Does staking even make any sense

[Lantind]

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?.

The question is simple, you fight when the conditions are not right, plus you don't see which coins are worth betting on, a year is a long time for an investment, if you hold the wrong coins, then the risk you accept is exactly what you experienced, choosing the right coin is a way to maximize profits, although sometimes it doesn't always happen according to expectations, it is very important to analyze the coins we want to invest

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[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

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.

Yes, that's right Staking is a safe way to play crypto with much higher interest than deposit rates at conventional banks. Instead of having the money consumed by inflation and small interest, it's better to exchange it for crypto and just staking it

[cheezcarls]

For me staking is a double edged sword. There are no guarantees or promises that you’ll make a profit with staking because these tokens are still subject to market volatility even if you have gained interest in the tokens itself for a certain period of time and not the price itself due that it’s so unpredictable.

The token that I consider to be decent in staking at least is AXS, but again it cannot give us promises in profits despite the number of users trading it in the market or using it for breeding in Axie Infinity. Because of the SLP going down and players are declining, it’s gonna be uncertain. Same thing for the other tokens out there like CAKE, etc., that are into staking.

[ledu_ico]

The sence comes in from
1. The amount of token you stake
2. The project which you stake on

Give a try with $LEDU and have no regrets
https://twitter.com/eduecosystem1
https://t.me/ledu_token
https://ledu.educationecosystem.com/

[hashrateproducts]

Staking do make clear sense because it's one of those things that reduce risks and lose in Crypto space. Traders look forward to staking, even myself prefer staking than trading. Perhaps it's still risky doing both trading and staking, some tokens might come out to be less Profits while some tokens pumps massively. Staking is not 100% guranteed that you would make enough Profits after all, it still depend on the volatility of the market, now that the market is bad because of the recent bearish and dumps going on with coins, same thing will also apply to staking.

[Teraboy]

Staking very popular and in demand when cryptocurrency market rise. During the rise of the market many people earn more income for staking but whey cryptocurrency market falls many people stop staking and sell their assets.

If the staking reward less than the loss caused by the massive volatility I guess that makes a lot more sense instead of staking, staking is great if the trend lean towards rally otherwise most of the time the APY that you were offered doesn't really surpass the inflation that is caused by the current trend.
so basically only staking if the trend is bullish.

[AmoreJaz]

Staking very popular and in demand when cryptocurrency market rise. During the rise of the market many people earn more income for staking but whey cryptocurrency market falls many people stop staking and sell their assets.

If the staking reward less than the loss caused by the massive volatility I guess that makes a lot more sense instead of staking, staking is great if the trend lean towards rally otherwise most of the time the APY that you were offered doesn't really surpass the inflation that is caused by the current trend.
so basically only staking if the trend is bullish.

also, better stake coins that are promising or has the possibility to increase their value over time. because if not, you will just lose in this process. some people are into this earning type because some are just waiting for the right time to sell off their coins. while waiting, why not increase the number of your coins, right? but definitely, not all staking coins are worth waiting.

[Fatunad]

Staking very popular and in demand when cryptocurrency market rise. During the rise of the market many people earn more income for staking but whey cryptocurrency market falls many people stop staking and sell their assets.

If the staking reward less than the loss caused by the massive volatility I guess that makes a lot more sense instead of staking, staking is great if the trend lean towards rally otherwise most of the time the APY that you were offered doesn't really surpass the inflation that is caused by the current trend.
so basically only staking if the trend is bullish.

also, better stake coins that are promising or has the possibility to increase their value over time. because if not, you will just lose in this process. some people are into this earning type because some are just waiting for the right time to sell off their coins. while waiting, why not increase the number of your coins, right? but definitely, not all staking coins are worth waiting.

Not really that worth if we do  talk about future gains because it would be better if you do trade it up actively which you could earn more than on the percentage that you could earn on Staking.
Considering it do offers 10-12% APY or lesser but it wont really give out assurance since coin value does decrease which means it is really on high risk that you wouldnt really able to gain on
year time.So proper planning and choosing of coin  is really that much needed or relevant on doing so. There are still people who are really that fan on engaging into Staking
and some doesnt really get some interest or consideration on touching up this area because it isnt really just worth.

[CryptoBuds]

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.

Staking it helps you to increase the number of coins you hold instead of holding your coins will not increase. Staking is a good solution, choosing a safe stake platform is crucial, or else your assets will not fly.

Instead of holding in a bear market, stake is the solution to increase the number, but you have to determine a long-term holding strategy, because when you stake your coins will be locked for 3 or 6 months so you won't be able to sell your coins if the market suddenly recovers or you need cash.

[Pamadar]

Staking very popular and in demand when cryptocurrency market rise. During the rise of the market many people earn more income for staking but whey cryptocurrency market falls many people stop staking and sell their assets.

If the staking reward less than the loss caused by the massive volatility I guess that makes a lot more sense instead of staking, staking is great if the trend lean towards rally otherwise most of the time the APY that you were offered doesn't really surpass the inflation that is caused by the current trend.
so basically only staking if the trend is bullish.

also, better stake coins that are promising or has the possibility to increase their value over time. because if not, you will just lose in this process. some people are into this earning type because some are just waiting for the right time to sell off their coins. while waiting, why not increase the number of your coins, right? but definitely, not all staking coins are worth waiting.

