hd49728
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Fully Regulated Crypto Casino
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May 01, 2023, 03:14:53 AM |
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POS coins lose their value in the long run. It is true that money increases by a certain percentage, but its value after the increase is less than its real value, and therefore you lose the value of your money.
It is called as impermanent loss with staking. [DeFi Tutorial] What is Impermanent Loss?The services that give you a return from the deposit are good, but they are central and you need to trust them, as it is possible and in an instant to lose your capital without compensation.
When you stake your coins, you will have to lock it on one DeFi platform and its staking pool, that means you will not only have to trust that service and their capital management as well as its solvency capability to proceed your staking claim later as well as withdraw your initial coin. There is risk of security that can cause to hack on that platform, smart contract which all can lead to new token minting from thin air as well as massive de-peg for that token value. You are no longer control your capital when you buy a stakeable coin / token and stake it. Reminder: do not keep your money in online accountsIf you are looking for value, you will definitely stay away from all staking coins and services.
Not true. Depends on when you start staking (very early or too late) and when you exit. First it is to avoid impermanent loss. Second it is to avoid collapse of Ponzi scheme. You should know that even a Ponzi platform won't collapse at its early days. The later you join a Ponzi project, a more risk you will see its insolvency and collapse. Read the Bit Connect Ponzi scam to get what I mean. BitConnect Founder Indicted in Global $2.4 Billion Cryptocurrency SchemeBitconnect, which has been accused of running a Ponzi scheme, shuts down
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irhact
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May 01, 2023, 04:12:37 AM |
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Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more. The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days. No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.
Staking can be a good way to crypto wealth since for you to be able to stake your coins, you have to be holding them first and holding its already the best way to invest in cryptocurrency as when you hold, you increase your chances of profiting from the investment. While you stake or hold, you have to be observing the market for any development that'll be negative to the project growth so you sell and exit. Don't get married to your investment because they can still disappoint, that projects that you believed so much in can because bad due to some circumstances not under your control. The project might get hacked and this make investors to lose interest and trust in the project which will cause a dump.
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Strongkored
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May 01, 2023, 07:39:42 AM |
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Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more.
That's the theory, but the theory will not always be true especially this is the crypto world that can change in just a few minutes, right now you can see your coin staking is profitable but it is very possible in one minute to drop very far even when you sell coins and your staking results remain in a state of loss and very likely a big loss. So indeed you have to know theory in staking and the crypto world but fully believe that theory will always be right the way is wrong and will only lead you to losses, so always be careful in this crypto world, because what you think is right can be wrong and disappoint you.
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FUCKBSVFUCK
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May 01, 2023, 06:37:47 PM |
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I'm not sure if you are talking about an exchange or a crypto exchange, but it's a good way to earn money. In my opinion, this is the best way to earn money. 1\.2\.3\.4\.5\. Invest in a crypto exchange. There are many ways to earn money, but I have no idea how to do it.
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Lanatsa
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May 01, 2023, 10:59:40 PM |
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Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more. The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days. No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.
Staking is indeed worthy but it would really be depending on what or which coin you are investing on specially on top ones but speaking about staking some other shitcoin with no real use case then i wont really be that worth i would say. On the time that you would be seeing that the price of a certain coin you've been staking then we know that theres a unbonding period which means that it would be still pending and you cant really sell it right away on the time that there would be some pump. This is the thing i dont really like when in staking. I dont mind though if i dont earn extra tokens but rather on preferring those coins would be sitting and ready for sell in case there would be some price surge but if you are really tending to hold on a coin just because you do see that it does have that potential then having it staked would be idea. but of course you should really know about those simple details.
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GreatArkansas
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May 01, 2023, 11:47:39 PM |
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Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more. (....)
For those with the required technical expertise and a long-term investment horizon, cryptocurrency staking can be an effective and secure investment strategy. It's crucial to understand the risks, though. Risks here just for example the value de-pegging of stablecoins or hacks on centralized platforms that offer staking just like centralized exchanges which is common for me.
