Staking really great way in crypto wealth - page 2.

AmoreJaz

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Quote from: Altryist on May 25, 2023, 01:12:04 PM

Quote from: DoublerHunter on May 24, 2023, 05:15:09 PM

That is a big question before planning to stake our crypto, which is a good platform to entrust our valuable assets?
Because staking involves locking up your coins for a specific period, and while you may earn rewards for doing so, there is always the possibility of losing your staked coins if the platform encounters issues or faces security breaches.
If you find the risk-to-reward ratio unfavorable or if you are uncomfortable with the potential risks, it may be better to refrain from staking altogether. Instead, you can explore other investment options within the cryptocurrency market that can manage your risk and investment goals.

I don't like staking because in some cases it requires my coins to be locked up for a while, which makes it impossible for me to sell them in case of a good pump. After almost every big pump, the price returns to the previous values and if you can sell on the pump and buy back when the price drops again, then you will get a much larger benefit compared to staking, this has been proven repeatedly. Therefore, I prefer to control my coins all the time, without blocking them at any time. I can stake my coins as long as it doesn't require blocking, otherwise it doesn't suit me.

if you stake in a 3rd party platform like in binance, you really need to wait for certain period to be over. but some coins, you can opt for flexible settings. but if you are staking in your own wallet, you can easily send it to an exchange and trade it. staking before was very profitable for me, but in the current market setting, i haven't staking anymore. maybe, tired of finding a good alt to stake. as most of the time, they won't hit the exchange and they are already dead.

jaberwock

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Quote from: Fatunad on May 25, 2023, 06:59:26 PM

Quote from: tvplus006 on May 25, 2023, 09:06:22 AM

It is up to everyone to decide whether or not to place coins on staking, but saving their money is the responsibility of every investor. And as practice shows, it is better to lose a profit than to lose your money. But if the desire to get a profit still remains, then you need to carefully choose a platform for staking.

Yes, if you are really that liking to earn something more with your coins then staking would be the key but we should know that there's an unbonding period. Usually people would really be making out some sells
on the time the price of the coin that they do hold would really be tending to sell but they cant because of that unbonding period and this is the cons when you do stake up. Unless if there would be some sort of
immediate withdrawals or transfer then it would be good but basing up on the actual experience, there's really that grace or unbonding period which you would really be needing
to wait up.

Just like on what other users or members above been posting about this then it would be better if you do just simply hold up your coins without the need of staking on your own wallet or you would be already opening
some sell orders on exchange (not recommendable) but its up to you whether you could really be able to bare up such risks.

If earning more is what we want, there are better options than in staking. There is trading. Next to it would be investing. If want something risky in order to earn a higher reward, there is also leverage trading and futures trading. Last but not the least is by playing a gambling. IDK what is that unbonding period you mean but in staking there is a term called unstake.

Many staker will then sell their coins after it. That's right, the con of staking is their lock-in period which can sometimes last up to a year. This is why it's important to pick only a coin which has a future potential so that you won't panic once it drops because you know that it still has the chance to recover.

Fatunad

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Quote from: tvplus006 on May 25, 2023, 09:06:22 AM

Quote from: Hamphser on May 24, 2023, 04:59:15 PM

Quote from: tvplus006 on May 24, 2023, 01:26:02 PM

Quote from: savetheFORUM on May 12, 2023, 12:40:50 PM

...Another thing is to look for a trusted platform to stake your coins or better not stake at all since the risk is a bit high than the reward.

Yes, everyone should remember this before sending their coins, since the risk of losing them is very high. I'll give you an example today: the Multichain team was arrested by the Chinese police, seizing assets worth $1.5 billion. I doubt that this cryptocurrency will be returned to its rightful owners. In addition, the team stole $2.5 million worth of cryptocurrency, sending it to the Gate exchange. Obviously, someone will never see their money again.

This is why im not really that confident on staking up my coins, not only just earning that small APY but the risks involved or something we do speak about ratio is never been worth and this is why its better that i

dont not earn more coins as long im much assure that my coins are totally safe in my own wallet which i do possess the keys.Usually people would be staking to earn more which it isnt really that bad
specially if you do really believe on a project would be lasting that long or does have potential but those validators are really just having the potential on becoming shit and mess up everything.
In result? You would really be ending up on waiting for some investigation result or whatever cases would really be needing to be solved out first before you could
really able to held your funds once again.If you could bare up with the risks then its your choice.

