Is Staking Coins a Good Idea?

[ninabobo]

Staking could be a good way of making little profits without doing anything, it could be more like passive income, well I think staking isn't for people with small capital because the income it will yeild will be small depending on the capital tho, staking isn't for those looking for quick profit because it requires a longer period of time for the capital to accumulate more percentage, tho some staking platform gives more percentage than the others  and some could be more lucrative and beneficial.

[poodle63]

Staking good ideas if not any rule like lock coin with several period time, example when you staking some coin you have waiting one month to open and your fund available to sell, we don't know some time few week after staking coin pump but when have rule with lock we can't sell our coin and need waiting one month to unlock.

Staking that require to lock the asset is only suitable for long term investor because most of long term investor don't care about the short term pump and dump because they already set price target.
For short term investor that care about the short term pump and dump and it can become unprofitable if the reward they get from staking is also small because as you said we can't sell the token if it's locked and can miss opportunity when prices are high and it will only work if the staking reward is high.

[Gayong88]

You can try it On TVK https://www.binance.cc/en/support/announcement/c28d34b977a34c2d8882aa96ff07a957 After 15 days of stakes and TVK back to the spot wallet, the TVK is put back into locked staking along with the previous profit, if you calculate the result, the interest is 47% a year. The point is as long as the fundamentals of the coin/token are good, why not.

[Melignya]

Because of the energy consumption issues that arise in cryptocurrency mining, staking is often considered as an alternative. I read an article on this topic here recently, I'll leave the link https://blockster.com/blockdesk/1410_can-staking-lose-your-crypto

[TWW]

I think staking is a small risky investment, where the coins we invest will remain safe and not decrease like we trade on the exchange, as if we get passive income from our savings without any admin fees like in a bank

as long as the asset and platform we choose are good, I'm sure it will remain safe and very low risk.
but it all depends on the analysis and market moments too. we must determine the right time to enter the stake and the right time to exit.
because some platforms give a time limit for each staking. so we can not arbitrarily do unstake.

[faithupgrade]

Staking is good, if. Yes theres an "IF". If the price of the coin you are going to stake is going up. Then stake the coin, because aside from holding you gain a few profits from staking.

If the price of stake coin is bearish, then better sell the coin and hedge the price in USDT. Remember this, even the coin is producing profit thru staking. The amount of coin you can buy once it reaches the bottom might be double or 4x of its amount.

So better plan your trading or staking.

Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

[kensaii]

Staking used to be a trend for almost every new altcoin a few years ago. But as more people have a chance to try it, they realize staking is very risky as you need to lock or hold your coin in an amount of time to receive stake reward. This is very similar to when you deposit your money into bank and sign a paper to keep it for an amount of time to receive the annual interest rate. In cryptocurrency with a dynamic market every day, something changes, prices going up and down. This meaning you become passive over such change just because you're willing to do it for 'stake reward' that could just inflate the next day while don't have the stability of real fiat money. See how this going?

[TastyChillySauce00]

I think staking is a small risky investment, where the coins we invest will remain safe and not decrease like we trade on the exchange, as if we get passive income from our savings without any admin fees like in a bank

as long as the asset and platform we choose are good, I'm sure it will remain safe and very low risk.
but it all depends on the analysis and market moments too. we must determine the right time to enter the stake and the right time to exit.
because some platforms give a time limit for each staking. so we can not arbitrarily do unstake.

The time limit for staking or the token being locked is what make staking can be unprofitable in the long term because the price of token isn't always stable. But if the asset that gets staked is gaining more price it can become profitable.
There are many project that offer staking even if their project is already popular mostly games because they want to attract more gamers, like AXIE for their land owners if I'm not mistaken and this project is based on NFT game. Since this token also isn't always stable in price it can also become unprofitable in the long term.

[Malam90]

There is a similar topic about Staking. I recommend staking but you have to be cautious about fake projects with high APR. Invest only staking coins that already popular and have faith in the crypto world. Many new projects are coming with high APR but some of them are scammers that already proved. Low APR but trusted project is highly recommended like Pancakeswap, Babyswap.

[Melignya]

I recently read an article about staking, specifically why staking can lose your currency, I leave the link https://blockster.com/blockdesk/1410_can-staking-lose-your-crypto

[matchi2011]

Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

It depends on how much time you have to manage your own money. Staking involves always risks that we can't control. If the money is lost we don't have much chances to get it back, so we really need to trust into the staking. If we have a lot of time at hand and we could trade with our coins instead.

That's another part of investing. If you have your time and you can keep your eyes on the market, then you can work it out and succeed from that venue. Though it's not the same outcome or process with staking, the generated profits out from this venue are more if the asset that you use for staking pump up.

The rise in value gives you twice the benefits, while if not and if in case you missed it,
you don't have any other option but to accept you lose your money.

[CaptainCrapper]

Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

I have gets a new idea from the my friend that is farming system if you go swapping site you will see lots of token and coin holding for swapping and farming.how much amount you sowp this amount need USDT or this pair liquidity.

