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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: DanielBroonze on August 21, 2021, 10:07:22 AM



Title: Is Staking Coins a Good Idea?
Post by: DanielBroonze on August 21, 2021, 10:07:22 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.


Title: Re: Is Staking Coins a Good Idea?
Post by: asriloni on August 21, 2021, 10:33:05 AM
APY means yearly interest for your coin that staked in the network. Staking is a good idea but you must have known about all of the risks. When you're staking and you must try to stake on the platform that will not lock your token and did vested for your reward.

How much you can earn from your staking totally depend on how much APY that already offered by the staking platform. More APY and you will get more token as the reward for your staking activities.

Let's say you will get 120% APY and when you're doing staking for a month and you will be earning 12%, 6 months you will be earning 60%. When you are fully staking your amount for a year and you will earn 120%


Title: Re: Is Staking Coins a Good Idea?
Post by: Boomber on August 21, 2021, 02:23:27 PM
staking is a good idea, because if you hold coin that you have for the long term, then it is the right choice for you do staking, because you can get passive income from staking and in my opinion staking is also safe, so you will not experience any loss from staking (as long as the price of coin that you are staking does not go down), then the longer you choose the time period for staking, then APY you get will also be higher, because APY depends on the time period you choose for staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: semobo on August 21, 2021, 02:40:03 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is not actually for someone who is looking to make money with their capital, its only for someone who is already having huge amount of staking and don't know what to do with their money so they can stake and get very little returns per year. So you have to hold your coins for a year to get that return but while holding period the value of your coin may fall 50% or rise 50% so understand the risk associated with that before staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: blockman on August 21, 2021, 03:52:02 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
It is good if you will not use the coins you're going to stake for a year. The greater return is needed to be held there for at least a year. Some staking wallets will give you the daily profit/interest that you have based on the quantity of coins you're buying.
But there are also holders that don't like to stake because instead of staking it, it's better to hold it because you're free to do and move it anytime at your will. Because some staking requires you to lock on your deposit through an exchange.


Title: Re: Is Staking Coins a Good Idea?
Post by: ivankoh on August 21, 2021, 04:06:23 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is a good idea, it really makes sense for wide angle defi platforms.  Depending on the perspective of the protocol and the smart contracts set up, I have tried staked/farming on some defi projects on Polygon but the results are really disappointing, defi face is deflation but it  changed the meaning completely when there were so many opportunities to manipulate prices and rugs.  Currently I bet with Sovryn, the value(APR/ APY) of stakes on their protocol depends on “vesting power” which means the more you use the platform, the higher the benefits.  It has deflation by splitting the reward with a 10 month translational vetting.  Maybe my choice doesn't make much sense but I advise you with any form of stakes to choose quality projects and not indulge in time.


Title: Re: Is Staking Coins a Good Idea?
Post by: Rigon on August 21, 2021, 04:22:53 PM
What is stacking and how to do it? What is API and how much interest can be obtained by keeping it for a long time?When you deposit a coin with a certain time, that is stacking. And API is how much interest you are getting as a result of your deposit. If you do this for 30 days 60 dayes days and 90 days then you will get interest like the picture given below. As I explain with some pictures below

https://i.imgur.com/kPTnOrU.jpg

https://i.imgur.com/zBh3tyf.jpg

https://i.imgur.com/5AlyRgb.jpg


Title: Re: Is Staking Coins a Good Idea?
Post by: Wakate on August 21, 2021, 04:26:20 PM
A lot of persons are writing Staking is good but do not forget that it has it own hidden risks that is attached which one need to be prepared against. Only Stake what you can afford to lose, not just staking all your earnings because of the enchanting benefits that is attached.

Do not forget that when staking your coins, there is high probability that the site can be hacked and all your earnings might disappear in a single seconds which is why many experience investors always prepare for the worse before engaging in staking of coins.


Title: Re: Is Staking Coins a Good Idea?
Post by: Tytanowy Janusz on August 21, 2021, 04:47:36 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Only if you you hodl this coin. You should never buy coins for staking. You should buy them when you know that its a great project that you checked and want to invest. Staking is only an extra few % annually. Its nothing comparing to monthly price amplitude ... not even saying about annual price amplitude that can go from -100% to x100.

And check from where rewards come from. Some coins are paying high rewards (>100%) but coins comes from distribution of new coins what cause inflation which burn all your gains because at the end of the day it does not matter if you hold 1000 coins out of 10 mln that exist or 2000 coins out of 20 mln after a year of staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: cricketkhampion on August 21, 2021, 05:08:06 PM
In my opinion, it's good to invest in staking coins because these coins having two benefits
1: staking profit
2: due to staking supply will be limited and prices go in big profit


Title: Re: Is Staking Coins a Good Idea?
Post by: Baimovic on August 21, 2021, 05:35:17 PM
Currently I am also staking on several platforms and now it has been running for 1 month, maybe the passive income generated when we do staking is seen from the number of tokens and APY provided by the platform, so even though the value is only a little then when we staking it will only add a little of our monthly results and maybe our income will be bigger if we do staking with a value of $ 1000 maybe that's the right capital to start.

I think it would be better for us to keep the asset at stake rather than just leave it in the wallet but provided that we are staking tokens that are good and the risk is low.


Title: Re: Is Staking Coins a Good Idea?
Post by: istiak2277 on August 21, 2021, 05:56:51 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Staking is a good way for some passive income but you should know about how it works. There are different types of staking methods like you can stake your token and will receive some other token as a reward. You can put your coin in proof of stake so that you will earn that same coin by helping that blockchain to run. It will be better not to stake your token for a fixed time like 6 months or 1 year if it's not a stable coin. You could take losses if the market crash.


Title: Re: Is Staking Coins a Good Idea?
Post by: Bazlur on August 21, 2021, 06:07:54 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
I personally don't like staking.  Because here your asset will be locked for a long time. You can't use your asset even if you need to. And the longer you stack, the more interest you will get.


Title: Re: Is Staking Coins a Good Idea?
Post by: danherbias07 on August 21, 2021, 06:10:17 PM
You must first look for a coin that is worthy to be held for a long time. Because it won't make sense if their project is near failure while your staked coins are still locked. Yes, most stake rules are locking your coins until a certain time. But I think Binance has a platform that lets short-term liquidity. You might want to look there.
Still, you will need to pick a coin. Do you have anything in mind now that looks good to you? If so, you should've added it with your OP too and it might help for a more detailed replies.
It's a good idea for me but you should also be cautious about what you will stake and the staking platform.


Title: Re: Is Staking Coins a Good Idea?
Post by: bitcoin-shark on August 21, 2021, 06:57:30 PM
staking is a valid alternative to trading the gains are lower but also the risks are low if you have a large sum of an altcoin you can make interesting gains, the api of the stablecoins are at least double of those offered by traditional banks


Title: Re: Is Staking Coins a Good Idea?
Post by: cryptoknows on August 21, 2021, 07:01:12 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is tricky and there are a lot of factors to consider. You can get huge APY resources that can be scaled up. But now this is only relevant for large token holders. But you can try stacking inside the Near protocol ecosystem. You don't get a big APY, but if you are sure that the price of the project token will grow, then its staking is an additional pleasant bonus for the holder. As for higher APYs, try looking for an interesting pair on sushiswap, in this bull market you might be able to find a great rate without losing money in the value of the locked token.


Title: Re: Is Staking Coins a Good Idea?
Post by: Rengga Jati on August 21, 2021, 09:26:57 PM
Staking will be a good idea if:
- We are not trading them, it is more for the long term investment
- The price of the coins is still dropped and still under the rate that we bought, I personally will prefer to stake it while waiting for the increasing price.
- The APY is interesting and also reasonable enough.

The length of staking will be different among the exchanges or platforms.
I found it starting from 7 days to several months.
However, most, long time we are staking, the calculation will be higher than we are only staking in a shorter time.


Title: Re: Is Staking Coins a Good Idea?
Post by: DoublerHunter on August 21, 2021, 09:40:05 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
^ There are too many factors to consider before we can say staking is a good idea, we should have to choose a well reputable and legitimate exchange were to trust to hold our fund before considering leaving our asset there. I still believe in the golden rule of crypto, not your key, not your coin which is if staking is you must fully trust the platform you have to choose. Regarding how much profitable it is, yes, it is very profitable but it's quite a risk too.
I have one question, is staking in Binance belongs to the SAFU service? Which is your fund deposited to have a guarantee that safe?


Title: Re: Is Staking Coins a Good Idea?
Post by: Handsome Boy on August 21, 2021, 09:41:27 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

how can you ask if staking coins is a good idea? of course it's clear that staking is a very good idea, because without having to trading or anything, then you can earn money every day, so of course staking is a very good idea and definitely profitable for you, then a period of time such as 1 month, 3 month and 6 month is the time that you choose to hold your coin in staking and the longer you hold your coin in staking, then of course it will make the APY that you get will be even greater.


Title: Re: Is Staking Coins a Good Idea?
Post by: CaVO32 on August 21, 2021, 09:44:32 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

how can you ask if staking coins is a good idea? of course it's clear that staking is a very good idea, because without having to trading or anything, then you can earn money every day, so of course staking is a very good idea and definitely profitable for you, then a period of time such as 1 month, 3 month and 6 month is the time that you choose to hold your coin in staking and the longer you hold your coin in staking, then of course it will make the APY that you get will be even greater.


It is only good if you choose a very good platform. Because in time, the initial APY offered may go down day by day depending on factors like how many stakers are joining, the profits of the platform and others. Not every staking coin is good to invest with. Look for platforms that have real use case with active market. Because if they will rely on stakers alone for possible profits, the platform can easily die and so your passive income is gone.


Title: Re: Is Staking Coins a Good Idea?
Post by: RussianEnglishTranslation on August 22, 2021, 05:57:14 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is a really good idea, I stake Celo for 5%, NEAR for 11% and ETH for 5%.


Title: Re: Is Staking Coins a Good Idea?
Post by: Pelana vreo on August 22, 2021, 07:33:03 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
There are two options if you want to stake on a crypto exchange, stake on a DEX or CEX exchange? there are many options, I always look at high APY before staking, choosing a platform that has been audited by Certik or other audit team to be able to convince me before staking on the exchange.
you can choose the duration of staking you want, 30 days or more, make sure you choose a trusted platform before planning to staking,I use binance exchange for staking


Title: Re: Is Staking Coins a Good Idea?
Post by: riskarcher on August 22, 2021, 09:22:05 AM
If you expect profit for short-term staking coins is not a good idea, but if you are looking for profit for the long term and like HODL it is the right decision. For staking coin this usually has a variety of percentages. but for the choice of staking coin is the best choice, but if I recommend if you staking coin choose a long duration of staking because the percentage of profit obtained is quite large. Usually staking coin applications between 1-3 months


Title: Re: Is Staking Coins a Good Idea?
Post by: meanwords on August 22, 2021, 11:47:40 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

There's actually lots of good altcoins in the top 100 that you can use to stake and gives a decent reward, you should start with that. Usually coins go with 10% apy but that's more or less depend on the coin that you are going to invest in so you should research before you stake a certain coin.


Title: Re: Is Staking Coins a Good Idea?
Post by: michellee on August 22, 2021, 11:50:24 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is still good and profitable, but that will depend on what coin you want to stake because not many coins can give you a good return in the short or long term. We know that many projects offer the investor to stake their coin or token for some period, but if the price of the coin or token does not increase, that will be a waste of time. If you want to stake a good coin or token, the price already increases so high and if you still want to buy and stake the coin or token, that will cost you a lot of money. Maybe that will depend on how much your budget to stake and which coin or token you will choose.


Title: Re: Is Staking Coins a Good Idea?
Post by: Rampagoe004 on August 22, 2021, 12:26:54 PM
Many investors who do Staking and they risk in the long run, although there is risk but the profits obtained are also not small, so before doing Staking we have to see first the coins we want to hold this is done to reduce risk, the longer in doing Staking then the APY obtained is also very good, this you can try because this is a very good idea.


Title: Re: Is Staking Coins a Good Idea?
Post by: Shallow on August 22, 2021, 12:41:52 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Staking is very good, in fact it is one of the most interesting features which comes with DeFi, that is, in addition to being a long term holder of a coin or token, you can stake it and also earn passive income from it, however this income will depend on the amount you invested in the staking coin.
However, many projects are already using this staking features to defraud their investors, first they offer a very high and attractive Apy which will make a lot of people to buy and stake and then they slowing exit scam. That is to say, in addition to staking being good and attractive, make sure you go for good staking platforms, don't be moved by high apy that you invest in scam platform, but pay attention on those which have being around for a long time with proven success records, and a good example is pancakeswap, you can make more research about it.


Title: Re: Is Staking Coins a Good Idea?
Post by: Mohsin420 on August 22, 2021, 01:30:35 PM
Yes staking is a good idea we can get a great benefit from staking but always stake in top and best project then we get benefit in both way first we also recieved reward from staking second if we stake in best project then coin price increase we also get a great benefit from this


Title: Re: Is Staking Coins a Good Idea?
Post by: llecrf on August 22, 2021, 01:40:44 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Passive income, Staking on agricultural platforms like the one on this list is a great way to earn profits https://www.dapp.com/search_product?keyword=Yield
I've been staking on CEX exchanges like Bithumb and Cointiger, so far I haven't had any problems, everything is working fine and I can withdraw the staking coins after the staking program ends.


Title: Re: Is Staking Coins a Good Idea?
Post by: RealMalatesta on August 22, 2021, 03:01:59 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
You will hear about rumours more frequently rather than facts.

Even you will be staking for 10 years, you may not get your invested money back in terms of BTC or USD values. Those APY calculation are only in altcoins/tokens but their value will decrease over the time hence you WILL NOT get back your capital for sure.

I tried many POS and master-node things but none of them were profitable for me. Probably if ETH introduces POS coin then it may change my opinion on staking still I am not sure that ETH will ale to hold its market as of now as there are lots of similar projects are everywhere these days.


Title: Re: Is Staking Coins a Good Idea?
Post by: Mamun74 on August 22, 2021, 04:17:58 PM
I think staking coins good idea,coz staking is The good way to get profit for long term holding. We can get more profit from staking. Staking is definitely profile for passive income. Staking is good Being attractive, choose good coin/ token and trusted platform and go on.


Title: Re: Is Staking Coins a Good Idea?
Post by: alevlaslo on August 22, 2021, 05:39:10 PM
The best staking ecosystem https://bitcointalk.org/index.php?topic=5253491.0


Title: Re: Is Staking Coins a Good Idea?
Post by: Jilapikhamu on August 22, 2021, 05:43:27 PM
Yes staking good investment. But choose a trusted platform for staking and check their social media how they handle there Promise


Title: Re: Is Staking Coins a Good Idea?
Post by: Dread Pirate Roberts on August 22, 2021, 05:45:53 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Annual percentage yield (APY) rate of return on an investment for a year . mostly they will show you percentage you will get for staking or holding for 1 year with them . and that percentage is for 1 year . so you can calculated your self if you spend in some amount of money how much money you will get. good or bad idea you decide.


Title: Re: Is Staking Coins a Good Idea?
Post by: ranaprime on August 22, 2021, 06:21:32 PM
Yes staking is really good idea. Here most of the holders interested to staking. There are many staking platforms in the crypto market. They give you lucrative opportunities. According to your wish you can staking but be carefully form scammers.


Title: Re: Is Staking Coins a Good Idea?
Post by: Stunzz on August 22, 2021, 06:33:09 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Staking has been one of my favourites plan in the Crypto world. I enjoys and prefer to stake for how long I want because that's been my escape plan so far, since I don't yet understand the basic to trade for interest.


Title: Re: Is Staking Coins a Good Idea?
Post by: Rexler on August 22, 2021, 07:29:36 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Yes, you can get some percentage of reward when you stake your coins, I actually find it really userful as it helps to build more confidence  in a project and also make you earn some rewards from the big bag you've in possession, I love it more because for me staking is just a good way to hold your long-term coin and still earn more coins from it, although the APYs are not that massive, but it's better than holding your coins in your wallet for a whole year and end up now receiving any reward.


Title: Re: Is Staking Coins a Good Idea?
Post by: rosenbauer02 on August 22, 2021, 08:07:33 PM
Staking your crypto is a good idea as long as you don't have problem with the site. As the previous post stated that some sites will locked your funds. Sure staking does let you earn profit but you still have to do some research before staking but these research are mostly on sites if you are safe when you stake your funds.


Title: Re: Is Staking Coins a Good Idea?
Post by: Chathusand on August 22, 2021, 08:17:19 PM
Check out the pancake swap. There are thousands of different coins for staking, all of which offer 100% or more PYR, but always check for good coins for staking, and there are no lock rules, so you may unlock your coin whenever you want. Although the APY is not greater, I encourage staking with Cake because the price is good and rising every day.


Title: Re: Is Staking Coins a Good Idea?
Post by: ogundowotoby01 on August 22, 2021, 09:58:39 PM
Staking of cryptocurrencies as opposed to simply holding is generally a good way to invest because with more coins using the proof of stake algorithm and also the availability of safe and secure staking platforms out there, staking gives a unique opportunity to earn cryptos without investing heavily in cryptocurrency mining. Generally i prefer staking to mining


Title: Re: Is Staking Coins a Good Idea?
Post by: kevindjunaidi on August 22, 2021, 10:36:00 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

staking is the same as depositing in a bank, so of course I highly recommend staking, because coin that you have will continue to grow if you do staking, then staking usually has a choice of time to hold and the longer you choose the time to staking, then APY that you get will be higher.

you can check and learn about APY at
https://en.m.wikipedia.org/wiki/Annual_percentage_yield (https://en.m.wikipedia.org/wiki/Annual_percentage_yield)


Title: Re: Is Staking Coins a Good Idea?
Post by: DarkDays on August 22, 2021, 10:40:19 PM
APY means yearly interest for your coin that staked in the network. Staking is a good idea but you must have known about all of the risks. When you're staking and you must try to stake on the platform that will not lock your token and did vested for your reward.