It is up to everyone to decide whether or not to place coins on staking, but saving their money is the responsibility of every investor. And as practice shows, it is better to lose a profit than to lose your money. But if the desire to get a profit still remains, then you need to carefully choose a platform for staking.

Yes, if you are really that liking to earn something more with your coins then staking would be the key but we should know that there's an unbonding period. Usually people would really be making out some sells
on the time the price of the coin that they do hold would really be tending to sell but they cant because of that unbonding period and this is the cons when you do stake up. Unless if there would be some sort of
immediate withdrawals or transfer then it would be good but basing up on the actual experience, there's really that grace or unbonding period which you would really be needing
to wait up.

Just like on what other users or members above been posting about this then it would be better if you do just simply hold up your coins without the need of staking on your own wallet or you would be already opening
some sell orders on exchange (not recommendable) but its up to you whether you could really be able to bare up such risks.

Altryist

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Quote from: DoublerHunter on May 24, 2023, 05:15:09 PM

That is a big question before planning to stake our crypto, which is a good platform to entrust our valuable assets?
Because staking involves locking up your coins for a specific period, and while you may earn rewards for doing so, there is always the possibility of losing your staked coins if the platform encounters issues or faces security breaches.
If you find the risk-to-reward ratio unfavorable or if you are uncomfortable with the potential risks, it may be better to refrain from staking altogether. Instead, you can explore other investment options within the cryptocurrency market that can manage your risk and investment goals.

I don't like staking because in some cases it requires my coins to be locked up for a while, which makes it impossible for me to sell them in case of a good pump. After almost every big pump, the price returns to the previous values and if you can sell on the pump and buy back when the price drops again, then you will get a much larger benefit compared to staking, this has been proven repeatedly. Therefore, I prefer to control my coins all the time, without blocking them at any time. I can stake my coins as long as it doesn't require blocking, otherwise it doesn't suit me.

tvplus006

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Quote from: Hamphser on May 24, 2023, 04:59:15 PM

Quote from: tvplus006 on May 24, 2023, 01:26:02 PM

Quote from: savetheFORUM on May 12, 2023, 12:40:50 PM

...Another thing is to look for a trusted platform to stake your coins or better not stake at all since the risk is a bit high than the reward.

Yes, everyone should remember this before sending their coins, since the risk of losing them is very high. I'll give you an example today: the Multichain team was arrested by the Chinese police, seizing assets worth $1.5 billion. I doubt that this cryptocurrency will be returned to its rightful owners. In addition, the team stole $2.5 million worth of cryptocurrency, sending it to the Gate exchange. Obviously, someone will never see their money again.

This is why im not really that confident on staking up my coins, not only just earning that small APY but the risks involved or something we do speak about ratio is never been worth and this is why its better that i

dont not earn more coins as long im much assure that my coins are totally safe in my own wallet which i do possess the keys.Usually people would be staking to earn more which it isnt really that bad
specially if you do really believe on a project would be lasting that long or does have potential but those validators are really just having the potential on becoming shit and mess up everything.
In result? You would really be ending up on waiting for some investigation result or whatever cases would really be needing to be solved out first before you could
really able to held your funds once again.If you could bare up with the risks then its your choice.

It is up to everyone to decide whether or not to place coins on staking, but saving their money is the responsibility of every investor. And as practice shows, it is better to lose a profit than to lose your money. But if the desire to get a profit still remains, then you need to carefully choose a platform for staking.

DoublerHunter

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Quote from: tvplus006 on May 24, 2023, 01:26:02 PM

Quote from: savetheFORUM on May 12, 2023, 12:40:50 PM

...Another thing is to look for a trusted platform to stake your coins or better not stake at all since the risk is a bit high than the reward.

Yes, everyone should remember this before sending their coins, since the risk of losing them is very high. I'll give you an example today: the Multichain team was arrested by the Chinese police, seizing assets worth $1.5 billion. I doubt that this cryptocurrency will be returned to its rightful owners. In addition, the team stole $2.5 million worth of cryptocurrency, sending it to the Gate exchange. Obviously, someone will never see their money again.

