Staking really great way in crypto wealth - page 5.

hd49728

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Not your keys, not your coins!

Quote from: adaseb on May 01, 2023, 11:23:58 PM

Staking and earning yield has a bad reputation due to what happened with all those lending platforms that went bust. People basically didn’t want to take risk, so they lent their crypto to earn a yield and look what happened.

They collapsed because they provided unrealistic high APYs that contributed to their unsustainable staking programs for their users. However, those collapsed platforms are not representatives for the staking industry which surely has more companies and many are better than those weak and collapsed platforms.

If they have good risk analysis and provide not too high APYs, they are more sustainable and can be better to avoid collapses. Those lessons from collapsed DeFi in 2022 is crucial and helpful for the rest companies to adjust their programs.

Quote from: GreatArkansas on May 01, 2023, 06:47:39 PM

For those with the required technical expertise and a long-term investment horizon, cryptocurrency staking can be an effective and secure investment strategy. It's crucial to understand the risks, though.
Risks here just for example the value de-pegging of stablecoins or hacks on centralized platforms that offer staking just like centralized exchanges which is common for me.

It is advisable to not store coins on centralized exchanges but I know not all people do this. If they are ready to store their coins on centralized exchanges for a long time, why do they not consider joining staking programs to have passive rewards?

It is a good offer for those people who already accept risk of storing coins in online accounts.

adaseb

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Staking and earning yield has a bad reputation due to what happened with all those lending platforms that went bust. People basically didn’t want to take risk, so they lent their crypto to earn a yield and look what happened.

So sure it’s great however there are way too many underlying issues, especially when it can get stolen. Even those liquidity provider on Defi is risky due to IL or due to some bug which drains all the funds.

GreatArkansas

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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.
(....)

For those with the required technical expertise and a long-term investment horizon, cryptocurrency staking can be an effective and secure investment strategy. It's crucial to understand the risks, though.
Risks here just for example the value de-pegging of stablecoins or hacks on centralized platforms that offer staking just like centralized exchanges which is common for me.

Lanatsa

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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 indeed worthy but it would really be depending on what or which coin you are investing on specially on top ones but speaking about staking some other shitcoin with no real use case
then i wont really be that worth i would say. On the time that you would be seeing that the price of a certain coin you've been staking then we know that theres a unbonding period
which means that it would be still pending and you cant really sell it right away on the time that there would be some pump.

This is the thing i dont really like when in staking. I dont mind though if i dont earn extra tokens but rather on preferring those coins would be sitting and ready
for sell in case there would be some price surge but if you are really tending to hold on a coin just because you do see that it does have that potential
then having it staked would be idea. but of course you should really know about those simple details.

FUCKBSVFUCK

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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.

Strongkored

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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.

That's the theory, but the theory will not always be true especially this is the crypto world that can change in just a few minutes, right now you can see your coin staking is profitable but it is very possible in one minute to drop very far even when you sell coins and your staking results remain in a state of loss and very likely a big loss.
So indeed you have to know theory in staking and the crypto world but fully believe that theory will always be right the way is wrong and will only lead you to losses, so always be careful in this crypto world, because what you think is right can be wrong and disappoint you.

irhact

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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 can be a good way to crypto wealth since for you to be able to stake your coins, you have to be holding them first and holding its already the best way to invest in cryptocurrency as when you hold, you increase your chances of profiting from the investment. While you stake or hold, you have to be observing the market for any development that'll be negative to the project growth so you sell and exit.

Don't get married to your investment because they can still disappoint, that projects that you believed so much in can because bad due to some circumstances not under your control. The project might get hacked and this make investors to lose interest and trust in the project which will cause a dump.

hd49728

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Not your keys, not your coins!

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

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.

It is called as impermanent loss with staking.

[DeFi Tutorial] What is Impermanent Loss?

Quote

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.

