Author

Topic: Staking advice needed (Read 642 times)

full member
Activity: 756
Merit: 100
April 20, 2023, 02:09:15 PM
#91
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
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
April 04, 2023, 11:47:32 AM
#90
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 Grin
member
Activity: 362
Merit: 12
April 04, 2023, 11:37:03 AM
#89
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.
full member
Activity: 598
Merit: 147
Next Generation Web3 Casino
April 04, 2023, 10:25:23 AM
#88
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.
I agree with this statement that it is impossible to profit by stocking all types of coins.  Among the coins that fall in price, the market demand for any of the coins may increase later on, so if you can stock and hold all those coins, you can definitely profit.  It is important to have some understanding of the coins in demand in the stocking exchange market.  It is normal for the market to go up and down.  By stocking, it is possible to make very quick profit and on the other hand it is normal to have some risk, we can call it variation of stocking
sr. member
Activity: 1246
Merit: 262
April 04, 2023, 05:29:24 AM
#87
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.
member
Activity: 938
Merit: 13
Tontogether | Save Smart & Win Big
April 04, 2023, 03:04:13 AM
#86
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.
legendary
Activity: 2086
Merit: 1058
April 04, 2023, 12:16:50 AM
#85
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 would guess that it is an obvious mistake that many people make when they do not check it. You could make a profit when you do it like that but if the underlying asset is gone, then you are gone as well and all that staking was for nothing.

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.
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
April 03, 2023, 08:38:06 AM
#84
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.
sr. member
Activity: 771
Merit: 258
Trident Protocol | Simple «buy-hold-earn» system!
April 03, 2023, 08:06:01 AM
#83
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.
hero member
Activity: 1680
Merit: 845
April 01, 2023, 03:39:10 PM
#82
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.

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 Smiley
I agree about those type of coins to just stay with those stablecoins that have lower returns in interest rates. I thought before that having a good APY was for real but until I've understood how they works, I've come to realize that it's best to avoid those type of projects and its staking features.

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.
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.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
March 30, 2023, 03:48:19 PM
#81
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.

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 Smiley
I agree about those type of coins to just stay with those stablecoins that have lower returns in interest rates. I thought before that having a good APY was for real but until I've understood how they works, I've come to realize that it's best to avoid those type of projects and its staking features.

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.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
March 30, 2023, 10:08:20 AM
#80
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.
hero member
Activity: 1176
Merit: 543
fillippone - Winner contest Pizza 2022
March 30, 2023, 07:47:58 AM
#79
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.
member
Activity: 322
Merit: 10
March 30, 2023, 07:41:44 AM
#78
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.
member
Activity: 322
Merit: 10
March 30, 2023, 07:41:09 AM
#77
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.
hero member
Activity: 1148
Merit: 518
March 30, 2023, 07:04:23 AM
#76
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.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
March 29, 2023, 06:07:16 PM
#75
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.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
March 29, 2023, 11:08:51 AM
#74
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
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
March 29, 2023, 11:00:17 AM
#73
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.

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 Smiley
full member
Activity: 854
Merit: 102
March 28, 2023, 05:37:19 PM
#72
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.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
March 28, 2023, 04:57:23 PM
#71
the thing with staking your assets is the fact that your money can easily gets crushed by inflation and even worse if something goes on and your money is locked. that's what makes it not worth it usually.
but if you could just hold, despite all the things happening, and just endure, I guess you could encounter many opportunities, but not necessarily gonna grow your money, in the meantime when you locked your money, the altcoins you invested in could turns into some shitcoin which has happened quite many time.
sr. member
Activity: 2828
Merit: 344
win lambo...
March 28, 2023, 04:54:27 PM
#70
^
I'm sure it depends on which token you are going to stake. Buying them from where the price is way low is a good way to invest while also staking the tokens. And also choosing which token to invest in terms of how or where they're going to be stake.

Some tokens can just be staked within the wallets while some need a platform.  If it's the latter, that's where you have the problem when it comes to the unlocking period. Tokens that can be staked within the wallets are much easier to handle as tokens stays in your wallet.