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adaseb
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Up to 300% + 200 FS deposit bonuses
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May 02, 2023, 04:23:58 AM |
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Staking and earning yield has a bad reputation due to what happened with all those lending platforms that went bust. People basically didn’t want to take risk, so they lent their crypto to earn a yield and look what happened.
So sure it’s great however there are way too many underlying issues, especially when it can get stolen. Even those liquidity provider on Defi is risky due to IL or due to some bug which drains all the funds.
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hd49728
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Fully Regulated Crypto Casino
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May 02, 2023, 09:49:02 AM |
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Staking and earning yield has a bad reputation due to what happened with all those lending platforms that went bust. People basically didn’t want to take risk, so they lent their crypto to earn a yield and look what happened.
They collapsed because they provided unrealistic high APYs that contributed to their unsustainable staking programs for their users. However, those collapsed platforms are not representatives for the staking industry which surely has more companies and many are better than those weak and collapsed platforms. If they have good risk analysis and provide not too high APYs, they are more sustainable and can be better to avoid collapses. Those lessons from collapsed DeFi in 2022 is crucial and helpful for the rest companies to adjust their programs. For those with the required technical expertise and a long-term investment horizon, cryptocurrency staking can be an effective and secure investment strategy. It's crucial to understand the risks, though. Risks here just for example the value de-pegging of stablecoins or hacks on centralized platforms that offer staking just like centralized exchanges which is common for me.
It is advisable to not store coins on centralized exchanges but I know not all people do this. If they are ready to store their coins on centralized exchanges for a long time, why do they not consider joining staking programs to have passive rewards? It is a good offer for those people who already accept risk of storing coins in online accounts.
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Yamifoud
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May 02, 2023, 12:48:33 PM |
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Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more. The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days. No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.
It could be one way of earning a profit but this is not the best way of earning. Because what you did is just you are simply risking your funds more than just holding them in your controlled wallet. Might you be right in saying it was great but if you know to trade, I don't really think it is the best option to take, I'll go trading instead and make money more than the profit that I could get from staking. Because if you actually know about staking, you will realize that your money doesn't grow fast but what you get is just a few bucks while these exchanges where you staked had earned more.
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Smack That Ace
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May 02, 2023, 02:01:43 PM |
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Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more. The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days. No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.
It could be one way of earning a profit but this is not the best way of earning. Because what you did is just you are simply risking your funds more than just holding them in your controlled wallet. Might you be right in saying it was great but if you know to trade, I don't really think it is the best option to take, I'll go trading instead and make money more than the profit that I could get from staking. Because if you actually know about staking, you will realize that your money doesn't grow fast but what you get is just a few bucks while these exchanges where you staked had earned more. There is no such thing as the best way to make money. Trading is not easy, and there is no guarantee that you will always make a profit daily, monthly...everything has its risks. If you are a trader, you have no choice but to use centralized exchanges. But if staking to earn a few dollars, we have to risk depositing our money in centralized exchanges, that is too risky, and the reward is not worth it. Don't forget the collapse of lending and staking platforms last year. I would rather hold my assets in a non-custodial wallet and wait for the bull season to come than take too much risk staking coins on CEX with too small returns.
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Dr.Bitcoin_Strange
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May 02, 2023, 02:27:00 PM |
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You can wake up the next day and find that the centralized exchange you are trusting your coins with has folded, and you can't do anything to get your lost coins back. And by the way, this staking on exchange you are talking about doesn't really add much interest to your coin (so, it's not really a great way to make crypto wealth), despite the fact that some of those CEX have a 14-day or one-month lockup period, but it doesn't add much interest to your coins. If you doubt me, you can tell us the amount of coin you have staked and the dollar value of the coin, so we know if it really is worth anything. I can tell you that exchange staking is not a real method to gain crypto wealth. It is better to hold your coin in a self-costodial wallet so that you have control of your asset than to leave it on the CEX.
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Gallar
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May 02, 2023, 03:29:40 PM |
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Staking when price fall you just buy more and put in to staking once price goes up you don't need to sell it you continue to staking so after u earn more. The new feature on exchangers the EARN could be one of the best ways to earn income some of them Even no lock up or little as 14 days. No liquitation risk and you sleep well newbie friendly method..instead of trading off course If you know what you doing trading good Also but staking Are great one.