How much you can earn from your staking totally depend on how much APY that already offered by the staking platform. More APY and you will get more token as the reward for your staking activities.

Let's say you will get 120% APY and when you're doing staking for a month and you will be earning 12%, 6 months you will be earning 60%. When you are fully staking your amount for a year and you will earn 120%

I agree that as long as you have your tokens and not willing to sell for some time then staking is a great option to earn while holding your coin/s.

Yes, the APY depends on the number of people that stake on the platform, so the more people to share the rewards the lower the APY per person becomes. As for the period of staking, there isn't a particular timeframe that's better over the other as this depends on you, but usually the longer you stake for the higher the APY because you take a higher risk by technically locking your coins away for longer.


Title: Re: Is Staking Coins a Good Idea?
Post by: Vaculin on August 22, 2021, 11:23:11 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking was a good idea if you just hold it. With a higher APY, you will earn money while holding but the risk is still high knowing that you handed over your coins to a third party or exchange which is now in control. If you are choosing a reliable exchange like Binance, that seems to give you some comfort and less worries about losing it.

A lot of people doing this so it means that this really works. Why not try? But never expect that staking will double your money nor it makes you rich, well, that only it gives you some returns which are fair enough rather than it stays in banks.


Title: Re: Is Staking Coins a Good Idea?
Post by: Clement Kaliyar on August 23, 2021, 12:01:39 AM
Started out staking a few coins in some of the exchanges and now i am staking in good projects. Initially i was skeptic about staking and the risk that involved when you are providing liquidity or stake but once exchanges started to provide the staking facility i tried it a few times and then became confident and i am staking a few thousand dollars in multiple projects and i am good with the profit i make just by holding them  ;D.


Title: Re: Is Staking Coins a Good Idea?
Post by: Fredomago on August 23, 2021, 12:14:53 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking was a good idea if you just hold it. With a higher APY, you will earn money while holding but the risk is still high knowing that you handed over your coins to a third party or exchange which is now in control. If you are choosing a reliable exchange like Binance, that seems to give you some comfort and less worries about losing it.

A lot of people doing this so it means that this really works. Why not try? But never expect that staking will double your money nor it makes you rich, well, that only it gives you some returns which are fair enough rather than it stays in banks.

If you have spare money, then why not try it by yourself, staking is good, as mentioned in those posts above. It generates additional profits while holding your coins.

If you are not planning to sell your coins in a short-term period, then staking is indeed good to earn extra.

Keep in mind that it can be good, but there are also some bad sides. Risk always there as you are holding coins which unsure whether it will grow or be dumped soon.


Title: Re: Is Staking Coins a Good Idea?
Post by: Sayeds56 on August 23, 2021, 12:53:19 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Staking is a good idea without any doubt, by staking you not only get staking reward but also price gains if your staked coin price goes up like what happened with cake, its price increased more than 10X i and investors have made huge profis in staking but you have to choose good platforms like Pancakeswap which is well reputed platform and rewarded its investors with huge profit since 2020. The time duration of staking is generally determined by the platform, once it expires you can switch your funds to other coins available for staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: TastyChillySauce00 on August 23, 2021, 05:39:50 AM
As long as you choose the great project, staking is a good option to avoid you from selling it because panic.
Also, stake will enable you to earn some passive income, with the power of compounding you can be amazed with the result.
Staking is good for passive income as you said, but it depends on the project. However, staking BNB also usually can give good profit because usually there is a new project that offer their token for BNB holder to stake their BNB and give them free token, but it can also give a big reward or the token will have really small price, like recently NFT games token that become popular, some of them give reward for staking and offer free NFT token for playing games.


Title: Re: Is Staking Coins a Good Idea?
Post by: DonFacundo on August 23, 2021, 05:41:24 AM
yes staking coin is a good idea it is the best passive income. Try to visit in pancakeswap exchange there are many coins to stakes, I already staked in pancakeswap which is the cake coin and I'm satisfied with my earnings, especially the cake price is increasing and so my earnings also increasing. So it's a bonus when the price of a coin increase.


Title: Re: Is Staking Coins a Good Idea?
Post by: Woodie on August 23, 2021, 08:25:13 AM
Between staking and just holding your coins, it would be better to go with staking as an option to grow your coins not only in terms of value but quantity too . The only downside to staking is if coins are locked up for a certain period and there are bull runs along the way you can't cash out your coins to enjoy your profits until conditions are met otherwise you lose you interest on your staked coins if you prematurely withdraw.


Title: Re: Is Staking Coins a Good Idea?
Post by: lenovop-70 on August 23, 2021, 12:09:18 PM
Staking is good idea for who didnt want take big risk, theres two types of staking, flexible and fixed staking period. Flexible staking allow you to unstake anytime before your coin due date (with recalculate), and fixed staking did not allow you to unstake before due date, no matter what.
Maybe you want to try other safe option besides staking, try farming your coin in Pancakeswap or other platform alike, i think its more profitable for your investment with bigger APY.


Title: Re: Is Staking Coins a Good Idea?
Post by: imstillthebest on August 23, 2021, 12:21:07 PM
i think thats two they gave aside from apy but i forget the term for the other one but both of them means profit . staking is becoming a booming business right now so i guess it was profitable if done correctly .
if im correct,  the duration of the stake is depending on the platform your staking with. imo its okay to stake longer if the coin and the staking platform are trusted enough or existing for many years .


Title: Re: Is Staking Coins a Good Idea?
Post by: kram31 on August 23, 2021, 01:43:05 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

As of the moment I could say that staking coins now is good as long as the exchange platform is legit, and one of the good example
for staking coins are Biswap, Pancakeswap, Binance, and more. But of course you can do your own research before doing it mate.
Just make sure the coins your planning to stake in has a real potentials in the market.


Title: Re: Is Staking Coins a Good Idea?
Post by: Malam90 on August 23, 2021, 02:15:23 PM
Staking is a good idea of passive earn by holding crypto but it has risk too. High APR sometimes causes the price fall but staking and holding good coins/tokens can generate some passive income in times of bearish trend. Now staking is popular way and i am also staking few tokens like CAKE, BABY, SOKU, CHERRY which is good income source for me in this time and also enjoying bullish market. So staking is a booming way for risk takers.


Title: Re: Is Staking Coins a Good Idea?
Post by: Fredomago on August 23, 2021, 02:29:57 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

As of the moment I could say that staking coins now is good as long as the exchange platform is legit, and one of the good example
for staking coins are Biswap, Pancakeswap, Binance, and more. But of course you can do your own research before doing it mate.
Just make sure the coins your planning to stake in has a real potentials in the market.

Always do your research and it will save you time and lessen the chance of losing your money in this kind of investment,
as staking is also part of investment in a passive way.

If you are planning to hold a coin and you trust the team, it will extend your time holding as you see that their stake growth to your coins.

Make sense if you fully understand and you'll entrust your money with this kind of business.

Additional profits while waiting for your coin to pump.


Title: Re: Is Staking Coins a Good Idea?
Post by: sarmrakib on August 23, 2021, 02:38:32 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
The staking plan is actually made by the team of the project .Staking is always a good idea to gain profit and make healthy your wallet .One other thing you have to choose the potential coin to stake if you fail to choose that you can make losses .So always research enough before staking your coin/token .


Title: Re: Is Staking Coins a Good Idea?
Post by: Rb48 on August 23, 2021, 03:59:25 PM
The future of staking coins is much better. The future of Swastik Coin is fairly good and the team has an idea to think of something huge in the future. You can invest by buying staking coins and doing staking Can keep. Staking will give you some extra bonuses. I like staking because all these coins are not likely to be destroyed.


Title: Re: Is Staking Coins a Good Idea?
Post by: TWW on August 23, 2021, 04:03:49 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
The staking plan is actually made by the team of the project .Staking is always a good idea to gain profit and make healthy your wallet .One other thing you have to choose the potential coin to stake if you fail to choose that you can make losses .So always research enough before staking your coin/token .
one more thing to consider I think is where we stake.
now we can see many new projects also provide a staking feature with a high-profit offer. we must be able to choose the best for our stake.

some token staking sometimes does airdrop by getting new tokens or NFT.
this is very profitable. I also do some staking like ApeSwap and Sovryn.


Title: Re: Is Staking Coins a Good Idea?
Post by: agg2702 on August 23, 2021, 04:39:51 PM
In my opinion, it's good to invest in staking coins because these coins having two benefits
1: staking profit
2: due to staking supply will be limited and prices go in big profit
but you don't forget about the risks too, it's true that staking can make us to and get passive income continuously but don't forget the risk in choosing which coins to stake because not all coins can be profitable when staking other than that it also needs a long term The time is quite long and it is important to choose coins that can really be profitable, you have to be observant because maybe now when you start early it is profitable but when it has been running for several months it is the opposite.
because this kind of thing does not necessarily all coins get a big profit when staking needs consideration and research to do this so as not to make the wrong choice


Title: Re: Is Staking Coins a Good Idea?
Post by: Snappycoco on August 23, 2021, 04:45:22 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
If you believe in the project, then the answer is yes. Specially when the project is so early and developments are still undergoing, it is good to stake for you to earn more once development is done. However, the risk are always there. Many staking platform slashes your funds when you unstake earlier than your anticipated ending date. You could lose some of it so beware.


Title: Re: Is Staking Coins a Good Idea?
Post by: LGD2Business on August 23, 2021, 04:59:34 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Staking coins are good because you don't have to trade daily or weekly. Instead of that you can earn staking rewards similar to interest, you can sell them and buy other coins. That way you still have your original investment as same amount of coin and you can do trading with your interest. I do this in CAKE specifically, it gives almost %100 APY in CAKE pool in pancakeswap.finance original site.
Don't use fake sites and don't put money more than you can afford to lose then you are good to go. People lose too much money on fake sites and copy projects. Always use the best ones. On Uniswap you have a lot of choices and on BSC side you should use Pancakeswap and their token CAKE. I heard Apeswap is also good but I didn't use it.


Title: Re: Is Staking Coins a Good Idea?
Post by: Orange89 on August 23, 2021, 05:10:53 PM
STAKING is really an amazing idea it help your portfolio to grow but the most important factor that depend upon is APY /APR/ROI the more of these factor the more you will able to earn , their is also Lock staking in which your token. Is locked for a particular time in these time you can't Withdrawal your token it is complete locked for given time and after that time you will get a bunch of tokens depends on the APY
So conclusion it is good idea only drawback is your token price if came down they you don't have that much profit


Title: Re: Is Staking Coins a Good Idea?
Post by: NeverSop on August 23, 2021, 05:47:43 PM
Staking is an additional expansion option for the Hold demand to expand the benefits for those who invest in the project's platform.  There are many types of staking depending on the level of trust or interest in APY.  staking is also applicable to market creation/pool bets singly or in combination with farming.  Personally, I am a long-term investor so my view on the staking is ideal.  Currently, Staking has really outstanding benefits compared to borrow or lend


Title: Re: Is Staking Coins a Good Idea?
Post by: dezoel on August 23, 2021, 06:14:10 PM
Depends on what you are staking. However do not forget that if you are not making money while sleeping then you are never going to be rich, the path to being rich goes from making money while you are sleeping, your money should make money for you and for that staking is a great method.

I have been staking at cake for a while and I am quite happy with the results, it is not a lot of money like some other staking offers but those tokens usually end up being nothing at all, whereas what I am making here is not big but it is definitely a steady income method and I am quite happy about it as well. The path is to find the balance there, it should not be huge enough that it will fall down too much and drop the price, but it should not be very little that you do not make nothing neither, you just need to find that middle ground and I believe I got that with cake.


Title: Re: Is Staking Coins a Good Idea?
Post by: harapan on August 23, 2021, 06:34:31 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
The staking plan is actually made by the team of the project .Staking is always a good idea to gain profit and make healthy your wallet .One other thing you have to choose the potential coin to stake if you fail to choose that you can make losses .So always research enough before staking your coin/token .
Yeah, right to say that staking plan or APY percentage is always pre-determined by the team, higher APYs are offered to people who stake for a really long time while for short term it's a lesser APY, staking is really nice but choosing the right coin to stake is even more important than anything, cause if you decide to stake a coin that doesn't have potential to last in the future you will only end up getting losses, coins like eth, cake and Near are really good to stake, although I'm staking Near for 22% APY on Binance, since I don't have 32 eth to stake eth.


Title: Re: Is Staking Coins a Good Idea?
Post by: barbara44 on August 23, 2021, 08:34:23 PM
Staking is the means of earning in crypto currency, which is lucrative means of earning income without streess (Passive Income), the basis before staking is to do personal research, before staking and consider the rate of return, after its a good idea to stake
Coins that work on the POS (staking) usually lose their value in the long run because the rich get richer and will dump a large number of coins in the market each cycle. If you are staking a coin either make sure the returns are great or the value of the coin is preserved in some ways, either by development or use cases.

I personally don't like staking but I have seen guys making a good amount of money from staking alone, but they have good capital to do it. Also, there are many Ponzi schemes that look like staking sites so be very careful.


Title: Re: Is Staking Coins a Good Idea?
Post by: MoisesTFX on August 23, 2021, 11:25:05 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Well, that depends a lot of course, although I consider that in general the best investments are long-term. In this case, we are talking about Staking, it is not a simple investment but something else that will give us interest, depending on the currency and all that plan can vary the percentages and that profitability that it has over time.

It happens that some Proof of Stake contracts give you the daily, weekly, monthly or even annual reward there may be. In the case of $ DIVI, which is one of the best stakes that I have seen in a fairly complete altcoin, weekly it will give you its reward being able to take control of all your DIVI from the PC by installing the app that is quite useful and I do not regret it at all since I end up being one of my best investments for the little effort it requires is great passive income.

You can find more information on their website or social networks https://diviproject.org


Title: Re: Is Staking Coins a Good Idea?
Post by: princeyeboah on August 24, 2021, 07:23:34 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Yes, staking is a good idea because it's a simplified form of Proof of work where a lot of energy and complex computers were needed to setup. Staking assets like Divi only requires their wallet and your Divi coins. The wallet interface is simplified in a way that everyone can use.


Title: Re: Is Staking Coins a Good Idea?
Post by: bamb on August 24, 2021, 01:00:23 PM
Staking is when you lock up your coin in return for interest.  It is recommended for hodler to stake their coin if they  believe in the future of the coin.  Annual percentage rate is used to calculate what should acrue to your staking after you must have held for a certain period of time,  and this rate is different from coin to coin.  Staking earn you money in the long run and it is definitely a good idea!


Title: Re: Is Staking Coins a Good Idea?
Post by: goolesby on August 24, 2021, 01:14:32 PM
Staking is a great way to maximize your holdings in staking coins and fiat that should be in your Kraken account. Once you have staked your assets, you can earn wagering rewards on your holdings and grow them further by combining future rewards. You can earn rewards when you stake cryptocurrencies and fiat for a certain period of time as an incentive to acquire and retain the assets at stake. Some staking coins may require a bonding period. To get a staking reward, simply select the asset you wish to bet on and once you have finished tying it will be ready to start staking and earning rewards.


Title: Re: Is Staking Coins a Good Idea?
Post by: TastyChillySauce00 on August 24, 2021, 01:46:50 PM
some token staking sometimes does airdrop by getting new tokens or NFT.
this is very profitable. I also do some staking like ApeSwap and Sovryn.
NFT staking can be profitable, but NFT staking like NFT games will require us to buy land in the game to be able to stake but the reward for staking they offer for just owning land in game looks good although the land can be rare or expensive. But for the people who are lucky to be able to buy land in early stage of the game and get really cheap land they can make good profit by staking using their own NFT game land.


Title: Re: Is Staking Coins a Good Idea?
Post by: layoutph on August 24, 2021, 02:46:29 PM
As far as I know APY is the percentage per your investment will grow. Let say a coin in a staking has an APY of 50% meaning. In One year the coin you will stake will have a 50% profit, or 4% profit per month. So far better than the usual 4% per annum from banks.

Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.


Title: Re: Is Staking Coins a Good Idea?
Post by: glendall on August 24, 2021, 03:19:42 PM
Staking is a good way to earn passive income, in my opinion. but there are many things that need to be considered in staking, the main thing is choosing the right Crypto Asset. Here you should be able to decide which coins have a good chance of betting.
Staking coins is considered a cheaper and less risky way of taking part in the blockchain network validation process to earn passive income without having to constantly trade on your crypto assets. Moreover, it is an energy efficient and environmentally friendly way as it eliminates the need to purchase hardware for mining.


Title: Re: Is Staking Coins a Good Idea?
Post by: carlisle1 on August 24, 2021, 03:33:22 PM
some token staking sometimes does airdrop by getting new tokens or NFT.
this is very profitable. I also do some staking like ApeSwap and Sovryn.
NFT staking can be profitable, but NFT staking like NFT games will require us to buy land in the game to be able to stake but the reward for staking they offer for just owning land in game looks good although the land can be rare or expensive. But for the people who are lucky to be able to buy land in early stage of the game and get really cheap land they can make good profit by staking using their own NFT game land.

The one who managed to buy the cheapest one are those who generates more staking rewards,
It's always like that so make sure to invest or stake your money to right asset that may provide good rewards for your investment.

Staking needs to have further investigations and hard research, there are many available assets that offer this feature,

Staking can be both long term and short term investment, it matters in how good you understand the project.


Title: Re: Is Staking Coins a Good Idea?
Post by: BayAngelo on August 24, 2021, 03:37:14 PM
what i think about staking is that the more you stake, the more you earn and your investment increases. the more your reward or returns increasing only if you did not withdraw from the staking platform. choice is yours. How much you stake will determine how much you will make out of it. the more money you put in, the more you earn. some one mentioned about the staking platform, it is very important.


Title: Re: Is Staking Coins a Good Idea?
Post by: lumierre on August 25, 2021, 06:13:34 AM
Personally I consider staking to be quite a profitable thing. At first I tried new projects that promised enormous interests if you stake their native tokens and quite high APR if you stake other currencies. The thing is that you have to pay deposit fees usually that do not always pay off.
But you consider risks. It is not very safe to invest in new projects as it can be a scam, so it is better to invest in reliable projects (pancake swap, uniswap).


