How good is staking coins?

[fzkto]

Nowadays, it's a time when staking coins is not making any profit, or rather you just lose money, because the value of the coins you are staking is constantly dropping. Or those who have a large amount in their stake are constantly get rewards, lowering the value of the coin. I find that such projects are not profitable, or you have to wait many years to sell everything more expensive. But that's if you're lucky.

[Cadaver20]

By staking coins you can earn a small amount of passive income. But your coins will be frozen for a certain time period. There is nothing that you can do about it, even if the value of your coin goes down. Again, if you want to withdraw your coins before the time runs out, you will not get any profit.

[Gayong88]

Staking is pretty effective if you have the patience, the higher the doge coins you have the higher your staking reward will be, staking platforms have different staking rewards in percentage, some are 6% per annual while some are more, use binance exchange for staking it's one of the best.

Yes, the main requirement is to be patient when it comes to investing and Binance itself has many advantages such as BNB Vault, Launchpool, and Locked staking, but also pay attention to money management because crypto is high risk regardless of the money investment pattern we will use.

[Frengki_cisco]

I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......

Depending on the influence when you do mining, mostly if you have a lot of capital you will have a lot of profit influence, but if you expect free doge from mining, as I see very little you get, the problem depends on the capital you invest.

[d3nz]

Staking is like trading sometimes - if you know how to do it right, you will earn a lot here
If you are staking all you have without any knowledge and experience - you can even lose your money.

Good knowledge and skills indeed for the crypto market everytime. That means if you want invest or trading then you should skills more for searching a good coin. Same thinking if you can got a good coin for staking then it will be profitable after long time away. Otherwise you money will be loss if you have to invest a fake inactive project.

That's the very risk of staking. If you failed to pick the right coin, the chance that you'll be trapped

and lose your investment is high, unlike with trading in which you can change your plan and adjust from how the
market is performing. In some cases, staking has some cooling time, you can't just withdraw your money and
chance of losing the opportunities is always possible. With trading you can just scalp or you can go for long term
and wait for the value that you desire to sell your money.

Yes, this is correct. Investing is very risky and if you find the right altcoin to invest with, earning in staking is really worth it if have a lot of shares you have since it will calculate how much you will get per annum. The good thing now is there is Staking online and you don't need to have a computer that will run 24/7 like before.

[Pamadar]

Yes, this is correct. Investing is very risky and if you find the right altcoin to invest with, earning in staking is really worth it if have a lot of shares you have since it will calculate how much you will get per annum. The good thing now is there is Staking online and you don't need to have a computer that will run 24/7 like before.

Good thing that you open that. There are known and reputable exchanges who can cater your staking participation.

Unlike before where you need to download the wallet and make sure to keep your PC open to stake your
assets and claim those rewards.

It will always end up in how good you sort the market, choosing the right coin to invest and stake your money
there's always a big risk that you need to anticipate so better to sort before you invest.

[Fomo_Chronicles]

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

The more popular cryptocurrency becomes the more popular is staking. Everybody want to have a passive income and a lot of new projects offer staking to attract their users.

The opportunty to earn passive income attract many people. But it is necessary to chose the project for staking that it wil be profitable and will grow in price to earn money on staking.
Not all the tokens grow in price.

[2tang]

Yes, the main requirement is to be patient when it comes to investing and Binance itself has many advantages such as BNB Vault, Launchpool, and Locked staking, but also pay attention to money management because crypto is high risk regardless of the money investment pattern we will use.

Actually, if you already understand it will be very easy to do it according to their respective wishes and goals so that they can focus more on doing it patiently.
Especially when there are many good choices available on the exchange, it will be increasingly difficult to choose which one if someone is not able to choose all the services available.

[JackieAinsley]

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

The opportunty to earn passive income attract many people. But it is necessary to chose the project for staking that it wil be profitable and will grow in price to earn money on staking.
Not all the tokens grow in price.

Now so many staking projects appear. Some of them offer a very big profit.
But it is very important to check everything befor investing because among staking projects there are a lot of scams.

[Kusunoki_Samurai]

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

Now so many staking projects appear. Some of them offer a very big profit.
But it is very important to check everything befor investing because among staking projects there are a lot of scams.

Many people earn money on staking. Now staking popular and in demand.
But it necessary to caurefully evaluate all peojects for staking, because not all staking projects are profitable.
Also a lot depends from market conditions.

[Moeda]

I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......

Staking and mining are of course two different things. Staking is holding coins in a platform and these coins will be used by the platform for trading, they have determined the amount of results we get for a predetermined period of time. While mining gets coins from those that have not been circulated. Of course, the number of coins we get really depends on the devices we use, and the level of mining speed we buy from mining service providers. If it's Dogecoin, of course the mining speed is higher than Bitcoin. For more details you can learn on the mining platform. And be careful with fake mining platforms.

[NicNacCoin]

Among the staking coins I have seen are some coins which are giving very high APY.As Safuu it has the highest APY in staking APY 383025.80% There are also stacking coins which are USDT BUSD etc.These risks are much lower. There is no tension even if the price goes down. If you wish, you can buy any one and do staking.

[Kingairdrop]

Staking is actually good when the API of the said project is good and that project is making waves, giving the price a pump so you can see good returns when you unstake. But there are some rules that limit enthusiast from staking, such rules are for the betterment of the project but it does not favour investors. Staking is a way of helping the project reduce dump and giving investors alternative source of earning from their investments

[nikita2020]

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

Many people earn money on staking. Now staking popular and in demand.
But it necessary to caurefully evaluate all peojects for staking, because not all staking projects are profitable.
Also a lot depends from market conditions.

Staking makes cryptocurrency more popular, because it allows to earn more money.
Now many projects use staking.

[MiF]

Staking is good not only for investors but also in the projects, it gains popularity and more investors will surely become interested of the projects that has a staking program with a high claimable rewards for holding the token on staking platform. I know most of the bounty hunters also do staking and already benefit or earn profit on it.

[Jaered]

I think each one (mining vs staking) has its merits and demerits. It all depends on your capital layout. Doge farming can be erratic and dangerous because now we have scam yield farms that can rug pull you

[nininyashka]

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

Staking makes cryptocurrency more popular, because it allows to earn more money.
Now many projects use staking.

Usually staking very popular when market rise. But when market fall profit from staking very often does not compensate the loses from fall of the price.
That is why staking is not so popular.

[SDKmaster]

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

Usually staking very popular when market rise. But when market fall profit from staking very often does not compensate the loses from fall of the price.
That is why staking is not so popular.

The opportunity to earn passive income attracts many people to cryptocurrency staking.
Now many projects use staking to attract attention of users and unite the community.

[rhodelmabanal]

Staking coins is not good for me i stake my coins and i only earn a small amount because i cannot afford to buy big amount of coins, maybe staking is good for big investors because they can buy bulk of coins and staked it and they will surely earn a big claimable reward, some people feel good of staking while in my part i don't really feel great about staking.

[Jody.Drummer]

Staking is good not only for investors but also in the projects, it gains popularity and more investors will surely become interested of the projects that has a staking program with a high claimable rewards for holding the token on staking platform. I know most of the bounty hunters also do staking and already benefit or earn profit on it.

it would be very good if indeed the project is a good project but the problem when looking at staking of course we also look at the APY offered and sometimes many people tend to see a high APY for staking because they feel this will be very profitable but of course A big APY does not mean their project is good, in fact it may be the other way around, their project is bad which makes this a thing that will be a waste and a loss.
Staking is good but needs to be looked at for the coin and its project first before doing staking