BChydro
|
|
May 01, 2021, 02:31:50 PM |
|
Do you guys ever hear about holding bitcoin in staking platform? Just forget about risking your coins by trusting a third party. We are here in the cryptocurrency market so that we do not need to trust a third party in holding our coins and there is no point in risking all your coins for a few coins and we have seen many exchanges dying in front of our eyes loosing billions of dollars worth of coins in the short period and anyone with sense will not risk doing that.
That said i have staked coins in the past but it wont be huge amounts and i will never trade bitcoin for other coins no matter how profit a third party is willing to provide.
|
|
|
|
cabron
|
|
May 01, 2021, 02:33:52 PM |
|
Youre not going to consider holding Bitcoin as if it's staking when the bear market begins. I don't think you will be earning satoshis by just holding. If you intend to earn something while you stake then you just have to pick an altcoin not BTC.
There are hundreds of these POS tokens you can choose from, two of the top ones are ADA and Polkadot. Learn more about their staking terms though, there is a catch to it.
|
|
|
|
repear7
Full Member
Offline
Activity: 1026
Merit: 110
Need Bounty manager ? Contact @repear71
|
|
May 01, 2021, 02:36:55 PM |
|
I think staking, Because, You will get staking reward and staking also a type of hold. If you hold a coin in your wallet, Then you have to wait for price increase. If increase, Then you will get profit from one side. And if you stake a coin, You will get profit from two side. One is staking reward and one for increasing price of that coin.
|
|
|
|
OnurGalatasaray
Jr. Member
Offline
Activity: 40
Merit: 1
|
|
May 01, 2021, 02:52:59 PM |
|
You can't stake Bitcoin, only mine it. Bitcoin is PoW.
|
|
|
|
Vatimins
Sr. Member
Offline
Activity: 987
Merit: 289
Blue0x.com
|
|
May 01, 2021, 03:37:44 PM |
|
I myself, never heard of anything regarding things like bitcoin staking let alone a platform that offers such service for bitcoins. But if you mean alts, then there are quite a few out there which are quite good. Staking will always win if you make people choose since you gain a lot more with staking than by just hodling. But still, it depends on the platform and the coin itself that you are staking which is why a thorough research about your investments or investment plans is a must. Good luck op.
|
|
|
|
serjent05
Legendary
Offline
Activity: 3010
Merit: 1280
Hire Bitcointalk Camp. Manager @ r7promotions.com
|
|
May 01, 2021, 05:06:43 PM |
|
Never heard of one. You could just be better of mining if you're looking for the same thing, but investing in your own rig could prove quite costly.
Hodl strategy is your safe strategy without risking of losing your capital.
In layman term, Staking is locking your coin into a smart contract and received a reward for holding. Simply holding with reward. In staking, You can't move your token immediately for a period of time which is the common cons of staking to limit the user on dumping. Staking is much better than plain hodling alone since you don't have any interest earned compared to staking while you are doing same way. The thing is when we do stake our coin on the third-party platform, we lose access to the address unless given permission by the staking platform. The risk of losing our Bitcoin is much greater than just plain holding it. In terms of profit, Staking is a better strategy but in terms of security, holding is the better one.
|
|
|
|
blockman
|
|
May 01, 2021, 09:11:29 PM |
|
They are attracting you to deposit bitcoin to exchanges and have it on their platform being staked but it's not really staking. You lend it to them. But what if they get hacked and they announce and most deposits can no longer be refunded because all of them are affected? Just HODL it without any problem if it's for bitcoin and for some reputable wallets, allows you to stake altcoins.
Yes, not staking but just like in Binance, you can transfer your btc to flexible savings, so it is earning interest on their platform. However, if you will send your funds to gain interest, make sure the platform is very trustworthy like binance. Because even if they will be hacked, they have SAFU. So you have insurance with your funds. Other exchanges offering this kind of service, you need to be careful as you have no assurance that your funds will be returned safely once you decided to get out your funds or someone hacked their platform. Yes, just as said, it's like you lend it to them. That's true, if you're going to go with this type of feature, choosing the best platform that has a good track record and very reliable. Binance has been tested by a hack and they've refunded the funds and made sure that no one was affected.
|
|
|
|
pixie85
|
|
May 01, 2021, 09:43:37 PM |
|
If they make staking possible on non-custodial wallets it's going to be a good idea to stake some. If you have to put it on some platform where they can do with your coins whatever they like then it's only for those willing to risk a lot to gain a little. Are you one of those people?
