What do you think about staking?

[Oneandpure]

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.

Yes staking is a way to growing your crypto asset but it also has a big disadvantages compared to the benefit one can make when you stake a token or coin. I could  remember the loses I made when I staked one of the token I was holding. When the token was teased to me after being staked with interest, the token has already lost value which brought heavy loses.

Staking can indeed give us passive income, but not all coins are good for staking, then do research and analysis to be able to determine which coins
are right for staking. Then another thing that must be considered is choosing a place for staking, don't we choose a place that does not yet have
a good reputation. Because so many people become victims of fraud if they choose the wrong place. I'm not really interested in staking because
usually I get a small profit, because most staking offers low interest rates. I choose trading, besides being able to provide much bigger profits.
As long as we have an effective strategy and continuously improve our trading skills, then the profit generated is also greater. But the risk of
trading is much greater, but if we have studied trading properly, can reduce the risk that we will face.

Some time many coin have open staking price dump drastically and they are giving many offer for holder and keep stake con with reward above 200%, few days later after staking running price dump drastically and not profit earn but loss much in staking. You right need to make research before staking coin and choose which one potential coin for staking or not. I see with new project launching every day they are try how to get investor interested with their coin and giving reward by staking, they give much percent reward for staking coin but not guarantee after staking time coin keep have higher price.

[stepwilli]

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?

I have not seen the need for me to make use of this feature, but I still think that it is a really good thing to have. If you see the need to stake your cryptocurrency, then you can go ahead and do that. Staking is like another means for you to increase the earnings that you are making, although on a normal when you buy cryptocurrency and store in your wallet, you would be making profit (or loss) from the normal increase and decrease of the cryptocurrency that you have invested in.

So, staking is like a way to kind of increase what you are getting. But when you are staking, you have to make sure that you are staking only the right coins, because staking the wrong coin is going to be a total waste of your time.

[goku19]

Staking is good if those legit sites offered a safe haven for your funds and don't take for granted your money. For me I have no such confidence with staking, because I haven't tried to deal with this type of profit gaining platform.
Previously I've tried parking on some coins but suddenly it failed, and the project itself went out dead and out of circulations.

[xSkylarx]

This is similar to parking before; the problem with this is that if there are a large number of users, how do they pay them all at the same time. My knowledge of staking is limited, but I believe it has potential while still in its infancy. However, as time passes and more users stake their coins, it may have an adverse effect on your profits due to a decrease in the value of the coin and the uncertainty as to whether the owner will be able to keep up with payments to those stakers.

[Fatunad]

This is similar to parking before; the problem with this is that if there are a large number of users, how do they pay them all at the same time. My knowledge of staking is limited, but I believe it has potential while still in its infancy. However, as time passes and more users stake their coins, it may have an adverse effect on your profits due to a decrease in the value of the coin and the uncertainty as to whether the owner will be able to keep up with payments to those stakers.

Common or main factors that would affect interest rates or growth would really be depending on how many people do stake out their coins which it is really just common
sense that APY would be mainly affected.The thing i do like the most in some platforms is that you could stake/unstake instantly and anytime compared into  those
having lock time period which i dont really like the most since you could really able to pull out your investment anytime you do see some market changes
or something attached to it.

[blockman]

Staking is good if those legit sites offered a safe haven for your funds and don't take for granted your money. For me I have no such confidence with staking, because I haven't tried to deal with this type of profit gaining platform.
Previously I've tried parking on some coins but suddenly it failed, and the project itself went out dead and out of circulations.

Those platforms will guarantee that your funds are safe with them. Who doesn't offer that? They'll voice out that everyone is going to assure the safety of their money if they deposit or stake through them. But you get to know if they're lying or not. If they're giving you the private keys as you stake then it's really the truth that they're saying about the safety of funds. Yet if not, then that's the thing that they're not really taking care of what they're saying, they have the private keys but they're keeping it to themselves.

[Renampun]

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 has become the choice of many crypto players at this time imo...

