What do you think about staking?

[mich]

It's a good option to make some easy money just by lending your coins but I am not a favor of having so much of my coins tied up knowing I can't take them out without some form of penalties.
But for the ones enjoying staking options with a lot of money, it is worth it to them for an easy 4 or 5 percent return for basically doing nothing.

[tygeade]

It's a good option to make some easy money just by lending your coins but I am not a favor of having so much of my coins tied up knowing I can't take them out without some form of penalties.
But for the ones enjoying staking options with a lot of money, it is worth it to them for an easy 4 or 5 percent return for basically doing nothing.

I feel like staking is only good in 2 scenarios

1st: When you have massive capital and you can stake and sell out at the right time because the price of most coins that work on POS and don't have a sustainable model will fall.

2nd: When a coin is new and you have that ability to spot a good coin in the market and get in quickly. Because once everyone gets to know about the coin the APY will drop and staking will no longer be a feasible option for you.

I don't like the overall concept of staking because it makes the rich the richer and the poor get poorer. But then it has it's own advantages too.

[Quidat]

It's a good option to make some easy money just by lending your coins but I am not a favor of having so much of my coins tied up knowing I can't take them out without some form of penalties.
But for the ones enjoying staking options with a lot of money, it is worth it to them for an easy 4 or 5 percent return for basically doing nothing.

I feel like staking is only good in 2 scenarios

1st: When you have massive capital and you can stake and sell out at the right time because the price of most coins that work on POS and don't have a sustainable model will fall.

2nd: When a coin is new and you have that ability to spot a good coin in the market and get in quickly. Because once everyone gets to know about the coin the APY will drop and staking will no longer be a feasible option for you.

I don't like the overall concept of staking because it makes the rich the richer and the poor get poorer. But then it has it's own advantages too.

The massive capital you have the more risks you do put in and also not all would really be having capability or capacity in doing so and if they do then not all are risks takers.We could really say

that staking does only have small in terms of APY depending if you are just few then its significant on day to day basis kind of interest but if you are lots or many then
it would be significantly been affected which it do comes into a point on where it isnt really that worth for the risk you had put on.

[HUSTLER]

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.

[Sweetbtc]

My dear friend staking is one the most increase your portfolio because it have rules and regulations because in staking they told you in advance that you will be able to get limits percentage so once finished the staking if pirce dropped that you will in little loss not as so much.

[Benefactor]

Its smarter to stake on Liquidity Pool then, at that point, stake your LP on Dapps that will augment your yield. Holding your coin on CEX and stake it there won't give you a greatest conceivable benefit. Marking is an approach to forestalling extortion and blunders in this interaction. I realize that stage however don't visit it more often than not.

[LastKiss]

Its smarter to stake on Liquidity Pool then, at that point, stake your LP on Dapps that will augment your yield. Holding your coin on CEX and stake it there won't give you a greatest conceivable benefit. Marking is an approach to forestalling extortion and blunders in this interaction. I realize that stage however don't visit it more often than not.

The difference I know that mostly CEX wants us to do KYC and DEX doesn't need that thing, however, when you want to use CEX there are only limited tokens that can be staked mostly only the popular ones and when you use DEX you can get more APY and more kind of tokens. We should do some research first if we want to stake for a long time 

[acener]

For me it is a good way to increase your crypto holdings but most of the time when I do it I ended up losing money,
The value of crypto that I used to stake always drop down, I really like the idea but I am having a hard time holding those kind of crypto.
I would gain more crypto but with less value that I have invested.
I guess it is my own mistake I always get greedy whenever I have the chance and I don't want to stop or believe that those project would recover again from their price drop.

[Tumanggor]

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?

To this day, one of the things I love about crypto is the concept of staking

I have crypto assets that I stake on the defi platform and it gives me passive income even though it's not much, but I'm satisfied with the results I get

[palle11]

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?

There is no lose in staking your coins yes because instead of leaving it in the wallet, sending it to the exchange for use and remit some percentage to you is the best decision. Staking has many benefits and they are:

1. Make your money work for you: Staking is a good example of that. You get return based on the staking plans.

2. No stress: All you need is to stake and leave there for it to run to the last day to receive your percentage and capital back.

3. Some people prefer it above trading : Trading is difficult and some run under staking. If you have a high quality plan on a stake, you can generate some good profit at the end of the plan.

[StarKay]

My first time staking on CEX and I went for the 90 days lockup period and I don't think I'll be repeating it because I can't get out now that the general condition of Crypto market is bearish.
If I have sold and bought back I would get far more than whatever rewards I'll be getting from staking. The lesson here is that one should consider the market condition before making any long term decision. Staking is not always better than hodling unless you're doing the flexible option and the reward is usually low.

