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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: MCcryptonia on December 20, 2021, 09:40:40 AM



Title: How good is staking coins?
Post by: MCcryptonia on December 20, 2021, 09:40:40 AM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..


Title: Re: How good is staking coins?
Post by: acapulco on December 20, 2021, 10:44:09 AM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

there is no problem, I have nothing to hide ... ;D

https://www.zupimages.net/viewer.php?id=21/51/53d0.jpg


Title: Re: How good is staking coins?
Post by: acapulco on December 20, 2021, 11:14:16 AM
Instead of just holding coins for an uncertain time, it is better to staking to increase profits. Each coin has a different staking result, I can't say how much I get every month because the staking time is different for each coin.

I know that every month I stake more and more ....

https://zupimages.net/viewer.php?id=21/51/qox8.jpg


Title: Re: How good is staking coins?
Post by: bitgov on December 20, 2021, 11:27:18 AM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

It all depends on how much money you have. People who invest tens or hundreds of thousands of dollars earn a lot of money. However, if you want to invest less than a thousand dollars then unfortunately but I'm afraid you won't be happy with the results.


Title: Re: How good is staking coins?
Post by: Ararbermas on December 20, 2021, 12:03:48 PM
Actually there's a lot of people were making good return from it, even before and nowadays i really see a lot of people making good profits in their portfolios even the market isn't fine, a very good option in my personal opinion aside of investing.. And what i see mostly from binance staking, well i wouldn't be surprised since it's the most trusted very popular platform around the internet..


Title: Re: How good is staking coins?
Post by: riskarcher on December 20, 2021, 01:21:32 PM
Staking coins are divided into 2 parts, namely APY and APR. APY is a percentage rate of the total amount of interest earned on a deposit or investment account, based on a fixed interest rate for one year. While the APR is a percentage rate that reflects the cost of credit for one year. I use Staking coin used APR because it has a high interest rate and I usually get 10$ per month according to the number of coins I stake


Title: Re: How good is staking coins?
Post by: acapulco on December 20, 2021, 01:29:51 PM
When the cake was less than 0.50 dollars, you could have staked it on pancakeswap at more than 50% and easily earn 2000 dollars per month for an investment of 2000 dollars.

Imagine for an investment of $ 2,000 dollars you would have exchanged them for $ 160,000 at the highest point.

Now you need to invest $ 50,000 to earn $ 2,000 per month

autocake.  ;D


Title: Re: How good is staking coins?
Post by: lobo13hf on December 20, 2021, 01:53:20 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking?
That depends on the how much APY that offered by the platforms but this is my first time to hear that if there was a doge coin staking platform. I thought that if this never exist before but it seems like that i was wrong about that. If your friend was staking his coin and then APY that already offered seems good based on your friend was mine doge coin only to be used for staking purpose.

How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
You must see how much APY that being offered and it if was more than 10% and that's a lot. So many people are also talking about staking reward but miners wanna make their income from mine crypto to generate another passive income for them to pay the maintenance and electricity. that seems a good idea to stake their assets with good APY


Title: Re: How good is staking coins?
Post by: marilynmanson21 on December 20, 2021, 02:34:23 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

I think the benefits from staking are different for each staking coin, actually, judging by the APR, you can already see the benefits for each coin.

for staking doge I haven't found a good one, because of the 3 sites that I got I suffered quite a lot of losses and I will not repeat until there is an exchange that makes staking for doge


Title: Re: How good is staking coins?
Post by: Teknisi88 on December 20, 2021, 02:46:09 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
It is not yet known whether Musk is really serious about quitting his job as CEO of Tesla, and turning into an influencer. However, so far as CEO of Tesla, Musk's various intelligences are indeed quite influential on market conditions, especially exchanges and cryptocurrency prices.


Title: Re: How good is staking coins?
Post by: Mpamaegbu on December 20, 2021, 02:50:20 PM
Instead of just holding coins for an uncertain time, it is better to staking to increase profits.
That's correct. I hedl certain tokens for a very long time without trading and could've made much profit from them if I had an idea how staking worked. I didn't want to get confused doing it and so I stayed out. Until lately, I knew how and I've been getting rewards from those staked. For those who are skeptical staking, they can do that on Binance on those available cryptos for staking. At least, start with Binance since it's about the most trusted exchange before venturing into more risk with other sites. www.kclpad.com and sparkswap.finance are two good sites I use.


Title: Re: How good is staking coins?
Post by: masterrex on December 20, 2021, 03:00:02 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

I think it depends on the coins and tokens that you want to stake? because each coin and token has a different percentage based on APY? In that case, the results may be different with each coin. I believe staking is one of the good practices to avoid price fluctuation but you must convert your crypto into a stable coin so that it will retain its price and value plus the interest.

But in the case of miners, I don't think they want to convert their coins into a Stablecoin because most of the time they don't care about it. like the one I know he just put the coins in the wallet and let them remain idle for a long period. so it's a holding strategy I guess.


Title: Re: How good is staking coins?
Post by: masulum on December 20, 2021, 03:02:07 PM
Staking tokens/coins you have to pay attention to the development process, don't just be influenced by the ROI that you will get at this time, but the future of the coins/tokens is not so clear what the process will be like. If you want staking, you should staking coins/tokens that have good development, for example staking Cake (NFA), I think staking Cake has a pretty good chance in the long run. Because Pancakeswap service will exist for the long term Moreover, the team also updates frequently. Projects like this you should make one aspect of your staking choice.


Title: Re: How good is staking coins?
Post by: fvb on December 20, 2021, 03:23:40 PM
This is a popular way of investing this time. Secondly, it is completely passive earnings. Unlike mining, it is more environmentally friendly, but there are risks everywhere. Namely, in staking, this is a change in the price of a coin.


