Does staking even make any sense

[Abiky]

Staking is for anyone that have too much money and they don't really need them so they could grow their money instead.
It definitely isn't carrying the same chance of return of investment like trading but it's quite safe investment alternative in case you just want to leave your money and let it grow.
Also, usually anyone that stakes have massive capital so they got higher return of investment, it's just matter of how much capital you have in getting greater ROI.

Exactly. Staking is more suitable for whales who have a lot of money to waste. But it's not for the average Joe like you and me. If you have the capital to stake long-term I'd say go for it. Unlike banks, PoS coins give higher returns per year. That entirely depends on the stake rates and current market price of the coin you're investing into.

I see many altcoins abandoning PoW in favor of PoS, so it's possible more people will get into the game with the hopes of getting rich quick. As long as you don't put all of your life savings into staking, you'll have nothing to worry about. Just my thoughts

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[LastKiss]

in the current bear market situation it looks like stake $1k USDT and get a return of $95 in one year is much better than holding bitcoins. just imagine if you have bitcoins worth $1k at ATH and are currently only worth around $200. sometimes something you think is bad can turn into good luck because crypto market conditions can change at any time.

Well if in a year Bitcoin price keeps steady at the price you calculated then that's worth it. Staking is much safer I think rather than go invest in a random new project in this bear market since many new projects end up being a scam project. In my opinion, staking is not bad at all in this bear market and the profit from there you can buy Bitcoin a little bit.

[KaliLinux]

in the current bear market situation it looks like stake $1k USDT and get a return of $95 in one year is much better than holding bitcoins. just imagine if you have bitcoins worth $1k at ATH and are currently only worth around $200. sometimes something you think is bad can turn into good luck because crypto market conditions can change at any time.

I think I agree with you here. Cryptocurrency investment involved deep analysis and I don't think most people do that. In this present state of the market where most people like to convert thair crypto assets to Stablecoins, wouldn't it be better to stake those and get some or even a little bit more than just hodling them on the same amount for a whole year?

[Pamadar]

in the current bear market situation it looks like stake $1k USDT and get a return of $95 in one year is much better than holding bitcoins. just imagine if you have bitcoins worth $1k at ATH and are currently only worth around $200. sometimes something you think is bad can turn into good luck because crypto market conditions can change at any time.

I think I agree with you here. Cryptocurrency investment involved deep analysis and I don't think most people do that. In this present state of the market where most people like to convert thair crypto assets to Stablecoins, wouldn't it be better to stake those and get some or even a little bit more than just hodling them on the same amount for a whole year?

It's not just an easy to go investment but more on doing your own research and study,

you can earn as much as possible, but the risk is also needed to note down since the volatility is always there. You can
use it as a reference to work deeper.

You need to set your plan and all the alternatives and not just quickly decide when the market is moving against your
current position, most of the time you will lose when you follow the kind of market.

[wmaurik]

Well if in a year Bitcoin price keeps steady at the price you calculated then that's worth it. Staking is much safer I think rather than go invest in a random new project in this bear market since many new projects end up being a scam project. In my opinion, staking is not bad at all in this bear market and the profit from there you can buy Bitcoin a little bit.

It's just another option other than holding on to the bear's current state, because it's clear that there's nothing to be hoped for by investing in new projects that end up going bad and getting nothing. Apart from Staking, I think for those who have extra cash or money that they don't use for other things it is better to make incremental purchases of Bitcoin for now.

[batang_bitcoin]

Exactly. Staking is more suitable for whales who have a lot of money to waste. But it's not for the average Joe like you and me. If you have the capital to stake long-term I'd say go for it. Unlike banks, PoS coins give higher returns per year. That entirely depends on the stake rates and current market price of the coin you're investing into.

I agree that the most that will benefit in staking are those with larger funds. But this doesn't mean that it's only limited to them, if you've got spare altcoins that can be staked and you'll just hold it, then it's better to stake it into a platform whom you trust. So while you hold it, you'll be adding quantity on it by just holding it as you stake rather than holding it alone.

Now all the markets falls. Stock market falls, the shares of IT project falls, gold falls too.
And where to invest money in such difficult financial situation?  

Of course bitcoin should be the first on the list. But if you're keen into staking, there are too many platforms out there to choose from. I've actually made a suggestion about it for example, you want to stake ETH.

