Topic: What do you think about staking? - page 3. (Read 1576 times)
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.
All you have to do to strike is some rules before you strike. You have to take a look at them. After that you have to do striking. Once you strike, you will not be able to withdraw tokens until the strike is over. When the striking is over, they will give you your wallet with all your money and profit.
Look at SFUND coin still have stable price and APR percentage keep the same, usually have coin not stable price but APR always change day by day, I recommended for you all stake SFUND coin but keep DWYOR because when bitcoin dump SFUND have big chance to dump. I earn about 500$ every month with SFUND coin staking and next time I will add fund again above $5,000 to earn much profit with SFUND coin staking.
In my opinion, I think staking is a very good way to earn passively. Users do not need to spend too much time and effort but can still earn more money, the only thing to do is stake the number of coins/token they want and choose the desired time. However, it is necessary to carefully study and select projects that are good and have potential for future development in order to achieve high profits.
Be choosy if you're about to stake. Those coins that are giving high percentage of APY, they won't stay for long giving the same percentages. The cut here is that they might go down when more people stake that coin. And also the thing with that, you'll never know the future of those high APY in stake coins. If you're really liking to stake, choose the one that's been in the market for so long, the percentage may not be ideal to you but you still want to earn passively even with little gains. That's much better than to risk a lot.
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Crypto staking may be a approach of earning passive financial gain by victimisation sure cryptocurrencies to assist verify transactions on a blockchain network. Staking is completely different from crypto mining, although each will give yields extraordinary what’s out there from a typical bank account.
Though the language of crypto staking sounds advanced, the principles square measure pretty simple. And there's Associate in Nursing increasing range of on-line exchanges about to create crypto staking easier for everyday users.
If you’re deciding whether or not to use your holdings for cryptocurrency staking, it may be useful to grasp however the method works, that cryptocurrencies you'll stake and a few of the risks concerned
Though the language of crypto staking sounds advanced, the principles square measure pretty simple. And there's Associate in Nursing increasing range of on-line exchanges about to create crypto staking easier for everyday users.
If you’re deciding whether or not to use your holdings for cryptocurrency staking, it may be useful to grasp however the method works, that cryptocurrencies you'll stake and a few of the risks concerned
Sometimes this is why I would prefer to just buy Bitcoin and HODL instead of having to face the problems of these Altcoins.
I've seen people with the same reason as you. Many of them preferred to just buy and hold bitcoin or those altcoins that can be staked. They're feeling that there's no need for them to do that and earn with those percentages.
But if the concern is about the value, just choose those platforms that making you choose the flexible term for which you can withdraw at any time.
Aren't we all like that? When things go wrong we all think alike ... but the problems and mistakes we make is our experience, that's how we learn to find what is better! I don't regret my decisions to try some staking alts, even thou some of them were a loss, with some I had nice profits, at the end of the day it's about how we start with some project, how much we are ready to invest and of course, to do proper research before investing in some staking coin! And to be clear about one thing, staking is for the long run, it's how you make a profit, who promises some big returns in a short period of time is probably trying to scam you!
Staking is good if those legit sites offered a safe haven for your funds and don't take for granted your money. For me I have no such confidence with staking, because I haven't tried to deal with this type of profit gaining platform.
Previously I've tried parking on some coins but suddenly it failed, and the project itself went out dead and out of circulations.
Previously I've tried parking on some coins but suddenly it failed, and the project itself went out dead and out of circulations.
Staking is good if you understand how things work, and like what you mentioned, if you trust the site or the project
who offers the service, staking is another way of passive investment, if you believe that the site have solid foundation
you can use usdt or any fiat base investment if you are concerned with fluctuations.
In my opinion, whether staking is good or not depends on the type you trade if you tend to be passive then staking will suit you. There's nothing wrong with staking or not, that's each person's strategy, and they are free to decide. I myself have never visited the program you mean, I feel it is not suitable for using the staking method. Even though there are many people who are suitable for this method but unfortunately I am not one of them.
Any one here interested for staking on Lookrare coin? I see have stable APR every day above 500% and today reach almost 700%, but have bad site with this coin as ERC20 network where you need purchase almost 50$ when staking and approved for withdrawing later. But I think if APR keep consistent above 500% most profitable with coin price keep stable above $4, last days lower price is $4 and now have reach above $5 and looks stable on every weeks. If you have saving fund you can try for staking with Lookrare coin and not worry have many exchange listed from Binance, Kucoin, Huobi and other small exchange with higher volume transaction.
Sometimes this is why I would prefer to just buy Bitcoin and HODL instead of having to face the problems of these Altcoins.
I've seen people with the same reason as you. Many of them preferred to just buy and hold bitcoin or those altcoins that can be staked. They're feeling that there's no need for them to do that and earn with those percentages.
But if the concern is about the value, just choose those platforms that making you choose the flexible term for which you can withdraw at any time.
For staking, the concern is not only the value of the altcoins but also the trust factor of the platform where you are staking the coins. There is always a risk that the centralized platform where we have stake the coins may not be reliable and they can run away with our funds. It's better to hold the coins in our private wallet rather than risking them on staking.
I think that staking is a good way to make you some passive income, for me, staking is just hodling but has a much better reward than just hodling. It's not for everyone though as staking requires you to have it locked for certain period of time so if you have a low risk tolerance then there's a possibility that you might not like staking especially if the token you're staking is going down.
