Topic: what is difference between HODL and staking? - page 3. (Read 511 times)
To HOLD means that you intend to keep the crypto token or coin in your wallet for a period of time in anticipation that the value will rise. Once the value rises to the level you expect to rise, you can then sell at a price higher than the price when you held the coin. In this case, the coin/token was not used to solve/perform any activity on any platform. To stake means that you put the coin/token into use in a platform of which some rewards are paid out based on the length of time and quantity of the coin staked. Because, most times the staking platform is not within your control, there is a level of risk associated with staking. It is left for you to check the options and the benefits to ascertain which activity is best for you - to STAKE or to HOLD.
hii all
my question is what is difference between HODL and staking
my question is what is difference between HODL and staking
Hodl means not to sell and keep holding. Staking is a way of getting interest/rewards for holding a specific coin. Staking was coined for POS coins but now applies to holding coins for profit in every platform and dapps wile hodl was coined by a fellow bitcointalk forum member about his drunk thoughts of you not losing your money unless you sell for loss. And that strategy has been proved beneficial a multiple of times in crypto.
the differences and similarities have been explained by community should have cleared the answer ,I just a little say about hodl which makes some people rich because that is also not an easy thing ,it takes a long time to get good results and when the market is down they decide to keep adopting more !
Keep it safe = HODL. Sacrifice it = Staking.
You are giving away the authority of the token being "yours" in staking. That means, it not yours anymore in reality. Think of it like someone borrowed it and if they run away, so does your coins.
HODLing is just keeping it safe in a stash. Yes, that's the simplest I could define it. As long as it is a trusted coin like BTC and Ethereum you don't have to worry about losing its value.
You are giving away the authority of the token being "yours" in staking. That means, it not yours anymore in reality. Think of it like someone borrowed it and if they run away, so does your coins.
HODLing is just keeping it safe in a stash. Yes, that's the simplest I could define it. As long as it is a trusted coin like BTC and Ethereum you don't have to worry about losing its value.
hii all
my question is what is difference between HODL and staking
my question is what is difference between HODL and staking
I think that's so easy to find some articles about that. I just wanna tell you this
Quote
HODL is a term used in the cryptocurrency world to describe a buy-and-hold investing strategy. While some claim that HODL is an acronym for “hold on for dear life,” it’s actually a misspelling of the word “hold.”
source:https://www.thebalance.com/what-is-hodl-5187966
And this is for staking
Quote
Staking is the way many cryptocurrencies verify their transactions, and it allows participants to earn rewards on their holdings
source: https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/what-is-staking/You can compare those articles and try to find the difference between HODL and staking. That will give you a good knowledge about that. It's caused by you can easily find that through your search engine but you're lazy enough, right?
hold : hold our coins in our personal wallet without getting passive income from the coins we hold
while staking: locking crypto in a digital wallet on a certain platform for a certain duration and for profit. The duration of staking is usually done for a week, a month, two months, up to a year and from the results of staking we can take it at any time and that is certainly more profitable and minimal risk
Logically, the principle is the same but technically the method is different. Staking there are 2 types of Flexible can be withdrawn at any time and locked for a month or year according to the presentation of APY and APR. also HODL you only need to save your coins in your wallet until withdraw the profit you want without limit time
The two terms actually have almost the same goal, namely to earn income without having to carry out trading activities. if HODL we aim to hold the coins we have until we sell them at the price we want. while in staking, we bet the coins we have without having to do anything in the time that the project has created. and the amount of income depends on the number of coins we have
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hii all
my question is what is difference between HODL and staking
Difference between this two is very clear, but to put it In a simple and most understandable manner - :my question is what is difference between HODL and staking
HODLING- simply put means buying a crypto coin and not making use of it for a long period of time, this time period could be 1 year, 2 years or even 15 years, depending on the investor.
STAKING- on the other hand means locking your crypto coin for a certain period of time in order to gain some unit of that same crypto in return as reward.
There are various techniques and strategies in both hodling and staking, for deeper understanding of the difference between the two, you can read the article below, I believe it will help you understand far more than I've explained above.
https://zebpay.com/blog/hodling-vs-staking/#:~:text=HODLing%20preserves%20the%20liquidity%20of,applies%20to%20only%20select%20cryptocurrencies.