Title: Re: Is Staking Coins a Good Idea?
Post by: CaptainCrapper on August 25, 2021, 06:25:30 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is a good idea who want to invest long-term and risk-free you can take this staking system. I have some TRX on staking 90 Days On Binance exchange I am getting profit daily basis after one-week payment I am doing trade I think this is a very good idea for all trader and investor.


Title: Re: Is Staking Coins a Good Idea?
Post by: TastyChillySauce00 on August 25, 2021, 06:51:16 AM
I think staking coins good idea,coz staking is The good way to get profit for long term holding. We can get more profit from staking. Staking is definitely profile for passive income. Staking is good Being attractive, choose good coin/ token and trusted platform and go on.
Staking is suitable best for long term holding because while waiting for the price to increase it can help earning other tokens. But, if the staking lock the tokens, it will hold the token while price movement happening and that can cause lose therefore staking coins that's stable and not have too much movement is recommended. Right now land from game with NFT also allow staking, it seems it become popular because many people also wanting to buy NFT game land.


Title: Re: Is Staking Coins a Good Idea?
Post by: Lordshiva on August 25, 2021, 02:37:46 PM
Yes according to me staking the coins is a great idea and I encourage to stake in some good potential projects. I have done staking in projects such as CAKE they can be trusted and a giving good return. But main thing is do you own research before staking and it is a good idea.


Title: Re: Is Staking Coins a Good Idea?
Post by: topbitcoin on August 25, 2021, 04:27:37 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is good, as long the coin which you stake is good too. I mean pick coin to stake need research too because we wouldn't want while we stake our coin, the project being bad and coin is not have value anymore. Since past, staking is trend because people can stake a coin in their software wallet and then can sell it directly into market. But only good coin which still survived and not dead/delisted from market.


Title: Re: Is Staking Coins a Good Idea?
Post by: Fredomago on August 25, 2021, 04:37:22 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is good, as long the coin which you stake is good too. I mean pick coin to stake need research too because we wouldn't want while we stake our coin, the project being bad and coin is not have value anymore. Since past, staking is trend because people can stake a coin in their software wallet and then can sell it directly into market. But only good coin which still survived and not dead/delisted from market.
Way back, this staking offers gained attentions, I remember some like Stratis, Neo and lisk those are examples of those staking coins which still survive.

But now, with lots of new coins that offered same staking feature, you can use known and reputable exchange to do this for you, you don't need to keep your device always turn on but the exchange will let you enjoy the staking features.

And likewise, choose the right project before putting your money into this market. You don't want to see your assets to turn shit while you are expecting rewards. It will just waste your time and money in the long run.


Title: Re: Is Staking Coins a Good Idea?
Post by: Valak on August 25, 2021, 06:19:26 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

There are many places where you can stake your coins. Pancakes also provide greater returns to staking on their platform. But if one year later you will get a bigger profit from these results? Not necessarily. Because what you are betting on is not a stable coin, price fluctuations determine the profit or loss you get. If one year later the price of the coin increases, then you will benefit, and vice versa.


Title: Re: Is Staking Coins a Good Idea?
Post by: Gbniman on August 25, 2021, 07:02:36 PM
Staking is nearly as profitable as the mining or trading of cryptocurrencies, and without risk. All you have to do is stake (buy & hold) some coins in order to get added to the mining pool. As for profits, the actual profits you can make from staking will depend on how much you vest and for how long.
Staking can be both long term and short term investment, it matters how good you understand the project you want to stake.


Title: Re: Is Staking Coins a Good Idea?
Post by: tabas on August 25, 2021, 09:57:08 PM
Staking is nearly as profitable as the mining or trading of cryptocurrencies, and without risk.
Comparing it to the both, I don't think that staking comes close to any of those unless the trader isn't really good. There's still risk in staking if you do that into an exchange.
All you have to do is stake (buy & hold) some coins in order to get added to the mining pool. As for profits, the actual profits you can make from staking will depend on how much you vest and for how long.
Staking can be both long term and short term investment, it matters how good you understand the project you want to stake.
Staking is only good for long term, if you happen to do that for short term, calculate how much profit it projects to your staked crypto.


Title: Re: Is Staking Coins a Good Idea?
Post by: Yamifoud on August 25, 2021, 10:24:25 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is good, as long the coin which you stake is good too. I mean pick coin to stake need research too because we wouldn't want while we stake our coin, the project being bad and coin is not have value anymore. Since past, staking is trend because people can stake a coin in their software wallet and then can sell it directly into market. But only good coin which still survived and not dead/delisted from market.
I don't have a long experience in staking but base on my experience, it certainly gives you some profit and is more than fair in a sense that we did nothing like trading but just to stake good coins, and the exchanger where you stake your coins will pay you. I only use flexible staking where we can easily withdraw our funds if we want to.
Not only a good idea but it was a profiting idea and have only a lesser risk than we go in trading. But just have being said, we have to choose the right and potential coins OP as that was the only way we can generate positive results from staking otherwise, you just also waste your time.


Title: Re: Is Staking Coins a Good Idea?
Post by: letyouearn on August 25, 2021, 10:46:19 PM
I don't quite understand the idea of staking crypto. The percentage of APY is so low, that it looks like a ripple on the huge waves of market volatility. The only good idea here is to stake you stable coins if you hold some.


Title: Re: Is Staking Coins a Good Idea?
Post by: aemma on August 25, 2021, 11:13:17 PM
Staking a coin doesn't give apy, it is the platform you are staking on that gives the apy and this is why most people prefers some staking platforms over others. Also, nowadays, staking can be done easily and within a stipulated time set aside by the staking platform, and most today do not last for 6 months or 1 year unless it is the token of the staking platform you are earning, that is, in a platform like pancakeswap, you can stake your CAKE token  to also earn CAKE for as long as you want, but for other tokens, you stake CAKE and unstake anytime or stake and leave it till the end of the pool then you unstake.
Staking is a good idea owing to the fact it offers or provides a means to earn passive income, while still holding your tokens for long term. However, owing to the lucrative nature of it, to enjoy staking you need to stake a good amount of the staking platform token, therefore the higher you stake, the more you earn.


Title: Re: Is Staking Coins a Good Idea?
Post by: erep on August 25, 2021, 11:37:18 PM
Staking is good for long term if you stake a good token.
Not all stake token is good for future so, be carefull to choose token to stake. High APY if their token dump is same as waste a time.
We have to be selective to choose good staking coins and choose a potential coin for the long term, I have experience with Hex coins and feel very sorry for not staking at that time and now the current Hex price has increased drastically. Staking for new coins is very risky and it is better to improve your coin analysis before deciding to stake.


Title: Re: Is Staking Coins a Good Idea?
Post by: Psynthax on August 25, 2021, 11:45:23 PM
Putting a coin or stalking coin is the right choice especially if you keep it in the long term, of course before you put a coin choose the right coin and have potential or enter the top coin from CMC, most people choose stalking in the long term it can make higher profits and don't you forget every talking also has its own risk
Staking long term is safer for staking stable coin rather than new tokens that have small market cap. Although the new token can offer big prize for people who stake it will be useless if the new token getting dumped because of the big allocation of token they offered for people who stake decide to dump their token altogether. but with stablecoins the price will always stable and how many people will dump its still have its price stay the same.


Title: Re: Is Staking Coins a Good Idea?
Post by: Kelvinid on August 25, 2021, 11:53:04 PM
You can actually gain a small profit from staking but at least there is something than nothing. This is commonly a strategy used by many holders and they can really justify how it works. Just only a need to choose potential coins that could stay in the market for long, most of the holders are using altcoins which I think was a good idea. But just to remind the risk in this strategy as we are not in full control of our fund since we handed it over to the exchanger and take the responsibility, and whatever happens to them, you will lose them all.


Title: Re: Is Staking Coins a Good Idea?
Post by: Lexurdania on August 25, 2021, 11:55:54 PM
staking only work if the project was high quality project, we could earn double benefits if developers team could maintain price or even make it growth . when demand to coin could created and investors believe this is the future , so stake our coins could be great future. we will got staking reward and also price increase.


Title: Re: Is Staking Coins a Good Idea?
Post by: flip4flop on August 26, 2021, 01:49:27 AM
In my opinion yes staking is incredibly beneficial to increase your wealth if you do it smart. I would recommend taking the time to do the due diligence on what and where you are staking to ensure there is a lower risk of getting the rug pulled on you. Chasing insane APRs sounds good but is likely very high risk. If it sounds to good to be true just ensure that losing the entire amount you are staking won't put you in a bad spot financially.


Title: Re: Is Staking Coins a Good Idea?
Post by: cabron on August 26, 2021, 01:57:43 AM
In my opinion yes staking is incredibly beneficial to increase your wealth if you do it smart. I would recommend taking the time to do the due diligence on what and where you are staking to ensure there is a lower risk of getting the rug pulled on you. Chasing insane APRs sounds good but is likely very high risk. If it sounds to good to be true just ensure that losing the entire amount you are staking won't put you in a bad spot financially.

Rugpulls are only for the new projects. There are some Defi projects that did this already and some almost becoming a scam when there are no staking pools created anymore and if you plan to join the staking, make sure there are staking pools to those projects. This is just one risk to these Defi staking, another is the hacking which recently happened in Polynetwork.

Staking on old projects are a lot safer like with ETH, DOT, NEO, SOL and ADA.


Title: Re: Is Staking Coins a Good Idea?
Post by: FinneysTrueVision on August 26, 2021, 02:19:08 AM
There are different types of staking. There is staking at the protocol level on certain blockchains where you can lock money up and in return you earn block rewards for being a validator on the network. There is also staking on decentralized finance where you are incentivized to provide liquidity. I have previously staked CAKE on PancakeSwap and was was earning a decent passive income from that.


Title: Re: Is Staking Coins a Good Idea?
Post by: Text on August 26, 2021, 02:47:46 AM
Yeah, it's really beneficial to stake just like I'm doing with some of my other coins/tokens in my Binance account. When I don't want or not ready yet to sell them and because I have a price target for selling, I stake them first. I get at least a little, and at least there is more than nothing. Just stake on trusted platforms, other wallets have and can also be like the Trust wallet but only selected few altcoins.


Title: Re: Is Staking Coins a Good Idea?
Post by: Sithara007 on August 26, 2021, 04:00:08 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is really one good way to earn passive income especially if you are a long term hodlers because in this way as long as you hodl your token and stake it, it will earn interest that can be a profit for you.

Staking income will be of no use, if the exchange rate of these coins go down. And that is what happened in 2018-19. A lot of people invested in various PoS coins, and suffered huge losses when the prices went down. The income from staking was not enough to cover these losses. And unfortunately, many of these coins are either dead or dormant as of now. Investors have suffered close to 100% losses, especially with the smaller PoS coins such as Deep Onion. The situation may have changed, but it is difficult to trust this bunch again.


Title: Re: Is Staking Coins a Good Idea?
Post by: Melignya on August 27, 2021, 09:31:00 AM
Many people say that the rate is an alternative to mining, I was recently interested in this topic and found a rather interesting article, I leave the link https://blockster.com/blockdesk/1410_can-staking-lose-your-crypto


Title: Re: Is Staking Coins a Good Idea?
Post by: DibiaVxosis on August 27, 2021, 10:15:18 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is not actually for someone who is looking to make money with their capital, its only for someone who is already having huge amount of staking and don't know what to do with their money so they can stake and get very little returns per year. So you have to hold your coins for a year to get that return but while holding period the value of your coin may fall 50% or rise 50% so understand the risk associated with that before staking.
Well actually the staking reward isn't that lucrative but could be more beneficial to people with bigger capital, and also one thing to note is that staking is just like locking your money for a period of time, staking is just like having a spare funds to keep out for a period of time and gain little rewards in return, it's not a get rich quick scheme or a formula for doubling small capital either, so for me I would say staking is for those with huge capital and funds which isn't ready to be spent yet.


Title: Re: Is Staking Coins a Good Idea?
Post by: haleema on August 27, 2021, 11:32:07 PM
Staking is a fix income of your assets and very good profit as per you investment. It's available on all exchanges or Dex, but you have to chose secure and potential like Binance. There are many coin pairs are available for staking some of these have high APY. (btc/usdt) (usdt/busd).


Title: Re: Is Staking Coins a Good Idea?
Post by: Hypnosis00 on August 27, 2021, 11:50:34 PM
Staking is a fix income of your assets and very good profit as per you investment. It's available on all exchanges or Dex, but you have to chose secure and potential like Binance. There are many coin pairs are available for staking some of these have high APY. (btc/usdt) (usdt/busd).
2%, 5% APY isn't bad enough and besides, we don't do anything but just like depositing money in the bank waiting to receive our shares. Trust and capability of exchange are big factors that could help to determine which coin and exchanges will have to choose as not all coins have the same rates and at the same time, not all exchanges are worth trusting. Choosing the higher APY the better but please be reminded about the risk as it still existed since they are prone to hacking.


Title: Re: Is Staking Coins a Good Idea?
Post by: Gbniman on August 28, 2021, 07:10:09 PM
Cryptocurrency staking refers to “locking up” a digital asset to act as a validator in a decentralized crypto network to ensure the integrity, security and continuity of the network. As an incentive for helping to secure the network, stakers (validators) are rewarded with newly minted cryptocurrency.

Staking has been made possible by the Proof of Stake (PoS) consensus algorithm, which emerged as an alternative to Bitcoin’s energy-intensive Proof of Work (PoW).


Title: Re: Is Staking Coins a Good Idea?
Post by: ninabobo on August 28, 2021, 11:48:50 PM
Staking could be a good way of making little profits without doing anything, it could be more like passive income, well I think staking isn't for people with small capital because the income it will yeild will be small depending on the capital tho, staking isn't for those looking for quick profit because it requires a longer period of time for the capital to accumulate more percentage, tho some staking platform gives more percentage than the others  and some could be more lucrative and beneficial.


Title: Re: Is Staking Coins a Good Idea?
Post by: poodle63 on August 30, 2021, 03:35:46 AM
Staking good ideas if not any rule like lock coin with several period time, example when you staking some coin you have waiting one month to open and your fund available to sell, we don't know some time few week after staking coin pump but when have rule with lock we can't sell our coin and need waiting one month to unlock.
Staking that require to lock the asset is only suitable for long term investor because most of long term investor don't care about the short term pump and dump because they already set price target.
For short term investor that care about the short term pump and dump and it can become unprofitable if the reward they get from staking is also small because as you said we can't sell the token if it's locked and can miss opportunity when prices are high and it will only work if the staking reward is high.


Title: Re: Is Staking Coins a Good Idea?
Post by: Gayong88 on August 30, 2021, 09:34:22 AM
You can try it On TVK https://www.binance.cc/en/support/announcement/c28d34b977a34c2d8882aa96ff07a957 After 15 days of stakes and TVK back to the spot wallet, the TVK is put back into locked staking along with the previous profit, if you calculate the result, the interest is 47% a year. The point is as long as the fundamentals of the coin/token are good, why not.


Title: Re: Is Staking Coins a Good Idea?
Post by: Melignya on August 30, 2021, 09:47:51 AM
Because of the energy consumption issues that arise in cryptocurrency mining, staking is often considered as an alternative. I read an article on this topic here recently, I'll leave the link https://blockster.com/blockdesk/1410_can-staking-lose-your-crypto


Title: Re: Is Staking Coins a Good Idea?
Post by: TWW on August 30, 2021, 01:50:03 PM
I think staking is a small risky investment, where the coins we invest will remain safe and not decrease like we trade on the exchange, as if we get passive income from our savings without any admin fees like in a bank
as long as the asset and platform we choose are good, I'm sure it will remain safe and very low risk.
but it all depends on the analysis and market moments too. we must determine the right time to enter the stake and the right time to exit.
because some platforms give a time limit for each staking. so we can not arbitrarily do unstake.


Title: Re: Is Staking Coins a Good Idea?
Post by: faithupgrade on August 30, 2021, 03:40:35 PM
Staking is good, if. Yes theres an "IF". If the price of the coin you are going to stake is going up. Then stake the coin, because aside from holding you gain a few profits from staking.

If the price of stake coin is bearish, then better sell the coin and hedge the price in USDT. Remember this, even the coin is producing profit thru staking. The amount of coin you can buy once it reaches the bottom might be double or 4x of its amount.

So better plan your trading or staking.



Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.


Title: Re: Is Staking Coins a Good Idea?
Post by: kensaii on August 30, 2021, 04:03:53 PM
Staking used to be a trend for almost every new altcoin a few years ago. But as more people have a chance to try it, they realize staking is very risky as you need to lock or hold your coin in an amount of time to receive stake reward. This is very similar to when you deposit your money into bank and sign a paper to keep it for an amount of time to receive the annual interest rate. In cryptocurrency with a dynamic market every day, something changes, prices going up and down. This meaning you become passive over such change just because you're willing to do it for 'stake reward' that could just inflate the next day while don't have the stability of real fiat money. See how this going?


Title: Re: Is Staking Coins a Good Idea?
Post by: TastyChillySauce00 on August 31, 2021, 06:48:38 AM
I think staking is a small risky investment, where the coins we invest will remain safe and not decrease like we trade on the exchange, as if we get passive income from our savings without any admin fees like in a bank
as long as the asset and platform we choose are good, I'm sure it will remain safe and very low risk.
but it all depends on the analysis and market moments too. we must determine the right time to enter the stake and the right time to exit.
because some platforms give a time limit for each staking. so we can not arbitrarily do unstake.
The time limit for staking or the token being locked is what make staking can be unprofitable in the long term because the price of token isn't always stable. But if the asset that gets staked is gaining more price it can become profitable.
There are many project that offer staking even if their project is already popular mostly games because they want to attract more gamers, like AXIE for their land owners if I'm not mistaken and this project is based on NFT game. Since this token also isn't always stable in price it can also become unprofitable in the long term.


