Saving Vs Staking

[Imran232]

There are lots of newcomers who come into the crypto field through friends or realtivs recommendations, or maybe after watching the news on TV. They had a common question: what is the best savings method for the bank or investing money in crypto? I saw this question from lots of people. Well, it is not their fault. They don't have any trading ideas and they don't want to take risk with their money. They are just ordinary people. They just want to invest some percent of their income in their future. First, they always choose the bank, but they get a minimal return and the bank cuts charges too. Thats why some people invest in real state, buy gold oror go to stake. They just want to invest. They don't want to trade because they have no trading knowledge and they can't manage time after work (like normal people). They also think the charts, TA and prices are up. Down prediction is quite tough to understand, so only investing is an option. So you want to be sure of the best return.. 
 



Here is a picture what i download from online though i can't remember from where i download it because it was in my Gallery. Sorry for whom who made this picture but i can't credit you sorry for this.

I hope those beginners will get his answer. And one thing its just a prediction result can't be exact. Its just for an example. Now do your own research.

[masulum]

Hold/hodl, that's what we know in the form of long-term investment in crypto. It is undeniable, if we do not really understand about TA, it would be better to hold. However, this really has to be long term, as one puts money in a bank deposit, buys real estate and so on mentioned. However, what is one of the causes of long-term investment failure is the psychology and volatility of crypto prices which often makes it easier for people to panic. that's why they think that crypto is not safe, besides that there are regulatory problems in various countries. This is the cause of many beginners then choose to going out and avoid crypto and feel in the bank it is safer to save and make money.

[CryptoHeadlineNews]

As for me, staking is more preferable when it comes to long term investment of like 10yrs to 20yrs, because you stand the chance of gaining an annual interest on your actual bitcoin. Which platforms like Nexo offers 6% annual interest, compared to others. And am also sure Binanve offers staking feature, but not sure of it's rate..

[examplens]

As for me, staking is more preferable when it comes to long term investment of like 10yrs to 20yrs, because you stand the chance of gaining an annual interest on your actual bitcoin. Which platforms like Nexo offers 6% annual interest, compared to others. And am also sure Binanve offers staking feature, but not sure of it's rate..

Staking really seems like a better investment, at least it should cover inflation. but to get confirmation that it really is the right choice, how many coins do we know has existed for a long time and that the holders made a profit by staking it?
I mean currency which is live for more than 4-5 years?

[Upgrade00]

Which platforms like Nexo offers 6% annual interest, compared to others. And am also sure Binanve offers staking feature, but not sure of it's rate..

I do not see this as incentive enough to give up control of your funds. Bitcoin does not have any built in staking feature (neither should it) and to stake one has to store their bitcoins on a third party website for an extended period of time. This poses a lot of security risk as; not your keys, not your coins. In this case you could as well hold unto fiat.

[GeorgeJohn]

In actual sense you explanation via this text is quit understandable, but from my perception towards this, all know that their is a huge difference between saves and investment, now it's obvious that the staking you are emphasising on is narrowing on investment, but in same time from my perspective staking of bitcoin is in form of holding or storing bitcoin which is similar to saving, so at this point in time bitcoin investment is the process of being propagate through weather short term or long term investment, to secure profit via BTC it can happen anytime because bitcoin movement in price is not fixed.

[Ryker1]

Well, seems this is still effective to me ^{[not your key, not your coins]}.
Staking and let your bitcoin manage by an exchange is very risky, sorry but I don't trust letting my fund handle by them. Hold and manage it in my own wallet is the best option here. Saving or staking, I must prefer to investing and hold for it which is I always feels safe and 100% of zero risks not unless bitcoin will go down further which the value will almost hit in the ground.

[Smartvirus]

Savings Vs Investing

These are two good habits to someone who values his or her tomorrow. It is a habit of conscious effort and sacrifies for a targeted result in the near future. Though, on the bases of profit and risk, one is more desirable than the other.

Savings has got to do with setting aside all or a portion of a person's income on a regular base for a period of time while,
Investing has got to do with, funding a project with hopes on getting some ROI (Return on investment)

Mind you, on the bases of risk, Investing might have a higher percentage but so does the reward value too. Investing has variable risk based on market condition and human element but, when it comes to;
Savings, you've got the risk of devaluation on either money or what ever is been saved.

It's really up to a person to decide which is more suitable based on prevailing circumstances and know how!

[lovesmayfamilis]

Well, seems this is still effective to me ^{[not your key, not your coins]}.
Staking and let your bitcoin manage by an exchange is very risky, sorry but I don't trust letting my fund handle by them. Hold and manage it in my own wallet is the best option here. Saving or staking, I must prefer to investing and hold for it which is I always feels safe and 100% of zero risks not unless bitcoin will go down further which the value will almost hit in the ground.

I agree completely. I want to have complete control over my money. Trusting their exchange is more difficult psychologically. I am much more confident when I am responsible for my ups and downs. But also if we talk about savings, then any saved
money must work, otherwise, they lose their value over time. Hence, the conclusion is that holding bitcoins is the best way to save money.