One common problem with staking is the lock-in period that they have set, we can't withdraw and sell them if it was needed as we need until it was available. That is why we should have to think carefully because if that staking only gives us a few percentages, I don't think we have to do that. Besides, we can make some good play while it was on our hands like doing basic trading as it is possible that we can earn more than doing staking. Staking seems effective unless we are committed that we will hold long-term while waiting for the bull season.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
March 28, 2023, 04:33:33 PM
#69
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.
I think there is also a staking platform that allows you to unstake your coins anytime or after some days or weeks. This is perfect if you are staking new coins which you are doubting if they will be successful in the long term or not. For the older coins like for example ETH, their staking time is usually a year or can be longer than that. The minimum coin to be staked is also much higher.

I think this is only perfect for those whales and institutions. For us retailers we can only hodl the old coins and we can still make a profit with it. The good about simply holding a coin is there are no commitments but we are free to sell our coins anytime we like.
Yes, that's the flexible term of staking.

And it's also an advantage to choose that term so, having lesser APY but you're also allowed to unstake anytime as you wish. That's the best choice that someone who's into staking can do.

ETH's staking is different and it's more advisable to just hold it if you don't have that much rather than joining a pool. But if you insist and wants to help the network with your < 32 ETH then you're required to join a pool.
hero member
Activity: 2268
Merit: 507
March 28, 2023, 04:13:16 PM
#68
i'd just prefer to become LP instead of staking and locking your money, at least with LP you got some good fees and then you have the leisure of withdrawing your money anytime. even though the money gained maybe lower than staking, still the fact that you could always remove your LP and get your money back seems promising.
jr. member
Activity: 164
Merit: 2
March 28, 2023, 02:04:17 PM
#67
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.


Benefits -

Staking can be a great way to earn rewards while holding onto your investments for the long term.

Risks -

Staking typically involves locking up your coins for a certain period of time, which can limit your ability to sell or move them quickly.
Staking with an unreliable or malicious validator can put your investment at risk.
Blockchain networks can undergo hard forks or technical difficulties that could impact the value of your staked coins.

Tips -

Choose a reputable validator to stake your coins with.
Do your own research and stay up-to-date on news and developments in the blockchain industry to make informed investment decisions.




hero member
Activity: 3038
Merit: 617
March 28, 2023, 12:35:35 PM
#66
^
I'm sure it depends on which token you are going to stake. Buying them from where the price is way low is a good way to invest while also staking the tokens. And also choosing which token to invest in terms of how or where they're going to be stake.

Some tokens can just be staked within the wallets while some need a platform.  If it's the latter, that's where you have the problem when it comes to the unlocking period. Tokens that can be staked within the wallets are much easier to handle as tokens stays in your wallet.



member
Activity: 207
Merit: 12
Syntrum.com
March 28, 2023, 12:16:00 PM
#65
I prefer to hold than to stake, because I feel at ease holding my coins in my wallet than waiting for an unlock period for a few coins to get my initial amount out of the platform, also it's risky because something could happen to the staking platform any time, if you like staking your coin make sure you stake inside your non custodial wallet, do not send your coins to another platform for staking.
sr. member
Activity: 1188
Merit: 251
March 28, 2023, 09:11:05 AM
#64
it's better for you to hold onto the coins in the long run than to gamble to stake, it's too risky. because I've experienced it.
In addition, some betting systems are irrevocable in the procedures they make for example a minimum time frame of 1 month. correct me if wrong
member
Activity: 868
Merit: 12
March 28, 2023, 12:19:52 AM
#63
Staking coins could be good, especially the likes of altcoins that come with a good profit of APR/APY. Stable coins wouldn't generate for you more profit but it's all an add-up compared to just having your coins stored im a cold wallet and expecting it to dance to bull run tunes.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
March 27, 2023, 05:58:38 PM
#62
Although staking is a popular way to earn rewards in the cryptocurrency market, I have not personally engaged in it. I prefer to store my funds in a non-custodial or hardware wallet, as I am not willing to take any risks with my investments. With the numerous dramas and uncertainties surrounding the crypto market, I prefer to avoid potential pitfalls and safeguard my assets in my own hardware wallet. Staking involves significant risks, including a locked period and market volatility, both of which are unsuitable for my investment strategy. Therefore, I choose to stay away from staking altogether.

on the other hand, i tried staking several coins in the past. what i learned was, you need to follow your instincts and sell off if you feel the project is about to lose its good performance in the market. don't hold too long, because you may end up holding bag of worthless coins. a lot of staking coins are already dead now, and yet some holders are still holding them. there's no reason to hold such useless coins, it will just give you heartache as you will remember the wasted resources you've put into.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
March 27, 2023, 05:49:21 PM
#61
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.