Title: Re: Is Staking Coins a Good Idea?
Post by: Malam90 on August 31, 2021, 09:44:03 AM
There is a similar topic (https://bitcointalk.org/index.php?topic=5339890.0) about Staking. I recommend staking but you have to be cautious about fake projects with high APR. Invest only staking coins that already popular and have faith in the crypto world. Many new projects are coming with high APR but some of them are scammers that already proved. Low APR but trusted project is highly recommended like Pancakeswap, Babyswap.


Title: Re: Is Staking Coins a Good Idea?
Post by: Melignya on August 31, 2021, 09:44:30 AM
I recently read an article about staking, specifically why staking can lose your currency, I leave the link https://blockster.com/blockdesk/1410_can-staking-lose-your-crypto


Title: Re: Is Staking Coins a Good Idea?
Post by: matchi2011 on August 31, 2021, 03:39:39 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

It depends on how much time you have to manage your own money. Staking involves always risks that we can't control. If the money is lost we don't have much chances to get it back, so we really need to trust into the staking. If we have a lot of time at hand and we could trade with our coins instead.

That's another part of investing. If you have your time and you can keep your eyes on the market, then you can work it out and succeed from that venue. Though it's not the same outcome or process with staking, the generated profits out from this venue are more if the asset that you use for staking pump up.

The rise in value gives you twice the benefits, while if not and if in case you missed it,
you don't have any other option but to accept you lose your money.


Title: Re: Is Staking Coins a Good Idea?
Post by: CaptainCrapper on August 31, 2021, 03:52:52 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
I have gets a new idea from the my friend that is farming system if you go swapping site you will see lots of token and coin holding for swapping and farming.how much amount you sowp this amount need USDT or this pair liquidity.


Title: Re: Is Staking Coins a Good Idea?
Post by: pawanjain on August 31, 2021, 04:34:38 PM
Staking is good, if. Yes theres an "IF". If the price of the coin you are going to stake is going up. Then stake the coin, because aside from holding you gain a few profits from staking.

If the price of stake coin is bearish, then better sell the coin and hedge the price in USDT. Remember this, even the coin is producing profit thru staking. The amount of coin you can buy once it reaches the bottom might be double or 4x of its amount.

So better plan your trading or staking.



Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

The strategy sounds good but we never know when the tables turn and the price swing upwards.
Staking is for the long term holders who can patiently wait for a long term without worrying much about the dump/bear market.
Yes, selling and buying will gives us a much more amount of coins but with that comes the risk of losing coins as well while with staking the amount of risk is relevantly very low.


Title: Re: Is Staking Coins a Good Idea?
Post by: Psynthax on September 01, 2021, 02:06:25 AM
Staking could be a good way of making little profits without doing anything, it could be more like passive income, well I think staking isn't for people with small capital because the income it will yeild will be small depending on the capital tho, staking isn't for those looking for quick profit because it requires a longer period of time for the capital to accumulate more percentage, tho some staking platform gives more percentage than the others  and some could be more lucrative and beneficial.
Staking is suitable for people with small capital with newer tokens because they offer prize for locking tokens and although it can be based on capital, because its a new token with relatively low price the reward can become big if the project grow like many of NFT project that usually have very cheap price of token and later grow to become valuable because the project is booming. Like staking in some NFT project partnered with binance they offer staking with reward in token and later the token price become very high because pump.


Title: Re: Is Staking Coins a Good Idea?
Post by: H1N1 on September 01, 2021, 02:43:09 PM
Because of the energy consumption issues that arise in cryptocurrency mining, staking is often considered as an alternative. I read an article on this topic here recently, I'll leave the link https://blockster.com/blockdesk/1410_can-staking-lose-your-crypto

Indeed, mining coins with mining device is very energy-consuming such electricity and heat.
Staking is a very good alternative for people who doesn't want to spend much energy on environment.
But usually the price of PoS coins is more volatile than PoW coins.


Title: Re: Is Staking Coins a Good Idea?
Post by: lepbagong on September 16, 2021, 01:03:53 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

For me if you are going to hold your coins for a few months or year, it's much better to stake it. The reason is that even if you are just holding your coin, you still have chance to earn more of that coin instead of just holding your coin in your wallet.
holding coins such as bitcoin in a wallet, is certainly one way to achieve a higher value in time. so there is no wasted work gained from holding coins in the wallet. indeed holding the coin in the wallet for a certain time, obviously is not a risky thing, because it can be ascertained that the coin is safe and just waiting for the coin to increase in time.

but if you want to do more, you can trade, but this is clearly a risk that will be carried if it is wrong to analyze properly. so that now there is staking which is also the same as holding, but only a slight difference which is determined by time and the benefits can be better than just holding, at a glance like the deposits we do at the bank.


Title: Re: Is Staking Coins a Good Idea?
Post by: Slon55koz on September 16, 2021, 01:36:16 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

For me if you are going to hold your coins for a few months or year, it's much better to stake it. The reason is that even if you are just holding your coin, you still have chance to earn more of that coin instead of just holding your coin in your wallet.
holding coins such as bitcoin in a wallet, is certainly one way to achieve a higher value in time. so there is no wasted work gained from holding coins in the wallet. indeed holding the coin in the wallet for a certain time, obviously is not a risky thing, because it can be ascertained that the coin is safe and just waiting for the coin to increase in time.

but if you want to do more, you can trade, but this is clearly a risk that will be carried if it is wrong to analyze properly. so that now there is staking which is also the same as holding, but only a slight difference which is determined by time and the benefits can be better than just holding, at a glance like the deposits we do at the bank.

It is necessary to understand that holding coins for the long term has very big advantages. And even despite the high volatility of the cryptocurrency market, such coins as Bitcoin and altcoins from the top 10 will give a very strong growth in the future, even in the case of a small drop. We observed this in the autumn and winter of last year. Therefore, I hold promising coins and expect good growth from them in the near future.


Title: Re: Is Staking Coins a Good Idea?
Post by: Evgenklm on September 16, 2021, 04:36:45 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
with staking, you need to be very careful, because the sites are now being lured by high apybs, and after the start it does not come out as well as I wanted, what I'm leading to...it's better to stake stablecoins, although apy is a small but reliable investment, you just need to choose a good defi exchange, with a good audit, etc.


Title: Re: Is Staking Coins a Good Idea?
Post by: Yalalagh on September 16, 2021, 04:46:55 PM
On top of financial returns, crypto ‘stakers’ – in some cases - also get the right to vote and participate in the governance of the token network. In absolute terms, the best crypto staking services are those trusted platforms that offer higher yields. The rate of annual return is an estimate though, as actual yields can fluctuate by quite a lot depending on how much others lock up. Source: https://blockster.com/blockdesk/1493_top-three-crypto-wallets-that-support-staking


Title: Re: Is Staking Coins a Good Idea?
Post by: carlisle1 on September 16, 2021, 04:56:57 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
with staking, you need to be very careful, because the sites are now being lured by high apybs, and after the start it does not come out as well as I wanted, what I'm leading to...it's better to stake stablecoins, although apy is a small but reliable investment, you just need to choose a good defi exchange, with a good audit, etc.

Deal with your research it saves you  a lot! Before exploring to this staking business you need to have broader knowledge about the project that
you'll going invest your money.

If you use exchange,  Binance is one of the most common place to pick coins and stake your investment, there are many available assets both stable
and cryptos, it's up to you to choose if what you think is good.

Don't be too greedy, if you want in a much safer side, best to use stable, though it's offer small apy.


Title: Re: Is Staking Coins a Good Idea?
Post by: jakasantosa on September 16, 2021, 06:09:34 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
I think Staking is one of our ways to generate and increase the number of coins we have. But for Staking on new coins I think the risk is greater even though the offer is very tempting. In my opinion staking will be safer on coins that are on top coins and projects that have experience and can be trusted.


Title: Re: Is Staking Coins a Good Idea?
Post by: Bikan on September 16, 2021, 06:50:56 PM
Levelling is not something I enjoy doing. Therefore ones commodity will really be secured for an extended duration here. Regardless if you ever need to, we can't utilize their commodity. Additionally, the further you stacking, so more income that would receive.


Title: Re: Is Staking Coins a Good Idea?
Post by: devil2man on September 16, 2021, 07:16:20 PM
staking is excellent as an alternative to long term hold, certainly in a year an altcoin can change its value drastically and blocking them for such a long period can be a gamble, a risk but if you use stablecoins for staking the risks are minimal and you can get great satisfaction


Title: Re: Is Staking Coins a Good Idea?
Post by: Kena Banned on September 16, 2021, 11:48:18 PM
I preferred to stake without timelock and able to unstake it everytime. My suggestion is doing staking pools on Dex, so you can attract your money when its needed or when the price go up, so you wont miss the pump.
Staking with timelock would probably make u still locked when the pump comes.


Title: Re: Is Staking Coins a Good Idea?
Post by: Sayeds56 on September 17, 2021, 03:56:07 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

It is a good idea provided you invest your funds in good DEFI project. APY means Annual yield, This % shows your annualized return if you don't harvest your daily reward for one year. In simple words you can say it compounded interest on your investment. In staking if your project is good and the price of its coin is increasing then you get daily reward as well as price appreciation benefit on your investment. You have to be very careful when choosing DEFI for staking because there are many scam projects in this field so  do good research work before you put in your funds.


Title: Re: Is Staking Coins a Good Idea?
Post by: gaston castano on September 17, 2021, 04:20:49 AM
Staking coins will be more profitable in the long run and in large quantities. so if you use a little capital you will get less results, but you can staking coins for new releases, usually they offer high apy, but it is very risky and the price can drop drastically.


Title: Re: Is Staking Coins a Good Idea?
Post by: avarnet on September 17, 2021, 05:27:12 AM
Staking coins is one way of getting additional income from crypto assets, Staking itself is a process when you actively participate in validating transactions on the blockchain with Proof of Stake (PoS) consensus, One thing to note before you decide to staking is,
hold the coins you have for the long term and
do your research first and make sure the platform you choose is a trusted platform, because, with staking, you are required to lock the crypto assets that you own for a certain time. This means, during a certain time, we can not sell the coin.


Title: Re: Is Staking Coins a Good Idea?
Post by: Sithara007 on September 17, 2021, 05:53:00 AM
Staking will be a loss-making exercise if you invest in the wrong coin. In the past I have made this mistake and I am saying this out of my own experience. If the development is stalled and the coin is not good, then the profits you receive from staking may not be enough to offset your losses that occur as a result of a dip in the exchange rates. At least for me, PoS coins returned an overall loss over the last few years, while the PoW coins provided good profits. It can be my mistake as well. I might have ignored the good PoS coins and went for the bad ones.


Title: Re: Is Staking Coins a Good Idea?
Post by: Xampeuu on September 17, 2021, 07:11:18 AM
Staking will be a loss-making exercise if you invest in the wrong coin. In the past I have made this mistake and I am saying this out of my own experience. If the development is stalled and the coin is not good, then the profits you receive from staking may not be enough to offset your losses that occur as a result of a dip in the exchange rates. At least for me, PoS coins returned an overall loss over the last few years, while the PoW coins provided good profits. It can be my mistake as well. I might have ignored the good PoS coins and went for the bad ones.
Staking also has risks, our intention is to accumulate coins, but if the coins do not have a good development, then this will be useless. therefore analyzing it first before choosing coins for staking is very important so that we don't lose time and money


Title: Re: Is Staking Coins a Good Idea?
Post by: rezasg on September 17, 2021, 02:19:12 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
You might want to check out Stakenet Staking as well.
Stakenet invented Cold Staking via TPoS and currently in public beta for the worlds first true Lightning DEX built directly into their multicurrency light wallet.


Title: Re: Is Staking Coins a Good Idea?
Post by: faithupgrade on September 17, 2021, 02:23:46 PM
Staking is good only in huge amount "AND" must stake only during BULL RUN. Theres no good profits during bear market. Staking is not very safe it can be hacked too. So better store your coins in a cold storage wallet.

Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.


Title: Re: Is Staking Coins a Good Idea?
Post by: Masyudhi on September 17, 2021, 02:27:48 PM
Staking is good only in huge amount "AND" must stake only during BULL RUN. Theres no good profits during bear market. Staking is not very safe it can be hacked too. So better store your coins in a cold storage wallet.

save it just to wait for the price to go up. but staking can increase the assets we have.
I staked assets in the dump market. because that time for me is most suitable to buy and stake with the profits that we can get while waiting for the price to rise again.


Title: Re: Is Staking Coins a Good Idea?
Post by: naikturun on September 17, 2021, 02:52:22 PM
Of course it is profitable if coin staking is still being carried out until now, but by paying attention to the type of coin you are staking and the amount of apy(%) offered because it will be different for each coin, usually staking projects aim to keep some people from selling their coins and give bonus coins to those who stake their coins.
so staking is good if you choose a good one.


Title: Re: Is Staking Coins a Good Idea?
Post by: 19Nov16 on September 17, 2021, 03:07:31 PM
I think staking is one of the ways we invest in the long term, but what we have to look at is how a project is, what platform they use, so that we can benefit from the staking that we do.

Staking is an alternative to earn easily compared to other methods such as trading or mining, I followed several staking programs and the results were quite good, of course, more staking will make us more confident in the development of the coin.


Title: Re: Is Staking Coins a Good Idea?
Post by: sayam on September 17, 2021, 03:17:26 PM
Staking is a very good idea no doubt it that but it should be flexible. But if it's based on a specific day, then the amount of risk increases many times over. Investing in crypto is always a risky task, so keep that in mind also.


Title: Re: Is Staking Coins a Good Idea?
Post by: Benefactor on September 17, 2021, 05:02:33 PM
The more noteworthy return is should have been held there for somewhere around a year. Some marking wallets will give you the every day benefit that you have dependent on the amount of coins you're purchasing. Possibly my decision doesn't bode well yet I educate you with any structure concerning stakes to pick quality activities and not enjoy time.


Title: Re: Is Staking Coins a Good Idea?
Post by: otundebis on September 17, 2021, 05:08:30 PM
Staking to earn is now part of many projects, staking gives mutual benefit both to the stakers and the project.  It ensure price stability and value rise while the stakers get juicy earnings.  Those that stake early in new project could get amazing Apy, I remember I was getting almost 3k percent on pancakes pool at a time.  If you are not a trader,  the best option for you is to stake!


Title: Re: Is Staking Coins a Good Idea?
Post by: Fredomago on September 17, 2021, 05:57:08 PM
Staking is a very good idea no doubt it that but it should be flexible. But if it's based on a specific day, then the amount of risk increases many times over. Investing in crypto is always a risky task, so keep that in mind also.

By investing to crypto you already stepping with risk, spice it up with staking takes you to another level of risk. Without proper knowledge to what you are doing would only cause you to lose your money.

It's always good to perform decent research and know if you can handle whatever unexpected situation happens, make sure to have sets of plan to make sure that you can easily adjust if things is not moving according to how you foreseen the future of your investment.

Staking in general is a good source of passive income if you choose the right asset to use.


Title: Re: Is Staking Coins a Good Idea?
Post by: Coin BTC on September 17, 2021, 07:57:33 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

The profit we get when staking is of course based on the length of time staking. If we do staking within a month, of course it is much different from staking within a year. APY or APR is what gives the level of profit. But the problem is we are difficult to predict the price of coins a year later. If the price of the coin continues to increase, then the profit we make will double. Meanwhile, if the coin price drops, the number of coins that increase will not mean anything to us. Usually, investors who stake them will hold the coins for a long time.


Title: Re: Is Staking Coins a Good Idea?
Post by: lousie9 on September 17, 2021, 10:07:55 PM
Staking is one alternative for us to get benefits when we holder a coin but we also have to be more careful when we want to staking on a platform and we also have to know that the platform is really safe to be used as a storage tool that will we use and the most important thing is that the platform does not lock the coins when staking so that we can freely withdraw our assets.


Title: Re: Is Staking Coins a Good Idea?
Post by: Jaered on September 17, 2021, 10:13:46 PM
DeFi is a burgeoning crypto space that has billions of dollars worth of tokens locked up. The APY and APR are mouth watering, but there's a catch. The catch is the price of the native token of the dex or amm. The thing is prices usually crash as you farm the tokens. I have been there


Title: Re: Is Staking Coins a Good Idea?
Post by: Bollexz1 on September 17, 2021, 10:26:34 PM
For me yes! Because it basically make me to earn more and hodl a little longer without ever thinking of the possibility to sell off.


Title: Re: Is Staking Coins a Good Idea?
Post by: rika0223 on September 18, 2021, 01:18:28 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

I believe in staking and That's a good idea for me, but we also have to be careful about what we are betting on the betting platform, so we have to be careful and careful in this, because we are risking value to trade coins that we don't know how to do. in the future, so whatever the risk ahead of us we must accept it even though it's a small risk then the profit is also small, if the risk is big then the profit is also big, the point is that every time we put a coin it means we are ready for all the risks


Title: Re: Is Staking Coins a Good Idea?
Post by: Banulit on September 18, 2021, 02:04:38 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is a good way of earning passive profit and it is just a saving account in the bank wherein you are getting profit by saving same as we in crypto while you are hodling for a specific time you are also earning.


Title: Re: Is Staking Coins a Good Idea?
Post by: Sayeds56 on September 18, 2021, 02:43:34 AM
Of course it is profitable if coin staking is still being carried out until now, but by paying attention to the type of coin you are staking and the amount of apy(%) offered because it will be different for each coin, usually staking projects aim to keep some people from selling their coins and give bonus coins to those who stake their coins.
so staking is good if you choose a good one.

Absolutely right. It is a good idea and attracted Billion of Dollars investment in 2020 when DEFI sector came in the lime light and number of Successful projects launched though there were many scams , as well. Having regular passive income is need of everybody because it gives you financial freedom and you can maintain a life style without actively involving in Business activity. This is the reason this sector is very popular among long term investors and will continue attracting investment and  scam projects will be filtered out by the passage of time.


