Will you stake your token to make profit?

[ROCKMINEROFFICIAL]

Recently staking gains great popularity in crypto market, especially among wallet users. Some wallets claim that you can get extra 7-150% token if you choose to stake your token in their wallet. What on earth is staking? I wrote sth about staking on medium.https://medium.com/@rockminer/staking-another-new-way-to-make-money-in-crypto-aabf58143bb7

Here is the thing: will you choose to stake your token to make profit？

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[akram143]

Recently staking gains great popularity in crypto market, especially among wallet users. Some wallets claim that you can get extra 7-150% token if you choose to stake your token in their wallet. What on earth is staking? I wrote sth about staking on medium.https://medium.com/@rockminer/staking-another-new-way-to-make-money-in-crypto-aabf58143bb7

Here is the thing: will you choose to stake your token to make profit？

if I need money for the current situation I definitely do it because the situation only decide what can we do today so if it demands for this opportunity I will definitely do it and and I don't take any risk while the value was not been very interesting.

[coco23]

Staking is not such a new phenomenon really, it has been in the crypto space for several years now. If your coin offers an easy possibility to stake it you should definitely do it, otherwise you will suffer inflation losses.

Your article is certainly I nice summary though. I particularly agree with being careful when the staking % is too high. This means high inflation and volatile price of the coin.

[Wakhid Mukti]

Yes, I will do it if the staking rate is interesting. This is like not doing anything to get money with only the tokens we have. But if the rate is less attractive, I will choose the trade rather than staking. In addition, I will also do research on the token platform first, so that my security will not end tragically as before. I furiously did staking on one of the tokens, because the staking rate of the token was attractive (40% per day) so I did it and the price of the token was pretty good at around $ 1 per token. But after the daily rate drops and the rate per week goes up, I move to the rate per week. When I staking weekly, prices dropped by more than 100 percent and this made me lose.
In my opinion, staking is interesting, but we must be really observant so we don't get the loss I experienced. Staking always has a negative and positive side.

[jakelyson]

Recently staking gains great popularity in crypto market, especially among wallet users. Some wallets claim that you can get extra 7-150% token if you choose to stake your token in their wallet. What on earth is staking? I wrote sth about staking on medium.https://medium.com/@rockminer/staking-another-new-way-to-make-money-in-crypto-aabf58143bb7

Here is the thing: will you choose to stake your token to make profit？

POS blockchains allow you to stake your coins and in return, you get tx fee as payment. I have been staking my xem for quite a while now and I have earned some xem from it. It is kind of a passive income. You just leave it there and it earns on its own.

[klaaas]

As you can read what staking is in the above posts there are pos systems where you lock it up for xx days and the longer your period is the more % you will receive. The downside there you cant move your coins/tokens or with a penalty.

[erikalui]

The reason to stake tokens is the same as keeping money in an FD in the bank. You can't remove your funds before a time period or you will lose some money if you do so. This should be your choice only if you have faith in a token/coin and not because the staking rewards are good as sometimes these rewards are good enough but your token eventually loses value leaving you with losses.

[Umkar]

It is true that you should not look for high payouts, because in this case, due to the large issue of a coin, its price can fall very quickly, which will negatively affect its popularity. If the price of a coin falls very fast, then the profit from PoS mining may not compensate for this price drop and you will suffer losses. Choose coins with low payouts and high price growth potential, in which case you will get more than holding coins with large payouts but without growth potential or overpriced. I faced it, therefore I share experience.

[BitcoinHodler]

since staking is equal to me bag holding that altcoin to gain a profit in that altcoin and this act is extremely risky in altcoin market, i would never do something like that and i have not done it yet. for profit i always prefer trading the pumping coins.

also:

you can get extra 7-150% token

that alone is a reason for NOT doing that because to put simply whenever any coin is giving away "free coins" at ridiculously high amounts without regarding inflation and the circulation of easily gained coins in the market, it is a 100% guarantee of that coin's price drop.

[Viper_Unleashed]

It depends on how you play the market and what mentality you got and planning.It differs from person to person.For instance I stake some coin then there is no guarantee that the price will not fall down.And also there is a chance of getting profit also.But doing margin trading by lending your alts for 3-5 days that is good enough but more than that its quite risky.Its better doing day trading or even holding coins for a long time keeping them safe in hard wallets.Own funds at own's disposal.

[tokeweed]

So what are the best coins to stake that earns decent income from let's say a 25k USD investment?

[ivan1975]

I prefer hold coins not trading, hold for months.
If coin allows staking, then why not to do it and get extra profit.

[Pamadar]

The reason to stake tokens is the same as keeping money in an FD in the bank. You can't remove your funds before a time period or you will lose some money if you do so. This should be your choice only if you have faith in a token/coin and not because the staking rewards are good as sometimes these rewards are good enough but your token eventually loses value leaving you with losses.

That's the risk when doing this staking investment, when value fall the amount of your rewards is not that much to covered the value that loses with your money, you must review and understand everything around the project in order to make some good confidence holding it and wait for those rewards to be generated and make a good compensation.

[cahkalem]

Recently staking gains great popularity in crypto market, especially among wallet users. Some wallets claim that you can get extra 7-150% token if you choose to stake your token in their wallet. What on earth is staking? I wrote sth about staking on medium.https://medium.com/@rockminer/staking-another-new-way-to-make-money-in-crypto-aabf58143bb7

Here is the thing: will you choose to stake your token to make profit？

staking is one from many way to get passive income in cryptocurrencies
but, if you have enough money and good skill i think trading is better than staking my friend

[bitcoin31]

I will hold my coins or token depends to the wallet that I think is trusted Im not convincing to the wallet who offer people decent amount of interest if they stake their token to their wallet. But it's your choice because you know what is better for you I know what is best wallet that use to keep my tokens.

[eidoscore]

i'm learn some lesson in many case are passed by me.
for altcoin like now staking is not make profitable because as you know market condition is not stable if any issue and make bitcoin price are moved up or down, of course that make altcoin price down even bitcoin price up

[bonker]

It is not going to give much benefits,just rather play with those tokens on trading platforms to make more benefits and ofcourse with more risks.

[Adriano2010]

Well staking is a way to make some profit, but the profit are small, and people who choose staking choose because the mining equipment is expensive and also they more on electricity than they make from mining, and not worth it now.

[CjMapope]

haha kinda a funny question

IF your token/coin CAN stake, most of the time its a no-brainer, stake it, free coins
BUT: sometimes you need to lock the coins, so make sure your not gonna want to trade during the staking time
or risk losing your stake profits if u remove the coins too early
of course only SOME PoS mechanisms penalize removing early staked coins, not all

[Genemind]

If it could provide you a higher payout then why not grab the chance? We must deal and take the opportunity rather than complicating things, as simple as that.
If they offer a good bonus and deals, I would stake my token just to gain at least a little profit through it.