Staking advice needed - page 4. | Bitcointalksearch.org

fzkto

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Quote from: bittraffic on March 20, 2023, 11:40:27 AM

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.

I've always thought that if it's about stacking coins, it means that the coin has extra inflation, which can put pressure on the price. For example, someone who has a lot of coins has a higher percentage of stacking and gets more rewards, which he then sells. So if we are talking about a small project, not ETH or DOT, there is a risk that the price of the coin may drop a lot and never recover.

SUPERSAIAN

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You can use the staking platforms of some popular exchanges. Or you can research the projects working with pos in the Ethereum network and invest in the projects you think are right and stake. There are a couple of projects that I pos stake in this way, since I think of these projects in the long term, it would be nice to stake additionally.

southerngentuk

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Quote from: raidarksword on March 21, 2023, 08:34:50 AM

It's better to stake it rather than hold it for long term but always be vigilant where to stake your coins or tokens. As long as you have full control of your assets then it would be a wise idea to stake it to earn more tokens/coins. I am staking my assets on binance which is more safer in my part, though they have small APY still the security of it is my purpose doing.

I see there are a lot of issues that need attention here about the market conditions at that time, the status of the coin/token, how the project works and the development roadmap. Basically, long-term DCA and batch staking until the bull market is something that I have applied and succeeded, but the risk is that if we can't anticipate big problems like the case some top projects. And such events cause wealth to evaporate quickly.

LogitechMouse

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Quote from: S3300 on March 20, 2023, 02:47:20 AM

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?

Risk of the price of the token or coin going down that the amount of tokens that you are getting in staking isn't enough to cover your impermanent loss that you got while staking it.

I also experienced this type of scenario where the token that I bought went down after I bought it. It went down too much that I'm still suffering losses even though I'm getting coins. Though it's impermanent because if you will wait until the bull run happens, for sure you will get profits from capital appreciation plus the tokens that you got from staking.

Quote from: S3300 on March 20, 2023, 02:47:20 AM

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.

Certain coins have their own app or software where you can stake your tokens there.
Like me where I'm holding Cardano tokens, and currently being stored in the wallet that they also made named Daedalus. I believe my tokens are safe there because I have the private keys, and at the same time, earning passive income thru staking.

raidarksword

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It's better to stake it rather than hold it for long term but always be vigilant where to stake your coins or tokens. As long as you have full control of your assets then it would be a wise idea to stake it to earn more tokens/coins. I am staking my assets on binance which is more safer in my part, though they have small APY still the security of it is my purpose doing.

Retainly_Collie

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Quote from: S3300 on March 20, 2023, 02:47:20 AM

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.

In my experience, long-term holding without taking advantage of staking is a shortcoming, perhaps because you are not confident in what you know about the market and are afraid of taking risks.
Remember that even professional investors, or large institutional investors can go bankrupt if they don't manage their capital safely, what we have seen about the collapse of some projects leading the market because they have abused excessive financial leverage. And my suggestion, same as what I did before, DCA long term until the uptrend is clear, then mortgage the property to invest with new projects that I feel can make money. get money.

Apocollapse

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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.

Pelana vreo

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Quote from: S3300 on March 20, 2023, 02:47:20 AM

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.

When you have a cold wallet like Safepal and Trezor or a hardware wallet, it's safe.

But never share your private wallet key with someone, because it's dangerous, do staking on a trusted platform and make sure you see the staking duration to claim the reward.

jrrsparkles

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Quote from: S3300 on March 20, 2023, 02:47:20 AM

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.

Risk associated with staking altcoins or tokens for long term are

1. The platform may disappear or bankrupt so you will lose your money.

2. The value of coin or token may go to zero so you will lose your money.

3. You lose the ownership of your assets since you're depositing to another platform.

4. Returns not worth the risks.

Do you still need more, I can write an endless list.... Tongue

@sriyan

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Quote from: S3300 on March 20, 2023, 02:47:20 AM

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.