Title: Re: Is Staking Coins a Good Idea?
Post by: Ridi on September 18, 2021, 05:08:36 AM
Of course yes, staking coins is profitable because one typically earns interest just for holding coins in a wallet.It doesn't necessarily require more investment to generate a profit, one could call it profitable. Staking is as profitable as the mining or trading of cryptos, and it comes without risk. It is a good idea 👍


Title: Re: Is Staking Coins a Good Idea?
Post by: onecall123 on September 18, 2021, 03:33:43 PM
Of course yes, staking coins is profitable because one typically earns interest just for holding coins in a wallet.It doesn't necessarily require more investment to generate a profit, one could call it profitable. Staking is as profitable as the mining or trading of cryptos, and it comes without risk. It is a good idea 👍
Staking isn't to make big money, it's just to increase your profits. Nevertheless, it is an easy way to earn a few profits. Taking profits will not be possible if the market starts to go down. If the exchange or platform you're staking on fails, you could lose it. To begin with, you should seek out some real projects in DeFi that have good yields on staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: the ghabbar on September 18, 2021, 04:03:36 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Many coins available today are suitable for investing with a bet of one month, six months or even one year, but we must be able to make an analysis of the coin in a certain time period, sometimes the coins can not provide bargaining value at the beginning, but at the same time Coins will show an increase, usually bitcoins are suitable for investing using a six month or one year pattern, whereas meme coins do not all fit into this pattern, given that many dead coins are not able to provide valuable bargaining value, when using a long term investment formula.


Title: Re: Is Staking Coins a Good Idea?
Post by: babygun on September 18, 2021, 06:04:34 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

if you put it in an exchange that has a good reputation and is guaranteed I think it is a very good idea, because a lot of people are doing that for now, meaning the profits are not only from trading but also from staking for the time frame you have specify.

Nothing is guaranteed on any exchange but chances are very low that exchanges such as Binance, Kraken or Coinbase would become scam. I love staking as it is "easy money" but I also always take my profits as anything can happen in crypto.


Title: Re: Is Staking Coins a Good Idea?
Post by: Webetcoins on September 18, 2021, 08:08:32 PM
if you put it in an exchange that has a good reputation and is guaranteed I think it is a very good idea, because a lot of people are doing that for now, meaning the profits are not only from trading but also from staking for the time frame you have specify.
Nothing is guaranteed on any exchange but chances are very low that exchanges such as Binance, Kraken or Coinbase would become scam. I love staking as it is "easy money" but I also always take my profits as anything can happen in crypto.
If you want to stake then you need to do some work for this also because it's good and can give you very good profit but if you are not in trading, and you are going to hold these coins for long time before staking you must look into project and team because this is very important.

After this there are many types of staking you also need to check this as well because few projects giving other tokens instead of their own and few are POS which will give you reward for helping blockchain. I believe in this rule that not your keys not your coins so try to have very solid platform for staking if you're not able to have your own wallet for this.


Title: Re: Is Staking Coins a Good Idea?
Post by: Anonymous100 on September 18, 2021, 09:24:08 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Staking is a method to earn passive income. Every day we will generate additional number of coins. But if your staking with coins is stable, then you can do it in the long term because the APY percentage is higher than you staking in days or months. But if you are staking with fluctuating coins, then it would be better if you stake in a matter of months. Because you can sell coins when the price change is getting better, but if the coin price still drops, you can continue staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: livingfree on September 18, 2021, 09:25:58 PM
Staking isn't effective if you're just going to stake for a few months up to 6 months. I think 1 year of minimum staking it is quite profitable.

But not that massive as holding and waiting for the price to go up. And when it does, you just have to sell it in profit with your gain from staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: Darktongue on September 18, 2021, 09:41:12 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

if you put it in an exchange that has a good reputation and is guaranteed I think it is a very good idea, because a lot of people are doing that for now, meaning the profits are not only from trading but also from staking for the time frame you have specify.
Staking is always a bad idea, only without a few moments or time. We are talking about the current situation then yes only for a few months. If I were free from everything, then definitely I will start staking from the last quarter of the next year. Holding is the best opportunity from my current market analysis. Just think, why is a coin giving you an annual percentage without those projects earning more money than you take?


Title: Re: Is Staking Coins a Good Idea?
Post by: Luqman on September 18, 2021, 10:15:59 PM
I don't see any problems with staking, it is surely a good idea. But you must stake your coins in trustable exchanges or reputable crypto platforms. There are already many good exchanges that offer staking with a good amount of profits. I already stake my coins in some exchanges lately, mostly did it in Binance. In my opinion, staking in Binance is one of the safest places. It is the biggest crypto exchange with a good reputation. If you want to try staking, Binance can be one of the most recommended places.



Title: Re: Is Staking Coins a Good Idea?
Post by: Wakate on September 18, 2021, 10:25:36 PM
Staking is a very good idea no doubt it that but it should be flexible. But if it's based on a specific day, then the amount of risk increases many times over. Investing in crypto is always a risky task, so keep that in mind also.
I prefer staking my coins on exchanges like Binance which guarantee flexible returns without more risks. Staking is a good way of holding your coin but in another interesting ways just like saving your money in the bank and getting interest on it weekly or monthly. If you are able to stake a good coin, before you get your staked coin, the market would have gone far.


Title: Re: Is Staking Coins a Good Idea?
Post by: Orange89 on September 20, 2021, 03:47:48 AM
If you are holding your coin then the best way to earn from them is by staking your coin in that you can get a particular account of your share depend upon the APY/APR of that pool but it is more important than staking is to choose a smart project with goal and try to see the roadmap and partners of the. project first


Title: Re: Is Staking Coins a Good Idea?
Post by: rozak on September 20, 2021, 03:56:44 AM
Timing is very important with staking, staking coin in a bull market is not a smart decision and staking longer than the bull market without the opportunity to unstake is dangerous. Many pointers should be checked before staking.
it all depends on the period or time of staking planning. sometimes in a bull market, short staking can also be profitable. but indeed staking when dump conditions will be more profitable. when buying assets at low prices and long-term staking while waiting for the market to improve will provide double profits.
in bull market conditions it would be better for short trades than staking. we should be able to choose assets for staking and trading.


Title: Re: Is Staking Coins a Good Idea?
Post by: cafucafucafu on September 20, 2021, 04:14:23 AM
Depends.

If you are able to stake the coins trustlessly, then yes.

If you have to stake it on some sort of a platform, then probably not. You are essentially giving away control of your private keys for a ~5-6% p.a. yield usually. I wouldn't be a fan of that especially for high growth coins.


Title: Re: Is Staking Coins a Good Idea?
Post by: BobK71 on September 20, 2021, 04:35:26 AM
Arguably the main reason why staking has become so popular is because it enables crypto holders to earn substantially higher APYs than traditional savings accounts or money market funds but there are also few number of risks involved in the process that you should be aware. Here I just shows some negative key points which implies risk such as Market Risk, Lockup Periods, Rewards Duration, Liquidity Risk, Validator Risk, Loss or Theft etc. Before investing in staking platform those things should be known to all.


Title: Re: Is Staking Coins a Good Idea?
Post by: dhemasm on September 20, 2021, 04:44:25 AM
Staking isn't effective if you're just going to stake for a few months up to 6 months. I think 1 year of minimum staking it is quite profitable.

But not that massive as holding and waiting for the price to go up. And when it does, you just have to sell it in profit with your gain from staking.
I think it's more effective comparing to some saving on traditional bank, Yes crypto was more volatile but if you are staking some major crypto like Eth and Btc i think it's worth, Some staking services out there especially exchange was offering high APY, beside that some coins even offering higher APY even though the price was more volatile but basically it's really worth if you want to store your value but gain higher returns.


Title: Re: Is Staking Coins a Good Idea?
Post by: Fredomago on September 20, 2021, 05:22:17 AM
Timing is very important with staking, staking coin in a bull market is not a smart decision and staking longer than the bull market without the opportunity to unstake is dangerous. Many pointers should be checked before staking.

Indeed, without proper knowledge about the coin, you might miss your opportunities. Staking is good if you are planning to hold a coin in a longer period. Whatever the market shows, you'll not be shaken and not be bothered.

But if you are aiming for quick profits, staking might not be good for you, the market movement will hurt you and a possibility that you'll missed your chance.

Take a deeper time to analyze everything before you take this as an option for your investment journey.


Title: Re: Is Staking Coins a Good Idea?
Post by: kramchers on September 20, 2021, 07:46:43 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Staking or yield farming is very profitable as of the moment dude, and it is really good to do it for now while we are waiting for the bull run again for cryptocurrency here in this industry. You can try Biswap, this is so far the one good that I saw in terms of staking and farming your assets depending in the coins you like to stake or farm. Good luck!


Title: Re: Is Staking Coins a Good Idea?
Post by: SDKmaster on September 20, 2021, 09:10:16 AM

Nothing is guaranteed on any exchange but chances are very low that exchanges such as Binance, Kraken or Coinbase would become scam. I love staking as it is "easy money" but I also always take my profits as anything can happen in crypto.

Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338


Title: Re: Is Staking Coins a Good Idea?
Post by: sumant on September 20, 2021, 09:34:58 AM
Yes staking is definitely a great idea to earn money without risk but you have to do it very smartly. Without trading or betting staking is very nice to earn. If staking coin has been purchased ay Lower price then you will get benefit from staking and coin price increases as well. I think people from around the world earning from staking very well. Binance himself giving a great platform for staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: raidarksword on September 20, 2021, 09:57:06 AM
If you are a long term holder then staking is the best idea there is, you earn extra coins/tokens on staking as the moment you hold it for a long period of time and not selling it. Though it may have a risk because once you stake you will send it to the staking address and you don't have control to it temporarily. But for the meantime, you can stake if you don't have plans to sell your coins/tokens for now.


Title: Re: Is Staking Coins a Good Idea?
Post by: Sweetbtc on September 20, 2021, 12:10:42 PM
I think staking coins is not profitable now. Its trend is almost over. Now NFT and Gaming Coins are much more profitable than staking coins.
Before 6 months staking coins given decent profit to investor like Cake coin,Juld and much more. But now trend of staking coin is much low. I recommend to follow the trend and make profit


Title: Re: Is Staking Coins a Good Idea?
Post by: LimLims on September 20, 2021, 12:55:19 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

It always depends on you.
If you have brief knowledge on staking coins, and can spend time on that then do.
Yes they give good returns and profit, but it also too take similar time.
Moreover regarding the time, it should also completely depends on you.
Just remember, more the months, more the interest.


Title: Re: Is Staking Coins a Good Idea?
Post by: nemey on September 20, 2021, 02:49:42 PM
It can be said that this activity actually provides quite a lot of benefits. If you are staking coins then you can get passive income without having to continuously mining or even trading on the crypto assets that you have. Staking coins is also known as a type of activity that has less risk when compared to trading or mining.


Title: Re: Is Staking Coins a Good Idea?
Post by: gaston castano on September 20, 2021, 02:52:23 PM
I think staking coins is not profitable now. Its trend is almost over. Now NFT and Gaming Coins are much more profitable than staking coins.
Before 6 months staking coins given decent profit to investor like Cake coin,Juld and much more. But now trend of staking coin is much low. I recommend to follow the trend and make profit


not really, if the amount is large and you do it for a long time staking is still profitable, usually the staking has a very large balance so they are not too focused on the price of the coin due to market fluctuations, but rather look to the long term ROI.


Title: Re: Is Staking Coins a Good Idea?
Post by: zulfi125 on September 20, 2021, 03:31:08 PM
Staking of coin is good for those who don't want to do crypto trading, staking can give you a fixed amount on your coin and you need to lock your coin for 1 month,3 months,6 months, and 1 year, APY will be per year and you will get the benefit but the staking coin price is going down then you will not get benefit and if the price goes up then you will get benefit from staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: matchi2011 on September 21, 2021, 05:23:45 PM
I think staking coins is not profitable now. Its trend is almost over. Now NFT and Gaming Coins are much more profitable than staking coins.
Before 6 months staking coins given decent profit to investor like Cake coin,Juld and much more. But now trend of staking coin is much low. I recommend to follow the trend and make profit


not really, if the amount is large and you do it for a long time staking is still profitable, usually the staking has a very large balance so they are not too focused on the price of the coin due to market fluctuations, but rather look to the long term ROI.

Long term hlders who acknolwedge the potential of certain project mostly continue to use staking for additional passive profits, they are well informed that the apy is much smaller but they are still passive since they believe that the coins will be more progressive and the chance of seeing the price to pump high is possible, instead of keeping the coin stuck in their wallet they choose to use staking it serves as also their investment for long term success.


Title: Re: Is Staking Coins a Good Idea?
Post by: desticy on September 21, 2021, 05:43:19 PM
Great idea.
It not only allows you to earn money by obtaining additional coins, but also due to the fact that locked coins allow you to keep the price of a coin at a sufficiently high level.
Take a look at Binance coin, a great example.


Title: Re: Is Staking Coins a Good Idea?
Post by: odukoyaewatomi27 on September 21, 2021, 09:49:16 PM
Staking is actually a great idea in my opinion, the reason why i like staking compared to mining is because you dont have to incest in any hardware that has the risk of damage & you can easily change the coins that you are staking for more profitable ones.
Staking gives coin holders a chance to be making money from their holdings rather than it just being idle in their wallets


Title: Re: Is Staking Coins a Good Idea?
Post by: riskarcher on September 21, 2021, 10:09:44 PM
if you have a lot of coins and want to sell them in the long term staking coins is the choice. because the APY is determined based on how long it takes us to deposit our coins and get the percentage rate from staking coins. this is a good choice for trading players who bought the wrong coin during a bullish trend and a bearish trend occurred so staked the coin in a few months waiting for the ATH trend to return


Title: Re: Is Staking Coins a Good Idea?
Post by: Momoamzad on September 21, 2021, 10:11:04 PM
Staking gives  more  profit with some editional  coins and this will make big money .  This is a great way to earn fixed profit beside trading . But now a days NFT and gaming coins are also in trend . People are getting attractive towards  nft and gaming coins even these are more profitable.


Title: Re: Is Staking Coins a Good Idea?
Post by: SlimShadyMmp on September 21, 2021, 10:33:39 PM
Gather or have enough of that coin and be loaded and you shall reap huge benefit of stacking coin but if you have no enough capital stacking especially on ETH is a lost of money mate Because you end up just recovering small cash and thats not what you will likely want


Title: Re: Is Staking Coins a Good Idea?
Post by: jambul_kribo on September 21, 2021, 11:00:51 PM
Staking of coin is good for those who don't want to do crypto trading, staking can give you a fixed amount on your coin and you need to lock your coin for 1 month,3 months,6 months, and 1 year, APY will be per year and you will get the benefit but the staking coin price is going down then you will not get benefit and if the price goes up then you will get benefit from staking.
we have to very selective choose coins that will staked for some periode, and never tempted to high APR only meanwhile they have no utility or maybe project developtment progress run slowly. if we ignore this points, our coins value will no have additional value to attract investors or traders. staking hopely could decrease supply circulation in market so price could increase , but if we see the opposite better to stop it.


Title: Re: Is Staking Coins a Good Idea?
Post by: rika0223 on September 22, 2021, 10:47:29 AM
If I think staking is a good idea, first I look for coins that are worth investing for a long time so that according to the analysis of our respective beliefs, so that the coins are really accurate and sure that they will produce satisfactory profits, and from all that more or less profitable there is a definite risk that we have to go through or we accept even though sometimes it doesn't happen but we must be wary of this


Title: Re: Is Staking Coins a Good Idea?
Post by: tyz on September 22, 2021, 10:53:17 AM
Staking has some advantages and disadvantages, so everyone must decide for themselves whether the advantages outweigh the disadvantages.

For example, staking is taxed differently than mining in many countries. Mining is a process in which I have to purchase hardware with which I then generate something (in this case crypto coins/tokens). Similar to a carpenter who buys wood to make furniture.
With staking, you buy digital assets to make money out of it, so it's more like lending money for which you get paid for. You give away some amount of your coins/tokens for a certain amount of time for a certain amount of interest.

Accordingly, you need to check which model is more interesting for tax purposes in your country.



Title: Re: Is Staking Coins a Good Idea?
Post by: wmaurik on September 22, 2021, 11:10:00 AM
Now the gaming industry is actively developing and provides many opportunities, the number of players is growing every year. DeFi allows players to earn real money and this is fundamentally changing the gaming industry.
If more and more cryptocurrency games can make very good money, then all game lovers or gamers will enter the crypto space to play every game that can provide benefits for everyone, so the choice will become clear which direction from now on.


Title: Re: Is Staking Coins a Good Idea?
Post by: altixz on September 22, 2021, 11:17:18 AM

Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338

Now the gaming industry is actively developing and provides many opportunities, the number of players is growing every year. DeFi allows players to earn real money and this is fundamentally changing the gaming industry.

The scope of application of DeFi is growing every day. It is good that new projects are emerging that provide more opportunities for the fields of application of DeFi and NFT tokens.


Title: Re: Is Staking Coins a Good Idea?
Post by: mdzahed134 on September 22, 2021, 11:38:29 AM
Timing is very important with staking, staking coin in a bull market is not a smart decision and staking longer than the bull market without the opportunity to unstake is dangerous. Many pointers should be checked before staking.
Yeah, you mentioned a important part of staking and it's suggestion will helpful for who have interest in staking. I made mistaken in staking for bad timing and when i will go to tried to unstake but fee was required 200$ but i was disagree to that fee. So i think definitely should decide carefully otherwise it seems back fire for you. Staking isn’t good profit even though in 3-6months.


Title: Re: Is Staking Coins a Good Idea?
Post by: Lubang Bawah on September 22, 2021, 03:43:07 PM
If I think staking is a good idea, first I look for coins that are worth investing for a long time so that according to the analysis of our respective beliefs, so that the coins are really accurate and sure that they will produce satisfactory profits, and from all that more or less profitable there is a definite risk that we have to go through or we accept even though sometimes it doesn't happen but we must be wary of this

Staking is a good and profitable technique as long as we can have time online, I've staked COSMOS and TEZOS, and the results are quite profitable, unfortunately I can't be online for a long time because of offline work.