When you hold you have full security of your funds and they gain some value over time. For now it's probably over 100% a year if you look at the last 10 years of bitcoin. Staking on a private platform will give you additional 10% a year but at a risk of losing everything. Is 100% a year better or maybe you prefer a coin toss at 110% or nothing?
|
|
|
|
verita1
Member
Offline
Activity: 1358
Merit: 81
|
|
May 01, 2021, 09:44:41 PM |
|
I like both crypto investment alternatives Hodl and Staking. There are other ways to earn in crypto that I have not yet ventured as they say is the future of decentralized banking, DeFi. IMO, it was a quick response to investors benefiting both parties to projects and coins as well as holders. It is definitely better to invest in crypto than to leave the money in the bank.
|
|
|
|
Rkss4
Jr. Member
Offline
Activity: 980
Merit: 1
|
|
May 01, 2021, 09:47:24 PM |
|
Hold or staking both are suitable but I prefer staking rather than hold . If you want to invest in Ethereum and bitcoin then you should keep it with apy% in different staking period. You can get benifits and Profits if market continuing to improve.
|
▬▬▬▬▬▬▌ Vulcan Forged ▐▬▬▬▬▬▬ ▬▬▬▬▬▬▌ Telegram ▌ Discord ▌ Twitter ▐▬▬▬
|
|
|
BitcoinGirl.Club
Legendary
Offline
Activity: 2954
Merit: 2783
Bitcoingirl 2 joined us 💓
|
|
May 01, 2021, 09:48:42 PM |
|
When you are staking aren't you sending your coin to a pool or something which means you have not control over the coin unless you withdrawing it. There are no staking for Bitcoin, if you hold the key, you are the owner of the coin. However for some altcoin those have staking rewards are might look good that you are earning some money but it's still risky because untill the coins are back to your own wallet you actually do not own the coins. If you are in bitcoin then just hold! Staking is not for everyone. If I remember correctly I do think that you do need a minimum balance to do that. Therefore people without that minimum about of bitcoins cannot participate in that section entirely.
In bitcoin there are no staking. It's proof of work. Maybe you are talking about ETH. I guess it's minimum 32 ETH.
|
|
|
|
JeromeTash
Legendary
Offline
Activity: 2324
Merit: 1258
Heisenberg
|
|
May 01, 2021, 09:53:49 PM |
|
The main reason you probably liked buying or acquiring Bitcoin is because of it's decentralized nature and the way it has gained value over the past 10 years. Now why would you throw up the two good things about bitcoin in exchange for very little APY and the risk of storing it in a centralized staking platform?
I don't think staking is a smart move. Buy Bitcoin dip and sell whenever the price is high and see if you will remain the same person thinking about staking.
|
|
|
|
Yamifoud
|
|
May 01, 2021, 10:21:53 PM |
|
The main reason you probably liked buying or acquiring Bitcoin is because of it's decentralized nature and the way it has gained value over the past 10 years. Now why would you throw up the two good things about bitcoin in exchange for very little APY and the risk of storing it in a centralized staking platform?
I don't think staking is a smart move. Buy Bitcoin dip and sell whenever the price is high and see if you will remain the same person thinking about staking.
Partly yes, unless if we are staking to the banks. But since we are in crypto, I agree that holding is the best option especially when we are aiming for a long-term investment. Not only we got get assurance for a profit by holding but it also lessens the risk since we are in control of our funds, which will be an advantage.
@OP, you should think about the risk to both of them. I suggest that not only consider the amount you get but think about which one good gives you safety coz I know that all of these strategies give you a profit.
|
|
|
|
EiKaGlaShPriSAThWEl
Member
Offline
Activity: 182
Merit: 10
|
|
May 02, 2021, 07:41:40 AM |
|
If the project is promising and has a potential then staking is the better option because you are hodling their tokens while at the same time earning out of it, but if in general hodling is the best strategy although the profit you will get out of it is what you are currently hodling.