[Pmalek]

I do not see this as incentive enough to give up control of your funds. Bitcoin does not have any built in staking feature (neither should it) and to stake one has to store their bitcoins on a third party website for an extended period of time. This poses a lot of security risk as; not your keys, not your coins.

That is true for Bitcoin, but some less valuable assets could be worth the risk. I know that you can stake multiple POS coins with a Ledger hardware wallet and Ledger live, but I never analyzed how exactly it works and if you are really giving up control of your coins or if they stay in an address controlled by you.

I know that there are custodial and non-custodial borrowing and lending platforms where you can earn interest by supplying liquidity. If it's custodial, you are depositing the coins in their wallets. If it's non-custodial, you are relying on the smart contract not being vulnerable to hacks. But a lot of these platforms and liquidity providers have suffered exactly that.     

[ipanks]

I prefer to hold than staking if that is about bitcoin because if we stake bitcoin, that means we need to give our bitcoin to other wallets which we do not have control for the coin. But if that is about Binance, I think it is still worth trying as Binance still profits their users. But if you really want to stake a coin in your own wallet, you should choose the right coin and that is not easy to do as many coins offer this to their users. If you want to stake Dash or Ethereum, that will cost you big money before earning a decent amount.

Some websites offer to help you stake the coins besides Binance, but if you want to use their services, you should be careful because you do not know what will happen in the future.

[cheezcarls]

If I have extra funds that I don’t need anytime soon, I would prefer staking. However, it’s not a good idea to put our life savings into staking because our funds are locked for a certain period of time. It’s all about managing your funds first and try to think an amount that you can afford to stake.

We just need to balance our funds into savings and staking.

[Skinny48]

Staking is far better because you could get more gains if the coin surge in price compare to savings, whatever you save is what you will get, a penny saved is still a penny

[Stunzz]

I enjoy staking because I literally understand how to go about it and I also realize it would add up more than just holding, so I prefer to stake than to just hold.

[XUR_TIP]

Do both, savings and staking have their advantages and also disadvantages, one is offline (real world) and the other is online (digital) and they both have their problems too, staking gives good returns keeping your invested money intact but problems can arise if the coin loses value over time, saving is long term and to get reasonable amount in old age ( years after ) your job must be very good enough

[boyptc]

HODL is what's the most popular strategy that we have for bitcoin. You can stake as much as you want but for those that have proven HODLING works.

We'll stay into it but while holding, there are other options that we can do. Save and invest at the same time, and only invest where you're knowledgeable at.

[GreatArkansas]

I enjoy staking because I literally understand how to go about it and I also realize it would add up more than just holding, so I prefer to stake to just hold.

There are lot of advantages of staking and just hodling,
one of the disadvantages of staking is prone to hacks, your funds depend on the platform which you staked your funds, even though most of the crypto projects right now are open-source, there are still holes in some projects even how quality it is.
Hodling disadvantage is could be less ROI, since you just hodl it and you will just wait to increase the price of the token you hodl. That's the only downside, but it's safe if you hold your private keys safe, then you are the only one who accesses your funds anytime.
And some staking has a feature that is locked, which they have a specific time when you can withdraw it.

[mk4]

As for me, staking is more preferable when it comes to long term investment of like 10yrs to 20yrs, because you stand the chance of gaining an annual interest on your actual bitcoin. Which platforms like Nexo offers 6% annual interest, compared to others. And am also sure Binanve offers staking feature, but not sure of it's rate..

It's easy to say that staking is great if you look at the numbers alone. 4-6% on top of asset value increase? It's a no brainer, right? No. Because you're going to risk handing over your funds to a centralized business. I'm in no way going to be comfortable with that.

[Myleschetty]

As for me, staking is more preferable when it comes to long term investment of like 10yrs to 20yrs, because you stand the chance of gaining an annual interest on your actual bitcoin. Which platforms like Nexo offers 6% annual interest, compared to others. And am also sure Binanve offers staking feature, but not sure of it's rate..

It's easy to say that staking is great if you look at the numbers alone. 4-6% on top of asset value increase? It's a no brainer, right? No. Because you're going to risk handing over your funds to a centralized business. I'm in no way going to be comfortable with that.

Agreed about the centralization of staking method was the major reason why a true crypto enthusiast will choose holding over staking but Sovryn seems to offer to stake in a decentralized way though I haven't tried it out.

[ccFOUND]

The investment results shown can be hypothetical and get drastically changed if the investor chooses wrong investments. We'd also call trading a type of investment where enough patience is needed to make big profits via long time hold. But we believe that some projects have under-delivered or were dumped on by their respective investors who lost belief in it, so Sarah and Sal could also lose a significant part of their investment even on the 6.5% yearly interest rates as even banks have gone bankrupt at times when economy of the country they were located at, got hit or banks got looted by big names.