Does staking even make any sense

[kapalmabur]

If you invest in stablecoins and want to get big profits then the capital you have to spend must also be large because the price changes that occur in stablecoins are not so big so don't be surprised if the profit you get is small, to invest in the long term then you just hold the potential coins so that the profit you get will be satisfactory later.

I don't think hoping to make big profits by investing in stable coins doesn't seem like the right decision,
it's better to invest in the top coins and it's more worth it although indeed with the current conditions we need to be patient,
But regardless, everyone has their own considerations and decisions

[Buakaw_Club]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Now all the projects have staking, so investors have a big choice of different projects. But first of all project must be useful for people and have a big community to survive and bring profit to its investments.

Staking allow earn passive income. That is why it is so attractive. Many projects use staking and investors have a big choice. But it is very important to choose the projects that are really useful and in demand.

[indo1]

Safe staking of course returns less income. I guess if you want to get bigger returns from staking stable coins on trusted exchanges , you can put your capital in farming feature in DeFi . They are faster to produce but you have to be prepared with your risk. Big profits usually have a high risk.

[posi]

The interest rate 9.5% and you think is too little, you try to hold a bank deposit to see how much interest they will pay you in a year, not taking into account the ongoing inflation for fiat.
Staking is one of the ways to generate passive income for those who do not have too much time to trade or invest in potential projects. Nothing embarrassing and funny here, if you can afford to turn that 1000$ into 10k$ or 100k$ then you better not bet and use your knowledge to make it like you would like. If you want to make more profit, you should use your knowledge and skills instead of expecting someone to give it to you.

[adzino]

Staking does not seem to make sense because there are those who give apy up to thousands of percent, always alert to staking like this because it has the opportunity to be a scam, better staking in the top exchanges that has been proven from the security side because the case of hack wallet, especially from the BSC network is increasingly massive.

Those coins has no actual value. Coins that have more than thousand percent in APY means they have extremely high supply. Hence, the value of those coins isn't much. You might be receiving hundreds of those coins everyday as a reward for staking, but I bet the value of those coins isn't even more than a cent.

There are various other coins that give good APR as compared to USDT. If you do Staking with less money then you will get such results so do with a bigger amount then you will get a good amount in return. In my opinion, Staking is good for big players. Staking a small amount gives you a meager return it's worth for a big investor. Apart from this if your country bank is giving you more interest than this you can keep your money in the bank and get a good return from the bank otherwise staking is not bad.

Isn't it better to stake than to just hold it in your wallet? There are coins where you can stake without locking/losing access to the coins.

[Bitstar_coin]

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?.

I believe it depends on the coin or token you are staking and most importantly the amount because you don't expect someone staking $1000 and someone staking $10,000 to get the same returns in a year however, I also believe that it also might depend on the staking site or exchange you are staking on, this site listed their 9 Best Crypto Staking Platforms in 2022

and Here, I particularly like how the sites were rated according to "best in what"

At the end of the Day, you have to do the due diligence and understand what every platform presents and what you are looking for in staking your crypto assets.

Interesting list of known staking platform, this will make it easier to narrow down the search and pick the one that best suit the staking needs. Blockfi is going through some phase at the moment and it seems ftx is closing in on securing the platform, this could change the mode of operation so it would be best for anyone who have the intention of using them to hold back a bit for clarity what will be the new mode of operation before any form of deposit.
And I should add that staking is good imo especially in bear market where you find your portfolio to have completely lose about - 80 of it's original value, it is better to stake those crypto assets to gain more additional coins than just hold in your wallet without gaining anything back. Just my personal opinion on this.

[dlightag]

Staking is mainly for Big Boys in the game, by using high amount to stake like $20,000 worth of USDT or more, which you see the difference from $1000, secondly, in staking of coin need to understand the calculation and also the duration period of the coin being locked after a period of time, before released date.

[Abco]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Now all the projects have staking, so investors have a big choice of different projects. But first of all project must be useful for people and have a big community to survive and bring profit to its investments.

Fall of the market is the best time to buy the tokens of new projects for the best price. But not all the projects will be able to survive during the fall of the market. That is why it is very important to evaluate the potential of the coin before investment.

[Pelana vreo]

I think it makes sense, you won't see such annual interest in the bank, if you want big profits trade and don't staking, there are many profitable betting platforms, you can try them and choose % bet as per your wish, but Staking is usually restricted by the number of pools, the more users, the smaller the income.

[antsam]

With almost 10% interest it is very profitable greater than bank deposits which are even taxed. So why be confused? Staking is an option for people who have idle crypto funds who don't want their funds to be eroded by inflation. Staking actually makes the crypto world even more excited

[fuguebtc]

With almost 10% interest it is very profitable greater than bank deposits which are even taxed. So why be confused? Staking is an option for people who have idle crypto funds who don't want their funds to be eroded by inflation. Staking actually makes the crypto world even more excited

Interest rate about 10% / year is a high interest rate, in real life we will not be able to find such an interest rate in any bank.
Staking is a form for people who have idle money, large amounts of money, but for some reasons such as not having trading experience, they choose stakes to find a source of passive income. Although not as profitable as trading, it is safe and does not take too much effort.
If OP wants high profit you should learn how to trade, it can make a lot of profit if you are really smart.