When you stake your coins, you will have to lock it on one DeFi platform and its staking pool, that means you will not only have to trust that service and their capital management as well as its solvency capability to proceed your staking claim later as well as withdraw your initial coin. There is risk of security that can cause to hack on that platform, smart contract which all can lead to new token minting from thin air as well as massive de-peg for that token value.

You are no longer control your capital when you buy a stakeable coin / token and stake it.

Reminder: do not keep your money in online accounts

Quote

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

Not true. Depends on when you start staking (very early or too late) and when you exit. First it is to avoid impermanent loss. Second it is to avoid collapse of Ponzi scheme. You should know that even a Ponzi platform won't collapse at its early days. The later you join a Ponzi project, a more risk you will see its insolvency and collapse.

Read the Bit Connect Ponzi scam to get what I mean.
BitConnect Founder Indicted in Global $2.4 Billion Cryptocurrency Scheme
Bitconnect, which has been accused of running a Ponzi scheme, shuts down

Yamane_Keto

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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.

AmoreJaz

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Quote from: teosanru on April 30, 2023, 02:24:23 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.

I think staking is good only if you are able to do it at the right time. Eventually staking can give a good return only if you staked at a low price and eventually the price of the coin rises and you now get amplified returns. In case of no lock-ins obviously the returns will be less as well. But yes it's slightly less risky as well. But in drowning markets or especially all time high markets it can be very risky. Because you have staked at a higher price and are now getting peanuts for your returns.

and it is entirely dependent on the coin itself. you may be getting good returns from staking, but their market price is declining. so what's your profit on this? this is true for most alts. i've tried a lot of times staking some coins. but what i learned from this experience is sell while it has still good value in the market. don't wait too long, or you will be holding a lot of trash coins.
be updated also with their socmed channels, you will get hint if they are about to abandon their project. no replies/response. time to pack up and sell your coins.

darkangel11

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Quote from: NotHatinJustTrollin on April 30, 2023, 02:26:50 PM

Staking offers a great way to earn passive income in the cryptocurrency market. Staking allows users to participate in the network's consensus mechanism and earn rewards for validating transactions. Even in times of market volatility or price decline, stakers can continue earning rewards by adding more coins to their staking pool.

Additionally, the new EARN feature on exchanges provides an even easier way for users to earn income through staking without the need to set up a separate staking wallet or deal with network requirements. This makes staking more accessible to newcomers and helps diversify investment portfolios.

Staking also offers advantages over other methods of passive income, such as mining, which requires expensive equipment and consumes significant energy costs. Unlike mining, staking requires minimal equipment and energy consumption, making it a more environmentally friendly option.

Really? This reads like a one of these paid promo articles for Coinbase or some other shitty exchange. Show me the numbers then if you think staking is really worth it. IMO the risk outweighs the potential profit.
I wouldn't recommend staking to anyone, especially staking through an exchange. This means you have to hold money on exchange for long periods of time, risking it all to get 0.5% each month. To stake ETH you need 32 coins locked in staking. If you do that via an exchange that's 60k USD locked there, being risked every day. Imagine if you had all those money on one of the bankrupt exchanges before the collapse like on FTX. Suddenly earning a few bucks a month wouldn't look so appealing.

NotHatinJustTrollin

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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 offers a great way to earn passive income in the cryptocurrency market. Staking allows users to participate in the network's consensus mechanism and earn rewards for validating transactions. Even in times of market volatility or price decline, stakers can continue earning rewards by adding more coins to their staking pool.

Additionally, the new EARN feature on exchanges provides an even easier way for users to earn income through staking without the need to set up a separate staking wallet or deal with network requirements. This makes staking more accessible to newcomers and helps diversify investment portfolios.

