Topic: Staking Coins With Annual Returns - Good Idea (Read 351 times)
Definitely the best plan but you need to collect the best tokens in crypto to stake. Because stake programs pay out rewards over a fixed period of time, good projects have less risk. There are a very small number of top coins that have staking programs in place just to keep the holders in control. If you have more amount of money then it will be profitable for you but also you should follow other steps of investment.
my general rule of thumbs with these staking coins, if its new coins stake no more then very few months like 1 month or 2 months, if its stablecoin then stake for maybe long term because usually you might get good return for long term investment but usually you will need massive capital with this one.
remember that with staking the bigger money you are staking the more rewards you usually gonna get its no exception with stablecoin and even ordinary coin in general.
but always remember project that overpromises with their massive APY usually they are just shitty projects honestly.
remember that with staking the bigger money you are staking the more rewards you usually gonna get its no exception with stablecoin and even ordinary coin in general.
but always remember project that overpromises with their massive APY usually they are just shitty projects honestly.
Some coins do have good APY (beware of coins that give you very high APY. Google it and you will know why it is bad) and if you are holding those coins, why not stake it? The rewards can be considered as extra profit while holding your coins. There are coins that you can stake without have to lock your coins. You are free to use and sell those coins whenever you want. You may want to look at those. And use your own decentralized wallet to stake. Don't use exchanges or thirdparty wallets to stake. Highly likely you might lose your coins.
Do you think it's a good idea to stake coins?
Please explain your opinion.
Staking was not that bad idea But the platform of that staking should be reputable. Although centralized all platform should be avoided for that. I would tell a person to stack a coin only when he invested in a coin and its price has gone down a lot, and he is waiting for that coin to pump again. Basically, this means that I suggest staking as the last stage for those who are investing for long term investment. I myself have been staking a token because its price has gone down. Please explain your opinion.
If you can interact with the smart contract through your own non-custodial wallet, who can take your money? In this case, there is only the risk of the smart contract being hacked. Plus, you don't have to wait a whole year to get your staking reward. There are pools that can pay out your rewards every 14, 28, 48, etc days. In this case, the interest rate may be reduced, but it is more optimal than waiting for 1 payout all year.
I think that it would be good idea if you keep it going for a long time. The result of constantly investing and keep reinvesting the profits is great, that way a lot of people get rich and you should be too. Bitcoin itself for example, even though people do not know this a lot, binance does give rewards for keeping your bitcoin there, calls it staking even though you are not staking anything, and you should be able to make more.ETH is the same, it has become proof of stake, which means that not only you will make an income from it, but you will also constantly get returns as well. I feel like we should consider that as a good thing and should be making a lot of profit with it as long as we possibly could.
Staking bitcoin is one of the dumbest things to do. I'm not imposing my point of view on anyone, it's just my position. Bitcoin has been growing steadily over its lifetime and generating income over the long term. That is, we realize that it is a revenue model and if we invest at any time, sooner or later we will get a return. Knowing this information, I don't see the point of sending bitcoin to some centralized services to get a little more than you can get from just holding coins in your wallet. That increase in potential income in no way justifies the risks that a staker exposes himself to when sending his bitcoins to some centralized service's staking pool.
Staking for 1 year? I doubt its good idea to invest on that since they might take our money without us knowing and we can't assure that we can withdraw our funds if its lock for one year.
Much better for us to find another reliable investment options since staking will never be a good investment decision knowing that its hard to determine if we can earn with them.
If you can interact with the smart contract through your own non-custodial wallet, who can take your money? In this case, there is only the risk of the smart contract being hacked. Plus, you don't have to wait a whole year to get your staking reward. There are pools that can pay out your rewards every 14, 28, 48, etc days. In this case, the interest rate may be reduced, but it is more optimal than waiting for 1 payout all year.Much better for us to find another reliable investment options since staking will never be a good investment decision knowing that its hard to determine if we can earn with them.
ETH is the same, it has become proof of stake, which means that not only you will make an income from it, but you will also constantly get returns as well. I feel like we should consider that as a good thing and should be making a lot of profit with it as long as we possibly could.
Coin staking It's really good ideas but when people’s don,t know how to staking Their coin than it’s look like fools first of all people’s need to know properly how to do stake theire coin and earning annual profit.
Too good-to-be-true offers make it seem that it is a wise or Good Idea but it is not. It's just that it's going to make you feel good at the start but in the long run, it might not be. If you are willing to take that risk for staking coins on those types of projects, then you need to ready yourself for losses. Be careful with that.
I have a different view regarding this. I meant let's say that you bought eth @2k then you staked it but it plunges so hard until it reaches 1k which makes you lose 50% of your investment. It's being unrealistic to expect the price to come back again in a short time.
