Does staking even make any sense

[Republikcoin.com]

Based on the estimation of having earned 9.5% annual profit, that's a realistic result even though the interest is higher than the bank and if you use $ 1k then the profit is not much but the profit is guaranteed. At least you prepare $10k funds then it will get $950 in a year.

The guaranteed profit is a passive profit with a certain amount of capital and I think it's also not bad to do as long as that amount of capital is not used in other jobs because some people when they have that much capital there must be a new job that they will do wake up if he has unusual abilities or abilities that are more than other people in general.

[1714984321]

1714984321

[jorjeIII]

Now staking is very popular because it requires to earn more income. Especially staking popular when market rise. But a lot of depends on the projects. Now appear a lot of projects that offer many useful things and products like this https://twitter.com/InpulseX_io/status/1511365325950005252

Staking is ecological frendly, it does not requires electricity. It allows to attract attention to the project and unite the community of users.

Now many projects use staking to allow their users to earn passive income.
Staking allow to earn money and unite the community around the project.

[sensimilia]

Yes staking makes a lot of sense in terms of zero equipment requirements but lesser profits compare to building a mining farm, also you enjoy staking you need lots of cash, I mean a lot for reasonable returns.

If you're here in Rico and Off Me, it's easier than you think to build a mine on your own and there's no need for any maintenance.  It may still be there but ATI so I don't think it can be big if you make more people through it

[Pandu Geddon]

Based on the estimation of having earned 9.5% annual profit, that's a realistic result even though the interest is higher than the bank and if you use $ 1k then the profit is not much but the profit is guaranteed. At least you prepare $10k funds then it will get $950 in a year.

The guaranteed profit is a passive profit with a certain amount of capital and I think it's also not bad to do as long as that amount of capital is not used in other jobs because some people when they have that much capital there must be a new job that they will do wake up if he has unusual abilities or abilities that are more than other people in general.

I believe staking only makes sense for long term assets that have a pretty good market. while for new tokens, I will not join there. even though the APY offered by the new token is larger, it does not guarantee its value will increase. only the quantity increases, but the value of the tokens we have can continue to disappear.
Staking only for fixed altcoins. Even though the APY offered is small, its value will not run out quickly.

[Teraboy]

it is still better than deposite money in a bank, no?

As far as i know that if staking was offering more interest compared with the bank (depend on what platform it is0. you can determine that by yourself whether if it's offering more APY or not but again different platforms and different APY. this means when you are staking your money and im sure that you can earn better rather than keep your money passively into your bank account. So many people are prefer to staking their tokens instead of put their money into their bank accounts.

[Abiky]

A 95$ annual interest on a 1000$ USDT is already 9.5%.
That is higher than the regular banks right now. How much interest bank gives to the users? Some gives less than a percent annually and there are some who has hidden charges. Also include inflation since its fiat.

I mean there is nothing wrong and nothing laughable with staking coins? Its like holding a stock that gives you dividends. The concept is the same but with different asset only. Why we are doing this? Hmmm maybe because we want passive income? I'd like to invest it into staking coins though than putting it in my bank account LOL.

Exactly. Staking crypto is so much better than just saving your money at a bank. Of course, the risks of loss would be higher with staking than all the other way around. It all depends on what you want to do with your money. I'd choose staking over saving anytime since it's very lucrative in the long run. Most cryptocurrencies reach higher prices over time, so your profits will be even bigger in the future. As long as you don't put all of your eggs in one basket, you'll have nothing to worry about. Just my opinion

[$anounimus$]

Staking is still too complex and difficult a process for the average user. The lack of proof-of-staking, or the actual rewards provided, is what holds people back at this point. While this may very well change in the future, right now it is unlikely that a large number of users will adopt staking as a primary way to earn passive income outside of just sitting on their tokens. Investing on your own requires knowledge, self-control, and the ability to stay away from stress.

[barbara44]

It makes sense for me, I mean it looks like a profitable thing, staking could be something that we could do just to earn a good side income. Passive income is something that we as humans keep looking at all the time. The idea of "you will not work, you will sleep and eat and have fun, while you still earn money" is just something unreal to us and staking provides exactly that. As long as it exists, there will be many people who will invest, and as long as it continues to give some returns, there will be hype about it as well. I have some Cake that I stake, and I will probably never sell that unless Cake crashes to under 2 bucks.

The main problem with staking is that, you are getting something that has inflation, but others do have it too, so you have to calculate how much it is. For example, bitcoin does have inflation, newbitcoins are mined constantly, hundreds of them everyday, tens of millions of dollars worth of bitcoin printed every single day.

But that is eaten up in the market because of how high our volume is, and it is not that important, and the inflation is very little there. Whatever you are staking, if it is decent and not a lot and can't be really hurting its financials, then it is fine, but if it is printing too much then we are going to end up with a high inflation for that token and it could cause a problem.

[Lunafox]

Now staking is very popular because it requires to earn more income. Especially staking popular when market rise. But a lot of depends on the projects. Now appear a lot of projects that offer many useful things and products like this https://twitter.com/InpulseX_io/status/1511365325950005252

Now many projects use staking to allow their users to earn passive income.
Staking allow to earn money and unite the community around the project.

Staking is profitable when cryptocurrency market rise but when market falls the price of staking falls too and the income from staking does not help.

