How good is staking coins?

[LUCKMCFLY]

I think staking is the best option to increase the number of altcoins we have when the price of those altcoins goes down. a few days ago I got a new altcoin on the solana network from an airdrop, and I chose staking because the price of this altcoin is currently going down and I believe the altcoin has very good prospects in the future. if you only hold without staking of course the number of altcoins you have will not increase and when the price continues to fall the loss you get is bigger.

I want to ask you a question, if you are in the Airdrops of that network, how profitable are they? I understand that for 2017 the Airdrops were the maximum, it was like saying now the NFT or the NFT games, of course there is always a risk that nothing will be won, but since the solana network is giving a lot to talk about, in fact the metaverses are They are going to go to Solana, Polygon and other networks is what they are looking for, in fact beta tests by other networks are widely used at the moment to guarantee quality in projects, I think that for that reason Solana could be offering great benefits In fact staking should be a highly competitive option.

[Wildwest]

For now there are indeed very many investors who risk staking on some coins so that they can get profits in every month, but every profit we get must be different because it is difficult to say that every month we can make a stable profit, because of the influence of the time we bet, and the profits we get it depends on the capital we spend.

[Ever-young]

Well it all depends on the coin which you have and is staking at the moment, I am currently staking Propel token, which is giving me as much as 85% on monthly basis, this staking is done in its platform and crypto wallet as well . though the token is pretty cheap currently but its worth it.

[chakhigh]

It really depends on many factors.

The legitimacy of the project you want to join, your capital, and the number of people in the particular staking program. I advise doing your own research before staking your digital assets. Another option is if you are familiar with the hedge funding concept, then Ferox is going to be launched this January, so you can consider it too.

Actually, I'm trying my luck with Titano (huge automatic staking feature.)

Results are not typical, so the decision and choice are yours.

[gamer4156]

Individuals who contribute tens or countless dollars bring in a ton of cash. Be that as it may, to contribute under 1,000 dollars then, at that point, sadly however I'm apprehensive you will not be content with the outcomes. Such countless individuals are additionally looking at marking reward however excavators want to make their pay from mine crypto to create one more easy revenue for them to pay the upkeep and power.

[Benefactor]

I would think they prefer not to change over their coins into a Stable coin on the grounds that more often than not they couldn't care less with regards to it. like the one I realize he just put the coins in the wallet and allow them to stay inactive for a significant stretch. Since Pancakeswap administration will exist for the drawn out Moreover, the group additionally refreshes oftentimes. Projects like this you should settle on one part of your marking decision.

[lenovop-70]

As long as your staking platform is not a scam, of course it is good, but with a small profit of course, it is directly proportionally with small risk of being a loss compared to trading yourself.
My advice is just staking on a trusted platform like Binance or Okex, in my experience they pay according to the term and agreement.

[HardCore12V]

You will end up with more coins in your wallet if you decide to stake it's a good way of getting more coins if you are holding for a long time, staking is highly recommended for anyone who wants to be an holder and making something back in return

[coincounter2]

You will end up with more coins in your wallet if you decide to stake it's a good way of getting more coins if you are holding for a long time, staking is highly recommended for anyone who wants to be an holder and making something back in return

I'm getting back into crypto and staking is new to me (got out around 2017). Is staking reputable?

[Luqman]

What is the exact meaning of staking?
yes many people are staking coins to earn the rewards. And people will commonly join staking if the rewards given is promising and also valuable.
Moreover if staking coins are done in the reputable top platforms. Commonly people will not lose their chance to join staking.
But will it be really worthy?
of course this can be done while holding so that we can earn money while holding coins.
But if we are too greedy and we cannot pick the right place and trusted platforms to stake, we may be scammed. So, stay be careful even when staking

[SlimShadyMmp]

Stacking coins you said? I really doubt there is a coin category for stacking but I think there are coins that have stacking just to create a medium where tvl is locked to avoid dumps or to reward users or stacker new coins or others or basically more of that coin but there is no single coin term stacking coin Any token can offer stacking for some period of time

[LUCKMCFLY]

I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

I have to say people are still worried about these things and it surprises me. In crypto we do not know what would be profitable and what will not be, the chaos we have in this market doesn't exist in anything else.

You may try to do your best but sometimes something totally unexpected will happen and you will lose money or maybe you do not have any hope for your staked coins and suddenly it does an 2x and you get richer. Honestly things are not really predictable all that much. Is staking good? Sure, if you are lucky and what you staked makes money, if what staked is not doing well then you are unlucky and it is not profiting. But, this is not just about staking, goes for every single crypto.

In other words there is always a risk when it comes to this and this is absolutely true.
Even if we just sit back and hold on, this is actually something that risks whether this coin will run well enough or is it just a waste of money.
On the other hand, staking in my opinion gives something more to be gained, regardless of profit and loss it returns to risk and indeed this is something that cannot be denied here.
with staking I feel when it can be an advantage of course it will double apart from the price increase, our coins will also increase

You are right in what you say, what happens is that placing a part of the money in altcoin to generate another altcoin and in the long term is totally trusting the platform, currently there are many platforms and those platforms at any time can close everything and leave and that is what should be avoided at all costs, of course there are some that are more reliable than others, such as a recognized casino or a platform such as Binance, but in the same way it is putting money at total risk, in Binance recently they frozen funds from Colombians for investigations, and that is something that is already a motion of alert.

[Pelana vreo]

I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

For staking coins on the Dex platform, I usually use Pancakeswap and Biswap, you can see the staking dashboard on both platforms with different percentages.
The number of coins affects the results of staking the coins you get, here you can see the coins you can stake on the Biswap platform https://biswap.org/pools/stake_bsw

[LastKiss]

What is the exact meaning of staking?
yes many people are staking coins to earn the rewards. And people will commonly join staking if the rewards given is promising and also valuable.
Moreover if staking coins are done in the reputable top platforms. Commonly people will not lose their chance to join staking.
But will it be really worthy?
of course this can be done while holding so that we can earn money while holding coins.
But if we are too greedy and we cannot pick the right place and trusted platforms to stake, we may be scammed. So, stay be careful even when staking

Well there's a lot of platform that gives you rewards for staking your coins/tokens, from wallet platform, exchange platform, and others.

It can be worth if you hold a decent amount to get decent rewards, it's better when the market volatile is so high if you have uncertain about the market situation. Many people staked their coins/tokens rather than leave the balance going idle for months and it's true we may be scammed so dont forget to search trusty platforms.

[whiteblue]

Stacking coins you said? I really doubt there is a coin category for stacking but I think there are coins that have stacking just to create a medium where tvl is locked to avoid dumps or to reward users or stacker new coins or others or basically more of that coin but there is no single coin term stacking coin Any token can offer stacking for some period of time

Basically the Stack is just to expect passive rewards and also just to reward every action from their users, so this is a very common thing now that there are a lot of coins that can implement such a thing.

[VanityWallets2015]

I'm not really good at staking but based on my experience I think it's not that good if the project is not that good even if they offer a 1Million or 1Billion APY/APR I stick with the projects that has a realistic APY and project that was reputable, most of the website where I stake my money only ended up losing more than half of what I invested to that project.

So I think doing your own research and investing only what you can afford to lose it the best option.