KaliLinux

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Quote from: S3300 on March 20, 2023, 02:47:20 AM

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 believe staking is good considering you are still holding your coins/tokens while you get some percentage interest from them than just holding them in your wallet without earning anything, however, there is the other part of staking that I wouldn't partake in which is the lock staking. I lost the chance to sell some tokens I had some time when the price picked because I couldn't access them at the time and when the period expired the price had dumped again Angry

bittraffic

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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.

o48o

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Quote from: dzungmobile on March 20, 2023, 03:13:45 AM

-cut-
To stake, you must send your coins or tokens to staking pools that are centralized definitely and owned by staking companies, exchanges. Later you will have to claim it to get profit.
-cut-

Not true, that's not real staking. Real staking is taking part of consensus and securing the chain. You can run the node from your own home and you don't need to use some third party services that call their system staking because it pays interest. But i agree with your statement that you shoudn't use those services, just stake with your own, or virtual computer that you have rented.

Yogee

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Quote from: Kalchef on March 20, 2023, 11:07:27 AM

[......] something bad could happen and not all projects like taking responsibility for any loss, most will ignore.

Projects usually don't recover fully once they were exploited so it would still seem useless even if the team takes responsibility. They deploy a new contract and force every user or holder to swap to the new token but that's already after price has dumped badly.

Xal0lex

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The risks depend on the price at which you got the tokens and the stage of their life. If you got your tokens before they entered the market as a result of some sort of sale or drop, then your risks are minimal and staking is perfectly justified. If you bought coins from an old project at market price, and that project has already managed to grow tenfold in a few years, you run a great risk that the profit from your staking could go to cover losses related to the price drop. I wouldn't recommend buying market-priced coins for staking, especially now that many altcoins have gone up a lot in value. Don't try to stake coins that promise you thousands of percent APY, no one will pay you that much or the project itself will turn out to be a scam. All that fabulous high interest is just to attract liquidity.

Mozzart

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Quote from: S3300 on March 20, 2023, 02:47:20 AM

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.

A very important parameter is where you will store your coins for staking.The choice of platform must be approached very seriously.Many good tips have been written in this thread.Different coins have their own rules and periods,study them very carefully before investing your money.

Kalchef

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It's not advisable to stake your tokens or coins because you are sending it out to another smart contract, I don't like the idea where my tokens are not in my arms, something bad could happen and not all projects like taking responsibility for any loss, most will ignore.
If you want to stake through your wallet, maybe if the token is support on Atomic wallet for example, make sure you stake for a short period of time, two months to six months, because those tokens can appreciate in value at any time and you will not be able to sell, until the lock period is over.

Anguwa

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Quote from: S3300 on March 20, 2023, 02:47:20 AM

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.

When you stake your coins, you get rewards for staking them and the rewards depend on the agreement or specified staking guidelines, but sometimes, it give you restrictions on selling off your coins incase the price goes up, and incase you have any emergency and u need money, you have to wait until the staking time reaches thatnis the disadvantage of staking, but if the team is good enough, and you trust the process, you can stake your coin and gain more coins in return.

Yogee

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Be attentive to what's happening with SEC or other regulatory agencies. I won't be surprised if they announced that all platforms offering staking services should get their license just like financial institutions. You may also want to check how these platforms generate these so called rewards.

Yatsan

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Quote from: S3300 on March 20, 2023, 02:47:20 AM

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.

Being left out or squeezed in the middle. Some staking procedures has this thing called terms. There are times tokens won't be allowed to be withdrawn or will just be locked for a period of time. Problem is, not all investors would engage to staking, meaning, tokens will continue circulating on a particular chain which could trigger changes with the market price. So if it happen that your funds are locked, and downtrend occurs, then you'll be left with no other choice but to endure and close your eyes from seeing the market turn red. Also, in most instances, after a period of staking, tokens are being sold in an instant in order to save oneself from lossesm Those who will sell last are the ones to suffer.

Topic: Staking advice needed - page 4. (Read 642 times)