Please don't mind the long link, the site is very safe.
hii all
my question is what is difference between HODL and staking
my question is what is difference between HODL and staking
Hodling basically means that you buy coins and then you just leave them at your wallet and hold (hodl) them for a while, which can be a few weeks, a few months or a few years. If you are planning to hold them for a pretty long time, then i would always recommend that you don't let the tokens at the exchange but that you send them to your private wallet because if the exchange gets hacked the coins might be lost.
Staking means that you "use" your coins and in return you get some interest on your coins. You can either do this via the desktop apps of certain projects like Radix or IOTA that offer in-Wallet staking or you can just send your tokens to one of the many Defi Staking or farming pools that are existing out there.
I thing that the different is only when you're holding something and you're relying with the your capital. I meant holding is the same like you are owning your token but these tokens didn't help you to earn. Staking means you are getting your reward from what you have been contributing to help the network to secure its protocol. You can also get more explanation about this from the various source on internet. it may need a few seconds for you to get some good article that will be fully explaining this to you. I think that it's quite easy to understand the different between staking and hodling from this case.
Staking will give you very good passive income . some staking project you should lock your coin and you will not be able to unstake or sell any coin until lock period end.
Some project like cake you can stake token which give you daily base reward and you can unstake anytime.
While Holding is just buy the token and keep in your wallet for long term so when price rise you will sell.
Some project like cake you can stake token which give you daily base reward and you can unstake anytime.
While Holding is just buy the token and keep in your wallet for long term so when price rise you will sell.
While in staking, whether the price of that token goes up or not, you'll still receive an interest rate from staking it.
What you get for staking your cryptocurrencies is not interest. Interest is the money you get for the money you have lent to someone.
In staking, you don't lend any money. In staking, you earn money for helping the network of a POS cryptocurrency and validating transactions.
But yeah, thanks for that. The profit that someone gets on staking is from helping validate transactions in the network and for someone's who is not technical on it, interest is the term they are likely to use.
Hold on is a choice, in my opinion
The first one is held in our deposit wallet, of course there will be no result.
and secondly, hold on the exchange that we buy the coin from, of course we will benefit if the coin we hold goes up.
Staking in my opinion is a coin that you need to send to another platform and you bet but it has a big risk when the ICO doesn't work.
The first one is held in our deposit wallet, of course there will be no result.
and secondly, hold on the exchange that we buy the coin from, of course we will benefit if the coin we hold goes up.
Staking in my opinion is a coin that you need to send to another platform and you bet but it has a big risk when the ICO doesn't work.
HODL is the best you can do with your coin as I don't like to take risks.Staking it means you have to send the coins to some 3rd party entity and they pay you some form of interest during the year but what guarantee do I have that this 3rd party entity doesn't go away with my funds.Staking is a whole lot more risky than just Hodling your coins which you have the guarantee that they will not run away if you properly secure your wallet.
While in staking, whether the price of that token goes up or not, you'll still receive an interest rate from staking it.
What you get for staking your cryptocurrencies is not interest. Interest is the money you get for the money you have lent to someone.
In staking, you don't lend any money. In staking, you earn money for helping the network of a POS cryptocurrency and validating transactions.
HODL, you hold the coin/token without any interest. The way that you're going to earn from it is when the price goes up.
While in staking, whether the price of that token goes up or not, you'll still receive an interest rate from staking it. I guess this is the easiest description for someone to understand about staking and holding.
While in staking, whether the price of that token goes up or not, you'll still receive an interest rate from staking it. I guess this is the easiest description for someone to understand about staking and holding.
For me when it comes holding you can earn passive income depends on the improvement of the coins you're holding in your wallet and etc. And when it comes staking you can earn passive income by investing on their program and it depends on what percentage of profits you can get from it because usually what i saw is just an approximate percentage..
Holding is a passive income but staking should be regarded as active income, staking is active income. Passive income for holding because you do not work for anything other than the price of the coin increase compare to fiat. The price of the coin rise and you make profit when the value is compared to fiat, but in staking you earn more coins, unlike holding that you did not earn more coins but only the value increase in fiat. In staking, your money also work for the income, the income I mean is the extra coin earned which is the active income.
For me when it comes holding you can earn passive income depends on the improvement of the coins you're holding in your wallet and etc. And when it comes staking you can earn passive income by investing on their program and it depends on what percentage of profits you can get from it because usually what i saw is just an approximate percentage..
my question is what is difference between HODL and staking
The main difference is that in the HOLD process, you get a profit after you sell the coin after its price has increased, and when you staking, you get a profit in the process of holding the coin. But you should take into account the fact that when staking, you usually need to send your coins to other platforms, which significantly increases the risks.
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