Nope.
Staking is definitely risking all of your coins, it doesn't matter where you stake it could be DEFI, centralized exchange, non custodial wallet etc, your coins would be staked in centralized pool.
Well the downside about staking is the coin price might decrease more than the coin you earn, but some people are choose to stake a stable coin where the price is relatively stable and you can still earn some interest.
Topic: Would You Advise People To Stake? - page 5. (Read 615 times)
Stake where you have control of the keys. I believe that staking through exchanges is very risky. The staking percentage you mentioned for Cosmos is very enticing, but I also think it carries risks. When many people earn good coins through staking, some may sell at lower rates to secure their profits, which could lead to a drop in the coin's value. My advice is not to stake on any exchange, no matter how big it is. Having control is crucial, as we cannot trust anyone else. I believe staking stable currencies is a much better option as it reduces the risk of value loss significantly.
In fact, if it is possible is always better to invest through a non-custodial wallet, trust wallet, it is my favorite, you just need to pay attention to impermanent lose, i.e. the change in the price/value of cosmos, you need to monitor often
There are two possible risks.
1. You will be missing your capital due to the dump that happened with the price of your token.
2. Not your keys, not your coin. You shall remember when so many exchange sites experienced various hacks and the amounts drained from the hot wallet. This can happen with coinbase too but it has been approved by US regulator.
It gives it more guarantee for the staker for not to lose their money easily.
People are much more preferring to buy stable tokens and then stake it. Even though APR will be far smaller compared with using altcoins but you will not be affected by the dump except once the stable coin become depegged.
I think that there are so many considerations before you buy tokens that can be staked. The greater you stake, the more profit you get.
Remember that staking potentially banned by SEC too.
1. You will be missing your capital due to the dump that happened with the price of your token.
2. Not your keys, not your coin. You shall remember when so many exchange sites experienced various hacks and the amounts drained from the hot wallet. This can happen with coinbase too but it has been approved by US regulator.
It gives it more guarantee for the staker for not to lose their money easily.
People are much more preferring to buy stable tokens and then stake it. Even though APR will be far smaller compared with using altcoins but you will not be affected by the dump except once the stable coin become depegged.
I think that there are so many considerations before you buy tokens that can be staked. The greater you stake, the more profit you get.
Remember that staking potentially banned by SEC too.
I guess if you really fancy staking for long term where you don't even know whether you might lose opportunities of dumping when the rally comes in then you should go ahead.
though staking seems really a good way to grow the investment further it also carries disadvantage that is you're constrained with the time that the staking needed before you could do anything to your money.
if you're so sure that your coin aren't just gonna drop in value then you could try it, I always considers staking only suited for those that wanna hold for long term regardless of the market movements in general.
and I think that its only suited for long term holders more than 1 cycle of bullruns.
though staking seems really a good way to grow the investment further it also carries disadvantage that is you're constrained with the time that the staking needed before you could do anything to your money.
if you're so sure that your coin aren't just gonna drop in value then you could try it, I always considers staking only suited for those that wanna hold for long term regardless of the market movements in general.
and I think that its only suited for long term holders more than 1 cycle of bullruns.
Staking is another way to earn money from crypto by freezing your coin and leaving it for a particular time for you to get rewarded. This indeed help the project from having too much liquidity that can result into a bear market compensating holders for staking there token for as long as they want. At least it market the price of the coin to become stable and gradually going bullish as more investors buy the same coin and hold it for as long as they want. When a coin project start having sell off, the price will start depreciating and could get to zero with time.
this will only be profitable if the coin you are staking has the potential to increase its value in the market like btc. but if you happen to stake a coin that is declining its value, such 17% annual return is useless and you will find out that your initial investment is almost nothing. so if you venture the staking option, you always need to keep up with the progress of the coin you are staking. as much as possible, discard it when your instincts is saying that the dev is about to abandon the project. you can get some hints how they talk in their social media channels or how they respond when people ask about their developments.
Staking is another way to earn money from crypto by freezing your coin and leaving it for a particular time for you to get rewarded. This indeed help the project from having too much liquidity that can result into a bear market compensating holders for staking there token for as long as they want. At least it market the price of the coin to become stable and gradually going bullish as more investors buy the same coin and hold it for as long as they want. When a coin project start having sell off, the price will start depreciating and could get to zero with time.
On my research, it says to only Stake on huge platforms, such as Coinbase.