Title: Re: How good is staking coins?
Post by: lvsca on December 20, 2021, 03:27:15 PM
The rewards of a typical mine are determined by many factors, such as the rig engine used, the algo used, and the difficulty level of the mine. The more miners from one pool, the smaller this reward applies in pos or POW methods even staking and farming.


Title: Re: How good is staking coins?
Post by: crzy on December 20, 2021, 03:30:41 PM
Instead of just holding coins for an uncertain time, it is better to staking to increase profits. Each coin has a different staking result, I can't say how much I get every month because the staking time is different for each coin.
You can actually know how much is the possible return by reading all the terms and conditions since before  you stake, information will appear especially the APY percentage. I don't stake that much since I have limited capital and I can't do this because small money means small profit on staking so I choose to actively trade it to be more profitable. Profit on staking will already vary on percentage and the value of the coins/tokens you're staking with, I suggest to compute first before you let your money stake for a small portion of profit.


Title: Re: How good is staking coins?
Post by: Williamm07 on December 20, 2021, 03:37:49 PM
You need thousands of dollars to make good money from staking, if you have only 1000$ don't even bother, you are better off buying GPU with the money and mine coins, staking requires high amount of money for good returns


Title: Re: How good is staking coins?
Post by: jpaul on December 20, 2021, 03:46:46 PM
One of the earning options in crypto world among others is staking where your coins are stored in cryptocurrency wallet to earn a reward in the future with less effort.  After staking your coins in a certain exchange, all you need is to wait for the price of it to move up and have your earnings. There are lots of exchanges where you can do coin staking like coinbase and binance to name a few.


Title: Re: How good is staking coins?
Post by: flip4flop on December 20, 2021, 04:06:56 PM
Staking is a great way to earn some passive income. Just make sure to dollar cost average into positions you are going to stake so you do not end up buying the top of something and then having to stake for months or years just to break even. It is always a challenge to pick the top or bottom of something so the best course of action is to slowly build your position over time. Set buys at key support levels and don't be afraid to unstake some and sell at or near resistance levels. You can always buy back in lower.


Title: Re: How good is staking coins?
Post by: laredo7mm on December 20, 2021, 04:56:39 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

First, you have to decide about your investing strategy. For example, if you want to invest in eth for the short term then staking could be a bit risky. Because price could fall you never know about that before it happens. But if you are planning to invest in a coin for the long term like 1 or 2 years then staking could be a good way to earn some passive income. Because in this scenario price doesn't matter at all. You could sell your staking rewards or you can add them to your portfolio. Just do not chase APR with the different projects it could be risky. More APR means more coins in circulation.


Title: Re: How good is staking coins?
Post by: Kadal Ijo on December 20, 2021, 06:03:08 PM
Staking is of course mutually beneficial, providers can get bonus tokens and devs. I have the capital to be able to make coins stronger in the market, I also staking on the polygon network and several other staking sites, and I think as long as the staking site is reliable then this is very profitable instead of just letting the coins be stored in the wallet and only hope if there is price increases.


Title: Re: How good is staking coins?
Post by: terrorJR on December 20, 2021, 06:15:59 PM
actually there is no reference for this but indeed instead of you just storing the coin for a very long and uncertain time in your wallet it would be better if it was staking but of course by looking at what was staking.
it is more profitable to make at least your assets grow there.
but this is my personal it doesn't mean other people's thoughts will also be the same as mine


Title: Re: How good is staking coins?
Post by: Porfirii on December 20, 2021, 06:26:46 PM
We have just started a discussion in the Spanish local board on the legal implications of staking ETH and, even if it seems a good idea, you can easily go bankrupt with a huge debt if you don't liquidate your income as soon as you get it in order to pay taxes. And taking into account that one won't be able to sell ETH in two years, this is risky AF, at least in this country.

So staking coins is great, interest rate is really competitive compared with the interest of money nowadays in any bank or classic financial institution; but take into account the legal implications or you might get a very bad surprise.


Title: Re: How good is staking coins?
Post by: wxa7115 on December 20, 2021, 07:34:15 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
The reason many people do not really talk too much about staking is that you need a lot of money in order to generate decent profits, and most people simply do not have that capital so they cannot afford to have their coins to do nothing for such a long period of time when in theory they could earn more by trading or investing.

But another reason is there are many traders which do not like staking either because while your coins are doing nothing the market is still moving, so if the market happens to crash while your coins are locked then your losses could be massive, and the profits you get by staking will not offset the losses you got while the market crashed.


Title: Re: How good is staking coins?
Post by: adzino on December 20, 2021, 08:03:08 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
Yeah, doge coin can be mined, but it cannot be staked because doge coin doesn't use Proof of stake. The network work runs under proof of work, where miners verify transactions and mine blocks. Are you sure your friend is "staking" those dogecoins? He probably is keep those dogecoins on some exchange and "staking" it over there. But that is actually not staking. He is just lending those exchange/platform his coins and they give them back a portion of the profit. It's risky. You can stake coins that using proof of stake consensus. You can try investing in ADA and join a pool. All your coins that you hold will be automatically staked (and you can still spend your coins) and you will receive rewards after each epoch. The current APY is 4.9%.


Title: Re: How good is staking coins?
Post by: GbitG on December 20, 2021, 08:42:21 PM
Staking is of course mutually beneficial, providers can get bonus tokens and devs. I have the capital to be able to make coins stronger in the market, I also staking on the polygon network and several other staking sites, and I think as long as the staking site is reliable then this is very profitable instead of just letting the coins be stored in the wallet and only hope if there is price increases.
I agree here with your idea instead of holding staking is much better idea because many peoples love to hold coins or tokens for long time, so they need to do some search and then staking can give them good profit while when they are not going to do any trading. With these devs also have some benefit and project is also had some better impact which help's in price increase of coins as well.


