Is Staking Coins a Good Idea?

[tiffcrz]

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.

Did you know that you can earn great passive income via Stakenet staking? The dev team worked hard to ensure that staking is accessible for everyone who owns XSN - the native crypto of Stakenet.
There are currently three recommended ways to stake your XSN coins: Cloud pooled staking, Core wallet staking, and Cold staking (TPoS).
For as little as 1 XSN in your wallet, you can start staking right away.

[Gayong88]

Very interesting, in my opinion, if non-crypto finance is called bank interest, if crypto is called staking. For the duration, if I'm not mistaken, there are its own provisions depending on the platform you choose. means choosing the one that gives the appropriate take and give. For example, choosing a coin that has good fundamentals like BNB is an example. If you buy BNB and it has gone up 500%, after that you can get out of BNB you can get 5-20% interest a year paid in BNB.

[Wawa2013]

The previous pledged alpaca yield can reach 200%, which is extremely high, but it will cause a lot of selling.
The current cake pledge rate is still good and can be taken out at any time.

Staking is another method of holding your coin but in a passive way to add more value to it without trading or doing buying and selling. The cryptocurrency market has become easier for investors to earn from both sides when trading or investing through staking of coin and other means. Staking has it's own risk so investors need to be at alert or they might lose there funds.

There are so many options for making profits from cryptocurrencies, one of which is by staking coins. Your explanation is true that staking coins
can give us passive income, most importantly we can choose trusted platforms for staking coins. Because now there are many modes of fraud
happening in the crypto world, so be careful if you want to staking coins. Look for platforms that provide staking services with a good security system
and also a good reputation. Because when we decide to staking, the crypto assets we have will be locked for a certain period of time,  so it is
very important to choose a trusted platform, so as not to be deceived by scammers. Especially for people who are very busy and do not have time
to monitor price movements in the market, staking coins is a great choice to get passive income.

[Wahyuihib]

Staking is actually a good option for us, if we are doing it for coins that will have value in the future. because to claim the coins that we bet requires a fee. obviously we lose if we do it for worthless coins

[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

If there are good games with NFT, it will greatly increase the popularity of NFT. Although now the prices for NFT continue to grow and their popularity is growing along with the prices.

NFT in games are popular because during the games you can win NFT or earn money for collecting NFT. At any time, NFT can be exchanged for real money. It attracts a lot of users to NFT.

[alan228]

Good advice. My preference will always be with decentralised staking services. DeFi is full of many reliable staking platforms, for a wide variety of crypto assets. As with anything, people should always be cautious and engage in due diligence before staking.

The most important how useful is DeFi project. It is necessary to create demand in the token but to do this it is necessary to be useful to people. For example there is a big demand in safe storage of personal data like this https://blog.inery.io/index.php/2021/09/28/introduction-to-inerydb/

[fauzan Ichsan]

The previous pledged alpaca yield can reach 200%, which is extremely high, but it will cause a lot of selling.
The current cake pledge rate is still good and can be taken out at any time.

Staking is another method of holding your coin but in a passive way to add more value to it without trading or doing buying and selling. The cryptocurrency market has become easier for investors to earn from both sides when trading or investing through staking of coin and other means. Staking has it's own risk so investors need to be at alert or they might lose there funds.

There are so many options for making profits from cryptocurrencies, one of which is by staking coins. Your explanation is true that staking coins
can give us passive income, most importantly we can choose trusted platforms for staking coins. Because now there are many modes of fraud
happening in the crypto world, so be careful if you want to staking coins. Look for platforms that provide staking services with a good security system
and also a good reputation. Because when we decide to staking, the crypto assets we have will be locked for a certain period of time,  so it is
very important to choose a trusted platform, so as not to be deceived by scammers. Especially for people who are very busy and do not have time
to monitor price movements in the market, staking coins is a great choice to get passive income.

it will be very profitable to participate in staking, but besides what you described earlier, staking also contains risks, where when we lock coins for some time, fluctuations will continue to occur, so that when we get the results of staking, not necessarily the price will be higher, so choosing a potential coin in my opinion is also an important step

[fuguebtc]

Staking is a great idea, it is suitable for people who are holding some coins that they have no trading experience with and they want to increase that number of coins. But everything has two sides, staking is good for you to increase your coins but staking requires your coins to be locked for a long time. During the staking period, if you need to sell coins, you cannot sell them immediately, after un-stake it takes a certain time to get your coins back, sometimes it will cost you some opportunities.

[acapulco]

I do staking with my wallet, no masternode, just proof of stake and every day I sell my part of my staking coin and I cash 70 dollars.

I must also say that I started with a bet of 300 dollars a little less than 3 years ago

[wajik-tempe]

I do staking with my wallet, no masternode, just proof of stake and every day I sell my part of my staking coin and I cash 70 dollars.

I must also say that I started with a bet of 300 dollars a little less than 3 years ago

Could you tell what platform are you using ? it's really good if the staking platform already running for years means that staking platform is not a ponzi scheme.
Also with 300 USD capital, in 3 years could earn 70USD per day is too good to be true, can you share us with proof because it's seems not true to me.
If it's true, this is a very good staking platform.

[Cadaver20]

I do staking with my wallet, no masternode, just proof of stake and every day I sell my part of my staking coin and I cash 70 dollars.