It is true that for those who are used to holding coins, staking is not much different from holding coins. Since the two are almost the same,
but usually the interest rates offered are not large when we are staking coins, that's what makes me not too interested in staking. Moreover,
there is a risk that the price of the coins we staking will fall, while we can not sell the coins within a certain time. Because several platforms
that provide staking services often lock the coins that we use for staking within a certain time. Although staking is a good option for making profit,
but staking does have risks and there are certain rules that we must follow. So I'm not very comfortable when staking, I prefer holding coins
in my personal wallet, it's simpler and sometimes the profit I get is bigger than staking.
If you are a crypto capitalist, staking could be a thought you will hear concerning typically. Staking is that the method several cryptocurrencies verify their transactions, and it permits participants to earn rewards on their holdings.
But what's crypto staking? Staking cryptocurrencies could be a method that involves committing your crypto assets to support a blockchain network and ensure transactions.
It's offered with cryptocurrencies that use the proof-of-stake model to method payments. this can be a additional energy-efficient various to the initial proof-of-work model. Proof of labor needs mining devices that use computing power to resolve mathematical equations.
But what's crypto staking? Staking cryptocurrencies could be a method that involves committing your crypto assets to support a blockchain network and ensure transactions.
It's offered with cryptocurrencies that use the proof-of-stake model to method payments. this can be a additional energy-efficient various to the initial proof-of-work model. Proof of labor needs mining devices that use computing power to resolve mathematical equations.
I think that staking is a good way to make you some passive income, for me, staking is just hodling but has a much better reward than just hodling. It's not for everyone though as staking requires you to have it locked for certain period of time so if you have a low risk tolerance then there's a possibility that you might not like staking especially if the token you're staking is going down.
Those two reasons are the reasons why many people are still hesitant towards staking their coins and I cannot agree more to it.
Locking up the coins is definitely one of the biggest disadvantages because we cannot benefit out of the sudden market movements.
Even I have staked some amount in SOL but it takes around 3 days or so unlock it from staking and then withdraw it.
3 days are good enough to lose enough profits from the sudden market movements. Staking is definitely not for everybody.
Its smarter to stake on Liquidity Pool then, at that point, stake your LP on Dapps that will boost your yield. Holding your coin on CEX and stake it there won't give you a greatest conceivable benefit. Holding resources in your wallet is in a way still inactive acquiring, hodling is as yet a thought that individuals would in any case consider, particularly assuming the coin is something that develops pretty above and beyond time.
As much as staking might seem to be a good idea, I think it is also very important that we are very careful with the coins that we choose to stake. Staking the wrong coin wouldn’t be worth it, you’re just going to end up with so much and think that staking was a bad idea.So, anyone who has plans to start staking should know the coins that they are choosing very well and be sure that it is a good coin that would retain it’s value as time goes on, because if the value is lost, then what’s the need of staking? Sometimes this is why I would prefer to just buy Bitcoin and HODL instead of having to face the problems of these Altcoins.
I am always afraid to entrust to anyone my money when it comes to this staking, that is why I did not have an interest in it right now.
Staking is good if you know that the exchange could be trusted for the long term and did not run away your money. If staking is the only easiest way and probably more investors doing that right now but the fact they choose to invest BTC than this because they know that they are safe on it.
But those who have tried, I did not blame them that they always come to staking because they already earned on it.
there are staking platforms where you are in control of your keys so whatever happens to that platform your money is still safe with you. Why do not you try that? Usually these types of staking are not from exchanges but they are from wallets and crypto utility app.Staking is good if you know that the exchange could be trusted for the long term and did not run away your money. If staking is the only easiest way and probably more investors doing that right now but the fact they choose to invest BTC than this because they know that they are safe on it.
But those who have tried, I did not blame them that they always come to staking because they already earned on it.
The popular form of staking are still on exchanges like binance because of the wide variety of coins that you can choose from and different earning rates depending on your taste. Like you I am not a fan of it because no matter how trusted an exchange , it is still possible to get hi jacked and I think binance have been hacked before. Stakers should left something for themselves just in case something bad will happen.
Staking for new coin where in you need to buy their coin to stake? No way, you would earn that especially the ones that offers extremely high APY you would just waste your investment and ended up broke to those if you want to stake, stake with the Bitcoin or Ethereum and earn Bitcoin and Ethereum, have a good APY, secured website and have the ability to withdraw your stake whenever you like.
I think that staking is a good way to make you some passive income, for me, staking is just hodling but has a much better reward than just hodling. It's not for everyone though as staking requires you to have it locked for certain period of time so if you have a low risk tolerance then there's a possibility that you might not like staking especially if the token you're staking is going down.
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Staking has become the choice of many crypto players at this time imo...For those who want long term investment or hold their tokens for a long time then staking is a good option. I also do staking in guarda wallet and celsius network. before staking keep DWOR!
It's a good choice, and there are many staking opportunities around crypto! To start from exchanges, most of them have some sort of staking or farming, some wallets offer staking for some coins... to not mention all those staking coins and tokens around! I have some casino tokens on staking and I have passive income from that... staking is everywhere around, why money to sit in one place doing nothing when it can work for you?!
Staking is good if you know that the exchange could be trusted for the long term and did not run away your money. If staking is the only easiest way and probably more investors doing that right now but the fact they choose to invest BTC than this because they know that they are safe on it.
But those who have tried, I did not blame them that they always come to staking because they already earned on it.
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Staking has become the choice of many crypto players at this time imo...For those who want long term investment or hold their tokens for a long time then staking is a good option. I also do staking in guarda wallet and celsius network. before staking keep DWOR!
It's a good choice, and there are many staking opportunities around crypto! To start from exchanges, most of them have some sort of staking or farming, some wallets offer staking for some coins... to not mention all those staking coins and tokens around! I have some casino tokens on staking and I have passive income from that... staking is everywhere around, why money to sit in one place doing nothing when it can work for you?!
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