An obvious risk in staking coin to a site is the possibility of a rug pull.  If the site decided to run with your funds and scam people who are staking on the platform, you cannot do anything but to accept the losses sine the funds lost in a rugpull cannot be recovered unless the person who scam you are caught and still holding the fund.

If the reputation of the site that is offering staking services is yet established, then I think it is better to just hold the coins or token if you are planning for a long term.  But if the platform is reputable and you plan to hold the token for a long time, it is better to stake that coins/token to the reputable platform while waiting.  This way your holdings will slowly increase giving you more profit in time when the selling price is hit.
legendary
Activity: 2394
Merit: 2223
Signature space for rent
March 27, 2023, 04:29:51 PM
#60
Although staking is a popular way to earn rewards in the cryptocurrency market, I have not personally engaged in it. I prefer to store my funds in a non-custodial or hardware wallet, as I am not willing to take any risks with my investments. With the numerous dramas and uncertainties surrounding the crypto market, I prefer to avoid potential pitfalls and safeguard my assets in my own hardware wallet. Staking involves significant risks, including a locked period and market volatility, both of which are unsuitable for my investment strategy. Therefore, I choose to stay away from staking altogether.
hero member
Activity: 2926
Merit: 640
March 27, 2023, 02:08:00 PM
#59
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.
I think there is also a staking platform that allows you to unstake your coins anytime or after some days or weeks. This is perfect if you are staking new coins which you are doubting if they will be successful in the long term or not. For the older coins like for example ETH, their staking time is usually a year or can be longer than that. The minimum coin to be staked is also much higher.

I think this is only perfect for those whales and institutions. For us retailers we can only hodl the old coins and we can still make a profit with it. The good about simply holding a coin is there are no commitments but we are free to sell our coins anytime we like.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
March 27, 2023, 07:07:42 AM
#58
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.
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
March 27, 2023, 06:39:15 AM
#57
The first one that I think everyone needs to be aware of in terms of the risk of not being profitable, along with that for long term holders/investors, there are some possible risks when placing a bet. on coins and tokens that they intend to hold for a long time as the cryptocurrency market can change very quickly and unpredictably. The price of cryptocurrencies and tokens can suddenly increase or decrease, and this can affect the value of your investment. And as a matter of security, if you store your funds in an unsafe or improperly protected electronic wallet, you may lose your funds due to cyber attacks or technical failures.
legendary
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Hhampuz for Campaign management
March 27, 2023, 06:26:16 AM
#56
Most crypto exchanges encourage investors to stake their coins for additional rewards.
Well, I think OP you should have to understand first what is staking. Don't even try this if you don't have any idea, never try this if you are not sure about this, and most of all, you should know the risk.

Honestly, staking gives you just a penny while these exchanges are earning more from it. It is just like a bank as the depositors get only a few percentages while they are benefiting more.
legendary
Activity: 3220
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www.Crypto.Games: Multiple coins, multiple games
March 27, 2023, 05:40:19 AM
#55
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 of holding PoS coins is market uncertainty. They're often subject to wild fluctuations in price, especially if they have high inflation rates. Most of the PoS coins you see on the top ranks in market cap, have a system where you "delegate" coins to validators or third-parties. It makes them centralized and subject to failure in the long run. Old PoS coins like Blackcoin, Diamond (DMD), and Peercoin are much more decentralized as they allow you to stake your coins in your own wallet. But the downside is that you need to leave the wallet open 24/7 if you want to increase your chances of earning from your stake.

