What do you think about staking?

[dunfida]

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 would only good if there are only few of you did really put or park their coins but whenever it does have lots of people who had put in then APY is greatly affected.

Also you should think off that custodial platforms are the ones who had been holding your coins and since you dont possess its keys then its not actually yours totally.

It would be much better if you do hold your assets for yourself and gained much more compared into those staking percentage that you could gain out of those things
which i dont see for it to be worth of the risk.

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[Rengga Jati]

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.

Actually, I ma also doing staking in line with holding some of coins in the trusted and reputable platform of course. We need consider staking in trusted and reputable platform sin order to avoid any scams.
In this case, we can also consider about the rewards that we will get.

And about staking on NewsCrypto platform, this is actually new for me.
I tried to search the reviews:
Do you mean this Newscrypto?
https://coinmarketcap.com/currencies/newscrypto/
This platform has been existed from several years ago. And just think about how reward or APY that you will get.
But f you doubt, you can change to other platforms which are more popular and reputable.

[Oshosondy]

What do you think about staking and do you use this feature?

There is nothing much about staking than what you have mentioned in your opening post, that is what investors should know, if I have to put my opinion to this, it is better than just leaving your coin on your wallet because the coin will be affected by price rise or price fall, also in staking the coin price can be affected by price rose or price fall but there is still profit in the amount staked over certain time period in percentage.

[Mpamaegbu]

Staking in liquidity pools is also a kind of lottery, you never know what will happen to a defi protocol, whether it will be hacked or not, and there is nothing to do with small amounts. Have you seen commissions at all? All the rewards that you get for staking in small amounts will gobble up commissions, so this activity is extremely risky and not very effective ... of course not if you have a sufficiently impressive deposit and an impressive set of knowledge.

Generally, everything in crypto is high risk. Whether we want to accept it or not, it's risk being in crypto. Even when one buys into the surest crypto – Bitcoin, it's still a huge risk. Of course, there are going to be investors who will unwittingly buy into Bitcoin ATH this bull run. It won't be funny for those who will be caught in that web as no one will know how long it will take the market to resurrect once a bear season comes upon it. It took four years for those who bought Bitcoin at ATH in 2017 to recover.

Staking reminds me of the "Lending Coins" era of 2017. It's a pity it didn't work out well then and I hope it does now. I'm a late bloomer to staking, having suffered great loss in 2017 with lending coins. It's passive income, and if one has a high stake of (sometimes, of tokens that hardly move much in price), it's better than the stress of trading. One can do both (trading and staking) and benefit maximally.

[Mpamaegbu]

Why summarize and rake everything together? With such reasoning, in general, one can reach the point that in general everything in life is a risk. Even the risk of leaving the house, because you do not know for sure whether a brick will fall on your head or not. In this way, at high risk, I can tie up anything in general, not only in cryptocurrency, but also in real life. Therefore, let's talk in detail, and not raking everything in a heap.

Actually, in high school, one of my teachers came up with that explanation of how risky life itself is, and not just business. It was (still is) a plausible way of looking at things. It's the same way that we know that anything that has an advantage also has a disadvantage. If you think a disadvantage doesn't exist, look deeply and you will find one.

Staking is a much more risky business than just passive investing, it is a fact that has remained unchanged over the years and which no one can dispute.

Isn't staking, passive earning/investment? Though I get your point in your attempt to make a slight distinction, you should also understand that what makes for a "more risky business" to you may just be a mild risk for another.

Do you give an example of buying bitcoin in 2017 on ATH? There, the risk was only for speculators, not for investors.

Investors are also speculators. Anyone indulging in business is speculating where price/value could be heading. Crypto trading to the best of my perspicacity is a speculative business. Perhaps, your definition of it differs from mine.

But does this mean that buying bitcoin is a risk?

Every business is a risk.

[michellee]

Staking is a good way to increase the amount of the assets by holding for some periods. Before you stake, you need to know that the rewards need some time to increase and sometimes, when the price increase but you do not earn much amount so you still need to wait for more.

