallet, you can stake right on binance exchange or use trust wallet, I prefer trust wallet or atomic wallet than sending to exchange, just taking precautions

cheezcarls

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Quote from: btcltcdigger on July 17, 2020, 07:01:55 AM

I would support it.
I personally stake TRX in my Ledger wallet, and with about 34k TRX, i get around 5 TRX per day. Not much, but better than nothing, right?
Not sure how it work on Trust wallet, but on ledger, you basically vote for a delegate (Binance) and it freezers your TRX. Every few days you can log in and claim your try which arrive in your wallet

Okay but my TRXs is on Binance exchange and not on Trust Wallet. So if it’s already there on Binance, I don’t need to delegate right? Is there a staking option on Binance? I only got like 2.2k+ TRXs, as I bought it when it was still around $0.09 and I never sold it even if it “moons” way back 2017.

Quote from: Festac on July 17, 2020, 07:29:57 AM

That's a very long time already, I bet you are a early investor then, you would have make lot of profits if you've been staking since 2018, it's not too late and the project is reliable so why wait? It's just that I don't like the CEO

Yeah it was a very long time indeed. Didn’t have idea about TRX staking back then. If I wasn’t busy for the past couple of years, I would have staked some TRXs already and I imagine how much I finally earned up to this date.

Festac

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Quote from: cheezcarls on July 17, 2020, 06:40:34 AM

My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there).

Thanks in advance!

That's a very long time already, I bet you are a early investor then, you would have make lot of profits if you've been staking since 2018, it's not too late and the project is reliable so why wait? It's just that I don't like the CEO

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