If you want to play it safe, just stake ETH at a decentralized staking pool (eg: Rocket Pool or Lido.fi) and you're good to go. You can also stake tokens if you want by making a deposit in a liquidity pool. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my two cents Wink
legendary
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Once a man, twice a child!
March 26, 2023, 12:17:26 PM
#54
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 had a nasty experience with some tokens I staked last year. At first, I was scared going into it but after a while with conviction from another crypto friend I jumped in. It was an enjoyable experience until that which I dreaded happened. I was compounding my tokens on the site I staked them. Then one day I tried to access the site only to discover that the site was down. Later, I discovered that it had scammed. It was like a dream to me. I lost a lot of funds in that encounter but then that's business. Life goes on. It still won't stop me engaging in staking if I see an enticing offer again.

legendary
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Bitcoin Casino Est. 2013
March 26, 2023, 11:43:26 AM
#53
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.

To avoid this you need to stake to well known non custodial wallets which you know they will be with us,I say wallets because I rarely have seen any going away while I have seen a lot of exchanges,even super big ones fail miserably,FTX being the latest in these events.I personally stake Zilliqa in Atomic Wallet and the rewards they promise,they keep growing every day in my balance,I know I can withdraw them anytime,my only regret is not having much more money to buy and stake much more Zilliqa than my 8,000 which gives me about 2.5 Zilliqa a day in rewards from staking.
full member
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March 26, 2023, 11:04:24 AM
#52
I think crypto staking is indeed more profitable than just relying on a percent of bank interest, and crypto staking is also safe to do in the long term, this depends on what coin you want to stake, my advice is BNB staking is more profitable and safe
member
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March 25, 2023, 09:39:30 AM
#51
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.
staff
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March 25, 2023, 09:08:09 AM
#50
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.

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.
jr. member
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Merit: 2
March 25, 2023, 05:14:58 AM
#49
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?
member
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March 24, 2023, 10:19:12 AM
#48
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.
member
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March 23, 2023, 01:59:13 PM
#47
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.
hero member
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March 23, 2023, 12:08:48 PM
#46
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.
jr. member
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March 23, 2023, 10:55:40 AM
#45
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.
hero member
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March 22, 2023, 04:58:13 AM
#44
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.
full member
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PredX - AI-Powered Prediction Market
March 22, 2023, 12:28:51 AM
#43
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.
sr. member
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March 21, 2023, 04:59:10 PM
#42
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.
hero member
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March 21, 2023, 04:54:19 PM
#41
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.

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.
legendary
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zknodes.org
March 21, 2023, 02:44:07 PM
#40
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.
hero member
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March 21, 2023, 12:31:39 PM
#39

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.

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.
hero member
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Vave.com - Crypto Casino
March 21, 2023, 11:59:58 AM
#38
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.
hero member
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March 21, 2023, 11:36:39 AM
#37
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.
sr. member
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March 21, 2023, 11:31:11 AM
#36
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.
hero member
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Vave.com - Crypto Casino
March 21, 2023, 11:24:05 AM
#35
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.
full member
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March 21, 2023, 11:09:32 AM
#34
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.
full member
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March 21, 2023, 10:49:06 AM
#33
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
full member
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March 21, 2023, 10:37:38 AM
#32
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.
sr. member
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Cashback 15%
March 21, 2023, 09:19:25 AM
#31

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.
legendary
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March 21, 2023, 09:02:57 AM
#30
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.
sr. member
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Sugars.zone | DatingFi - Earn for Posting
March 21, 2023, 08:43:16 AM
#29
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.
legendary
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Need A Campaign Manager? | Contact Little_Mouse
March 21, 2023, 08:35:17 AM
#28
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.

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.
member
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March 21, 2023, 08:34:50 AM
#27
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.
full member
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Second Live
March 21, 2023, 07:27:38 AM
#26
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.
hero member
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March 21, 2023, 07:04:45 AM
#25
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.
member
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Syntrum.com
March 20, 2023, 10:33:56 PM
#24
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.
sr. member
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Hire Bitcointalk Camp. Manager @ r7promotions.com
March 20, 2023, 08:11:57 PM
#23
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
member
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March 20, 2023, 12:14:22 PM
#22
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.
hero member
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March 20, 2023, 12:05:42 PM
#21
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
hero member
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March 20, 2023, 11:40:27 AM
#20

