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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: cheezcarls on July 17, 2020, 11:40:34 AM



Title: Should I stake my TRXs now?
Post by: cheezcarls on July 17, 2020, 11:40:34 AM
My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there). 

Thanks in advance!


Title: Re: Should I stake my TRXs now?
Post by: btcltcdigger on July 17, 2020, 12:01:55 PM
I would support it.
I personally stake TRX in my Ledger wallet, and with about 34k TRX, i get around 5 TRX per day. Not much, but better than nothing, right?
Not sure how it work on Trust wallet, but on ledger, you basically vote for a delegate (Binance) and it freezers your TRX. Every few days you can log in and claim your try which arrive in your wallet


Title: Re: Should I stake my TRXs now?
Post by: physicist23 on July 17, 2020, 12:18:55 PM
My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there). 

Thanks in advance!
I would consider the tax situation in the country where you live in your consideration. In Germany, for example, the holding period until tax exemption increases from 1 to 10 years through stacking.


Title: Re: Should I stake my TRXs now?
Post by: Festac on July 17, 2020, 12:29:57 PM
My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there). 

Thanks in advance!
That's a very long time already, I bet you are a early investor then, you would have make lot of profits if you've been staking since 2018, it's not too late and the project is reliable so why wait? It's just that I don't like the CEO


Title: Re: Should I stake my TRXs now?
Post by: cheezcarls on July 17, 2020, 12:34:51 PM
I would support it.
I personally stake TRX in my Ledger wallet, and with about 34k TRX, i get around 5 TRX per day. Not much, but better than nothing, right?
Not sure how it work on Trust wallet, but on ledger, you basically vote for a delegate (Binance) and it freezers your TRX. Every few days you can log in and claim your try which arrive in your wallet

Okay but my TRXs is on Binance exchange and not on Trust Wallet. So if it’s already there on Binance, I don’t need to delegate right? Is there a staking option on Binance? I only got like 2.2k+ TRXs, as I bought it when it was still around $0.09 and I never sold it even if it “moons” way back 2017.

That's a very long time already, I bet you are a early investor then, you would have make lot of profits if you've been staking since 2018, it's not too late and the project is reliable so why wait? It's just that I don't like the CEO

Yeah it was a very long time indeed. Didn’t have idea about TRX staking back then. If I wasn’t busy for the past couple of years, I would have staked some TRXs already and I imagine how much I finally earned up to this date.


Title: Re: Should I stake my TRXs now?
Post by: JHORN on July 17, 2020, 12:41:42 PM
Tron is a good altcoin and staking will earn you more, way better than just locking your Tron away in the wallet, you can stake right on binance exchange or use trust wallet, I prefer trust wallet or atomic wallet than sending to exchange, just taking precautions


Title: Re: Should I stake my TRXs now?
Post by: foxy on July 17, 2020, 12:44:50 PM
My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there). 

Thanks in advance!

If in your mind your selling target is still far away then by all mean you can start staking your tokens but if the selling target is close then I won't suggest you to stake.


Title: Re: Should I stake my TRXs now?
Post by: timmmers on July 17, 2020, 12:47:11 PM
I do not see any risk when you stake Tron coins in your personal wallet. The problem would be if you send Tron coins into a third party that would stake it for you.

Here you can calculate your reward: https://www.stakingrewards.com/earn/tron, but Tron is not the best coin for staking, the interest rate is only 3% per year.


Title: Re: Should I stake my TRXs now?
Post by: akram143 on July 17, 2020, 12:47:44 PM
My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there). 

Thanks in advance!
Yes, staking is an option for you to multiply the coins you have but make sure you don't have plans to sell them before staking coins and you chooses trust wallet which holds little bit less risky compared to staking on exchanges, so good luck!


Title: Re: Should I stake my TRXs now?
Post by: btcltcdigger on July 17, 2020, 12:50:50 PM
I would support it.
I personally stake TRX in my Ledger wallet, and with about 34k TRX, i get around 5 TRX per day. Not much, but better than nothing, right?
Not sure how it work on Trust wallet, but on ledger, you basically vote for a delegate (Binance) and it freezers your TRX. Every few days you can log in and claim your try which arrive in your wallet

Okay but my TRXs is on Binance exchange and not on Trust Wallet. So if it’s already there on Binance, I don’t need to delegate right? Is there a staking option on Binance? I only got like 2.2k+ TRXs, as I bought it when it was still around $0.09 and I never sold it even if it “moons” way back 2017.


