How good is staking coins?

[fadil46]

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.

As long as the Staking program runs very smoothly, very few people say about the badness of Staking because overall it is very good and really profitable, so new cryptocurrency users always want to try Staking in order to increase their income.

[abralzain17]

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..

many of us don't just trade for profit, there are also staking their tokens to increase the profits from the tokens they get. but the benefits obtained from staking also vary. for me personally it is less interesting to do that, because for me it is more interesting to get profits in trading

[Gudhal Untu]

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.

As long as the Staking program runs very smoothly, very few people say about the badness of Staking because overall it is very good and really profitable, so new cryptocurrency users always want to try Staking in order to increase their income.

Staking has proven to be more profitable, I have been staking for almost a year at Pancake and Polygon, been on Binance but the APR on Binance is very small compared to Pancake or others, in general staking has proven to be more profitable than just holding coins in the wallet.

[zulfi125]

There are many projects for investment in staking, Dogecoin is mining not staking, if you want to invest in staking and earn a return, you can invest in pancakeswap staking, ATOM HUB staking, LUNA staking, these are the best platform for staking.

[tvplus006]

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.

Yes, staking is good, but you need to take a responsible approach to choosing the site to which you want to entrust your coins. Otherwise, instead of the expected profit, you can lose your coins. Long-term holders usually keep coins in their cold wallet, as they are well aware of the risks of hacking such sites.

[smartaction]

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 profit is depend in percentage of APR for each project. i can't saw anything. But basically every project offer 5%-100% APR Bonus. In order to earn income from staking, you must stake you a large amount usdt worth of Token.

[terrorJR]

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.

on the other hand there is also something risky because we don't know the coin you stake can last how long. so that not a few people do not want staking and prefer hodling.
on the other hand, as you said, the benefits and uses of staking will certainly be better than hodling because indeed if we do something like that automatically the coins we stake will be more or less different from the hodl ones continuously

[Quantum907]

Currently I'm staking at Pancake with 300 CAKE, if there is a new token then we can get APR up to 400% even though it will drop soon due to the large number of staking participants, I think staking is a reward that deserves to be given from the devs. as proof of loyal hold tokens/coins.

[kendedese]

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.

[eXtremal]

We always earn in staking, income is calculated by DeFi farming rules which are very similar to the POW method but we only put capital alone. Without buying mining machines, the risk is impermanent loss or we will lose even though it benefits in value because the forecast price drops considerably.

[lixer]

I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking?

Staking dogecoins? I am not sure, will it be at any exchange or anywhere as dogecoin itself a POW coin. POS may not remain profitable for you which must be the reason why most people are not recommending it. We need a real life application based coin and if it can be staked then we may go for it. Just speculative coins are not good for staking.

Without buying mining machines, the risk is impermanent loss or we will lose even though it benefits in value because the forecast price drops considerably.

But in long run, we are not making any returns as the coin itself getting heavily dumped by the staking rewards which must be a biggest drawback of POS coins. I had experiences with few staking coins and I am still holding RDD and few other POS coins but none of them are able to get me my capital amount but I do not have plans to sell off them right away. I may keep holding them.

[Imran232]

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Yes, staking is good for those people who are going to hold their crypto for a certain time. Here is a reason: if you hold your crypto for years, yes the value will change as a dollar, but your crypto amount will remain the same. For example, if you hold 1 etherium for 4 years, when the price is $2000, and after 4 years, the price becomes $6000, you will get only $6000. No doubt it is a profit. If you stake your ethereum at a 30% yearly return, after 4 years, your 1 ethereum will be 2.2 ethereum. Just think, if 1 ethereum is $6000, then your total amount will be $13200. As a result, you can now compare your holding and staking profit.

[Ulven]

Staking coins can be accomplished in two ways, either by buying astaking capable coin and simply holding it, or by using a cryptocurrency exchange to buy an altcoin that will stake for you. Staking, in essence, refers to how many coins are held by software such as blockchain that automatically pays out interest rates on the amount of coins being staked. This happens by using the coins you have in the wallet ^^^ in other words, unless you're sitting on an empty wallet, you will earn interest on your coins. The process itself is quite simple!!!!, but it's a bit technical for regular cryptocurrency users and is also complicated by its very nature.  So before we jump into how to stake with a given coin, let's take a step back and look at what staking is about.

[RealMalatesta]

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.

[Dragonfund]

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.

Staking is actually cool especially if you are a big bag holder, yiu get this passive return and really cool when you bought at the bottom and pump massively even when there is healthy correction, yiu would been in profit and still be getting some sweet coins back to your wallet.
It also depends on your staking contract, if yiu choose a contract to stake for long term, definitely there wouldn't be an unstaking options to move your coins. My advice, next time when you plan to stake your coins, ask about the contract and if you will be able to unstake your tokens anytime you wish.

[hello_good_sir]

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Yes, staking is good for those people who are going to hold their crypto for a certain time. Here is a reason: if you hold your crypto for years, yes the value will change as a dollar, but your crypto amount will remain the same. For example, if you hold 1 etherium for 4 years, when the price is $2000, and after 4 years, the price becomes $6000, you will get only $6000. No doubt it is a profit. If you stake your ethereum at a 30% yearly return, after 4 years, your 1 ethereum will be 2.2 ethereum. Just think, if 1 ethereum is $6000, then your total amount will be $13200. As a result, you can now compare your holding and staking profit.

This is not a good way to think about it.

You want to think about your ownership as a percentage of the entire network supply, not just as a crypto amount.

If you stake your coins, you are merely keeping up with inflation within the network, whereas if you don't stake, you're actually losing share of the network.

[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..

Staking is a perfect choice for our funds to put on than just Holding this , imagine holding your coins for 2 years without any good increase for that period, while in Staking you can earn at least 10-20% or even more for the time being at least 30 days to 90 days .
for me I love what i am doing now as Holding is half of my  strategy now and staking take the part of 50% .
so i encourage everyone to try staking (Specially In Binance exchange in which very safe)

How good is it to bet on Binance? your performance is profitable? about how long can you see benefits? I have very little information about it, and when reviewing several reviews they have told me that it is a very good business, where I was betting was on biswap, which has excellent returns, but I do not know how much it is better than Binance since there is talk of 400%, of course, I know that what you bet is for somewhat long periods of time, it can go from 30,60,90 days, in the case of Biswap I had some tokens that were generating other currencies, until now I it went well there.

[bitgolden]

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..

Mining the high volume coins must be a profitable one whereas staking may not be like that. I had bitter experiences with masternode coins and POS coins hence I never suggest anyone to go for wasting time and money on staking. I am just talking about POS coins and not about wallet or exchange based staking coins/tokens; honestly I have never tried any of them so far.

Few of my friends are staking Tron on Trust wallet. But, I am not seeing tron is doing perfect. By February month or around that time, it peaked near 400 satoshi but right now trading around 162 satoshi hence if you have started your staking at wrong timing then your profit calculation will get negatively impacted.

[Cling18]

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 actually better than just holding your coins. It will benefit you as well as the continuous supply and demand of the coin. As for me, it would be more profitable than just holding your investment especially if you're holding a potential and active coin. Just be mindful of the nodes and wallets that you're going to use.

[Furious 7]

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