Topic: Staking really great way in crypto wealth (Read 800 times)

If the interest rate, as you say is very low and far behind my country's interest rate. Bank interest rates in my country will be from 8% to 9 %/year, which has been maintained for over 20 years. And it hit a high this year of 13%, but it looks like it is falling as inflation is also slowly cooling down. That's why I say that the APY of the stake is not higher than the bank rate. But according to the interest rate you give, it is true that many people like to plunge into stake is completely reasonable.

If it's like that, then I don't want to be a part of it. Because with alt coins, you put them on staking hoping to get the APY profits and when it's locked you see your tokens decrease in value. And there's nothing to do except to stand by and watch. If it was with bitcoin, I won't have any problems with that. Because with Bitcoin, we can know that it will grow back after some period of time. With alts? I don't have any faith that it will grow back. So no staking with it. I am better off with trading.

Can you imagine yourself? You still do not have anything reasonable to contribute other than deviating from the subject. If you have, explain why your style is better than mine and stop being idiotic. It's clear that I am dealing with a very low-IQ individual because I don't know what proof a reasonable person needs when I said I can only trade and hold Bitcoin other than staking because they are more productive, while the other additions are secondary, anyone could do things their way, it mustn't be your way, okay? And for the record, this is a discussion, not a piece of investment advice, so wake up and stop disgracing yourself through your nonsense overbearing nature when it's clear you know nothing but just messing around. And by the way, who are you to be commanding me to show you proof? Why not take it under your pilot?

And frankly, why is it that you are the only one complaining even though your complaints are so foolish? You can't even reasonably explain simply why staking is better constructively but just criticising. Investors could do things their way, do it your way, it must not be the same thing, Mr perfect. This is the reason why people like you will never grow, you doubt and will never see beyond what your tiny brain could take you.

When leaving out your coins on any platform and would really be having that staking thing then we are already putting up on such risks considering that it isnt really that been stored in our own personal wallet but into theirs on which i cant really just be that too confident or having those trust on the time you would be transferring your assets. Yes its true that those good APY's is something that could really be the one reason on why you would really be hooked up but if you are that person who are really thinking up sensibly and minding off with the risks then you would definitely be trying out to avoid as much as possible
on doing staking.

It would really be just that fine on the time that you would unstake and pulling out those coins then you could do it everytime but most of them and just like on what others been saying that there's a
an unbonding period on which means that you cant really pull it off completely and would be waiting up for a certain duration.

If it's not a locked staking, then I am down for it. But when it comes to locked staking, I have a terrible experience with that. I saw my token's value decreasing and increasing time to time, and I knew that I could have made a good profit if I had been trading instead of staking. And the profit you get from staking is very low. And based on your chosen token, you could also make loses as I did. The price of that token is still less than -75% now. And even the bull run won't help it to grow again. It's done.
So I guess it is better to put your money in the bank and take interest instead of choosing volatile crypto market. But the best option will be trading in my opinion if you are looking for a good profits in return. But it's risky, so do it at your own risk. Or just do staking, if you like it that much. It's your assets and your choice.

You're shocked to read things on this forum? I should be the one shocked by your claims but I'm not. I've seen too much things been claimed here on this forum to be shocked anymore

Man if I believe in everything people say without evidence, I would believe the earth is flat, and that people make money trading crypto all the time cause they so smart.

Also I guess you didn't really read what I'm talking about. I was talking about staking Bitcoin (duh, this is the whole topic of the conversation, if you forgot), not banks and companies offering fiat interest (20% is possible like that too).

All I'm saying in summary is you're talking bullshit and misleading people. If you really hold and trade Bitcoin and make as much as you claim, then you have proof. Nobody stays for years and continuously makes money trading Bitcoin. I criticize because people like you mislead others, thinking they can do the same.

Also misleading others into thinking they're safe keeping their funds in centralized companies. Well regulated, insured, yeah, name those companies. And show us proof of your claims.

