Do you recommend staking?

[clarkt]

Staking is at its best during bear market.  Though some will disagree that we are in bear market.  The best time to stake is when the market is down and prices are cheap.  I like to stake my coin for long term, staking long term actually relieve me of having to worry about daily price of my coin!

[Xxmodded]

Staking is at its best during bear market.  Though some will disagree that we are in bear market.  The best time to stake is when the market is down and prices are cheap.  I like to stake my coin for long term, staking long term actually relieve me of having to worry about daily price of my coin!

When market bear and we are keep holding is the worth with staking but if have much money better I trade coin than staking, many profit get from trading than staking during market good and never get any crash dump price, but when price still down is good way if you hold and keep running with staking your assets.

[Pamadar]

I think it's obvious to everyone now that staking is a wonderful thing. It is especially good with those coins that have not yet grown in value.
Staking is an excellent tool in case of a long hold, because you don't just hold, you also get additional coins. A large number of holders allows the price of your coin to stay at a stable level.

The beauty of investing with staking coin, you are not just waiting for the value to rise but you also receiving staking rewards.

It's about how you trust the project and how you manage to do your research, the more understanding you have the more chances that
you'll be able to pick the right project to invest your money, everything will depend from how you deal with information about the coin that you'll going to stake.

[noah tall]

I am sorry But I did not Recommend Stacking in My Religoin , Islam , Stacking is like a Sood and i am Not Doing Staking and also not recommendinh to anyone

[leatutz]

I am sorry But I did not Recommend Stacking in My Religoin , Islam , Stacking is like a Sood and i am Not Doing Staking and also not recommendinh to anyone

Not only is Islam against the interest of staking. Other religious people don't agree to believe it. Even ETH 2.0 support staking program over 32 Ethereum. Even from now on, 80k USD isn't a low investment because Binance coin or Bitcoin investment could return you 6 times profit. This is the main reason now that I don't support staking programs. Staking rewards are lower during the bear market.

[livingfree]

I am sorry But I did not Recommend Stacking in My Religoin , Islam , Stacking is like a Sood and i am Not Doing Staking and also not recommendinh to anyone

Stacking and staking are different.

I didn't know that staking is against the belief of your religion. If that's really not allowed in your religion, you should obey your religious rules so that you're following your faith.

And if you're not recommending it, that's fine because it is what's being said about your religion.

[Xxmodded]

I am sorry But I did not Recommend Stacking in My Religoin , Islam , Stacking is like a Sood and i am Not Doing Staking and also not recommendinh to anyone

This make me worry and confused when trying to staking coin because I see have the same way with saving money on the bank and get reward later, I see this have the same working and give more on staking. Better I try with trading and investing my money in cryptocurrency than have to stake coin.

[ivankoh]

Staking is good if you have the money for it though I prefer mining coins instead because the risks are lesser this way, staking means you are giving out your money to CEX platforms for returns every month, it's risky if you ask me

I am not interested in staking on centralized exchanges.  This is the risk and what will control their disease.  Except for dead exchanges in Turkey.  When the market drops temporarily for the retracement process.  Betting is a valuable exit, I'm betting for Sovryn and some people on Polygon.  Defi will continue to be hot.  It just needs to improve liquidity big enough with users.

[onecall123]

Staking is at its best during bear market.  Though some will disagree that we are in bear market.  The best time to stake is when the market is down and prices are cheap.  I like to stake my coin for long term, staking long term actually relieve me of having to worry about daily price of my coin!

I understand that mate. I staked mine, as I don't plan on selling for many years.

During the bear market I have that discipline to not sell the good stuff. I’m hold and gain interest. Stake the amount you're willing to hodl, don’t plan on selling on next 2-3 years. Find other places to stake for more rewards like APY that suite to you.

[PerfectCircle]

Staking is good if you have the money for it though I prefer mining coins instead because the risks are lesser this way, staking means you are giving out your money to CEX platforms for returns every month, it's risky if you ask me

Mining is a big headache for many because you need to monitor your rigs every time to time, also you need either free electricity or cheap electricity to enjoy mining but with staking things are just easier

[wajik-tempe]

Staking would be very nice good decision if you stake a good coin. Staking ETH is definitely a very good future investment since ETH 2.0 is not just a big project but it's a huge project which supported by many communities and companies.

[john1010]

It depends on the coin that you are going to hold for the longer time and stake, because some of the coin that offer stake always ends up devaluated, maybe you can choose a good project that has a good platform for the long run and sustainability. For me, I recommend Pancakeswap.

[BOAEDAN]

Staking is very profitable when the conditions of the exchange place are still good or green but when it collapses like this I think it is terrible if staking will only make you lose, so still be careful when you want to staking you have to look at the situation and condition of the coins at the exchange first.

[the rise]

As long as it's a site that has a serious project your investment fund will be safe, but usually staking will also soon experience impermanent loss when what you invest is down. Plus investing in ethereum has expensive transaction fees, I recommend staking SFUND if you are interested you can go directly to tosdis.

[Chato1977]

I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?

Thanks!

Don't you wanna try converting in Ripple XRP and stake in Binance.com? they have great offer for the said coin than Ethereum.

I have been staking mine till now and yeah it's definitely doing great.

Well staking is not a bad option but you should do some research before staking your coins like....where you want to stake your coins...several exchanges offer stakings,....whether there is a locked time things like that...then you can go for it

That's why i recommend Binance instead of that what he is asking.

[the rise]

Plenty of risk.
Ideally, you want to stake on your own wallet/pc. If you stake by sending your coin somewhere, there's always a chance you'll lose it, either by manipulation or hack.
This also goes for smart contracts, as history has shown they are not ideal

But I'm sure before we get into a coin we always do research, but I see one drawback of staking eth here, the first is a very expensive transaction fee the second there is a possibility when we staking will get impermanent loss.

[Gunday_07]

Staking have it's disadvantages too, I'd advice you to stake usdt on binance instead because it's a stable coin, if you go with other altcoins they might lose value while your staking is still on and that my friend won't bring you a very pleasant result

[gurunanakji777]

I believe if you have a good no of coins then you will be happy to see your rewards at the end of the day but with less amount staking is not much profitable so it is better to keep it in your wallet. If you want to still stake your coins you must be aware of the total locking period of the coins and the fee charges but I don't trust any platform I trust only on my hardware wallet. I don't take risks it is my personal opinion on the other hand if you planning to hold for the long term then you can consider staking your coins but calculate the risk as well because nothing is Sureshot in this market. Risk is always there.

[Coin BTC]

it doesn't make sense to be so brave in risking ethereum just like that, even if it's done that's why there must be a profitable sales system, if you make a mistake and don't meet the predetermined conditions it will definitely result in losing coins or tokens

[speedforce]

I am sorry But I did not Recommend Stacking in My Religoin , Islam , Stacking is like a Sood and i am Not Doing Staking and also not recommendinh to anyone

Not only is Islam against the interest of staking. Other religious people don't agree to believe it. Even ETH 2.0 support staking program over 32 Ethereum. Even from now on, 80k USD isn't a low investment because Binance coin or Bitcoin investment could return you 6 times profit. This is the main reason now that I don't support staking programs. Staking rewards are lower during the bear market.

Staking isnt forbidden in islam, but becareful theres many kind of staking program in the market, something like staking for PoS purposes (to strengthen the network) its permitted.
The one that i believe forbidden is staking on exchange, because they use it to provide the liquidity (manipulate market) or lend the money to traders (margin) (so the interest come from something not good).