I believe just holding them there does the trick as well, yeah.
I can't say if it's better or worse than staking on ledger. However, if you trust Binance with your coins, then i guess it's perfectly ok to keep it there


Title: Re: Should I stake my TRXs now?
Post by: minairia3 on July 17, 2020, 12:56:46 PM
I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?
There is a staking option on trust wallet? I know atomic wallet has option like this, but never heard that trust also have. Or you just access the trust wallet to go to defi that enable staking?

I have some trx too and planning to stake also since it just stand by on my wallet. Thats good thing on PoS coin cause it can give you a reward even its small than simply hold for nothing.



Title: Re: Should I stake my TRXs now?
Post by: Rodeo02 on July 17, 2020, 01:38:03 PM
Trust wallet is also a 3rd party wallet am I right ? If so then its better to have your own ledger wallet to stakes your TRX it is much more secured  compared to staking it 3rd party wallet.

If you know you can earn in staking than staying it in your wallet without return .Then ,i suggest to start staking now so you are able to earn free trx daily than staying in your wallet without any return and wait only for the price increase  . As long you know you are making it right way and secured.


Title: Re: Should I stake my TRXs now?
Post by: helloinox on July 17, 2020, 02:17:12 PM
I would support it.
I personally stake TRX in my Ledger wallet, and with about 34k TRX, i get around 5 TRX per day. Not much, but better than nothing, right?
Not sure how it work on Trust wallet, but on ledger, you basically vote for a delegate (Binance) and it freezers your TRX. Every few days you can log in and claim your try which arrive in your wallet
5 TRX is good enough for average use in TRX's transaction fee. Not much, yeah but if you involved in its ecosystem, that saves you some money for daily transaction fees.


Title: Re: Should I stake my TRXs now?
Post by: btcltcdigger on July 17, 2020, 03:05:25 PM
I would support it.
I personally stake TRX in my Ledger wallet, and with about 34k TRX, i get around 5 TRX per day. Not much, but better than nothing, right?
Not sure how it work on Trust wallet, but on ledger, you basically vote for a delegate (Binance) and it freezers your TRX. Every few days you can log in and claim your try which arrive in your wallet
5 TRX is good enough for average use in TRX's transaction fee. Not much, yeah but if you involved in its ecosystem, that saves you some money for daily transaction fees.

The way i look at it, it's 10 cents a day free, every day. These 10 cents might be 20 cents in the future, who knows.
Point is, i don't have to do anything, and money comes :D

That's true passive income


Title: Re: Should I stake my TRXs now?
Post by: tabas on July 17, 2020, 03:13:21 PM
There is no risk if you will stake it carl. It's like what you have been doing of sitting it, you only need to choose a good wallet and I think trust wallet is also a good wallet although I never used them.
But if you have Ledger live, you can stake it there without any worry.
https://www.ledger.com/staking-tron


Title: Re: Should I stake my TRXs now?
Post by: ned.ryerson on July 17, 2020, 03:31:45 PM
I think that the most profitable solution is to trade your coins but not send them to stake at 9 percent per year. if you have very big losses now and you can’t trade, it’s better to just leave your coins until better times will come


Title: Re: Should I stake my TRXs now?
Post by: asder250 on July 17, 2020, 04:07:20 PM
Tron staking is different than staking as we know in general. When you stake TRON, you get energy and this energy can be used for future transactions, but you do not get Tron as a token for staking. But you can lend your TRX to receive an interest in a TRX and multiply your holdings.


Title: Re: Should I stake my TRXs now?
Post by: Zeehaxan on July 17, 2020, 05:47:24 PM
My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there). 

Thanks in advance!
If you are still thinking to hold your trx for longterm then staking is a good option for you as after months of holdinh you will end up with more trx than you had initially but personally i am not a fan of staking as returns are very very small that it does not make sense for me to fix my coins for months or years in a fast moving crypto market.


