Will you stake your token to make profit? - page 4.

Apened

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Quote from: ROCKMINEROFFICIAL on April 27, 2019, 09:17:04 PM

Recently staking gains great popularity in crypto market, especially among wallet users. Some wallets claim that you can get extra 7-150% token if you choose to stake your token in their wallet. What on earth is staking? I wrote sth about staking on medium.https://medium.com/@rockminer/staking-another-new-way-to-make-money-in-crypto-aabf58143bb7

Here is the thing: will you choose to stake your token to make profit？

That would really rely on how good is the program of staking and not all staking offers a goo d quantity or amount you will earn monthly. This is a good thing for those investors who are investing and earnings extra coins or tokens while they hodl it for a long time.

Denton

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I've never done something like this, but I think that as any additional income this method will be good.

kapalmabur

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I think this is not necessary, because there is no guarantee that the price of tokens will increase in the future,
I think this is an attempt by the project developer to influence the token holders so they don't sell them.

pageraji

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I am staking when have a coin but not yet listed on market like mb8coin and miracle tele..when exchange is live than trading gain more profit

starblocks

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Stake based cryptocurrencies are a great way to earn passive income when the market is sluggish or you're waiting for other investments in your portfolio to appreciate to their optimum value, but it's not a new concept and its best to avoid any assets that have low liquidity or are lesser well known especially any new masternode coins don't have a proven track record development wise as these may not be viable long term investments

amrulshare

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there are several tokens / coins that are still profitable, but it takes a very long time to get these benefits and I am tired of doing staking.

Wakhid Mukti

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Quote from: jackblacksparrow on April 28, 2019, 03:40:43 PM

I would not risk it because I have no luck in gambling. It's like a game of roulette, lucky or unlucky.

Staking here is not intended like gambling. Staking what we mean, like we hold a token and store it in a particular wallet, for example, In wallet A requests 100 ETH Tokens for Staking the token for 1 day with a 15% rate. By sending and letting the ETH token in Wallet A during the required staking period, we will get 15% profit which will be paid in the form of the ETH token.

Woolles890

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When you have the opportunity, don't hesitate to take it, it's just that you need a lot of careful consideration to make the right decision. Bet on profits is a natural thing and it is really needed but must have the precision and intelligence to take it.

Chachacoin17

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Quote from: XbladedThanos on April 28, 2019, 05:59:28 PM

Depending on where and how you are stacking the coin If they have a reliable and related process nothing out of the ordinary then why not try with small number and see how it works You just take chances and see the opportunity If its good enough then why not

Looking with good and bright opportunity, we can stake our token when it has potential and viable to be staked. If we are eager to earn massive profits, then I prefer to be more observant and be wise to choose on which can give accumulate profits in return.

Johnyjay

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Staking is one of the less stressful ways to increase your holdings. Staking gives great gains when you stake the right coin. I said so because some coins pay better than the others when they are staked i.egive better returns than others. One thing you must note is that some might require that you get a certain high amount of coins before you can stake it and most times is not very affordable to low income earners. So when staking I will advice you go for a coin like veil. You can start staking veil with as little as 10 coins. Although the higher you stake, the higher and quicker your reward.

XbladedThanos

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Depending on where and how you are stacking the coin If they have a reliable and related process nothing out of the ordinary then why not try with small number and see how it works You just take chances and see the opportunity If its good enough then why not

rijaljun

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Quote from: ROCKMINEROFFICIAL on April 27, 2019, 09:17:04 PM

Recently staking gains great popularity in crypto market, especially among wallet users. Some wallets claim that you can get extra 7-150% token if you choose to stake your token in their wallet. What on earth is staking? I wrote sth about staking on medium.https://medium.com/@rockminer/staking-another-new-way-to-make-money-in-crypto-aabf58143bb7

Here is the thing: will you choose to stake your token to make profit？

For some coins, maybe yes but the minimum amount to be able to stake is the only part I can't really afford. However, If have enough money, I will buy altcoin to stake and get a profit from it.

Quote from: jackblacksparrow on April 28, 2019, 03:40:43 PM

I would not risk it because I have no luck in gambling. It's like a game of roulette, lucky or unlucky.

I dont think it's like a gamble, If you are going to mine PoW coins, you'll need to buy rig and manage it (pay electricity, maintain the equipments, etc), but PoS coins is more simple and is basically cheaper than buying rig. For both you just need to choose the right coins so that in the end you won't get loss.

jackblacksparrow

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I would not risk it because I have no luck in gambling. It's like a game of roulette, lucky or unlucky.

rizkyhiw

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Quote from: Pamadar on April 28, 2019, 09:46:12 AM

Quote from: erikalui on April 28, 2019, 06:38:48 AM

The reason to stake tokens is the same as keeping money in an FD in the bank. You can't remove your funds before a time period or you will lose some money if you do so. This should be your choice only if you have faith in a token/coin and not because the staking rewards are good as sometimes these rewards are good enough but your token eventually loses value leaving you with losses.

That's the risk when doing this staking investment, when value fall the amount of your rewards is not that much to covered the value that loses with your money, you must review and understand everything around the project in order to make some good confidence holding it and wait for those rewards to be generated and make a good compensation.

Everything must be counted very well because it involves the success of investing in the future so don't be too innocent with all the temptations of everyone, I think if promising and more profitable for the future I will put it instead of being too useful, everything does need a process and must be seen , I will not underestimate anything related to money because that's where the risk is greatest.

Ucy

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Staking works OK if you can identify & stake solid projects with good staking rewards. Most coins that offer that large percentage of staking rewards you posted are probably scams or substandard projects. The prices could be dumped on you... your coins and reward become worthless.

Genemind

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If it could provide you a higher payout then why not grab the chance? We must deal and take the opportunity rather than complicating things, as simple as that.
If they offer a good bonus and deals, I would stake my token just to gain at least a little profit through it.

CjMapope

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~Full-Time Minter since 2016~

haha kinda a funny question Tongue

IF your token/coin CAN stake, most of the time its a no-brainer, stake it, free coins
BUT: sometimes you need to lock the coins, so make sure your not gonna want to trade during the staking time
or risk losing your stake profits if u remove the coins too early
of course only SOME PoS mechanisms penalize removing early staked coins, not all

Adriano2010

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Well staking is a way to make some profit, but the profit are small, and people who choose staking choose because the mining equipment is expensive and also they more on electricity than they make from mining, and not worth it now.

bonker

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It is not going to give much benefits,just rather play with those tokens on trading platforms to make more benefits and ofcourse with more risks.

eidoscore

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i'm learn some lesson in many case are passed by me.
for altcoin like now staking is not make profitable because as you know market condition is not stable if any issue and make bitcoin price are moved up or down, of course that make altcoin price down even bitcoin price up

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