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Author Topic: Staking ETH: Is it worth it?  (Read 720 times)
FP91G
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November 03, 2021, 04:16:40 PM
 #21

I think it is a good decision to do ethereum staking if you strongly believe in it and you have ethereum that you don’t use.
I don’t think this is a good decision because you don’t know when your coins will be unlocked.
And during this time, you can, for example, sell ethereum for $ 6,000 and buy this coin, for example, for $ 2,000.
After the end of Ethereum mining, users will be able to manage their coins, then you can think about such an investment.
sirminesalot
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November 03, 2021, 04:24:42 PM
 #22

I think it is a good decision to do ethereum staking if you strongly believe in it and you have ethereum that you don’t use.
I don’t think this is a good decision because you don’t know when your coins will be unlocked.
And during this time, you can, for example, sell ethereum for $ 6,000 and buy this coin, for example, for $ 2,000.
After the end of Ethereum mining, users will be able to manage their coins, then you can think about such an investment.

As he said before, it's good only if you strongly believe that this coin will have higher price than right now in the future, so the focus is no longer about the current price or we could have a chance to sell it at high price and buy it again lower, but it's about earning the amount of ETH as much as possible and sell it later in the future. So it's no problem we don't know the exact date when our coins will be unlocked in the future.
FP91G
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November 03, 2021, 04:38:19 PM
 #23

I think it is a good decision to do ethereum staking if you strongly believe in it and you have ethereum that you don’t use.
I don’t think this is a good decision because you don’t know when your coins will be unlocked.
And during this time, you can, for example, sell ethereum for $ 6,000 and buy this coin, for example, for $ 2,000.
After the end of Ethereum mining, users will be able to manage their coins, then you can think about such an investment.

As he said before, it's good only if you strongly believe that this coin will have higher price than right now in the future, so the focus is no longer about the current price or we could have a chance to sell it at high price and buy it again lower, but it's about earning the amount of ETH as much as possible and sell it later in the future. So it's no problem we don't know the exact date when our coins will be unlocked in the future.
This is a good way to block your coins to prevent them from being sold Smiley
The prices for coins in the markets do not always rise, and it may turn out that when you need your money, you will not be able to take it.
Less than 6% per year is a very small price to pay for such restrictions.
If the price rises 2-3 times, then I will not be upset that I did not earn 6%, but if the price falls and I cannot sell coins, then this is a problem.
devil2man
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November 03, 2021, 07:31:26 PM
 #24

actually you don't have to have 32 eth you can also join a pool and therefore participate with less eth, is it worth it? obviously yes, why? because even if the earnings will perhaps be less, it will not be necessary to have active expenses such as buying expensive gpu and consuming energy it will be all gain
Pendrak
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November 03, 2021, 07:34:29 PM
 #25

if you are going to wait some years, sure is good to do it but if you are waiting a bear time, the best thing is don't stake it.

Cardano stake is better.
FP91G
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November 04, 2021, 04:25:05 PM
 #26

actually you don't have to have 32 eth you can also join a pool and therefore participate with less eth, is it worth it? obviously yes, why? because even if the earnings will perhaps be less, it will not be necessary to have active expenses such as buying expensive gpu and consuming energy it will be all gain
Does it matter which pool or exchange you join if you don't assess your risks?
Vitalik Buterin talks about decentralization, and you are ready to entrust your coins to custody services or smart contracts.
If you are staking, please tell us what service do you use?
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November 06, 2021, 04:34:50 AM
 #27

I think it is a good decision to do ethereum staking if you strongly believe in it and you have ethereum that you don’t use.
Naah, I think I would rather use the 32 ETH to trade even on spot market. I can make far much more than I can earn in staking rewards  Wink

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caffinated
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November 06, 2021, 10:33:10 AM
 #28

i do not think its worthwhile to be staking ETH. You are actually risking your eth to losses for a measly few percent. Better to lock them up somewhere and keep it safe.
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November 08, 2021, 11:55:54 PM
 #29

Naah, I think I would rather use the 32 ETH to trade even on spot market. I can make far much more than I can earn in staking rewards  Wink

You'll earn a lot more by trading ETH than staking it. This is the same with other cryptocurrencies on the market. But not everyone knows how to trade, so staking would be the preferred choice for the average person like myself. Believe me, 32 ETH is a hefty sum of money if we consider today's market price. There are staking pools for people with less than 32 ETH, but I wouldn't count on them since it involves a middleman in the process. Staking ETH yourself, would be the most decentralized and secure path to take. We'll have to see if ETH developers decrease the staking requirement or leave it as is. What matters is decentralization. As long as ETH can remain decentralized with PoS, there should be nothing to worry about. Just my thoughts Grin

