Is Staking Coins a Good Idea?

[cafee_orange]

It's a good idea to stake your coins, lots of people are staking as it is a trend now to stake the coins in their software wallets and then be able to sell them directly to the market, but the thing to note is that the Coins have better potential for the future .

yes, For staking people need to choose some potential coin that has a good future. Suppose you want to hold Cardano for 2 years, Than i suggest you to do stake with your Cardano. You will get a passive income from it and when the coin price reaches your target price you can unstake and sell your coins. both of your target will be filled up in this way.

Doing shitcoin stake for high APY is not a good choice, because anytime the coins price can drop a lot and you will lose your initial capital. So always I suggest people to do stake with some best project. Now I am doing stake with NWC coin. It's very undervalued to me and I believe it will be $10 within a very short time.

yes, thank you in advance for your advice and direction, this is very useful for me and others in risking their assets. but I'm interested in risking coins that have better potential for the future, cardano, ethereum and Bnb. I think all three can give anyone an advantage

[budi12]

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, because if you hold the coins you have for the long term, then it is the right choice for you to staking, because you can get passive income from staking and in my opinion staking is also safe, the longer you choose the term the time for staking, the APY you get will also be higher, because the APY depends on the time period you choose to bet on.

[JTripathy]

The simple meaning of staking is to earn money without doing any work. This is a good option to earn for those who hold coins for a long time so that then can get a income from it. Staking reward is based on the APY, it stands for "Annual Percentage Yield" means the percentage of money you will earn per year. According to this, your reward will be calculated and the APY fluctuates and it's depend on the staking platform. There is a risky side of getting scam from staking platform. So better to do some research where you are going to stake your assets. It's a very good idea to earn.

[gwdf1]

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.

Actually, it is really possible to find big APYs,but usually, big APYs mean big risks, so it is possible to stake risky altcoins with big interests, and with stablecoins you will get less than 5%. Anyway, it is more that bank deposit, so if you want to have passive income you can try this. Personally I do staking on Tron chain, as I store my stable coins there and so as not to waste time, I stake them.

[agg2702]

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.

May be true with what you are talking about, but please note that which can be profitable and it is guaranteed if someone puts his coin ( STAKING ) on a reputable exchange !!, Binance, Kraken or Coinbase I think it is an exchange that most people believe with the exchange.

as for this is how we see opportunities and see projects from another perspective.
because the thing when we do staking is not only all tokens we make staking.
we have to look at other aspects such as what the project is like, what the roadmap is like and the team behind it.
this is very important, apart from making us believe in the project being carried out, at least this can help make profits even though it is indeed volatile but when it is on the right track it never hurts to try.

[Vaskiy]

For users staking gives dividend and regular bonuses. This way it looks like more profiting. As a cryptocurrency user we need to be careful on staking, because these days every project comes up with the staking access. From the project team side, staking keeps the market progressive. In specific it is really good for tokens that doesn't have good trading volume. Through the staking process the circulation is pumped which makes some positive impact upon the project.

[Kena Banned]

as I store my stable coins there and so as not to waste time, I stake them.

Great, dont let our coin stay on the wallet, stake them we always possible to accumulate more without buying it. May i know what coins did u stake? Im never use Tron Network until now, i dont think theres a great project deployed.

[blockman]

Great, dont let our coin stay on the wallet, stake them we always possible to accumulate more without buying it. May i know what coins did u stake? Im never use Tron Network until now, i dont think theres a great project deployed.

I'll choose to keep my coins that can be staked to my wallet rather than staking it. I just feel that it's a better thing for me to have it like that and the APY isn't that much that I can rely on. I'd rely more on the market value while holding those cryptos and potential pumps that might happen to them. Although it's a fact that you can be rewarded as you stake if you want to accumulate freely but upon computing that, it isn't that much.