[Corsac]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Fall of the market is the best time to buy the tokens of new projects for the best price. But not all the projects will be able to survive during the fall of the market. That is why it is very important to evaluate the potential of the coin before investment.

The most important is to evaluate the potential of the coin especially during the falling market because not all the projects will be able to survive during the fall of the market.

[Desmong]

Staking can make lots of sense when the aim is to stake for a long period of time. Staking is the same thing like holding your coins but with interest and we have different types of staking depending on what we really interested in. There are staking for a year and there's are ones for 6 months, 3 months, amd one month depending on what we care about. I prefer staking my coins now that the market is down with better APR.

[Iyeman]

Staking can make lots of sense when the aim is to stake for a long period of time. Staking is the same thing like holding your coins but with interest and we have different types of staking depending on what we really interested in. There are staking for a year and there's are ones for 6 months, 3 months, amd one month depending on what we care about. I prefer staking my coins now that the market is down with better APR.

Staking is definitely better than holding long term and letting the investment did nothing, after all if it's waiting for the coin having value increase, staking could definitely helps make gain a little in term of the investment.
So basically it depends, if the investment is gonna be for long term holding, staking definitely makes a lot sense since it's just waiting.

[SaveOurSea]

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?.

staking is not a good thing, because in a bear market like this staking will make your capital run low, and even run out,
because staking only makes your coins more and more, but we must know that staking only gives us a few percent,
not up to hundred of percent. so better trade.

[helloinox]

Staking can make lots of sense when the aim is to stake for a long period of time. Staking is the same thing like holding your coins but with interest and we have different types of staking depending on what we really interested in. There are staking for a year and there's are ones for 6 months, 3 months, amd one month depending on what we care about. I prefer staking my coins now that the market is down with better APR.

Staking is definitely better than holding long term and letting the investment did nothing, after all if it's waiting for the coin having value increase, staking could definitely helps make gain a little in term of the investment.
So basically it depends, if the investment is gonna be for long term holding, staking definitely makes a lot sense since it's just waiting.

But then you have to take into account that staking also carries risks. Sites you let it stake can get to problems over long term of staking. They might be too stupid and invest in a failed project and can not pay back your promise staking reward.

[Baimovic]

staking is not a good thing, because in a bear market like this staking will make your capital run low, and even run out,
because staking only makes your coins more and more, but we must know that staking only gives us a few percent,
not up to hundred of percent. so better trade.

If we compare it with trading, it's better to make a profit but when we decide to invest long term then investing is the right step even though when the bear market arrives the value of the coins we hold decreases but we still get additional coins from staking the results we do are as long as the coin what we are staking is not shitcoin but coins that have a high rank and the potential for price increases is also fast even though the APY given is small but if we staking in large quantities then it can be passive income.

[KaliLinux]

Staking can make lots of sense when the aim is to stake for a long period of time. Staking is the same thing like holding your coins but with interest and we have different types of staking depending on what we really interested in. There are staking for a year and there's are ones for 6 months, 3 months, amd one month depending on what we care about. I prefer staking my coins now that the market is down with better APR.

Staking is definitely better than holding long term and letting the investment did nothing, after all if it's waiting for the coin having value increase, staking could definitely helps make gain a little in term of the investment.
So basically it depends, if the investment is gonna be for long term holding, staking definitely makes a lot sense since it's just waiting.

But then you have to take into account that staking also carries risks. Sites you let it stake can get to problems over long term of staking. They might be too stupid and invest in a failed project and can not pay back your promise staking reward.

Yes this can be true and that is one of the things people get scared of the most in staking where the site can have whatever problem and you are unable to withdraw your crypto assets but some other sites like MyCointainer allows you to delegate coins to their nodes and earn rewards while your coins are still in your wallet.
In staking, I believe investors have to look at some parameters about the staking site beyond just the reward you will get and besides, if you aren't really a good trader then staking is the other good option while HODLing your assets for the long term.

[Bertyda]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

The most important is to evaluate the potential of the coin especially during the falling market because not all the projects will be able to survive during the fall of the market.

Not all the projects will be able to survive during the fall of the market, that is why fall of the market is very risky time for investment.

[DeFi Doge]

Staking is very important for all the project because it allows to earn more passive income but the project but itself must be useful and bring something new to people like https://twitter.com/ImmobiliumInc/status/1541555357524312065

That is why it is important to carefully evaluate the potential of every project.

Not all the projects will be able to survive during the fall of the market, that is why fall of the market is very risky time for investment.

Staking allows to have passive income but it will allow to have the passive income only if project is useful and the price of the tokens will continue to grow in the future.