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
Topic: Staking Coins With Annual Returns - Good Idea - page 2. (Read 346 times)
Similarly, avoid all project where they invite new investors by showing attractive offers.
Assess if the projected rate is too good to be true. If you think that they're manageable, then invest with caution. Not everyone can monitor that but at least we've given them some clue on how they should take care of themselves.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.
Exactly. We tend to get into those that have been tested and proven that they're not going to have an exit scam. Even if they only offer a small amount of rate but they're genuine rates and won't make the project bankrupt. But even with that, still, one has to be careful if it's about investing into staking coins.
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.
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.
Most of the previous users mentioned why you should avoid the Atomic wallet; thus, I'm not going to repeat that. Staking is generally a decent way to earn a semi-passive income, and I'm saying semi instead of solely passive because it still requires constant monitoring and the occasional switch between the available or profitable vaults. 22% is actually great and won't last long, but you'll receive reasonable yields for as long as it lasts. Keep in mind that usually, the higher the APY, the higher the risk, while you should also take into account the possible impermanent loss. Impermanent loss is when you're yielding coins but they're losing value, which, if it's at a high rate, means you'll end up losing more than you earn.
Some staking coin with annual good return.Some staking coin didn't any return.Sometimes huge losse this time.I didn't suggestion staking coin.90% risky annual staking this is my thinking.So first time follow annual staking & analysis than your won research & investment.Most time losse annual staking.so I didn't suggest this staking.
But it depends on the project itself I think sir and how strong it holds against the market waves, instead of us investing in spot and keeping the coins we have, then we have aspirations to get a decent profit from the coin from holding on to the long term more good in my opinion staking coins to make the coins you have multiply and increase profits if a bullrun arrives, just like in ETH even though we get payments with a percentage below 10%, but that's better, the focus here is not how much the staking payment is do but how logically the project provides payments to investors who do staking, this needs to be looked at and taken into account.The payout that the op mentioned at 22% is too high and illogical, this should be questioned again with the project being done, this is quite crazy, this project could turn out to be a scam in the end.
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.
Some staking coin with annual good return.Some staking coin didn't any return.Sometimes huge losse this time.I didn't suggestion staking coin.90% risky annual staking this is my thinking.So first time follow annual staking & analysis than your won research & investment.Most time losse annual staking.so I didn't suggest this staking.
Do you think it's a good idea to stake coins?
Please explain your opinion.
Please explain your opinion.
First things first, you should should not use Atomic wallet to stake. If they have the highest APYs for the same set of assets that other wallets offer 5-10%, that alone should make you skeptical. Atomic wallet is too controversial (they have been hacked before) and their team denied the hack but barely did anything to compensate users or provide a post-mortem or recovery plan for its users. I recommend staying away from such wallets where or not the hack was from their team.
About staking, you can stake for rewards but you should be very mindful of blockchains that lock your staked tokens for 2 epochs (around 48hrs) in order for to unstake. Luna has similar lock-time and by the time the unstaked tokens became available for withdrawal, the price already went downhill. It's just something to keep in mind.
Staking isn't a bad decision but choosing the wrong exchanges, wallet, and coins really matters a lot because the results will depend on them. If you are badly choosing any of those, you will never expect Returns/earnings but you probably get losses. But this is not the reason why I don't do staking anymore because of the risk involve and the profit sharing because I know myself that I can make more if I'll never stake my coins instead, I use it to trade.
Well, the only thing I would say to you OP is to be more cautious. Research and background check is very important because a single mistake will certainly lose your money instantly.
this much is actually true, staking involves trust towards the platform that we are staking our money in.Well, the only thing I would say to you OP is to be more cautious. Research and background check is very important because a single mistake will certainly lose your money instantly.
whether we could score some profits hugely depends on the platform itself, if the platform itself is legit, we could definitely get some good returns.
but the thing is that, sometimes the APY offered is relatively low.
if we are finding some coins with relatively high APY then we should degrade the choice of our staking to the lesser trusted and reliable, which means higher risk of not getting the investment and profit back but might make the capital we invested in vanish.
I'm not sure where to put this in the forums. Since I am a beginner, I thought I would put it in the Beginner section.
I have Atomic Wallet.
It offers the highest percent annual return for staked coins.
There are other crypto wallets that offer higher returns but it's not available to US citizens.
