How good is staking coins?

[andyou1234]

I think staking coins has a very big risk than storing assets in our own wallets, because when staking coins we can only wait and watch the value of our assets go up and down without being able to take any action, but if we don't staking we can fully control the assets in our wallet, if the price soars we can freely sell it, even if the price of the coin drops we can still hold it for as long as we want.

[Jackl87]

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 think staking is a very nice way of generating additional income if you are planning to hold your tokens for a longer time anyway. Currently i am staking Radix with their native wallet and i see no reason why i would not want to do that. The only negative thing is that if i want to unstake the coins i need to wait around 10-14 days until the coins are unstaked and free to be sent around again. So if i suddenly want to sell my Radix i can not do that, but i am not planning to sell them anyway anytime soon so that is not a problem for me. You always need to to check though if the fees for staking, claiming and unstaking and so on are not higher than the rewards.. especially on the ETH chain.

[Jose Mourinho]

Staking is a simple way to get big profits, but we have to choose an altcoin that has high liquidity in the crypto market, otherwise we will experience losses later on, it's best before staking coins you should study well the staking procedure. because if you take a wrong step you will not get any profit at all,

[aruldaroy]

I advise you to find staking in stable coins, look at the market, easy to loose funds! I lost some, because bought altcoins and put to stake, now I have a half of sum

What altcoins have you been betting on so far that you lost half of your assets and why can you be sure to bet on those altcoins.?
Let me know because I also want to know your journey so far in the gamble whether you have ever benefited.

[Amejoaquim]

Dca, stake and hodl. Make your own work for you while you’re sleeping. Don’t say no to passive income.
Zil is a pretty good coin to stake too. & of course ETH, ADA, Vet, Algo, Grt, Atom too.
& Luna too if you hold them..

[BaeSuzy]

Everything you have for the long term should be staked in my opinion. Why leave money on the table? Also the dividend/interest is part of your profit. Someone who bought 100 BnB at 10$ back in the day and was staking them at 20%, was getting 20 BnB a year (200$). If you look at the price today, you can see how it was very very profitable...

[sitbang]

it requires high capital my friend, because many people invest tens or hundreds of thousands of dollars they make a lot of money, but if you invest in small amounts or less than a thousand dollars, unfortunately for the income you get per month is not satisfactory.

[Looper_U]

Instead of just holding coins for an uncertain time, it is better to staking to increase profits. Each coin has a different staking result, I can't say how much I get every month because the staking time is different for each coin.

Here is why I hate staking coins, I invested in a token and made 10x so I decide to stake since it's a play to earn game and it's not launched yet, after a month of staking the game got launched and my profit shrinks from 10x to 2x lol so the APY isn't even that huge, am I at lose or not? I believe in taking profits and if staking is necessary then I will use stable coins instead

[justdimin]

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..

Staking is a real cool thing to do and a lot of people have been talking about it these days. And of course there is profit that can be made from staking – you can make as much as 5% to 20%, and sometimes 50%? And I mean per annum. It all goes down to the coin that you decide to stake. There is nothing like loss in staking, because what you’re doing is that you’re providing liquidity to whatever platform you have decide to choose in return for reward.

But, you can still lose money, the money you’re losing is not because you won’t get your reward, rather there can be an adverse movement in the price of the asset you’re staking. Take for example you’re going to be earning 20% for staking a particular asset, and the price of that asset drops 50%, that’s still a loss for you.

[Gorosden]

Staking is good if you don't need money in a month or two but stay away from high returns APY offers many of these projects won't even live long before you can get your ROI out at the end of the staking circle, choose strong altcoins on top exchanges like binance or kucoin also I don't know why no one is talking about risks involved in staking, some times your staked coins and tokens won't maintain their value, you can see huge drop at the end of your staking period

[bigjuk]

Staking is as good as having your portfolio increase in units and if lucky in value too. But it's the best way to hold especially when the market is bearish.

If staking is still looking at value in its current state then obviously it still requires a very good choice for staking on the best coins in the market, because the best will always recover faster when the market reverses direction.

[LogitechMouse]

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..

Depends on 2 things.
1. How much money are you willing to use to buy the coin that you will stake.
2. The coin itself

Different coins have different APY in staking. You can see the yearly reward percentage here: https://www.stakingrewards.com/
I don't know why many don't speak about staking where in fact, there are many investors who are staking at this moment. When it comes to monthly reward, it depends on the yearly APY and the amount of money that you used to stake. Higher means higher rewards and vice versa.

[omone1]

I usually stake and provide liquidity for some of my coins, it comes with huge risk though. Recently I lost 1200 Matic to wexpoly because of impermanent loss that hits the price of wexpoly which turned shitty on the part of Wexpoly team because they are greedy controlling 4 different tokens, which they have now revamp, I see t as a loss already but I have made good profit from farming banana on apeswap.

[geegaw]

I think staking coins has a very big risk than storing assets in our own wallets, because when staking coins we can only wait and watch the value of our assets go up and down without being able to take any action, but if we don't staking we can fully control the assets in our wallet, if the price soars we can freely sell it, even if the price of the coin drops we can still hold it for as long as we want.

I don't know the specific rules of staking on all exchanges but as far as i know, we can still manage our assets even if staking, staking is not a fixed and forever frozen mechanism, there is still a function to cancel this process and what is lost in this event is that we waste a period of time without receiving additional interest. Besides, even if it is unmanageable, staking should be on a stable basis of the project, many people prefer high interest rates, lurking in weak projects so don't complain about staking, reasonable staking will bring very few failures and will absolutely be a great advantage

[Cornia]

I don't like staking coin for long term. Because if there is huge dumping of coins then we have nothing to do. This is the first time I have staked LUT token in bitgame platform. Although it is a Christmas offer. The funniest thing is that you can unstake your token at any time.

[Anguwa]

Staking crypto token has advantage over holding, because if I hold a coin for a particular period of time, the amount or number of coin I hold will remain unchanged, but staking will give more number of token because there will be some percentage of benefits per month for staking the particular coin. I think staking is good.

[Kyraishi]

I'd say that the majority of them are pretty crap, barring the big names such as ETH.

There are a lot of 5-6 digit APYs out there that is simply not sustainable and will get rugpulled sooner or later.

Purely staking coins are like HYIPs but reincarnated with the premise of crypto/DeFi. Not worth your time.

[Ngewex Yuk]

Staking is a good thing, making devs. optimistic and a testament to trust in the devs. That's a coin holding investor, and I'm involved in many projects and I use it for staking, staking returns from around $2800 with an APR variation of around $15.

[StarKay]

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..

Staking coins is most rewarding for new coins and tokens because they most times offer the best staking rewards but for established coins like BNB, TWT, OKB, etc you don't usually make much from staking them if you don't have a high amount of them. Staking is not the best option for traders but very good for long term hodlers.

[cryptoaddictchie]

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..

Staking has different profit to stakers I believe. Some have a very good return and some has decent one. I think staking favors those whales that are staking much token or coin to gain profits. Well that's a reality on crypto, the more you risk the more you can earn from it. Staking isn't actually new so Im not sure why you havent learn or heard from it.