But you can't and you don't. Don't bother replying unless it comes with names and proof Or what's the point of "contributing"?

No bank in the world can offer such a high API, provided that there is no hyperinflation in the country. The usual interest rate on banks is 1-2% per annum, which is much lower than what you get in staking. As for American banks, Citi Bank offers 0.9%, and Goldman Sachs offers 0.8%.

First, it almost shocked me when I read your post, but on second thought, I wasn't anymore since there will always be some people like you that doubt so much. It's not because that thing is not real or impossible but simply because it's impossible to/for you. Mind you, because something is impossible for you doesn't mean it's actually IMPOSSIBLE, that might only be your own limit, so don't judge or conclude for others in that regard, this is what I do.

You even baffled me more with your analogy of finding reasons to stake, perhaps you are new to the investment world, I am not, I live there. I can only trade and hold Bitcoin, I can't stake it. How would I do that when banks and some companies are still offering me between 9-12% annually? Common!!! Think before you correct someone, better still, you just avoid correcting if you don't have important things to contribute. No one doesn't like money or goes for the best offers. What you even replied to are my conclusions about Bitcoin-related investments, I possibly don't know why you criticise them when you can just say yours.

Conclusively, there have been investment opportunities around the centralised system before Bitcoin, they will not disappear of a sudden because of Bitcoin, so don't let us loud this as if it's only the crypto-related ideology of self-custody is the only way out for investors. Maybe you tell the Movers and Shakers of the financial world not to do dealing with any centralised system anymore but only self-custody crypto and see how their portfolio ironically grows. I trade and invest before crypto existence, and those companies I mentioned are well-regulated and insured and have spent over a decade with them without swindling me of my money. I also diversify in 5 of their kind in case of issues, that's wisdom.

You can't compare me with you because it's obvious that it's only crypto you know, but I deal with Bitcoin and other investments.

Is it really higher than the bank? I've never staked, I don't know the exact profit, but as far as I know, for example, when we bet in USDT, the APY is only 9% per annum which is not much higher than the bank rate. But the risk is many times higher, so it's really not worth trying. Investing in cryptocurrencies is already a risk, so we need to weigh the returns commensurate with the risks we face. Unwise to stake on CEX, the profit is quite low, while the risk is that we may lose all our assets. If someone wants to make big profit, invest and trade, only these two options can really make big profit.

Ah I see, so you actually do mean that you trade, but you claim to earn more yearly income than staking. Currently BTC staking I see at centralized exchanges are around 5%. You actually make more than 5% just by trading? Considering min 1% exchange fee and I think it is more especially broker rates are not the same, you have to make more than 7% a year trading.

7% a year means around 40% after compounding for 5 years.

You must be a really really good trader

Good luck keeping your Bitcoin on brokers and exchanges... you probably know that's the worst thing you can ever do.

The only reason that many crypto investors prefer to use these applications is because of the high profit that no bank can offer. But if the percentage is higher, then the risks of losing your money increase many times. But nevertheless, this does not stop those who want to get a big profit.

Perhaps, you'll never know exactly what staking is all about. Sorry, but staking is not considered passive income nor you can say it was less risky. You are depositing your coins into a particular exchange and you allow them to use it for whatever reason and you are just given some share from it. There is no less risk from it but instead, it was too risky on your side, and if they won't give you funds back to you or like to say that they are scams, they will carry your money too easily. That is why I preferred to just hold my assets rather than staking. 

There are also chances that during the period of stake, the price will not pump and you will get some percentage added to your portfolio. Everything in this industry is all about risk, what you do is to study and master the risk that will be giving you good reward.
The type of staking that gives a better reward is the defi staking and it is also risk than the normal staking, if I were to stake I will not use that method. I think ut takes from 3 to 5days to get your coin back when you eventually terminate your staking.
ETH staking is the one I haven't tried out or knows how it works. So, if you are someone that has many coins you do not need in the immediate time, staking will be a good option for you.

