Is Staking Coins a Good Idea?

[jakasantosa]

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 think Staking is one of our ways to generate and increase the number of coins we have. But for Staking on new coins I think the risk is greater even though the offer is very tempting. In my opinion staking will be safer on coins that are on top coins and projects that have experience and can be trusted.

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[Bikan]

Levelling is not something I enjoy doing. Therefore ones commodity will really be secured for an extended duration here. Regardless if you ever need to, we can't utilize their commodity. Additionally, the further you stacking, so more income that would receive.

[devil2man]

staking is excellent as an alternative to long term hold, certainly in a year an altcoin can change its value drastically and blocking them for such a long period can be a gamble, a risk but if you use stablecoins for staking the risks are minimal and you can get great satisfaction

[Kena Banned]

I preferred to stake without timelock and able to unstake it everytime. My suggestion is doing staking pools on Dex, so you can attract your money when its needed or when the price go up, so you wont miss the pump.
Staking with timelock would probably make u still locked when the pump comes.

[Sayeds56]

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 is a good idea provided you invest your funds in good DEFI project. APY means Annual yield, This % shows your annualized return if you don't harvest your daily reward for one year. In simple words you can say it compounded interest on your investment. In staking if your project is good and the price of its coin is increasing then you get daily reward as well as price appreciation benefit on your investment. You have to be very careful when choosing DEFI for staking because there are many scam projects in this field so  do good research work before you put in your funds.

[gaston castano]

Staking coins will be more profitable in the long run and in large quantities. so if you use a little capital you will get less results, but you can staking coins for new releases, usually they offer high apy, but it is very risky and the price can drop drastically.

[avarnet]

Staking coins is one way of getting additional income from crypto assets, Staking itself is a process when you actively participate in validating transactions on the blockchain with Proof of Stake (PoS) consensus, One thing to note before you decide to staking is,
hold the coins you have for the long term and
do your research first and make sure the platform you choose is a trusted platform, because, with staking, you are required to lock the crypto assets that you own for a certain time. This means, during a certain time, we can not sell the coin.

[Sithara007]

Staking will be a loss-making exercise if you invest in the wrong coin. In the past I have made this mistake and I am saying this out of my own experience. If the development is stalled and the coin is not good, then the profits you receive from staking may not be enough to offset your losses that occur as a result of a dip in the exchange rates. At least for me, PoS coins returned an overall loss over the last few years, while the PoW coins provided good profits. It can be my mistake as well. I might have ignored the good PoS coins and went for the bad ones.

[Xampeuu]

Staking will be a loss-making exercise if you invest in the wrong coin. In the past I have made this mistake and I am saying this out of my own experience. If the development is stalled and the coin is not good, then the profits you receive from staking may not be enough to offset your losses that occur as a result of a dip in the exchange rates. At least for me, PoS coins returned an overall loss over the last few years, while the PoW coins provided good profits. It can be my mistake as well. I might have ignored the good PoS coins and went for the bad ones.

Staking also has risks, our intention is to accumulate coins, but if the coins do not have a good development, then this will be useless. therefore analyzing it first before choosing coins for staking is very important so that we don't lose time and money

[rezasg]

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.

You might want to check out Stakenet Staking as well.
Stakenet invented Cold Staking via TPoS and currently in public beta for the worlds first true Lightning DEX built directly into their multicurrency light wallet.

[faithupgrade]

Staking is good only in huge amount "AND" must stake only during BULL RUN. Theres no good profits during bear market. Staking is not very safe it can be hacked too. So better store your coins in a cold storage wallet.

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.

[Masyudhi]

Staking is good only in huge amount "AND" must stake only during BULL RUN. Theres no good profits during bear market. Staking is not very safe it can be hacked too. So better store your coins in a cold storage wallet.

save it just to wait for the price to go up. but staking can increase the assets we have.
I staked assets in the dump market. because that time for me is most suitable to buy and stake with the profits that we can get while waiting for the price to rise again.

[naikturun]

Of course it is profitable if coin staking is still being carried out until now, but by paying attention to the type of coin you are staking and the amount of apy(%) offered because it will be different for each coin, usually staking projects aim to keep some people from selling their coins and give bonus coins to those who stake their coins.
so staking is good if you choose a good one.

[19Nov16]

I think staking is one of the ways we invest in the long term, but what we have to look at is how a project is, what platform they use, so that we can benefit from the staking that we do.

Staking is an alternative to earn easily compared to other methods such as trading or mining, I followed several staking programs and the results were quite good, of course, more staking will make us more confident in the development of the coin.

[sayam]

Staking is a very good idea no doubt it that but it should be flexible. But if it's based on a specific day, then the amount of risk increases many times over. Investing in crypto is always a risky task, so keep that in mind also.

[Benefactor]

The more noteworthy return is should have been held there for somewhere around a year. Some marking wallets will give you the every day benefit that you have dependent on the amount of coins you're purchasing. Possibly my decision doesn't bode well yet I educate you with any structure concerning stakes to pick quality activities and not enjoy time.

[otundebis]

Staking to earn is now part of many projects, staking gives mutual benefit both to the stakers and the project.  It ensure price stability and value rise while the stakers get juicy earnings.  Those that stake early in new project could get amazing Apy, I remember I was getting almost 3k percent on pancakes pool at a time.  If you are not a trader,  the best option for you is to stake!

[Fredomago]

Staking is a very good idea no doubt it that but it should be flexible. But if it's based on a specific day, then the amount of risk increases many times over. Investing in crypto is always a risky task, so keep that in mind also.

By investing to crypto you already stepping with risk, spice it up with staking takes you to another level of risk. Without proper knowledge to what you are doing would only cause you to lose your money.

It's always good to perform decent research and know if you can handle whatever unexpected situation happens, make sure to have sets of plan to make sure that you can easily adjust if things is not moving according to how you foreseen the future of your investment.

Staking in general is a good source of passive income if you choose the right asset to use.

[Coin BTC]

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 profit we get when staking is of course based on the length of time staking. If we do staking within a month, of course it is much different from staking within a year. APY or APR is what gives the level of profit. But the problem is we are difficult to predict the price of coins a year later. If the price of the coin continues to increase, then the profit we make will double. Meanwhile, if the coin price drops, the number of coins that increase will not mean anything to us. Usually, investors who stake them will hold the coins for a long time.

[lousie9]

Staking is one alternative for us to get benefits when we holder a coin but we also have to be more careful when we want to staking on a platform and we also have to know that the platform is really safe to be used as a storage tool that will we use and the most important thing is that the platform does not lock the coins when staking so that we can freely withdraw our assets.