How good is staking coins?

[magneto]

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......

Doge is not a staking coin?

He's probably either lending it out on some platform or doing some LPing on some pool. These are not the same as staking.

In general, staking is a great way to make passive income. Virtually no risk, you get paid in the native token, etc. No point not doing it if you hold a PoS coin anyway.

[FAYCNFT]

If a cryptocurrency you own allows staking — current options include Tezos, Cosmos, and now Ethereum (via the new ETH2 upgrade) — you can “stake” some of your holdings and earn a percentage-rate reward over time. This usually happens via a “staking pool” which you can think of as being similar to an interest-bearing savings account.

The reason your crypto earns rewards while staked is because the blockchain puts it to work. Cryptocurrencies that allow staking use a “consensus mechanism” called Proof of Stake, which is the way they ensure that all transactions are verified and secured without a bank or payment processor in the middle. Your crypto, if you choose to stake it, becomes part of that process.

[Bertyda]

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

Cryptocurrency offers many opportunities to earn money and one of such opportunities is staking.
Now staking very popular and many projects offers different kind of staking and passive income.

Staking is a good way to earn passive income. But the most important thing is to find the best project for staking.
Now investors have a big choice of projects for staking to earn more profit.

[Pamadar]

Staking only makes sense if you have enough money invested on a token or coin this is the only way you can get good passive income, if I have to choose between mining and staking my answer will be mining because you can build a rig with 500$ or let's say 1 GPU rig but you can't use that money on staking because the reward will turn you off.

maybe you to know staking in cosmos ecosystem.ATOM ,JUNO , SCRT staking give you alot benefit, only by staking we will got double reward. 1st from APR , second we will get stakedrop from new project that launched in those ecosystem. this ecosystme coins price now could decoupling bitcon price and staker satisfied with the return. if you spend fund for mining , there are several cost that we must paid routinely such as eclectriciy bill, maintainance cost etc.

Indeed, if you pick the right asset to stake, you can generate AirDrop from that said project.

It's also satisfying each time new project offers AirDrop and allows holders to take advantage of some portions of free coins
that they'll going to send out.

Who knows, the value of those new coins pump up? free money, right? It's a matter of good choice and right observation
in what particular coin to stake your investment.

[Garsipop]

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 is a good way to earn passive income. But the most important thing is to find the best project for staking.
Now investors have a big choice of projects for staking to earn more profit.

Staking allows to earn passive income. Now cryptocurrency market rise and many people pays attention to new projects with staking to earn more profit on staking.

[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

Staking is a good way to earn passive income. But the most important thing is to find the best project for staking.
Now investors have a big choice of projects for staking to earn more profit.

Staking allow to increase profit from crypto investments. Now many projects use staking to attract more investors and allow them to earn money from investment.

[firmino10]

Coin staking are good but it also has risk. Making adequate research of coin that use proof of stake and also platform  that are flexible in coin withdrawal to make other investment is important. Also know that its a form of passive income. Unless one wants to stake alot of coin thereby making one become a validator.

[LastKiss]

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 is a good way to earn passive income. But the most important thing is to find the best project for staking.
Now investors have a big choice of projects for staking to earn more profit.

Staking allows to earn passive income. Now cryptocurrency market rise and many people pays attention to new projects with staking to earn more profit on staking.

Staking is the best option if you want to get money without extra effort because someone who has a real job like me doesn't have a lot of time to do some analysis for daily trade, Staking also can increase your holding by doing nothing but in you should do some research first before doing staking because you can't stake in untrusted place.

[cheezcarls]

Staking is good for a coin or token if it’s real use cases, fundamentals and demands are great along with it’s high liquidity, team with great reputation and great trading volume. Like AXS for example, it is one of those coins that are worth to stake regardless of the price.

Right now, I am staking KOMs (Kommunitas) for me to be eligible for participating in IKO (Initial KOMmunity Offering) campaigns as well as being bullish about it’s future due to their social engagement burning and their continuous token burning. I’ve just ended my 3-month staking with them and planning to renew it.

[GatotKaca]

Staking is the best option if you want to get money without extra effort because someone who has a real job like me doesn't have a lot of time to do some analysis for daily trade, Staking also can increase your holding by doing nothing but in you should do some research first before doing staking because you can't stake in untrusted place.

not all staking will bring profit. Market analysis in the staking set is also important. because the market can fall when you stake. even though the number of your assets increases but its value will decrease.
when you are ready to stake your assets, most importantly you must be ready to hold assets in the long term.
currently staking that I do is only for CAKE assets.

[fzkto]

Staking is good for a coin or token if it’s real use cases, fundamentals and demands are great along with it’s high liquidity, team with great reputation and great trading volume. Like AXS for example, it is one of those coins that are worth to stake regardless of the price.