[pawanjain]

Staking is good, if. Yes theres an "IF". If the price of the coin you are going to stake is going up. Then stake the coin, because aside from holding you gain a few profits from staking.

If the price of stake coin is bearish, then better sell the coin and hedge the price in USDT. Remember this, even the coin is producing profit thru staking. The amount of coin you can buy once it reaches the bottom might be double or 4x of its amount.

So better plan your trading or staking.

Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

The strategy sounds good but we never know when the tables turn and the price swing upwards.
Staking is for the long term holders who can patiently wait for a long term without worrying much about the dump/bear market.
Yes, selling and buying will gives us a much more amount of coins but with that comes the risk of losing coins as well while with staking the amount of risk is relevantly very low.

[Psynthax]

Staking could be a good way of making little profits without doing anything, it could be more like passive income, well I think staking isn't for people with small capital because the income it will yeild will be small depending on the capital tho, staking isn't for those looking for quick profit because it requires a longer period of time for the capital to accumulate more percentage, tho some staking platform gives more percentage than the others  and some could be more lucrative and beneficial.

Staking is suitable for people with small capital with newer tokens because they offer prize for locking tokens and although it can be based on capital, because its a new token with relatively low price the reward can become big if the project grow like many of NFT project that usually have very cheap price of token and later grow to become valuable because the project is booming. Like staking in some NFT project partnered with binance they offer staking with reward in token and later the token price become very high because pump.

[H1N1]

Because of the energy consumption issues that arise in cryptocurrency mining, staking is often considered as an alternative. I read an article on this topic here recently, I'll leave the link https://blockster.com/blockdesk/1410_can-staking-lose-your-crypto

Indeed, mining coins with mining device is very energy-consuming such electricity and heat.
Staking is a very good alternative for people who doesn't want to spend much energy on environment.
But usually the price of PoS coins is more volatile than PoW coins.

[lepbagong]

Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

For me if you are going to hold your coins for a few months or year, it's much better to stake it. The reason is that even if you are just holding your coin, you still have chance to earn more of that coin instead of just holding your coin in your wallet.

holding coins such as bitcoin in a wallet, is certainly one way to achieve a higher value in time. so there is no wasted work gained from holding coins in the wallet. indeed holding the coin in the wallet for a certain time, obviously is not a risky thing, because it can be ascertained that the coin is safe and just waiting for the coin to increase in time.

but if you want to do more, you can trade, but this is clearly a risk that will be carried if it is wrong to analyze properly. so that now there is staking which is also the same as holding, but only a slight difference which is determined by time and the benefits can be better than just holding, at a glance like the deposits we do at the bank.

[Slon55koz]

Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

For me if you are going to hold your coins for a few months or year, it's much better to stake it. The reason is that even if you are just holding your coin, you still have chance to earn more of that coin instead of just holding your coin in your wallet.

holding coins such as bitcoin in a wallet, is certainly one way to achieve a higher value in time. so there is no wasted work gained from holding coins in the wallet. indeed holding the coin in the wallet for a certain time, obviously is not a risky thing, because it can be ascertained that the coin is safe and just waiting for the coin to increase in time.

but if you want to do more, you can trade, but this is clearly a risk that will be carried if it is wrong to analyze properly. so that now there is staking which is also the same as holding, but only a slight difference which is determined by time and the benefits can be better than just holding, at a glance like the deposits we do at the bank.

It is necessary to understand that holding coins for the long term has very big advantages. And even despite the high volatility of the cryptocurrency market, such coins as Bitcoin and altcoins from the top 10 will give a very strong growth in the future, even in the case of a small drop. We observed this in the autumn and winter of last year. Therefore, I hold promising coins and expect good growth from them in the near future.

[Evgenklm]

Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

with staking, you need to be very careful, because the sites are now being lured by high apybs, and after the start it does not come out as well as I wanted, what I'm leading to...it's better to stake stablecoins, although apy is a small but reliable investment, you just need to choose a good defi exchange, with a good audit, etc.

[Yalalagh]

On top of financial returns, crypto ‘stakers’ – in some cases - also get the right to vote and participate in the governance of the token network. In absolute terms, the best crypto staking services are those trusted platforms that offer higher yields. The rate of annual return is an estimate though, as actual yields can fluctuate by quite a lot depending on how much others lock up. Source: https://blockster.com/blockdesk/1493_top-three-crypto-wallets-that-support-staking

[carlisle1]

Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.

with staking, you need to be very careful, because the sites are now being lured by high apybs, and after the start it does not come out as well as I wanted, what I'm leading to...it's better to stake stablecoins, although apy is a small but reliable investment, you just need to choose a good defi exchange, with a good audit, etc.

Deal with your research it saves you  a lot! Before exploring to this staking business you need to have broader knowledge about the project that
you'll going invest your money.

If you use exchange,  Binance is one of the most common place to pick coins and stake your investment, there are many available assets both stable
and cryptos, it's up to you to choose if what you think is good.

Don't be too greedy, if you want in a much safer side, best to use stable, though it's offer small apy.