Regarding risking crypto assets, you are right that sometimes by risking them if you are lucky you can get quite large profits, but it takes a strong enough mental preparation for all the worst possibilities, namely in essence a sizable loss. Maybe for people who dare to take high risks it would be great. It's like staking crypto. This method is indeed a simple way to do, especially for people who are busy with other jobs, surely by staking crypto this is an easy method to implement. But all these conveniences, do not escape the name of a fairly large risk. One of them is the occurrence of a sizeable price decrease in crypto assets, something like that will create a sizable loss for people who stake on the crypto, especially if you stake crypto by locking the assets, you will definitely face losses. and for beginners in crypto, I don't recommend doing this crypto stake method, for fear of being scammed. Because beginners still have very little knowledge about trusted sites or blockchains.
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fullhdpixel
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May 03, 2023, 08:11:11 PM |
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Regarding risking crypto assets, you are right that sometimes by risking them if you are lucky you can get quite large profits, but it takes a strong enough mental preparation for all the worst possibilities, namely in essence a sizable loss. Maybe for people who dare to take high risks it would be great.
It's like staking crypto. This method is indeed a simple way to do, especially for people who are busy with other jobs, surely by staking crypto this is an easy method to implement. But all these conveniences, do not escape the name of a fairly large risk. One of them is the occurrence of a sizeable price decrease in crypto assets, something like that will create a sizable loss for people who stake on the crypto, especially if you stake crypto by locking the assets, you will definitely face losses. and for beginners in crypto, I don't recommend doing this crypto stake method, for fear of being scammed. Because beginners still have very little knowledge about trusted sites or blockchains.
It is true that we are talking about something that is risky when we are trying to make a lot more money but at the same time we are talking about a deal that is potentially losing all of our money as well. There is no reason to do this if you think that you can find alternative ways you could make a profit from. I personally believe that the best thing to do right now is to make sure that we could make a profit using this method and that should be fine. I know that it's not going to be a big deal, but at the end of the day if you could just focus on what is real and realistic and act on that, instead of risking too much and buying something that may crash to zero, that would be a lot better and I feel like that should be a good deal.
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dunfida
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May 03, 2023, 09:45:07 PM |
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Regarding risking crypto assets, you are right that sometimes by risking them if you are lucky you can get quite large profits, but it takes a strong enough mental preparation for all the worst possibilities, namely in essence a sizable loss. Maybe for people who dare to take high risks it would be great.
It's like staking crypto. This method is indeed a simple way to do, especially for people who are busy with other jobs, surely by staking crypto this is an easy method to implement. But all these conveniences, do not escape the name of a fairly large risk. One of them is the occurrence of a sizeable price decrease in crypto assets, something like that will create a sizable loss for people who stake on the crypto, especially if you stake crypto by locking the assets, you will definitely face losses. and for beginners in crypto, I don't recommend doing this crypto stake method, for fear of being scammed. Because beginners still have very little knowledge about trusted sites or blockchains.
It is true that we are talking about something that is risky when we are trying to make a lot more money but at the same time we are talking about a deal that is potentially losing all of our money as well. There is no reason to do this if you think that you can find alternative ways you could make a profit from. I personally believe that the best thing to do right now is to make sure that we could make a profit using this method and that should be fine. I know that it's not going to be a big deal, but at the end of the day if you could just focus on what is real and realistic and act on that, instead of risking too much and buying something that may crash to zero, that would be a lot better and I feel like that should be a good deal. Im aint really on having the courage on parking out my coins into those validators and would be having those staking.Yes, it could make you earn more coins out of those parked coins but we cant be able to tell on when those things turns out to be shit and on the time that you would really be selling out just because you do see some pumping opportunity or moment then it is really just sad that unbonding period is really just the main hindrance on why you wouldnt be able to do so. Just like what most been saying on here, and also with APY's which its really that good to look at on but it would be always varying on the coin/token value, because if it do drops then all of your accumulation would really be still useless but well these things would really be depending on you on which on how much risks you could be able to put on. We cant just know on what would happen next.
