Is Staking Coins a Good Idea?

[Valak]

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.

There are many places where you can stake your coins. Pancakes also provide greater returns to staking on their platform. But if one year later you will get a bigger profit from these results? Not necessarily. Because what you are betting on is not a stable coin, price fluctuations determine the profit or loss you get. If one year later the price of the coin increases, then you will benefit, and vice versa.

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[Gbniman]

Staking is nearly as profitable as the mining or trading of cryptocurrencies, and without risk. All you have to do is stake (buy & hold) some coins in order to get added to the mining pool. As for profits, the actual profits you can make from staking will depend on how much you vest and for how long.
Staking can be both long term and short term investment, it matters how good you understand the project you want to stake.

[tabas]

Staking is nearly as profitable as the mining or trading of cryptocurrencies, and without risk.

Comparing it to the both, I don't think that staking comes close to any of those unless the trader isn't really good. There's still risk in staking if you do that into an exchange.

All you have to do is stake (buy & hold) some coins in order to get added to the mining pool. As for profits, the actual profits you can make from staking will depend on how much you vest and for how long.
Staking can be both long term and short term investment, it matters how good you understand the project you want to stake.

Staking is only good for long term, if you happen to do that for short term, calculate how much profit it projects to your staked crypto.

[Yamifoud]

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 good, as long the coin which you stake is good too. I mean pick coin to stake need research too because we wouldn't want while we stake our coin, the project being bad and coin is not have value anymore. Since past, staking is trend because people can stake a coin in their software wallet and then can sell it directly into market. But only good coin which still survived and not dead/delisted from market.

I don't have a long experience in staking but base on my experience, it certainly gives you some profit and is more than fair in a sense that we did nothing like trading but just to stake good coins, and the exchanger where you stake your coins will pay you. I only use flexible staking where we can easily withdraw our funds if we want to. Not only a good idea but it was a profiting idea and have only a lesser risk than we go in trading. But just have being said, we have to choose the right and potential coins OP as that was the only way we can generate positive results from staking otherwise, you just also waste your time.

[letyouearn]

I don't quite understand the idea of staking crypto. The percentage of APY is so low, that it looks like a ripple on the huge waves of market volatility. The only good idea here is to stake you stable coins if you hold some.

[aemma]

Staking a coin doesn't give apy, it is the platform you are staking on that gives the apy and this is why most people prefers some staking platforms over others. Also, nowadays, staking can be done easily and within a stipulated time set aside by the staking platform, and most today do not last for 6 months or 1 year unless it is the token of the staking platform you are earning, that is, in a platform like pancakeswap, you can stake your CAKE token  to also earn CAKE for as long as you want, but for other tokens, you stake CAKE and unstake anytime or stake and leave it till the end of the pool then you unstake.
Staking is a good idea owing to the fact it offers or provides a means to earn passive income, while still holding your tokens for long term. However, owing to the lucrative nature of it, to enjoy staking you need to stake a good amount of the staking platform token, therefore the higher you stake, the more you earn.

[erep]

Staking is good for long term if you stake a good token.
Not all stake token is good for future so, be carefull to choose token to stake. High APY if their token dump is same as waste a time.

We have to be selective to choose good staking coins and choose a potential coin for the long term, I have experience with Hex coins and feel very sorry for not staking at that time and now the current Hex price has increased drastically. Staking for new coins is very risky and it is better to improve your coin analysis before deciding to stake.

[Psynthax]

Putting a coin or stalking coin is the right choice especially if you keep it in the long term, of course before you put a coin choose the right coin and have potential or enter the top coin from CMC, most people choose stalking in the long term it can make higher profits and don't you forget every talking also has its own risk

Staking long term is safer for staking stable coin rather than new tokens that have small market cap. Although the new token can offer big prize for people who stake it will be useless if the new token getting dumped because of the big allocation of token they offered for people who stake decide to dump their token altogether. but with stablecoins the price will always stable and how many people will dump its still have its price stay the same.

[Kelvinid]

You can actually gain a small profit from staking but at least there is something than nothing. This is commonly a strategy used by many holders and they can really justify how it works. Just only a need to choose potential coins that could stay in the market for long, most of the holders are using altcoins which I think was a good idea. But just to remind the risk in this strategy as we are not in full control of our fund since we handed it over to the exchanger and take the responsibility, and whatever happens to them, you will lose them all.

[Lexurdania]

staking only work if the project was high quality project, we could earn double benefits if developers team could maintain price or even make it growth . when demand to coin could created and investors believe this is the future , so stake our coins could be great future. we will got staking reward and also price increase.