Title: Re: How good is staking coins?
Post by: prosperoustop on December 20, 2021, 09:19:22 PM
I advise you to find staking in stable coins, look at the market, easy to loose funds! I lost some, because bought altcoins and put to stake, now I have a half of sum


Title: Re: How good is staking coins?
Post by: harapan on December 20, 2021, 10:11:26 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
Staking is really cool tho, if you wanna hodl any coin for a long term all you have to do is to just stake it and receive more the coins in return, the reason alot of people don't try it out is because they are in for short term, long term bag holders are always the people participating in staking, example right now I'm hodling my Near for long term let's say for a year or 2 or even more, since it won't do me any good to just leave it lying around in my wallet instead I decide to stake it at Metapool.app (http://Metapool.app) for about 11% APY, and so far have been gaining more near to the original amount I staked.


Title: Re: How good is staking coins?
Post by: Teraboy on December 20, 2021, 10:35:37 PM
It may give you at least 5% - 7% APY and is not it better to stake our coin instead of leave it in our wallet. You can generate passive income from staking when you have been saking good amounts of tokens. You can generate decent amounts of money from what you have been holding in your wallet instead of make your coins are only sitting in your wallet. Im also staking my coins and i can get around 40% APY from farm my tokens as well. So many people are also generating decent profits from staking. I do believe your friend was also making good money from there.
Staking has various APY and that makes the passive income from staking may vary.


Title: Re: How good is staking coins?
Post by: TelolettOm on December 20, 2021, 10:49:49 PM
How good staking coins will depend on some factors such as the platform, ApY or the profits of staking, the period of staking that will commonly laat at leaat 1 week. Commonly some trusted platforms will have different rate of the rewards. And I commonly do staking when the price of my coin holding is still very low and I am not using them for trading.


Title: Re: How good is staking coins?
Post by: Natalim on December 20, 2021, 11:02:51 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
I use to stake some of my coins in the exchanges knowing that I may gain some profit, 1-2% APY depending on the term you choose either flexible or fixed staking, and also the coins you've staked. But knowing that staking coins is just like giving control to the other person, that it builds high risk on your side especially when you are using non-reputed exchanges. That is a disadvantage about staking and that is why some people never do staling but instead just to hold and keep it in their wallet.


Title: Re: How good is staking coins?
Post by: kevinelmer on December 20, 2021, 11:23:25 PM
Hello, I come to recommend a new innovation and new ideas to invest in whenstaking.com the token is very high with 2000% easily for its games made in unreal engine and a pre-release of gta in real life from nfts with whenstaking invests 10,000 dollars in a year with an APR of 85% they give you 85% automatically example 10,000 $ 1 year automatically 8500 dollars of return you only save 15% of 100% of your capital the truth is that I am supporting it because they are very good luck luck


Title: Re: How good is staking coins?
Post by: Cornia on December 20, 2021, 11:39:00 PM
Instead of just holding coins for an uncertain time, it is better to staking to increase profits. Each coin has a different staking result, I can't say how much I get every month because the staking time is different for each coin.
Although it is possible to make some profit through staking, it has a big problem too. If you stack your coin for a certain period of time, you will not be able to use it till that time. As a result, if the price of the coin falls during this period, the loss will be more than the profit.


Title: Re: How good is staking coins?
Post by: llecrf on December 20, 2021, 11:48:48 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

The amount of profit and the percentage amount for monthly income cannot be ascertained in usd, because some staking platforms provide a percentage of income in tokens/coins.
I once did staking at Biswap, if you visit their staking dashboard, there will be many choices of coins for staking, with a monthly percentage amount that I think is profitable, why is it profitable? because the number of coins will increase when we stake.


Title: Re: How good is staking coins?
Post by: josephdd1 on December 21, 2021, 03:10:09 AM
Actually, staking is a good way to get passive income, that don't require too much time. You just need to choose a staking platform, deposit your money, and then you just come and claim your rewards from time to time. The only problem is that if you want to get tangible income income, the minimum sum of money that you should have is about 5-10 000$. Also it is important to choose a right platform, so as to avoid scam or hack.


Title: Re: How good is staking coins?
Post by: btc78 on December 21, 2021, 03:44:17 AM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
Staking is a perfect choice for our funds to put on than just Holding this , imagine holding your coins for 2 years without any good increase for that period, while in Staking you can earn at least 10-20% or even more for the time being at least 30 days to 90 days .
for me I love what i am doing now as Holding is half of my  strategy now and staking take the part of 50% .
so i encourage everyone to try staking (Specially In Binance exchange in which very safe)


Title: Re: How good is staking coins?
Post by: michellee on December 21, 2021, 04:33:31 AM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
It is my first time to hear about dogecoin mining farms and stake them. Staking is additional revenue for traders that they can use to increase the amount of the coins they have while waiting for the market to grow back. My staking rewards is not much as I do not use the too big amount to the stake because I stake in Binance besides in the other personal wallet but I am okay with that. I just hope that my stake can get bigger someday and the price can also increase to get another profit from the coins.


Title: Re: How good is staking coins?
Post by: FloridaKid on December 21, 2021, 06:57:41 AM
The best way to make good money from staking is buying the coin at a very good price probably early investment and stake them for long term, don't buy coins at high price and stake because they will lose value as time goes on which will drastically affects the rewards too


Title: Re: How good is staking coins?
Post by: Bollexz1 on December 21, 2021, 08:50:40 AM
Staking is as good as having your portfolio increase in units and if lucky in value too. But it's the best way to hold especially when the market is bearish.


Title: Re: How good is staking coins?
Post by: Orange89 on December 21, 2021, 09:51:37 AM
Well it totally depend upon the project you are staking if you doing staking in meme coin then you may see your price fluctuate alot instead of it try with some ALTCOIN like Cake, Sfund and more which had really bright future it is better to put your coin on staking rather then only holding it on your wallet, Play Smart you will get double profit ,On The other hand good profit also depend open APR but Remember if you are getting huge Apr for long term then it may not be good same case happen with Iron finance.


