What do you think about staking? - page 5.

Tumanggor

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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?

To this day, one of the things I love about crypto is the concept of staking

I have crypto assets that I stake on the defi platform and it gives me passive income even though it's not much, but I'm satisfied with the results I get

acener

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For me it is a good way to increase your crypto holdings but most of the time when I do it I ended up losing money,
The value of crypto that I used to stake always drop down, I really like the idea but I am having a hard time holding those kind of crypto.
I would gain more crypto but with less value that I have invested.
I guess it is my own mistake I always get greedy whenever I have the chance and I don't want to stop or believe that those project would recover again from their price drop.

LastKiss

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Quote from: Benefactor on January 21, 2022, 11:56:00 PM

Its smarter to stake on Liquidity Pool then, at that point, stake your LP on Dapps that will augment your yield. Holding your coin on CEX and stake it there won't give you a greatest conceivable benefit. Marking is an approach to forestalling extortion and blunders in this interaction. I realize that stage however don't visit it more often than not.

The difference I know that mostly CEX wants us to do KYC and DEX doesn't need that thing, however, when you want to use CEX there are only limited tokens that can be staked mostly only the popular ones and when you use DEX you can get more APY and more kind of tokens. We should do some research first if we want to stake for a long time

Benefactor

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Its smarter to stake on Liquidity Pool then, at that point, stake your LP on Dapps that will augment your yield. Holding your coin on CEX and stake it there won't give you a greatest conceivable benefit. Marking is an approach to forestalling extortion and blunders in this interaction. I realize that stage however don't visit it more often than not.

Sweetbtc

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My dear friend staking is one the most increase your portfolio because it have rules and regulations because in staking they told you in advance that you will be able to get limits percentage so once finished the staking if pirce dropped that you will in little loss not as so much.

HUSTLER

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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.

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Quote from: tygeade on December 30, 2021, 04:43:30 PM

Quote from: mich on December 30, 2021, 06:18:30 AM

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.

I feel like staking is only good in 2 scenarios

1st: When you have massive capital and you can stake and sell out at the right time because the price of most coins that work on POS and don't have a sustainable model will fall.

2nd: When a coin is new and you have that ability to spot a good coin in the market and get in quickly. Because once everyone gets to know about the coin the APY will drop and staking will no longer be a feasible option for you.

I don't like the overall concept of staking because it makes the rich the richer and the poor get poorer. But then it has it's own advantages too.

The massive capital you have the more risks you do put in and also not all would really be having capability or capacity in doing so and if they do then not all are risks takers.We could really say

that staking does only have small in terms of APY depending if you are just few then its significant on day to day basis kind of interest but if you are lots or many then
it would be significantly been affected which it do comes into a point on where it isnt really that worth for the risk you had put on.

tygeade

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Quote from: mich on December 30, 2021, 06:18:30 AM

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.

I feel like staking is only good in 2 scenarios

1st: When you have massive capital and you can stake and sell out at the right time because the price of most coins that work on POS and don't have a sustainable model will fall.

2nd: When a coin is new and you have that ability to spot a good coin in the market and get in quickly. Because once everyone gets to know about the coin the APY will drop and staking will no longer be a feasible option for you.

I don't like the overall concept of staking because it makes the rich the richer and the poor get poorer. But then it has it's own advantages too.

mich

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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.

Timmex01

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Staking is actually one of my favourite option in any project. It helps to earn more assets if I don't want to go into trading. I also like the fact that I don't have to do any technical analysis.

martina14

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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?

I can't deny that staking is good, and one of this thing in which I think is good was Binance exchange where you can stake your coins and it will lock up for 90 days then after that it will be unlock and you get earnings for it after that happen of course. Aside from this exchange Biswap was also good for this matter in terms of staking.

cheezcarls

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Currently I am staking some mid-term tokens like Kommunitas (KOM) to be eligible for private/public sale IKOs/IDOs, etc. I’m also planning to stake AXS later on as I believe that Axie may even go bigger next year. I’m also considering to stake CROs next year, as I am planning to get it’s debit card (which is a requirement).

Staking is great if you want to earn some passive income by just simply locking a certain amount of tokens and gain interest on it depending on how many months you lock them. But just like holding and trading, staking also has risks in which the price of the token is still subject to market volatility and it is very unpredictable.

boyptc

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Quote from: Sihab76 on December 24, 2021, 03:55:09 PM

Staking is the best way to get profits without trading because staking just fixed deposit . We can only check the fixed interest rate frequently after depositing some dollars on staking.

