Topic: Staking advice needed (Read 600 times)
for long-term investment and staking, I suggest you to invest and staking BNB, because BNB has a large exchange and also the BNB price is relatively stable, so when the BNB price goes up you will also benefit from staking, so double profit
Stablecoin staking isn't as profitable as it used to be, especially when it's centralized. I remember starting with 10% APY on Binance, and it's now lower than 3-4% on a good day. Decentralized staking offers somewhat better options, but you shouldn't expect any miracles with the most reputable ones, USDT, USDC, and BUSD. You'll have to use one of them in combination with another, usually an algorithmic stablecoin such as TUSD, if I'm not mistaken. And there's still risk involved; we all saw what happened with UST, one of the largest stablecoins by market cap.
Stablecoins are doomed to failure. That's because they depend on the traditional banking system to survive. You can see how the collapse of major banks in the US, resulted in USDC and DAI losing their peg in an instant. With algorithmic stablecoins, it's even worse. They could fall if the crypto market goes all the way down in an instant.
You're better off staking ordinary PoS coins that give you higher returns in the long run. Don't focus on current market prices, since the "bearish" environment leaves you with less money in your pocket. Focus on long-term gains to see actual results on your investment. When this is all over, you could become the next crypto millionaire if you bought the dip. Who knows if PoS coins are bound to get better in the future? Just my thoughts
In terms of long term holding I would prefer to hold by staking. Because that will generate you a decent APY and also your holding will be safe. But you should not choose stablecoins for holding that will not give you good return. You may go for good projects like huge potential for the future. Also holding in a non custodial wallet a good option in terms of funds security.
Stablecoin staking isn't as profitable as it used to be, especially when it's centralized. I remember starting with 10% APY on Binance, and it's now lower than 3-4% on a good day. Decentralized staking offers somewhat better options, but you shouldn't expect any miracles with the most reputable ones, USDT, USDC, and BUSD. You'll have to use one of them in combination with another, usually an algorithmic stablecoin such as TUSD, if I'm not mistaken. And there's still risk involved; we all saw what happened with UST, one of the largest stablecoins by market cap.
Seems all staking coins kinds is not profitable beside have lower price when staking time have been finished, stable coins is favorite staking by many people due stable price but not recommended yet with lower percentage income under 10% APY on several exchange market. Due staking I prefer use my fund for trading because potential higher earning or profit than staking but have risk later when price have been drop.Have exceptional, if coins trading have been drop and try to hold until price going up I will stake that coins. If not have dropped when trading time never has ideas for staking coins because always have sad ended when release staking with price drop than first time start with staking.
Stablecoin staking isn't as profitable as it used to be, especially when it's centralized. I remember starting with 10% APY on Binance, and it's now lower than 3-4% on a good day. Decentralized staking offers somewhat better options, but you shouldn't expect any miracles with the most reputable ones, USDT, USDC, and BUSD. You'll have to use one of them in combination with another, usually an algorithmic stablecoin such as TUSD, if I'm not mistaken. And there's still risk involved; we all saw what happened with UST, one of the largest stablecoins by market cap.
Seems all staking coins kinds is not profitable beside have lower price when staking time have been finished, stable coins is favorite staking by many people due stable price but not recommended yet with lower percentage income under 10% APY on several exchange market. Due staking I prefer use my fund for trading because potential higher earning or profit than staking but have risk later when price have been drop.Have exceptional, if coins trading have been drop and try to hold until price going up I will stake that coins. If not have dropped when trading time never has ideas for staking coins because always have sad ended when release staking with price drop than first time start with staking.
Long-term ownership of coins and tokens carries some risks, including price changes and market volatility, changing blockchain rules, and the possibility of losing funds as a result of cyber attacks and hacker attacks. Also, staking coins may not be secure, as it requires transferring the coins to another wallet and providing access to private keys. The best option for storing coins securely over a long period of time is to use cold wallets that are not connected to the internet and store private keys in a safe place such as a safe or encrypted media.
For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.
The main risk associated with staking coins and tokens is inflation risk. Staking rewards can vary over time, and the amount of rewards you receive may not compensate for the inflation of the underlying asset. It is also important to consider the risk of a slashing event, which can occur when a validator is found to have violated the network's rules. if you plan to hold tokens for the long-term, you should also consider the risk of a decrease in the value of the underlying asset, which could reduce the potential rewards you receive.
