What do you think about staking? - page 11.

geegaw

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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

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

What do you think about staking and do you use this feature?

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.

Not bad for the case where the profit is calculated by month and by year is large but almost this level of profit only comes to young coins, too young startup projects are really too much of a risk, with old projects having only a slightly higher profit index than banks, with two dimensions analyzed like that, there is only a relative number of people involved in staking. Staking will lock the assets and lose our initiative, until unlocking again, too many advantages may disappear while if we keep the initiative with the asset, sometimes the profit is many times higher than staking

lumierre

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I consider staking to be a good way to make money. It is better to stake your coins and get even small APYs (but bigger than in bank in any case) than just to hold. The main thing is to make sure that the platform you have chosen is reliable. So as to get to know about this check total value locked, if it was audited and try to look on the Internet if it has been ever hacked.

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

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

What do you think about staking and do you use this feature?

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.

michellee

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Staking is a good way to increase the amount of the assets by holding for some periods. Before you stake, you need to know that the rewards need some time to increase and sometimes, when the price increase but you do not earn much amount so you still need to wait for more.

If you stake in Binance, you will have many options of the coins so you can try one by one and see how much the reward you will get. I use the staking feature on Binance and so far, the reward is good for me while I am waiting for the next bull run. So you can try too but you need to have patience before you can earn more rewards.

Mpamaegbu

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Why summarize and rake everything together? With such reasoning, in general, one can reach the point that in general everything in life is a risk. Even the risk of leaving the house, because you do not know for sure whether a brick will fall on your head or not. In this way, at high risk, I can tie up anything in general, not only in cryptocurrency, but also in real life. Therefore, let's talk in detail, and not raking everything in a heap.

Actually, in high school, one of my teachers came up with that explanation of how risky life itself is, and not just business. It was (still is) a plausible way of looking at things. It's the same way that we know that anything that has an advantage also has a disadvantage. If you think a disadvantage doesn't exist, look deeply and you will find one.

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Staking is a much more risky business than just passive investing, it is a fact that has remained unchanged over the years and which no one can dispute.

Isn't staking, passive earning/investment? Though I get your point in your attempt to make a slight distinction, you should also understand that what makes for a "more risky business" to you may just be a mild risk for another.

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Do you give an example of buying bitcoin in 2017 on ATH? There, the risk was only for speculators, not for investors.

Investors are also speculators. Anyone indulging in business is speculating where price/value could be heading. Crypto trading to the best of my perspicacity is a speculative business. Perhaps, your definition of it differs from mine.

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But does this mean that buying bitcoin is a risk?

Every business is a risk.

Mpamaegbu

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Staking in liquidity pools is also a kind of lottery, you never know what will happen to a defi protocol, whether it will be hacked or not, and there is nothing to do with small amounts. Have you seen commissions at all? All the rewards that you get for staking in small amounts will gobble up commissions, so this activity is extremely risky and not very effective ... of course not if you have a sufficiently impressive deposit and an impressive set of knowledge.

Generally, everything in crypto is high risk. Whether we want to accept it or not, it's risk being in crypto. Even when one buys into the surest crypto – Bitcoin, it's still a huge risk. Of course, there are going to be investors who will unwittingly buy into Bitcoin ATH this bull run. It won't be funny for those who will be caught in that web as no one will know how long it will take the market to resurrect once a bear season comes upon it. It took four years for those who bought Bitcoin at ATH in 2017 to recover.

Staking reminds me of the "Lending Coins" era of 2017. It's a pity it didn't work out well then and I hope it does now. I'm a late bloomer to staking, having suffered great loss in 2017 with lending coins. It's passive income, and if one has a high stake of (sometimes, of tokens that hardly move much in price), it's better than the stress of trading. One can do both (trading and staking) and benefit maximally.

Oshosondy

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

What do you think about staking and do you use this feature?

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.

Rengga Jati

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

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.

Actually, I ma also doing staking in line with holding some of coins in the trusted and reputable platform of course. We need consider staking in trusted and reputable platform sin order to avoid any scams.
In this case, we can also consider about the rewards that we will get.

And about staking on NewsCrypto platform, this is actually new for me.
I tried to search the reviews:
Do you mean this Newscrypto?
https://coinmarketcap.com/currencies/newscrypto/
This platform has been existed from several years ago. And just think about how reward or APY that you will get.
But f you doubt, you can change to other platforms which are more popular and reputable.

dunfida

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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?

Staking would only good if there are only few of you did really put or park their coins but whenever it does have lots of people who had put in then APY is greatly affected.

Also you should think off that custodial platforms are the ones who had been holding your coins and since you dont possess its keys then its not actually yours totally.

