Yatsan
Legendary
Offline
Activity: 2492
Merit: 1233
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2022, 01:45:59 PM |
|
Staking is my alternative to get some benefits, moreover, I'm currently optimizing the Atom network besides getting benefits. If you're lucky, there are certain events that do have conditions for stakers on the Atom network, who can only claim them. After all, so far staking in a bear market has left us with a lot to gain. But I did it all with the amount I was prepared to lose. This means that the risk at any time is that the third party where I stake coins disappears. So please note that staking requires doing research where you will drop your coins to a trusted party.
Well there are times staking became good on my end. I've earned profit from some of the projects but only to those whoch allows an investor to pull out the stake in a short period of time 'coz there are projects wherein tokens would be locked up for a long period and an investor cannot do something whenever the price is falling ( which is more likely to happen especially if the supply continues to circulate). Overall experience; not a type of investment which could be lasted by many investors not to mention short term investors. If you',re into instant profit, this won't be advisable but would be good to those investors who are looking forward to a token's utility.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
bettercrypto
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2022, 02:05:13 PM |
|
Nowadays staking doesn't seem to be profitable at the moment, this is just my opinion. But if you are a long-term holder, you can do this, and at least the assets you put in can grow.
I remembered the strength and beauty of stakes or staking, there was a platform where its APY was over 1000%, then anytime you could withdraw your profit, unlike that time in Binance it was not that big and then binance says that your token is locked up for 3 months, but as I said, it is not. Of course, the only risk that I see is that if there is a sudden problem, you will not be able to recover what you have staked.
|
|
|
|
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ████████▄▄████▄▄░▄ █████▄████▀▀▀▀█░███▄ ███▄███▀████████▀████▄ █░▄███████████████████▄ █░█████████████████████ █░█████████████████████ █░█████████████████████ █░▀███████████████▄▄▀▀ ███▀███▄████████▄███▀ █████▀████▄▄▄▄████▀ ████████▀▀████▀▀ █▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀BitList▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀List #kycfree Websites▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ |
|
|
|
cryptoaddictchie
Legendary
Offline
Activity: 2170
Merit: 1323
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2022, 05:12:00 PM |
|
Nowadays staking doesn't seem to be profitable at the moment, this is just my opinion. But if you are a long-term holder, you can do this, and at least the assets you put in can grow.
Depends. What if the price of token you bought is at very low and you are only staking it? Of course that would be profitable even the pricr drop and still you have a lot of tokens to gain. Of course its the price of token that we are basing the income but we should consider the quantity we get when we do staking. Its also good way to do dca without actually buying but earning through the staked tokens that you had locked.
|
| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
▄▄███████▄▄ ▄██████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
▄██▄ ██████▄ █████████▄ ████████████▄ ███████████████ ████████████▀ █████████▀ ██████▀ ▀██▀ | . GET IT ON Google Play | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ |
|
|
|
cryptops.exchange
Newbie
Offline
Activity: 20
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2022, 08:28:11 PM Last edit: December 15, 2022, 09:34:47 PM by cryptops.exchange |
|
I think that Cryptops has the best most secure staking rewards model and staking is possible on both the testnet as well as on the main public blockchain without needing to run a node or anything like that. In Cryptops you can earn staking rewards on coins that are held in a cold storage wallet that was created on an air gapped computer. The rewards are automatically paid out weekly to your configured hot wallet address using a built-in blockchain mechanism. There is no lock in period for staking on Cryptops and you can move the staked coins out of your staking wallet at any time. The only requirement is for the staked wallet to contain at least 50,000 COE which at current prices is 0.25 BTC. To make that happen just set the inflation destination of your cold wallet to be your hot wallet using the blockchain protocol. Here are instructions to setup staking on the Cryptops testnet blockchain using the CryptopsTerm wallet/trading app at https://cryptops.exchange/CryptopsTerm/#testnet. - Click on "Account" near the top middle of the page and enter the secret key for the account, then click the "Log in" button.
- After entering in your secret key you are taken to the "Balances" page, next click on "Inflation" near the top center of the page.
- Next enter in the public key of your hot wallet that you want to receive the staking rewards into the input box labeled "Inflation destination".
- Then click the "Set inflation destination" button
It is also possible to setup staking using the Cryptops Laboratory for testnet at: https://laboratory.cryptops.exchange/#?network=testYou can create a testnet wallet using the Laboratory at https://laboratory.cryptops.exchange/#account-creator?network=test, then fund it with the Friendbot further down on the same page. Wallets in Cryptops are not considered valid until they have been funded.
|
|
|
|
doomloop
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2022, 09:28:03 PM |
|
there are times staking became good on my end. I've earned profit from some of the projects but only to those whoch allows an investor to pull out the stake in a short period of time 'coz there are projects wherein tokens would be locked up for a long period and an investor cannot do something whenever the price is falling ( which is more likely to happen especially if the supply continues to circulate). Overall experience; not a type of investment which could be lasted by many investors not to mention short term investors. If you',re into instant profit, this won't be advisable but would be good to those investors who are looking forward to a token's utility.