I must also say that I started with a bet of 300 dollars a little less than 3 years ago

$70 staking reward per day! Is there such a platform at all? I can't believe it. If there is, then the user of this platform will increase a lot.  Can you share the name of this platform with us?

[acapulco]

I do staking with my wallet, no masternode, just proof of stake and every day I sell my part of my staking coin and I cash 70 dollars.

I must also say that I started with a bet of 300 dollars a little less than 3 years ago

Could you tell what platform are you using ? it's really good if the staking platform already running for years means that staking platform is not a ponzi scheme.
Also with 300 USD capital, in 3 years could earn 70USD per day is too good to be true, can you share us with proof because it's seems not true to me.
If it's true, this is a very good staking platform.

it is not a platform, it is just a wallet which must run on a laptop or a mini pc or raspberry under windows or linux at your convenience

And I sell less than 10% of my daily staking.

With an electric consumption to shame any minig rig. Ah Ah Ah

[AhmadM]

Good advice. My preference will always be with decentralised staking services. DeFi is full of many reliable staking platforms, for a wide variety of crypto assets. As with anything, people should always be cautious and engage in due diligence before staking.

After all every single staking platform has its own risks and advantages, as long as you are aware of the risks and understand what you are doing I guess its fine. At least in the end you wouldn't regret what you have decided earlier.

Btw, why centralized service has less variety of coins/tokens is highly likely they prioritizing the security and sustainability of those.

[agg2702]

There are so many options for making profits from cryptocurrencies, one of which is by staking coins. Your explanation is true that staking coins
can give us passive income, most importantly we can choose trusted platforms for staking coins. Because now there are many modes of fraud
happening in the crypto world, so be careful if you want to staking coins. Look for platforms that provide staking services with a good security system
and also a good reputation. Because when we decide to staking, the crypto assets we have will be locked for a certain period of time,  so it is
very important to choose a trusted platform, so as not to be deceived by scammers. Especially for people who are very busy and do not have time
to monitor price movements in the market, staking coins is a great choice to get passive income.

it will be very profitable to participate in staking, but besides what you described earlier, staking also contains risks, where when we lock coins for some time, fluctuations will continue to occur, so that when we get the results of staking, not necessarily the price will be higher, so choosing a potential coin in my opinion is also an important step

there is always a risk that we have to live when we are on this path and in staking yes the risk is as you said.
because indeed fluctuations always occur and no one knows the possibilities that will occur in the future and this is the same as gambling where the result is 2 possibilities, if you don't make a profit, it means a loss.
but apart from that, it is true that choosing coins that have the potential to also have an effect, although it does not make the risk disappear, but at least by researching and making coins that have the potential to be staked can at least reduce the risk and impact that will be received even though it is not significant.

[sunsilk]

I do staking with my wallet, no masternode, just proof of stake and every day I sell my part of my staking coin and I cash 70 dollars.

I must also say that I started with a bet of 300 dollars a little less than 3 years ago

$70 staking reward per day! Is there such a platform at all? I can't believe it. If there is, then the user of this platform will increase a lot.  Can you share the name of this platform with us?

There are.

But the reward is depending on how much you'll stake. Also the APY of where he's staking is also another big factor and why there are those high rewards for these people per day.

It's true if the APY is that high, it will be known to the people who likes to stake and will transfer their funds there to be staked and that will result to a lower APY that shall change from time to time.

[King Raymond]

If you are into staking only for the rewards then i will say it's not really cool. Most of these coins don't have reasonable APY, you can stake them for a very long time and still come out with little profit which won't compensate the time. But if you are staking as it's a fallback investment, then you are good to go.
Do well to check token APY and staking conditions before choosing which token to stake

[Kena Banned]

Locked staking models are not really good for me, especially when its on long period, since probably u can miss the opportunity to sell the coins when the price pumped.
I prefer short term locked staking models or even free staking models like Apeswap or Pancakeswap. Combine the staking activity with lp farming and compound it daily, its really good strategy.

[impulse709]

Staking is an idea or then it is still high risk. APY means the annual currency for your coins placed in the network. for example you deposit and APY is 190%. 1 month you will profit 19% and after 6 months you will profit 19% x 6 = 114% is the number you set, And I am still participating in some recent projects like : Near , Chng.v.v. that is also one of good projects that you can consider your profit amount every year.

[Aeris28]

I think anything is up to you, all of them are depending on you investment plans. If you want to have a passive income by doing nothing, I think staking is the best choices. But remember the coin you staked should have good fundamental and almost stablecoin, why? Of course to keep your asset value, If your coin are getting down yeah in total you'll got nothing.
If you want another business plan, like holding or trading maybe, I think you don't need to stake, it's better if you use your money to be a trading capital

[osasshem]

Staking of coins is a very good way of one taking hold of his coins for the long run, this long run depends on the holders description. Staking a coin gives you a room to receive more of the coins over the time at which you are holding and which is being told or known before the staking starts.
So far, I will say staking is one of the best ways made in crypto to earn passively with a coin, and this can be done with different coins and no one will ask why. Staking in crypto is to help the price of a coin maintain it's value and being rewarded for holding the coin over a certain period of time to help in the growth and development of that particular coin.
Staking is a very good way to earn in Crypto.