What is crypto staking? Is staking worth it?

[Hildentine]

In this case i said that staking is a method which we hold a crypto and that way we receive a profit in daily basis with specific % so we easily received a profit but some time we hold a crypto and then the price are suddenly drop so we gain some loss .
According to my experience is that its a good method but it the point is that what quantity we hold if we hold a big so we receive a good profit other than received a very less amount daily basis.

[uneng]

Staking revealed itself to be a extremely risky investment. Many tokens staked by investors have their prices manipulated by developers, especially the native ones from exchanges. So, besides the risks mentioned on this thread's main post, there is also the risk exchange's operators use customers' funds (your money) to pump the price of the native token, reaching to a point where the platform crashes, since there isn't enough money anymore to fulfill with their obligations and maintain the withdrawals going on.

[Ultegra134]

Staking revealed itself to be a extremely risky investment. Many tokens staked by investors have their prices manipulated by developers, especially the native ones from exchanges. So, besides the risks mentioned on this thread's main post, there is also the risk exchange's operators use customers' funds (your money) to pump the price of the native token, reaching to a point where the platform crashes, since there isn't enough money anymore to fulfill with their obligations and maintain the withdrawals going on.

It depends on what you decide to invest in. Not all smart contracts are the same; the risk may vary depending on the coins the vault is comprised of, the platform, or the yield. There were actually a few decent options featuring BNB and/or BUSD that provided a decent APY. If you do your research and choose vaults that don't involve shitcoins no one knows about, there's a decent chance your investment will thrive. It really varies on what type of investor you are; some decide that it's best to buy Bitcoin or Ethereum, while others may stick to staking. Whatever floats your boat

[lobo13hf]

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.

that's the thing with staking it kinda requires tremendous amount of capitals for it to be worth the time, after all it's the same like investing in stocks and waiting for dividends, the only thing that makes staking worth it for  our smaller capital is when the value of the coin we were staked fluctuates a lot but somewhat increase in the long term, that way you could make profits easily, otherwise most of the time it's just waste of efforts and your time.

[Wakate]

I think staking an be profitable when you are holding large amount of a particular coin you are staking. This will give you leverage to earn more since your capital is big enough to earn you good profits. Just like staking about $10k to $50k usdt. This will give you good profits compared to someone that is staking $1k or $2k. Staking has it own risks especially especially when you staked you coin in a third party website. This has bigger risks than someone that staked there coin in a reputable exchange. Every coin has there own APY which is in percentage of the value the staker will receive annually.

[uneng]

Staking revealed itself to be a extremely risky investment. Many tokens staked by investors have their prices manipulated by developers, especially the native ones from exchanges. So, besides the risks mentioned on this thread's main post, there is also the risk exchange's operators use customers' funds (your money) to pump the price of the native token, reaching to a point where the platform crashes, since there isn't enough money anymore to fulfill with their obligations and maintain the withdrawals going on.

It depends on what you decide to invest in. Not all smart contracts are the same; the risk may vary depending on the coins the vault is comprised of, the platform, or the yield. There were actually a few decent options featuring BNB and/or BUSD that provided a decent APY. If you do your research and choose vaults that don't involve shitcoins no one knows about, there's a decent chance your investment will thrive. It really varies on what type of investor you are; some decide that it's best to buy Bitcoin or Ethereum, while others may stick to staking. Whatever floats your boat

Due to the mentioned risk when staking altcoins, I prefer to invest bitcoin for interest income, as it's constantly growing in value along the time, while with altcoins we don't have the same assurance. However, the recent events in crypto market have made me retreat from this kind of investment, because even if the currency you are investing isn't compromised, the platform might be, and that was the case with Celsius, FTX, Voyager and many others... The currency and the APY offered are pretty decent, but the platform isn't and unfortunatelly I've lost money this way.

[alexandr1115]

It's better not to mess with this staking at all, especially if you don't understand how to manage them properly! At a minimum, you need to understand this in more detail in order to have an understanding of some nuances or features. And it seems to me that there are quite a lot of nuances in staking, and you need to understand this.

[Sayeds56]

The process of staking is holding your coins to support operation of blockchain and you get portion of transaction fees amount , as staking reward.
The staking is worth it or not mainly depends on what specific  currency you are holding on how secure and reliable platform is where you will stake your assets and what returns are offered. Hence, it is very important to do research before you invest your funds on any platform.

[doomloop]

It's better not to mess with this staking at all, especially if you don't understand how to manage them properly! At a minimum, you need to understand this in more detail in order to have an understanding of some nuances or features. And it seems to me that there are quite a lot of nuances in staking, and you need to understand this.