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.
legendary
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Leading Crypto Sports Betting & Casino Platform
March 20, 2023, 11:34:41 AM
#19
-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.
sr. member
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March 20, 2023, 11:17:29 AM
#18
[......] 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.
staff
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March 20, 2023, 11:14:22 AM
#17
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.
member
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March 20, 2023, 11:10:46 AM
#16
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.
member
Activity: 110
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March 20, 2023, 11:07:27 AM
#15
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.
member
Activity: 742
Merit: 30
March 20, 2023, 10:52:14 AM
#14
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.
sr. member
Activity: 1554
Merit: 413
March 20, 2023, 10:45:48 AM
#13
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.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
March 20, 2023, 10:25:35 AM
#12
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.
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
March 20, 2023, 08:56:10 AM
#11
Your decision to stake a coin must be because you understand the project, you see it has a project with a great future for growth and the risk associated with staking. Staking is the new word for the masternodes hype we had in 2017, I would have been made if I had bought Dash at $2 and stake them in Masternodes till the bull market came, the price went to $2k in 2017 bull market that is 1000X ROI. The risk with staking is the future dilution, if the APR reward does not compensate for this then it does not worth it to stake your tokens. It is also easy to stake your tokens in a bear market because the price has already bottomed and can only go up than to be stupid to stake at the top of the bull market, so be careful
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
March 20, 2023, 08:28:23 AM
#10
I don't know what altcoin will give me long term profit. You can only increase the number of altcoins from staking but you will not know what the future of the altcoin will be.

If you want to hold coins for a long time, I think bitcoin is the best choice because we already know the potential benefits we can get from bitcoin. So maybe I think altcoins are only for the short and medium term, and after you get profit from altcoins, you can leave them for a while.
hero member
Activity: 700
Merit: 673
March 20, 2023, 08:15:01 AM
#9
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.
Holding your coin where you have 100% control over it is what's highly recommended and is the safest. 
My Bitcoin holdings and in wallet which I have control over it. 
I also buy specific coins or tokens for specific purposes. Their are coins that I bought, not because I just want to hold them, but because I want to stake them. I know it's actually not the safest, but it's just a risk I'm willing to take.
I purchased a few BNB, of which I left some on my Binance exchange, and during any project launchpad that I find interesting, I use it to participate and get the token as a reward. Why few which I kept in my trust wallet I stake it their just to be making some few % which sometimes I see that's the earning is not even worth the risk.  But at the same time, I prefer it there over some staking platform that might wake up one day and start giving me excuses.


2. You can choose to stake on Binance exchange, if anything goes wrong they will pay you back, Binance exchange takes responsibility for any users funds that get lost or stolen, using damage funds.
 
Any exchange offering BTC staking is just telling you to give them your coin for them to use and do business, and at the end of the agreed-upon period they will pay you back with interest. That looks like lending to me. 

I don't agree with this their statement. They always believe nothing will happen to users' funds, which is why they always take security seriously, but I don't agree that they will refund any users' funds that are stolen on their platform. This their statement sounds valid till we experience a similar FTX situation, which we don't pray for, then you will know that we can't take centralized exchanges' promises. 
legendary
Activity: 2184
Merit: 1302
March 20, 2023, 04:39:39 AM
#8
1. Pick top coins like Bitcoin
Bitcoin cannot be "staked" per se, Bitcoin operates using the POW algorithm, and technically coins that can be staked are POS coins. If you want to earn ROI on your Bitcoins, then you'd have to hodl it yourself in your non custodial wallet and be patient enough to wait for the long term.
2. You can choose to stake on Binance exchange, if anything goes wrong they will pay you back, Binance exchange takes responsibility for any users funds that get lost or stolen, using damage funds.
Are you sure about that? AfAIK Binance and other centralized exchanges do not take responsibility if their users funds are stolen or lost, it is even written in black and white in their terms of use:
Quote
BY MAKING USE OF BINANCE SERVICES, YOU ACKNOWLEDGE AND AGREE THAT: (1) YOU ARE AWARE OF THE RISKS ASSOCIATED WITH TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; (2) YOU SHALL ASSUME ALL RISKS RELATED TO THE USE OF BINANCE SERVICES AND TRANSACTIONS OF DIGITAL CURRENCIES AND THEIR DERIVATIVES; AND (3) BINANCE SHALL NOT BE LIABLE FOR ANY SUCH RISKS OR ADVERSE OUTCOMES.
sr. member
Activity: 952
Merit: 275
March 20, 2023, 04:02:12 AM
#7
I think the only cryptocurrencies worth staking with no worries are Bitcoin and Ethereum, the APY will always be smaller compared to some altcoins, I don't like staking altcoins because, after staking the price might surge and you won't be able to take profit if the altcoin project has a stop staking button it will come with some penalties,