If you stake in Binance, you will have many options of the coins so you can try one by one and see how much the reward you will get. I use the staking feature on Binance and so far, the reward is good for me while I am waiting for the next bull run. So you can try too but you need to have patience before you can earn more rewards.

[LastKiss]

What do you think about staking and do you use this feature?

There is nothing much about staking than what you have mentioned in your opening post, that is what investors should know, if I have to put my opinion to this, it is better than just leaving your coin on your wallet because the coin will be affected by price rise or price fall, also in staking the coin price can be affected by price rose or price fall but there is still profit in the amount staked over certain time period in percentage.

Well its not that bad to stake your crypto assets while you leaving your funds alone since it will grow little by little as long as you monitor the place where you staked. But there's still a risk if you use the stake option since investment means risk and your funds can gone in any minutes.

[lumierre]

I consider staking to be a good way to make money. It is better to stake your coins and get even small APYs (but bigger than in bank in any case) than just to hold. The main thing is to make sure that the platform you have chosen is reliable. So as to get to know about this check total value locked, if it was audited and try to look on the Internet if it has been ever hacked.

[geegaw]

What do you think about staking and do you use this feature?

There is nothing much about staking than what you have mentioned in your opening post, that is what investors should know, if I have to put my opinion to this, it is better than just leaving your coin on your wallet because the coin will be affected by price rise or price fall, also in staking the coin price can be affected by price rose or price fall but there is still profit in the amount staked over certain time period in percentage.

Well its not that bad to stake your crypto assets while you leaving your funds alone since it will grow little by little as long as you monitor the place where you staked. But there's still a risk if you use the stake option since investment means risk and your funds can gone in any minutes.

Not bad for the case where the profit is calculated by month and by year is large but almost this level of profit only comes to young coins, too young startup projects are really too much of a risk, with old projects having only a slightly higher profit index than banks, with two dimensions analyzed like that, there is only a relative number of people involved in staking. Staking will lock the assets and lose our initiative, until unlocking again, too many advantages may disappear while if we keep the initiative with the asset, sometimes the profit is many times higher than staking

[dothebeats]

Sans the obvious promotion embedded within this post, staking IMO is good only for those who have lots of idle coins to spare. At an economical and practicality standpoint, it is, by far, the most generous algorithm for minting new coins IMO. You just have to buy coins, leave it as it is, and it will earn more over time just by doing that. Though at a technical and security standpoint, staking is quite tricky since you only need one entity to buy lots and lots of coins for themselves in order to control the whole market. It has its ups and downs, but if you just want to earn something without really caring about the security of the coin that you're staking, then perhaps it's the trading strategy for you.

[AicecreaME]

I don't like it, just my opinion.

I mean if you don't know anything except from staking then go for it, however, it doesn't make sense if you'll only stake a very small amount of token in it, just a waste of time. Stock trading is more profitable if you want to make money with your sleeping cryptocurrency in your wallet. It's more profitable in my opinion and more fun rather than staking.

[Cling18]

Staking is a good way to earn money. Instead of putting your assets to sleep, it would be better to put it into staking so you'll have a passive income but things will still depend on your coin of choice. It would still be an advantage if you would pick a profitable one with a good foundation. It might take a lot of time but profit is still a profit.

[topbitcoin]

Staking is good, i did some but maybe for airdrop purpose only. But if people want to staking for a profit, just make sure they pick right platform and don't ever try platform which we don't really know. Because it is better to be safe than lose our assets when we pick wrong platform and wrong coin to stake. Correct me if i am wrong, Binance have feature for people to stake their coins too in there.

[jaberwock]

Staking is good, i did some but maybe for airdrop purpose only. But if people want to staking for a profit, just make sure they pick right platform and don't ever try platform which we don't really know. Because it is better to be safe than lose our assets when we pick wrong platform and wrong coin to stake. Correct me if i am wrong, Binance have feature for people to stake their coins too in there.

