Lubang Bawah
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April 17, 2022, 06:56:27 AM |
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Do people here put a ton of money staking stablecoins in sites like nexo, celsius, gemini etc?
Staking in my opinion is more promising than internest banks, and for almost a year I have been actively staking with several major coins such as BNB, MATIC, Stable coins and so on, and for stable coins I use for staking altcoins and from the list is Celsius, besides that I also use for staking new altcoins because it provides a large APR up to more than 100%.
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Kimonoe
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April 17, 2022, 08:28:16 AM |
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for me staking is more profitable than bank interest. bank interest is focused on saving in fiat currency, where the interest rate is not proportional to the increase in inflation. This is different from staking, where we get coins and if the price goes up, the profit will exceed inflation in fiat currency, but it also carries a greater risk, because high fluctuations can make us lose money if we sell when the price drops.
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LastKiss
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April 17, 2022, 09:55:38 AM |
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for me staking is more profitable than bank interest. bank interest is focused on saving in fiat currency, where the interest rate is not proportional to the increase in inflation. This is different from staking, where we get coins and if the price goes up, the profit will exceed inflation in fiat currency, but it also carries a greater risk, because high fluctuations can make us lose money if we sell when the price drops.
Staking and Bank interest from my perspective for Stable Token is not that much different but I agree when it comes to a coin/token because when the price increase we will get double profit, I really enjoyed staking because I don't need much effort to earn more coin/token that I invested. If you want lower risk just go for a stable token because it's got a stable price with steady rewards.
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barbara44
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April 17, 2022, 01:58:10 PM |
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Staking if you are holding for long term. But you should keep in mind about the volatility. You might get a 10% APY, but if the price of the coin falls by 20%, you lose 10% (if you sell. You don't lose anything if you don't sell). Bank interest gives you flat interest and the fiat currency isn't volatile. So you don't have to worry about your money in short term. But don't forget about the inflation. Your savings account will give you an interest between 1% to at best 3%, but the inflation in the long run leaves you with no profit/interest. Instead you will be losing money if you keep your funds in the bank for a long period of time. Worse if your country is facing hyper inflation.
I agree with staking as well. Volatility is one thing to keep in mind when you are staking and that is a scary thing. However, the banks are even scarier because they offer you "usually" less than what the inflation rate is. Look at the inflation rate in your nation and look at what the interest rate is, I can 100%guarantee you that it is almost always lower. It means that even though your money goes up, that means your profit doesn't go up and even though the amount looks higher, the value of that amount is lower. This is why bank savings means that it has nothing to do with profiting, you are actually losing money when you think you are earning.
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CaVO32
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April 17, 2022, 08:40:11 PM |
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Staking if you are holding for long term. But you should keep in mind about the volatility. You might get a 10% APY, but if the price of the coin falls by 20%, you lose 10% (if you sell. You don't lose anything if you don't sell). Bank interest gives you flat interest and the fiat currency isn't volatile. So you don't have to worry about your money in short term. But don't forget about the inflation. Your savings account will give you an interest between 1% to at best 3%, but the inflation in the long run leaves you with no profit/interest. Instead you will be losing money if you keep your funds in the bank for a long period of time. Worse if your country is facing hyper inflation.
I agree with staking as well. Volatility is one thing to keep in mind when you are staking and that is a scary thing. However, the banks are even scarier because they offer you "usually" less than what the inflation rate is. Look at the inflation rate in your nation and look at what the interest rate is, I can 100%guarantee you that it is almost always lower. It means that even though your money goes up, that means your profit doesn't go up and even though the amount looks higher, the value of that amount is lower. This is why bank savings means that it has nothing to do with profiting, you are actually losing money when you think you are earning. You have your security with your funds when you put it in banks. Whereas, with staking, it depends on the platform where you send your coins. How sure are you that they will not abandon the project? Good if for example, you are staking under binance. But with staking platforms offering high roi, I would doubt their longevity in the business. Also, you need to consider the coin you want to stake. Are they going to continue the increase of price or will its value decline after months and months of staking. There are pros and cons on both sides. Now, it is up to you how you will take those risks.
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RealMalatesta
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April 17, 2022, 09:52:38 PM |
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Do people here put a ton of money staking stablecoins in sites like nexo, celsius, gemini etc?
Staking in my opinion is more promising than internest banks, and for almost a year I have been actively staking with several major coins such as BNB, MATIC, Stable coins and so on, and for stable coins I use for staking altcoins and from the list is Celsius, besides that I also use for staking new altcoins because it provides a large APR up to more than 100%. I agree that staking could be bringing more money but it also makes sense, why? Because when you are staking in many different coins, you are actually creating that coin, when you put money in the bank they give you money that they do not have at that moment but calculate that they would, so they use your money to go out there and earn money and come back and give some of it to you. In staking it is not like that, like for example Cake staking means you are creating those coins, just like miners use equipment to mine bitcoin, you use your cake to create more cake. This is easier and the return makes sense because of it, BNB or stable ones are a bit more closer to banks.