[perfect999]

For me it is a good way to increase your crypto holdings but most of the time when I do it I ended up losing money,
The value of crypto that I used to stake always drop down, I really like the idea but I am having a hard time holding those kind of crypto.
I would gain more crypto but with less value that I have invested.
I guess it is my own mistake I always get greedy whenever I have the chance and I don't want to stop or believe that those project would recover again from their price drop.

That’s the problem you’re going to have with staking cryptocurrency. When you are staking, although you would be making a particular profit per annum, which might be 6% or above that, but at the end if the year if the true value of the coin you are staking drops, then you would be at loss.

Imagine when they staking reward is around 6%, but the value of the coin you are staking dropped over 20%, then you are at loss. But if you can find a really good coin that would more likely to keep increasing in value, then you would be making a good amount of profit, because it will then be the true value of the coin plus the staking reward, which would add up to be a really good amount of profit.

[Oneandpure]

Its smarter to stake on Liquidity Pool then, at that point, stake your LP on Dapps that will augment your yield.

That will give you impermanent loss and if you're good with that, many are not willing to take that risk.

Holding your coin on CEX and stake it there won't give you a greatest conceivable benefit. Marking is an approach to forestalling extortion and blunders in this interaction. I realize that stage however don't visit it more often than not.

And the thing about it is the risk that they're passing on which is giving their coins to the exchange and they don't receive the private keys as exchanges don't do that. But if your main concern is about the profit and percentage they give, you just have to look out for another platform that gives a better percentage and that's all on you and you have to use your time researching and comparing the differences between one to another platform.

I am not really trusted with CEX exchange because many coin liquidity removed by developer suddenly and they run away with reason upgrade to new coin. Better I use Binance or Kucoin for staking coin and looks safety for holding as staking if price dump. I want try to stake Zilliqia coin but looks not bigger APY reward giving because only 25% with small allocation, and we need spent on other level with APY 15% and allocation coin for staking under 4,000. Maybe do you have other recommended coin for staking with reward above 50% and con stable price.

[CDC AP]

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.

[andriarto]

at a time like this if we do staking then there is no point if we sell it even though our coins increase. but if it is for investment purposes in the future, I don't think it will be a problem. with staking of course, if it has not matured then we cannot convert our coins to stable coins, by knowing the strengths and weaknesses, then we can make decisions, do you think it is suitable for us or not

[Oneandpure]

Holding your coin on CEX and stake it there won't give you a greatest conceivable benefit. Marking is an approach to forestalling extortion and blunders in this interaction. I realize that stage however don't visit it more often than not.

And the thing about it is the risk that they're passing on which is giving their coins to the exchange and they don't receive the private keys as exchanges don't do that. But if your main concern is about the profit and percentage they give, you just have to look out for another platform that gives a better percentage and that's all on you and you have to use your time researching and comparing the differences between one to another platform.

I am not really trusted with CEX exchange because many coin liquidity removed by developer suddenly and they run away with reason upgrade to new coin. Better I use Binance or Kucoin for staking coin and looks safety for holding as staking if price dump. I want try to stake Zilliqia coin but looks not bigger APY reward giving because only 25% with small allocation, and we need spent on other level with APY 15% and allocation coin for staking under 4,000. Maybe do you have other recommended coin for staking with reward above 50% and con stable price.

It depends on the exchange but the good ones are not like that. Before they delist a token, they're making sure that everyone is aware of it and they give a notice of how long everyone should withdraw it. Policies from exchanges about staking are changing if it's about listing and usually if it's about staking, if they don't see it not worth it any more of holding it, they won't support it anymore. If you want to stake a certain coin, check out first about the wallet that supports it for you to have a better security as you hold and stake it.

Maybe some exchange not consistent with giving APY reward for staking coin, they change rule suddenly after staking. Some time first rule give higher reward but few days after entry with staking APY dump almost 10%. I think need an exchange as stable giving APY reward and keep going with first rule giving by exchange market. I want stake my several coin depend price still dump and not anything have to do right now because selling or cut loss will be 70% loss assets. Just take solution with staking coin and hope after staking finish one or two months price can up.

[Anguwa]

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?

Seriously it's a very good advice to stake you tokens must especially the way cryptocurrency market looks scary this days, if at all you are holding token by now if you are not patient enough, you would have panic and sold at lost, but while staking, irrespective of the price, you will be having some percentage of the coin to be added in your portfolio.

[Desmong]

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.

[milewilda]

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.

Disadvantages of Staking?

https://trustwallet.com/blog/top-7-risks-of-staking-crypto
https://www.the-sun.com/money/3007542/staking-cryptocurrencies-what-is-risks/

Market Risk
Liquidity Risk
Lockup Periods
Rewards Duration
Validator Risk
Validator Costs
Loss or Theft

[Shasha80]

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.