It would be much better if you do hold your assets for yourself and gained much more compared into those staking percentage that you could gain out of those things
which i dont see for it to be worth of the risk.

Oceat

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Staking is good for some altcoins but I don't know what is that platform you are talking. Anyway, if you want to have a passive income since you are tired of your altcoins to be sitting on your wallet but the price keeps changing and you can't consider to sell it or hodl. Plus, the altcoin you just mentioned isn't kind of popular so I don't know if it's legit to be staking or even trade.

To someone, if you have a plan to stake any crypto in the future, you should do your own research first before handling your funds to someone.

GreatArkansas

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Staking is good especially if it is on your wallet, there are some staking features already too in some exchanges these days, but I do not feel safe to stake on centralized exchanges, since you are not fully holding your coins there, it's on the exchange.

Staking is one of the best feature for a passive earning, like instead of just holding it, if you stake it, you still can earn some yield.

Ryker1

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Quote from: Review Master on November 11, 2021, 04:09:10 PM

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

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?

Indeed, it's best to do staking while anyone's trying to hodl. If anyone tries to do staking on centralized platform, than most of those will have fixed lockup periods. But there isn't any lockup period for staking into DEX/AMM or decentralized platform. So dyor before choosing any type of these platforms. BTW, staking on decentralized platform is best to me. Like i did the farming of cake, bake ,banana on their own platforms. Wink

Well that is good advice, staking on a centralized exchange is very risky, we should need to choose a good exchange and kit should be a decentralized exchange. But sometimes I am thinking that I rather hold my coins than staking if I did not trust the platform because nowadays it is really hard to trust someone else, it is better if you own your keys and for sure you own your coins. I have not staked on decentralized exchange perhaps they are worth it enough.

Review Master

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

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?

Indeed, it's best to do staking while anyone's trying to hodl. If anyone tries to do staking on centralized platform, than most of those will have fixed lockup periods. But there isn't any lockup period for staking into DEX/AMM or decentralized platform. So dyor before choosing any type of these platforms. BTW, staking on decentralized platform is best to me. Like i did the farming of cake, bake ,banana on their own platforms. Wink

maju69

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Facing market conditions that are in a good growth period, Staking can also be used as an alternative to using the coins you have to generate futures income. If you don't have time to do day-to-day trading, maybe staking is a good option. So when you are not always in the market you have an additional coin balance that you have.

teosanru

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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?

Staking is profitable only if you are able to buy at the right price, because staking involves keeping your funds locked for a long time which increases the risk of price volatility, so If a person has staked his coins during the bear run, he will be pretty good to go as when the price would increase he would ultimately gain a lot both in terms of price and APY too which will now be more due to increase in price of tokens. So staking at the right price is the key to earn money.

Dewi Aries

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

What do you think about staking and do you use this feature?

Staking is good, as long the platform and coin is good too. I think in crypto everything that we do to earn is a good thing as long we analyze first what coin that we want to stake and in what platform. Because in past when staking still in a trend, there are a lot of coins that allow people to stake, but because supply and demands in market is unbalanced, price really fast to dumped.

pgbit

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Staking is best choice for profit because we got a fix profit from staking And also after holding coin we got great return but if you know trading never do this this is best for newbies

riskarcher

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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?

Yes, I am staking my BNB coin on Binance, I am a person who likes HODL coin in the long term by waiting for passive income every month and I usually staking for 2 months or 3 months depending on the available slots. Staking is the best way for those of us who want to get out of the market but deposit our coins on the platform to get income in the future. by the way what coin are you invest in staking system?

avikz

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Staking is a great way to earn passive income. I am eagerly waiting for ETH to move to POS algorithm so that I can stake those and earn a return. Otherwise whatever ETHs I have earned from various ICOs back in 2017-18 period are just sitting idle.

I am not sure about the platform you have mentioned so wouldn't talk about that. But if you are a crypto investor with long term mindset, staking is the best way to move ahead so that you accumulate and earn a fixed passive income out of it. Definitely better than POS because you won't need any specialized hardware and expensive electricity bills.

Tigerheart3026

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Quote from: JahriMeayer on November 11, 2021, 07:30:56 AM

I also heard about positive Reviews of NewsCrypto but honestly i didn’t use that platform. Even i prefer trading Over staking. Staking is good cause there is no risk to lose money as happened on trading. Just put your fund on staking and let it increase even during sleeping, just make profit without doing anything! but it important which altcoin you chose for staking.well i prefer exchanges than other platform

without no risk? risk involved also there it depend on ur platform and what's coin u go for invest. and staking can make u losers if you stake in eth blockchain. fees will bigger to ur staking profit. not compare trading with staking, cause u don’t need to effort in staking as the trading.

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