Some altcoins have ridiculous staking rewards, like a gaming project that offers 69% APY, a very small project and the trading volume isn't even up to 20,000$, These types of projects are very risky, they can die at any time before the staking period even ready for claiming.

If its a must for you to stake.

1. Pick top coins like Bitcoin, Ethereum or BNB.

2. You can choose to stake on Binance exchange, if anything goes wrong they will pay you back, Binance exchange takes responsibility for any users funds that get lost or stolen, using damage funds.
legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
March 20, 2023, 03:37:46 AM
#6
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 never been for staking coins. The mode of operation seems flawed to me if one can get extra coins from the amount of coins they lock up.
In the short term, it has some economic profits by taking away coins from circulation and looking them up, reducing supply against demand, but long term it centralizes the coin as those with higher number of coins keep getting more. It also inflated the supply in the long term, which would eventually catch up with and possibly supercede demand.
sr. member
Activity: 854
Merit: 424
I stand with Ukraine!
March 20, 2023, 03:13:45 AM
#5
Dont chase unreal profit from staking.

Read
Reminder: Do not store your bitcoin in online accounts

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.

What if they go bankrupted and you won't be able to claim?
Examples: Terra, Voyager, Celcius, FTX.

Another risk is Impermanent loss.

What is impermanent loss?

'Stake' your bitcoins in your non custodial wallet is best and safest.
legendary
Activity: 2254
Merit: 1377
Fully Regulated Crypto Casino
March 20, 2023, 03:11:38 AM
#4
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.
Safest way is to hold it on a noncustodial wallet and just keep it. But if you are wondering about staking feature which is almost the same with holding but youll earn something then you should be aware of some restriction like what act said, staking have risk to lock your fund for certain time. But if you arent conservative there are features like on binance earn that are flexible to give you rewards but dont expect the rate to be higher than staking with locked on either dex or cex since its very flexible. But still higher than bank rates of course.

The potential risk might be would be the price declination. But thats normal, but if you are holding the token or coin for long term, you shouldnt mind that.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
March 20, 2023, 03:03:49 AM
#3
First of all, you have to know that after you unstake a coin, you have to wait for certain days which may be up to 14 to 30 days before you can be able to have control over the coin. While staking the coin, you should be notified about the days you have to wait before you unstake the coin and before you can be able to send the coin.

You have long term goal, you want to hold for maybe months or years, it would be better to stake the coin if that is the coin you want to hold.

But you should be careful of many coins that you can stake, it is better to go for a coin that you can not stake but that have the potential to increase in price more than expected than to stake a shit coin that its price may continue to fall or remain almost stagnant at some prices without moving up higher.
sr. member
Activity: 1820
Merit: 436
March 20, 2023, 03:02:45 AM
#2
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.

You could easily earn a good percentage in staking compared to investing in banks that only give a low percentage annually. But the only problem is because these are centralized exchange or custodial wallets that offer this kind of staking bonuses, Most wallets crumble down when the market is down and probably will go bankrupt then you lose all of your stakes, even on other projects staking reward wasn't worth it, especially on the long term. I've lost a lot of money staking on many projects mostly it's better to profit quickly than invest it on staking since it's a scheme so that the platform will always have liquidity.

Would probably trust Binance for staking since it offers a good reward for staking, it's a big exchange and probably the best cryptocurrency exchange out there to trade, but still, there is a possibility. It is still your decision if you're going to risk it but I do not recommend a centralized wallet or exchange for long-term investment.
member
Activity: 280
Merit: 10
March 20, 2023, 02:47:20 AM
#1
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.
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