Staking advice needed

[TimeTeller]

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.

This is understandable to suggest bitcoin instead of other alts, as it is difficult to trust your hard-earned money to alts with no assurance of future.
At least with btc, being the top crypto, you know it won't disappear anytime soon. Alts come and go, but btc still remain at the top.
The popularity is also the reason why it won't go down easy. If you know even the ordinary people, they know the existence of btc but if you mention other alts, they don't know anymore.

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[Hypnosis00]

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.

Whether you are holding or staking, both are risks but we should know that staking is too risky when compared as we are handling our coins to the exchanges which have now the control of it. In this case, whatever they do with your coins, they can make it without your consent. However, if you are choosing a reputable exchange might lessen the risk. Many holders are doing this but for me, I'd rather keep my coins in my full control so I can trade or sell them anytime if I wanted, unlike when staking as there are terms we need to follow.

[FrozenBit]

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.

Or make sure the project you follow is safe enough and the risks you can accept from staking.
I see that the project is also very profitable, but there are also many projects that have evaporated people's wealth.
One of the things I've learned in this space is that nothing lasts forever, so I learned wealth management from everyone. Personally, I always prioritize the quality of projects and evaluate how long they can develop.

[Apocollapse]

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.

FDIC is an insurance company which can refund your money if the bank collapse, make sure you're deposit in a bank where it's backed with insurance company. Although it takes time, but refund is still refund, it doesn't like staking where your assets will disappear at any time.

Invest and stake are different, if you invest in Bitcoin and use non custodial wallet, your funds will never disappear as long as no one know your seeds.

[Pezroly]

For a long term holder/investor there is a serious risk to stake coins and tokens, and then not be able to take them back. Let say in https://atomicwallet.io/, STAKING PER YEAR - Cosmos ATOM 10%, Zilliqa ZIL 13%,ICON ICX 10%, Band Protocol BAND 13%, and Atomic Wallet Token AWC 20%. Is this reliable ? Who knows.
By the way, if you are interested I know one project with altcoins, where staking currently is ~1.2% per day, but there are some limitation for exchange, pm me, if interested, can send the link.

[Ojima-ojo]

Staking risk is based on the value at which you bought the staked coins and what the value will be at the end of the staking cycle,  but because of the unpredictability and unsustainability of the market value of most altcoins staking them has become less profiting.

I have never dived into staking before but with my knowledge of the altcoin market, I learned to stay away from auctions most especially staking or farming them.

[ANSEL_2.0]

For a long term holder/investor there is a serious risk to stake coins and tokens, and then not be able to take them back. Let say in https://atomicwallet.io/, STAKING PER YEAR - Cosmos ATOM 10%, Zilliqa ZIL 13%,ICON ICX 10%, Band Protocol BAND 13%, and Atomic Wallet Token AWC 20%. Is this reliable ? Who knows.
By the way, if you are interested I know one project with altcoins, where staking currently is ~1.2% per day, but there are some limitation for exchange, pm me, if interested, can send the link.

You claimed that staking coins and tokens are serious risk and yet you want to offer a project that gives 1.2% per day, how is that not a scam? That's 430% plus per year, so which one is scam project here? Band protocol is 13% per year, ICX is 10% per year and the one you want to recommend is over 430% per year, you don't know what you are doing, that project you are about to recommend to a fool like yourself is 100% a scam project.

[Sorryfor]

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 want long-term investment and stalking coins like Dogecoin, Shiv, USDT, ETH etc. Some of these can currently be invested and held. I think these tokens are suitable for long term holding. So you can invest them without any risk if you want.

[rahulzx]

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.

why that vendors allocate considerable rewards to liquidity providers than normal traders in their events? Can you provide the examples for large scale liquidity providers in crypto space?

[Xal0lex]

Staking risk is based on the value at which you bought the staked coins and what the value will be at the end of the staking cycle,  but because of the unpredictability and unsustainability of the market value of most altcoins staking them has become less profiting.

I have never dived into staking before but with my knowledge of the altcoin market, I learned to stay away from auctions most especially staking or farming them.

Staking is more or less justified when you buy coins at a public sale and the Launchpad prompts you to put your blocked coins into the staking. Then you get some benefit out of waiting to unlock your coins, and you're not tied to a price, because you can't do anything with your coins because they aren't available to you, either way, whether the price goes up or down.

[Iadegbola34]

Staking for long term gain is a whole lot of risk compared to just holding. Most staking platform promise insane APY that sounds to good to be true and they mostly end up becoming scam at the long run. So if long term is your plan, I'd advise you to just hold it for as long as tou want.