It is because you want to take a profit in at short time and you are not wrong when the amount of your cut loss can be closed from the profit you get in short term,
But lets say you buy ETH and then you are long term holder rather than cutloss you can continue DCA and stake monthly rather than HOld it plainly. So staking is best for long term holder in my opinion
Staking for 1 year? I doubt its good idea to invest on that since they might take our money without us knowing and we can't assure that we can withdraw our funds if its lock for one year.
Much better for us to find another reliable investment options since staking will never be a good investment decision knowing that its hard to determine if we can earn with them.
Much better for us to find another reliable investment options since staking will never be a good investment decision knowing that its hard to determine if we can earn with them.
If you can interact with the smart contract through your own non-custodial wallet, who can take your money? In this case, there is only the risk of the smart contract being hacked. Plus, you don't have to wait a whole year to get your staking reward. There are pools that can pay out your rewards every 14, 28, 48, etc days. In this case, the interest rate may be reduced, but it is more optimal than waiting for 1 payout all year.
Staking for 1 year? I doubt its good idea to invest on that since they might take our money without us knowing and we can't assure that we can withdraw our funds if its lock for one year.
Much better for us to find another reliable investment options since staking will never be a good investment decision knowing that its hard to determine if we can earn with them.
Much better for us to find another reliable investment options since staking will never be a good investment decision knowing that its hard to determine if we can earn with them.
Staking is always bad, never stake if you don't want to take a risk to lose all of your coins.
Either you stake in non custodial wallet, old coins, stable coins, trusted exchanges etc your coins will be staked in centralized smart contract and if it's get hacked, all of your coins are gone. Don't get tricked with big APY, high risk high return.
Either you stake in non custodial wallet, old coins, stable coins, trusted exchanges etc your coins will be staked in centralized smart contract and if it's get hacked, all of your coins are gone. Don't get tricked with big APY, high risk high return.
legendary
Activity: 2576
Merit: 1043
Little_Mouse Campaign Management | OrangeFren.com
~
Do you think it's a good idea to stake coins?
Please explain your opinion.
22% APY? That alone is already a red flag for me.Do you think it's a good idea to stake coins?
Please explain your opinion.
I remember Terra Luna with this one where they're giving I think 20% APY for those who put their coins into their project. Ending? Many lost their money when the project fell down because of just a simple hack or bug whatever it is.
Staking in general is a good thing because you will have the opportunity to get more coins on a yearly basis because your coins are basically being used to earn more coins. On the other hand, let's think of the annual interest that they're giving if it's realistic or not. That 22% alone isn't realistic for me because who will give 22% to investors and take note that "it's free". Don't fall for this traps of these kind of projects.
I'm also staking some altcoins, so I'm not against staking, but let's be considerate at least, and think if the amount of annual interest that they're giving is realistic or not.
(....)
Do you think it's a good idea to stake coins?
Please explain your opinion.
Very risky for me if the platform you will stake on is not safe. But if you want to protect your funds especially protect from spending and losing value by buying other coins, staking is good especially instead of holding it in your wallet, just stake it somewhere that will earn interest.Do you think it's a good idea to stake coins?
Please explain your opinion.
Seems you want to do some staking with involved of 2 cryptocurrency, a pair with a stablecoin and non stablecoin, expect the impermanent loss here, don't be lured with the APY/APR.
To be honest staked coin is the best option in the bear market like this when you buy at the peak.
Usually, coin/altcoin had a stake option on their official website take example Cardano or ETH you can directly Stake without third part app and can delegate rather than using wallet like atomic
Usually, coin/altcoin had a stake option on their official website take example Cardano or ETH you can directly Stake without third part app and can delegate rather than using wallet like atomic
I have a different view regarding this. I meant let's say that you bought eth @2k then you staked it but it plunges so hard until it reaches 1k which makes you lose 50% of your investment. It's being unrealistic to expect the price to come back again in a short time.
I prefer to cutloss it rather than try to stake. I can buy that at the bottom, which was giving fast profit compared with staking. The annual return from staking is not worth with the risk.
The different case if we are staking stable coin, but the risk to depeg will always be there. Nothing safe in the crypto. Staking ethereum requires a lot of money but it offers very small interest which is not even worthy for the small fish to use ethereum for staking purpose.
If we are dealing the risk and farm is far better compared with staking as we can get better APR than staking. It's worth with time and risk faced by our investment.
Similarly, avoid all project where they invite new investors by showing attractive offers. Older investors have more experience in the crypto market so they don't rush to invest and always pick the best coins. Moreover, there are many old projects for staking programs where the risk is low and the profits is dependent. So I think old projects will be best for stake planning and especially those who are newbie investors.