Osmo-USD has been pretty steady for quite some time. It offers a 22% annual return if staked.
Some people will say but that won't last forever. No one knows when the percentage will drop.
If it drastically drops then I can move it to another coin that offers a 22% annual return.
Or I could put equal amounts into 4 different coins that offer high yields.
So if one drops I can move it to another coin.
Some people will say what if the price of the coin drastically drops?
But you can say that about any coin you invest in.
Do you think it's a good idea to stake coins?
Please explain your opinion.
I have Atomic Wallet.
It offers the highest percent annual return for staked coins.
There are other crypto wallets that offer higher returns but it's not available to US citizens.
Osmo-USD has been pretty steady for quite some time. It offers a 22% annual return if staked.
Some people will say but that won't last forever. No one knows when the percentage will drop.
If it drastically drops then I can move it to another coin that offers a 22% annual return.
Or I could put equal amounts into 4 different coins that offer high yields.
So if one drops I can move it to another coin.
Some people will say what if the price of the coin drastically drops?
But you can say that about any coin you invest in.
Do you think it's a good idea to stake coins?
Please explain your opinion.
no one can pay 22% for a long time.
It is a likely Ponzi that will end badly.
Staking isn't a bad decision but choosing the wrong exchanges, wallet, and coins really matters a lot because the results will depend on them. If you are badly choosing any of those, you will never expect Returns/earnings but you probably get losses. But this is not the reason why I don't do staking anymore because of the risk involve and the profit sharing because I know myself that I can make more if I'll never stake my coins instead, I use it to trade.
Well, the only thing I would say to you OP is to be more cautious. Research and background check is very important because a single mistake will certainly lose your money instantly.
Well, the only thing I would say to you OP is to be more cautious. Research and background check is very important because a single mistake will certainly lose your money instantly.
I'm not sure where to put this in the forums. Since I am a beginner, I thought I would put it in the Beginner section.
I have Atomic Wallet.
It offers the highest percent annual return for staked coins.
There are other crypto wallets that offer higher returns but it's not available to US citizens.
Osmo-USD has been pretty steady for quite some time. It offers a 22% annual return if staked.
Some people will say but that won't last forever. No one knows when the percentage will drop.
If it drastically drops then I can move it to another coin that offers a 22% annual return.
Or I could put equal amounts into 4 different coins that offer high yields.
So if one drops I can move it to another coin.
Some people will say what if the price of the coin drastically drops?
But you can say that about any coin you invest in.
Do you think it's a good idea to stake coins?
Please explain your opinion.
I have Atomic Wallet.
It offers the highest percent annual return for staked coins.
There are other crypto wallets that offer higher returns but it's not available to US citizens.
Osmo-USD has been pretty steady for quite some time. It offers a 22% annual return if staked.
Some people will say but that won't last forever. No one knows when the percentage will drop.
If it drastically drops then I can move it to another coin that offers a 22% annual return.
Or I could put equal amounts into 4 different coins that offer high yields.
So if one drops I can move it to another coin.
Some people will say what if the price of the coin drastically drops?
But you can say that about any coin you invest in.
Do you think it's a good idea to stake coins?
Please explain your opinion.
Atomic Wallet didn't fulfill my expectations at that moment and as others said above it has some security flaws.
This year I am operating with BItkeep (now rebranded as Bitget Wallet). Metamask and Trust were my mains in DeFI but I moved out to the other for having more integrations than the other two giants (89 between dAPPS and Chains). Now you can choose between a 12 seed phrase or a 24 one and has 6 chains added instantly (For me that I downloaded this to start testing ZksyncEra was a huge deal). Is pretty smooth and fair for beginners and is very used by defi Traders
Do you think it's a good idea to stake coins?
Please explain your opinion.
Even if it is not wrong to do such a thing but in the end we must realize that not all coins will last for a long time so in this case if you really want to try to bet coins especially for a long time like the annual context in your title then I think it will be risky if the coin you bet is ordinary.
Even though it may be good now, it doesn't necessarily last long because it could experience problems at any time and actually make losses in the end which makes me feel that something like this for altcoins is not worth it.
I really think staking is not a good option, this is just my opinion because If we have to stake then there will always be some risk if the price of the coins falls or the project fails to deliver then what will happen? Someone will lost all his funds, but the good option is always trading.