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shinratensei_
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May 04, 2023, 12:18:02 AM |
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Staking and earning yield has a bad reputation due to what happened with all those lending platforms that went bust. People basically didn’t want to take risk, so they lent their crypto to earn a yield and look what happened.
So sure it’s great however there are way too many underlying issues, especially when it can get stolen. Even those liquidity provider on Defi is risky due to IL or due to some bug which drains all the funds.
this much is true, staking might sometime pose some risk of losing the investment staked altogether, even there are also histories of harmful staking contract that could drain the money. usually i'd refrain from staking my money in newly founded platform as it's still lacking the reliability that i can trust it enough with my money. instead i'd just stake in binance or somewhere else that already has the reputation. but even then the apy and interest aren't really sufficient so it could be waste of time, generally though in term of staking and even providing liquidity you will be required to have big capital if you want to have meaningful profit generated from it, otherwise you should forget about accumulating wealth massively as we have pictured, even those with massive APY are nothing but illusion for marketing, of course the high APY also come with some risk like the altcoin eventually losing the value and even got rugpulled.
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darewaller
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May 04, 2023, 03:16:39 PM |
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You can wake up the next day and find that the centralized exchange you are trusting your coins with has folded, and you can't do anything to get your lost coins back. And by the way, this staking on exchange you are talking about doesn't really add much interest to your coin (so, it's not really a great way to make crypto wealth),
That is one of the risks in staking, that a platform can get seized but I think it's also possible to stake without transferring your funds into someone else. This is more safer but I don't know if there are disadvantages of doing this like a reduction in reward, something like that. I see that the staking rewards in a centralized platform is also small so it's not worth the risk then. Better if we will just hold the coins in our own or do trading, as this two are already known as the best ways to earn a profit. I can tell you that exchange staking is not a real method to gain crypto wealth.
I wouldn't say its fake either unless if the exchange was a scam. Maybe you mean to say is that, staking is not effective if one is having an ambition of earning a huge a income.
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Dr.Bitcoin_Strange
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May 04, 2023, 08:04:12 PM |
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I can tell you that exchange staking is not a real method to gain crypto wealth.
Maybe you mean to say is that, staking is not effective if one is having an ambition of earning a huge a income. Well, yes, if that's what it is. It's really not a very effective way because the ROI is very low. I don't know, but after staking, I think the exchange uses the staked token or coin to make a huge profit, whereas they only give you a little profit as ROI. Imagine staking $1000 for like two months on Binance, and you can not even get up to $15 in ROI for that period of two months. It's really poor to me; I don't know what others think, though. At least if the person has loaned that money out for like two months, they will have about $20 in interest or even more.
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Blowon
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May 04, 2023, 09:12:58 PM |
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unfortunately these staking are those who are very patient in reaping profits. Real staking usually takes quite a long time and a lot of capital for moderate profits. well, if it is to fight an unstable market staking is the best option. I recommend not staking on new websites or on high APY as they have a short life to invest.
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bittraffic
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May 04, 2023, 09:22:39 PM |
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unfortunately these staking are those who are very patient in reaping profits. Real staking usually takes quite a long time and a lot of capital for moderate profits. well, if it is to fight an unstable market staking is the best option. I recommend not staking on new websites or on high APY as they have a short life to invest.
As usual you benefit more when you bought your tokens at the very early stage of the project where the price is just cents that even after the bull run, you still can see its profiting and you won't be scratching your head regretting you should have sold while the price was high. Those who bought Cardano (ADA) while the price was just $0.02 enjoys it still while those who bought at $3 are quitting before it even dip to $2. That's the lesson to learn every time a bull market is about to end.
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kojektea
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May 04, 2023, 09:51:02 PM |
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t makes more sense to use it when in a negative market. because staking can make us produce even though we have to wait longer, but it's much safer than having to trade when the market is negative. although this takes a long time and the actual staking should be with not too high APY to avoid rugpulls in the future.
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