I think all projects are like that because that is where they can get an investor but they only need to make sure that what we investors see is also what we can get because there are so many projects out there who are only good at their ads or marketing.An old investor has a good experience in the market so they can also play with the not-so-good coins and they need to be quick here because these coins are only good at the start but later on, they will now perform poorly. Staking is like investing which can only give us an additional income so I wouldn't depend on them alone. It is still better to have a stable source of income outside cryptos.
Similarly, avoid all project where they invite new investors by showing attractive offers. Older investors have more experience in the crypto market so they don't rush to invest and always pick the best coins. Moreover, there are many old projects for staking programs where the risk is low and the profits is dependent. So I think old projects will be best for stake planning and especially those who are newbie investors.
I think all projects are like that because that is where they can get an investor but they only need to make sure that what we investors see is also what we can get because there are so many projects out there who are only good at their ads or marketing.An old investor has a good experience in the market so they can also play with the not-so-good coins and they need to be quick here because these coins are only good at the start but later on, they will now perform poorly. Staking is like investing which can only give us an additional income so I wouldn't depend on them alone. It is still better to have a stable source of income outside cryptos.
I would say that putting the main focus in staking on unknown coins that give high yields would be a foolish decision. Sooner or later one of two things will happen:
Standard situation when unknown projects try to attract liquidity by loud promises and tasty interest.
Lots of people believe they can get paid 600% in a year if it's written in the terms and conditions
- the coin will get very cheap
- the coin will drop in payout rates before the staking period ends.
Standard situation when unknown projects try to attract liquidity by loud promises and tasty interest.
no one can pay 22% for a long time.
It is a likely Ponzi that will end badly.
It is a likely Ponzi that will end badly.
Lots of people believe they can get paid 600% in a year if it's written in the terms and conditions
the thing with old projects is that they just don't have as much potential, they've drained all their potential when they are still relatively considered new coins.
nowadays i think you can witness some of the old coins which have the glory in previous bullrun cycle losing their value and market capitalisation massively and getting replaced by newer coins.
the only coins that could holding on and thrive until now are those with real utility like ethereum, the other? not so much.
thats why nowadays so many people are always choosing new coins, same with staking, if someone is seeking that massive return, new coins is the way to go.
abandoned old coins no longer have any power because some of the old coins don't develop properly. There will be no more innovation and there will be little volume in the end.nowadays i think you can witness some of the old coins which have the glory in previous bullrun cycle losing their value and market capitalisation massively and getting replaced by newer coins.
the only coins that could holding on and thrive until now are those with real utility like ethereum, the other? not so much.
thats why nowadays so many people are always choosing new coins, same with staking, if someone is seeking that massive return, new coins is the way to go.
Unlike the old Ethereum coin which was the top altcoin which until now has good development and is also the center of the development of new emerging chains. Apart from ethereum, I usually choose BNB because it is the biggest token exchange at the moment, namely Binance, with a lot of innovation and BNB is very much needed.
Finding great returns on new coins will not be easy. many new coins end up in scams, scams and it will be very risky, it takes in-depth research for new coins to be followed.
The newly launched SEI and Cyber, for instance, offer great returns on Binance, ranging between 15% and 20% APY, which is great and certainly won't last long, and I'm trying to take full advantage of it.
the thing with old projects is that they just don't have as much potential, they've drained all their potential when they are still relatively considered new coins.
nowadays i think you can witness some of the old coins which have the glory in previous bullrun cycle losing their value and market capitalisation massively and getting replaced by newer coins.
the only coins that could holding on and thrive until now are those with real utility like ethereum, the other? not so much.
thats why nowadays so many people are always choosing new coins, same with staking, if someone is seeking that massive return, new coins is the way to go.
abandoned old coins no longer have any power because some of the old coins don't develop properly. There will be no more innovation and there will be little volume in the end.nowadays i think you can witness some of the old coins which have the glory in previous bullrun cycle losing their value and market capitalisation massively and getting replaced by newer coins.
the only coins that could holding on and thrive until now are those with real utility like ethereum, the other? not so much.
thats why nowadays so many people are always choosing new coins, same with staking, if someone is seeking that massive return, new coins is the way to go.
Unlike the old Ethereum coin which was the top altcoin which until now has good development and is also the center of the development of new emerging chains. Apart from ethereum, I usually choose BNB because it is the biggest token exchange at the moment, namely Binance, with a lot of innovation and BNB is very much needed.
Finding great returns on new coins will not be easy. many new coins end up in scams, scams and it will be very risky, it takes in-depth research for new coins to be followed.
Jump to: