Is Staking Coins a Good Idea?

[Orange89]

STAKING is really an amazing idea it help your portfolio to grow but the most important factor that depend upon is APY /APR/ROI the more of these factor the more you will able to earn , their is also Lock staking in which your token. Is locked for a particular time in these time you can't Withdrawal your token it is complete locked for given time and after that time you will get a bunch of tokens depends on the APY
So conclusion it is good idea only drawback is your token price if came down they you don't have that much profit

[NeverSop]

Staking is an additional expansion option for the Hold demand to expand the benefits for those who invest in the project's platform.  There are many types of staking depending on the level of trust or interest in APY.  staking is also applicable to market creation/pool bets singly or in combination with farming.  Personally, I am a long-term investor so my view on the staking is ideal.  Currently, Staking has really outstanding benefits compared to borrow or lend

[dezoel]

Depends on what you are staking. However do not forget that if you are not making money while sleeping then you are never going to be rich, the path to being rich goes from making money while you are sleeping, your money should make money for you and for that staking is a great method.

I have been staking at cake for a while and I am quite happy with the results, it is not a lot of money like some other staking offers but those tokens usually end up being nothing at all, whereas what I am making here is not big but it is definitely a steady income method and I am quite happy about it as well. The path is to find the balance there, it should not be huge enough that it will fall down too much and drop the price, but it should not be very little that you do not make nothing neither, you just need to find that middle ground and I believe I got that with cake.

[harapan]

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 staking plan is actually made by the team of the project .Staking is always a good idea to gain profit and make healthy your wallet .One other thing you have to choose the potential coin to stake if you fail to choose that you can make losses .So always research enough before staking your coin/token .

Yeah, right to say that staking plan or APY percentage is always pre-determined by the team, higher APYs are offered to people who stake for a really long time while for short term it's a lesser APY, staking is really nice but choosing the right coin to stake is even more important than anything, cause if you decide to stake a coin that doesn't have potential to last in the future you will only end up getting losses, coins like eth, cake and Near are really good to stake, although I'm staking Near for 22% APY on Binance, since I don't have 32 eth to stake eth.

[barbara44]

Staking is the means of earning in crypto currency, which is lucrative means of earning income without streess (Passive Income), the basis before staking is to do personal research, before staking and consider the rate of return, after its a good idea to stake

Coins that work on the POS (staking) usually lose their value in the long run because the rich get richer and will dump a large number of coins in the market each cycle. If you are staking a coin either make sure the returns are great or the value of the coin is preserved in some ways, either by development or use cases.

I personally don't like staking but I have seen guys making a good amount of money from staking alone, but they have good capital to do it. Also, there are many Ponzi schemes that look like staking sites so be very careful.

[MoisesTFX]

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.

Well, that depends a lot of course, although I consider that in general the best investments are long-term. In this case, we are talking about Staking, it is not a simple investment but something else that will give us interest, depending on the currency and all that plan can vary the percentages and that profitability that it has over time.

It happens that some Proof of Stake contracts give you the daily, weekly, monthly or even annual reward there may be. In the case of $ DIVI, which is one of the best stakes that I have seen in a fairly complete altcoin, weekly it will give you its reward being able to take control of all your DIVI from the PC by installing the app that is quite useful and I do not regret it at all since I end up being one of my best investments for the little effort it requires is great passive income.

You can find more information on their website or social networks https://diviproject.org

[princeyeboah]

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.

Yes, staking is a good idea because it's a simplified form of Proof of work where a lot of energy and complex computers were needed to setup. Staking assets like Divi only requires their wallet and your Divi coins. The wallet interface is simplified in a way that everyone can use.

[bamb]

Staking is when you lock up your coin in return for interest.  It is recommended for hodler to stake their coin if they  believe in the future of the coin.  Annual percentage rate is used to calculate what should acrue to your staking after you must have held for a certain period of time,  and this rate is different from coin to coin.  Staking earn you money in the long run and it is definitely a good idea!

[goolesby]

Staking is a great way to maximize your holdings in staking coins and fiat that should be in your Kraken account. Once you have staked your assets, you can earn wagering rewards on your holdings and grow them further by combining future rewards. You can earn rewards when you stake cryptocurrencies and fiat for a certain period of time as an incentive to acquire and retain the assets at stake. Some staking coins may require a bonding period. To get a staking reward, simply select the asset you wish to bet on and once you have finished tying it will be ready to start staking and earning rewards.