It is important for people to check all the trouble of the world, and when we are in a situation we are not entirely certain about, it wouldn't be a problem for any of us to just walk away, you may not earn but at least you won't be losing. But if you do not walk away, then you are going to end up with something that will either profit you but if you are wrong also make you lose money as well and that's a risk you shouldn't take if you are uncertain.
I've lost quite a lot of value because of investing, I think for long term investing it's better not to do staking.just hold on ypur coin.
and save in your own wallet, like metamask trustwallet,etc.
and save in your own wallet, like metamask trustwallet,etc.
For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.
The main risk associated with staking coins and tokens is inflation risk. Staking rewards can vary over time, and the amount of rewards you receive may not compensate for the inflation of the underlying asset. It is also important to consider the risk of a slashing event, which can occur when a validator is found to have violated the network's rules. if you plan to hold tokens for the long-term, you should also consider the risk of a decrease in the value of the underlying asset, which could reduce the potential rewards you receive.
I'll give everyone a tip about staking, it's better to have that less APY than to take risk and get those too much APY/APY that you're unsure if the project is gonna be successful.
Most projects that are still on the early stage will do that because it's part of being new and that's sort of enticement to the investors. Usually with high APYs, you'll get attracted to it but you'll be unsure if it will take long as the higher the APY, the lower number of investors involved.
Most projects that are still on the early stage will do that because it's part of being new and that's sort of enticement to the investors. Usually with high APYs, you'll get attracted to it but you'll be unsure if it will take long as the higher the APY, the lower number of investors involved.
As it's said in the real world, "the higher the risk, the higher the reward". It's best to look for PoS coins or stablecoins with low returns to help minimize risks of loss as much as possible. A high APY would make inflation worse, resulting in a decreased valuation of the crypto asset you're investing into. I'd prefer to stake in a decentralized manner, as only you control access to your funds. But not everyone finds decentralized staking attractive, especially when it has a steep learning curve.
Centralized staking is much easier, and convenient. But the downside is that a third party controls the keys linked to your crypto funds, adding unnecessary risks in the long run. The market is full of PoS coins these days, so I'd suggest you give them a shot if you want to build a nice passive income system that will last for a very long time. Just my opinion
With stablecoin + little interest APY, it's truly a passive income but you also need to choose what stablecoin you'll have to choose because just as the typical cryptos, they're also volatile but just lesser.
I'll give everyone a tip about staking, it's better to have that less APY than to take risk and get those too much APY/APY that you're unsure if the project is gonna be successful.
Most projects that are still on the early stage will do that because it's part of being new and that's sort of enticement to the investors. Usually with high APYs, you'll get attracted to it but you'll be unsure if it will take long as the higher the APY, the lower number of investors involved.
Most projects that are still on the early stage will do that because it's part of being new and that's sort of enticement to the investors. Usually with high APYs, you'll get attracted to it but you'll be unsure if it will take long as the higher the APY, the lower number of investors involved.
As it's said in the real world, "the higher the risk, the higher the reward". It's best to look for PoS coins or stablecoins with low returns to help minimize risks of loss as much as possible. A high APY would make inflation worse, resulting in a decreased valuation of the crypto asset you're investing into. I'd prefer to stake in a decentralized manner, as only you control access to your funds. But not everyone finds decentralized staking attractive, especially when it has a steep learning curve.
Centralized staking is much easier, and convenient. But the downside is that a third party controls the keys linked to your crypto funds, adding unnecessary risks in the long run. The market is full of PoS coins these days, so I'd suggest you give them a shot if you want to build a nice passive income system that will last for a very long time. Just my opinion
With stablecoin + little interest APY, it's truly a passive income but you also need to choose what stablecoin you'll have to choose because just as the typical cryptos, they're also volatile but just lesser.
Depending on the staking mechanism, there may be some risks associated with staking, such as slashing (a penalty for failing to follow network rules) or loss of staked funds due to security breaches.
It's not the same like old mechanism. This time you can add or withdraw your money easily without even getting slashed. There was also flexible staking who will give user ability to stake even ing a short time. The only problem is when user is concerning about the security when doing staking. There is no safe place to stake. Once you are staking your token and then you have agreed to risk your token to the third party.Op, there are some risk may happen to you once you were doing staking for your token.
1. capital loss as the price of your token will be depreciated
2. loss of your fund due to the hacked case, there are some cases where the defi users were losing their money caused by the defi got drained by hacker.