For those who want long term investment or hold their tokens for a long time then staking is a good option. I also do staking in guarda wallet and celsius network. before staking keep DWOR!

[smartaction]

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.

Staking will help you to increase your token amount. But staking you will not help to reach your token value. In that case the token price starts to increase a bit at the beginning of the stacking but when you put your token in the stacking you will see after a while that the price of that token will start to decrease.  In that case, even if the amount of your token increases, you will be at a loss in terms of price.

[gamer4156]

Its smarter to stake on Liquidity Pool then, at that point, stake your LP on Dapps that will boost your yield. Holding your coin on CEX and stake it there won't give you a greatest conceivable benefit. Holding resources in your wallet is in a way still inactive acquiring, hodling is as yet a thought that individuals would in any case consider, particularly assuming the coin is something that develops pretty above and beyond time.

[iv4n]

...

Staking has become the choice of many crypto players at this time imo...

For those who want long term investment or hold their tokens for a long time then staking is a good option. I also do staking in guarda wallet and celsius network. before staking keep DWOR!

It's a good choice, and there are many staking opportunities around crypto! To start from exchanges, most of them have some sort of staking or farming, some wallets offer staking for some coins... to not mention all those staking coins and tokens around! I have some casino tokens on staking and I have passive income from that... staking is everywhere around, why money to sit in one place doing nothing when it can work for you?!

[DoublerHunter]

...

Staking has become the choice of many crypto players at this time imo...

For those who want long term investment or hold their tokens for a long time then staking is a good option. I also do staking in guarda wallet and celsius network. before staking keep DWOR!

It's a good choice, and there are many staking opportunities around crypto! To start from exchanges, most of them have some sort of staking or farming, some wallets offer staking for some coins... to not mention all those staking coins and tokens around! I have some casino tokens on staking and I have passive income from that... staking is everywhere around, why money to sit in one place doing nothing when it can work for you?!

^ I am always afraid to entrust to anyone my money when it comes to this staking, that is why I did not have an interest in it right now.
Staking is good if you know that the exchange could be trusted for the long term and did not run away your money. If staking is the only easiest way and probably more investors doing that right now but the fact they choose to invest BTC than this because they know that they are safe on it.
But those who have tried, I did not blame them that they always come to staking because they already earned on it.

[pinggoki]

I think that staking is a good way to make you some passive income, for me, staking is just hodling but has a much better reward than just hodling. It's not for everyone though as staking requires you to have it locked for certain period of time so if you have a low risk tolerance then there's a possibility that you might not like staking especially if the token you're staking is going down.

[rijaljun]

Staking for new coin where in you need to buy their coin to stake? No way, you would earn that especially the ones that offers extremely high APY you would just waste your investment and ended up broke to those if you want to stake, stake with the Bitcoin or Ethereum and earn Bitcoin and Ethereum, have a good APY, secured website and have the ability to withdraw your stake whenever you like.

[savetheFORUM]

I am always afraid to entrust to anyone my money when it comes to this staking, that is why I did not have an interest in it right now.
Staking is good if you know that the exchange could be trusted for the long term and did not run away your money. If staking is the only easiest way and probably more investors doing that right now but the fact they choose to invest BTC than this because they know that they are safe on it.
But those who have tried, I did not blame them that they always come to staking because they already earned on it.

there are staking platforms where you are in control of your keys so whatever happens to that platform your money is still safe with you. Why do not you try that? Usually these types of staking are not from exchanges but they are from wallets and crypto utility app.

The popular form of staking are still on exchanges like binance because of the wide variety of coins that you can choose from and different earning rates depending on your taste. Like you I am not a fan of it because no matter how trusted an exchange , it is still possible to get hi jacked and I think binance have been hacked before. Stakers should left something for themselves just in case something bad will happen.

[TheGreatPython]

Its smarter to stake on Liquidity Pool then, at that point, stake your LP on Dapps that will boost your yield. Holding your coin on CEX and stake it there won't give you a greatest conceivable benefit. Holding resources in your wallet is in a way still inactive acquiring, hodling is as yet a thought that individuals would in any case consider, particularly assuming the coin is something that develops pretty above and beyond time.