Not just with your end but many stakers do also experience the same thing. There will always be times where staking is good and there are times bad because this market doesn't only moves in one direction but it will mostly depend on the token that you stake. If it's a solid token then expect that its value won't collapse. A small dump is normal but it will always recover so don't worry. Staking is still a type of investment but investing the normal way is better because we can control our funds more with it. We can sell if needed or hodl continuously if not. For the person that wants to hold a profit in their hands from time to time then trading can be perfect for them.
|
|
|
|
Natalim
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2022, 09:46:14 PM |
|
Nowadays staking doesn't seem to be profitable at the moment, this is just my opinion. But if you are a long-term holder, you can do this, and at least the assets you put in can grow.
Depends. What if the price of token you bought is at very low and you are only staking it? Of course that would be profitable even the pricr drop and still you have a lot of tokens to gain. Of course its the price of token that we are basing the income but we should consider the quantity we get when we do staking. Its also good way to do dca without actually buying but earning through the staked tokens that you had locked. But once your toke is locked for staking, you can no longer add in them for the same rate. If you are staking for 1000%APY, that is really a lot of money if it becomes true but sometimes, it turns like a nightmare as it never happens, yet they scam you. I'd rather choose coins for staking that gives me at 5%APY as it becomes possible but the profit is small. That is why I'd never think that staking gives us a passive income, it somehow gives some while holding which is also great.
|
|
|
|
cryptops.exchange
Newbie
Offline
Activity: 20
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2022, 09:53:13 PM |
|
Staking is still a type of investment but investing the normal way is better because we can control our funds more with it. We can sell if needed or hodl continuously if not. For the person that wants to hold a profit in their hands from time to time then trading can be perfect for them.
I recommend only staking directly on blockchain using a wallet that only you have full control of and not using any staking services found on CEX's or otherwise. I have over 2 ETH staked on Kraken that I can't access! I am not even allowed to terminate the staking and just get back the initial principal. Unfortunately, sometimes do to high minimum staked requirements you are forced to use a staking service to receive rewards.
|
|
|
|
Mpamaegbu
Legendary
Offline
Activity: 2786
Merit: 1226
Once a man, twice a child!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 15, 2022, 11:45:49 PM |
|
- Depending on how you stake, you might need to entrust your cryptos to exchanges. It might bring security risks.
Not, "it might bring security risks". It actually brings security risks. Once you stake you've entrusted your tokens to the staking site and that makes you vulnerable to whatever happens to the site and even to the token itself (let's say the staking site is different from the token website). Once the project shuts down, that's farewell to your investment. I experienced this first hand. So, always consider the risk more than you would dream of the profit to be made from it. Most times, the profit to be made from it isn't even worth the risk.
|
|
|
|
LogitechMouse
Legendary
Online
Activity: 2534
Merit: 1041
Paldo.io - Crypto Airdrop Database
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2022, 03:07:43 AM |
|
You already answered your question OP so what's the point of this thread now? - When you stake, your holdings are locked up for a certain amount of time. You cannot trade or sell them before you unstake your holdings. So it might decrease your profits if the price plummets.
This is true but there are some coins where you can stake it, but it doesn't have any lock up period at all. One is AXS (Axie Infinity). Staked my tokens there and I can just withdraw it anytime. On the other hand, you can consider locking up your tokens a risk but most of the investors who are staking their tokens are the ones who are holding that token for mid to long term, so I guess locking up your tokens for a specific period of time isn't a negative thing at all because if you are holding that tokens for short term only, why stake it at first place? - Depending on how you stake, you might need to entrust your cryptos to exchanges. It might bring security risks.
I disagree. You are only speaking of Binance on this one but there are some tokens who has a designated wallet that's being created by them where you can just store your tokens there and stake it as well. I'm staking my Cardano for around a year already and I use their own wallet, Daedalus to stake it. No exchanges that lessen my security. Nowadays staking doesn't seem to be profitable at the moment, this is just my opinion. But if you are a long-term holder, you can do this, and at least the assets you put in can grow.
It depends on the holder. I don't know if it's only me, but I'm buying staking tokens that I know will survive the bear market and I'm holding it for long term. It might not be as profitable as of now because of the bear market but in long term, you can see the profits that you got especially during a bull market.
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
cryptoaddictchie
Legendary
Offline
Activity: 2170
Merit: 1323
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 16, 2022, 05:43:59 AM |
|
But once your toke is locked for staking, you can no longer add in them for the same rate. If you are staking for 1000%APY, that is really a lot of money if it becomes true but sometimes, it turns like a nightmare as it never happens, yet they scam you. I'd rather choose coins for staking that gives me at 5%APY as it becomes possible but the profit is small.
