What do you think about staking? - page 10.

Ararbermas

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Quote from: Nitroas on November 11, 2021, 06:10:38 AM

Hi everybody

I wanted to talk about staking. In my opinion, this is a good way to increase assets that would otherwise just lie in the wallet. I recently tried staking on the NewsCrypto platform, the market situation is not entirely certain now, so I am trying to extract maximum profit from my assets.

Speaking of nws, I liked the fact that there are many different plans to choose from, I decided to try staking for 3 months to test the platform. But I think I was not mistaken about the decision. nws has a lot of positive news, and I think the price will only rise. What do you think about staking and do you use this feature?

yup staking is the best way nowadays to increase your money.. But i suggest must choose a trusted platform or sites when it comes staking your money to prevent losses because you know there are some fraud everywhere so be aware. . I suggest binance if you can afford to pass kyc, it's very safe to be honest and very informative when it comes project as well and for sure there's no scam on that platform.

CryptocurencyKing

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Staking is one way to not just help yourself increase the quantity of your coin but then, to help your project as well. So, its more of a 2 way thing than people know. In staking,you get to help the project farm the coin and provided needed liquidity in the market to ensure activity or growth on the coin. More activity could reflect in a price appreciation and as that, you still get to increase your coin and value of staked coin.

So, instead of just hodling, you could try staking to ensure, more value to your hodled coin. Its a win win for all that way. Though, you've hot yo ensure you ain't staking on a false platform, confirm informations, do proper analysis on the platform and be sure of a green before you go.

AmoreJaz

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Quote from: Sled on November 13, 2021, 04:09:40 PM

Quote from: SiNeReiNZzz on November 13, 2021, 10:22:21 AM

I think staking is great. However, only if I can stake the corresponding coins myself using the corresponding wallet.
From experience, I don't trust platforms. Especially to store large sums of my money there for a long time.

Not your keys, not your coins!

I can recommend "Tron (TRX)" if you want to try staking.
The associated "TronLink-Wallet" is user-friendly, you can use it for staking directly and you have complete control over your private keys.
In addition, the coins are only "locked" for 3 days after you have staked them. after that, they can theoretically be used again immediately.

There are also other staking coins where you have to lock your money for longer time, before it's spendeble again....

There are two types of staking in Biance (as I tried their platform)
*Flexible -where you can withdraw your funds anytime
* Locked - that you need to set time when you withdraw your funds

I have to say that you can't make a good profit if you just have a small amount to stake, honestly. And the choice of coins to a stake is also important. But I have to suggest to choice flexible, it could somewhat smaller APY/returns compared to Locked staking but that was it gives safety to our side. Who knows, right?

availed both of those services in binance before. and you are very right, it depends on the coins that you want to stake as you may only be wasting your time. but for example, if you just want to earn some interest for your btc, and don't want to do any work, you can either put it in flexible or locked savings, for those who are thinking to get it anytime they want, they can opt for flexible. but don't expect you can get a lot from savings. just think that while waiting to sell your btc, you are adding a lil bit of satoshis. i prefer binance as for me, it is more secure than other exchanges owed to their insurance in place.
when it comes to staking other alts, you should really check the development progress of the coin, to see if they have good chance to make it good in the market. it is not about the % profit that you will get but sometimes the capability of the project matters as it will influence its value in the market.

Sled

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Quote from: SiNeReiNZzz on November 13, 2021, 10:22:21 AM

I think staking is great. However, only if I can stake the corresponding coins myself using the corresponding wallet.
From experience, I don't trust platforms. Especially to store large sums of my money there for a long time.

Not your keys, not your coins!

I can recommend "Tron (TRX)" if you want to try staking.
The associated "TronLink-Wallet" is user-friendly, you can use it for staking directly and you have complete control over your private keys.
In addition, the coins are only "locked" for 3 days after you have staked them. after that, they can theoretically be used again immediately.

There are also other staking coins where you have to lock your money for longer time, before it's spendeble again....