It has a fixed rate.

But the deposit depends on how much you're going to put. There's no actual fixed amount for the deposit and it's like deposit as many as you can. That's the logic in staking, the more you stake, the more that you'll earn.

And that's why it's like for the rich and the rich becomes richer because it's built on their advantage.

Someone who has to make a living from staking, I don't advise to do it because the rates are low if you become dependent on it.

qory

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Staking is a good idea for a passive income, but I see some staking site that will let you buy first their coin before staking and afterwards crash although they offer a high APY. I think some staking site was really profitable over time but seeing some high yield staking was really tempting one but one of the risky one to invest with.

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Quote from: checkmatesir on December 23, 2021, 01:12:32 PM

The problem with crypto investers is, they expect returns in X's, that too in a short period of time. 20% annual return is considered healthy in stock market, so if you're investing for a long term and getting 50% gains or so each year investing in good crypto projects that are fundamentally strong, you're a proud winner.

Some crypto investors expect returns of more than 50% in a year, but that's only natural because crypto volatility is high and will not be the same as stocks. Even 10x or 100x returns are becoming commonplace in crypto.
But don't just look at the big returns, the losses to be received will certainly be bigger too.

blockman

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Quote from: touseefahmad1999 on December 27, 2021, 03:35:56 AM

staking is the best way to increase the amount in form of tokens with high APR. If you have want to hold any currency for a long term so best way to put in staking and get benefits with high amount without any risk. mostly investor like this option for a long term and take good benefits from there. so fist search best project after that you can stake the tokens to make more much money

Those with high APR are way riskier than the others. Because if the APR is too much, only a few are staking and if that's the case, it's mostly happening to those riskiest altcoins in the market.
The legitimate projects and altcoins are only giving those legitimate rates and you can't find with the newest altcoins that have an increased rates.

LUCKMCFLY

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Quote from: Zilon on December 20, 2021, 12:11:07 PM

Staking is good for good projects when the investor is looking at a long term passive income. Newscrypto is reliable and using a three months plan to check the system out for your self is best so you get the best experience and then decide either to extend or to withdraw to another exchange. But not all projects are reliable enough to stake ensuring good research is done before staking and knowing how long to stake

I think that one of the best projects in crypto is staking, I did not know that there was a platform of that style, usually there are decentralized exchanges that offer very good profitability for coin staking, some of 450%, one case is Biswap where you can bet some tokens, and you can generate BNB, BTC or even another token, which does not seem bad at all and I think that it is in the correct parameters of association to generate passive income, of course there is always a risk, sometimes It's good to test out the low-cost sites and see how your reputation builds.

Yamifoud

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Quote from: jossiel on December 25, 2021, 05:43:12 AM

Quote from: Sihab76 on December 24, 2021, 03:55:09 PM

Staking is the best way to get profits without trading because staking just fixed deposit . We can only check the fixed interest rate frequently after depositing some dollars on staking.

Best way passively but among all of the ways in earning crypto, it's not the best for me. But who won't be happy getting some profits while you're doing nothing and staking it?

Just choose those wallets that allows you to withdraw anytime and you don't have any commitment of putting it into a locked savings/staking.

As I use Binance for staking, The flexible term will let you withdraw your funds at any time.
That you right, who will never get happy while doing nothing but it gains profit from staking? But, we have to be cautious about what exchanges we use when staking, I hope we don't fall into non-reputed sites, or else, it is our big regrets later. And it must be clear to what term we preferred to use and as well as the coin coz this will vary in terms and APY.

touseefahmad1999

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staking is the best way to increase the amount in form of tokens with high APR. If you have want to hold any currency for a long term so best way to put in staking and get benefits with high amount without any risk. mostly investor like this option for a long term and take good benefits from there. so fist search best project after that you can stake the tokens to make more much money

toast

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Staking is actually a good idea, but still depends on which or what project you are going to stake. I staked before on some projects and on the first month I earned a decent amount of money but in the second month the price crashed for more than 80% I'm not really sure if that was rug pull or what but what I am saying is don't rely on staking if you don't research well the project.

It's much better to stake on a fiat currency and you can withdraw it anytime.

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