I agree. I have tried staking before. I got attracted because the coin price rises from its very low price up to $60 I think (can't exactly remember). After I bought the price keeps going down so as the price of Bitcoin. I keep calm then I keep on staking, I think my staking last for a year until I finally can't open the website anymore. I lost all the coins and earnings I've got on staking. I know it is also my fault because I did not pay attention to it that is why I missed selling it before it's too late. Hodling is good but you need patience for it.
|
|
|
|
OcTradism
|
|
May 04, 2021, 04:57:08 AM |
|
Hodl and staking, they are related to your investment plans. Don't lock your coins in pools and stake or farm it if you don't have plans that when you will take profits.
Staking or farming will increase numbers of coins you have but price can soar or plummet in the time you lock your coins in pools.
If price soars and reaches the target price at which you plan to take profit, you can sacrifice your rewards from staking, farming and take profit with initial coins.
If price plummets, you must hold your coins (initial and rewarded) and wait for rally or new high prices to take profits.
Sum up: Plans, time and patience are elements.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
skpanchal
Jr. Member
Offline
Activity: 79
Merit: 1
|
|
May 04, 2021, 05:35:49 AM |
|
The definition of holding (or flying a hold) in aviation field means some manoeuvres of aircraft before the landing. Incoming aircraft must sometimes be stacked when an aircraft which has arrived at their destination but cannot land yet because of the traffic congestion, poor weather, or runway unavailability
|
|
|
|
elisabetheva
|
|
May 05, 2021, 11:22:10 AM |
|
If the project is promising and has a potential then staking is the better option because you are hodling their tokens while at the same time earning out of it, but if in general hodling is the best strategy although the profit you will get out of it is what you are currently hodling.
agree, if what will be done is staking and indeed the coins are indeed potential because what you get from staking is quite irresistible. but if there is no potential coin, the fear is that on the way we may not know what will happen to the coins we staked.
I also agree with you, it's better if you just keep it in your wallet waiting if the coin is in trouble, we can take quicker action so as not to get a big loss. but it is indeed better to do day trading which is currently really profitable because bitcoin is in a very active movement.
|
|
|
|
Lorence.xD
Sr. Member
Offline
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
|
|
May 05, 2021, 11:26:57 AM |
|
Hold or staking both are suitable but I prefer staking rather than hold . If you want to invest in Ethereum and bitcoin then you should keep it with apy% in different staking period. You can get benifits and Profits if market continuing to improve.
I wanted to stake some coins too, the problem is that I am still hodling my bitcoin and I don't want to spend it yet because if I want to stake, I should at the least get a decent amount in it so I can get bigger profits.
|
|
|
|
█▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . Stake.com | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . PLAY NOW | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
|
|
|
lepbagong
Full Member
Offline
Activity: 2352
Merit: 121
Reward: 10M Sheen (Approx. 5000 BNB) Bounty
|
|
August 31, 2021, 08:38:15 AM |
|
Hold or staking both are suitable but I prefer staking rather than hold . If you want to invest in Ethereum and bitcoin then you should keep it with apy% in different staking period. You can get benifits and Profits if market continuing to improve.
in principle, both are actually quite good and very profitable, it's just a matter of how we can be more sure whether they are both good. it could be that the funds we have are divided in half for Hold and Staking. if the funds are not a lot maybe staking is better, but there is always a risk but if hold is clear there is nothing to be afraid of because in time it will increase more than we hold it. I wanted to stake some coins too, the problem is that I am still hodling my bitcoin and I don't want to spend it yet because if I want to stake, I should at the least get a decent amount in it so I can get bigger profits.
If bitcoin is clear that everything is very profitable, it's just a matter of minimizing the risk that we will get, because holding bitcoin for a long period of time (halving every 4 years) actually requires large funds which we need because of the long period of time, but it can be done in a different way. staking or day trading, which may be risky but with clear hold there is no risk and new ATH will always be formed
|
|
|
|
rodskee
Full Member
Offline
Activity: 2548
Merit: 205
yahoo62278
|
|
August 31, 2021, 09:47:22 AM |
|
I've been asking for many times about it, but I need proof experience of you. Please share below!
this proves that you are not really into something that you will believing because asking many times yet not contented in the answers meaning you will never be satisfied. remember that the longer you are asking is the lessen chances to make money you gain. just forget staking instead Buy and Hold. but if you are truly interested , Binance is offering multiple staking just visit and create account https://www.binance.com/en/my/wallet/account/main so you'll find what you might got interested.
|
|
|
|
|