As much as staking might seem to be a good idea, I think it is also very important that we are very careful with the coins that we choose to stake. Staking the wrong coin wouldn’t be worth it, you’re just going to end up with so much and think that staking was a bad idea.

So, anyone who has plans to start staking should know the coins that they are choosing very well and be sure that it is a good coin that would retain it’s value as time goes on, because if the value is lost, then what’s the need of staking? Sometimes this is why I would prefer to just buy Bitcoin and HODL instead of having to face the problems of these Altcoins.

[pawanjain]

I think that staking is a good way to make you some passive income, for me, staking is just hodling but has a much better reward than just hodling. It's not for everyone though as staking requires you to have it locked for certain period of time so if you have a low risk tolerance then there's a possibility that you might not like staking especially if the token you're staking is going down.

Those two reasons are the reasons why many people are still hesitant towards staking their coins and I cannot agree more to it.
Locking up the coins is definitely one of the biggest disadvantages because we cannot benefit out of the sudden market movements.
Even I have staked some amount in SOL but it takes around 3 days or so unlock it from staking and then withdraw it.
3 days are good enough to lose enough profits from the sudden market movements. Staking is definitely not for everybody.

[Sweetbtc]

If you are a crypto capitalist, staking could be a thought you will hear concerning typically. Staking is that the method several cryptocurrencies verify their transactions, and it permits participants to earn rewards on their holdings.

But what's crypto staking? Staking cryptocurrencies could be a method that involves committing your crypto assets to support a blockchain network and ensure transactions.

It's offered with cryptocurrencies that use the proof-of-stake model to method payments. this can be a additional energy-efficient various to the initial proof-of-work model. Proof of labor needs mining devices that use computing power to resolve mathematical equations.

[Wawa2013]

I think that staking is a good way to make you some passive income, for me, staking is just hodling but has a much better reward than just hodling. It's not for everyone though as staking requires you to have it locked for certain period of time so if you have a low risk tolerance then there's a possibility that you might not like staking especially if the token you're staking is going down.

It is true that for those who are used to holding coins, staking is not much different from holding coins. Since the two are almost the same,
but usually the interest rates offered are not large when we are staking coins, that's what makes me not too interested in staking. Moreover,
there is a risk that the price of the coins we staking will fall, while we can not sell the coins within a certain time. Because several platforms
that provide staking services often lock the coins that we use for staking within a certain time. Although staking is a good option for making profit,
but staking does have risks and there are certain rules that we must follow. So I'm not very comfortable when staking, I prefer holding coins
in my personal wallet, it's simpler and sometimes the profit I get is bigger than staking.

[JohnBitCo]

Sometimes this is why I would prefer to just buy Bitcoin and HODL instead of having to face the problems of these Altcoins.

I've seen people with the same reason as you.

Many of them preferred to just buy and hold bitcoin or those altcoins that can be staked. They're feeling that there's no need for them to do that and earn with those percentages.

But if the concern is about the value, just choose those platforms that making you choose the flexible term for which you can withdraw at any time.

For staking, the concern is not only the value of the altcoins but also the trust factor of the platform where you are staking the coins.  There is always a risk that the centralized platform where we have stake the coins may not be reliable and they can run away with our funds. It's better to hold the coins in our private wallet rather than risking them on staking.

[Oneandpure]

Any one here interested for staking on Lookrare coin? I see have stable APR every day above 500% and today reach almost 700%, but have bad site with this coin as ERC20 network where you need purchase almost 50$ when staking and approved for withdrawing later. But I think if APR keep consistent above 500% most profitable with coin price keep stable above $4, last days lower price is $4 and now have reach above $5 and looks stable on every weeks. If you have saving fund you can try for staking with Lookrare coin and not worry have many exchange listed from Binance, Kucoin, Huobi and other small exchange with higher volume transaction.