Gambling by Staking,EOS and TRON, How do we do it?

[iagyei259]

I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.

[mOgliE]

I don't even understand your question.

What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo

[adaseb]

I don't even understand your question.

What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo

Those coins are not mineable but if you own some EOS or TRON then you can make some extra money by staking them.

When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.

This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.

[stomachgrowls]

I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.

Im not sure Tron staking but with EOS i do remember with Betdice gambling site which gives you some staking. Try to visit this link for further info. https://medium.com/@ryancharleston/how-im-still-winning-in-a-crypto-bear-market-with-betdice-eos-staking-dividends-6fce20ae034e

[mOgliE]

Those coins are not mineable but if you own some EOS or TRON then you can make some extra money by staking them.

When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.

This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.

Ok thanks. So that's not at all gambling and the post shouldn't be here

I guess it goes in the altcoins sections?
Maybe the technical one if he wants the detail actions of how to do this?

[deisik]

When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.

This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.

5% a year taken on its own doesn't look very appealing

On the other hand, if you make it part of some sophisticated strategy, it may be at least worth looking into. Regarding hedging, I don't think you will have to pay much as interest (definitely less than 5%) as these coins are not wildly popular for margin trading

Technically, it may be worth the money and effort if it is kind of shoot and forget thing. But how safe would those coins be if you are going to stake them? I mean, are they backed up by the blockchain itself or it still involves a third party, which can run away with your money at the end of the day? Sorry, I'm not very familiar with the matter, so bear with me

[bitcoin31]

I don't even understand your question.

What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo

That's right bro, I can't understand what the question is all about also.  Eos and Tron is both coins they are maybe use to gambling in the future.

Inase that the OP want to use their Eos and Tron  she need to take a search about that to knkw what gambling site that accepting Eos and Tron so they can play of what she ever what they want to do to their coins.

Next time please be sure that the information that given will be understand so that the people here gives information to you also.

[Ziskinberg]

I don't even understand your question.

What games are you talking about? Those are both coins, they're not specifically related to gambling as far as I know Oo

Those coins are not mineable but if you own some EOS or TRON then you can make some extra money by staking them.

When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.

This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.

Good explanation, I think this kind of gambling platform will not become popular.
What I mean is that people who are in crypto right now are more comfortable with the present system, they deposit money with popular coins also like BTC and ETH, and they play. Also, for some gambling sites who offers investment, they can put money as well.

This is just complicated for a typical crypto gambler, it has a lesser chance to survive in the market IMO.

[Caladonian]

I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.

Im not sure Tron staking but with EOS i do remember with Betdice gambling site which gives you some staking. Try to visit this link for further info. https://medium.com/@ryancharleston/how-im-still-winning-in-a-crypto-bear-market-with-betdice-eos-staking-dividends-6fce20ae034e

After reading this article, I personally see the future benefits of staking EOS, as mention from the article that 50% of hourly dividends will be equally distributed to all stakers, thanks for providing that link as aside from exchange coins this type of passive investment will make some good profits though
it is still gambling but we all knew that chances for winning is always greater for the house against the players.

[adaseb]

When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.

This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.

5% a year taken on its own doesn't look very appealing

On the other hand, if you make it part of some sophisticated strategy, it may be at least worth looking into. Regarding hedging, I don't think you will have to pay much as interest (definitely less than 5%) as these coins are not wildly popular for margin trading

Technically, it may be worth the money and effort if it is kind of shoot and forget thing. But how safe would those coins be if you are going to stake them? I mean, are they backed up by the blockchain itself or it still involves a third party, which can run away with your money at the end of the day? Sorry, I'm not very familiar with the matter, so bear with me

If you go to https://www.bitfinex.com/stats

And look at EOS, currently it costs 0.022% per day to margin trade it. Its basically what he would need to do to make sure the value of the underlying doesn't decrease since his primary focus is to make money and not to accumulate more EOS.

