Broadly speaking, of course, we must first know staking, it is very similar to deposits in conventional banks in general. will earn interest and are kept within a certain period of time that has been agreed upon at the beginning. but the assets obtained will be the same as those staked, not in the form of fiat.
of course there will always be an impact from the staking;
loss :
your crypto assets will be locked for a certain period of time. During this certain time, you cannot sell the coins. This of course can harm you.
advantage :
you can generate passive income or profit without having to do trading or mining activities on crypto assets. Staking coins is also considered to have a smaller risk when compared to trading or mining activities.
so everything is returned to the situation of each individual who wants to stake and must think carefully before deciding to stake.
Topic: What do you think about staking? - page 2. (Read 1576 times)
I suggest look for the cosmos blockchain and for the love of god don't stake on exchanges... This is the worst! Buy i.e. atom on kraken or binance, transfer it into your own wallet i.e. keplr and stake it there. The best thing for Android user is that Trustwallet now support Staking . just upgarde wallet
Maybe still early is worth and profitable for staking but after many investor put much money on cosmos blockchain and staking together actually will drop APR reward percentage. All staking network blockchain usually matching with how many investor participants but still not happen with exchange market for staking like Binance, they keep the same percentage depend with how much investor stake their coin, but on network dapp always change every day depending how many investor in or out for staking.
It's a good option to make some easy money just by lending your coins but I am not a favor of having so much of my coins tied up knowing I can't take them out without some form of penalties.
But for the ones enjoying staking options with a lot of money, it is worth it to them for an easy 4 or 5 percent return for basically doing nothing.
But for the ones enjoying staking options with a lot of money, it is worth it to them for an easy 4 or 5 percent return for basically doing nothing.
I suggest look for the cosmos blockchain and for the love of god don't stake on exchanges... This is the worst! Buy i.e. atom on kraken or binance, transfer it into your own wallet i.e. keplr and stake it there. The best thing for Android user is that Trustwallet now support Staking . just upgarde wallet
Maybe still early is worth and profitable for staking but after many investor put much money on cosmos blockchain and staking together actually will drop APR reward percentage. All staking network blockchain usually matching with how many investor participants but still not happen with exchange market for staking like Binance, they keep the same percentage depend with how much investor stake their coin, but on network dapp always change every day depending how many investor in or out for staking. I suggest look for the cosmos blockchain and for the love of god don't stake on exchanges... This is the worst! Buy i.e. atom on kraken or binance, transfer it into your own wallet i.e. keplr and stake it there. The best thing for Android user is that Trustwallet now support Staking . just upgarde wallet
Good thing on using up Trust wallet is that its a non-custodial ones which it would really be having the control of your coins since you do possess its keys which is totally different when you are dealingwith custodial wallets which risk on storing your coins would be always there thats why its not really that recommendable.Speaking of staking then APY isnt really worth if you do look at it which doesnt
really equals on the risk that you are putting and waiting up specially on 3rd parties.So you should really think carefully.
I suggest look for the cosmos blockchain and for the love of god don't stake on exchanges... This is the worst! Buy i.e. atom on kraken or binance, transfer it into your own wallet i.e. keplr and stake it there. The best thing for Android user is that Trustwallet now support Staking . just upgarde wallet
For staking use ledger it will not only save your account and also will earn best APY. Try to stake Atom,Osmosis,Rose,Near these all are underdevelop coins and many new Airdrop are distributing. Staking working good but before doing so always check the station where you want to stake .
New platform with promising higher reward APY I don't really trusted but of try to stake better you run with faster way, don't stake more than one or two month just running with one week only before site become scam and coin have drop price, I think is not worth with higher APY for staking coin in long term period because have risk price dump.
Precautions should be taken when trying something new, in this case when a new opportunity arises for staking with a high APY it would be good to start with a small amount of money for a short period of time! Otherwise, some catastrophe can happen and the loss of investment will be very certain... it's not like it didn't happen before!
Staking is good, and it's working fine... people should check some trusted staking opportunities and try it out!
Staking on the bank or deposit called is giving only under 5% every years and I think very small fund giving than with cryptocurrency almost have 100% return every years, with cryptocurrency still have staking without unlock fully where you can get back your coin when ever do you want, if you make stake or deposit on bank need patience more than two or three years to unlock your saving money.
So, it is true that interest on the bank is really small? I didn't knew that because I haven't tried depositing my own money in banks yet but I heard that info somewhere. 5% interest looks small already but it will be more smaller if your capital is also small. If earning is your target and you only have a small capital, cryptos are the way to go.I think bank's are only good for storing money but I know many anti banks and crypto users wont agree with that, to the fact that your not totally in control of your money. I see that profits in staking are kinda predictable but this cuts the excitement. For that reason, some would do trading and investing.
Speaking of pledges I'm grateful for that!
I lost a lot of money before with day trading and leveraged trades, but recently I made up some of my losses by pledging coins.
This is a great investment for cryptocurrency newbies!
I lost a lot of money before with day trading and leveraged trades, but recently I made up some of my losses by pledging coins.
This is a great investment for cryptocurrency newbies!
New platform with promising higher reward APY I don't really trusted but of try to stake better you run with faster way, don't stake more than one or two month just running with one week only before site become scam and coin have drop price, I think is not worth with higher APY for staking coin in long term period because have risk price dump.
Staking is a good strategy many traders used to watch the condition of the market so that they will not experience failure in the future. Those that stake their coins early last year 2021 came to achieved a good profit from their investment when the price increased higher in the month of March 2021. Since many altcoins are preparing to improve higher for those that stake for 1 or two years to sell and make a good profit for other to know the value of staking in this season of profits making.