There are two types of staking in Biance (as I tried their platform)
*Flexible -where you can withdraw your funds anytime
* Locked - that you need to set time when you withdraw your funds

I have to say that you can't make a good profit if you just have a small amount to stake, honestly. And the choice of coins to a stake is also important. But I have to suggest to choice flexible, it could somewhat smaller APY/returns compared to Locked staking but that was it gives safety to our side. Who knows, right?

sana54210

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Quote from: FanEagle on November 13, 2021, 05:12:20 AM

Quote from: LastKiss on November 12, 2021, 06:28:00 AM

Well its not that bad to stake your crypto assets while you leaving your funds alone since it will grow little by little as long as you monitor the place where you staked. But there's still a risk if you use the stake option since investment means risk and your funds can gone in any minutes.

That's what I suggest about staking as well but some people worry about the price drop because of it. Like for example if I am going to own crypto and just hold it, why not get uniswap token and stake it?

I mean after all I am just going to hold as long as possible right? Might as well make some profit from holding as well. However, some people worry that if there is a staking option then it means it could get devalued because it may create some inflation.

What those people do not realize is that even bitcoin has inflation due to miners creating wealth every day, what is it right now after halving, 900 bitcoins a day? That's 50+ million dollars worth of bitcoin mined every single day. Do we see it crash every day? Of course not, sometimes it crashes, sometimes it goes up, which means that if that could be covered, then why wouldn't that happen with staking tokens?

That is reasonable fear, obviously the very high ones do not make sense because no matter how much there is of one thing, the inflation is not high enough to make it go too much higher, the rate of it getting staked to existence is not a lot, plus the amount that is coming out doesn't get higher with more people staking, it just gets shared but it is a set limit.

So, I would have to say that there is a good chance we could see those high level ones do not drop no matter how much is staked there, the profit could drop but inflation will not rise. However, there are also some crazy low level ones that give a million percent return per year, those do it for quick fame and people stake it right away and get out as quickly as possible just to make some quick cash. Those will drop, that makes sense actually and I could understand it.

SiNeReiNZzz

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I think staking is great. However, only if I can stake the corresponding coins myself using the corresponding wallet.
From experience, I don't trust platforms. Especially to store large sums of my money there for a long time.

Not your keys, not your coins!

I can recommend "Tron (TRX)" if you want to try staking.
The associated "TronLink-Wallet" is user-friendly, you can use it for staking directly and you have complete control over your private keys.
In addition, the coins are only "locked" for 3 days after you have staked them. after that, they can theoretically be used again immediately.

There are also other staking coins where you have to lock your money for longer time, before it's spendeble again....

Golftech

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Quote from: sarmrakib on November 13, 2021, 07:43:22 AM

Quote from: Nitroas on November 11, 2021, 06:10:38 AM

Hi everybody

I wanted to talk about staking. In my opinion, this is a good way to increase assets that would otherwise just lie in the wallet. I recently tried staking on the NewsCrypto platform, the market situation is not entirely certain now, so I am trying to extract maximum profit from my assets.

Speaking of nws, I liked the fact that there are many different plans to choose from, I decided to try staking for 3 months to test the platform. But I think I was not mistaken about the decision. nws has a lot of positive news, and I think the price will only rise. What do you think about staking and do you use this feature?

Its really true that staking is a great way of earning .As you are so new on that before staking you have to find out the best and secured platform either you can loose your fund .The platform will give you a particular amount of return as APR base like Bank but here you can get the highest APR which is better than Bank .I like to do trade not to hold it and get interest for less return .You can really earn from staking but it is better to trade that's how you can get a good return within short term .You can choose your own before invest i just have given you a suggestion that's not an investment advise .

Using stable coins will allow you to generate passive profits. There's no doubt that it's sure money making

venues, the only thing that you need to think is the trust with the platform that you are going to use.