So 0.022% is about 8% per year, so if he staked his entire account balance, got 5% in staking revenue, he would be at a loss so he can't hedge against the underlying falling. Yes I understand sometimes the rate is lower but sometimes its also higher.

This is somewhat considered "gambling" since its not considered risk free. He just needs to hope that EOS, doesn't crash in the next year so he could earn 5% off staking.

[deisik]

When I did the calculation last, it wasn't that much money. I think with TRX you made like 5% a year and that's payable in TRX. So if the underlying value falls, then you might actually lose money.

This is probably what he is asking. Yes you can make money by staking those coins but its a gamble because the value of those coins can fall in the future. You can always hedge EOS or TRX on an exchange but the fees would probably exceed the staking rewards. Hence no free lunch pretty much.

5% a year taken on its own doesn't look very appealing

On the other hand, if you make it part of some sophisticated strategy, it may be at least worth looking into. Regarding hedging, I don't think you will have to pay much as interest (definitely less than 5%) as these coins are not wildly popular for margin trading

Technically, it may be worth the money and effort if it is kind of shoot and forget thing. But how safe would those coins be if you are going to stake them? I mean, are they backed up by the blockchain itself or it still involves a third party, which can run away with your money at the end of the day? Sorry, I'm not very familiar with the matter, so bear with me

If you go to https://www.bitfinex.com/stats

And look at EOS, currently it costs 0.022% per day to margin trade it. Its basically what he would need to do to make sure the value of the underlying doesn't decrease since his primary focus is to make money and not to accumulate more EOS.

So 0.022% is about 8% per year, so if he staked his entire account balance, got 5% in staking revenue, he would be at a loss so he can't hedge against the underlying falling. Yes I understand sometimes the rate is lower but sometimes its also higher

The catch is that I actively use Bitfinex for hedging myself

That basically means I know first-hand which rates you actually get there if you are involved in this kind of thing. So it is not like sometimes the rate is lower and sometimes higher. To be more specific, now I have bitcoins borrowed for one month with an interest of 0.002501% daily (which is below 1% yearly), zcash borrowed for a month with an interest of 0.001101% daily (around 0.4% yearly). And with EOS specifically, interest rates can be completely irrelevant, something like 0.0000023% daily



Just in case, there were times when I borrowed bitcoins with as low an interest as 0.000079% daily

Next time please be sure that the information that given will be understand so that the people here gives information to you also

It looks like you should consult a grammar guide before giving out advices like this one

[mindrust]

This is somewhat considered "gambling" since its not considered risk free. He just needs to hope that EOS, doesn't crash in the next year so he could earn 5% off staking.

Actually trusting EOS (TRON too) is the biggest gamble ever here.

Most shitcoins have limited supply but there isn't a limited supply on the number of shitcoins. That's why coinmarketcap's top 20 list changes constantly (except for bitcoin) for the last 10 years.

If you are going to stake (i use this term as the same meaning as holding here) a coin, stake Bitcoin. Go own all the feathercoins if you like now. Damn thing is dead and while EOS itself started as a scam, I wouldn't be surprised if it leaves the top 20 list in a year or so. Especialy while there are legit scam accusations like these:

https://medium.com/swlh/are-the-collusion-allegations-on-eos-true-is-eos-ico-a-scam-complete-analysis-b71b49a0158b
https://ambcrypto.com/bitcoin-btc-developer-says-eos-is-a-scam-and-the-platform-would-not-benefit-new-developers/

edit:

Bonus article for TRON
https://reddit.com/r/CryptoCurrency/comments/affx0v/tron_was_and_will_always_be_a_shitcoin_all_they/
https://www.theblockcrypto.com/tiny/tron-blockchain-cannot-handle-the-tokenization-of-bittorrent-claims-former-exec/

[coinlocket$]

What do you mean by gambling by stacking? This not very clear question.

Do you mean gambling the earning from stacking or what?

[stadus]

What do you mean by gambling by stacking? This not very clear question.