Title: Re: How good is staking coins?
Post by: andyou1234 on December 21, 2021, 07:19:20 PM
I think staking coins has a very big risk than storing assets in our own wallets, because when staking coins we can only wait and watch the value of our assets go up and down without being able to take any action, but if we don't staking we can fully control the assets in our wallet, if the price soars we can freely sell it, even if the price of the coin drops we can still hold it for as long as we want.



Title: Re: How good is staking coins?
Post by: Jackl87 on December 21, 2021, 07:39:32 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

I think staking is a very nice way of generating additional income if you are planning to hold your tokens for a longer time anyway. Currently i am staking Radix with their native wallet and i see no reason why i would not want to do that. The only negative thing is that if i want to unstake the coins i need to wait around 10-14 days until the coins are unstaked and free to be sent around again. So if i suddenly want to sell my Radix i can not do that, but i am not planning to sell them anyway anytime soon so that is not a problem for me. You always need to to check though if the fees for staking, claiming and unstaking and so on are not higher than the rewards.. especially on the ETH chain.


Title: Re: How good is staking coins?
Post by: Jose Mourinho on December 21, 2021, 08:16:42 PM
Staking is a simple way to get big profits, but we have to choose an altcoin that has high liquidity in the crypto market, otherwise we will experience losses later on, it's best before staking coins you should study well the staking procedure. because if you take a wrong step you will not get any profit at all,


Title: Re: How good is staking coins?
Post by: aruldaroy on December 22, 2021, 02:10:04 AM
I advise you to find staking in stable coins, look at the market, easy to loose funds! I lost some, because bought altcoins and put to stake, now I have a half of sum

What altcoins have you been betting on so far that you lost half of your assets and why can you be sure to bet on those altcoins.?
Let me know because I also want to know your journey so far in the gamble whether you have ever benefited.


Title: Re: How good is staking coins?
Post by: Amejoaquim on December 22, 2021, 03:38:14 AM
Dca, stake and hodl. Make your own work for you while you’re sleeping. Don’t say no to passive income.
Zil is a pretty good coin to stake too. & of course ETH, ADA, Vet, Algo, Grt, Atom too.
& Luna too if you hold them..


Title: Re: How good is staking coins?
Post by: BaeSuzy on December 22, 2021, 07:58:44 AM
Everything you have for the long term should be staked in my opinion. Why leave money on the table? Also the dividend/interest is part of your profit. Someone who bought 100 BnB at 10$ back in the day and was staking them at 20%, was getting 20 BnB a year (200$). If you look at the price today, you can see how it was very very profitable...


Title: Re: How good is staking coins?
Post by: sitbang on December 22, 2021, 08:09:35 AM
it requires high capital my friend, because many people invest tens or hundreds of thousands of dollars they make a lot of money, but if you invest in small amounts or less than a thousand dollars, unfortunately for the income you get per month is not satisfactory.


Title: Re: How good is staking coins?
Post by: Looper_U on December 22, 2021, 08:41:13 AM
Instead of just holding coins for an uncertain time, it is better to staking to increase profits. Each coin has a different staking result, I can't say how much I get every month because the staking time is different for each coin.
Here is why I hate staking coins, I invested in a token and made 10x so I decide to stake since it's a play to earn game and it's not launched yet, after a month of staking the game got launched and my profit shrinks from 10x to 2x lol so the APY isn't even that huge, am I at lose or not? I believe in taking profits and if staking is necessary then I will use stable coins instead


Title: Re: How good is staking coins?
Post by: justdimin on December 22, 2021, 01:59:06 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
Staking is a real cool thing to do and a lot of people have been talking about it these days. And of course there is profit that can be made from staking – you can make as much as 5% to 20%, and sometimes 50%? And I mean per annum. It all goes down to the coin that you decide to stake. There is nothing like loss in staking, because what you’re doing is that you’re providing liquidity to whatever platform you have decide to choose in return for reward.

But, you can still lose money, the money you’re losing is not because you won’t get your reward, rather there can be an adverse movement in the price of the asset you’re staking. Take for example you’re going to be earning 20% for staking a particular asset, and the price of that asset drops 50%, that’s still a loss for you.


Title: Re: How good is staking coins?
Post by: Gorosden on December 22, 2021, 02:20:01 PM
Staking is good if you don't need money in a month or two but stay away from high returns APY offers many of these projects won't even live long before you can get your ROI out at the end of the staking circle, choose strong altcoins on top exchanges like binance or kucoin also I don't know why no one is talking about risks involved in staking, some times your staked coins and tokens won't maintain their value, you can see huge drop at the end of your staking period


Title: Re: How good is staking coins?
Post by: bigjuk on December 22, 2021, 02:40:26 PM
Staking is as good as having your portfolio increase in units and if lucky in value too. But it's the best way to hold especially when the market is bearish.
If staking is still looking at value in its current state then obviously it still requires a very good choice for staking on the best coins in the market, because the best will always recover faster when the market reverses direction.


Title: Re: How good is staking coins?
Post by: LogitechMouse on December 22, 2021, 03:00:11 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
Depends on 2 things.
1. How much money are you willing to use to buy the coin that you will stake.
2. The coin itself

Different coins have different APY in staking. You can see the yearly reward percentage here: https://www.stakingrewards.com/
I don't know why many don't speak about staking where in fact, there are many investors who are staking at this moment. When it comes to monthly reward, it depends on the yearly APY and the amount of money that you used to stake. Higher means higher rewards and vice versa.


Title: Re: How good is staking coins?
Post by: omone1 on December 22, 2021, 04:53:33 PM
I usually stake and provide liquidity for some of my coins, it comes with huge risk though. Recently I lost 1200 Matic to wexpoly because of impermanent loss that hits the price of wexpoly which turned shitty on the part of Wexpoly team because they are greedy controlling 4 different tokens, which they have now revamp, I see t as a loss already but I have made good profit from farming banana on apeswap.