^That is a big question before planning to stake our crypto, which is a good platform to entrust our valuable assets?
Because staking involves locking up your coins for a specific period, and while you may earn rewards for doing so, there is always the possibility of losing your staked coins if the platform encounters issues or faces security breaches.
If you find the risk-to-reward ratio unfavorable or if you are uncomfortable with the potential risks, it may be better to refrain from staking altogether. Instead, you can explore other investment options within the cryptocurrency market that can manage your risk and investment goals.

Hamphser

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Quote from: tvplus006 on May 24, 2023, 01:26:02 PM

Quote from: savetheFORUM on May 12, 2023, 12:40:50 PM

...Another thing is to look for a trusted platform to stake your coins or better not stake at all since the risk is a bit high than the reward.

Yes, everyone should remember this before sending their coins, since the risk of losing them is very high. I'll give you an example today: the Multichain team was arrested by the Chinese police, seizing assets worth $1.5 billion. I doubt that this cryptocurrency will be returned to its rightful owners. In addition, the team stole $2.5 million worth of cryptocurrency, sending it to the Gate exchange. Obviously, someone will never see their money again.

This is why im not really that confident on staking up my coins, not only just earning that small APY but the risks involved or something we do speak about ratio is never been worth and this is why its better that i

dont not earn more coins as long im much assure that my coins are totally safe in my own wallet which i do possess the keys.Usually people would be staking to earn more which it isnt really that bad
specially if you do really believe on a project would be lasting that long or does have potential but those validators are really just having the potential on becoming shit and mess up everything.
In result? You would really be ending up on waiting for some investigation result or whatever cases would really be needing to be solved out first before you could
really able to held your funds once again.If you could bare up with the risks then its your choice.

tvplus006

legendary

Activity: 2268

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To the Moon

Quote from: savetheFORUM on May 12, 2023, 12:40:50 PM

...Another thing is to look for a trusted platform to stake your coins or better not stake at all since the risk is a bit high than the reward.

Yes, everyone should remember this before sending their coins, since the risk of losing them is very high. I'll give you an example today: the Multichain team was arrested by the Chinese police, seizing assets worth $1.5 billion. I doubt that this cryptocurrency will be returned to its rightful owners. In addition, the team stole $2.5 million worth of cryptocurrency, sending it to the Gate exchange. Obviously, someone will never see their money again.

merekamo

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You are right, I agree with you. Staking can be a more passive and less risky way to earn from your cryptocurrency holdings than trading. When the price of the staked asset falls, you can indeed buy more and add it to your betting position, increasing your profit potential when the price recovers. However, as my advice, the value of the assets you are betting on can still fluctuate with market conditions. This means that if the asset's price drops, your staking reward may not be enough to offset the loss in value.

What's more, there are also some staking platforms that require you to lock up your assets for a certain period of time, or have a minimum number of coins to stake. So that it can limit your ability to access or sell it in the event of an emergency or market opportunity. Always check the latest staking for the platform you are using. However, it is important to understand the risks and choose a reputable platform or validator to maximize your staking rewards.

irhact

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Quote from: Bushdark on May 09, 2023, 07:52:02 AM

Staking is mostly good for people that having large holding of tokens on exchanges so they don't need to worry about what the market does whether there is high liquidity or not. When you stake your tokens you are going to earn do percentage ranging from 2% to 30% APY per annual. This is mostly going to favour those people that have large holdings and they will be able to earn good amount of money from just staking your tokens or coins that you have on the exchange.

Exchange are not good places to store your coins. Staking is also a good way to hold your cryptocurrency as it prevents you from selling when you want to since your staked tokens have to stay locked for some amount of time before you can access them to withdraw. If you want to stake any project, it should be done in your wallet that you have the private key to and not on centralized cryptocurrency exchanges.

Exchange have high APY and they do that to attract customers so they keep sending coins to the exchange but if the exchange gets hacked or it was to collapse just as it did to FTX exchange, the customers loses all the cryptocurency they were storing on the exchange.

LUCKMCFLY

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Quote from: bittraffic on May 05, 2023, 05:32:55 PM

Quote from: lalabotax on May 05, 2023, 05:22:25 PM

Quote from: Squaremile777 on April 27, 2023, 04:07:48 AM

Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more.
The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days.
No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.

This will exactly depend on what coins and the amount you are staking. I have ever wanted to try staking on certain platforms. But, with the amount that I have and the period that I want, this is exactly not worth it. For, this is not appropriate for me although I have several amounts for staking, moreover sometimes, certain coins only give small APY. On the other hand, there may be certain platforms that give high APY, but we don't know the reputation and this will be a higher risk for us to stake it for a long time. Moreover, we cannot do anything to coins that we are still staking on, they are not able to sell even if their price keeps going up.

But once more, this is a personal preference. Some people may love staking to wait for long-term investment or holding. But some people prefer to do this. This becomes a personal decision. And everyone has their best decision to take and to do.

The decision is probably because they are willing to wait for a very long time. But I doubt that they won't sell in the bull run though. In the bear market, you can't sit seeing APY is not worth it. Accumulating in a bear market while the price is low is way preferable to waiting again for the price to rise in the bull run. That's another 4 years of waiting while the price keeps falling.

Yes, precisely things can happen for now that the stake can be seen in the most profitable way possible, but when the stake one can stop it whenever you want and withdraw your profits at once, but in general you must Always respect the term or the time that was Postponed, and what can happen there are two things, the risk that the price drops more and that investment is greatly affected and without being able to do anything, you cannot move that money completely Blocked, or the second option, which means That the price rises and that afterwards the benefits cannot be obtained until the Required time is met, I see it as a double-edged sword.

savetheFORUM

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Quote from: Yamane_Keto on April 30, 2023, 09:16:31 PM

When you say staking, this indicates two things, that the currency works on the principle of proof of stake, or that there is a service that gives you a return from the deposit.

POS coins lose their value in the long run. It is true that money increases by a certain percentage, but its value after the increase is less than its real value, and therefore you lose the value of your money.

The services that give you a return from the deposit are good, but they are central and you need to trust them, as it is possible and in an instant to lose your capital without compensation.

If you are looking for value, you will definitely stay away from all staking coins and services.

There are platforms which gives you interest from your crypto deposits but this is not what you call staking because the coins involved are not proof of stake. There is also no commitment on here. That means you can withdraw your money anytime but like staking, the interest that you can get is only small.

For some, this is better than just letting your money sit in your wallet and earning nothing. POS coins are not a fiat that can lose it's value in the long run but there might be POS coins who are not good enough to get a continuous support from the public. So it's important to make research before picking a coin that you want to stake. Another thing is to look for a trusted platform to stake your coins or better not stake at all since the risk is a bit high than the reward.

Bushdark

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Quote from: Squaremile777 on April 27, 2023, 04:07:48 AM

Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more.
The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days.
No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.

Staking is mostly good for people that having large holding of tokens on exchanges so they don't need to worry about what the market does whether there is high liquidity or not. When you stake your tokens you are going to earn do percentage ranging from 2% to 30% APY per annual. This is mostly going to favour those people that have large holdings and they will be able to earn good amount of money from just staking your tokens or coins that you have on the exchange.

But it always has disadvantage when we stake so we should always ensure that the exchanges we are staking our coins is very reliable and we don't stake for too long because the market can go bullish and we might be expecting to sell some of our holdings to earn more.

bitterguy28

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Quote from: Squaremile777 on April 27, 2023, 04:07:48 AM

Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more.
The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days.
No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.

Staking is always been a great option , but for those who wanted to see their folio moving here and there in certain period then they would love risking ,
at least they can have a enjoyable trading purpose , because most of those who love to stake are the kind of people that sees the word HODL.
and instead of Holding in their pocket/wallets, then they use options from exchange and other platform to conduct this stake chances.

Lanatsa

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Quote from: peter0425 on May 07, 2023, 11:16:08 PM

Quote from: Squaremile777 on April 27, 2023, 04:07:48 AM

Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more.
The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days.
No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.

Same as my way to take advantage of the market, have seen so much of this in the past that I did not pay attention till a friend of mine become millionaire because of staking ang holding.
Now I come to an idea that i only wanted to earn but not digging deeply.

Quote from: FUCKBSVFUCK on May 01, 2023, 01:37:47 PM

I'm not sure if you are talking about an exchange or a crypto exchange, but it's a good way to earn money.

In my opinion, this is the best way to earn money.

1\.2\.3\.4\.5\. Invest in a crypto exchange.

There are many ways to earn money, but I have no idea how to do it.

And not that easy mate, remember that this market is changing courses and we only speculating,
So what assurance can we get from it?