That's already a mistake. Do you know that staking on huge platforms like Coinbase still gives you a risk because you don't own the keys there?As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?
It's because that APY changes over time, the more people that will start to stake then the rate drops. And that's why many just prefer to hold it and have it instant on their wallets if anything happens, they can sell it. Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?
i have quite different opinion, the annual rate is too much risky for coin thats really volatile, you see annual rate 17% might be interesting for some but you can see the chart that this coin have history of down more than 50% within a year. is it worth it for long term holding? depends. but then again as many have said you could simply stake it directly for better rates.
As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?
According to my opinion, some platforms provide the staking feature because they need liquidity. It means that it will use that stored liquidity in exchange for annual returns to its owners.
The issue is that this program has a degree of danger because it is imperative for the user to have complete confidence in the platform, and the staking system encourages investing in the largest amount of money to ensure a greater percentage of returns.
17.66% sounds so tempting that I don't think it's true. Some platforms set attractive rates to attract the largest number of users and encourage them to invest more amounts. Therefore, we should not blindly trust any platform that offers very attractive offers.
having that <2-3% Annual is already that big, similar on what _act_ have said above in speaking about differences and i do agree on the fact that not your keys then not your coins after all when you do tend to
store it up on exchange platforms. Its true that i dont really that like that idea on having that staking considering those tokens/coins would be locked on a certain time and there's no way that you could be
able to withdraw it out if its needed until it would be reaching out that timeframe. If you do, then there's unbonding period for you to wait up specially if you have decided to unstake it.
Its true that those returns annually is really that good looking or interesting but with the risks involved and the things attached to it which it do makes it not really that ideal at all
in the end.
As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?
According to my opinion, some platforms provide the staking feature because they need liquidity. It means that it will use that stored liquidity in exchange for annual returns to its owners.
The issue is that this program has a degree of danger because it is imperative for the user to have complete confidence in the platform, and the staking system encourages investing in the largest amount of money to ensure a greater percentage of returns.
17.66% sounds so tempting that I don't think it's true. Some platforms set attractive rates to attract the largest number of users and encourage them to invest more amounts. Therefore, we should not blindly trust any platform that offers very attractive offers.
Asking about whether one should advise people to stake is just like simply asking about advising people to gamble. Although staking is less risky but on centralized platform it seems same. So it is matter of choice, if you feel you can afford to lose the money then nothing bad about it.
On my research, it says to only Stake on huge platforms, such as Coinbase.
As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?
I would say the major drawback is you trusting that since coinbase is big, it can never collapse. This is very wrong. Because any day coinbase gets compromised then your funds will go with it.
Also staking means your account been freezed for a certain period of time means you can’t sell whenever you want be it during bull run or during emergency period
On my research, it says to only Stake on huge platforms, such as Coinbase.
As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?
I would say the major drawback is you trusting that since coinbase is big, it can never collapse. This is very wrong. Because any day coinbase gets compromised then your funds will go with it.
Also staking means your account been freezed for a certain period of time means you can’t sell whenever you want be it during bull run or during emergency period
Cosmos is Atom. You can stake it directly on noncustodial wallet. You can use Keplr wallet for it. Or you can use Trustwallet to stake it.
Do not stake on exchanges. It is not your keys and it is not your coin.
17.66%? That is a scam. I checked it now, it is 19.12% if you stake it directly on your noncustodial wallet.
People stake to earn more profit.
Do not stake on exchanges. It is not your keys and it is not your coin.
17.66%? That is a scam. I checked it now, it is 19.12% if you stake it directly on your noncustodial wallet.
People stake to earn more profit.
I'm a beginner so I put it in the Beginners & Help section.
Coinbase offers "Cosmos" with a yearly annual return of 17.66%.
I did some research on Cosmos and its future looks bright.
On my research, it says to only Stake on huge platforms, such as Coinbase.
I realize the drawback is you freeze your funds for a certain amount of time.
The other drawback is because of Crypto's ups and downs, you might lose money if it goes down. But that's true of any crypto, including BTC.
As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?
Coinbase offers "Cosmos" with a yearly annual return of 17.66%.
I did some research on Cosmos and its future looks bright.
On my research, it says to only Stake on huge platforms, such as Coinbase.
I realize the drawback is you freeze your funds for a certain amount of time.
The other drawback is because of Crypto's ups and downs, you might lose money if it goes down. But that's true of any crypto, including BTC.
As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?
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