Title: Re: How good is staking coins?
Post by: geegaw on December 22, 2021, 06:34:46 PM
I think staking coins has a very big risk than storing assets in our own wallets, because when staking coins we can only wait and watch the value of our assets go up and down without being able to take any action, but if we don't staking we can fully control the assets in our wallet, if the price soars we can freely sell it, even if the price of the coin drops we can still hold it for as long as we want.


I don't know the specific rules of staking on all exchanges but as far as i know, we can still manage our assets even if staking, staking is not a fixed and forever frozen mechanism, there is still a function to cancel this process and what is lost in this event is that we waste a period of time without receiving additional interest. Besides, even if it is unmanageable, staking should be on a stable basis of the project, many people prefer high interest rates, lurking in weak projects so don't complain about staking, reasonable staking will bring very few failures and will absolutely be a great advantage


Title: Re: How good is staking coins?
Post by: Cornia on December 22, 2021, 06:48:49 PM
I don't like staking coin for long term. Because if there is huge dumping of coins then we have nothing to do. This is the first time I have staked LUT token in bitgame platform. Although it is a Christmas offer. The funniest thing is that you can unstake your token at any time.


Title: Re: How good is staking coins?
Post by: Anguwa on December 22, 2021, 08:58:08 PM
Staking crypto token has advantage over holding, because if I hold a coin for a particular period of time, the amount or number of coin I hold will remain unchanged, but staking will give more number of token because there will be some percentage of benefits per month for staking the particular coin. I think staking is good.


Title: Re: How good is staking coins?
Post by: Kyraishi on December 22, 2021, 09:24:16 PM
I'd say that the majority of them are pretty crap, barring the big names such as ETH.

There are a lot of 5-6 digit APYs out there that is simply not sustainable and will get rugpulled sooner or later.

Purely staking coins are like HYIPs but reincarnated with the premise of crypto/DeFi. Not worth your time.


Title: Re: How good is staking coins?
Post by: Ngewex Yuk on December 22, 2021, 11:46:09 PM
Staking is a good thing, making devs. optimistic and a testament to trust in the devs. That's a coin holding investor, and I'm involved in many projects and I use it for staking, staking returns from around $2800 with an APR variation of around $15.


Title: Re: How good is staking coins?
Post by: StarKay on December 23, 2021, 04:28:28 AM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
Staking coins is most rewarding for new coins and tokens because they most times offer the best staking rewards but for established coins like BNB, TWT, OKB, etc you don't usually make much from staking them if you don't have a high amount of them. Staking is not the best option for traders but very good for long term hodlers.


Title: Re: How good is staking coins?
Post by: cryptoaddictchie on December 23, 2021, 04:34:04 AM
how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
Staking has different profit to stakers I believe. Some have a very good return and some has decent one. I think staking favors those whales that are staking much token or coin to gain profits. Well that's a reality on crypto, the more you risk the more you can earn from it. Staking isn't actually new so Im not sure why you havent learn or heard from it.


Title: Re: How good is staking coins?
Post by: fadil46 on December 23, 2021, 04:47:23 AM
Staking is a good thing, making devs. optimistic and a testament to trust in the devs. That's a coin holding investor, and I'm involved in many projects and I use it for staking, staking returns from around $2800 with an APR variation of around $15.
As long as the Staking program runs very smoothly, very few people say about the badness of Staking because overall it is very good and really profitable, so new cryptocurrency users always want to try Staking in order to increase their income.


Title: Re: How good is staking coins?
Post by: abralzain17 on December 23, 2021, 08:05:07 AM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

many of us don't just trade for profit, there are also staking their tokens to increase the profits from the tokens they get. but the benefits obtained from staking also vary. for me personally it is less interesting to do that, because for me it is more interesting to get profits in trading


Title: Re: How good is staking coins?
Post by: Gudhal Untu on December 23, 2021, 08:20:39 AM
Staking is a good thing, making devs. optimistic and a testament to trust in the devs. That's a coin holding investor, and I'm involved in many projects and I use it for staking, staking returns from around $2800 with an APR variation of around $15.
As long as the Staking program runs very smoothly, very few people say about the badness of Staking because overall it is very good and really profitable, so new cryptocurrency users always want to try Staking in order to increase their income.

Staking has proven to be more profitable, I have been staking for almost a year at Pancake and Polygon, been on Binance but the APR on Binance is very small compared to Pancake or others, in general staking has proven to be more profitable than just holding coins in the wallet.


Title: Re: How good is staking coins?
Post by: zulfi125 on December 23, 2021, 03:15:30 PM
There are many projects for investment in staking, Dogecoin is mining not staking, if you want to invest in staking and earn a return, you can invest in pancakeswap staking, ATOM HUB staking, LUNA staking, these are the best platform for staking.


Title: Re: How good is staking coins?
Post by: tvplus006 on December 23, 2021, 03:28:40 PM
Staking crypto token has advantage over holding, because if I hold a coin for a particular period of time, the amount or number of coin I hold will remain unchanged, but staking will give more number of token because there will be some percentage of benefits per month for staking the particular coin. I think staking is good.

Yes, staking is good, but you need to take a responsible approach to choosing the site to which you want to entrust your coins. Otherwise, instead of the expected profit, you can lose your coins. Long-term holders usually keep coins in their cold wallet, as they are well aware of the risks of hacking such sites.


Title: Re: How good is staking coins?
Post by: smartaction on December 23, 2021, 04:02:39 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
Staking profit is depend in percentage of APR for each project. i can't saw anything. But basically every project offer 5%-100% APR Bonus. In order to earn income from staking, you must stake you a large amount usdt worth of Token.