Title: Re: Is Staking Coins a Good Idea?
Post by: sulendra12 on September 22, 2021, 04:04:04 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
It's a great thing if you stake the good one for some passive income in the future, always a good idea to have another source of income while you can do other stuff with that staking things going on.
Who knows in the future those coins you have been staking so far, could have the increase of price and make your coins' price become doubled than first you had.


Title: Re: Is Staking Coins a Good Idea?
Post by: Masyudhi on September 22, 2021, 04:24:46 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
It's a great thing if you stake the good one for some passive income in the future, always a good idea to have another source of income while you can do other stuff with that staking things going on.
Who knows in the future those coins you have been staking so far, could have the increase of price and make your coins' price become doubled than first you had.
long-term planning of staking of course to get a better price than the current price.
Staking is great for a down market, and it can be profitable in the long run.
but it all depends also on the staking planning that is done. some platforms impose a minimum time for staking. but some others can easily unstake at any time when it wants to exit and change the plan to trading.


Title: Re: Is Staking Coins a Good Idea?
Post by: cryptoserega on September 23, 2021, 11:08:08 AM

Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338

The scope of application of DeFi is growing every day. It is good that new projects are emerging that provide more opportunities for the fields of application of DeFi and NFT tokens.


The more good projects appear and are used in DeFi, the more people will trust the Ufi industry and the opportunities that this industry offers.


Title: Re: Is Staking Coins a Good Idea?
Post by: The Ghoul on September 24, 2021, 03:16:22 AM
There seem to be two pledge methods, 1 single currency pledge 2 liquidity token pledge.

If you have a lot of funds, I suggest you use a stable currency single currency pledge.This will minimize your losses.

Of course, the value of a pledge also depends on the price of the produced token.


Title: Re: Is Staking Coins a Good Idea?
Post by: cafee_orange on September 24, 2021, 05:12:49 AM
It's a good idea to stake your coins, lots of people are staking as it is a trend now to stake the coins in their software wallets and then be able to sell them directly to the market, but the thing to note is that the Coins have better potential for the future .


Title: Re: Is Staking Coins a Good Idea?
Post by: martina14 on September 24, 2021, 05:15:29 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Yes staking coins is one of the good idea for us to earn crypto and savings for the future. And one these platform that are good to use was  Biswap, apploserchick mining, and Betfury gambling platform, these three for me was very helpful and it gave me profit daily, weekly, or monthly depending in your choice if you like to withdraw it. You can try to make a review or research about this tips in which I had given to you here.  


Title: Re: Is Staking Coins a Good Idea?
Post by: Harriett on September 24, 2021, 05:55:43 AM
The previous pledged alpaca yield can reach 200%, which is extremely high, but it will cause a lot of selling.
The current cake pledge rate is still good and can be taken out at any time.


Title: Re: Is Staking Coins a Good Idea?
Post by: Mkmanik on September 24, 2021, 06:00:36 AM
It's a good idea to stake your coins, lots of people are staking as it is a trend now to stake the coins in their software wallets and then be able to sell them directly to the market, but the thing to note is that the Coins have better potential for the future .
yes, For staking people need to choose some potential coin that has a good future. Suppose you want to hold Cardano for 2 years, Than i suggest you to do stake with your Cardano. You will get a passive income from it and when the coin price reaches your target price you can unstake and sell your coins. both of your target will be filled up in this way.

Doing shitcoin stake for high APY is not a good choice, because anytime the coins price can drop a lot and you will lose your initial capital. So always I suggest people to do stake with some best project. Now I am doing stake with NWC coin. It's very undervalued to me and I believe it will be $10 within a very short time.


Title: Re: Is Staking Coins a Good Idea?
Post by: Kunnu on September 24, 2021, 06:09:18 AM
Of course yes staking is absolutely a suitable option to earn cryptocurrency without taking much risk I think this is a best way especially for those investors who always have long term investment plans although it's necessary to pick a reliable and secure platform to stake altcoins personally the staking platform on Binance exchange looks suitable to me because they provide various staking options with reasonable interest and duration.


Title: Re: Is Staking Coins a Good Idea?
Post by: JackieAinsley on September 24, 2021, 07:13:56 PM

Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338


The more good projects appear and are used in DeFi, the more people will trust the Ufi industry and the opportunities that this industry offers.

It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.


Title: Re: Is Staking Coins a Good Idea?
Post by: lepbagong on September 24, 2021, 07:25:08 PM
Staking of coin is good for those who don't want to do crypto trading, staking can give you a fixed amount on your coin and you need to lock your coin for 1 month,3 months,6 months, and 1 year, APY will be per year and you will get the benefit but the staking coin price is going down then you will not get benefit and if the price goes up then you will get benefit from staking.
maybe staking is one of the alternatives available for those who don't want to make trades that may be a bit complicated and full of risk, if one analyzes it incorrectly, especially those who have an impatient character. but the existence of staking is it possible to reflect on a bank called deposit? maybe yes and also maybe no because some of the characteristics they experience are not the same as what you describe.

I don't know if staking is also for bitcoin? if there is, of course I think staking is inappropriate and feasible for bitcoin only for altcoins, and even then if I see it is better for coins that are just growing in the market. If it's bitcoin, just hold it and it will automatically increase and staking is not needed.

we have to very selective choose coins that will staked for some periode, and never tempted to high APR only meanwhile they have no utility or maybe project developtment progress run slowly. if we ignore this points, our coins value will no have additional value to attract investors or traders. staking hopely could decrease supply circulation in market so price could increase , but if we see the opposite better to stop it.
Actually you are right, that maybe the main purpose of staking is for altcoins that have just entered the exchange so that there is not a lot of coin supply in the market, so they can suppress prices not to go down but to increase. but that is theoretically desirable in coin development, otherwise it is clear that there will be no benefit from staking. Staking participants will certainly be disadvantaged, because the quality will go down even though the quantity is the same.


Title: Re: Is Staking Coins a Good Idea?
Post by: errorcode99 on September 24, 2021, 10:49:09 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking isn't really for someone who wants to make money with their capital, it's just for someone who already has a large amount of staking and doesn't know what to do with their money so that they can stake and get very small returns per year. So you have to hold your coin for a year to get that return but during the holding period your coin value may go down by 50% or go up by 50% so understand the risks associated with that before staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: tabas on September 24, 2021, 11:18:54 PM
It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.
But there are also a lot of defi projects that are not really targeting what it use to be.
Everyone has to be careful with those defi projects and if they just want to earn passively, you can choose to have staking coins and just do it on your own without depositing it to any platform.


Title: Re: Is Staking Coins a Good Idea?
Post by: andriarto on September 25, 2021, 05:34:13 AM
It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.
But there are also a lot of defi projects that are not really targeting what it use to be.
Everyone has to be careful with those defi projects and if they just want to earn passively, you can choose to have staking coins and just do it on your own without depositing it to any platform.
indeed we have to be selective in choosing coins for staking, otherwise we will be in vain waiting, when the tokens increase, but the price drops, so it actually results in losses. on the other hand for me it is better to invest and put coins in our own wallets, because for the long term the security is entirely in our hands


Title: Re: Is Staking Coins a Good Idea?
Post by: matchi2011 on September 25, 2021, 06:22:23 AM
It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.
But there are also a lot of defi projects that are not really targeting what it use to be.
Everyone has to be careful with those defi projects and if they just want to earn passively, you can choose to have staking coins and just do it on your own without depositing it to any platform.

You need to work carefully in choosing what defi project to invest your money, just like what you say there are also defi which is not performing and investing to that will only lead you to lose your investment, carefully analyze and then assess if you are targetting the right one, before you proceed make sure that you are done with acknoledging all the information that you need in order to react and adjust if there's a need for you to do so.


Title: Re: Is Staking Coins a Good Idea?
Post by: domoy77 on September 25, 2021, 11:24:14 AM
It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.
Then has DeFi not been used in a new area that has been a lot of people in cryptocurrency? because the popularity of DeFi has occurred in cryptocurrencies so it is impossible for its use only on new projects that do not have any potential.


Title: Re: Is Staking Coins a Good Idea?
Post by: tabas on September 25, 2021, 04:58:16 PM
It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.
But there are also a lot of defi projects that are not really targeting what it use to be.
Everyone has to be careful with those defi projects and if they just want to earn passively, you can choose to have staking coins and just do it on your own without depositing it to any platform.

You need to work carefully in choosing what defi project to invest your money, just like what you say there are also defi which is not performing and investing to that will only lead you to lose your investment, carefully analyze and then assess if you are targetting the right one, before you proceed make sure that you are done with acknoledging all the information that you need in order to react and adjust if there's a need for you to do so.
It is a must that every investor has to take their time knowing if the project they've invested are worth it. Defi projects and staking too should be looked upon depending on the risk that you can take.
It all sums up with the chosen defi or coin that you're investing because not really all of them are legit.


Title: Re: Is Staking Coins a Good Idea?
Post by: Lunafox on September 26, 2021, 11:13:10 AM

Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338

Now DeFi is being used in an increasing number of industries. This significantly increases the popularity of DeFi. And DeFi is also a great opportunity to make money, many people earn money on DeFi, which is why DeFi is so popular now.

The most important thing is to continue developing the project in order to implement all the ideas conceived and the users of the platform had more opportunities to earn money.


Title: Re: Is Staking Coins a Good Idea?
Post by: LordMiguel on September 26, 2021, 04:50:52 PM
staking is a good idea but it is mean for the rich. staking is better than farming. you can pull out your token from staking whenever you want to and it is possible the token price have increased. you can sell if you want to but i think it is better to stake than do farming. during farming, you loose your token when the price goes up and i have decided to stake my new tokens and never join farms. some of my tokens that i have earn are from farming but i want to move into staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: cimoin2211 on September 26, 2021, 05:50:52 PM
Staking gives passive income so I think yes it's a good idea but but we have to have in our minds that the price of thoes coins will not remain the same and 95% staking coins get low on price drastically so be cautious about investing in high prices.


Title: Re: Is Staking Coins a Good Idea?
Post by: Sweetbtc on September 26, 2021, 05:51:52 PM
You can’t sell when ur staking and it’s useless unless your staking thousands you know what your gonna make off say $200 staking? About $1 that’s it  and in the meantime if you coin skyrocketed 1000% that day you can’t sell then it will tank and u still can’t sell till it’s to late


Title: Re: Is Staking Coins a Good Idea?
Post by: v3liana on September 26, 2021, 10:07:36 PM
It's good passive income and helps the ecosystem of your coin. Even if you have a small amount any free coin is better than no free coin. If it's a coin you'd want to sell if there was a sudden 2x - 3x spike, staking may not be the best option because it could dip before you're able to sell.


Title: Re: Is Staking Coins a Good Idea?
Post by: SoeNan89 on September 27, 2021, 12:01:40 AM
Staking also has something in common with deposits, namely by depositing a certain amount of money and letting the bank manage the assets you invest there. In staking, locked crypto assets or currencies will contribute to aligning all stakeholder desires.

So, if there are enough entities that have crypto assets that stake in a network, then everyone involved has an interest in keeping the network running and growing.  However, if there are not many entities that stake, then this process can be a loss because the network will be difficult to develop.

For that, it's a good idea to choose a token or coin that has a good reputation and network.


Title: Re: Is Staking Coins a Good Idea?
Post by: OgNasty on September 27, 2021, 12:04:32 AM
If you’re going to hold a shitcoin you might as well stale it right? Otherwise you’re essentially losing money as everyone else’s free tokens devalue yours. I’d just make sure you staked it with a reputable service, or even better to do so yourself.

I’d never stake my Bitcoin though. Don’t trust that I’d ever see them again using a staking service.


Title: Re: Is Staking Coins a Good Idea?
Post by: midaslordes on September 27, 2021, 03:26:07 AM
I guess that staking coins is really a very good idea especially to every crypto holder such doing either short term or long term knowing that they earn passive earning while staking the token they hold.


Title: Re: Is Staking Coins a Good Idea?
Post by: kak uli on September 27, 2021, 05:19:34 AM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

I think staking Coins is a good idea, but only for people who understand what platform to bet on, and the timeframe it is necessary to pay attention to in order to find profit in Staking.
then also need to know that Staking is completely risky so you need to be careful when doing it.


Title: Re: Is Staking Coins a Good Idea?
Post by: the rise on September 27, 2021, 05:28:04 AM
That's a good idea. But we have to know the risks. Usually putting coins on staking has an impermanent loss risk. That's something that many people usually fear. Once you put that capital, the price of the coin drops. That's where you'll lose a lot. Before making this staking capital investment be sure to consider the risks as well.


Title: Re: Is Staking Coins a Good Idea?
Post by: wissy on September 27, 2021, 08:46:37 AM
I would actually like to see more staking options in hardware wallets. Since holding coins in those wallets is considered to be the safest option, many of us are holding BTC and ETH there. Its sad to see that Ledger and Trezor are not offering to stake most popular coins but only few exceptions. I hope this will change in the future.


Title: Re: Is Staking Coins a Good Idea?
Post by: AF_Nill on September 27, 2021, 02:20:34 PM
I think It's the Best Idea I ever hear. Why? Staking help you to Gain benefit for your Holding and another side its help user to Hold their Assets for a long time. I personally get benefited from Holding coins & Token.


Title: Re: Is Staking Coins a Good Idea?
Post by: ziyaaa on September 27, 2021, 02:31:07 PM
Staking is good especially when you are aiming not to leave your money in your checking account. Or when you don't want to buy any coin with your money but you still want to keep your money in the cryptocurrency market, then you can choose to stake into some stablecoins. Maybe they won't make you a lot of profit unless you stake a great deal of money but it is better than leaving it without doing anything.  ;D


Title: Re: Is Staking Coins a Good Idea?
Post by: indo1 on September 27, 2021, 05:40:00 PM
A good idea, and very suitable for those of you who at that time bought at the top price and have not benefited because the price is now below. You can put the coins on the staking and let them add up on their own. That would be better than being hold.


Title: Re: Is Staking Coins a Good Idea?
Post by: wmaurik on September 28, 2021, 05:17:50 AM
A good idea, and very suitable for those of you who at that time bought at the top price and have not benefited because the price is now below. You can put the coins on the staking and let them add up on their own. That would be better than being hold.
The option that you offer is classified as very good because by using a betting method that can ultimately increase the number of coins, the loss has been slightly covered or cut through the price decline that is currently happening on all coins, so for now the coin hold option is only done on certain coins only


Title: Re: Is Staking Coins a Good Idea?
Post by: Wong Gendheng on September 28, 2021, 07:46:15 AM
Staking is a popular trend nowadays, almost all new projects are always campaigning about staking, I think staking is a good idea because it will make the coin able to withstand various external disturbances, this is needed to make the team can focus on developing long term.


Title: Re: Is Staking Coins a Good Idea?
Post by: Sir Legend on September 28, 2021, 10:13:39 AM

Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338

Now there is a lot of competition among cryptocurrency projects, so it is very important to continue developing the project in order to survive and attract the attention of investors and users.

I agree about the competition, but it seems to me that the prospects for NFT in games are very large, because despite the great competition between games, each game has its own players, and the presence of NFT makes the gameplay more exciting and profitable.

NFT is a great innovation to combine blockchain with games, I've heard that Google's income from selling game vouchers reaches up to $1.5 billion per year, with a large market this is certainly an opportunity to make crypto shine with the gaming market.


Title: Re: Is Staking Coins a Good Idea?
Post by: Spack17 on September 28, 2021, 10:28:35 AM
If your goal is to still keep money in the cryptocurrency market and not to invest into a volatile cryptocurrency now, then staking is one of the nice choices I suppose. But you should already be ready for not earning so much money in staking.  ;D  I suppose that you are planning to stake not too much amount of money. Then it means that you will make a very little amount of profit as the rates are not that high.


Title: Re: Is Staking Coins a Good Idea?
Post by: bison on September 28, 2021, 12:06:42 PM
Staking might be a good idea if all we bet is a shitcoin, at least it will make the shitcoin a little useful, but there are drawbacks to staking, where the assets we have will be locked for some time depending on the time period we choose , it's as if you don't have it in that time because you can't use it.


Title: Re: Is Staking Coins a Good Idea?
Post by: superman184 on September 28, 2021, 03:24:24 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is a good way for some passive income but you should know about how it works, currently I am also staking on several platforms, maybe the passive income generated when we staking seen from the number of tokens and APY provided by the platform, I think it will it is better for us to risk assets than just leave them in the wallet but provided that we are risking good tokens and low risk.


Title: Re: Is Staking Coins a Good Idea?
Post by: RiskySanchez on September 28, 2021, 03:55:57 PM
normally APY is calculated as a percentage of the number of stack coins for a certain period of time. however, stacking coins will be better for players who like to hold coins for a long time, if in the short term the percentage of APY obtained will be small and if there is a bullish market trend it will be a pressure for yourself because the stacked coins cannot be withdrawn


Title: Re: Is Staking Coins a Good Idea?
Post by: nicolas1979 on September 28, 2021, 07:14:55 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Annual staking with monthly staking of course APY is much different. Perhaps for the percentage generated will be higher staking made within a year.
You can do staking on Binance, for me Binance is much safer than other sites that do provide special staking services. You can also stake on Pancakeswap, the APR rate is much higher compared to Binance. But I've never staked on Pancakeswap, so I can't explain the details. I often use Binance when it comes to staking, especially when I see the market is going down.


Title: Re: Is Staking Coins a Good Idea?
Post by: Fredomago on September 28, 2021, 08:09:53 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is a good way for some passive income but you should know about how it works, currently I am also staking on several platforms, maybe the passive income generated when we staking seen from the number of tokens and APY provided by the platform, I think it will it is better for us to risk assets than just leave them in the wallet but provided that we are risking good tokens and low risk.

You have to understand more deeper if you are aiming for passive income, the hypes also influenced the possible profits. Make sure to check the lock in period as it will determine the full potential of your earnings, if there's a long time frame think twice unless you really know or trust the developers, better to look for good and quality assets who will allow you to withdraw your fund anytime that you needed your money.
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Annual staking with monthly staking of course APY is much different. Perhaps for the percentage generated will be higher staking made within a year.
You can do staking on Binance, for me Binance is much safer than other sites that do provide special staking services. You can also stake on Pancakeswap, the APR rate is much higher compared to Binance. But I've never staked on Pancakeswap, so I can't explain the details. I often use Binance when it comes to staking, especially when I see the market is going down.