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777Jolami
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April 18, 2022, 12:43:41 AM |
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Passive income is increasingly popular in recent times, especially for cryptocurrencies. These staking investments usually offer a higher return than the bank rate if we have the knowledge, experience, time and research to bet on good stable coins. In my opinion, high returns always come with great risks, and if something is 100% safe it is not a good chance even if you deposit money in the bank.
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bussybuddy
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April 18, 2022, 01:43:25 AM |
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Yes, this makes perfect sense if you have exposure to this market. If bank interest rates are different in different localities, we can accept that we are satisfied with that understanding, but if we have a certain amount of financial knowledge, we can completely look for other ways to make sure. Secure assets as well as create better profits when we can completely stake and earn better profits. But each has its own limitations, and privacy issues in this market are still a barrier for newcomers to access, but at a basic level, I don't think there are any. There is nothing to worry about because I myself only have a small amount of money to participate in the market.
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Marvell1
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April 18, 2022, 04:02:42 AM |
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Staking if you are holding for long term. But you should keep in mind about the volatility. You might get a 10% APY, but if the price of the coin falls by 20%, you lose 10% (if you sell. You don't lose anything if you don't sell). Bank interest gives you flat interest and the fiat currency isn't volatile. So you don't have to worry about your money in short term. But don't forget about the inflation. Your savings account will give you an interest between 1% to at best 3%, but the inflation in the long run leaves you with no profit/interest. Instead you will be losing money if you keep your funds in the bank for a long period of time. Worse if your country is facing hyper inflation.
I agree with staking as well. Volatility is one thing to keep in mind when you are staking and that is a scary thing. However, the banks are even scarier because they offer you "usually" less than what the inflation rate is. Look at the inflation rate in your nation and look at what the interest rate is, I can 100%guarantee you that it is almost always lower. It means that even though your money goes up, that means your profit doesn't go up and even though the amount looks higher, the value of that amount is lower. This is why bank savings means that it has nothing to do with profiting, you are actually losing money when you think you are earning. You have your security with your funds when you put it in banks. Whereas, with staking, it depends on the platform where you send your coins. How sure are you that they will not abandon the project? Good if for example, you are staking under binance. But with staking platforms offering high roi, I would doubt their longevity in the business. Also, you need to consider the coin you want to stake. Are they going to continue the increase of price or will its value decline after months and months of staking. There are pros and cons on both sides. Now, it is up to you how you will take those risks. Both have advantages and disadvantages. The biggest risk of staking is choosing a reliable project to place an staking is not easy. Choosing a coin to stake it is like we have to research, screen and monitor a project for us to invest in. If that coin keeps falling in price, cannot even survive a period of development. It's quite normal for us to lose. Bank savings obviously our money will be more secure but in the long run our money also depreciates because of inevitable inflation.
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Haunebu
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April 18, 2022, 05:04:45 AM |
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Some of your statements make zero sense op. For example, I know many FIAT savings programs that guarantee 6-8 % interest per year depending on where you live, your age etc.
These savings programs are offered by extremely reliable banks which is why the risk factor is effectively zero. Staking is a great alternative, but the risk factor is definitely higher in comparison due to reasons like volatility etc.
If you are interested in staking, I would stick to reliable cryptocurrencies even though the interest per year is on the lower side to reduce the risk factor.
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Sir Legend
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April 18, 2022, 10:28:09 AM |
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The bank interest I get in my country is currently not more than 8% per year, the central bank provides low interest because it hopes that many entrepreneurs will invest by borrowing from banks, this is certainly not profitable if we save in banks and it is better to invest in cryptocurrencies then use for staking, some DEX provide very large APY up to hundreds of percent so that it looks promising and prospective.
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Dr.Osh
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April 18, 2022, 10:58:45 AM |
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if the choice is between staking and bank interest, then I will probably choose bank interest. the reason is, bank interest has a low risk, and a definite profit. Although staking also has definite, and even greater, benefits, the risks are very high. it could be that the price of the coin drops, or suddenly the project becomes a scam, or a rugpull. we never know. Personally, in terms of profit, I always choose low risk. Therefore, I may prefer bank interest. it can be a savings that gives us income every month if we continue to increase our savings.
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Dunamisx
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April 18, 2022, 11:17:13 AM |
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Today, the most common way people seek to turn profit on their investments is with a savings account in a bank. Only the ignorant will have his money saved in the bank in place of an investment, i still wonder if some are still operating such using fixed deposit, that is an opinion for open door to be invaded by inflation because the value will depreciate with time and can't overcome the influence of inflation by then, moreover the rate in investment (ROI) issued by banks is no where to be talked about and as little as peanut. If you're a crypto investor, staking is a concept you'll hear about often. Staking is the way many #cryptocurrencies verify their transactions, and it allows participants to earn rewards on their holdings (aka the interest of cryptos). The interest a holder gets, depends a lot of the crypto itself. It can go from 5% till much higher returns. Don't be surprised that as sweet as the ROI on the cryptos has it corresponding risk attached, we have seen many with a good start but crashing along the way, there's no guarantee in them for a long term holding because the more it stays the riskier it becomes except for bitcoin.