[TastyChillySauce00]

some token staking sometimes does airdrop by getting new tokens or NFT.
this is very profitable. I also do some staking like ApeSwap and Sovryn.

NFT staking can be profitable, but NFT staking like NFT games will require us to buy land in the game to be able to stake but the reward for staking they offer for just owning land in game looks good although the land can be rare or expensive. But for the people who are lucky to be able to buy land in early stage of the game and get really cheap land they can make good profit by staking using their own NFT game land.

[layoutph]

As far as I know APY is the percentage per your investment will grow. Let say a coin in a staking has an APY of 50% meaning. In One year the coin you will stake will have a 50% profit, or 4% profit per month. So far better than the usual 4% per annum from banks.

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.

[glendall]

Staking is a good way to earn passive income, in my opinion. but there are many things that need to be considered in staking, the main thing is choosing the right Crypto Asset. Here you should be able to decide which coins have a good chance of betting.
Staking coins is considered a cheaper and less risky way of taking part in the blockchain network validation process to earn passive income without having to constantly trade on your crypto assets. Moreover, it is an energy efficient and environmentally friendly way as it eliminates the need to purchase hardware for mining.

[carlisle1]

some token staking sometimes does airdrop by getting new tokens or NFT.
this is very profitable. I also do some staking like ApeSwap and Sovryn.

NFT staking can be profitable, but NFT staking like NFT games will require us to buy land in the game to be able to stake but the reward for staking they offer for just owning land in game looks good although the land can be rare or expensive. But for the people who are lucky to be able to buy land in early stage of the game and get really cheap land they can make good profit by staking using their own NFT game land.

The one who managed to buy the cheapest one are those who generates more staking rewards,
It's always like that so make sure to invest or stake your money to right asset that may provide good rewards for your investment.

Staking needs to have further investigations and hard research, there are many available assets that offer this feature,

Staking can be both long term and short term investment, it matters in how good you understand the project.

[BayAngelo]

what i think about staking is that the more you stake, the more you earn and your investment increases. the more your reward or returns increasing only if you did not withdraw from the staking platform. choice is yours. How much you stake will determine how much you will make out of it. the more money you put in, the more you earn. some one mentioned about the staking platform, it is very important.

[lumierre]

Personally I consider staking to be quite a profitable thing. At first I tried new projects that promised enormous interests if you stake their native tokens and quite high APR if you stake other currencies. The thing is that you have to pay deposit fees usually that do not always pay off.
But you consider risks. It is not very safe to invest in new projects as it can be a scam, so it is better to invest in reliable projects (pancake swap, uniswap).

[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.

Staking is a good idea who want to invest long-term and risk-free you can take this staking system. I have some TRX on staking 90 Days On Binance exchange I am getting profit daily basis after one-week payment I am doing trade I think this is a very good idea for all trader and investor.

[TastyChillySauce00]

I think staking coins good idea,coz staking is The good way to get profit for long term holding. We can get more profit from staking. Staking is definitely profile for passive income. Staking is good Being attractive, choose good coin/ token and trusted platform and go on.

Staking is suitable best for long term holding because while waiting for the price to increase it can help earning other tokens. But, if the staking lock the tokens, it will hold the token while price movement happening and that can cause lose therefore staking coins that's stable and not have too much movement is recommended. Right now land from game with NFT also allow staking, it seems it become popular because many people also wanting to buy NFT game land.

[Lordshiva]

Yes according to me staking the coins is a great idea and I encourage to stake in some good potential projects. I have done staking in projects such as CAKE they can be trusted and a giving good return. But main thing is do you own research before staking and it is a good idea.

[topbitcoin]

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.

[Fredomago]

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.

Way back, this staking offers gained attentions, I remember some like Stratis, Neo and lisk those are examples of those staking coins which still survive.

But now, with lots of new coins that offered same staking feature, you can use known and reputable exchange to do this for you, you don't need to keep your device always turn on but the exchange will let you enjoy the staking features.

And likewise, choose the right project before putting your money into this market. You don't want to see your assets to turn shit while you are expecting rewards. It will just waste your time and money in the long run.