Staking also offers advantages over other methods of passive income, such as mining, which requires expensive equipment and consumes significant energy costs. Unlike mining, staking requires minimal equipment and energy consumption, making it a more environmentally friendly option.

teosanru

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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 think staking is good only if you are able to do it at the right time. Eventually staking can give a good return only if you staked at a low price and eventually the price of the coin rises and you now get amplified returns. In case of no lock-ins obviously the returns will be less as well. But yes it's slightly less risky as well. But in drowning markets or especially all time high markets it can be very risky. Because you have staked at a higher price and are now getting peanuts for your returns.

Pandu Geddon

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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.

what percentage of profit will you get from staking for at least 14 days? maybe those who haven't mastered trading will be interested in trying it with words like you said. but if they already have skills in trading, it would be better to make a profit trading than staking.
most of the platforms that give a large percentage are new platforms. and that's part of the promotion. not necessarily the reputation for us staking our assets there. while for the old platform. most of the bids are not that big. if you are with small capital, you will only be wasting your time.

bitgolden

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Quote from: blockman on April 27, 2023, 09:59:29 AM

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.

Yes, they're one of the best ways to earn these days but there's still a risk with it. If an unfortunate moment comes and they've been hacked, they can just say that everything that's staked has been compromised and there's no way for them to have a refund.
This scenario can be real and that's why don't be too overwhelmed with these earn features even if you find it convenient. It's still best to stake into those wallets where you also hold the private keys. You have it better and secured and you've got more peace of mind and you can sleep better than it is with the exchanges.

Depends on where you are staking though. Like for example ETH staking could be done in a place where you won't be hacked, or you could just go to Binance which I highly doubt will get hacked and then you can stake there as well. Only places that you could get hacked or the places can get hacked is defi places, and in those places it might happen but I still think that it depends on the level of it.

Like I doubt staking at pancakeswap would equal to losing all your money, it may happen, or maybe it won't happen, or uniswap with the same logic as well. So do your best to protect your money as well as you can, but also check some other places that may end up being something proper, it will allow you to make a good return without a doubt.

gunhell16

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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 here in cryptocurrency is a good method to use if you are a long-term investor in altcoins. And one of the staking platforms I use is swap and binance, a centralized and decentralized platform.

The others I am currently studying and observing such as zysynx, arb and defillama. I only put in small amounts and if I see that the development is good, then maybe I will increase the amount that I put in.

merekamo

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So, you're asking about staking and how it can be a good way to earn income, even when the price falls. In my opinion, staking is a great way to earn passive income while still holding onto your assets.

Important thing is you just need to make sure you're staking with a reputable platform that has a good track record. I think the new feature on exchanges where you can earn interest on your assets is a great development. It's a low-risk way to earn some extra income, especially since some platforms have little to no lock-up periods. And with no liquidation risk, you can sleep soundly knowing your assets are secure.

Instead of trading, staking may be a more newbie-friendly method of earning income. Of course, if you know what you're doing, trading can also be a good way to earn money. But staking is definitely a great option for those who want to take a more hands-off approach.

blockman

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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.

Yes, they're one of the best ways to earn these days but there's still a risk with it. If an unfortunate moment comes and they've been hacked, they can just say that everything that's staked has been compromised and there's no way for them to have a refund.
This scenario can be real and that's why don't be too overwhelmed with these earn features even if you find it convenient. It's still best to stake into those wallets where you also hold the private keys. You have it better and secured and you've got more peace of mind and you can sleep better than it is with the exchanges.

@sriyan

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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 think the better staking option is staking in the wallet rather than transferring to a third-party pool. because every third-party pool is not decentralized and lacks security as well.

Taskford

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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.

What do you mean by staking? Is it lending your balance to platform and wait for certain return on set timeline?

Or just let it been hold on your wallet?

If you talk about first well that's real staking and aside waiting for returns you can earn if market pump. But the risk to lose money is there especially if the platform you use to stake your crypto is a scam site for sure with that you lose everything you hold.

But for holding it on your wallet well the risk is low since the only thing you need to watch is the volatility of the market. Your patience is needed in this option because if you didn't have that you might lose your money on bad market movement.

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