Now it's time for staking

[topman21]

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

I have bought BNB coins and started staking. However, I am sure that no matter how much the market is dumping, if the market is pumping, this BNB of mine will take a good position again.Many people may trade but I don't do that and I keep all my coins staking for a certain time I have no desire to make a lot of money trading but have some profit from staking But I am sure here.

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[icalical]

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

I don't think Binance give you calculation to stake monthly, they wills till offer you the APY but you have the freedom to take out your staking any time you want. And my advice it will be better if you also care about the market situation, if you do staking in the peak of the price, then you will only get loss your investment value even if you get the yield of your coin.

[eXtremal]

XRP and BNB are good to invest in any term but right now we are in a bear market of course they will also follow how the market trend goes. If we really want to determine BNB or XRP in the long term, at least we have to know the best support points in the old time frame. at least we will also hold it a few years to get maximum results.

[maydna]

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

No one can know which coin will increase at the beginning of the month. We can only guess through the analysis and predictions we make so that both can be wrong later. If you want to stake BTC, USDT, or top altcoins, you can use Binance, where many people are also staking like you to get more coins. Apart from Binance, some markets provide this facility, and private wallets provide it. So you can research which one you want and think it is safe.

[kojektea]

In my opinion, the safest staking is on Binance Savings because this market has been trusted for a long time, of course with low interest rates but very safe for staking. If you have a large capital, it's the same as you make a bank deposit only based on crypto.
but if you choose XRP or other coins as long term it's also not a bad thing. we already know the potential of XRP is quite large for the future.

[GreatArkansas]

In my opinion, the safest staking is on Binance Savings because this market has been trusted for a long time, of course with low interest rates but very safe for staking. If you have a large capital, it's the same as you make a bank deposit only based on crypto.
(....)

Yes, but  Binance is considered as a centralized exchange in which you don't hold your keys, your money is in Binance's hands, on the other hand, the alternative is to use some decentralized finance platform where staking is available like Aave or Solend. But you still can't guarantee safety here.
OP must select a platform carefully and the asset that they will stake because the UST issue before on Luna could repeat again on other assets.

[Kadal Ijo]

There are staking platform that offers yearly APY calculation but gives hourly or daily staking and you can actually withdraw your funds anytime you wanted depending on the lock period which actually only lasted for some days or weeks.  The one good example is the staking platform of different swaps and like the one stated on the early replies.

Staking in the Dex Platform certainly gives a very high offer even some who give APY more than 100%, I have left staking in the pancakes because most coins in the pancakes are pump for a moment so that if we are staking then we can lose money.

[dansus021]

the flexible and low apy product is a lot on binance or other centralized exchange and there is bunch not just xrp, or you can stake on defi but according the altcoin hype cycle September is be the lowest point and this basically a fire sale to sale in October or january

[o48o]

Staking is fun even with some small amounts, profit is not big, but something is coming, and you grow some coin you like and believe in. Why not? It's better to put your coins at work than to just put them in some wallet...

Sure, if you don't mind all your coins/tokes will be stuck in cex that that you have to trust for a month or how ever long that staking period is. If you think that risk is worth that tiny amount of tokens you will get then sure, that's the way to go. But with small amounts staking, you get way more with a VERY small price now then you could ever stake in your lifetime.

Small APY safer staking, higher APY more risky staking, I always advise to diversify, majority in small and with some amount try higher APY, without risk here and there there's no gain.

What risk are you talking about in here and what kind of staking?

[LastKiss]

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

I remember there's some site that gives you daily returns and you can withdraw your profit anytime. I used that site last year until around one year and I'm really satisfied with what I get. Now I focused on looking at altcoins to invest in this bear market. maybe I will go staking again next time when I don't have a lot of time to watch the market.

[Xal0lex]

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

This is not a time for staking, but for investing and reinvesting. There is no point in staking stablecoins when there are plenty of good altcoins on the market at good prices, which in the long run will yield much more profit than staking. Although you can use this method for diversification, it's not very profitable to prioritize it in the long run. Staking BTC is not worth the interest you exchange for the risks associated with depositing funds into staking pools, it is better to keep such assets in a wallet.

[dwminer1]

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

I believe bear market is a good time to staking and accumulate cryptocurrencies in all possible ways. There are many cryptocurrencies on the market that offer the possibility of staking. Worth a look here: https://www.stakingrewards.com/
Binance also offers many possibilities: https://www.binance.com/en/staking
In this case, however, you have to remember about the risk of keeping funds on the exchange.

[asriloni]

The bear market doesn't mean we have to just monitor the market, it's our opportunity to buy our favorite coins to make a profit when the bull market comes. instead of having to keep coins stable, it's better to buy the coins we want when we are at the strongest support, what we have to prepare is patience in dealing with the bear market.

Some people prefer to avoid the volatility in the market and then they can use staking stable token as their passive income. Even if the APY was so small but at least they can earn some bucks in monthly basis rather than lose due to the volatility in the market.
I think that picking stable token to get the passive income was not so bat at all. We must always consider that was as our opportunity to earn during the bearish market like this.

[globalpain]

I think Staking during a bear market is very risky, especially if you are staking when the coin is still expensive and dumps up to -70%,
I think staking will be a waste, I prefer the average down way, because it can increase coins, and it's safer than staking,
everyone has an opinion, So do what you think you like 

[Crypt0Gore]

Stake coins that you are willing to hold for the long term only and mind you, this is still a very risky strategy, the altcoin can drop in value and you won't be able to sell and take profit while staking is on, I think the best bet is using stable coin to stake, BUSD or USDT are the best.

[DeathAngel]

Dude, now is really not the time for staking. It’s such a massive risk for relatively low reward (versus the risk of leaving your crypto in somebody else’s control.

Seriously just DCA during this bear market & the profits you’ll get in the next bull market will far outweigh whatever pittance in comparison, you can get from staking.

[bitcoin-shark]

At the present time, given the fluctuating trend of the markets, it is advisable to stake stablecoins and obviously eth 2.0

[GeorgeJohn]

if you want to invest in the long term you can take it gradually and then staking for the long term year of course on the best and famous altcoins, I think XRP and BNB are also quite good choices, it never hurts to take the moment now when the market is bear

Staking of a coin, it's good to know the coin potentiality before some venture into staking, as you portray it's quite right, should Incase a newbie want to venture into long term investment via bitcoin, i believe that long term investment needs a coins that have value so that it won't varnish on the process of investment. We have so many altcoins that are made of good values.

[Luqman]

In my opinion, staking is quite worthy if done during this bearish market. Moreover, if we want to hold the coins for more months or years in order to prepare them once for the bullish era.
But, please remember that we must be also careful to choose the platform for staking. If I want to stake, I will consider these:
- Reputable and trusted platform
- COin for staking (must be promising for the future)
- How long to staking
- How much APY or profits to get from staking. Is it worthy?

[Hypnosis00]

Famz is there anyway someone can early month staking a altcoin? I don't want the yearly ones APY right? I want monthly and also I will like or prefer to stake BTC or USDT or any top altcoins like XRP or BNB just to be on the safer side, the year we are in a bear market but I am in for the long term so I really don't care about market situation.

Just do what you are preferred to do. Because staking will really matter the coin we choose, exchanges, and of course, terms of staking. I've tried flexible terms where I can withdraw my funds anytime but the reward is just small compared to long-term staking. But what I see, the risk is too high considering that we have no control over it once deposited for staking. And if we fail to choose the trusted platform, I was afraid of not having it back - scammed.
I'll suggest taking a flexible option even if the APY is quiet low at least you can move or diversify your coins just in case.