Binance indeed is the best place and there are many available options, do your DYOR and pick the right asset to stake your money.


Title: Re: Is Staking Coins a Good Idea?
Post by: alan228 on September 29, 2021, 10:52:17 AM

Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338

I agree about the competition, but it seems to me that the prospects for NFT in games are very large, because despite the great competition between games, each game has its own players, and the presence of NFT makes the gameplay more exciting and profitable.

For NFT games, a powerful blockchain is needed, now the Ethereum blockchain does not cope well with the load of DeFi and NFT and the commissions in Etheuem continue to grow, which is not convenient for using NFT in games.


Title: Re: Is Staking Coins a Good Idea?
Post by: Anguwa on September 29, 2021, 02:28:24 PM
Staking coin is an interesting thing to do as it yield profit, one can stake for some period of time depending on the agreement and its very profitable and also it is risk, but the profit depends on the amount coin staked and the percentage of profit agreed on for a particular time frame.


Title: Re: Is Staking Coins a Good Idea?
Post by: Semar Mesem on September 29, 2021, 02:45:46 PM
I think staking is a good thing to test things out of the coin. Almost a year i am staking some coins, the results are often different from those in the deal, sometimes bigger or smaller, some of the coins I am staking until now are Tezos, Cosmos and VeChain.



Title: Re: Is Staking Coins a Good Idea?
Post by: Cadaver20 on September 29, 2021, 03:49:07 PM
I personally don't like staking. Because in staking, you have to lock your asset for certain period. You can't use your coin in that period. The value of your coin may dump a lot in the staking period. If you want to withdraw your coin before the end of staking period you may have to face a penalty.


Title: Re: Is Staking Coins a Good Idea?
Post by: Bes19 on September 29, 2021, 03:53:46 PM
Staking is actually good for long term but always DYOR on token you want to stake and platform you want to use for staking. They higher amount of token/coin you stake, the bigger the profit.


Title: Re: Is Staking Coins a Good Idea?
Post by: olib123 on September 29, 2021, 05:18:45 PM
The benefit of staking is that you earn more crypto, and interest rates .Rewards and Extra Income Staking is a important way to diversify assets and reduce transaction fees on the blockchain. It is a good for long term. Staking is actually good for long term.


Title: Re: Is Staking Coins a Good Idea?
Post by: semobo on September 29, 2021, 05:44:13 PM
The benefit of staking is that you earn more crypto, and interest rates .Rewards and Extra Income Staking is a important way to diversify assets and reduce transaction fees on the blockchain. It is a good for long term. Staking is actually good for long term.
How does the staking reduces the transaction fee?

Staking an altcoin is highly risky investment idea and not really worth the returns since the price of a coin can dump 20% in a day but while staking you can earn maximum upto 6% per annum.


Title: Re: Is Staking Coins a Good Idea?
Post by: Rana590 on September 29, 2021, 05:48:19 PM
The benefit of staking is that you earn more crypto, and interest rates .Rewards and Extra Income Staking is a important way to diversify assets and reduce transaction fees on the blockchain. It is a good for long term. Staking is actually good for long term.
I think you have forgotten about the bear market of crypto currency. All the staking are not good to generate profit. If the price of your desire coin fall down in huge amount then what will be the condition? Your staking rewards won't be able to cover this loses. In my opinion, it's better to analyze more before stake a coin.


Title: Re: Is Staking Coins a Good Idea?
Post by: tyz on September 30, 2021, 10:37:51 AM
The benefit of staking is that you earn more crypto, and interest rates .Rewards and Extra Income Staking is a important way to diversify assets and reduce transaction fees on the blockchain. It is a good for long term. Staking is actually good for long term.
I think you have forgotten about the bear market of crypto currency. All the staking are not good to generate profit. If the price of your desire coin fall down in huge amount then what will be the condition? Your staking rewards won't be able to cover this loses. In my opinion, it's better to analyze more before stake a coin.

Well, on the one hand you are right. In a bear market the staking rewards will not cover the losses you get from the price dump, however, if you are convinced that the bear market is only temporary (which it has always been for most coins), then such bear markets are the phase where you can make the most profits, especially if you save all your rewards through staking for 1-2 years and wait until the bull market starts again. Then the value of your original investment will multiply.


Title: Re: Is Staking Coins a Good Idea?
Post by: Capt00 on September 30, 2021, 11:41:54 AM
Staking is a good idea because if you plan to keep your currency for a long time, it is a good idea to stake because you can get passive income from it. Staking, in my opinion, is also safe, as you will not lose money (as long as the price of the coin you are staking does not fall), and the longer the time period you choose for staking, the higher the APY you will receive, as APY is dependent on the time period you choose for staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: Jaered on September 30, 2021, 06:01:13 PM
Staking is a good investment option. And like any investment option especially in or off DeFi, there is a risk. Staking involves putting your token or money on a platform and getting an Annual Percentage of Rate or Yield(which is compounded). You get steady payment. But the problem is the platform can be scammy and pull a rug on you. Also the token price can take a dump and you would get almost nothing by the time you are ready to leave. I have been burnt before, not once but twice


Title: Re: Is Staking Coins a Good Idea?
Post by: Sayeds56 on October 01, 2021, 03:16:02 PM
normally APY is calculated as a percentage of the number of stack coins for a certain period of time. however, stacking coins will be better for players who like to hold coins for a long time, if in the short term the percentage of APY obtained will be small and if there is a bullish market trend it will be a pressure for yourself because the stacked coins cannot be withdrawn

Well said. I think APR is more relevant than APY if you are willing to make passive income from staking/farming on DEFI platform. There are many planforms like Pancakseswap where you can stake/unstake coins whenever you like. DEFI is a great idea specially for REtired people who need regular income to run their day to day needs. This sector has attracted huge investment since it was launched.


Title: Re: Is Staking Coins a Good Idea?
Post by: bixiiMaphi321 on October 01, 2021, 03:49:48 PM
One of the main benefits to crypto staking is that it eliminates the constant need to purchase expensive hardware and reduces energy consumption. The system provides a guaranteed profit and a predictable source of income, the value of the coins you bet on does not depreciate like using ASICs and other mining hardware, can only be affected affected by fluctuations in the current market price. Choosing the right currency to bet is both a game of numbers and a sense of courage. If you choose to start betting, start researching about minimum amounts, wagering rewards and specific wagering methods. Always remember to choose a project that resonates with you and one that you look forward to going far into the future. After all, by placing a bet, you are helping to make that project a reality.


Title: Re: Is Staking Coins a Good Idea?
Post by: Koro-Sensei on October 01, 2021, 04:05:22 PM
Yeah why not. It gives you the benefits of holding for price hikes and rewards you by it. The APY however isn't that high compared to providing liquidity but still you have the edge of not having a permanent loss. Aside from that, projects like SOVRYN even gives you the opportunity to earn airdrops by your staking with almost 2% supply worth of every project that is launching to their platform added by your staking APY which is 30% liquid SOV. Other projects like GOMT also gives you the opportunity to steak your hydra when you bought GOMT using hydra. Your hydra payment will also be staked and by the end of the year, you will be rewarded by GOMT. How cool is that.


Title: Re: Is Staking Coins a Good Idea?
Post by: matchi2011 on October 01, 2021, 04:31:22 PM
It is good that DeFi is being used in new areas that already have many users and are popular. This will more popularize cryptocurrencies and attract many new users to the DeFi market.
But there are also a lot of defi projects that are not really targeting what it use to be.
Everyone has to be careful with those defi projects and if they just want to earn passively, you can choose to have staking coins and just do it on your own without depositing it to any platform.

You need to work carefully in choosing what defi project to invest your money, just like what you say there are also defi which is not performing and investing to that will only lead you to lose your investment, carefully analyze and then assess if you are targetting the right one, before you proceed make sure that you are done with acknoledging all the information that you need in order to react and adjust if there's a need for you to do so.
It is a must that every investor has to take their time knowing if the project they've invested are worth it. Defi projects and staking too should be looked upon depending on the risk that you can take.
It all sums up with the chosen defi or coin that you're investing because not really all of them are legit.

It ends with how informed you are with the project that you are supporting and placing your investment.

The more you understand the better chance that you'll be able to earn,
either staking or investing to any potential assets.

Staking is for those who can hold for much longer, investors who are aiming
for higher return of investment, this is another extra earnings while waiting
for your supported asset to pump high.


Title: Re: Is Staking Coins a Good Idea?
Post by: Galley on October 01, 2021, 05:25:05 PM

Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
I personally don't like staking.  Because here your asset will be locked for a long time. You can't use your asset even if you need to. And the longer you stack, the more interest you will get.

You can place bets where there is no need to block your coins for a long time. And if necessary, you can remove them without any problems. The percentage will be slightly lower, but something needs to be sacrificed.


Title: Re: Is Staking Coins a Good Idea?
Post by: Williamm07 on October 01, 2021, 05:49:05 PM
For me the answer is no because to make good money from staking you need to stake large portion of your coins or tokens which requires thousands of dollars in value, it's way better to buy graphic cards and build mining rigs to make good money every 24hrs, a gtx1660 super costs 400$+ and it gives you 2$ per day, in months you get your money back and keep making free money nonstop after


Title: Re: Is Staking Coins a Good Idea?
Post by: ZaraCB on October 01, 2021, 06:32:51 PM
If the stacking platforms were such that you can withdraw your coins without penalty if you want, it would be the best.
You can place bets where there is no need to block your coins for a long time. And if necessary, you can remove them without any problems. The percentage will be slightly lower, but something needs to be sacrificed.
Staking and betting are both completely different thing. But it could be a good suggestion for OP.  Because there is no need to lock your coins here, so there is no fear of price dump.


Title: Re: Is Staking Coins a Good Idea?
Post by: purka5 on October 01, 2021, 07:26:26 PM
One of the main benefits to crypto staking is that it eliminates the constant need to purchase expensive hardware and reduces energy consumption. The system provides a guaranteed profit and a predictable source of income, the value of the coins you bet on does not depreciate like using ASICs and other mining hardware, can only be affected affected by fluctuations in the current market price. Choosing the right currency to bet is both a game of numbers and a sense of courage. If you choose to start betting, start researching about minimum amounts, wagering rewards and specific wagering methods. Always remember to choose a project that resonates with you and one that you look forward to going far into the future. After all, by placing a bet, you are helping to make that project a reality.


It all depends on the project itself and on the sphere in which the project works. Now the blockchain can be used in various fields, including for the safety of personal data. Here you can read more how it is important to protect personal data https://blog.inery.io/index.php/2021/09/28/introduction-to-inerydb/


Title: Re: Is Staking Coins a Good Idea?
Post by: JackieAinsley on October 02, 2021, 12:30:37 PM

Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338

NFT in games give an opportunity to earn money in the game to almost anyone. Especially those who spend a long time in the game have a lot of chances to earn

If there are good games with NFT, it will greatly increase the popularity of NFT. Although now the prices for NFT continue to grow and their popularity is growing along with the prices.


Title: Re: Is Staking Coins a Good Idea?
Post by: _IRMAN on October 02, 2021, 03:45:44 PM
Coin staking is a good idea if:
- You know what coin is good - in the sense that it will have a good price for the future.
- The right place for staking


Title: Re: Is Staking Coins a Good Idea?
Post by: perryxi2 on October 02, 2021, 04:22:52 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Betting is a good idea but you must be aware of all the risks. When you bet and you have to try to bet on the platform will not lock your token and already given your reward. there are projects that stake quite high % and it gives passive profit by weekly monthly or maybe yearly and we don't need to do anything just load in and wait, but it is also very risky if the project is not well developed you may lose all all money.


Title: Re: Is Staking Coins a Good Idea?
Post by: XUR_TIP on October 02, 2021, 05:18:13 PM
I prefer staking stable coins through popular exchanges like binance for example, this erase zero risks due to volatility unlike other coins and tokens, I heard that staking coins through DeFI platforms is better because they can immediately withdraw their staked coins and sell, if this is true then it's better


Title: Re: Is Staking Coins a Good Idea?
Post by: konflikkastil on October 02, 2021, 05:51:23 PM
Staking is not a bad ideas, it only depends on where you are staking. There are lots of platforms where you can do that ranging from different blockchain technology to another. But I'm very familiar with two of it, where are the Binance and the staking platform on The Futbol App. Which is the holder of TFC coin. They offer one of the best rewards on your stakes. Something around 10% for just staking any amount for just 10 months. This all still depends on how much you are willing to stake, but you must be sure that you are putting your coin in a secure place


Title: Re: Is Staking Coins a Good Idea?
Post by: mulia sabee on October 02, 2021, 06:53:36 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
The future of staking coins is much better. The future of Swastik Coin is fairly good and the team has an idea to think of something huge in the future. You can invest by buying staking coins and doing staking Can keep. Staking will give you some extra bonuses. I like staking because all these coins are not likely to be destroyed.


Title: Re: Is Staking Coins a Good Idea?
Post by: Hamphser on October 02, 2021, 07:04:09 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
The future of staking coins is much better. The future of Swastik Coin is fairly good and the team has an idea to think of something huge in the future. You can invest by buying staking coins and doing staking Can keep. Staking will give you some extra bonuses. I like staking because all these coins are not likely to be destroyed.
You are talking non sense on here because staking is just simply having that interest towards on your coins neither you do get it directly on your own wallet(not that common) or simply using up other platforms offers(common one).

Staking APY's is never been that appealing for me ever since and thats why it would just better to hold off your coins rather than letting it sit into some website and wait for up too long
just for you to earn some small percentage?


With just common sense alone then you would realize that it is really worth the risk? No its not honestly.


Title: Re: Is Staking Coins a Good Idea?
Post by: agg2702 on October 02, 2021, 07:26:18 PM
For NFT games, a powerful blockchain is needed, now the Ethereum blockchain does not cope well with the load of DeFi and NFT and the commissions in Etheuem continue to grow, which is not convenient for using NFT in games.
Ethereum will never be bad even if it can't handle the current burden of DeFi and NFT, because DeFi and NFT actually don't have a close relationship with Ethereum, moreover Ethereum already has its own network and is also still very strong in the community even though the cost is often be discussed.
despite this, there are some NFT games that use tokens based on ERC20, for example, the game that is currently booming, namely Axie. although there are still some but axie is very popular and can be used as an example.
and about eth it's true what you say, although there are still many who complain about gas problems, but eth will still be one that many people really admire


Title: Re: Is Staking Coins a Good Idea?
Post by: Jawadu on October 02, 2021, 08:01:44 PM
Staking is a good method to earn money by holding your cryptocurrencies to an exchange. But I recommend the top exchanges and secure in staking like BlockFi and Crypto exchange, there are many exchanges where you can stake and earn but those two are the best for me because they have good returns even in staking stablecoins.


Title: Re: Is Staking Coins a Good Idea?
Post by: kevincandra on October 02, 2021, 08:09:16 PM
Staking/farming gives you the opportunity to earn passive income and also depends on the specified time period. I personally do staking in AXS coins within 1 month. just when ATH came I sold it for more than $4k. When I bought AXS coins it was $20 and the result of staking was around $1k.


Title: Re: Is Staking Coins a Good Idea?
Post by: AhmadM on October 02, 2021, 08:28:32 PM
I prefer staking stable coins through popular exchanges like binance for example, this erase zero risks due to volatility unlike other coins and tokens, I heard that staking coins through DeFI platforms is better because they can immediately withdraw their staked coins and sell, if this is true then it's better
One thing you should be aware of when staking on centralized services, they could flip and take away your funds easily under the excuse of being hacked or etc although it isn't likely gonna happen with binance but who knows about people's minds. It would be wise if you don't pour your investment funds all-out in a decentralized service in order to take some profit.


Title: Re: Is Staking Coins a Good Idea?
Post by: BruceLee98 on October 02, 2021, 08:40:45 PM
Yes staking coins are good.Staking is a way of earning rewards for holding certain cryptocurrencies.Staking is nearly as profitable as the mining or trading of cryptocurrencies, and without risk. All you have to do is stake (buy & hold) some coins in order to get added to the mining pool. As for profits, the actual profits you can make from staking will depend on how much you vest and for how long.


Title: Re: Is Staking Coins a Good Idea?
Post by: livingfree on October 02, 2021, 09:26:27 PM
Staking/farming gives you the opportunity to earn passive income and also depends on the specified time period. I personally do staking in AXS coins within 1 month. just when ATH came I sold it for more than $4k. When I bought AXS coins it was $20 and the result of staking was around $1k.
Good for you that you've bought AXS at $20.

I missed the opportunity and saw that from $4-$10. I thought that it's just nothing but as I play the game, I've realized that I should've bought that before.

But I clearly understand it for me it's too late to buy at the top so I won't be doing it.


Title: Re: Is Staking Coins a Good Idea?
Post by: hodlvalley on October 03, 2021, 05:02:49 AM
I prefer staking stable coins through popular exchanges like binance for example, this erase zero risks due to volatility unlike other coins and tokens, I heard that staking coins through DeFI platforms is better because they can immediately withdraw their staked coins and sell, if this is true then it's better
One thing you should be aware of when staking on centralized services, they could flip and take away your funds easily under the excuse of being hacked or etc although it isn't likely gonna happen with binance but who knows about people's minds. It would be wise if you don't pour your investment funds all-out in a decentralized service in order to take some profit.

Good advice. My preference will always be with decentralised staking services. DeFi is full of many reliable staking platforms, for a wide variety of crypto assets. As with anything, people should always be cautious and engage in due diligence before staking.


Title: Re: Is Staking Coins a Good Idea?
Post by: Cryptoababe on October 03, 2021, 08:44:16 AM
Staking of coins is a very good idea. And its one of the safest way to earn more coins without risk of loosing.
The only problem is some staking platform are not secured enough to use.