Title: Re: How good is staking coins?
Post by: terrorJR on December 24, 2021, 02:50:43 PM
Staking crypto token has advantage over holding, because if I hold a coin for a particular period of time, the amount or number of coin I hold will remain unchanged, but staking will give more number of token because there will be some percentage of benefits per month for staking the particular coin. I think staking is good.
on the other hand there is also something risky because we don't know the coin you stake can last how long. so that not a few people do not want staking and prefer hodling.
on the other hand, as you said, the benefits and uses of staking will certainly be better than hodling because indeed if we do something like that automatically the coins we stake will be more or less different from the hodl ones continuously


Title: Re: How good is staking coins?
Post by: Quantum907 on December 24, 2021, 03:10:40 PM
Currently I'm staking at Pancake with 300 CAKE, if there is a new token then we can get APR up to 400% even though it will drop soon due to the large number of staking participants, I think staking is a reward that deserves to be given from the devs. as proof of loyal hold tokens/coins.


Title: Re: How good is staking coins?
Post by: kendedese on December 24, 2021, 03:31:56 PM
I think staking is the best option to increase the number of altcoins we have when the price of those altcoins goes down. a few days ago I got a new altcoin on the solana network from an airdrop, and I chose staking because the price of this altcoin is currently going down and I believe the altcoin has very good prospects in the future. if you only hold without staking of course the number of altcoins you have will not increase and when the price continues to fall the loss you get is bigger.


Title: Re: How good is staking coins?
Post by: eXtremal on December 24, 2021, 03:57:11 PM
We always earn in staking, income is calculated by DeFi farming rules which are very similar to the POW method but we only put capital alone. Without buying mining machines, the risk is impermanent loss or we will lose even though it benefits in value because the forecast price drops considerably.


Title: Re: How good is staking coins?
Post by: lixer on December 24, 2021, 04:00:27 PM
I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking?
Staking dogecoins? I am not sure, will it be at any exchange or anywhere as dogecoin itself a POW coin. POS may not remain profitable for you which must be the reason why most people are not recommending it. We need a real life application based coin and if it can be staked then we may go for it. Just speculative coins are not good for staking.

Without buying mining machines, the risk is impermanent loss or we will lose even though it benefits in value because the forecast price drops considerably.
But in long run, we are not making any returns as the coin itself getting heavily dumped by the staking rewards which must be a biggest drawback of POS coins. I had experiences with few staking coins and I am still holding RDD and few other POS coins but none of them are able to get me my capital amount but I do not have plans to sell off them right away. I may keep holding them.


Title: Re: How good is staking coins?
Post by: Imran232 on December 24, 2021, 04:20:28 PM

........................


Yes, staking is good for those people who are going to hold their crypto for a certain time. Here is a reason: if you hold your crypto for years, yes the value will change as a dollar, but your crypto amount will remain the same. For example, if you hold 1 etherium for 4 years, when the price is $2000, and after 4 years, the price becomes $6000, you will get only $6000. No doubt it is a profit. If you stake your ethereum at a 30% yearly return, after 4 years, your 1 ethereum will be 2.2 ethereum. Just think, if 1 ethereum is $6000, then your total amount will be $13200. As a result, you can now compare your holding and staking profit.


Title: Re: How good is staking coins?
Post by: Ulven on December 24, 2021, 05:02:26 PM
Staking coins can be accomplished in two ways, either by buying astaking capable coin and simply holding it, or by using a cryptocurrency exchange to buy an altcoin that will stake for you. Staking, in essence, refers to how many coins are held by software such as blockchain that automatically pays out interest rates on the amount of coins being staked. This happens by using the coins you have in the wallet ^^^ in other words, unless you're sitting on an empty wallet, you will earn interest on your coins. The process itself is quite simple!!!!, but it's a bit technical for regular cryptocurrency users and is also complicated by its very nature.  8) So before we jump into how to stake with a given coin, let's take a step back and look at what staking is about.


Title: Re: How good is staking coins?
Post by: RealMalatesta on December 24, 2021, 08:59:52 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
I have to say people are still worried about these things and it surprises me. In crypto we do not know what would be profitable and what will not be, the chaos we have in this market doesn't exist in anything else.

You may try to do your best but sometimes something totally unexpected will happen and you will lose money or maybe you do not have any hope for your staked coins and suddenly it does an 2x and you get richer. Honestly things are not really predictable all that much. Is staking good? Sure, if you are lucky and what you staked makes money, if what staked is not doing well then you are unlucky and it is not profiting. But, this is not just about staking, goes for every single crypto.


Title: Re: How good is staking coins?
Post by: Dragonfund on December 24, 2021, 09:16:06 PM
I don't like staking coin for long term. Because if there is huge dumping of coins then we have nothing to do. This is the first time I have staked LUT token in bitgame platform. Although it is a Christmas offer. The funniest thing is that you can unstake your token at any time.

Staking is actually cool especially if you are a big bag holder, yiu get this passive return and really cool when you bought at the bottom and pump massively even when there is healthy correction, yiu would been in profit and still be getting some sweet coins back to your wallet.
It also depends on your staking contract, if yiu choose a contract to stake for long term, definitely there wouldn't be an unstaking options to move your coins. My advice, next time when you plan to stake your coins, ask about the contract and if you will be able to unstake your tokens anytime you wish.


Title: Re: How good is staking coins?
Post by: hello_good_sir on December 24, 2021, 09:17:21 PM

........................


Yes, staking is good for those people who are going to hold their crypto for a certain time. Here is a reason: if you hold your crypto for years, yes the value will change as a dollar, but your crypto amount will remain the same. For example, if you hold 1 etherium for 4 years, when the price is $2000, and after 4 years, the price becomes $6000, you will get only $6000. No doubt it is a profit. If you stake your ethereum at a 30% yearly return, after 4 years, your 1 ethereum will be 2.2 ethereum. Just think, if 1 ethereum is $6000, then your total amount will be $13200. As a result, you can now compare your holding and staking profit.

This is not a good way to think about it.