In the other hand, trading is more profitable and also more demanding.  You will first have to learn how to trade and then master it before you will begin to run into profits. Then even as a professional trader, there is no guarantee that you will no lose in trading.

Staking is no different than we deposit our savings in a bank, the profit is negligible, but the risk is quite big when placing our trust in those centralized platforms. If I had only 2 options, I would rather keep my money in the bank than trust those lending platforms. It's hard to understand how so many people who refuse to trust banks can trust these centralized platforms easily.

In this market, it is true that there are many ways to make a profit, but I would advise people to stay away from staking because of the disproportionate reward and risk ratio. If you can't trade then become a holder. That will be safer for your assets, and the return on holding is even bigger than staking, but the risk is much lower.

I will add USDT to my former post, as I guess I was the one who didn't elaborate on it or added USDT to make it clear some misunderstanding. The thing is that in my Bitcoin investments, I use FX broker (there is one I use that has a BTC wallet within the member area and already has 13 years of service), Skrill (it has Bitcoin wallets too and has lasted over 2 decades) and Exchanges, in which I use USDT.

My former post might be confusing to you because the first two use USD accounts, so I easily move my Bitcoin from the account to their internal Bitcoin wallet for investment during a bullish trend and move it back to the USD account during the bearish season of the coin. This is the same thing I do with the exchanges I use too, only that theirs is in USDT.

When they are active in daily trading it is certain that they sometimes suffer losses, however clever they are in calculating and studying the market and even bots that are programmed in such a way can also achieve losses at certain times.

I actually smiled listening to this, but I agree more when they say today they are lost and the next day they can make up for the losses they experienced before, that's how real daily trading happens and it's impossible for them to profit every day. If there are references that can convince us that day trading can guarantee stable profits, why is it important to HOLD especially in bitcoin, isn't it better for day trading to collect profits?

Not sure what you mean by sending it to your USD account, care to share your precise USD platform and wallet? Cause that sounds like a really long and complicated process, losing a lot of fees.

Essentially you're talking about a trading method. And it doesn't sound at all sustainable, cause everyone makes mistakes eventually predicting this "fall".

I personally think all the traders who say they make money year after year... are making things up

Proof or it did not happen

One should think of the risk in staking, and if they must stake at all, a very good project that has long-term success prospects are to be prioritised. Left to me, I can't, and such projects with the earlier stated qualities are not much and the few ones who qualify do not offer a high APY, so I believe staking is not for me. I would rather keep my money in the bank where I know that my offers are almost guaranteed rather than staking it and entrusting my coin in the care of some people at the high risk of losing it when something bad happens.

Thankfully, I know how to trade and invest, so it has always been the two approaches instead of thinking that a less risky investment. Even holding my Bitcoin when it rises and sending it to my USD or USDT account when it falls and repeating the processes again gives me more return yearly than staking.

You're not liking staking because you're getting the wrong information about it. I don't encourage the locking of coins for a long period as some projects have but we have other projects that you don't have to lock your token for a long period before you get rewarded. This tokens are flexible and can be unlocked whenever you want to so if you invest in this projects, you can always unlucky when there's a pump to sell.

Your strategy is very good, I also love to sell my altcoins and rebuy when the market is down since that's how the market move because of its volatility. When you get larger amount of your favorite tokens, you increase your benefits more when the market pumps again.

It's not as if it doesn't show results, but the profit is not tangible, not something that is worth risking your coin on the centralized exchange, because even on some centralized exchanges, you can stake your Bitcoin, but it is greatly discouraged to stake your Bitcoin on exchanges. Even buying Bitcoin on a centralized exchange is not secure, so buy on exchanges that are decentralized.

One doesn't need to prepare for anything serious apart from the fact that you will lose your token if the exchange gets hacked, and your KYC details can also be used to identify you if there is any reason to investigate crypto users. Note that it's not really for staking your token but for using centralized exchange.