Staking Coins With Annual Returns - Good Idea

[avp2306]

Staking for 1 year? I doubt its good idea to invest on that since they might take our money without us knowing and we can't assure that we can withdraw our funds if its lock for one year.

Much better for us to find another reliable investment options since staking will never be a good investment decision knowing that its hard to determine if we can earn with them.

[Xal0lex]

Staking for 1 year? I doubt its good idea to invest on that since they might take our money without us knowing and we can't assure that we can withdraw our funds if its lock for one year.

Much better for us to find another reliable investment options since staking will never be a good investment decision knowing that its hard to determine if we can earn with them.

If you can interact with the smart contract through your own non-custodial wallet, who can take your money? In this case, there is only the risk of the smart contract being hacked. Plus, you don't have to wait a whole year to get your staking reward. There are pools that can pay out your rewards every 14, 28, 48, etc days. In this case, the interest rate may be reduced, but it is more optimal than waiting for 1 payout all year.

[dansus021]

I have a different view regarding this. I meant let's say that you bought eth @2k then you staked it but it plunges so hard until it reaches 1k which makes you lose 50% of your investment. It's being unrealistic to expect the price to come back again in a short time.

It is because you want to take a profit in at short time and you are not wrong when the amount of your cut loss can be closed from the profit you get in short term,

But lets say you buy ETH and then you are long term holder rather than cutloss you can continue DCA and stake monthly rather than HOld it plainly. So staking is best for long term holder in my opinion

[crwth]

Too good-to-be-true offers make it seem that it is a wise or Good Idea but it is not. It's just that it's going to make you feel good at the start but in the long run, it might not be. If you are willing to take that risk for staking coins on those types of projects, then you need to ready yourself for losses. Be careful with that.

[FahriZah]

Coin staking It's really good ideas but when people’s don,t know how to staking Their coin than it’s look like fools first of all people’s need to know properly how to do stake theire coin and earning annual profit.

[beerlover]

Staking for 1 year? I doubt its good idea to invest on that since they might take our money without us knowing and we can't assure that we can withdraw our funds if its lock for one year.

Much better for us to find another reliable investment options since staking will never be a good investment decision knowing that its hard to determine if we can earn with them.

If you can interact with the smart contract through your own non-custodial wallet, who can take your money? In this case, there is only the risk of the smart contract being hacked. Plus, you don't have to wait a whole year to get your staking reward. There are pools that can pay out your rewards every 14, 28, 48, etc days. In this case, the interest rate may be reduced, but it is more optimal than waiting for 1 payout all year.

I think that it would be good idea if you keep it going for a long time. The result of constantly investing and keep reinvesting the profits is great, that way a lot of people get rich and you should be too. Bitcoin itself for example, even though people do not know this a lot, binance does give rewards for keeping your bitcoin there, calls it staking even though you are not staking anything, and you should be able to make more.

ETH is the same, it has become proof of stake, which means that not only you will make an income from it, but you will also constantly get returns as well. I feel like we should consider that as a good thing and should be making a lot of profit with it as long as we possibly could.

[Xal0lex]

If you can interact with the smart contract through your own non-custodial wallet, who can take your money? In this case, there is only the risk of the smart contract being hacked. Plus, you don't have to wait a whole year to get your staking reward. There are pools that can pay out your rewards every 14, 28, 48, etc days. In this case, the interest rate may be reduced, but it is more optimal than waiting for 1 payout all year.

I think that it would be good idea if you keep it going for a long time. The result of constantly investing and keep reinvesting the profits is great, that way a lot of people get rich and you should be too. Bitcoin itself for example, even though people do not know this a lot, binance does give rewards for keeping your bitcoin there, calls it staking even though you are not staking anything, and you should be able to make more.

ETH is the same, it has become proof of stake, which means that not only you will make an income from it, but you will also constantly get returns as well. I feel like we should consider that as a good thing and should be making a lot of profit with it as long as we possibly could.

Staking bitcoin is one of the dumbest things to do. I'm not imposing my point of view on anyone, it's just my position. Bitcoin has been growing steadily over its lifetime and generating income over the long term. That is, we realize that it is a revenue model and if we invest at any time, sooner or later we will get a return. Knowing this information, I don't see the point of sending bitcoin to some centralized services to get a little more than you can get from just holding coins in your wallet. That increase in potential income in no way justifies the risks that a staker exposes himself to when sending his bitcoins to some centralized service's staking pool.

[|MINER|]

Do you think it's a good idea to stake coins?
Please explain your opinion.

Staking was not that bad idea But the platform of that staking should be reputable. Although centralized all platform should be avoided for that. I would tell a person to stack a coin only when he invested in a coin and its price has gone down a lot, and he is waiting for that coin to pump again. Basically, this means that I suggest staking as the last stage for those who are investing for long term investment. I myself have been staking a token because its price has gone down.

[adzino]

Some coins do have good APY (beware of coins that give you very high APY. Google it and you will know why it is bad) and if you are holding those coins, why not stake it? The rewards can be considered as extra profit while holding your coins. There are coins that you can stake without have to lock your coins. You are free to use and sell those coins whenever you want. You may want to look at those. And use your own decentralized wallet to stake. Don't use exchanges or thirdparty wallets to stake. Highly likely you might lose your coins.

[JeffBrad12]

my general rule of thumbs with these staking coins, if its new coins stake no more then very few months like 1 month or 2 months, if its stablecoin then stake for maybe long term because usually you might get good return for long term investment but usually you will need massive capital with this one.
remember that with staking the bigger money you are staking the more rewards you usually gonna get its no exception with stablecoin and even ordinary coin in general.
but always remember project that overpromises with their massive APY usually they are just shitty projects honestly.

[Dessy88]

Definitely the best plan but you need to collect the best tokens in crypto to stake. Because stake programs pay out rewards over a fixed period of time, good projects have less risk. There are a very small number of top coins that have staking programs in place just to keep the holders in control. If you have more amount of money then it will be profitable for you but also you should follow other steps of investment.