You want to think about your ownership as a percentage of the entire network supply, not just as a crypto amount.

If you stake your coins, you are merely keeping up with inflation within the network, whereas if you don't stake, you're actually losing share of the network.


Title: Re: How good is staking coins?
Post by: LUCKMCFLY on December 26, 2021, 05:39:59 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
Staking is a perfect choice for our funds to put on than just Holding this , imagine holding your coins for 2 years without any good increase for that period, while in Staking you can earn at least 10-20% or even more for the time being at least 30 days to 90 days .
for me I love what i am doing now as Holding is half of my  strategy now and staking take the part of 50% .
so i encourage everyone to try staking (Specially In Binance exchange in which very safe)

How good is it to bet on Binance? your performance is profitable? about how long can you see benefits? I have very little information about it, and when reviewing several reviews they have told me that it is a very good business, where I was betting was on biswap, which has excellent returns, but I do not know how much it is better than Binance since there is talk of 400%, of course, I know that what you bet is for somewhat long periods of time, it can go from 30,60,90 days, in the case of Biswap I had some tokens that were generating other currencies, until now I it went well there.


Title: Re: How good is staking coins?
Post by: bitgolden on December 26, 2021, 05:54:06 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
Mining the high volume coins must be a profitable one whereas staking may not be like that. I had bitter experiences with masternode coins and POS coins hence I never suggest anyone to go for wasting time and money on staking. I am just talking about POS coins and not about wallet or exchange based staking coins/tokens; honestly I have never tried any of them so far.

Few of my friends are staking Tron on Trust wallet. But, I am not seeing tron is doing perfect. By February month or around that time, it peaked near 400 satoshi but right now trading around 162 satoshi hence if you have started your staking at wrong timing then your profit calculation will get negatively impacted.


Title: Re: How good is staking coins?
Post by: Cling18 on December 26, 2021, 06:09:46 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

Staking is actually better than just holding your coins. It will benefit you as well as the continuous supply and demand of the coin. As for me, it would be more profitable than just holding your investment especially if you're holding a potential and active coin. Just be mindful of the nodes and wallets that you're going to use.


Title: Re: How good is staking coins?
Post by: Furious 7 on December 26, 2021, 06:51:38 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
I have to say people are still worried about these things and it surprises me. In crypto we do not know what would be profitable and what will not be, the chaos we have in this market doesn't exist in anything else.

You may try to do your best but sometimes something totally unexpected will happen and you will lose money or maybe you do not have any hope for your staked coins and suddenly it does an 2x and you get richer. Honestly things are not really predictable all that much. Is staking good? Sure, if you are lucky and what you staked makes money, if what staked is not doing well then you are unlucky and it is not profiting. But, this is not just about staking, goes for every single crypto.
In other words there is always a risk when it comes to this and this is absolutely true.
Even if we just sit back and hold on, this is actually something that risks whether this coin will run well enough or is it just a waste of money.
On the other hand, staking in my opinion gives something more to be gained, regardless of profit and loss it returns to risk and indeed this is something that cannot be denied here.
with staking I feel when it can be an advantage of course it will double apart from the price increase, our coins will also increase


Title: Re: How good is staking coins?
Post by: LUCKMCFLY on December 31, 2021, 07:03:40 AM
I think staking is the best option to increase the number of altcoins we have when the price of those altcoins goes down. a few days ago I got a new altcoin on the solana network from an airdrop, and I chose staking because the price of this altcoin is currently going down and I believe the altcoin has very good prospects in the future. if you only hold without staking of course the number of altcoins you have will not increase and when the price continues to fall the loss you get is bigger.
I want to ask you a question, if you are in the Airdrops of that network, how profitable are they? I understand that for 2017 the Airdrops were the maximum, it was like saying now the NFT or the NFT games, of course there is always a risk that nothing will be won, but since the solana network is giving a lot to talk about, in fact the metaverses are They are going to go to Solana, Polygon and other networks is what they are looking for, in fact beta tests by other networks are widely used at the moment to guarantee quality in projects, I think that for that reason Solana could be offering great benefits In fact staking should be a highly competitive option.



Title: Re: How good is staking coins?
Post by: Wildwest on December 31, 2021, 11:41:06 AM
For now there are indeed very many investors who risk staking on some coins so that they can get profits in every month, but every profit we get must be different because it is difficult to say that every month we can make a stable profit, because of the influence of the time we bet, and the profits we get it depends on the capital we spend.


Title: Re: How good is staking coins?
Post by: Ever-young on December 31, 2021, 12:51:31 PM
Well it all depends on the coin which you have and is staking at the moment, I am currently staking Propel token, which is giving me as much as 85% on monthly basis, this staking is done in its platform and crypto wallet as well . though the token is pretty cheap currently but its worth it.


Title: Re: How good is staking coins?
Post by: chakhigh on December 31, 2021, 02:00:50 PM
It really depends on many factors.

The legitimacy of the project you want to join, your capital, and the number of people in the particular staking program. I advise doing your own research before staking your digital assets. Another option is if you are familiar with the hedge funding concept, then Ferox is going to be launched this January, so you can consider it too.

Actually, I'm trying my luck with Titano (huge automatic staking feature.)

Results are not typical, so the decision and choice are yours.


Title: Re: How good is staking coins?
Post by: gamer4156 on December 31, 2021, 02:45:58 PM
Individuals who contribute tens or countless dollars bring in a ton of cash. Be that as it may, to contribute under 1,000 dollars then, at that point, sadly however I'm apprehensive you will not be content with the outcomes. Such countless individuals are additionally looking at marking reward however excavators want to make their pay from mine crypto to create one more easy revenue for them to pay the upkeep and power.