[carrie_white]

I think crypto staking is indeed more profitable than just relying on a percent of bank interest, and crypto staking is also safe to do in the long term, this depends on what coin you want to stake, my advice is BNB staking is more profitable and safe

[swogerino]

Staking for long term gain is a whole lot of risk compared to just holding. Most staking platform promise insane APY that sounds to good to be true and they mostly end up becoming scam at the long run. So if long term is your plan, I'd advise you to just hold it for as long as tou want.

To avoid this you need to stake to well known non custodial wallets which you know they will be with us,I say wallets because I rarely have seen any going away while I have seen a lot of exchanges,even super big ones fail miserably,FTX being the latest in these events.I personally stake Zilliqa in Atomic Wallet and the rewards they promise,they keep growing every day in my balance,I know I can withdraw them anytime,my only regret is not having much more money to buy and stake much more Zilliqa than my 8,000 which gives me about 2.5 Zilliqa a day in rewards from staking.

[Mpamaegbu]

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 had a nasty experience with some tokens I staked last year. At first, I was scared going into it but after a while with conviction from another crypto friend I jumped in. It was an enjoyable experience until that which I dreaded happened. I was compounding my tokens on the site I staked them. Then one day I tried to access the site only to discover that the site was down. Later, I discovered that it had scammed. It was like a dream to me. I lost a lot of funds in that encounter but then that's business. Life goes on. It still won't stop me engaging in staking if I see an enticing offer again.

[Abiky]

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 of holding PoS coins is market uncertainty. They're often subject to wild fluctuations in price, especially if they have high inflation rates. Most of the PoS coins you see on the top ranks in market cap, have a system where you "delegate" coins to validators or third-parties. It makes them centralized and subject to failure in the long run. Old PoS coins like Blackcoin, Diamond (DMD), and Peercoin are much more decentralized as they allow you to stake your coins in your own wallet. But the downside is that you need to leave the wallet open 24/7 if you want to increase your chances of earning from your stake.

If you want to play it safe, just stake ETH at a decentralized staking pool (eg: Rocket Pool or Lido.fi) and you're good to go. You can also stake tokens if you want by making a deposit in a liquidity pool. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my two cents

[stadus]

Most crypto exchanges encourage investors to stake their coins for additional rewards.
Well, I think OP you should have to understand first what is staking. Don't even try this if you don't have any idea, never try this if you are not sure about this, and most of all, you should know the risk.

Honestly, staking gives you just a penny while these exchanges are earning more from it. It is just like a bank as the depositors get only a few percentages while they are benefiting more.

[killerfrost]

The first one that I think everyone needs to be aware of in terms of the risk of not being profitable, along with that for long term holders/investors, there are some possible risks when placing a bet. on coins and tokens that they intend to hold for a long time as the cryptocurrency market can change very quickly and unpredictably. The price of cryptocurrencies and tokens can suddenly increase or decrease, and this can affect the value of your investment. And as a matter of security, if you store your funds in an unsafe or improperly protected electronic wallet, you may lose your funds due to cyber attacks or technical failures.

[jossiel]

I'll give everyone a tip about staking, it's better to have that less APY than to take risk and get those too much APY/APY that you're unsure if the project is gonna be successful.

Most projects that are still on the early stage will do that because it's part of being new and that's sort of enticement to the investors. Usually with high APYs, you'll get attracted to it but you'll be unsure if it will take long as the higher the APY, the lower number of investors involved.

[darewaller]

I'll give everyone a tip about staking, it's better to have that less APY than to take risk and get those too much APY/APY that you're unsure if the project is gonna be successful.

Most projects that are still on the early stage will do that because it's part of being new and that's sort of enticement to the investors. Usually with high APYs, you'll get attracted to it but you'll be unsure if it will take long as the higher the APY, the lower number of investors involved.

I think there is also a staking platform that allows you to unstake your coins anytime or after some days or weeks. This is perfect if you are staking new coins which you are doubting if they will be successful in the long term or not. For the older coins like for example ETH, their staking time is usually a year or can be longer than that. The minimum coin to be staked is also much higher.

I think this is only perfect for those whales and institutions. For us retailers we can only hodl the old coins and we can still make a profit with it. The good about simply holding a coin is there are no commitments but we are free to sell our coins anytime we like.

[The Cryptovator]

Although staking is a popular way to earn rewards in the cryptocurrency market, I have not personally engaged in it. I prefer to store my funds in a non-custodial or hardware wallet, as I am not willing to take any risks with my investments. With the numerous dramas and uncertainties surrounding the crypto market, I prefer to avoid potential pitfalls and safeguard my assets in my own hardware wallet. Staking involves significant risks, including a locked period and market volatility, both of which are unsuitable for my investment strategy. Therefore, I choose to stay away from staking altogether.