New to staking - is this worth it?

[Mr. Panda Pro]

Hi, I would say staking is not good if it has any restriction on you withdrawing your assets instantly.

If you can withdraw your staked asset instantly, go for it.

If not, you may lose more % than you will ever earn while staking your asset for a year.

To be honest, I'm thinking about staking too, but hearing what you're saying is a little scary. What kind of risk is there and what is the possibility of losing money here.

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[bitbollo]

from my personal experience (I have staked several coins in the past)... I can tell you that when a high APY is provided there is always the concrete risk of "inflation" (likewise "extra" production of coins that is not absorbed by real use or by market conditions). This will results in a decline in market value! In practice, it is true that you get that staking percentage (you have more coins) but the economic total (equivalent in dollars or btc) practically remains unchanged if it does not decrease.
You can always hope for a brutal PUMP of the token in question but it is rare that such a phenomenon occurs (we are talking about a shit coin ... )

I believe VRA will at least 10x from current price , some are saying 50x but lets say I settle for 10x.

As long as 10x happens in the future, say 1-2 years, it is worth staking while prices are low?

Is that not how it works? You would rather stake when price is low and has a lot of room to grow compared to staking when prices are high and likely to fall?

I'm curious to understand the motivation ... why should this coin be able to make such a strong rise? have they planned any new implementation? changes to the protocol? or is it a simple prediction / speculation on the future price?

[RussianEnglishTranslation]

Hi, I would say staking is not good if it has any restriction on you withdrawing your assets instantly.

If you can withdraw your staked asset instantly, go for it.

If not, you may lose more % than you will ever earn while staking your asset for a year.

To be honest, I'm thinking about staking too, but hearing what you're saying is a little scary. What kind of risk is there and what is the possibility of losing money here.

It really depends on the type of staking you are doing, whether it is DeFi based token staking or POS coin staking to secure the network. ICP staking is kind of a hybrid of both of those because you stake in a contract that rewards you based on DAO participation up to 20% APY, but you need to delegate and be active.

[fuguebtc]

Hi, I would say staking is not good if it has any restriction on you withdrawing your assets instantly.

If you can withdraw your staked asset instantly, go for it.

If not, you may lose more % than you will ever earn while staking your asset for a year.

To be honest, I'm thinking about staking too, but hearing what you're saying is a little scary. What kind of risk is there and what is the possibility of losing money here.

Staking requires you to lock up your tokens for a certain period of time, which can be 30 days, 60 days, 90 days depending on your choice. The risk here is that if you are in the process of staking, your coins suddenly increase in value or you need to sell them for business, you will not be able to sell immediately but have to wait until the end of the staking period, only then can you get your token back.

[batang_bitcoin]

Staking requires you to lock up your tokens for a certain period of time, which can be 30 days, 60 days, 90 days depending on your choice. The risk here is that if you are in the process of staking, your coins suddenly increase in value or you need to sell them for business, you will not be able to sell immediately but have to wait until the end of the staking period, only then can you get your token back.

Not all. There are certain offers that don't require you to lock your assets when you stake them. In binance, they've got locked up options and there are also flexible options. The same with mycointainer.com as I quote, they have flexible options.

Do you have to lock in your coins? As a beginner, you’d probably want to go for a flexible plan to access your crypto assets all the time. Surely, the higher is the risk, the higher will be your APY. However, with locked digital coins, you can’t take advantage of unpredictable changes in the market.

With MyContainer, there’s no need to lock your coins for the duration of your staking period.

[RussiaUkraineTranslation]

Staking platforms like MAXX Finance do have a lock up, and that's a good thing. Lock ups ensure diamond hands and stabilize the yield and price of the project. Projects that don't have staking terms have greater risk and are subject to pump and dumps.

[Joshapat]

At present there are more and more staking techniques, even many projects that give you thousands of percent promise only buy and save in wallets, then automatically stake and make the value or amount that we hold continues to increase, I also invest in staking coins such as Aeterna, Safuu and others, and others, and others I think very satisfied with the rewards they give.