Some thinks that staking is too simple like they will only store their crypto on some platforms and then they will now earn according to the APR/APY that they see. They didn't know that there a big catch in staking. That is its fees. This can make staking profitable only for the project owners or for the staking platform and not for the stakers themselves.

If we are a newbie in crypto, it would be better to start on the very basic first. I think it must be investing but we should only invest on our own and not through exchanges or with the help of some person. Other crypto activities like staking, trading, etc must only be done later on, once we master the art of investing.

[Reid]

Passive income is always worth it but there are times when it goes into a bad situation.
Before, you could say to just stake anything but now it became more risky to do it as scams are happening left and right.
Giving someone the authority to keep your property with no real insurance will keep you from having a daily stressful life.
Right choices, filtered projects, yes for me but it should be well maintained to avoid sudden rekt.

[alexandr1115]

It's better not to mess with this staking at all, especially if you don't understand how to manage them properly! At a minimum, you need to understand this in more detail in order to have an understanding of some nuances or features. And it seems to me that there are quite a lot of nuances in staking, and you need to understand this.

Some thinks that staking is too simple like they will only store their crypto on some platforms and then they will now earn according to the APR/APY that they see. They didn't know that there a big catch in staking. That is its fees. This can make staking profitable only for the project owners or for the staking platform and not for the stakers themselves.

If we are a newbie in crypto, it would be better to start on the very basic first. I think it must be investing but we should only invest on our own and not through exchanges or with the help of some person. Other crypto activities like staking, trading, etc must only be done later on, once we master the art of investing.

Right! It seems to me that some experience is definitely needed in this! It is very important to study the conditions, since they are different for each coin! It is very important to understand what the project itself is. What idea he is positioning. It's not as easy as it seems, and I think it needs to be approached very scrupulously.

[dwminer1]

Personally, I think that staking can be a good idea for surviving the crypto winter we have now. However, it is worth analyzing which projects have the greatest chance of survival and price increase in the future. Sometimes it's better to choose 5% APR, but in a stable and promising project, than some shitcoin offering 25% APR. I also recommend keeping staked coins in your own wallets and not on exchanges or various services, even though they sometimes offer a higher rate of return.

[Oneandpure]

I don't think good ideas with cryptocurrency staking after facing experience with all staking coin drop drastically from 50% untill 100% more. I remember what happen with crypto coin staking with AXS have all time high price above $160 and right now drop drastically under $10.

Learned from AXS price crashing drastically I don't think worth right now for staking cryptocurrency coins except with stable coin only although have lower APY reward than usual staking coin can earn above 70% every year. I think enough with many coins have been scam with price drop for joining new staking coins at the future, don't waste your money when finding with next staking earn more than 100% each year.

[klidex]

It's better not to mess with this staking at all, especially if you don't understand how to manage them properly! At a minimum, you need to understand this in more detail in order to have an understanding of some nuances or features. And it seems to me that there are quite a lot of nuances in staking, and you need to understand this.

Some thinks that staking is too simple like they will only store their crypto on some platforms and then they will now earn according to the APR/APY that they see. They didn't know that there a big catch in staking. That is its fees. This can make staking profitable only for the project owners or for the staking platform and not for the stakers themselves.

If we are a newbie in crypto, it would be better to start on the very basic first. I think it must be investing but we should only invest on our own and not through exchanges or with the help of some person. Other crypto activities like staking, trading, etc must only be done later on, once we master the art of investing.

Right! It seems to me that some experience is definitely needed in this! It is very important to study the conditions, since they are different for each coin! It is very important to understand what the project itself is. What idea he is positioning. It's not as easy as it seems, and I think it needs to be approached very scrupulously.

Yes experience is the most important and primary thing in the world of cryptocurrency.
With experience when someone is doing trading, staking and investing can be more careful and minimize the possibility of experiencing large losses.
However, there are still many new traders and investors who do not have the right experience and strategy in utilizing crypto to make it their source of income. On average, they only follow their emotions and passions in placing positions when taking one of the crypto assets.
In the end they even lost and lost the money

they experienced.

[d3nz]

Personally, I think that staking can be a good idea for surviving the crypto winter we have now. However, it is worth analyzing which projects have the greatest chance of survival and price increase in the future. Sometimes it's better to choose 5% APR, but in a stable and promising project, than some shitcoin offering 25% APR. I also recommend keeping staked coins in your own wallets and not on exchanges or various services, even though they sometimes offer a higher rate of return.

This only applies to a worthy altcoin that you want to stake for a long time and even though it provides 5% but not really worth it since the value is lessened than you invested time staking it. I would say that POW is really much worth it since it gives you much reward than POS which gives you lessened reward since more people are doing it.