Title: Re: Should I stake my TRXs now?
Post by: cabron on July 17, 2020, 06:05:11 PM


There is nothing to this TRX anymore. You must have been hoping its price would spike a week ago when Justin tried to hype his TRON 4.0 but it just doesn't work this way anymore. Nothing seems to make investors trust the CEO who does stupid things. The only reason why some are buying TRX lately is so that they can collateralize it on Oikos Defi.  Instead of staking TRX, try the OKS instead and stake your OKS for its more profitable than TRX.


Title: Re: Should I stake my TRXs now?
Post by: Wysi on July 17, 2020, 06:11:18 PM
First decide the target price when you would like to sell your TRX and if it's not achievable in near future then I would suggest you to go ahead with staking as you will not lose anything rather earn more TRX. Just a small suggestion from my end, TRX has a long way to go so don't set short term target for selling it as it carries potential which is required prosper further.


Title: Re: Should I stake my TRXs now?
Post by: iv4n on July 17, 2020, 06:15:40 PM
I gamble with my trons, I got dividends from my trons, I stake some of my trons in atomic wallet. I suggest tron to some people who have money to spare, it's a good coin to gamble with, their casinos offer a lot in my opinion, that staking in atomic wallet is nice, and overall I am satisfied with things I can do with tron. The price is low, but who knows maybe it will rise in the future, Justin is a shady character, but he is doing his job.
Who didn't try it can't say much, but I tried it and I think it's good, just keep in mind to have fun with money you can afford to lose!



Title: Re: Should I stake my TRXs now?
Post by: Febo on July 17, 2020, 06:37:38 PM
Should I stake my TRXs now?


PoS coins means that those that if everyone stake they all keep the same value. But in reality some stake and others not so those that stake steal from those that dont. Value gets distributed from non stakers to stakers.  Holding a PoS Coin and not stake is losing and giving more value to those that stake.  Holding a PoW coin is totally fine.


Title: Re: Should I stake my TRXs now?
Post by: Eco_111 on July 17, 2020, 06:46:18 PM
My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there). 

Thanks in advance!
You should have stake you trx coins and by now you would have make many quantities more, Tron is a reliable crypto project so you have nothing to worry about but if you are the type that takes decentralized seriously then you will be disappointed because Justin sun is forcing Tron network to be a centralized platform


Title: Re: Should I stake my TRXs now?
Post by: funex on July 17, 2020, 06:46:45 PM
I think its not a bad idea staking trx , i am also staking some i bought since last. since the moon i am expecting hasn't come yet i still know that trx has the potential of increasing in value if not now in the nearest future i will advise yous take instead of just holding .


Title: Re: Should I stake my TRXs now?
Post by: shadowduck on July 17, 2020, 07:08:07 PM
I think TRX will rise again. Justin Sun is a very successful market maker and he knows how to promote his project. I believe in this project and I think that the price will return to its ATH


Title: Re: Should I stake my TRXs now?
Post by: ZincUnrated on July 17, 2020, 07:54:17 PM
I say yes! Better to stake them on all on something legit and have them accruing consistent and residual income/profits than to allow them sitting on your wallet without increasing in value or worth. There are some very good places you can stake your TRX and I have a lot of friends who have been doing this for some time now and the results have been pretty impressive. I advice you to get on one of the staking exchanges and sites and have your TRX staked.


Title: Re: Should I stake my TRXs now?
Post by: casperBGD on July 17, 2020, 07:56:43 PM
I say yes! Better to stake them on all on something legit and have them accruing consistent and residual income/profits than to allow them sitting on your wallet without increasing in value or worth. There are some very good places you can stake your TRX and I have a lot of friends who have been doing this for some time now and the results have been pretty impressive. I advice you to get on one of the staking exchanges and sites and have your TRX staked.

what those impressive results are? how many percents on a yearly basis?
i can not think that it is something impressive, could not say that it is better just to sit there and not earning value, but would not call impressive few percents on a yearly basis


Title: Re: Should I stake my TRXs now?
Post by: tvplus006 on July 17, 2020, 08:25:00 PM
I would support it.
I personally stake TRX in my Ledger wallet, and with about 34k TRX, i get around 5 TRX per day. Not much, but better than nothing, right?
Not sure how it work on Trust wallet, but on ledger, you basically vote for a delegate (Binance) and it freezers your TRX. Every few days you can log in and claim your try which arrive in your wallet

I have a part of TRX on the account of Poloniex and Binance. In this case, the accrual is made even on the balance that is in the open orders. The difference is that on Poloniex the payment is made 2 times a month, and on Binance 1 time for the same period. I believe that this is very profitable if you hold TRX for a long period.


