Is Staking Coins a Good Idea?

[DanielBroonze]

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.

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[asriloni]

APY means yearly interest for your coin that staked in the network. Staking is a good idea but you must have known about all of the risks. When you're staking and you must try to stake on the platform that will not lock your token and did vested for your reward.

How much you can earn from your staking totally depend on how much APY that already offered by the staking platform. More APY and you will get more token as the reward for your staking activities.

Let's say you will get 120% APY and when you're doing staking for a month and you will be earning 12%, 6 months you will be earning 60%. When you are fully staking your amount for a year and you will earn 120%

[Boomber]

staking is a good idea, because if you hold coin that you have for the long term, then it is the right choice for you do staking, because you can get passive income from staking and in my opinion staking is also safe, so you will not experience any loss from staking (as long as the price of coin that you are staking does not go down), then the longer you choose the time period for staking, then APY you get will also be higher, because APY depends on the time period you choose for staking.

[semobo]

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.

[blockman]

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 good if you will not use the coins you're going to stake for a year. The greater return is needed to be held there for at least a year. Some staking wallets will give you the daily profit/interest that you have based on the quantity of coins you're buying.
But there are also holders that don't like to stake because instead of staking it, it's better to hold it because you're free to do and move it anytime at your will. Because some staking requires you to lock on your deposit through an exchange.

[ivankoh]

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 idea, it really makes sense for wide angle defi platforms.  Depending on the perspective of the protocol and the smart contracts set up, I have tried staked/farming on some defi projects on Polygon but the results are really disappointing, defi face is deflation but it  changed the meaning completely when there were so many opportunities to manipulate prices and rugs.  Currently I bet with Sovryn, the value(APR/ APY) of stakes on their protocol depends on “vesting power” which means the more you use the platform, the higher the benefits.  It has deflation by splitting the reward with a 10 month translational vetting.  Maybe my choice doesn't make much sense but I advise you with any form of stakes to choose quality projects and not indulge in time.

[Rigon]

What is stacking and how to do it? What is API and how much interest can be obtained by keeping it for a long time?When you deposit a coin with a certain time, that is stacking. And API is how much interest you are getting as a result of your deposit. If you do this for 30 days 60 dayes days and 90 days then you will get interest like the picture given below. As I explain with some pictures below

[Wakate]

A lot of persons are writing Staking is good but do not forget that it has it own hidden risks that is attached which one need to be prepared against. Only Stake what you can afford to lose, not just staking all your earnings because of the enchanting benefits that is attached.

Do not forget that when staking your coins, there is high probability that the site can be hacked and all your earnings might disappear in a single seconds which is why many experience investors always prepare for the worse before engaging in staking of coins.

[Tytanowy Janusz]

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.

Only if you you hodl this coin. You should never buy coins for staking. You should buy them when you know that its a great project that you checked and want to invest. Staking is only an extra few % annually. Its nothing comparing to monthly price amplitude ... not even saying about annual price amplitude that can go from -100% to x100.

And check from where rewards come from. Some coins are paying high rewards (>100%) but coins comes from distribution of new coins what cause inflation which burn all your gains because at the end of the day it does not matter if you hold 1000 coins out of 10 mln that exist or 2000 coins out of 20 mln after a year of staking.

[cricketkhampion]

In my opinion, it's good to invest in staking coins because these coins having two benefits
1: staking profit
2: due to staking supply will be limited and prices go in big profit

[Baimovic]

Currently I am also staking on several platforms and now it has been running for 1 month, maybe the passive income generated when we do staking is seen from the number of tokens and APY provided by the platform, so even though the value is only a little then when we staking it will only add a little of our monthly results and maybe our income will be bigger if we do staking with a value of $ 1000 maybe that's the right capital to start.

I think it would be better for us to keep the asset at stake rather than just leave it in the wallet but provided that we are staking tokens that are good and the risk is low.

[istiak2277]

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. There are different types of staking methods like you can stake your token and will receive some other token as a reward. You can put your coin in proof of stake so that you will earn that same coin by helping that blockchain to run. It will be better not to stake your token for a fixed time like 6 months or 1 year if it's not a stable coin. You could take losses if the market crash.

[Bazlur]

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 personally don't like staking.  Because here your asset will be locked for a long time. You can't use your asset even if you need to. And the longer you stack, the more interest you will get.

[danherbias07]

You must first look for a coin that is worthy to be held for a long time. Because it won't make sense if their project is near failure while your staked coins are still locked. Yes, most stake rules are locking your coins until a certain time. But I think Binance has a platform that lets short-term liquidity. You might want to look there.
Still, you will need to pick a coin. Do you have anything in mind now that looks good to you? If so, you should've added it with your OP too and it might help for a more detailed replies.
It's a good idea for me but you should also be cautious about what you will stake and the staking platform.

[bitcoin-shark]

staking is a valid alternative to trading the gains are lower but also the risks are low if you have a large sum of an altcoin you can make interesting gains, the api of the stablecoins are at least double of those offered by traditional banks

[cryptoknows]

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 tricky and there are a lot of factors to consider. You can get huge APY resources that can be scaled up. But now this is only relevant for large token holders. But you can try stacking inside the Near protocol ecosystem. You don't get a big APY, but if you are sure that the price of the project token will grow, then its staking is an additional pleasant bonus for the holder. As for higher APYs, try looking for an interesting pair on sushiswap, in this bull market you might be able to find a great rate without losing money in the value of the locked token.

[Rengga Jati]

Staking will be a good idea if:
- We are not trading them, it is more for the long term investment
- The price of the coins is still dropped and still under the rate that we bought, I personally will prefer to stake it while waiting for the increasing price.
- The APY is interesting and also reasonable enough.

The length of staking will be different among the exchanges or platforms.
I found it starting from 7 days to several months.
However, most, long time we are staking, the calculation will be higher than we are only staking in a shorter time.

[DoublerHunter]

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 too many factors to consider before we can say staking is a good idea, we should have to choose a well reputable and legitimate exchange were to trust to hold our fund before considering leaving our asset there. I still believe in the golden rule of crypto, not your key, not your coin which is if staking is you must fully trust the platform you have to choose. Regarding how much profitable it is, yes, it is very profitable but it's quite a risk too.
I have one question, is staking in Binance belongs to the SAFU service? Which is your fund deposited to have a guarantee that safe?

[Handsome Boy]

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.

how can you ask if staking coins is a good idea? of course it's clear that staking is a very good idea, because without having to trading or anything, then you can earn money every day, so of course staking is a very good idea and definitely profitable for you, then a period of time such as 1 month, 3 month and 6 month is the time that you choose to hold your coin in staking and the longer you hold your coin in staking, then of course it will make the APY that you get will be even greater.

[CaVO32]

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.

how can you ask if staking coins is a good idea? of course it's clear that staking is a very good idea, because without having to trading or anything, then you can earn money every day, so of course staking is a very good idea and definitely profitable for you, then a period of time such as 1 month, 3 month and 6 month is the time that you choose to hold your coin in staking and the longer you hold your coin in staking, then of course it will make the APY that you get will be even greater.

It is only good if you choose a very good platform. Because in time, the initial APY offered may go down day by day depending on factors like how many stakers are joining, the profits of the platform and others. Not every staking coin is good to invest with. Look for platforms that have real use case with active market. Because if they will rely on stakers alone for possible profits, the platform can easily die and so your passive income is gone.