Topic: Staking advice needed - page 3. (Read 642 times)
Staking for long term gain is a whole lot of risk compared to just holding. Most staking platform promise insane APY that sounds to good to be true and they mostly end up becoming scam at the long run. So if long term is your plan, I'd advise you to just hold it for as long as tou want.
Staking risk is based on the value at which you bought the staked coins and what the value will be at the end of the staking cycle, but because of the unpredictability and unsustainability of the market value of most altcoins staking them has become less profiting.
I have never dived into staking before but with my knowledge of the altcoin market, I learned to stay away from auctions most especially staking or farming them.
I have never dived into staking before but with my knowledge of the altcoin market, I learned to stay away from auctions most especially staking or farming them.
Staking is more or less justified when you buy coins at a public sale and the Launchpad prompts you to put your blocked coins into the staking. Then you get some benefit out of waiting to unlock your coins, and you're not tied to a price, because you can't do anything with your coins because they aren't available to you, either way, whether the price goes up or down.
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 are a long-time holder, then better to use the staking option for some profits. But the problem is most of the staking pools are third-party ones. So there is a possibility of hacking the liquidity pools. Then your funds will be lost. Also, there is an option for decentralized staking one. So you don't need to transfer the funds to other pools. Still, you can get the rewards.
why that vendors allocate considerable rewards to liquidity providers than normal traders in their events? Can you provide the examples for large scale liquidity providers in crypto space?
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 long-term investment and stalking coins like Dogecoin, Shiv, USDT, ETH etc. Some of these can currently be invested and held. I think these tokens are suitable for long term holding. So you can invest them without any risk if you want. For a long term holder/investor there is a serious risk to stake coins and tokens, and then not be able to take them back. Let say in https://atomicwallet.io/, STAKING PER YEAR - Cosmos ATOM 10%, Zilliqa ZIL 13%,ICON ICX 10%, Band Protocol BAND 13%, and Atomic Wallet Token AWC 20%. Is this reliable ? Who knows.
By the way, if you are interested I know one project with altcoins, where staking currently is ~1.2% per day, but there are some limitation for exchange, pm me, if interested, can send the link.
You claimed that staking coins and tokens are serious risk and yet you want to offer a project that gives 1.2% per day, how is that not a scam? That's 430% plus per year, so which one is scam project here? Band protocol is 13% per year, ICX is 10% per year and the one you want to recommend is over 430% per year, you don't know what you are doing, that project you are about to recommend to a fool like yourself is 100% a scam project. By the way, if you are interested I know one project with altcoins, where staking currently is ~1.2% per day, but there are some limitation for exchange, pm me, if interested, can send the link.
Staking risk is based on the value at which you bought the staked coins and what the value will be at the end of the staking cycle, but because of the unpredictability and unsustainability of the market value of most altcoins staking them has become less profiting.
I have never dived into staking before but with my knowledge of the altcoin market, I learned to stay away from auctions most especially staking or farming them.
I have never dived into staking before but with my knowledge of the altcoin market, I learned to stay away from auctions most especially staking or farming them.
For a long term holder/investor there is a serious risk to stake coins and tokens, and then not be able to take them back. Let say in https://atomicwallet.io/, STAKING PER YEAR - Cosmos ATOM 10%, Zilliqa ZIL 13%,ICON ICX 10%, Band Protocol BAND 13%, and Atomic Wallet Token AWC 20%. Is this reliable ? Who knows.
By the way, if you are interested I know one project with altcoins, where staking currently is ~1.2% per day, but there are some limitation for exchange, pm me, if interested, can send the link.
By the way, if you are interested I know one project with altcoins, where staking currently is ~1.2% per day, but there are some limitation for exchange, pm me, if interested, can send the link.
And that also applies to other assets, even to deposits in a bank, no one can guarantee that your deposit will be safe in a bank because the bank can collapse at any time. So when you are ready to stake or invest, it means you are ready to accept that your assets will disappear at any time.
FDIC is an insurance company which can refund your money if the bank collapse, make sure you're deposit in a bank where it's backed with insurance company. Although it takes time, but refund is still refund, it doesn't like staking where your assets will disappear at any time.Invest and stake are different, if you invest in Bitcoin and use non custodial wallet, your funds will never disappear as long as no one know your seeds.
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.
Or make sure the project you follow is safe enough and the risks you can accept from staking.I see that the project is also very profitable, but there are also many projects that have evaporated people's wealth.
One of the things I've learned in this space is that nothing lasts forever, so I learned wealth management from everyone. Personally, I always prioritize the quality of projects and evaluate how long they can develop.
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.
Whether you are holding or staking, both are risks but we should know that staking is too risky when compared as we are handling our coins to the exchanges which have now the control of it. In this case, whatever they do with your coins, they can make it without your consent. However, if you are choosing a reputable exchange might lessen the risk. Many holders are doing this but for me, I'd rather keep my coins in my full control so I can trade or sell them anytime if I wanted, unlike when staking as there are terms we need to follow. If you really want to make a long-term investment, there's no need to do any research. You only need to hold Bitcoin, that's the best advice. Don't store in a wallet that you can't fully control like in a centralized Exchange, because you don't own the keys and when they go bankrupt like FTX, then your assets will disappear. Use a secure personal wallet.
