Staking advice needed

[KaliLinux]

For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.

I believe staking is good considering you are still holding your coins/tokens while you get some percentage interest from them than just holding them in your wallet without earning anything, however, there is the other part of staking that I wouldn't partake in which is the lock staking. I lost the chance to sell some tokens I had some time when the price picked because I couldn't access them at the time and when the period expired the price had dumped again

[@sriyan]

For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.

If you are a long-time holder, then better to use the staking option for some profits. But the problem is most of the staking pools are third-party ones. So there is a possibility of hacking the liquidity pools. Then your funds will be lost. Also, there is an option for decentralized staking one. So you don't need to transfer the funds to other pools. Still, you can get the rewards.

[jrrsparkles]

For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.

Risk associated with staking altcoins or tokens for long term are

1. The platform may disappear or bankrupt so you will lose your money.

2. The value of coin or token may go to zero so you will lose your money.

3. You lose the ownership of your assets since you're depositing to another platform.

4. Returns not worth the risks.

Do you still need more, I can write an endless list....

[Pelana vreo]

For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.

When you have a cold wallet like Safepal and Trezor or a hardware wallet, it's safe.

But never share your private wallet key with someone, because it's dangerous, do staking on a trusted platform and make sure you see the staking duration to claim the reward.

[Apocollapse]

Staking has carry a risk of pool or the centralized platform turn scam, however if you hold a centralized coin in non custodial wallet, it doesn't mean your coin will be safe and you're the one who only can control the coin. If you don't believe me you can search on google where the developer can freeze your coin inside your non custodial wallet, except you're holding a decentralized coin e.g. Bitcoin, Monero, DAI.

[Retainly_Collie]

For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.

In my experience, long-term holding without taking advantage of staking is a shortcoming, perhaps because you are not confident in what you know about the market and are afraid of taking risks.
Remember that even professional investors, or large institutional investors can go bankrupt if they don't manage their capital safely, what we have seen about the collapse of some projects leading the market because they have abused excessive financial leverage. And my suggestion, same as what I did before, DCA long term until the uptrend is clear, then mortgage the property to invest with new projects that I feel can make money. get money.

[raidarksword]

It's better to stake it rather than hold it for long term but always be vigilant where to stake your coins or tokens. As long as you have full control of your assets then it would be a wise idea to stake it to earn more tokens/coins. I am staking my assets on binance which is more safer in my part, though they have small APY still the security of it is my purpose doing.

[LogitechMouse]

For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time?

Risk of the price of the token or coin going down that the amount of tokens that you are getting in staking isn't enough to cover your impermanent loss that you got while staking it.

I also experienced this type of scenario where the token that I bought went down after I bought it. It went down too much that I'm still suffering losses even though I'm getting coins. Though it's impermanent because if you will wait until the bull run happens, for sure you will get profits from capital appreciation plus the tokens that you got from staking.

I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.

Certain coins have their own app or software where you can stake your tokens there.
Like me where I'm holding Cardano tokens, and currently being stored in the wallet that they also made named Daedalus. I believe my tokens are safe there because I have the private keys, and at the same time, earning passive income thru staking.

[southerngentuk]

It's better to stake it rather than hold it for long term but always be vigilant where to stake your coins or tokens. As long as you have full control of your assets then it would be a wise idea to stake it to earn more tokens/coins. I am staking my assets on binance which is more safer in my part, though they have small APY still the security of it is my purpose doing.

I see there are a lot of issues that need attention here about the market conditions at that time, the status of the coin/token, how the project works and the development roadmap. Basically, long-term DCA and batch staking until the bull market is something that I have applied and succeeded, but the risk is that if we can't anticipate big problems like the case some top projects. And such events cause wealth to evaporate quickly.

[SUPERSAIAN]

You can use the staking platforms of some popular exchanges. Or you can research the projects working with pos in the Ethereum network and invest in the projects you think are right and stake. There are a couple of projects that I pos stake in this way, since I think of these projects in the long term, it would be nice to stake additionally.

[fzkto]

The risk is that SEC has been announcing staking coins are security. Holding it for a very long time will be a huge loss when prices will eventually dip to what you don't expect.

Remember that in crypto a coin that has a value of more than $1000 in the bull market may only have a market price of $80 in the bear market. I think ETH is just an example. The good part I think is that institutional investors like staking coins as they all like yields.

I've always thought that if it's about stacking coins, it means that the coin has extra inflation, which can put pressure on the price. For example, someone who has a lot of coins has a higher percentage of stacking and gets more rewards, which he then sells. So if we are talking about a small project, not ETH or DOT, there is a risk that the price of the coin may drop a lot and never recover.