Title: Re: Is Staking Coins a Good Idea?
Post by: Wakate on October 03, 2021, 10:26:57 AM
The previous pledged alpaca yield can reach 200%, which is extremely high, but it will cause a lot of selling.
The current cake pledge rate is still good and can be taken out at any time.
Staking is another method of holding your coin but in a passive way to add more value to it without trading or doing buying and selling. The cryptocurrency market has become easier for investors to earn from both sides when trading or investing through staking of coin and other means. Staking has it's own risk so investors need to be at alert or they might lose there funds.


Title: Re: Is Staking Coins a Good Idea?
Post by: Ros-In on October 03, 2021, 10:58:43 AM
Staking is the best alternative for those who really can't trade because they don't have the skills,but I experienced where I chose to put my coins on staking with a period of 6 months and it turns out that in the middle of the coin it has increased so I can't do anything.so my conclusion is better staking within 1 month


Title: Re: Is Staking Coins a Good Idea?
Post by: Dewiana on October 03, 2021, 11:53:14 AM
In my opinion, it's good to invest in staking coins because these coins having two benefits
1: staking profit
2: due to staking supply will be limited and prices go in big profit

If I will look at the movement of the coin first before staking, that is, comparing the movement of the end of last year, the beginning of the year and
mid year,, so we find the length of staking, this way we also find
low price before we buy it...


Title: Re: Is Staking Coins a Good Idea?
Post by: tiffcrz on October 03, 2021, 12:26:39 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Did you know that you can earn great passive income via Stakenet staking? The dev team worked hard to ensure that staking is accessible for everyone who owns XSN - the native crypto of Stakenet.
There are currently three recommended ways to stake your XSN coins: Cloud pooled staking, Core wallet staking, and Cold staking (TPoS).
For as little as 1 XSN in your wallet, you can start staking right away.


Title: Re: Is Staking Coins a Good Idea?
Post by: Gayong88 on October 03, 2021, 12:27:14 PM
Very interesting, in my opinion, if non-crypto finance is called bank interest, if crypto is called staking. For the duration, if I'm not mistaken, there are its own provisions depending on the platform you choose. means choosing the one that gives the appropriate take and give. For example, choosing a coin that has good fundamentals like BNB is an example. If you buy BNB and it has gone up 500%, after that you can get out of BNB you can get 5-20% interest a year paid in BNB.


Title: Re: Is Staking Coins a Good Idea?
Post by: Wawa2013 on October 03, 2021, 12:58:07 PM
The previous pledged alpaca yield can reach 200%, which is extremely high, but it will cause a lot of selling.
The current cake pledge rate is still good and can be taken out at any time.
Staking is another method of holding your coin but in a passive way to add more value to it without trading or doing buying and selling. The cryptocurrency market has become easier for investors to earn from both sides when trading or investing through staking of coin and other means. Staking has it's own risk so investors need to be at alert or they might lose there funds.

There are so many options for making profits from cryptocurrencies, one of which is by staking coins. Your explanation is true that staking coins
can give us passive income, most importantly we can choose trusted platforms for staking coins. Because now there are many modes of fraud
happening in the crypto world, so be careful if you want to staking coins. Look for platforms that provide staking services with a good security system
and also a good reputation. Because when we decide to staking, the crypto assets we have will be locked for a certain period of time,  so it is
very important to choose a trusted platform, so as not to be deceived by scammers. Especially for people who are very busy and do not have time
to monitor price movements in the market, staking coins is a great choice to get passive income.


Title: Re: Is Staking Coins a Good Idea?
Post by: Wahyuihib on October 03, 2021, 01:09:02 PM
Staking is actually a good option for us, if we are doing it for coins that will have value in the future. because to claim the coins that we bet requires a fee. obviously we lose if we do it for worthless coins


Title: Re: Is Staking Coins a Good Idea?
Post by: Lunafox on October 03, 2021, 01:10:16 PM

Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338

If there are good games with NFT, it will greatly increase the popularity of NFT. Although now the prices for NFT continue to grow and their popularity is growing along with the prices.

NFT in games are popular because during the games you can win NFT or earn money for collecting NFT. At any time, NFT can be exchanged for real money. It attracts a lot of users to NFT.


Title: Re: Is Staking Coins a Good Idea?
Post by: alan228 on October 03, 2021, 02:43:50 PM

Good advice. My preference will always be with decentralised staking services. DeFi is full of many reliable staking platforms, for a wide variety of crypto assets. As with anything, people should always be cautious and engage in due diligence before staking.

The most important how useful is DeFi project. It is necessary to create demand in the token but to do this it is necessary to be useful to people. For example there is a big demand in safe storage of personal data like this https://blog.inery.io/index.php/2021/09/28/introduction-to-inerydb/


Title: Re: Is Staking Coins a Good Idea?
Post by: fauzan Ichsan on October 03, 2021, 03:03:44 PM
The previous pledged alpaca yield can reach 200%, which is extremely high, but it will cause a lot of selling.
The current cake pledge rate is still good and can be taken out at any time.
Staking is another method of holding your coin but in a passive way to add more value to it without trading or doing buying and selling. The cryptocurrency market has become easier for investors to earn from both sides when trading or investing through staking of coin and other means. Staking has it's own risk so investors need to be at alert or they might lose there funds.

There are so many options for making profits from cryptocurrencies, one of which is by staking coins. Your explanation is true that staking coins
can give us passive income, most importantly we can choose trusted platforms for staking coins. Because now there are many modes of fraud
happening in the crypto world, so be careful if you want to staking coins. Look for platforms that provide staking services with a good security system
and also a good reputation. Because when we decide to staking, the crypto assets we have will be locked for a certain period of time,  so it is
very important to choose a trusted platform, so as not to be deceived by scammers. Especially for people who are very busy and do not have time
to monitor price movements in the market, staking coins is a great choice to get passive income.
it will be very profitable to participate in staking, but besides what you described earlier, staking also contains risks, where when we lock coins for some time, fluctuations will continue to occur, so that when we get the results of staking, not necessarily the price will be higher, so choosing a potential coin in my opinion is also an important step


Title: Re: Is Staking Coins a Good Idea?
Post by: fuguebtc on October 03, 2021, 03:27:29 PM
Staking is a great idea, it is suitable for people who are holding some coins that they have no trading experience with and they want to increase that number of coins. But everything has two sides, staking is good for you to increase your coins but staking requires your coins to be locked for a long time. During the staking period, if you need to sell coins, you cannot sell them immediately, after un-stake it takes a certain time to get your coins back, sometimes it will cost you some opportunities.


Title: Re: Is Staking Coins a Good Idea?
Post by: acapulco on October 03, 2021, 04:42:20 PM
I do staking with my wallet, no masternode, just proof of stake and every day I sell my part of my staking coin and I cash 70 dollars.

I must also say that I started with a bet of 300 dollars a little less than 3 years ago


Title: Re: Is Staking Coins a Good Idea?
Post by: wajik-tempe on October 03, 2021, 04:44:58 PM
I do staking with my wallet, no masternode, just proof of stake and every day I sell my part of my staking coin and I cash 70 dollars.

I must also say that I started with a bet of 300 dollars a little less than 3 years ago

Could you tell what platform are you using ? it's really good if the staking platform already running for years means that staking platform is not a ponzi scheme.
Also with 300 USD capital, in 3 years could earn 70USD per day is too good to be true, can you share us with proof because it's seems not true to me.
If it's true, this is a very good staking platform.


Title: Re: Is Staking Coins a Good Idea?
Post by: Cadaver20 on October 03, 2021, 05:00:23 PM
I do staking with my wallet, no masternode, just proof of stake and every day I sell my part of my staking coin and I cash 70 dollars.

I must also say that I started with a bet of 300 dollars a little less than 3 years ago
$70 staking reward per day! Is there such a platform at all? I can't believe it. If there is, then the user of this platform will increase a lot.  Can you share the name of this platform with us?


Title: Re: Is Staking Coins a Good Idea?
Post by: acapulco on October 03, 2021, 05:08:21 PM
I do staking with my wallet, no masternode, just proof of stake and every day I sell my part of my staking coin and I cash 70 dollars.

I must also say that I started with a bet of 300 dollars a little less than 3 years ago

Could you tell what platform are you using ? it's really good if the staking platform already running for years means that staking platform is not a ponzi scheme.
Also with 300 USD capital, in 3 years could earn 70USD per day is too good to be true, can you share us with proof because it's seems not true to me.
If it's true, this is a very good staking platform.

it is not a platform, it is just a wallet which must run on a laptop or a mini pc or raspberry under windows or linux at your convenience

And I sell less than 10% of my daily staking.

With an electric consumption to shame any minig rig. Ah Ah Ah


Title: Re: Is Staking Coins a Good Idea?
Post by: AhmadM on October 03, 2021, 07:04:44 PM
Good advice. My preference will always be with decentralised staking services. DeFi is full of many reliable staking platforms, for a wide variety of crypto assets. As with anything, people should always be cautious and engage in due diligence before staking.
After all every single staking platform has its own risks and advantages, as long as you are aware of the risks and understand what you are doing I guess its fine. At least in the end you wouldn't regret what you have decided earlier.

Btw, why centralized service has less variety of coins/tokens is highly likely they prioritizing the security and sustainability of those.


Title: Re: Is Staking Coins a Good Idea?
Post by: agg2702 on October 03, 2021, 07:14:15 PM

There are so many options for making profits from cryptocurrencies, one of which is by staking coins. Your explanation is true that staking coins
can give us passive income, most importantly we can choose trusted platforms for staking coins. Because now there are many modes of fraud
happening in the crypto world, so be careful if you want to staking coins. Look for platforms that provide staking services with a good security system
and also a good reputation. Because when we decide to staking, the crypto assets we have will be locked for a certain period of time,  so it is
very important to choose a trusted platform, so as not to be deceived by scammers. Especially for people who are very busy and do not have time
to monitor price movements in the market, staking coins is a great choice to get passive income.
it will be very profitable to participate in staking, but besides what you described earlier, staking also contains risks, where when we lock coins for some time, fluctuations will continue to occur, so that when we get the results of staking, not necessarily the price will be higher, so choosing a potential coin in my opinion is also an important step
there is always a risk that we have to live when we are on this path and in staking yes the risk is as you said.
because indeed fluctuations always occur and no one knows the possibilities that will occur in the future and this is the same as gambling where the result is 2 possibilities, if you don't make a profit, it means a loss.
but apart from that, it is true that choosing coins that have the potential to also have an effect, although it does not make the risk disappear, but at least by researching and making coins that have the potential to be staked can at least reduce the risk and impact that will be received even though it is not significant.


Title: Re: Is Staking Coins a Good Idea?
Post by: sunsilk on October 03, 2021, 08:52:43 PM
I do staking with my wallet, no masternode, just proof of stake and every day I sell my part of my staking coin and I cash 70 dollars.

I must also say that I started with a bet of 300 dollars a little less than 3 years ago
$70 staking reward per day! Is there such a platform at all? I can't believe it. If there is, then the user of this platform will increase a lot.  Can you share the name of this platform with us?
There are.

But the reward is depending on how much you'll stake. Also the APY of where he's staking is also another big factor and why there are those high rewards for these people per day.

It's true if the APY is that high, it will be known to the people who likes to stake and will transfer their funds there to be staked and that will result to a lower APY that shall change from time to time.


Title: Re: Is Staking Coins a Good Idea?
Post by: King Raymond on October 03, 2021, 10:31:54 PM
If you are into staking only for the rewards then i will say it's not really cool. Most of these coins don't have reasonable APY, you can stake them for a very long time and still come out with little profit which won't compensate the time. But if you are staking as it's a fallback investment, then you are good to go.
Do well to check token APY and staking conditions before choosing which token to stake


Title: Re: Is Staking Coins a Good Idea?
Post by: Kena Banned on October 03, 2021, 10:52:49 PM
Locked staking models are not really good for me, especially when its on long period, since probably u can miss the opportunity to sell the coins when the price pumped.
I prefer short term locked staking models or even free staking models like Apeswap or Pancakeswap. Combine the staking activity with lp farming and compound it daily, its really good strategy.


Title: Re: Is Staking Coins a Good Idea?
Post by: impulse709 on October 03, 2021, 11:09:54 PM
Staking is an idea or then it is still high risk. APY means the annual currency for your coins placed in the network. for example you deposit and APY is 190%. 1 month you will profit 19% and after 6 months you will profit 19% x 6 = 114% is the number you set, And I am still participating in some recent projects like : Near , Chng.v.v. that is also one of good projects that you can consider your profit amount every year.


Title: Re: Is Staking Coins a Good Idea?
Post by: Aeris28 on October 03, 2021, 11:41:28 PM
I think anything is up to you, all of them are depending on you investment plans. If you want to have a passive income by doing nothing, I think staking is the best choices. But remember the coin you staked should have good fundamental and almost stablecoin, why? Of course to keep your asset value, If your coin are getting down yeah in total you'll got nothing.
If you want another business plan, like holding or trading maybe, I think you don't need to stake, it's better if you use your money to be a trading capital


Title: Re: Is Staking Coins a Good Idea?
Post by: osasshem on October 04, 2021, 12:08:00 AM
Staking of coins is a very good way of one taking hold of his coins for the long run, this long run depends on the holders description. Staking a coin gives you a room to receive more of the coins over the time at which you are holding and which is being told or known before the staking starts.
So far, I will say staking is one of the best ways made in crypto to earn passively with a coin, and this can be done with different coins and no one will ask why. Staking in crypto is to help the price of a coin maintain it's value and being rewarded for holding the coin over a certain period of time to help in the growth and development of that particular coin.
Staking is a very good way to earn in Crypto.


Title: Re: Is Staking Coins a Good Idea?
Post by: cafee_orange on October 04, 2021, 07:11:19 AM
It's a good idea to stake your coins, lots of people are staking as it is a trend now to stake the coins in their software wallets and then be able to sell them directly to the market, but the thing to note is that the Coins have better potential for the future .
yes, For staking people need to choose some potential coin that has a good future. Suppose you want to hold Cardano for 2 years, Than i suggest you to do stake with your Cardano. You will get a passive income from it and when the coin price reaches your target price you can unstake and sell your coins. both of your target will be filled up in this way.

Doing shitcoin stake for high APY is not a good choice, because anytime the coins price can drop a lot and you will lose your initial capital. So always I suggest people to do stake with some best project. Now I am doing stake with NWC coin. It's very undervalued to me and I believe it will be $10 within a very short time.
yes, thank you in advance for your advice and direction, this is very useful for me and others in risking their assets. but I'm interested in risking coins that have better potential for the future, cardano, ethereum and Bnb. I think all three can give anyone an advantage


Title: Re: Is Staking Coins a Good Idea?
Post by: budi12 on October 04, 2021, 01:20:22 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is a good idea, because if you hold the coins you have for the long term, then it is the right choice for you to staking, because you can get passive income from staking and in my opinion staking is also safe, the longer you choose the term the time for staking, the APY you get will also be higher, because the APY depends on the time period you choose to bet on.


Title: Re: Is Staking Coins a Good Idea?
Post by: JTripathy on October 04, 2021, 01:46:17 PM
The simple meaning of staking is to earn money without doing any work. This is a good option to earn for those who hold coins for a long time so that then can get a income from it. Staking reward is based on the APY, it stands for "Annual Percentage Yield" means the percentage of money you will earn per year. According to this, your reward will be calculated and the APY fluctuates and it's depend on the staking platform. There is a risky side of getting scam from staking platform. So better to do some research where you are going to stake your assets. It's a very good idea to earn.


Title: Re: Is Staking Coins a Good Idea?
Post by: gwdf1 on October 04, 2021, 01:53:26 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

Actually, it is really possible to find big APYs,but usually, big APYs mean big risks, so it is possible to stake risky altcoins with big interests, and with stablecoins you will get less than 5%. Anyway, it is more that bank deposit, so if you want to have passive income you can try this. Personally I do staking on Tron chain, as I store my stable coins there and so as not to waste time, I stake them.


Title: Re: Is Staking Coins a Good Idea?
Post by: agg2702 on October 04, 2021, 05:47:02 PM
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
May be true with what you are talking about, but please note that which can be profitable and it is guaranteed if someone puts his coin ( STAKING ) on a reputable exchange !!, Binance, Kraken or Coinbase I think it is an exchange that most people believe with the exchange.
as for this is how we see opportunities and see projects from another perspective.
because the thing when we do staking is not only all tokens we make staking.
we have to look at other aspects such as what the project is like, what the roadmap is like and the team behind it.
this is very important, apart from making us believe in the project being carried out, at least this can help make profits even though it is indeed volatile but when it is on the right track it never hurts to try.


Title: Re: Is Staking Coins a Good Idea?
Post by: Vaskiy on October 04, 2021, 05:59:06 PM
For users staking gives dividend and regular bonuses. This way it looks like more profiting. As a cryptocurrency user we need to be careful on staking, because these days every project comes up with the staking access. From the project team side, staking keeps the market progressive. In specific it is really good for tokens that doesn't have good trading volume. Through the staking process the circulation is pumped which makes some positive impact upon the project.


Title: Re: Is Staking Coins a Good Idea?
Post by: Kena Banned on October 04, 2021, 11:42:01 PM
as I store my stable coins there and so as not to waste time, I stake them.

Great, dont let our coin stay on the wallet, stake them we always possible to accumulate more without buying it. May i know what coins did u stake? Im never use Tron Network until now, i dont think theres a great project deployed.


Title: Re: Is Staking Coins a Good Idea?
Post by: blockman on October 04, 2021, 11:59:07 PM
Great, dont let our coin stay on the wallet, stake them we always possible to accumulate more without buying it. May i know what coins did u stake? Im never use Tron Network until now, i dont think theres a great project deployed.
I'll choose to keep my coins that can be staked to my wallet rather than staking it. I just feel that it's a better thing for me to have it like that and the APY isn't that much that I can rely on. I'd rely more on the market value while holding those cryptos and potential pumps that might happen to them. Although it's a fact that you can be rewarded as you stake if you want to accumulate freely but upon computing that, it isn't that much.