Title: Re: Should I stake my TRXs now?
Post by: B.wealth on July 18, 2020, 05:25:17 AM
Staking is a good way to multiply your token within few years, though I don't know how trust wallet Staking rewards looks like but am sure it will surely worth the wait, so I will advice you go ahead and stake your trx till you feel is the right time to sell off.


Title: Re: Should I stake my TRXs now?
Post by: ElmedoRator on July 18, 2020, 05:27:40 AM
My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there). 

Thanks in advance!
If you've bought them since the end of 2017, I think it's difficult for prices to return and help you recover your losses. But we will never know the future, so you can keep holding it and wait if you believe in the project.


Title: Re: Should I stake my TRXs now?
Post by: shoreno on July 18, 2020, 05:37:26 AM
If you've bought them since the end of 2017, I think it's difficult for prices to return and help you recover your losses. But we will never know the future, so you can keep holding it and wait if you believe in the project.

in the end of the year 2017 the price of the cryptos started to go down so if ever he bought his trx by that time he is fine but judging his post he said he is waiting for a good pump so i believe that he bought it in the middle of the pump on the year 2017 and unfortunately he got caught out by the dip  .  his best bet is that he can stake it for more faster profits   . hodling and waiting manually can be tiresome especially that we are on pandemic where people dont expect a good increase these times  .


Title: Re: Should I stake my TRXs now?
Post by: L A R A on July 18, 2020, 08:55:11 AM
My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?

I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there). 

Thanks in advance!
As far as I know if we hold TRX we will get several tokens like JST and BTT every few months, but I don't know if if we do staking for TRX we will still get BTT and JST. If the opportunity is lost in my opinion it's better not to do staking.


Title: Re: Should I stake my TRXs now?
Post by: RabbiTANK on July 18, 2020, 10:59:15 AM
Holding Tron in your private wallet without staking can earn you some other coins, it's rewarding holding Tron and it's also not bad if you plan to stake your Tron too, I prefer holding because price pump can happen at any time and you might be stuck trying to unstake


Title: Re: Should I stake my TRXs now?
Post by: cheezcarls on July 18, 2020, 11:08:23 AM
I would greatly appreciate all of your opinions here. Some of you said I should stake, while there’s a suggestion that I should lend, etc. I am still taking my time to decide whether I stake, lend or just stay as ease though.

I do have Ledger Nano S in my possession, so I can transfer TRXs here from Binance and stake it afterward. But yeah, who knows if TRX later on would be huge in the long run. I am not shorting TRXs though even if it dumps big time after the 2017 greatest pump. I’m gonna long it anyways.


Title: Re: Should I stake my TRXs now?
Post by: Hairynipples on July 18, 2020, 11:13:11 AM
I would greatly appreciate all of your opinions here. Some of you said I should stake, while there’s a suggestion that I should lend, etc. I am still taking my time to decide whether I stake, lend or just stay as ease though.

I do have Ledger Nano S in my possession, so I can transfer TRXs here from Binance and stake it afterward. But yeah, who knows if TRX later on would be huge in the long run. I am not shorting TRXs though even if it dumps big time after the 2017 greatest pump. I’m gonna long it anyways.

I've been staking TRX on my ledger for months and have no intention of selling at current prices. The only downside is it appears if you hold TRX on a ledger you miss out on the monthly BTT airdrop


Title: Re: Should I stake my TRXs now?
Post by: Gotumoot on July 18, 2020, 12:08:18 PM
I think it is better than just holding and it seems that you don't have a plan to sell it so it is better to stake it rather than just letting it sleep on your wallet.
At least you are earning while keeping your TRX the price doesn't seems to be growing so if you wouldn't sell it then go stake it and earn while waiting.