[flip4flop]

In my opinion yes staking is incredibly beneficial to increase your wealth if you do it smart. I would recommend taking the time to do the due diligence on what and where you are staking to ensure there is a lower risk of getting the rug pulled on you. Chasing insane APRs sounds good but is likely very high risk. If it sounds to good to be true just ensure that losing the entire amount you are staking won't put you in a bad spot financially.

[cabron]

In my opinion yes staking is incredibly beneficial to increase your wealth if you do it smart. I would recommend taking the time to do the due diligence on what and where you are staking to ensure there is a lower risk of getting the rug pulled on you. Chasing insane APRs sounds good but is likely very high risk. If it sounds to good to be true just ensure that losing the entire amount you are staking won't put you in a bad spot financially.

Rugpulls are only for the new projects. There are some Defi projects that did this already and some almost becoming a scam when there are no staking pools created anymore and if you plan to join the staking, make sure there are staking pools to those projects. This is just one risk to these Defi staking, another is the hacking which recently happened in Polynetwork.

Staking on old projects are a lot safer like with ETH, DOT, NEO, SOL and ADA.

[FinneysTrueVision]

There are different types of staking. There is staking at the protocol level on certain blockchains where you can lock money up and in return you earn block rewards for being a validator on the network. There is also staking on decentralized finance where you are incentivized to provide liquidity. I have previously staked CAKE on PancakeSwap and was was earning a decent passive income from that.

[Text]

Yeah, it's really beneficial to stake just like I'm doing with some of my other coins/tokens in my Binance account. When I don't want or not ready yet to sell them and because I have a price target for selling, I stake them first. I get at least a little, and at least there is more than nothing. Just stake on trusted platforms, other wallets have and can also be like the Trust wallet but only selected few altcoins.

[Sithara007]

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 really one good way to earn passive income especially if you are a long term hodlers because in this way as long as you hodl your token and stake it, it will earn interest that can be a profit for you.

Staking income will be of no use, if the exchange rate of these coins go down. And that is what happened in 2018-19. A lot of people invested in various PoS coins, and suffered huge losses when the prices went down. The income from staking was not enough to cover these losses. And unfortunately, many of these coins are either dead or dormant as of now. Investors have suffered close to 100% losses, especially with the smaller PoS coins such as Deep Onion. The situation may have changed, but it is difficult to trust this bunch again.

[Melignya]

Many people say that the rate is an alternative to mining, I was recently interested in this topic and found a rather interesting article, I leave the link https://blockster.com/blockdesk/1410_can-staking-lose-your-crypto

[DibiaVxosis]

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 not actually for someone who is looking to make money with their capital, its only for someone who is already having huge amount of staking and don't know what to do with their money so they can stake and get very little returns per year. So you have to hold your coins for a year to get that return but while holding period the value of your coin may fall 50% or rise 50% so understand the risk associated with that before staking.

Well actually the staking reward isn't that lucrative but could be more beneficial to people with bigger capital, and also one thing to note is that staking is just like locking your money for a period of time, staking is just like having a spare funds to keep out for a period of time and gain little rewards in return, it's not a get rich quick scheme or a formula for doubling small capital either, so for me I would say staking is for those with huge capital and funds which isn't ready to be spent yet.

[haleema]

Staking is a fix income of your assets and very good profit as per you investment. It's available on all exchanges or Dex, but you have to chose secure and potential like Binance. There are many coin pairs are available for staking some of these have high APY. (btc/usdt) (usdt/busd).

[Hypnosis00]

Staking is a fix income of your assets and very good profit as per you investment. It's available on all exchanges or Dex, but you have to chose secure and potential like Binance. There are many coin pairs are available for staking some of these have high APY. (btc/usdt) (usdt/busd).

2%, 5% APY isn't bad enough and besides, we don't do anything but just like depositing money in the bank waiting to receive our shares. Trust and capability of exchange are big factors that could help to determine which coin and exchanges will have to choose as not all coins have the same rates and at the same time, not all exchanges are worth trusting. Choosing the higher APY the better but please be reminded about the risk as it still existed since they are prone to hacking.

[Gbniman]

Cryptocurrency staking refers to “locking up” a digital asset to act as a validator in a decentralized crypto network to ensure the integrity, security and continuity of the network. As an incentive for helping to secure the network, stakers (validators) are rewarded with newly minted cryptocurrency.

Staking has been made possible by the Proof of Stake (PoS) consensus algorithm, which emerged as an alternative to Bitcoin’s energy-intensive Proof of Work (PoW).