3. potentially lose your money caused of the platform goes bankrupt or something big was hitting it.
Staking is good as long as you have agreed to deal with all of the risks above.
For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.
There is nothing wrong with you staking your coins since you intend holding them for a longer time of period. One thing you need to note is that you will need to be careful on the kind of site or exchange you want to keep your coin and hold. There are so many third parties website out there including cloned websites that are ready to take your coin from you. If you are going for an exchange then go for the reputable exchanges like Binance and other similar exchanges that would be safe for holding your coins especially for a long period since that is your reason. Depending on the staking mechanism, there may be some risks associated with staking, such as slashing (a penalty for failing to follow network rules) or loss of staked funds due to security breaches.
Even if you are staking securely, there may be network risks associated with the blockchain itself. For example, a network fork or consensus issue could cause a loss of funds.
Depending on the staking mechanism, there may be some risks associated with staking, such as slashing (a penalty for failing to follow network rules) or loss of staked funds due to security breaches.
just hold your coin, mainly because staking nowadays aren't that profitable anyway. the thing is, many staking that offers good APY always those shitcoins that i don't think it's worth it anymore.
you just better select some good coin that you've analysed fundamentally and just hold it for long, that way you'll have better opportunities, definitely better than staking for years only to get your investments decrease in value instead which is kinda ridiculous honestly.
I've my favorite pairs that gives me my estimated profits at the same time, trading them is an easy step for me. Fundamental analysis are pure news especially the FOMC which often comes in every first week in a new month. Although I've long term coins for future purposes, confident with promising future. Coins doesn't evaluate the massive pump signal when it comes to staking. It's very rare to see legit projects that offers high APY except their strong moderators behind the project or mostly scammed. you just better select some good coin that you've analysed fundamentally and just hold it for long, that way you'll have better opportunities, definitely better than staking for years only to get your investments decrease in value instead which is kinda ridiculous honestly.
just hold your coin, mainly because staking nowadays aren't that profitable anyway. the thing is, many staking that offers good APY always those shitcoins that i don't think it's worth it anymore.
you just better select some good coin that you've analysed fundamentally and just hold it for long, that way you'll have better opportunities, definitely better than staking for years only to get your investments decrease in value instead which is kinda ridiculous honestly.
you just better select some good coin that you've analysed fundamentally and just hold it for long, that way you'll have better opportunities, definitely better than staking for years only to get your investments decrease in value instead which is kinda ridiculous honestly.
For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.
If the staking method can be done like before where it can be done through a non-custodial where we have access to the private key then I will do it but now everything has changed quite a lot, the losses that might be faced are not only because the price drops after completion the contract period but your coins are lost because storing them on a staking site which turns out to be a scam, so it's better to save in your own wallet and calculate carefully if you really want to do staking whether it will provide a commensurate profit or not at all I'll give everyone a tip about staking, it's better to have that less APY than to take risk and get those too much APY/APY that you're unsure if the project is gonna be successful.
Most projects that are still on the early stage will do that because it's part of being new and that's sort of enticement to the investors. Usually with high APYs, you'll get attracted to it but you'll be unsure if it will take long as the higher the APY, the lower number of investors involved.
Most projects that are still on the early stage will do that because it's part of being new and that's sort of enticement to the investors. Usually with high APYs, you'll get attracted to it but you'll be unsure if it will take long as the higher the APY, the lower number of investors involved.
As it's said in the real world, "the higher the risk, the higher the reward". It's best to look for PoS coins or stablecoins with low returns to help minimize risks of loss as much as possible. A high APY would make inflation worse, resulting in a decreased valuation of the crypto asset you're investing into. I'd prefer to stake in a decentralized manner, as only you control access to your funds. But not everyone finds decentralized staking attractive, especially when it has a steep learning curve.
Centralized staking is much easier, and convenient. But the downside is that a third party controls the keys linked to your crypto funds, adding unnecessary risks in the long run. The market is full of PoS coins these days, so I'd suggest you give them a shot if you want to build a nice passive income system that will last for a very long time. Just my opinion
For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.
If you want to hold for the long term, it would be better for you to keep it in your personal wallet. If you save by staking, of course it is more profitable, but you must always monitor its progress. Staking platforms also have risks, so you have to be able to keep an eye on those risks. Jump to: