Topic: Staking really great way in crypto wealth - page 3. (Read 763 times)

Don't assume that your coin's staking is profitable and that you will continue to make money every day until the conclusion of the time; as we have learned from other coins that enable staking and are listed on larger exchanges like Binance, we cannot guarantee a constant price for the duration of the staking period. AXS and Solana are good research options because they both offer larger rewards for staking and have been listed on Binance. But if someone staked on an all-time high price before the staking period finished, both coins would have dropped precipitously and about 80%, so don't think that staking is the ideal way to get passive income from cryptocurrencies.

The good thing about staking is that the income from the coins you choose is continuous, there is and will be a real profit even if you do nothing. But I think it's better for DEX to do it in my opinion.

Although it's okay with CEX it should only be trusted like Binance, that's why the stakes features are increasing in CEX and DEX because they see that it's real and there's profit here. So even if you are just a beginner you can enter the staking program of an exchange platform.

True.

Someone who think that staking is going to give him that much profit have to realize in able to attain that, one must have a big capital to do it.

But if you're not for that thinking and you just want to casually gain without doing anything then just stake the crypto that's stakeable in different platforms and wallets.

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.

Great way to earn but with regards to wealth, you must have a good capital here before you can feel the profit in staking and of course don’t just expect to become rich over night or even a year with just staking. Its good if you are able to timing the market at a cheaper price, though many are not aiming for this probably they are just waiting for the other crypto to become cheaper before they stop staking. I’ve done this before and with my small capital, its not that worth it.

Staking something shouldn't be good and shouldn't be done on a centralized exchange, despite the short 14 day period as you mentioned and the bigger concern how when the coin staking time drops sharply and you lose huge value on the stake. To get a stable income it is not recommended to do staking, especially when dealing with altcoins that are not clear because there are lots of risks that you will accept if something unexpected happens.

While trading is much better than staking, there are many cases of coins losing up to 80% in selling value and there are many reasons why trading is much better than staking, risk and liquidity considerations are probably one of them, although some people think staking can generate passive income and it also depends on what kind of coin is staked.

I have fun with staking, and from my experience, it's a double-edged sword. Since you mentioned FUN, a week ago my "one-year FUN staking ended", since the price of FUN is touching some lows I didn't have some "great" results. Nevertheless, I am still active there and I still have some staked FUN, I decided to change my approach, but that is a different story.

Staking is bringing some passive income, but if we choose the wrong coin/token we will not make any profit. Simple as that, even if staking offers some crazy high returns they will not cover the investment if the price of the coin/token drops down too much.

The FUN token is a casino token, we can stake it to get more FUN tokens, and we will unlock some other perks on Freebitcoin by doing that, but that's it. Some other casinos have a different system, if you stake their tokens dividends are paid in some popular cryptocurrencies: BTC, BNB, TRX, USDT, ETH, and so on, depending on the casino and their system.

Today we can  "stake" money/crypto at banks, exchanges, wallets, different services, and casinos (believe it or not)... rates are different, as always the risky ones have higher returns, but there are some pretty safe staking options out there with low returns.  In the end, it's on us and are we ready to risk and let our money/coins work for us or not?

I am no fan but the only staking that I have followed successfully is the free Bitcoins FUN token staking program. Since they offer it via their premium feature program but it is still one of the staking programs too. They offer staking for 15 days, 30 days, 90 days, 180 and 365 days. You could easily get as much as 25% on the staked coins/tokens and thus be profitable in terms of earning the "same" coin/token or increasing the volume of your wallet for that staking alone.

Short-term staking gives less profit but you can unlock your tokens quickly and check if you are in profits in terms of USDT values, if not then you can always continue to stake.

The most profitable strategy so far is, to do compounding. That means, whenever you are given interest + principle amount, you should be reinvesting the total again. Thus profiting more with time.

Everyone's preferences are certainly different, but personally I also would not do staking in any form because I tend to prioritize investment rather than expecting passive income which is too low.

Staking means that we have to keep all assets on the exchange/ staking platform, they freeze them for a certain period of time, so it means that all the assets that we have are controlled by the exchange/staking platform which has risks. Honestly, I wouldn't do it even if they promised passive returns.

I have never considered staking as a way to make money, although if it does not require blocking my coins, I can keep them in my wallet and make a profit, but it is too small for me to take it seriously.

I can keep my coins in my wallet during medium-term trading and make some profit, but as soon as the token reaches the price at which I am ready to sell it, I take the coins to the exchange and sell them. Otherwise, I have never used staking for profit, and I believe that trading can give much better profits in much less time.

Staking's a dilemma – no universal solution exists. It's all about coin types, platform APYs, and your personal risk threshold, as you wisely pointed out. Feels like the stock market to me. Risks abound, but pair research with smart moves, and you're in for a side-splitting, electrifying ride.

Keep this in mind: staking's a long-haul affair. It's no easy money scheme; you need patience and discipline. For the committed, there's a treasure trove of stable, trustworthy returns. So, to potential stakers, here's the deal: hit the books, be realistic, and – most crucially – enjoy the wild ride! Investing's meant to be a blast, isn't it?

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.

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.

Well, I was expecting that thing to happen especially, if they don't take extra precautions. Many cases happen already that after staking, the site got collapsed and take their money. It is something they need to consider that they are using reputable exchanges otherwise, they are taking huge risks. But have to say that real investors don't look at such promotions ( staking for additional income) as they are into looking at the security of their fund. In fact, if just hold our coins and sell them during the bull season, we still make a profit from it and less risks.

Staking are more stress free as you are just need to stake your holdings and wait for some profit, this is a good opportunity for long term holding. Trading will always have a risk, and analyzing is required in trading, if you don’t have much of knowledge about it then staking is a good substitute while you are still learning. There are exchanges that offers investment opportunities especially with the launchpad and launchpool, you might want to take advantage of that as well.

It true that there are some exchanger gave these kinds of facilities but it should always be noted that one should not fall into the clutches of scammers hoping to get extra interest. Moreover, first check whether the platform on which you are going to stake is actually authentic and stay updated about the news about the platform. Don't be lured by high interest. Scammers often lure investors with high interest.

It is true that trading cryptocurrency gives better return of profit than staking cryptocurrency. But do not underestimate the profit that comes with staking. You might see it as very little based on the percentage, but if you have to stake a huge amount of money, you would understand that the percentage is fair enough for the stake.

This is where trust comes to play. Do you actually trust the centralized exchange you ask taking your money to that high extent. So it is a dilemma. Stake small and recieve small or stake large at your own risk.

while staking may not directly boost token supply, the increased circulation of staked tokens can still impact market dynamics. Selling staked tokens may not always significantly affect prices, but simultaneous selling can create temporary downward pressure. The lock-up period in staking restricts liquidity, which may be seen as a drawback for some investors. While staking during a bear market may offer benefits, market unpredictability can erode the value of staked assets. Successful staking coins like Ethereum, Cardano, and Atom demonstrate the potential benefits, but each project is unique, and success is not guaranteed for all staking cryptocurrencies. Thorough research is necessary before engaging in staking.

Indeed the best time to buy in a bear market and sell in a bull market,
the top altcoins are certainly much safer than the new altcoins which we don't know what will be like in the future,
The most important thing is to always do your research first.

I get your perspective, however we don't have to worry about dumping because the staking rewards aren't intended to boost supply. So, if someone wants to sell their tokens after staking for a long time, the price will not be affected significantly. The only negative I see in staking is the "lock up," which means you can't sell your tokens whenever you want. However, I believe that when the market is down, it is the best time to stake your tokens or coins. Ethereum, Cardano, and Atom are examples of coins that demonstrate the benefits of staking.