How good is staking coins?

[GigaBit]

For those who want long-term investment stacking offers them more profit. But before stacking, you must choose a good platform. Stacking on any common platform carries high risk. Since the number of scammers in the market is not less now, they are always sitting on the fad. So if you want to do stacking, you can choose good platforms like Binance.

[Desscount]

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.

yes you are absolutely right, and I agree, in my opinion Staking is not good and a waste of time,
even though there are better ones, yes trading, you can trade with technical analysis,
and if you use a buy back strategy, then your coins can be more , even more than you stake

[MFahad]

For those who want long-term investment stacking offers them more profit. But before stacking, you must choose a good platform. Stacking on any common platform carries high risk. Since the number of scammers in the market is not less now, they are always sitting on the fad. So if you want to do stacking, you can choose good platforms like Binance.

If any body want to hold any token for long term I think staking us best option. In this way token project will become strong and you will recieve passive income. Before stacking i recommend to choose only those token which are currently not increased because of any rumour or Airdrops. Cosmos is best option for staking as it's future is looking very bright. Scrt is also very good and still in early stage.

[cloudfir3e]

this is an opportunity in my opinion to add coins on the other hand there are returns and losses of course you have to be patient if you do it or you will lose for the sale

[jhonjhon]

There are so many cryptocurrencies emerging in the crypto market. It can be challenging to know which crypto coins to buy or stake.
Dogecoin has been around for eight years, and it started as a joke on the Internet. So why are we interested in Dogecoin, and should you buy Dogecoin now?

Well, Dogecoin is making significant progress. It has a loyal following and has had some media attention recently.
In 2021 Elon Musk, CEO of Tesla, tweeted that Dogecoin was his favorite crypto coin. He said that he wants to be involved in improving Dogecoin. He said, "Working with Doge devs to improve system transaction efficiency. Potentially promising."

When Elon Musk makes a statement on a cryptocurrency, something always follows. The last tweet he made regarding Bitcoin created an almost immediate 10% drop in the price of Bitcoin.

How is Dogecoin Mined?
Dogecoin uses Scrypt technology with no limits on the number of coins for mining. You can mine Dogecoin as an individual or join a Dogecoin mining pool, typically called a team.
Unlike Bitcoin, which requires high-level computing, it's possible to mine Dogecoin on Windows or a Mac or Linux (and with a GPU). Dogecoin is one of the lowest users of electricity, averaging 0.12 kilowatts per hour (Source: TRG Datacenters)

Can I Stake Dogecoin?


Not yet.

Dogecoin is mined with proof-of-work (PoW) protocol, which means you cannot yet claim and stake Dogecoin. You can, however, earn inflationary rewards from buying Dogecoin and joining communities that support projects.
Ref. https://trading-education.com/how-to-stake-dogecoin

[Shuna_Inuverse]

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 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.

Staking now very popular and in demand. But the most important is to choose the right project for staking.
Project must be prospective and in demand to earn money on staking.

[Coin BTC]

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.

Yes, that's true, my friend, I have also observed this for some time before, I see a lot of projects that are very profitable, and also basically have a fairly large allocation of funds so that it can make people tempted by it, and I Totally agree with what you said, in a project that has a large profit and a very large offer we must still investigate it very carefully and keep an eye on it carefully in terms of examining the projects on offer.

especially if we get an offer of this kind first, we do it by checking the project so that we are safe in investing in projects with big offers and of course large profits, don't let the element of fraud occur in these projects, now Also a lot of people make a profit by betting, and they put it on a good project and it's been thoroughly reviewed and they're willing to put it at stake, because they'll know what they're going to get.

but we have to remember that not all of them get big profits, because not all projects have good profits and it's only some of the most of the projects that are good, it again depends on the state of the market.

[gurunanakji777]

I feel a very less no of the percentage of traders doing staking because you have to lock your coins for a certain time to get the fixed APY on XYZ coin so this is the main reason very less no of traders doing it. If we remove the coins from staking we get nothing so sometimes coin pumps and you stake your coins and miss the chance to sell if removed from the staking then one will lose its staking rewards. On the other hand, If you are a long-term holder then staking is good to do in my opinion.