There's no doubt that when you hold Bitcoin, everyone will suggest the same thing.
There's no doubt that when you hold Bitcoin, everyone will suggest the same thing.
This is understandable to suggest bitcoin instead of other alts, as it is difficult to trust your hard-earned money to alts with no assurance of future.
At least with btc, being the top crypto, you know it won't disappear anytime soon. Alts come and go, but btc still remain at the top.
The popularity is also the reason why it won't go down easy. If you know even the ordinary people, they know the existence of btc but if you mention other alts, they don't know anymore.
If you really want to make a long-term investment, there's no need to do any research. You only need to hold Bitcoin, that's the best advice. Don't store in a wallet that you can't fully control like in a centralized Exchange, because you don't own the keys and when they go bankrupt like FTX, then your assets will disappear. Use a secure personal wallet.
There's no doubt that when you hold Bitcoin, everyone will suggest the same thing.
There's no doubt that when you hold Bitcoin, everyone will suggest the same thing.
The risk is that SEC has been announcing staking coins are security. Holding it for a very long time will be a huge loss when prices will eventually dip to what you don't expect.
Remember that in crypto a coin that has a value of more than $1000 in the bull market may only have a market price of $80 in the bear market. I think ETH is just an example. The good part I think is that institutional investors like staking coins as they all like yields.
That's also true. Just imagine staking thousands of coins and then you earn more of it by just doing so. It wouldn't be surprising if the stakers just sell them no matter how low the price since they got the tokens easily and not thru mining.
Cardano is just one of the tokens that is POS. You can see how much its price right now compared to 2021. That's why it's best to just dump it and if you dumped it recently you could have earned more after getting BTC.
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.
Just choose the staking that is flexible so that if the value of that coin increases, you can easily sell them and that's how you'll make money from it.SEC Commission have been warning with several staking token have potential scam later due price dropped drastically, I don't think good ideas when staking with token or coins without good reputation exactly new coin/token launching and brave giving more than 300% staking reward.
But with this news about SEC looking at those staking coins then you have to choose the best possible coin you can ever have. And this is also the importance of having it on a flexible term, so that you're not forced to do it and you can get out if needed much. 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.
I avoid staking my coins because of the liquidity risk, meaning I may not be able to access them when I need them, especially in bullish markets. Especially long-term coin holders may be concerned about this since they may want to sell their coins in the future, a future that can be unpredictable. 
SEC Commission have been warning with several staking token have potential scam later due price dropped drastically, I don't think good ideas when staking with token or coins without good reputation exactly new coin/token launching and brave giving more than 300% staking reward. For worth staking coin right now seems top ten altcoin on standing market and ability list in Binance but have little percentage profit earning each years and some exchange limit amount for staking.
For good recommended staking coin is stable coin like BUSD or USDT, but reward under 10% and support with several exchange market only, but now worth for long term holding because stable coins not have impact yet with price up or down.
For good recommended staking coin is stable coin like BUSD or USDT, but reward under 10% and support with several exchange market only, but now worth for long term holding because stable coins not have impact yet with price up or down.
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 risk that you can get by staking your coins and tokens is fraud because we will not know how long the project can run.Safe or not, it will depend on the place because we have to choose it wisely.
You can try staking your coins and tokens on Binance but only staking the amount of coins you can afford, even if you do it on a well known and trusted exchange.
I prefer to keep most of my coins in my wallet rather than risk it all on an exchange or elsewhere.
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.
I have learn something from staking of altcoins, staking is suppose to be used to protect the chain for coins who have their own chain and also minimized the total number of coins in the circulations and the reward is to earn but what I learn is that people that stake usually loss. If you remember when Eth announced their staking, many people staked their ETH to validator and the price soar more than 6x but at the end, people could not sell because they are locked with contract period of 2 years and none of them were able to sell and now that the time of unstaking approches, it has declined in price. So, think proper;y before staking.
I think we shouldn't depend too much on the benefits of staking crypto, because the crypto world is constantly changing, it's best to put your assets in several places, don't put all your assets into staking crypto and some coins that are worth staking like Bitcoin, ETH and BNB, because the price of these coins more stable than other altcoins
Staking has carry a risk of pool or the centralized platform turn scam, however if you hold a centralized coin in non custodial wallet, it doesn't mean your coin will be safe and you're the one who only can control the coin. If you don't believe me you can search on google where the developer can freeze your coin inside your non custodial wallet, except you're holding a decentralized coin e.g. Bitcoin, Monero, DAI.
And that also applies to other assets, even to deposits in a bank, no one can guarantee that your deposit will be safe in a bank because the bank can collapse at any time. So when you are ready to stake or invest, it means you are ready to accept that your assets will disappear at any time.
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