It's not actually just traders that do stake. The common investors, holders, and newbies are also into staking because it's the easiest strategy. It's also holding but you get a little amount in profit as you hold that with a certain company.This is applicable and helpful for those long term holders who don't see themselves spending that coin that they'll stake in no time. They're letting their coins sleep so they choose to stake as it's also holding.
Staking is a good strategy many traders used to watch the condition of the market so that they will not experience failure in the future. Those that stake their coins early last year 2021 came to achieved a good profit from their investment when the price increased higher in the month of March 2021. Since many altcoins are preparing to improve higher for those that stake for 1 or two years to sell and make a good profit for other to know the value of staking in this season of profits making.
I understand you when you said that staking is a strategy use (I assume by traders) to watch the condition of the market. Instead of living your portfolio to be stagnant, you will stake it to have some returns.But you went ahead by saying of staking for 1 or 2 years. Nobody will watch the condition of the market for one or two years.
If I stake my coins with an exchange, I believe they will use my coin to trade and that is where the profit you are given comes from. Is there any other ways that exchanges makes money with my staked coin?
Crypto staking is just like keeping your money on the bank for a particular period of time and then you'll earn an interest on it.In staking,you are also required to agree to not withdraw your cryptocurrencies until the end of agreed time period.In these process, it helps you to gain an extra reward/money.The reward that you can earn from staking depending on the length of time you hold it. The longer the stake duration, the higher your returns.
That's right, staking in a bank may be famous for time deposits, everything is almost the same and seems to follow from that. so that what we store is staked in accordance with the rules that have been determined and we agree to and cannot be canceled on its way before the agreed time is reached. Of course, the money we save cannot be taken and used for anything while participating in staking.for those who do not want to achieve in trading and instead of funds not being used in the wallet, obviously staking is very profitable but for those who like to trade staking is not something that can be fun because the value is already determined.
I don't like staking coins right from time. The reward or the interest of staking to me is not high. It is good for people that cannot trade and do not want to use their money immediately. But instead of living the coins lie low on your wallet without using it to do anything you can stake it and take your reward
Crypto staking is just like keeping your money on the bank for a particular period of time and then you'll earn an interest on it.In staking,you are also required to agree to not withdraw your cryptocurrencies until the end of agreed time period.In these process, it helps you to gain an extra reward/money.The reward that you can earn from staking depending on the length of time you hold it. The longer the stake duration, the higher your returns.
That's right, staking in a bank may be famous for time deposits, everything is almost the same and seems to follow from that. so that what we store is staked in accordance with the rules that have been determined and we agree to and cannot be canceled on its way before the agreed time is reached. Of course, the money we save cannot be taken and used for anything while participating in staking.for those who do not want to achieve in trading and instead of funds not being used in the wallet, obviously staking is very profitable but for those who like to trade staking is not something that can be fun because the value is already determined.
Crypto staking is just like keeping your money on the bank for a particular period of time and then you'll earn an interest on it.In staking,you are also required to agree to not withdraw your cryptocurrencies until the end of agreed time period.In these process, it helps you to gain an extra reward/money.The reward that you can earn from staking depending on the length of time you hold it. The longer the stake duration, the higher your returns.
if we want to get passive income, staking is very suitable for placing our funds such as deposits in banks, with certain interest and certain period. but first we have to understand the risks too, so we don't regret it halfway, maybe because the price of the coin is experiencing a pump and we want to sell it. certainly can't do this kind of thing. therefore take it into account before acting
Crypto staking is just like keeping your money on the bank for a particular period of time and then you'll earn an interest on it.In staking,you are also required to agree to not withdraw your cryptocurrencies until the end of agreed time period.In these process, it helps you to gain an extra reward/money.The reward that you can earn from staking depending on the length of time you hold it. The longer the stake duration, the higher your returns.
Besides having the benefits of staking, of course, there are also risks. The advantage of staking is to generate passive income which will be profitable for us. yes, at first glance it might be easy and profitable but we also have to be able to accept the risks that exist such as hacking so we really have to be able to choose a good and trusted platform. the point here is that besides the profit that we can get, stay careful and do the best because it will have an impact on the results we will get later. Staking has its own advantages and disadvantages but I think it's still a good thing to do.
It should be 100% obvious that staking also comes and is associated with the risks. It's not easy money where you will just buy a coin, stake it, and leave it for long waiting for your rewards to come. Everyone should be aware of what is staking all about and not just do a risky move of just buying the coin and forgetting it.
With the right choice of coins, staking will be profitable. We will just need to do our best on choosing a good coin to stake.
You do really need to have some several factors before you do decide to stake but once the market price would go against on what you had invested then for sure you would really be having that unrealized losses.
You wouldnt really able to learn until you do able experience for yourself on whats the risk, if you do make profits then good but if not then learn the reality.
Besides having the benefits of staking, of course, there are also risks. The advantage of staking is to generate passive income which will be profitable for us. yes, at first glance it might be easy and profitable but we also have to be able to accept the risks that exist such as hacking so we really have to be able to choose a good and trusted platform. the point here is that besides the profit that we can get, stay careful and do the best because it will have an impact on the results we will get later. Staking has its own advantages and disadvantages but I think it's still a good thing to do.
It should be 100% obvious that staking also comes and is associated with the risks. It's not easy money where you will just buy a coin, stake it, and leave it for long waiting for your rewards to come. Everyone should be aware of what is staking all about and not just do a risky move of just buying the coin and forgetting it.
With the right choice of coins, staking will be profitable. We will just need to do our best on choosing a good coin to stake.
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