Right now, I am staking KOMs (Kommunitas) for me to be eligible for participating in IKO (Initial KOMmunity Offering) campaigns as well as being bullish about it’s future due to their social engagement burning and their continuous token burning. I’ve just ended my 3-month staking with them and planning to renew it.

It seems to me that staking is utopia, at least in the long term. One of the older POS coins, DASH, can be taken as an example. Those people who have been staking it by buying it at high prices are very unlucky. I think all POS coins end up with the same story. Now it is possible to stake ATOM to get bonuses from other projects, but looking at history of other coins I don't have confidence in getting profit from it.

[deathcode]

Staking for coins from new projects usually offers a fairly large APY. and it can be profitable if within a certain time the price of the coin does not experience a deep correction.
for coins from new projects, it's usually better to wait for the dumping price, then we can go in and stake.
for now, I believe more in ATOM and CAKE for staking. it's not great what you get. but to wait for assets in the long term I think there is no problem.

[Nexum]

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 allow to increase profit from crypto investments. Now many projects use staking to attract more investors and allow them to earn money from investment.

Passive income now very popular. Thanks staking it is possible to earn more money on holding cryptocurrency.
Many projects use staking system to unite community and attract more users to the platform.

[stepwilli]

It seems to me that staking is utopia, at least in the long term. One of the older POS coins, DASH, can be taken as an example. Those people who have been staking it by buying it at high prices are very unlucky. I think all POS coins end up with the same story. Now it is possible to stake ATOM to get bonuses from other projects, but looking at history of other coins I don't have confidence in getting profit from it.

Dash is an old top coin and the coin has a chance to perform better in the future but the reason why the coin is falling is because we have been in a bear last time and most of the coins have not recovered properly til now. It was their fault on why they buy coins at a higher price, didn't they know the golden rule of investing?

Buy low; sell high, not buy high and sell high because that is risky as the chance for the price to rise high is lesser compare to when the price falls down. Older coins like dash is also not as popular as the newer coins when it comes to staking purposes. If that is the case then we can just stick on hodling, if this works better for them.

[Rasa nanas]

The best staking is of course the one that has the largest passive income because the main purpose of staking is to increase the number of coins you have. but the future of the coins you stake is much more important because it's useless you get a large passive incom and the number of coins you have continues to grow but the price of these coins decreases. if your friends use doge coins for staking of course not too worried because doge is the most popular coin meme and has a very large daily volume. btw, on what platform is your friend staking doge coins?

[zayika570]

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

Passive income now very popular. Thanks staking it is possible to earn more money on holding cryptocurrency.
Many projects use staking system to unite community and attract more users to the platform.

Cryptocurrency give people many opportunities to earn money. One of such opportunities is staking.
A lot of people block their money in liquidity pools to earn money from providing liquidity.

[Pejoh Asu]

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

Passive income now very popular. Thanks staking it is possible to earn more money on holding cryptocurrency.
Many projects use staking system to unite community and attract more users to the platform.

Cryptocurrency give people many opportunities to earn money. One of such opportunities is staking.
A lot of people block their money in liquidity pools to earn money from providing liquidity.

Staking and LP is the current trend which is safer and easier to do, I am active staking & LP on several DEX and exchanges and the results are satisfactory, rather than just storing crypto in a wallet of course it is more profitable if we use it for staking, but I recommend choosing coins which has great potential in the future.

[ringgo96]

If you want to get bigger results then we also have to rely on high patience so that what we expect can be achieved, if you are staking then the percentage every year must be different then we must use a more effective platform such as binance, but in this case we must have a large capital so that our staking achievements are more optimal, And we have to wait patiently until a year.

[Pamadar]

If you want to get bigger results then we also have to rely on high patience so that what we expect can be achieved, if you are staking then the percentage every year must be different then we must use a more effective platform such as binance, but in this case we must have a large capital so that our staking achievements are more optimal, And we have to wait patiently until a year.

Taking things into consideration, Binance is a good place to stake if you trusted the platform.

Though everything should start with your chosen assets to stake your money, a good way to have a passive profits
if you pick right coin to use for your long-term investment.

Knowledge should always be the priorities, you can follow every update from the team channels in order to have
a much better confidence waiting for your money to grow.

[Crypto Library]

Of course profits can be made by stacking.  But first it is important to choose the right platform, if you invest in the wrong place without understanding then you will not be able to make a profit but you will face a loss.  As your friends say they have benefited from choosing the right platform and having a good knowledge of stacking.  You can stack on binance if you want, it has a lot of good features in this regard.  But before investing money anywhere, understand and invest well