Is Staking Coins a Good Idea?

[Lunafox]

Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338

Now DeFi is being used in an increasing number of industries. This significantly increases the popularity of DeFi. And DeFi is also a great opportunity to make money, many people earn money on DeFi, which is why DeFi is so popular now.

The most important thing is to continue developing the project in order to implement all the ideas conceived and the users of the platform had more opportunities to earn money.

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[LordMiguel]

staking is a good idea but it is mean for the rich. staking is better than farming. you can pull out your token from staking whenever you want to and it is possible the token price have increased. you can sell if you want to but i think it is better to stake than do farming. during farming, you loose your token when the price goes up and i have decided to stake my new tokens and never join farms. some of my tokens that i have earn are from farming but i want to move into staking.

[cimoin2211]

Staking gives passive income so I think yes it's a good idea but but we have to have in our minds that the price of thoes coins will not remain the same and 95% staking coins get low on price drastically so be cautious about investing in high prices.

[Sweetbtc]

You can’t sell when ur staking and it’s useless unless your staking thousands you know what your gonna make off say $200 staking? About $1 that’s it  and in the meantime if you coin skyrocketed 1000% that day you can’t sell then it will tank and u still can’t sell till it’s to late

[v3liana]

It's good passive income and helps the ecosystem of your coin. Even if you have a small amount any free coin is better than no free coin. If it's a coin you'd want to sell if there was a sudden 2x - 3x spike, staking may not be the best option because it could dip before you're able to sell.

[SoeNan89]

Staking also has something in common with deposits, namely by depositing a certain amount of money and letting the bank manage the assets you invest there. In staking, locked crypto assets or currencies will contribute to aligning all stakeholder desires.

So, if there are enough entities that have crypto assets that stake in a network, then everyone involved has an interest in keeping the network running and growing.  However, if there are not many entities that stake, then this process can be a loss because the network will be difficult to develop.

For that, it's a good idea to choose a token or coin that has a good reputation and network.

[OgNasty]

If you’re going to hold a shitcoin you might as well stale it right? Otherwise you’re essentially losing money as everyone else’s free tokens devalue yours. I’d just make sure you staked it with a reputable service, or even better to do so yourself.

I’d never stake my Bitcoin though. Don’t trust that I’d ever see them again using a staking service.

[midaslordes]

I guess that staking coins is really a very good idea especially to every crypto holder such doing either short term or long term knowing that they earn passive earning while staking the token they hold.

[kak uli]

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 Coins is a good idea, but only for people who understand what platform to bet on, and the timeframe it is necessary to pay attention to in order to find profit in Staking.
then also need to know that Staking is completely risky so you need to be careful when doing it.

[the rise]

That's a good idea. But we have to know the risks. Usually putting coins on staking has an impermanent loss risk. That's something that many people usually fear. Once you put that capital, the price of the coin drops. That's where you'll lose a lot. Before making this staking capital investment be sure to consider the risks as well.

[wissy]

I would actually like to see more staking options in hardware wallets. Since holding coins in those wallets is considered to be the safest option, many of us are holding BTC and ETH there. Its sad to see that Ledger and Trezor are not offering to stake most popular coins but only few exceptions. I hope this will change in the future.

[AF_Nill]

I think It's the Best Idea I ever hear. Why? Staking help you to Gain benefit for your Holding and another side its help user to Hold their Assets for a long time. I personally get benefited from Holding coins & Token.

[ziyaaa]

Staking is good especially when you are aiming not to leave your money in your checking account. Or when you don't want to buy any coin with your money but you still want to keep your money in the cryptocurrency market, then you can choose to stake into some stablecoins. Maybe they won't make you a lot of profit unless you stake a great deal of money but it is better than leaving it without doing anything. 

[indo1]

A good idea, and very suitable for those of you who at that time bought at the top price and have not benefited because the price is now below. You can put the coins on the staking and let them add up on their own. That would be better than being hold.

[wmaurik]

A good idea, and very suitable for those of you who at that time bought at the top price and have not benefited because the price is now below. You can put the coins on the staking and let them add up on their own. That would be better than being hold.

The option that you offer is classified as very good because by using a betting method that can ultimately increase the number of coins, the loss has been slightly covered or cut through the price decline that is currently happening on all coins, so for now the coin hold option is only done on certain coins only

[Wong Gendheng]

Staking is a popular trend nowadays, almost all new projects are always campaigning about staking, I think staking is a good idea because it will make the coin able to withstand various external disturbances, this is needed to make the team can focus on developing long term.

[Sir Legend]

Now more and more people are investing money in cryptocurrency, which means that it will be more and more difficult to stop it or ban it. Now there are a lot of DeFi in the gaming industry, which will attract even more attention to cryptocurrencies. Here is an article about gaming and DeFi https://cinemadraft.medium.com/introducing-cd3d-the-official-defi-game-token-of-cinemadraft-cb5d3f191338

Now there is a lot of competition among cryptocurrency projects, so it is very important to continue developing the project in order to survive and attract the attention of investors and users.

I agree about the competition, but it seems to me that the prospects for NFT in games are very large, because despite the great competition between games, each game has its own players, and the presence of NFT makes the gameplay more exciting and profitable.

NFT is a great innovation to combine blockchain with games, I've heard that Google's income from selling game vouchers reaches up to $1.5 billion per year, with a large market this is certainly an opportunity to make crypto shine with the gaming market.

[Spack17]

If your goal is to still keep money in the cryptocurrency market and not to invest into a volatile cryptocurrency now, then staking is one of the nice choices I suppose. But you should already be ready for not earning so much money in staking.    I suppose that you are planning to stake not too much amount of money. Then it means that you will make a very little amount of profit as the rates are not that high.

[bison]

Staking might be a good idea if all we bet is a shitcoin, at least it will make the shitcoin a little useful, but there are drawbacks to staking, where the assets we have will be locked for some time depending on the time period we choose , it's as if you don't have it in that time because you can't use it.

[superman184]

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.

Staking is a good way for some passive income but you should know about how it works, currently I am also staking on several platforms, maybe the passive income generated when we staking seen from the number of tokens and APY provided by the platform, I think it will it is better for us to risk assets than just leave them in the wallet but provided that we are risking good tokens and low risk.