I did stake a high APY before it came from an airdrop and did have earned a lot of tokens at first and still earning up to now. As time pass by, more users staked leaving the APY decreases which is quite normal. The technique on decentralized staking is being early first and rip the reward of it. But its feels good even the APY drop it means that the protocol is being used and staked by a lot of users.
|
| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
▄▄███████▄▄ ▄██████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
▄██▄ ██████▄ █████████▄ ████████████▄ ███████████████ ████████████▀ █████████▀ ██████▀ ▀██▀ | . GET IT ON Google Play | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ |
|
|
|
MFahad
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 20, 2022, 05:00:10 PM |
|
Crypto staking is gaining yield through locking your token for specific time. A lot of places provide good percentage of staking gains on big coins, which is way better than the returns of holding in a bank. As long as you're using reputable clins and a reputable staking source, it's great for lulls in the market.
|
▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | .
| | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | . ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
|
|
|
avikz
Legendary
Offline
Activity: 3178
Merit: 1520
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 20, 2022, 07:25:21 PM |
|
I personally believe that staking is a great way to make some almost risk-free return on your investment. The only downside to staking is it's lock-in period. As OP rightly pointed out, if the price plummets during the lock-in period, your returns will evaporate. Otherwise it's almost risk free. If you are ok with small return but at a low risk, staking is a good option. Otherwise, trading is another option but with high risk.
|
|
|
|
|MINER|
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 20, 2022, 08:00:40 PM |
|
I think it's wise to be staking right now, especially in funds that are dumping for bearish markets. Moreover, if you want to invest for long term, I think it is better to earn some interest along with holding by staking in a reliable exchanger. Moreover, by holding stable coins, more apy is being achieved than the bank. But there will be always a risk in everywhere so it's only depends on you choice.
|
|
|
|
Xal0lex
Staff
Legendary
Offline
Activity: 2548
Merit: 2512
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 20, 2022, 08:36:03 PM |
|
- When you stake, your holdings are locked up for a certain amount of time. You cannot trade or sell them before you unstake your holdings. So it might decrease your profits if the price plummets. - Depending on how you stake, you might need to entrust your cryptos to exchanges. It might bring security risks.
I might add that staking is an extremely inefficient way to make money for small deposits. There is no point in depositing a couple thousand dollars into a staking in order to make a hundred dollars in a year, and that's in the best case scenario. People see this and try to find staking pools with high payout rates, but therein lies another catch. More often than not, such pools are fraudulent.
|
|
|
|
Cantsay
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 20, 2022, 08:44:41 PM |
|
Staking is still a type of investment but investing the normal way is better because we can control our funds more with it. We can sell if needed or hodl continuously if not. For the person that wants to hold a profit in their hands from time to time then trading can be perfect for them.
I recommend only staking directly on blockchain using a wallet that only you have full control of and not using any staking services found on CEX's or otherwise. I have over 2 ETH staked on Kraken that I can't access! I am not even allowed to terminate the staking and just get back the initial principal. Unfortunately, sometimes do to high minimum staked requirements you are forced to use a staking service to receive rewards. Unfortunately most token nowadays can only be staked at centralized exchanges and some even uses exchanges that don't have good rating and therefore poses a huge threat to investors funds and security. Though I only stake coins that I don't intend to use for a long time, which means I only stake coins I plan to hold for a long time if my holding is short termed then I don't bother to stake them. Nowadays staking doesn't seem to be profitable at the moment, this is just my opinion. But if you are a long-term holder, you can do this, and at least the assets you put in can grow.
Even if the price doesn't increase the amount of coin still continues to increase and in some certain occasion they might even be luck to receive other coins or token along side Their staked coins. They're always different opportunities opened for those that do stake their coins. Most especially long term staking
|
| | | | | | | ███▄▀██▄▄ ░░▄████▄▀████ ▄▄▄ ░░████▄▄▄▄░░█▀▀ ███ ██████▄▄▀█▌ ░▄░░███▀████ ░▐█░░███░██▄▄ ░░▄▀░████▄▄▄▀█ ░█░▄███▀████ ▐█ ▀▄▄███▀▄██▄ ░░▄██▌░░██▀ ░▐█▀████ ▀██ ░░█▌██████ ▀▀██▄ ░░▀███ | | ▄▄██▀▄███ ▄▄▄████▀▄████▄░░ ▀▀█░░▄▄▄▄████░░ ▐█▀▄▄█████████ ████▀███░░▄░ ▄▄██░███░░█▌░ █▀▄▄▄████░▀▄░░ █▌████▀███▄░█░ ▄██▄▀███▄▄▀ ▀██░░▐██▄░░ ██▀████▀█▌░ ▄██▀▀██████▐█░░ ███▀░░ | | | | |
|
|
|
livingfree
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 20, 2022, 10:36:31 PM |
|
I might add that staking is an extremely inefficient way to make money for small deposits. There is no point in depositing a couple thousand dollars into a staking in order to make a hundred dollars in a year, and that's in the best case scenario. People see this and try to find staking pools with high payout rates, but therein lies another catch. More often than not, such pools are fraudulent.