[moneystery]

Staking has carry a risk of pool or the centralized platform turn scam, however if you hold a centralized coin in non custodial wallet, it doesn't mean your coin will be safe and you're the one who only can control the coin. If you don't believe me you can search on google where the developer can freeze your coin inside your non custodial wallet, except you're holding a decentralized coin e.g. Bitcoin, Monero, DAI.

And that also applies to other assets, even to deposits in a bank, no one can guarantee that your deposit will be safe in a bank because the bank can collapse at any time. So when you are ready to stake or invest, it means you are ready to accept that your assets will disappear at any time.

[Bay_Harbour_Butcher]

I think we shouldn't depend too much on the benefits of staking crypto, because the crypto world is constantly changing, it's best to put your assets in several places, don't put all your assets into staking crypto and some coins that are worth staking like Bitcoin, ETH and BNB, because the price of these coins more stable than other altcoins

[Dragonfund]

For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.

I have learn something from staking of altcoins, staking is suppose to be used to protect the chain for coins who have their own chain and also minimized the total number of coins in the circulations and the reward is to earn but what I learn is that people that stake usually loss. If you remember when Eth announced their staking, many people staked their ETH to validator and the price soar more than 6x but at the end, people could not sell because they are locked with contract period of 2 years and none of them were able to sell and now that the time of unstaking approches, it has declined in price. So, think proper;y before staking.

[traderethereum]

For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.

The risk that you can get by staking your coins and tokens is fraud because we will not know how long the project can run.
Safe or not, it will depend on the place because we have to choose it wisely.
You can try staking your coins and tokens on Binance but only staking the amount of coins you can afford, even if you do it on a well known and trusted exchange.
I prefer to keep most of my coins in my wallet rather than risk it all on an exchange or elsewhere.

[Bobrox]

SEC Commission have been warning with several staking token have potential scam later due price dropped drastically, I don't think good ideas when staking with token or coins without good reputation exactly new coin/token launching and brave giving more than 300% staking reward. For worth staking coin right now seems top ten altcoin on standing market and ability list in Binance but have little percentage profit earning each years and some exchange limit amount for staking.

For good recommended staking coin is stable coin like BUSD or USDT, but reward under 10% and support with several exchange market only, but now worth for long term holding because stable coins not have impact yet with price up or down.

[royalfestus]

For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.

I avoid staking my coins because of the liquidity risk, meaning I may not be able to access them when I need them, especially in bullish markets. Especially long-term coin holders may be concerned about this since they may want to sell their coins in the future, a future that can be unpredictable.

[blockman]

For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.

Just choose the staking that is flexible so that if the value of that coin increases, you can easily sell them and that's how you'll make money from it.

SEC Commission have been warning with several staking token have potential scam later due price dropped drastically, I don't think good ideas when staking with token or coins without good reputation exactly new coin/token launching and brave giving more than 300% staking reward.

But with this news about SEC looking at those staking coins then you have to choose the best possible coin you can ever have. And this is also the importance of having it on a flexible term, so that you're not forced to do it and you can get out if needed much.

[bittraffic]

The risk is that SEC has been announcing staking coins are security. Holding it for a very long time will be a huge loss when prices will eventually dip to what you don't expect.

Remember that in crypto a coin that has a value of more than $1000 in the bull market may only have a market price of $80 in the bear market. I think ETH is just an example. The good part I think is that institutional investors like staking coins as they all like yields.

I've always thought that if it's about stacking coins, it means that the coin has extra inflation, which can put pressure on the price. For example, someone who has a lot of coins has a higher percentage of stacking and gets more rewards, which he then sells. So if we are talking about a small project, not ETH or DOT, there is a risk that the price of the coin may drop a lot and never recover.

That's also true. Just imagine staking thousands of coins and then you earn more of it by just doing so. It wouldn't be surprising if the stakers just sell them no matter how low the price since they got the tokens easily and not thru mining.

Cardano is just one of the tokens that is POS. You can see how much its price right now compared to 2021. That's why it's best to just dump it and if you dumped it recently you could have earned more after getting BTC.

[AakZaki]

If you really want to make a long-term investment, there's no need to do any research. You only need to hold Bitcoin, that's the best advice. Don't store in a wallet that you can't fully control like in a centralized Exchange, because you don't own the keys and when they go bankrupt like FTX, then your assets will disappear. Use a secure personal wallet.
There's no doubt that when you hold Bitcoin, everyone will suggest the same thing.