Indeed, there are some that really give decent benefits after some time of holding it

but not all can be productive and the problem with the value is always the big question, you need to really
take time in sorting everything before you make your investment, staking coin is passive as long as your willingness
to wait is on you, it takes time so better to have longer patience.

[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.

Staking allows to earn passive income that is why it is so popular.
But now it is very dangerous time for all cryptocurrency projects because all market falls and staking becomes not so profitable.

For projects with staking it is necessary to survive during the fall of the market. That is why it is necessary to check the development of the projects during the fall of the market. Not all the projects will be able to survive during the fall of the market.

[batang_bitcoin]

Staking do make clear sense because it's one of those things that reduce risks and lose in Crypto space.

Risk is reduced because that you don't have to be active at all. But it's still there and the market will still have the effect whether it'll be positive or negative (moving up or down).

Traders look forward to staking, even myself prefer staking than trading.

It is because anything that earns us money, we'll take that chance and opportunity even it's that low.

Perhaps it's still risky doing both trading and staking, some tokens might come out to be less Profits while some tokens pumps massively. Staking is not 100% guranteed that you would make enough Profits after all, it still depend on the volatility of the market

That's so true, the market as I've said will still have that reaction whether we're trading or staking.

now that the market is bad because of the recent bearish and dumps going on with coins, same thing will also apply to staking.

But what's good with staking is that you actually gain in coins without doing anything and btw, you can compare the rates that mycointainer has to other staking platforms that you're aware of.

[raidarksword]

In bearish market we have right now, staking is the best to earn while holding up your tokens or coins in exchange of little effort or even doing nothing at all. If you don't have plans to sell these times, then you might wanna stake your tokens/coins to earn more from it. It all depends the APR you wanna stake into and also depends on what coins or tokens.

[RussiaUkraineTranslation]

In bearish market we have right now, staking is the best to earn while holding up your tokens or coins in exchange of little effort or even doing nothing at all. If you don't have plans to sell these times, then you might wanna stake your tokens/coins to earn more from it. It all depends the APR you wanna stake into and also depends on what coins or tokens.

I agree that staking is the best way to make money in a bear market but I suggest people stake on decentralized platforms like MAXX Finance or Alchemix instead of staking on a centralized platform that can get hacked, lock, or steal your funds.

[sulendra12]

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 mean yea.


Pretty sure people don't even use staking for a way to actually earn some "decent" money, yea it's giving you something in return but hoping for something big return with that amount of money? You would probably dreaming. On other coins, you would get lesser reward than this stable coin so I guess it's a win for you. They also don't even bother to check it regularly lol, just keep it there and leave it for few more years.

[add1ct3dd]

Staking it helps you to increase the number of coins you hold instead of holding your coins will not increase. Staking is a good solution, choosing a safe stake platform is crucial, or else your assets will not fly.

Instead of holding in a bear market, stake is the solution to increase the number, but you have to determine a long-term holding strategy, because when you stake your coins will be locked for 3 or 6 months so you won't be able to sell your coins if the market suddenly recovers or you need cash.

Your coins will increase in number but the only downside is that it can take so much time to happen. Not only 3 to 6 months but I think there's also 1 year or more that I saw. If you will simply hold your coins, you can still earn a profit when the price rises and you can sell your coins the moment that happens or even anytime you like. If our goal is to simply increase the number of our coins then we can simply buy them in the market using our own fiat. We can save so much time with that.

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?.

Enjoy? Although staking is still a gambling because money is at stake here but it's not similar to playing gambling in a casino where you can enjoy. I think a 95 usd return is a lot better than what you can get on a bank when you keep the same amount of money for a year. No is forced to do staking so if you don't like it then simply ignore it.

[Artik_Finance]

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.

For projects with staking it is necessary to survive during the fall of the market. That is why it is necessary to check the development of the projects during the fall of the market. Not all the projects will be able to survive during the fall of the market.

Staking always makes sense because it allows to earn passive income.
But during the fall of the market staking is unprofitable but after the fall of the market will be the rise of the market.
It is necessary just to wait.

[Angry_Kitty]

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.

Staking always makes sense because it allows to earn passive income.
But during the fall of the market staking is unprofitable but after the fall of the market will be the rise of the market.
It is necessary just to wait.

Now competition between cryptocurrency projects is so high that is why it is very important to attract attention to the project to have more users and increase the liquidity of the platform.

[Wong Gendheng]

In my opinion, there are many staring programs that don't make sense, they dare to give hundreds or even thousands of percent, of course their hopes are to make investors continue to hold, but after I followed some staking that gave APY very high but the risk of the coin drop was very high.

[d3nz]

In my opinion, there are many staring programs that don't make sense, they dare to give hundreds or even thousands of percent, of course their hopes are to make investors continue to hold, but after I followed some staking that gave APY very high but the risk of the coin drop was very high.

Actually, It will depend on what altcoin you are holding and to stake on the website. The best choice to a stake is those tokens that are under the top 50 and of course you need to check first the market cap, volume, and supply.

And for me, choosing the best altcoin to stake are BNB, AXS, and KCS.