I second that. I've done it and keep on doing it but, I know that I may not expect that much return on it. The only thing that I'm thinking is to choose a coin that I can stake at a cheap price of buying it and while waiting for the next bull run, I'll just leave it there. And when it's ready, the price could have been increased and its value and then with additional coins from staking it. Someone who wants to make it as one of their major source, it should be hundred of thousand in dollars up to millions. But, too risky.
|
| │ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███▀▀▀█████████████████ ███▄▄▄█████████████████ ███████████████████████ ███████████████████████ ███████████████████████ █████████████████████ ███████████████████ ███████████████ ████████████████████████ | ███████████████████████████ ███████████████████████████ ███████████████████████████ █████████▀▀██▀██▀▀█████████ █████████████▄█████████████ ████████▄█████████▄████████ █████████████▄█████████████ █████████████▄█▄███████████ ██████████▀▀█████████████ ██████████▀█▀██████████ ▀███████████████████▀ ▀███████████████▀ █████████████████████████ | | | O F F I C I A L P A R T N E R S ▬▬▬▬▬▬▬▬▬▬ ASTON VILLA FC BURNLEY FC | | | BK8? | | | . ..PLAY NOW.. |
|
|
|
philipma1957
Legendary
Offline
Activity: 4214
Merit: 8324
'The right to privacy matters'
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 20, 2022, 10:58:49 PM |
|
What is crypto staking and how does it work?
What is staking? Staking is a way to earn rewards via delegating your holdings of coins or tokens. It’s equivalent to storing money in a savings account & earning interest or buying company shares & share dividends.
Not all cryptocurrencies support staking. It only works in cryptocurrencies whose network consensus mechanism is Proof-of-Stake, such as Ethereum (ETH), Solona (SOL), etc. The network chooses validators to add a new block and legitimate transactions on the chain in exchange for rewards. Whether or not you can become the validator depends on how many coins you stake, how long you have held them, etc.
Unlike Proof-of-Work, you don’t need highly-equipped computer hardware to race to solve a difficult math problem, which is called mining. Investors take part in staking through crypto exchanges, crypto wallets, or staking pools. It costs less energy and the transaction speed is faster.
Is staking worth it?
1. Earn passive income: You earn rewards after you are chosen as the validator to verify the new block and transaction. It’s suitable if you prefer a long-term investment and don’t want to look at the price changes from time to time even at night when you sleep. 2. Sense of satisfaction: You play a role in maintaining and securing the blockchain network. 3. Easy to start: You don't need special hardware equipment.
What are crypto staking risks?
- When you stake, your holdings are locked up for a certain amount of time. You cannot trade or sell them before you unstake your holdings. So it might decrease your profits if the price plummets. - Depending on how you stake, you might need to entrust your cryptos to exchanges. It might bring security risks.
look below: It is a security risk to stake coins in an exchange.
|
|
|
|
Ultegra134
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 20, 2022, 11:58:43 PM |
|
A decent description of staking; brief but contains all necessary details to analyze what it is. I used to stake algorithmic stablecoins back in early 2020, if I remember correctly, and it was extremely profitable but also involved medium-to-high risk. I managed to earn a decent amount of money, but the idea of it being a completely passive income is quite false. It may be valid if you're staking stablecoins such as USDT or BUSD, with which your yield will be extremely low, but actually staking requires frequent monitoring. Tons of such projects go down within the night, and in my case, I cashed out, and the next day it had crashed.
To sum up, in my opinion, staking is still profitable but not as much as it used to be. However, the term "passive income" is inaccurate because it requires frequent monitoring and may be subject to changes (switching from one vault to another because it was no longer profitable).
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
Beparanf
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 21, 2022, 01:21:33 PM |
|
Staking nowadays is not worth it because this just a gimmick of defi to borrow your money in exchange for an interest which is not worthy of the risk especially when you are doing it on CEX on CeFi.
Staking before has much sense holders that locking there assets in there wallet are use for consensus purposes while current staking when DeFi introduced was just a ponzi model.
|
| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
|
|
|
Supianto
Newbie
Offline
Activity: 85
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 21, 2022, 03:56:18 PM |
|
Stacking is profitable when you have a big amount of that altcoin. I'm stacking ADA, but it's really slow income because I don't have too much. I don't know when I'll get back my coins I paid for starting this stacking, lol.
|
|
|
|
|