Sure, it is good to pick exchanges that are well known for staking. This is not a rule that we should only apply when it comes to staking, it is something that we should do all the time as long as you want to trade cryptocurrency. If you want to be on the safer side when you are dealing with cryptocurrencies in the market, then you will have to select exchanges that are very popular in the market.

Anyone who is selecting an exchange that is not well known runs a risk of losing their money in the hands of scammers, because the exchange might happen to be a scam exchange. The next thing to do is to look at all the exchanges that you have selected and compare each of them to know which would be best for staking your tokens or coins on these exchanges. Then after you have selected the right exchange for you to do that, you can then go ahead to start staking your coin.

[Kelvinid]

Staking is a good way to earn money. Instead of putting your assets to sleep, it would be better to put it into staking so you'll have a passive income but things will still depend on your coin of choice. It would still be an advantage if you would pick a profitable one with a good foundation. It might take a lot of time but profit is still a profit.

But be sure to have the right choice of exchanges and coins to stake otherwise, you make nothing in the end or the worse is have to lose them.
I'd really had tried it through Binance with 3% APY or even more, that is something big enough than have to do nothing. The more capital we have the bigger we get but sounds risky, right? And that is why we should be careful instead as it wasn't in our total control. Just stake the amount that we could afford to lose, that is still important.

[Lanatsa]

Staking is a good way to earn money. Instead of putting your assets to sleep, it would be better to put it into staking so you'll have a passive income but things will still depend on your coin of choice. It would still be an advantage if you would pick a profitable one with a good foundation. It might take a lot of time but profit is still a profit.

We know that crypto is volatile and we don't really need any service out there offered by some platforms on giving us out that APY which we could eventually earn it up with just holding in our own wallets.

Doesn't really need for us to make use of it but if you don't like to deal up with volatility and does like to assure that APY then its your choice but be sure
on trying to balance out the risk and the reward that it gives.

Is it really that worth? I don't think so.

[crzy]

Staking is good passive income but you can only feel this one if you have huge capital since I tried staking before and seriously, I didn’t get that much so I stop doing this. Anyway, if you are staking with a great project then they might give you more bonus than the usual, just stake the money you can afford not to use in the next couple of months or days.

[FanEagle]

There is nothing much about staking than what you have mentioned in your opening post, that is what investors should know, if I have to put my opinion to this, it is better than just leaving your coin on your wallet because the coin will be affected by price rise or price fall, also in staking the coin price can be affected by price rose or price fall but there is still profit in the amount staked over certain time period in percentage.

Well its not that bad to stake your crypto assets while you leaving your funds alone since it will grow little by little as long as you monitor the place where you staked. But there's still a risk if you use the stake option since investment means risk and your funds can gone in any minutes.

That's what I suggest about staking as well but some people worry about the price drop because of it. Like for example if I am going to own crypto and just hold it, why not get uniswap token and stake it?

I mean after all I am just going to hold as long as possible right? Might as well make some profit from holding as well. However, some people worry that if there is a staking option then it means it could get devalued because it may create some inflation.

What those people do not realize is that even bitcoin has inflation due to miners creating wealth every day, what is it right now after halving, 900 bitcoins a day? That's 50+ million dollars worth of bitcoin mined every single day. Do we see it crash every day? Of course not, sometimes it crashes, sometimes it goes up, which means that if that could be covered, then why wouldn't that happen with staking tokens?

[macson]

Staking is a good program, for those of you who want long-term investment then it is a good choice but doesn't choose the wrong platform because your profit will not be maximized.  i am currently staking btc on celsius and waves.exchange.  always dwyor.

[sarmrakib]

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?

Its really true that staking is a great way of earning .As you are so new on that before staking you have to find out the best and secured platform either you can loose your fund .The platform will give you a particular amount of return as APR base like Bank but here you can get the highest APR which is better than Bank .I like to do trade not to hold it and get interest for less return .You can really earn from staking but it is better to trade that's how you can get a good return within short term .You can choose your own before invest i just have given you a suggestion that's not an investment advise .