There are already people who are making good money from this kind of investment, small APY but the chance

of losing is much lesser. But aside from stable coin there are other assets that offer the same, the risk

level though is far higher, but if you successfully choose the right projects, APY is way better.

carrigan

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Staking coins are often used as an alternative to earn extra income without using sophisticated tools. It can be said that staking coins is mining bitcoins without the need for sophisticated resources, so you can save the funds you have to a crypto wallter that aims to secure and increase the operational support of the blockchain network. When you want to start staking coins, what should you do? namely doing simple research on the types of crypto coin assets that roughly generate returns that are suitable for your needs. If you staking coins then you can get passive income without having to continuously mining or even trading on the crypto assets you have. Staking coins is also known as a type of activity that has less risk when compared to trading or mining. In addition, the advantages you will get are that it does not require computer components with advanced technology.

Hypnosis00

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Quote from: crzy on November 12, 2021, 03:52:19 PM

Staking is good passive income but you can only feel this one if you have huge capital since I tried staking before and seriously, I didn’t get that much so I stop doing this. Anyway, if you are staking with a great project then they might give you more bonus than the usual, just stake the money you can afford not to use in the next couple of months or days.

The same thing happen to me and I'd found it boring seeing no huge change in your funds. Maybe this is suitable for long-term holders who is just merely checking their account but have to be warned of the risk in staking and holding funds to the exchanger. That is being said that we don't take this seriously and make things rely on this because it wasn't safe. Yeah, we can make some profit but not that much.

2%, 3% returns? It was still good but not that good enough to make a huge profit at the end of the year. I'd rather have to invest in Bitcoin and wait for the moment when the price is up and sold them.

sarmrakib

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Quote from: Nitroas on November 11, 2021, 06:10:38 AM

Hi everybody

I wanted to talk about staking. In my opinion, this is a good way to increase assets that would otherwise just lie in the wallet. I recently tried staking on the NewsCrypto platform, the market situation is not entirely certain now, so I am trying to extract maximum profit from my assets.

Speaking of nws, I liked the fact that there are many different plans to choose from, I decided to try staking for 3 months to test the platform. But I think I was not mistaken about the decision. nws has a lot of positive news, and I think the price will only rise. What do you think about staking and do you use this feature?

Its really true that staking is a great way of earning .As you are so new on that before staking you have to find out the best and secured platform either you can loose your fund .The platform will give you a particular amount of return as APR base like Bank but here you can get the highest APR which is better than Bank .I like to do trade not to hold it and get interest for less return .You can really earn from staking but it is better to trade that's how you can get a good return within short term .You can choose your own before invest i just have given you a suggestion that's not an investment advise .

macson

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Staking is a good program, for those of you who want long-term investment then it is a good choice but doesn't choose the wrong platform because your profit will not be maximized. i am currently staking btc on celsius and waves.exchange. always dwyor.

FanEagle

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Quote from: LastKiss on November 12, 2021, 06:28:00 AM

Quote from: Oshosondy on November 12, 2021, 02:07:42 AM

There is nothing much about staking than what you have mentioned in your opening post, that is what investors should know, if I have to put my opinion to this, it is better than just leaving your coin on your wallet because the coin will be affected by price rise or price fall, also in staking the coin price can be affected by price rose or price fall but there is still profit in the amount staked over certain time period in percentage.

Well its not that bad to stake your crypto assets while you leaving your funds alone since it will grow little by little as long as you monitor the place where you staked. But there's still a risk if you use the stake option since investment means risk and your funds can gone in any minutes.

That's what I suggest about staking as well but some people worry about the price drop because of it. Like for example if I am going to own crypto and just hold it, why not get uniswap token and stake it?

I mean after all I am just going to hold as long as possible right? Might as well make some profit from holding as well. However, some people worry that if there is a staking option then it means it could get devalued because it may create some inflation.

What those people do not realize is that even bitcoin has inflation due to miners creating wealth every day, what is it right now after halving, 900 bitcoins a day? That's 50+ million dollars worth of bitcoin mined every single day. Do we see it crash every day? Of course not, sometimes it crashes, sometimes it goes up, which means that if that could be covered, then why wouldn't that happen with staking tokens?

crzy

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Staking is good passive income but you can only feel this one if you have huge capital since I tried staking before and seriously, I didn’t get that much so I stop doing this. Anyway, if you are staking with a great project then they might give you more bonus than the usual, just stake the money you can afford not to use in the next couple of months or days.