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Joshapat
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April 18, 2022, 12:03:25 PM |
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Almost 5 years I have never had a balance of more than $2000k because bank interest is very low, there is no benefit if I save money in the bank, maybe those who have more than $10k will feel the bank interest, moreover investment choices are very diverse today and in the android application we can trade forex, staking or crypto trading which is more profitable than bank interest,
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Lanatsa
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April 19, 2022, 07:45:05 PM |
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Almost 5 years I have never had a balance of more than $2000k because bank interest is very low, there is no benefit if I save money in the bank, maybe those who have more than $10k will feel the bank interest, moreover investment choices are very diverse today and in the android application we can trade forex, staking or crypto trading which is more profitable than bank interest,
If you do really make yourself broaded up your mind on investment possible ways or possibilities on earning money or profits then you wont definitely consider bank interest since it wont really be giving out significant interest that you would able to feel out thats why people do mostly consider out finding other ways and this is where staking or even trading considered to be a good way on earning more profits but of course this is something that cant be simple for someone to engage without proper knowledge which there's a high tendency that you would really be fucked up instead.
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DVlog
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April 19, 2022, 08:01:13 PM |
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Do people here put a ton of money staking stablecoins in sites like nexo, celsius, gemini etc?
Staking in my opinion is more promising than internest banks, and for almost a year I have been actively staking with several major coins such as BNB, MATIC, Stable coins and so on, and for stable coins I use for staking altcoins and from the list is Celsius, besides that I also use for staking new altcoins because it provides a large APR up to more than 100%. There is some downside of staking in comparison to banks. If it is an altcoin you are staking the price of your initial investment will also surge with the whole market. That means you could gain additional altcoin but its price in USD could fall below your initial investment. This won't happen with banks because of stable fiat currency. Also if you are providing liquidity then you should know about impermanent loss too.
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Pujangga
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April 20, 2022, 06:39:06 AM |
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It can't be denied that staking is the most profitable technique today, with staking we can get big profits and even many projects that offer APY of up to thousands of percent, and bank interest is currently very unprofitable because it only earns interest of less than 1% per month.
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aditasetia123
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April 20, 2022, 06:59:50 AM |
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There is some downside of staking in comparison to banks. If it is an altcoin you are staking the price of your initial investment will also surge with the whole market. That means you could gain additional altcoin but its price in USD could fall below your initial investment. This won't happen with banks because of stable fiat currency. Also if you are providing liquidity then you should know about impermanent loss too.
staking our altcoin maybe more suitable for long term purpose which is less volatility price and rise steadyly , maybe atleast 1 or 2years we will got two benefits from its APY and also price increase. moreover if there any stakedrop program that usually in cosmos ecosystem, more benefits we will got It can't be denied that staking is the most profitable technique today, with staking we can get big profits and even many projects that offer APY of up to thousands of percent, and bank interest is currently very unprofitable because it only earns interest of less than 1% per month.
you must also recgnized market volatility too, dont ever you get huge apy but in total amount impermanent loss due some reason.
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nur rochid
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April 20, 2022, 07:31:55 AM |
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Do people here put a ton of money staking stablecoins in sites like nexo, celsius, gemini etc?
Staking in my opinion is more promising than internest banks, and for almost a year I have been actively staking with several major coins such as BNB, MATIC, Stable coins and so on, and for stable coins I use for staking altcoins and from the list is Celsius, besides that I also use for staking new altcoins because it provides a large APR up to more than 100%. There is some downside of staking in comparison to banks. If it is an altcoin you are staking the price of your initial investment will also surge with the whole market. That means you could gain additional altcoin but its price in USD could fall below your initial investment. This won't happen with banks because of stable fiat currency. Also if you are providing liquidity then you should know about impermanent loss too. Staking does contain speculation as you have shown. So to do that, you have to understand the risks. if we can understand, then it is safe for us to stake on a trusted coin that is on the top board, even though when we get a staking coin the price drops, but one day it will come back again, it can even provide double profits. This is different from bank interest which is nominally small, and of course below the inflation that occurs
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kesmex
Full Member
Offline
Activity: 1110
Merit: 104
The OGz Club
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April 20, 2022, 08:11:04 AM |
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Do people here put a ton of money staking stablecoins in sites like nexo, celsius, gemini etc?
Staking in my opinion is more promising than internest banks, and for almost a year I have been actively staking with several major coins such as BNB, MATIC, Stable coins and so on, and for stable coins I use for staking altcoins and from the list is Celsius, besides that I also use for staking new altcoins because it provides a large APR up to more than 100%. There is some downside of staking in comparison to banks. If it is an altcoin you are staking the price of your initial investment will also surge with the whole market. That means you could gain additional altcoin but its price in USD could fall below your initial investment. This won't happen with banks because of stable fiat currency. Also if you are providing liquidity then you should know about impermanent loss too. Staking does contain speculation as you have shown. So to do that, you have to understand the risks. if we can understand, then it is safe for us to stake on a trusted coin that is on the top board, even though when we get a staking coin the price drops, but one day it will come back again, it can even provide double profits. This is different from bank interest which is nominally small, and of course below the inflation that occurs Everything must always have a risk, so it is very important that before doing anything, understand everything, including the risks. besides that we also need to know how staking works, because if without any preparation it will only make a loss
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