[fzkto]

Personally, I think that staking can be a good idea for surviving the crypto winter we have now. However, it is worth analyzing which projects have the greatest chance of survival and price increase in the future. Sometimes it's better to choose 5% APR, but in a stable and promising project, than some shitcoin offering 25% APR. I also recommend keeping staked coins in your own wallets and not on exchanges or various services, even though they sometimes offer a higher rate of return.

This only applies to a worthy altcoin that you want to stake for a long time and even though it provides 5% but not really worth it since the value is lessened than you invested time staking it. I would say that POW is really much worth it since it gives you much reward than POS which gives you lessened reward since more people are doing it.

It's not that there are more users involved in POS, it's that some of them have a huge percentage of stake, for which they get big rewards, which they sell into the market. So the price of POS coins regularly goes down. Of the most recent such coins, I can name EVMOS. They were offering a huge APY for a stake of coins. You can clearly see on the chart what this has led to.

[Ultegra134]

Staking revealed itself to be a extremely risky investment. Many tokens staked by investors have their prices manipulated by developers, especially the native ones from exchanges. So, besides the risks mentioned on this thread's main post, there is also the risk exchange's operators use customers' funds (your money) to pump the price of the native token, reaching to a point where the platform crashes, since there isn't enough money anymore to fulfill with their obligations and maintain the withdrawals going on.

It depends on what you decide to invest in. Not all smart contracts are the same; the risk may vary depending on the coins the vault is comprised of, the platform, or the yield. There were actually a few decent options featuring BNB and/or BUSD that provided a decent APY. If you do your research and choose vaults that don't involve shitcoins no one knows about, there's a decent chance your investment will thrive. It really varies on what type of investor you are; some decide that it's best to buy Bitcoin or Ethereum, while others may stick to staking. Whatever floats your boat

Due to the mentioned risk when staking altcoins, I prefer to invest bitcoin for interest income, as it's constantly growing in value along the time, while with altcoins we don't have the same assurance. However, the recent events in crypto market have made me retreat from this kind of investment, because even if the currency you are investing isn't compromised, the platform might be, and that was the case with Celsius, FTX, Voyager and many others... The currency and the APY offered are pretty decent, but the platform isn't and unfortunatelly I've lost money this way.

I don't quite understand what you're trying to say. How is investing in Bitcoin providing you with an interest-based income? While Bitcoin has proven to be growing in the course of its lifetime, but none of that is guaranteed. The concept of staking is to gradually grow your portfolio by earning a X amount of coins on a daily basis. Staking isn't a panacea but it can be profitable if you're careful (and lucky) enough. FTX incompetency has nothing to do with Bitcoin since you can always use non-custodial wallets and decentralised services.

[len01]

Staking depends on the person's holdings, if a user has a huge amount of holdings and he still wants to earn through these holdings then staking will be a good choice for him, because through staking he can earn a lot, as you mentioned the benefits of the staking in the upper section. And mostly staking could be beneficial at larger scales.

Staking does not have to use a large amount to get profit, using a small amount will also be profitable if staking on the right coin and in the long term.
for now staking on a reputable coin will be very profitable in the bullish times to come.
because at this time all crypto prices are decreasing or cheap and we always earn every day and we collect it until the bullish arrives and that's when we get the profit.
but keep in mind Staking on the right coin and do your own research before starting Staking.

[bitgolden]

Due to the mentioned risk when staking altcoins, I prefer to invest bitcoin for interest income, as it's constantly growing in value along the time, while with altcoins we don't have the same assurance. However, the recent events in crypto market have made me retreat from this kind of investment, because even if the currency you are investing isn't compromised, the platform might be, and that was the case with Celsius, FTX, Voyager and many others... The currency and the APY offered are pretty decent, but the platform isn't and unfortunatelly I've lost money this way.

It is clear that there is a big chance many of these corporations would offer you more and more so that they could have your funds and do something with it a lot more riskier to make profits. If someone offers you 1% a year on returns, it wouldn't be too difficult to get that, hell even bank interest are higher, so they will make a profit, but if someone offers you 50% a year, or even more, then they would have to do risky stuff to make a profit, or they will lose money and most of them lost this way.

It's clear that you can't afford to offer people high returns if you do not have a guaranteed income that will provide for that, that's how banks do it, they give you +4-5 or whatever interest, and charge 10 for the loans they use your funds on.

[Jatiluhung]

Whether or not staking in altcoins is worth it depends on what coin we trust. I'm tired of staking game-based coins and the like. because the price of the coin continues to decrease. so that the profit from staking does not make us profitable at all. because the price has fallen. But I still believe in some altcoins and find it worth staking them like BNB. But I don't dare to stake a large amount. because we have to know that in altcoins we have the same big risks and potential. so we still need to be vigilant.