1. Binance staking - custodial
2. Kraken - custodial
3. Bitcoin Suisse AG - custodial
4. Stake DAO - decentralized
5. StakeWise - decentralized
6. Guarda wallet - decentralized
7. ANKR - decentralized
8. MyCointainer - custodial and to know more about them
9. Cream Finance - custodial
10. Blox Staking - decentralized

[Godwinpaul]

I personally don't see staking 1,000$ for an annual return of 95$  as a bad idea, because the risk is less or completely absent. It would be way difficult to get such a deal without any risk. The best we can get in banks is less than 5% on savings. I recall in binance the staking on USDT is flexible, giving the opportunity to cash out immediately when in need of it.

[Miaallen]

Staking earning isn't really a means of earning for low income or low wallet balance stakers. It is for the whales who are massively rich and have nothing to do with the funds funds sill in there wallet or CEX account. The stake huge some of fund which makes the staking earnings will eventually amount to something nice at the end of the day.

[EmmaGod]

People have their own risk appetite and definition of abundance or little. The issue of staking rewards is purely based on the invested amount. The higher the invested amount the more the staked benefits and vice versa. It would be great to stake over 10,000$ as the rewards should be about $1,000 per annum.

[Jaered]

Staking stablecoins especially on established platforms like Binance yields very low returns, because the Annual Percentage Yield and Annual Percentage Rates are very low since they are not volatile(thus more people stake on it further lowering the APR/APY).You get more rewards from staking Liquidity Provider tokens of more volatile tokens or coins on lesser known platforms. I make about $100 per day on my cronos platform. Its choice and risk appetite

[mumang siat]

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?.

Lack of knowledge about stablecoins, so people make big mistakes, for example what you feel, a year the selling price can be quite large, stablecoins are not suitable to be kept, because it will be quite risky in the long term, usually we who are involved in bounty campaigns, always sell such coins after distribution is done, because if stored the price of the coin will follow quickly, there is no long term bet for atablecoins

[MarjorieZimmermanGinger]

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?.

What do you mean ?
whether the return you get is only $95 or the whole of the initial capital you have, because if $95 is a return that is not included with the initial capital, this is still very relevant, when compared to returns on coinmeme, many people do not understand the concept of investing in crypto, Many people think that big returns with a little capital are easy to do here, even though this is almost not the case

[bittraffic]

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?.

What do you mean ?
whether the return you get is only $95 or the whole of the initial capital you have, because if $95 is a return that is not included with the initial capital, this is still very relevant, when compared to returns on coinmeme, many people do not understand the concept of investing in crypto, Many people think that big returns with a little capital are easy to do here, even though this is almost not the case

$95 is close to 10% is very high actually. I don;t see why is isn't enjoying it. Imagine staking 100K and get $10K after a  year. We don't see banks offer this high. This is definitely a huge amount for just holding the stablecoin. And this is in binance, although this is not very recommended because the amount is not in your control, you still get to earn if the platform stays the same after a year.

There are platforms where your coins/stablecoins stays in your control while staking, that platform must be preferable.

[Morningstarr]

I have never done stacking. There are many reasons for this, One of which is that there is a shortage of money. It is better to stack the money and not reduce its value by leaving it in the bank. If you have a large amount of money to invest, stacking is not only profitable but also safe, especially if the stacking is done in a stable coin its So much the better because the chances of the project coming to an end or its cost going down are very low, Rather, it is equal to almost zero.

[rodskee]

Staking is suitable for those who are afraid to trade but want to make some profit. Because there is a risk of gain or loss in trading, so you have to be in tension all the time. And the losses from trading increases the tension. But staking does not have to take as much pressure as trading. So even though the profit is low, some people prefer staking.

actually it is for those who wanted a sure income and not seeking for High result , Staking is the safest lace where  to put our money but choose where to  stake and not in just anything that ask you to stake your money.

I Am staking till now in Binance , yes it is 10-30% income but at least I am sure that i will be having profit in at least 3-6 months a time.

[KaliLinux]

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.

[Mario Yamasaki]

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.

[Impact_Women]

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.

[Pamadar]

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.

Stable coin might move slightly but just like what you said, it can give small profits even you use a huge amount of capital.

Unlike with potential crypto, you can stake the coin while waiting for the value to rise high, It's depend from how you
Believe and trust the developer and how you see the progress that the team is bringing to the project. If you find that
fit then holding and staking can bring passive benefits.

[Gulf_Official]

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.