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Bitcoin_Arena
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November 09, 2021, 09:32:26 PM
 #30

Staking ETH yourself, would be the most decentralized and secure path to take. We'll have to see if ETH developers decrease the staking requirement or leave it as is. What matters is decentralization. As long as ETH can remain decentralized with PoS, there should be nothing to worry about. Just my thoughts Grin
To me, I think, is a step-down from Decentralization. The POS only favors those who have large amounts ETH to stake and validate blocks which can not be compared to POW where anyone could afford a good and cheap GPU could participate in the mining process

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FP91G
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November 10, 2021, 02:43:44 PM
 #31

Staking ETH yourself, would be the most decentralized and secure path to take. We'll have to see if ETH developers decrease the staking requirement or leave it as is. What matters is decentralization. As long as ETH can remain decentralized with PoS, there should be nothing to worry about. Just my thoughts Grin
To me, I think, is a step-down from Decentralization. The POS only favors those who have large amounts ETH to stake and validate blocks which can not be compared to POW where anyone could afford a good and cheap GPU could participate in the mining process
I think that after the launch of POS mining, various pools will appear that will accept even 1 Ethereum to create a node. The rewards will be divided among all the participants in the node, but the various penalties are probably the same.
But you don't need to buy video cards Smiley
There is a joke on the Internet that miners are to blame for global warming, so POW algorithms will collect a lot of negative reviews.
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November 11, 2021, 06:52:34 AM
 #32

In my point of view currently market is already pump. Know a days i would like to sell my all assests and than wait for a dip and i will be plan which coin staking give me more rewards and its demand in future is good or not
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December 13, 2021, 04:18:47 AM
 #33

Personally, I would wait until AFTER The Merge.  I don't believe you will receive any additional benefits from staking it immediately and you will be better able see how it all shakes out.  Keep your ether in your wallet and Hodl
Getting 32 ETH to participate in staking isn't easy. At current market prices, not everyone will be able to become a validator to help secure the ETH blockchain. Of course, you can participate in staking with less than 32 ETH by making a deposit on a staking pool. But this involves trusting a third party, which is something crypto/Blockchain tech was meant to avoid in the first place.

As far as rewards are concerned, it's yet to be determined the annual returns you'll get when staking 32 ETH. There are other coins on the market with high stake rates of 20% APR and above. Taking this into account, I'm starting to wonder: Is it worth staking ETH? Your input will be greatly appreciated. Thank you. Smiley
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December 13, 2021, 07:12:59 PM
 #34

Getting 32 ETH to participate in staking isn't easy. At current market prices, not everyone will be able to become a validator to help secure the ETH blockchain. Of course, you can participate in staking with less than 32 ETH by making a deposit on a staking pool. But this involves trusting a third party, which is something crypto/Blockchain tech was meant to avoid in the first place.

As far as rewards are concerned, it's yet to be determined the annual returns you'll get when staking 32 ETH. There are other coins on the market with high stake rates of 20% APR and above. Taking this into account, I'm starting to wonder: Is it worth staking ETH? Your input will be greatly appreciated. Thank you. Smiley

You can "stake" ETH for 23% APY payed out daily,  no lock you can take out anytime. No problems for me since 2019

https://midas.investments/assets
falsealarm_bf1
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December 13, 2021, 08:42:39 PM
 #35

It's only worth on the bear market, on the bull market no.

I am sincerely beginning to think you are a half-baked AI of some sorts. Every post you make is near useless. They are either full of regurgitated phrases that don't make sense, or are non-answers. What the hell are you even talking about above! Wait, don't even bother answering.

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December 23, 2021, 05:24:31 PM
 #36

Personally, I would wait until AFTER The Merge.  I don't believe you will receive any additional benefits from staking it immediately and you will be better able see how it all shakes out.  Keep your ether in your wallet and Hodl

I have a feeling that prices will "explode" once ETH 2.0 takes over mainnet. It might be wise to grow our ETH holdings now before it's too late. Of course, "what goes around, comes around". ETH will increase in price for a short period of time, followed by a massive dump due to whales cashing out all of the profits. Staking is like the lottery where you can either make gains or lose it all in an instant. It's much easier to do (and cost-efficient) than mining, but the risk of loss is always there. Not to mention, PoS will reduce decentralization on the ETH blockchain.

Whenever staking ETH is more profitable than staking other coins, will greatly depend on current stake rates and market price. As long as you don't spend more money that you can't afford to lose, you'll have nothing to worry about. Just my thoughts Grin

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