[Cadaver20]

Staking is profitable when cryptocurrency market rise but when market falls the price of staking falls too and the income from staking does not help.

When the cryptocurrency market falls, the price of your stake coins can go down a lot. Even a small amount of passive income can be the reason for your huge loss. Then you will not have to do much because your assets will be locked for a certain period of time.

[SafeSpaceCrypto]

Now staking is very popular because it requires to earn more income. Especially staking popular when market rise. But a lot of depends on the projects. Now appear a lot of projects that offer many useful things and products like this https://twitter.com/InpulseX_io/status/1511365325950005252

Staking is profitable when cryptocurrency market rise but when market falls the price of staking falls too and the income from staking does not help.

Many people use staking because staking of profitable and allow to earn passive income.
But not all staking projects are profitable and it is important to carefully choose the projects for staking.

[MiF]

How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.

Well i think staking is good you can earn in staking buy holding the coins on some staking platform,try to stake an altcoins and you will see a big return example is the cd3d coin and there are also so many coin you can choose an altcoins instead of usdt i think it depends on the coin you hold and the staking platform you choose.

[Abiky]

Staking is still too complex and difficult a process for the average user. The lack of proof-of-staking, or the actual rewards provided, is what holds people back at this point. While this may very well change in the future, right now it is unlikely that a large number of users will adopt staking as a primary way to earn passive income outside of just sitting on their tokens. Investing on your own requires knowledge, self-control, and the ability to stay away from stress.

Of course. Staking is not for everyone, especially when there's some level of technical knowledge required when doing such practice. There are a lot of risks involved, so staking only makes sense to those who have some spare money willing to lose it at some point in the future. With volatile market prices and fluctuating interest rates, some people may prefer to save money at a bank instead. If you're willing to take risks, then I'd recommend staking over saving money at a bank anytime. I've been staking for 3 years now and have obtained great results. Stablecoins are usually the most profitable especially when the Blockchain in question has low transaction fees.

By investing a small portion of your money every week on "De-Fi" apps, you can build a nice passive income system that will last for years. As long as you don't invest more money than what you can't afford to lose, you'll have nothing to worry about.

[lizarder]

How do people even enjoy staking their coins and tokens? I'm confused, yesterday I tried to stake some amount of stable coin aka USDT on Binance Exchange and it is worth 1000$ but the return on this in a year is 95$ lol, I laughed so hard that I almost flipped my laptop, why the heck people doing this?.

Well i think staking is good you can earn in staking buy holding the coins on some staking platform,try to stake an altcoins and you will see a big return example is the cd3d coin and there are also so many coin you can choose an altcoins instead of usdt i think it depends on the coin you hold and the staking platform you choose.

basically everything really depends on how we use it, there are many altcoins available in the market, so it gives us choices to choose, as well as the existing platforms, the problem is when there are many choices, but we can't choose the best one, the return really depends on how we start investing, if the investment is good, then we will also receive a perfect return

[Angry_Kitty]

Now staking is very popular because it requires to earn more income. Especially staking popular when market rise. But a lot of depends on the projects. Now appear a lot of projects that offer many useful things and products like this https://twitter.com/InpulseX_io/status/1511365325950005252

Many people use staking because staking of profitable and allow to earn passive income.
But not all staking projects are profitable and it is important to carefully choose the projects for staking.

Staking make sense when cryptocurrency market rise and people earn money on staking.
But when market falls the profit from staking does not compensate the lose from fall the price.

[Daniel347]

[ Staking make sense when cryptocurrency market rise and people earn money on staking.
But when market falls the profit from staking does not compensate the lose from fall the price.]
[/quote]

Yes Indeed, that why we need a good staking platform that has a back layer for backing up the price.
so it is very important to keep the price up or at least make the  price stable.

cheers !

[Blowon]

Staking has a portion and consideration that has been prepared from the features on the platform, of course the better the coins that are staked the less reward you get besides the place where you staking also affects your income. So do you want a bigger payoff than that? Of course you can, but the risk is also big, you can try the DeFi feature, namely Yield Farming, they are quite good in big income but the risk is very high. Staking with $1000 to earn $98 in a year I think that is the rule of the place where you are staking.

[jahepahit]

you shouldnt expect anything higher than that except you want to give your funds for vanishing. usual banks cant even do closer to that. try with big funds and see what the return will be. and you know what, a year will be done like a flash because your mind wont be there at all.

[Lagduf]

if you try staking a more volatile altcoins you could get tremendous return of investment that of course also being accompanied by greater risk of losing your investment.
honestly if it’s staking stablecoin you should never expect anything big out of it because there are literally thousands of people that are intending in staking their stablecoin just filling the void that they have in holding
an altcoin without being somehow productive.
most of the time, if you really wanna seek real profit you should go with staking a newly founded altcoins they usually have great reward waiting for you but of course as I said earlier greater APY means greater risk as well
so the decision in term of staking and risk management is yours.

[gurunanakji777]

I feel if you invest in the BTC or Ethereum you would in much more profit as compared to just 95$ in a year but staking is not for everyone. USDT staking is the safest staking. Those who don't want to take risks to hold their money in the USDT so they enjoyed little amount also from the staking and staking with little amount is not useful in my opinion. The big investors makes huge profit by investing huge money in the staking So staking is more beneficial for big investors.