Lanatsa

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Quote from: Cling18 on November 12, 2021, 10:24:01 AM

Staking is a good way to earn money. Instead of putting your assets to sleep, it would be better to put it into staking so you'll have a passive income but things will still depend on your coin of choice. It would still be an advantage if you would pick a profitable one with a good foundation. It might take a lot of time but profit is still a profit.

We know that crypto is volatile and we don't really need any service out there offered by some platforms on giving us out that APY which we could eventually earn it up with just holding in our own wallets.

Doesn't really need for us to make use of it but if you don't like to deal up with volatility and does like to assure that APY then its your choice but be sure
on trying to balance out the risk and the reward that it gives.

Is it really that worth? I don't think so.

Kelvinid

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Quote from: Cling18 on November 12, 2021, 10:24:01 AM

Staking is a good way to earn money. Instead of putting your assets to sleep, it would be better to put it into staking so you'll have a passive income but things will still depend on your coin of choice. It would still be an advantage if you would pick a profitable one with a good foundation. It might take a lot of time but profit is still a profit.

But be sure to have the right choice of exchanges and coins to stake otherwise, you make nothing in the end or the worse is have to lose them.
I'd really had tried it through Binance with 3% APY or even more, that is something big enough than have to do nothing. The more capital we have the bigger we get but sounds risky, right? And that is why we should be careful instead as it wasn't in our total control. Just stake the amount that we could afford to lose, that is still important.

jaberwock

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Quote from: topbitcoin on November 12, 2021, 11:34:33 AM

Staking is good, i did some but maybe for airdrop purpose only. But if people want to staking for a profit, just make sure they pick right platform and don't ever try platform which we don't really know. Because it is better to be safe than lose our assets when we pick wrong platform and wrong coin to stake. Correct me if i am wrong, Binance have feature for people to stake their coins too in there.

Sure, it is good to pick exchanges that are well known for staking. This is not a rule that we should only apply when it comes to staking, it is something that we should do all the time as long as you want to trade cryptocurrency. If you want to be on the safer side when you are dealing with cryptocurrencies in the market, then you will have to select exchanges that are very popular in the market.

Anyone who is selecting an exchange that is not well known runs a risk of losing their money in the hands of scammers, because the exchange might happen to be a scam exchange. The next thing to do is to look at all the exchanges that you have selected and compare each of them to know which would be best for staking your tokens or coins on these exchanges. Then after you have selected the right exchange for you to do that, you can then go ahead to start staking your coin.

topbitcoin

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Staking is good, i did some but maybe for airdrop purpose only. But if people want to staking for a profit, just make sure they pick right platform and don't ever try platform which we don't really know. Because it is better to be safe than lose our assets when we pick wrong platform and wrong coin to stake. Correct me if i am wrong, Binance have feature for people to stake their coins too in there.

Cling18

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Staking is a good way to earn money. Instead of putting your assets to sleep, it would be better to put it into staking so you'll have a passive income but things will still depend on your coin of choice. It would still be an advantage if you would pick a profitable one with a good foundation. It might take a lot of time but profit is still a profit.

AicecreaME

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I don't like it, just my opinion.

I mean if you don't know anything except from staking then go for it, however, it doesn't make sense if you'll only stake a very small amount of token in it, just a waste of time. Stock trading is more profitable if you want to make money with your sleeping cryptocurrency in your wallet. It's more profitable in my opinion and more fun rather than staking.

dothebeats

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Sans the obvious promotion embedded within this post, staking IMO is good only for those who have lots of idle coins to spare. At an economical and practicality standpoint, it is, by far, the most generous algorithm for minting new coins IMO. You just have to buy coins, leave it as it is, and it will earn more over time just by doing that. Though at a technical and security standpoint, staking is quite tricky since you only need one entity to buy lots and lots of coins for themselves in order to control the whole market. It has its ups and downs, but if you just want to earn something without really caring about the security of the coin that you're staking, then perhaps it's the trading strategy for you.

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