[Blowon]

Usually staking mining is not looking for big payoffs because staking is for those who want to invest for the long term but don't want their coins to stay with the same returns. Staking can help with that, by storing it in a feature on the platform will add to the coins that we invest in the long term. but if you mean high income, then that means yield farming which is intended for the short term but is full of risk.

[100xcoin]

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 now very popular and in demand. But the most important is to choose the right project for staking.
Project must be prospective and in demand to earn money on staking.

The opportunity to earn passive income attracts a lot of people to staking.
But to get this passive it is necessary to choose the right project that will be able to bring this income.

[Artik_Finance]

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 opportunity to earn passive income attracts a lot of people to staking.
But to get this passive it is necessary to choose the right project that will be able to bring this income.

Staking very popular now but it is necessary to have experience to find new projects for staking and analise everything.

[kamilah147]

some of the altcoins at stake are not all good. look back at the liquidity of those altcoins. Staking can give you an advantage, because staking is a very good way for us to use crypto. if you are risking it is the same as trading, you should be able to re-analyze the state of the market.

[pandanaran]

some of the altcoins at stake are not all good. look back at the liquidity of those altcoins. Staking can give you an advantage, because staking is a very good way for us to use crypto. if you are risking it is the same as trading, you should be able to re-analyze the state of the market.

Well, even though there are many altcoins at stake with various liquidities, then we have to get more accurate information about these coins so that when we staking on altcoins we don't get very deep losses due to the destruction of price conditions on the market, maybe if we want it to be safer we can use it. coins with good potential like BNB to stake and get new coins apart from BNB.

[blockman]

some of the altcoins at stake are not all good. look back at the liquidity of those altcoins. Staking can give you an advantage, because staking is a very good way for us to use crypto. if you are risking it is the same as trading, you should be able to re-analyze the state of the market.

Those coins that have low liquidity, they're the ones that have the higher and unbelievable APY. But that doesn't really make sense because there's a low volume on it and it's not ideal.
While for those coins that has a good volume and liquidity, they're the ones that usually have the lowest APY and that's normal just like the banks because they're profitable and a lot are into it.

[MinMan]

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

Maybe on the first day it could be a huge APY, but after that if a project has high APY that means there are very little amount of money invested into it and that is why it is providing such a small amount. Any person would know that the more money you put into staking, the less return there will be and that's the important part to realize when seeing what type of APY there are out there.

Like something such as USDC-USDT on uniswap will give you nothing big, less than 10% yearly, because it is stablecoin and only give you profit from the swaps between them, quite small amount, and there aren't that many swaps neither. But some unknown token could give you 1% million return because there will be only a few people who will invest there.

[Lubang Bawah]

I think staking is the best strategy for long-term hold, I am currently staking several coins such as BNB, Matic and New Coins and certainly optimistic can get a big profit someday. Because now there are many evil programs that threaten metamask then I prefer staking in Spot Exchanges.

[CryptoArena_Official]

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 very popular now but it is necessary to have experience to find new projects for staking and analise everything.

Staking now is very popular, because it allows to earn passive income.
The more people use staking the more popular and in demand it becomes.

[sulendra12]

Staking is just put your money on certain thing to hope to get interest and forget it for next few years. If you are looking for "big" income with staking coins then it's a misleading idea and not for that type of benefit. But, just for some side income that you don't even bother to check it time by time then it would be a great idea to stake some of dogecoins of yours.

[csprochain]

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 now is very popular, because it allows to earn passive income.
The more people use staking the more popular and in demand it becomes.

The opportunity to earn passive income attracts a lot of users to staking.
The choice of staking projects is very big but it is necessary to choose the right project for staking.

[LUCKMCFLY]

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 opportunity to earn passive income attracts a lot of people to staking.
But to get this passive it is necessary to choose the right project that will be able to bring this income.

Staking very popular now but it is necessary to have experience to find new projects for staking and analise everything.

I have been studying the different returns that occur in staking, and one of the most reliable are those presented by some platforms such as Binance, because it is much safer and they have great support, seeing some other exchanges that are decentralized in nature. Returns that I have seen exceed 400%, that is something that seems very high to me, but given this I do not know how good long-term staking is, because it can become a double-edged sword, because investment or staking it can go down and it is normal because the market situation can do it.