A very newbie-like common impression about making fast deal on this crypto space and believing that making money is really just easy as pie on which this is where impulsive actions and mistakes could really happen. This is why its never been right for you to have this kind of mindset and emotion that you would be rushing up on making yourself getting rich because it wont really be something as it sounds.

Speaking about Staking then this is commonly known on earning more coins while you do part or holding it and different validators would really be offering good APY which it do really looks
worth while you are holding but the cons is that you arent owning those coins once you do make out that kind of transfer or transaction and this is something that i dont
really like and also with that unbonding period which it would be holding up for how many weeks before you could pull totally of those number of tokens
or coins you had staked on which it cant be possible you would be able to see once there's some price pump.

peter0425

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Quote from: Squaremile777 on April 27, 2023, 04:07:48 AM

Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more.
The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days.
No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.

Same as my way to take advantage of the market, have seen so much of this in the past that I did not pay attention till a friend of mine become millionaire because of staking ang holding.
Now I come to an idea that i only wanted to earn but not digging deeply.

Quote from: FUCKBSVFUCK on May 01, 2023, 01:37:47 PM

I'm not sure if you are talking about an exchange or a crypto exchange, but it's a good way to earn money.

In my opinion, this is the best way to earn money.

1\.2\.3\.4\.5\. Invest in a crypto exchange.

There are many ways to earn money, but I have no idea how to do it.

And not that easy mate, remember that this market is changing courses and we only speculating,
So what assurance can we get from it?

Huppercase

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Quote from: Squaremile777 on April 27, 2023, 04:07:48 AM

Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more.
The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days.
No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.

I hope you don't buy and stake coins and endup having zero worth on the chain, I'm trying to relate your post with what happen to the market last year, when the marekt was going down and down, so many people bought tokens and when they stake it, the coins continue to dump more the following months and the problem with this staking is that there is a condition that comes with it, there is a locking period when you stake a coin and no way to unstake it until that period reach, some may even allow you unstake but comes with a fee but they are few in numbers and they are still holding in loss till today.

cheezcarls

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Quote from: Squaremile777 on April 27, 2023, 04:07:48 AM

Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more.
The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days.
No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.

I don’t know why you’re putting this topic in the trading section? How can staking be trading to you? This should be moved to an appropriate section maybe Altcoin Discussion.

As for staking, it is a double-edged sword method for me. Either you can make or break. Depending on the platform’s APY on the preferred coin or token that you are going to stake, there are no promises or astronomical guaranteed returns on its value after the staking ends.

Although the tokens you are expecting after a certain period of time are “guaranteed”, but the value itself isn’t due to the continuous volatility and very unpredictable. You may not know when it will go up or down without warning, so you better expect the unexpected in the end.

GeorgeJohn

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Quote from: Squaremile777 on April 27, 2023, 04:07:48 AM

Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more.

You don't need to be staking when the price goes up,for you to stake your coin you have a target, you can move further for investment or staking more when your target has not come to place, but it depends on individual plans of staking, actually staking have a durability, its when you have enough funds or you duration of staking has elapsed when you will stake more, but I like to encourage my fellow investors not to be greedy for anything doing, you might stake more and more and the price of cryptocurrency have to retrace to bearish because of negative information, so automatically you are at lost side.

Quote from: Squaremile777 on April 27, 2023, 04:07:48 AM

The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days.
No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.

Investors knows the kind of investment that will propagate to itself, from the look of things I believe that what you know better is what you like doing provided you are benefiting or been beneficiary to it. Some people don't like staking because it's have not been unanimous especially to new investors, anyone mindset for cryptocurrency investment always go directly to trading, because trading it's always been pronounced to people concerning cryptocurrency investment.

maydna

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Quote from: Rengga Jati on May 06, 2023, 04:48:12 PM

It will exactly depend on what stake you have. And it will also depend on how many coins to stake and how long to stake for you. I don' think it can be the best way, but it may be a good way for certain people, especially those who have big accounts and want to stake for a longer time investment. This will be probably worthy it for them, but if you only have small amount, this will be not worthy becuase the result is very smalll although we have been staking forlonger time.

Better to use that small amount for trading because we can benefit from trading. But before we trade, we must know how good we are at trading to get the right time to trade. But if he still wants to try staking, he can try it to see the results over the next month or three. And if the results are good, he can continue, but if the results are unsatisfactory, he has to think again about continuing staking.

Topic: Staking really great way in crypto wealth - page 2. (Read 784 times)