With ETH I think it's going to make stakers a lot of money though and most institutions are going to be holding POS tokens for staking. I think that's what makes it tempting to stake ETH.
It's just not going to be worth using ATOMIC wallet though because it's not an opensource project. I remember there was an issue about it months ago so don't get attracted to wallets like that because of the high interest. You'd rather be using wallets used by the developer itself and are opensource to make sure you won't lose your funds.
I really think staking is not a good option, this is just my opinion because If we have to stake then there will always be some risk if the price of the coins falls or the project fails to deliver then what will happen? Someone will lost all his funds, but the good option is always trading.
Some people will say what if the price of the coin drastically drops?
But you can say that about any coin you invest in.
Not really. You have to calculate the risks of each cryptocurrency before reaching the conclusion they can fall drastically or not. Take the history of each of them and you will reach to different conclusions. Example: brand new created tokens are more risky, because you don't have a previous history to analyze, while consolidated cryptocurrencies such as BTC and ETH give you all the necessary previous informations to reach a very optimistic prediction on long term.But you can say that about any coin you invest in.
In my opinion it's better to avoid staking tokens offering too high annual return. It's certain you their prices are going to drop once investors start receiving yield back. Early investors may make decent profit, but late ones will make tiny profit or no profit at all... Unless there is a benefit else when staking on those programs, I wouldn't go further.
Some people will say what if the price of the coin drastically drops?
But you can say that about any coin you invest in.
But you can say that about any coin you invest in.
No, by investing in some ETH or BTC, the likelihood that the coin will plummet in value is minimal. Various obscure coins that have questionable fundamental properties have a much higher probability for rapid depreciation. Therefore, the claim that any coin can also depreciate like some obscure token offering 22% annualized returns is not true and is more like complacency to put your money into that 22% token. Risks are not equal and where they offer high interest rates, that place will always have higher risks than the rest.
I avoid taking the risk of staking for minimal profit, although it may be suitable for certain investors. I choose not to rely on exchanges and wallets for staking instead, I securely store my coins in a hardware wallet. While the attractive staking returns are appealing, the inflexible staking terms pose a challenge. If the staking duration isn't completed, the benefits are forfeited, which can leave investors feeling trapped. If staking were to occur on a proportional or daily basis, it would be favorable. Otherwise, staking could become a commitment that restricts one's options.
I have some Atomic Wallet tokens, but it's a fiasco, I should dump them when they were over $1... they are on staking, but their value is down a lot, and I am not sure we will see it rising again after that hack and many negative reviews around.
Personally, I never had any problems with my Atomic wallet, but I didn't have a considerable amount there for the long term.
Personally, I never had any problems with my Atomic wallet, but I didn't have a considerable amount there for the long term.
I'm not sure where to put this in the forums. Since I am a beginner, I thought I would put it in the Beginner section.
I have Atomic Wallet.
It offers the highest percent annual return for staked coins.
There are other crypto wallets that offer higher returns but it's not available to US citizens.
Osmo-USD has been pretty steady for quite some time. It offers a 22% annual return if staked.
Some people will say but that won't last forever. No one knows when the percentage will drop.
If it drastically drops then I can move it to another coin that offers a 22% annual return.
Or I could put equal amounts into 4 different coins that offer high yields.
So if one drops I can move it to another coin.
Some people will say what if the price of the coin drastically drops?
But you can say that about any coin you invest in.
Do you think it's a good idea to stake coins?
Please explain your opinion.
I have Atomic Wallet.
It offers the highest percent annual return for staked coins.
There are other crypto wallets that offer higher returns but it's not available to US citizens.
Osmo-USD has been pretty steady for quite some time. It offers a 22% annual return if staked.
Some people will say but that won't last forever. No one knows when the percentage will drop.
If it drastically drops then I can move it to another coin that offers a 22% annual return.
Or I could put equal amounts into 4 different coins that offer high yields.
So if one drops I can move it to another coin.
Some people will say what if the price of the coin drastically drops?
But you can say that about any coin you invest in.
Do you think it's a good idea to stake coins?
Please explain your opinion.
Staking means you are giving tokens to block validity service and earn some block rewards. That is a passive income for the staking. But the problem is the atomic wallet. As I remembered it was hacked. You can try out the iopay wallet as well(If you are staking iotex tokens)
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