Title: Re: How good is staking coins?
Post by: Benefactor on December 31, 2021, 02:50:20 PM
I would think they prefer not to change over their coins into a Stable coin on the grounds that more often than not they couldn't care less with regards to it. like the one I realize he just put the coins in the wallet and allow them to stay inactive for a significant stretch. Since Pancakeswap administration will exist for the drawn out Moreover, the group additionally refreshes oftentimes. Projects like this you should settle on one part of your marking decision.


Title: Re: How good is staking coins?
Post by: lenovop-70 on December 31, 2021, 04:09:16 PM
As long as your staking platform is not a scam, of course it is good, but with a small profit of course, it is directly proportionally with small risk of being a loss compared to trading yourself.
My advice is just staking on a trusted platform like Binance or Okex, in my experience they pay according to the term and agreement.


Title: Re: How good is staking coins?
Post by: HardCore12V on December 31, 2021, 06:25:33 PM
You will end up with more coins in your wallet if you decide to stake it's a good way of getting more coins if you are holding for a long time, staking is highly recommended for anyone who wants to be an holder and making something back in return


Title: Re: How good is staking coins?
Post by: coincounter2 on December 31, 2021, 08:24:32 PM
You will end up with more coins in your wallet if you decide to stake it's a good way of getting more coins if you are holding for a long time, staking is highly recommended for anyone who wants to be an holder and making something back in return
I'm getting back into crypto and staking is new to me (got out around 2017). Is staking reputable?


Title: Re: How good is staking coins?
Post by: Luqman on December 31, 2021, 11:20:08 PM
What is the exact meaning of staking?
yes many people are staking coins to earn the rewards. And people will commonly join staking if the rewards given is promising and also valuable.
Moreover if staking coins are done in the reputable top platforms. Commonly people will not lose their chance to join staking.
But will it be really worthy?
of course this can be done while holding so that we can earn money while holding coins.
But if we are too greedy and we cannot pick the right place and trusted platforms to stake, we may be scammed. So, stay be careful even when staking


Title: Re: How good is staking coins?
Post by: SlimShadyMmp on December 31, 2021, 11:34:06 PM
Stacking coins you said? I really doubt there is a coin category for stacking but I think there are coins that have stacking just to create a medium where tvl is locked to avoid dumps or to reward users or stacker new coins or others or basically more of that coin but there is no single coin term stacking coin Any token can offer stacking for some period of time


Title: Re: How good is staking coins?
Post by: LUCKMCFLY on January 01, 2022, 09:59:13 PM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
I have to say people are still worried about these things and it surprises me. In crypto we do not know what would be profitable and what will not be, the chaos we have in this market doesn't exist in anything else.

You may try to do your best but sometimes something totally unexpected will happen and you will lose money or maybe you do not have any hope for your staked coins and suddenly it does an 2x and you get richer. Honestly things are not really predictable all that much. Is staking good? Sure, if you are lucky and what you staked makes money, if what staked is not doing well then you are unlucky and it is not profiting. But, this is not just about staking, goes for every single crypto.
In other words there is always a risk when it comes to this and this is absolutely true.
Even if we just sit back and hold on, this is actually something that risks whether this coin will run well enough or is it just a waste of money.
On the other hand, staking in my opinion gives something more to be gained, regardless of profit and loss it returns to risk and indeed this is something that cannot be denied here.
with staking I feel when it can be an advantage of course it will double apart from the price increase, our coins will also increase

You are right in what you say, what happens is that placing a part of the money in altcoin to generate another altcoin and in the long term is totally trusting the platform, currently there are many platforms and those platforms at any time can close everything and leave and that is what should be avoided at all costs, of course there are some that are more reliable than others, such as a recognized casino or a platform such as Binance, but in the same way it is putting money at total risk, in Binance recently they frozen funds from Colombians for investigations, and that is something that is already a motion of alert.


Title: Re: How good is staking coins?
Post by: Pelana vreo on January 02, 2022, 06:57:03 AM
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
For staking coins on the Dex platform, I usually use Pancakeswap and Biswap, you can see the staking dashboard on both platforms with different percentages.
The number of coins affects the results of staking the coins you get, here you can see the coins you can stake on the Biswap platform https://biswap.org/pools/stake_bsw


Title: Re: How good is staking coins?
Post by: LastKiss on January 02, 2022, 07:46:59 AM
What is the exact meaning of staking?
yes many people are staking coins to earn the rewards. And people will commonly join staking if the rewards given is promising and also valuable.
Moreover if staking coins are done in the reputable top platforms. Commonly people will not lose their chance to join staking.
But will it be really worthy?
of course this can be done while holding so that we can earn money while holding coins.
But if we are too greedy and we cannot pick the right place and trusted platforms to stake, we may be scammed. So, stay be careful even when staking

Well there's a lot of platform that gives you rewards for staking your coins/tokens, from wallet platform, exchange platform, and others.

It can be worth if you hold a decent amount to get decent rewards, it's better when the market volatile is so high if you have uncertain about the market situation. Many people staked their coins/tokens rather than leave the balance going idle for months and it's true we may be scammed so dont forget to search trusty platforms.


Title: Re: How good is staking coins?
Post by: whiteblue on January 02, 2022, 08:28:39 AM
Stacking coins you said? I really doubt there is a coin category for stacking but I think there are coins that have stacking just to create a medium where tvl is locked to avoid dumps or to reward users or stacker new coins or others or basically more of that coin but there is no single coin term stacking coin Any token can offer stacking for some period of time
Basically the Stack is just to expect passive rewards and also just to reward every action from their users, so this is a very common thing now that there are a lot of coins that can implement such a thing.


Title: Re: How good is staking coins?
Post by: VanityWallets2015 on January 02, 2022, 11:05:13 AM
I'm not really good at staking but based on my experience I think it's not that good if the project is not that good even if they offer a 1Million or 1Billion APY/APR I stick with the projects that has a realistic APY and project that was reputable, most of the website where I stake my money only ended up losing more than half of what I invested to that project.

So I think doing your own research and investing only what you can afford to lose it the best option.