Title: Re: Should I stake my TRXs now?
Post by: FanEagle on July 18, 2020, 02:02:27 PM
My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.

I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?
I have bought big amount of TRON by the times of early 2019 when they announced their about monthly giveaway of bittorent tokens for TRON holders. I have bought and I just leave off them in the local exchange and I am collecting BTT tokens every month for almost zero value and TRON has fallen up to 4x hence I'm not having any other option except continue holding them.

I guess it would be really a great idea if there are options for staking TRON safely; like you I am also gathering information about staking TRON in Trust wallet and also I read that Kucoin exchanges are also offering staking options for TRON with some different interest rates than Trust wallet.

except TRON daily rewards or smart contract ponzis out there. 

What is daily tron rewards? I am sorry I have not heard anything like that even I am holding Tron for more than a year. But, I do get worthless tokens into my addy just for the reason of holding Tron. If you could add more information on this, that would be really helpful for me to make use of any stuff, I have been using out for years.


Title: Re: Should I stake my TRXs now?
Post by: cheezcarls on July 18, 2020, 02:05:38 PM
I would greatly appreciate all of your opinions here. Some of you said I should stake, while there’s a suggestion that I should lend, etc. I am still taking my time to decide whether I stake, lend or just stay as ease though.

I do have Ledger Nano S in my possession, so I can transfer TRXs here from Binance and stake it afterward. But yeah, who knows if TRX later on would be huge in the long run. I am not shorting TRXs though even if it dumps big time after the 2017 greatest pump. I’m gonna long it anyways.

I've been staking TRX on my ledger for months and have no intention of selling at current prices. The only downside is it appears if you hold TRX on a ledger you miss out on the monthly BTT airdrop

And what about the monthly BTT airdrop? Is it on the Binance staking? Or other wallets? I had no idea about that monthly airdrop you said. Thanks!


Title: Re: Should I stake my TRXs now?
Post by: aemma on July 18, 2020, 02:21:11 PM
You had a reason for holding till now and therefore if you believe staking won't change your mindset later on then go for it. Since it is just staying in the wallet dormant and you have the urge to stake it, then I would say you stake it as it is better than just holding in this case. Also, I try to understand your point of view probably why you haven't considered staking all this while; I have understand that most people don't like staking they just prefers holding so as to be free from unforseen circumstances, but in this situation I would say you stake it. Another reason why I support the staking is that, it can easily be done with trust wallet.


Title: Re: Should I stake my TRXs now?
Post by: fuer44 on July 18, 2020, 02:30:57 PM
it can be a good way, because in the middle of this pandemic we cannot freely leave the house or area. many restrictions, and the most effective way to make money is from home. and trading can be the right choice for the current situation. although the market is still down, I think you need to try it by looking at the chart and the possibility of an increase that can occur.


Title: Re: Should I stake my TRXs now?
Post by: sarmrakib on July 18, 2020, 02:34:54 PM
TRX is always a good token to stake .I think its still on low price you can stake it but it could be so better to stake on past as you said you are holding from 2017.


Title: Re: Should I stake my TRXs now?
Post by: tsaroz on July 18, 2020, 03:27:24 PM
I've been following TRON for a while and they have an impressive growth specially on the number of dapps that are coming out every day. Tron's price too have increased a lot and I'm already cashing in the profit. I have also invested in tron related dapps, mostly the gambling ones for some profit. The high risk dapps too are a fun to try but everyone should know that they are ponzi that would stop providing coins when they have no enough new deposits.


Title: Re: Should I stake my TRXs now?
Post by: Shohag123 on July 23, 2020, 01:44:11 PM
If you want to hold tron for a long term and if you have a strong feeling that price will be increase then you can stake your Trx coin.When holding the coin if you get rewards then why not?I think its not late and you can use trust wallet or Atomic wallet for staking tron.And I think you bought tron for a higher price so naturally you are in loss.So without holding you can't do much.You can just wait for tron to rise and with staking you can earn extra tron which will be very helpful.