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Author Topic: What do you think about staking?  (Read 1524 times)
Nitroas (OP)
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November 11, 2021, 11:10:38 AM
 #1

Hi everybody

I wanted to talk about staking. In my opinion, this is a good way to increase assets that would otherwise just lie in the wallet. I recently tried staking on the NewsCrypto platform, the market situation is not entirely certain now, so I am trying to extract maximum profit from my assets.

Speaking of nws, I liked the fact that there are many different plans to choose from, I decided to try staking for 3 months to test the platform. But I think I was not mistaken about the decision. nws has a lot of positive news, and I think the price will only rise. What do you think about staking and do you use this feature?
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November 11, 2021, 11:21:42 AM
 #2

I know that platform but don't visit it most of the time. Staking is good if you're too passive and see the profit from it as reasonable. But if I'll be staking, I won't be staking there.
There are better ways and platforms to stake any altcoin that I want to but this isn't my focus. So if you are focusing with staking coins and you're satisfied with the return you'll be getting there, it's a slow type of investment but as I've said, I won't be staking to that platform and any platform that I don't hold the keys of my staking coins.

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November 11, 2021, 11:33:03 AM
 #3

Hi everybody

I wanted to talk about staking. In my opinion, this is a good way to increase assets that would otherwise just lie in the wallet. I recently tried staking on the NewsCrypto platform, the market situation is not entirely certain now, so I am trying to extract maximum profit from my assets.

Speaking of nws, I liked the fact that there are many different plans to choose from, I decided to try staking for 3 months to test the platform. But I think I was not mistaken about the decision. nws has a lot of positive news, and I think the price will only rise. What do you think about staking and do you use this feature?

Most of DeFi app that offers staking don't have any locked in period except CEX like Binance, Kucoin and Huobi. Staking there will give you minimal APY compared when you stake directly to a DeFi app that offer staking like Beefy, Moonpot and Apeswap. I don't know what particular coin you are holding but if its stablecoin. Its better to stake on Liquidity Pool then stake your LP on Dapps that will maximize your yield. Holding your coin on CEX and stake it there will not give you a maximum possible profit.

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November 11, 2021, 11:42:04 AM
 #4

Yes, Indeed. This is a good way to increase assets. I didn't use this kind of platform but, as far as I know Staking cryptocurrency is a way to grow your crypto holdings without buying more. You’ve probably heard of people making money by trading cryptocurrencies. But there’s a different way to grow your crypto holdings without having to buy more. Staking is a way of preventing fraud and errors in this process. I know that platform but don't visit it most of the time.
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November 11, 2021, 11:57:55 AM
 #5

Hi everybody

I wanted to talk about staking. In my opinion, this is a good way to increase assets that would otherwise just lie in the wallet. I recently tried staking on the NewsCrypto platform, the market situation is not entirely certain now, so I am trying to extract maximum profit from my assets.

Speaking of nws, I liked the fact that there are many different plans to choose from, I decided to try staking for 3 months to test the platform. But I think I was not mistaken about the decision. nws has a lot of positive news, and I think the price will only rise. What do you think about staking and do you use this feature?

If you are uncertain about the situation like now maybe staking will be your best alternative option to keep you earn some $$

Personally, I have some crypto assets staked in some websites since it's giving me passive income in my busy day I used it till now. A lot websites have staking feature since it will attract new investor or bunch of people who love to earn money while doing nothing. 


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November 11, 2021, 12:25:39 PM
 #6

Staking is a way to passively earn so I guess it's okay, though do consider the prospects of the project so that what you're staking actually has worth and would end up in profit after a period of time. It wouldn't be the best option for passive earning if you were losing money over time instead of earning in the long term after all. Holding assets in your wallet is in a way still passive earning, hodling is still an idea that people would still consider, especially if the coin is something that grows pretty well over time.

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November 11, 2021, 12:30:56 PM
 #7

I also heard about positive Reviews of NewsCrypto but honestly i didn’t use that platform. Even i prefer trading Over staking. Staking is good cause there is no risk to lose money as happened on trading. Just put your fund on staking and let it increase even during sleeping, just make profit without doing anything! but it important which altcoin you chose for staking.well i prefer exchanges than other platform

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November 11, 2021, 01:23:03 PM
 #8

Staking is good with genuine platforms because with it you don't do any other stress or you don't need frequent monitor until you just need to check.  But it is slow to profit compared with trading. I'm not really staking but I can stake spare money though I'm not use to it so I haven't done much on researching on it.
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November 11, 2021, 01:56:47 PM
 #9

Staking is good with genuine platforms because with it you don't do any other stress or you don't need frequent monitor until you just need to check.  But it is slow to profit compared with trading. I'm not really staking but I can stake spare money though I'm not use to it so I haven't done much on researching on it.

I just gave upstaking in Binance. I took it off within 30 days. Actually, I'm a little disappointed that my market analysis is a little wrong. I hope my staking ends in the ATH period for the token I staked. Although I understand that my stake is still profitable even though it is not as big as the money earned when ATH is missed. Stake , I think one effective step to reduce the number of tokens in circulation, so it slightly lowers the sell-off. Stake binance also seems to be binding meaning that if your staking is revoked before the period is completed it looks like your reward will be lost.

R


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November 11, 2021, 04:59:19 PM
 #10

I also heard about positive Reviews of NewsCrypto but honestly i didn’t use that platform. Even i prefer trading Over staking. Staking is good cause there is no risk to lose money as happened on trading. Just put your fund on staking and let it increase even during sleeping, just make profit without doing anything! but it important which altcoin you chose for staking.well i prefer exchanges than other platform
without no risk? risk involved also there it depend on ur platform and what's coin u go for invest. and staking can make u losers if you stake in eth blockchain. fees will bigger to ur staking profit. not compare trading with staking, cause u don’t need to effort in staking as the trading.   
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November 11, 2021, 05:03:43 PM
 #11

Staking is a great way to earn passive income. I am eagerly waiting for ETH to move to POS algorithm so that I can stake those and earn a return. Otherwise whatever ETHs I have earned from various ICOs back in 2017-18 period are just sitting idle.

I am not sure about the platform you have mentioned so wouldn't talk about that. But if you are a crypto investor with long term mindset, staking is the best way to move ahead so that you accumulate and earn a fixed passive income out of it. Definitely better than POS because you won't need any specialized hardware and expensive electricity bills.

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November 11, 2021, 06:24:31 PM
 #12

Hi everybody

I wanted to talk about staking. In my opinion, this is a good way to increase assets that would otherwise just lie in the wallet. I recently tried staking on the NewsCrypto platform, the market situation is not entirely certain now, so I am trying to extract maximum profit from my assets.

Speaking of nws, I liked the fact that there are many different plans to choose from, I decided to try staking for 3 months to test the platform. But I think I was not mistaken about the decision. nws has a lot of positive news, and I think the price will only rise. What do you think about staking and do you use this feature?
Yes, I am staking my BNB coin on Binance, I am a person who likes HODL coin in the long term by waiting for passive income every month and I usually staking for 2 months or 3 months depending on the available slots. Staking is the best way for those of us who want to get out of the market but deposit our coins on the platform to get income in the future. by the way what coin are you invest in staking system?

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November 11, 2021, 06:26:20 PM
 #13

Staking is best choice for profit because we got a fix profit from staking And also after holding coin we got great return but if you know trading never do this this is best for newbies

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November 11, 2021, 06:45:12 PM
 #14

What do you think about staking and do you use this feature?
Staking is good, as long the platform and coin is good too. I think in crypto everything that we do to earn is a good thing as long we analyze first what coin that we want to stake and in what platform. Because in past when staking still in a trend, there are a lot of coins that allow people to stake, but because supply and demands in market is unbalanced, price really fast to dumped.

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November 11, 2021, 06:56:13 PM
 #15

Hi everybody

I wanted to talk about staking. In my opinion, this is a good way to increase assets that would otherwise just lie in the wallet. I recently tried staking on the NewsCrypto platform, the market situation is not entirely certain now, so I am trying to extract maximum profit from my assets.

Speaking of nws, I liked the fact that there are many different plans to choose from, I decided to try staking for 3 months to test the platform. But I think I was not mistaken about the decision. nws has a lot of positive news, and I think the price will only rise. What do you think about staking and do you use this feature?
Staking is profitable only if you are able to buy at the right price, because staking involves keeping your funds locked for a long time which increases the risk of price volatility, so If a person has staked his coins during the bear run, he will be pretty good to go as when the price would increase he would ultimately gain a lot both in terms of price and APY too which will now be more due to increase in price of tokens. So staking at the right price is the key to earn money.
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November 11, 2021, 08:39:18 PM
 #16

Facing market conditions that are in a good growth period, Staking can also be used as an alternative to using the coins you have to generate futures income. If you don't have time to do day-to-day trading, maybe staking is a good option. So when you are not always in the market you have an additional coin balance that you have.

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November 11, 2021, 09:09:10 PM
 #17

Speaking of nws, I liked the fact that there are many different plans to choose from, I decided to try staking for 3 months to test the platform. But I think I was not mistaken about the decision. nws has a lot of positive news, and I think the price will only rise. What do you think about staking and do you use this feature?

Indeed, it's best to do staking while anyone's trying to hodl. If anyone tries to do staking on centralized platform, than most of those will have fixed lockup periods. But there isn't any lockup period for staking into DEX/AMM or decentralized platform. So dyor before choosing any type of these platforms. BTW, staking on decentralized platform is best to me. Like i did the farming of cake, bake ,banana on their own platforms.  Wink

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November 11, 2021, 09:22:24 PM
 #18

Speaking of nws, I liked the fact that there are many different plans to choose from, I decided to try staking for 3 months to test the platform. But I think I was not mistaken about the decision. nws has a lot of positive news, and I think the price will only rise. What do you think about staking and do you use this feature?

Indeed, it's best to do staking while anyone's trying to hodl. If anyone tries to do staking on centralized platform, than most of those will have fixed lockup periods. But there isn't any lockup period for staking into DEX/AMM or decentralized platform. So dyor before choosing any type of these platforms. BTW, staking on decentralized platform is best to me. Like i did the farming of cake, bake ,banana on their own platforms.  Wink
Well that is good advice, staking on a centralized exchange is very risky, we should need to choose a good exchange and kit should be a decentralized exchange. But sometimes I am thinking that I rather hold my coins than staking if I did not trust the platform because nowadays it is really hard to trust someone else, it is better if you own your keys and for sure you own your coins. I have not staked on decentralized exchange perhaps they are worth it enough.









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November 11, 2021, 09:37:38 PM
 #19

Staking is good especially if it is on your wallet, there are some staking features already too in some exchanges these days, but I do not feel safe to stake on centralized exchanges, since you are not fully holding your coins there, it's on the exchange.

Staking is one of the best feature for a passive earning, like instead of just holding it, if you stake it, you still can earn some yield.

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November 11, 2021, 11:26:27 PM
 #20

Staking is good for some altcoins but I don't know what is that platform you are talking. Anyway, if you want to have a passive income since you are tired of your altcoins to be sitting on your wallet but the price keeps changing and you can't consider to sell it or hodl. Plus, the altcoin you just mentioned isn't kind of popular so I don't know if it's legit to be staking or even trade.

To someone, if you have a plan to stake any crypto in the future, you should do your own research first before handling your funds to someone.

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