Do you mean gambling the earning from stacking or what?

It's staking, not stacking.

[deisik]

This thread is full of noise and bullshit

While OP has in fact asked a very interesting question and no one has explained anything apart from accusing and ridiculing him for not knowing what gambling is (maybe, only except for adaseb who was actually on topic). Obviously, for the lack of basic understanding what the whole point is about (e.g. stacking vs staking). If you don't care (which I understand), don't be such douchebags, really

[stadus]

This thread is full of noise and bullshit

While OP has in fact asked a very interesting question and no one has explained anything apart from accusing and ridiculing him for not knowing what gambling is (maybe, only except for adaseb who was actually on topic). Obviously, for the lack of basic understanding what the whole point is about (e.g. stacking vs staking). If you don't care (which I understand), don't be such douchebags, really

That explains that majority of the gamblers here are not interested with  EOS and TRON DApp staking games.
It's quit new and complicated and and I suggest OP should bring this matter into their dedicated thread like EOS here https://bitcointalk.org/index.php?topic=1904415.3420, I am sure he will find more help from active members compared to this section where most gamblers played on what they get used to.

[Supercrypt]

Has anyone figured out what the question is ? I mean staking is the thing where you keep your coins in your wallet and you are getting a return from whatever coin you have, basically it is mining by just having your wallet online and having the coin in that wallet. What is that have to do with gambling at all ? Shouldn't this be on altcoins topic because it is talking about a coin and staking of that coin? What does it have to do with gambling and why is it here ?

Maybe we are looking at the question all wrong, maybe there is this question here about staking and some casino allowing you to stake while not gambling but so far from what I gather it is not talking about any casino neither and I have never seen any casino that allows you to stake while you are not gambling neither.

[deisik]

Maybe we are looking at the question all wrong, maybe there is this question here about staking and some casino allowing you to stake while not gambling but so far from what I gather it is not talking about any casino neither and I have never seen any casino that allows you to stake while you are not gambling neither.

Yes, it seems that it is you who are looking at it all wrong

Actually, you can find quite a few games allowing to stake POS coins like EOS and Tron. You can look here if you really feel interested. Some games listed there offer a possibility of earning dividend through staking, for example, this one (which is a casino as requested). I can't actually say that I have already wrapped my mind around how it is supposed to work, i.e. why they are doing this kind of thing at all, but any way you look at this, it is gambling (or playing games, if you don't quite like the term)

[Naida_BR]

I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.

Your post is not totally clear to me but I can give you two options of making passive income (at least it works at TRON).

1. You can gamble in online TRON casinos. TRON casinos act like mining places where you mine their native coins, you freeze them and you get dividend payouts based on the number of native coins you have in your wallet. Mining has to do with wagering.
2. Another option is to vote for a representative. You have to freeze your TRX balance and get a 1:1 vote. The more votes you have the more rewards you will get. You won't have a huge passive income but it is a starter.

I believe you wanted to know about the 1st option, If it is not clear, I would be happy to help you more!

[fudster]

I am new to EOS and TRON DApp staking games, and want to venture into it. Can I make passive income from it as most articles online point out to. Any strategy from an experience trader will be appreciated.

Your post is not totally clear to me but I can give you two options of making passive income (at least it works at TRON).

1. You can gamble in online TRON casinos. TRON casinos act like mining places where you mine their native coins, you freeze them and you get dividend payouts based on the number of native coins you have in your wallet. Mining has to do with wagering.
2. Another option is to vote for a representative. You have to freeze your TRX balance and get a 1:1 vote. The more votes you have the more rewards you will get. You won't have a huge passive income but it is a starter.

I believe you wanted to know about the 1st option, If it is not clear, I would be happy to help you more!

Its also happening on EOS particularly on EOSbet.io which by just holding BET tokens a holder can get percentage of the daily wagered EOS in their platform. Its kind of staking so earning via dividends. Every holder gets EOS everyday depending on the volume in their casino.