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Author Topic: Staking really great way in crypto wealth  (Read 707 times)
so98nn
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May 06, 2023, 06:17:22 PM
 #61

I am no fan but the only staking that I have followed successfully is the free Bitcoins FUN token staking program. Since they offer it via their premium feature program but it is still one of the staking programs too. They offer staking for 15 days, 30 days, 90 days, 180 and 365 days. You could easily get as much as 25% on the staked coins/tokens and thus be profitable in terms of earning the "same" coin/token or increasing the volume of your wallet for that staking alone.

Short-term staking gives less profit but you can unlock your tokens quickly and check if you are in profits in terms of USDT values, if not then you can always continue to stake.

The most profitable strategy so far is, to do compounding. That means, whenever you are given interest + principle amount, you should be reinvesting the total again. Thus profiting more with time.
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May 06, 2023, 07:52:31 PM
 #62

I am no fan but the only staking that I have followed successfully is the free Bitcoins FUN token staking program. Since they offer it via their premium feature program but it is still one of the staking programs too. They offer staking for 15 days, 30 days, 90 days, 180 and 365 days. You could easily get as much as 25% on the staked coins/tokens and thus be profitable in terms of earning the "same" coin/token or increasing the volume of your wallet for that staking alone.
...

I have fun with staking, and from my experience, it's a double-edged sword. Since you mentioned FUN, a week ago my "one-year FUN staking ended", since the price of FUN is touching some lows I didn't have some "great" results. Nevertheless, I am still active there and I still have some staked FUN, I decided to change my approach, but that is a different story.

Staking is bringing some passive income, but if we choose the wrong coin/token we will not make any profit. Simple as that, even if staking offers some crazy high returns they will not cover the investment if the price of the coin/token drops down too much.

The FUN token is a casino token, we can stake it to get more FUN tokens, and we will unlock some other perks on Freebitcoin by doing that, but that's it. Some other casinos have a different system, if you stake their tokens dividends are paid in some popular cryptocurrencies: BTC, BNB, TRX, USDT, ETH, and so on, depending on the casino and their system.

Today we can  "stake" money/crypto at banks, exchanges, wallets, different services, and casinos (believe it or not)... rates are different, as always the risky ones have higher returns, but there are some pretty safe staking options out there with low returns.  In the end, it's on us and are we ready to risk and let our money/coins work for us or not?

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May 06, 2023, 08:29:47 PM
 #63

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.
Staking something shouldn't be good and shouldn't be done on a centralized exchange, despite the short 14 day period as you mentioned and the bigger concern how when the coin staking time drops sharply and you lose huge value on the stake. To get a stable income it is not recommended to do staking, especially when dealing with altcoins that are not clear because there are lots of risks that you will accept if something unexpected happens.

While trading is much better than staking, there are many cases of coins losing up to 80% in selling value and there are many reasons why trading is much better than staking, risk and liquidity considerations are probably one of them, although some people think staking can generate passive income and it also depends on what kind of coin is staked.

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May 06, 2023, 09:19:40 PM
 #64

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.
Great way to earn but with regards to wealth, you must have a good capital here before you can feel the profit in staking and of course don’t just expect to become rich over night or even a year with just staking. Its good if you are able to timing the market at a cheaper price, though many are not aiming for this probably they are just waiting for the other crypto to become cheaper before they stop staking. I’ve done this before and with my small capital, its not that worth it.

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May 06, 2023, 09:48:12 PM
 #65

It will exactly depend on what stake you have. And it will also depend on how many coins to stake and how long to stake for you. I don' think it can be the best way, but it may be a good way for certain people, especially those who have big accounts and want to stake for a longer time investment. This will be probably worthy it for them, but if you only have small amount, this will be not worthy becuase the result is very smalll although we have been staking forlonger time.

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May 06, 2023, 09:51:44 PM
 #66

Great way to earn but with regards to wealth, you must have a good capital here before you can feel the profit in staking and of course don’t just expect to become rich over night or even a year with just staking. Its good if you are able to timing the market at a cheaper price, though many are not aiming for this probably they are just waiting for the other crypto to become cheaper before they stop staking. I’ve done this before and with my small capital, its not that worth it.
True.

Someone who think that staking is going to give him that much profit have to realize in able to attain that, one must have a big capital to do it.

But if you're not for that thinking and you just want to casually gain without doing anything then just stake the crypto that's stakeable in different platforms and wallets.

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May 07, 2023, 11:20:36 AM
 #67

The good thing about staking is that the income from the coins you choose is continuous, there is and will be a real profit even if you do nothing. But I think it's better for DEX to do it in my opinion.

Although it's okay with CEX it should only be trusted like Binance, that's why the stakes features are increasing in CEX and DEX because they see that it's real and there's profit here. So even if you are just a beginner you can enter the staking program of an exchange platform.

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May 07, 2023, 11:28:51 AM
 #68

Don't assume that your coin's staking is profitable and that you will continue to make money every day until the conclusion of the time; as we have learned from other coins that enable staking and are listed on larger exchanges like Binance, we cannot guarantee a constant price for the duration of the staking period. AXS and Solana are good research options because they both offer larger rewards for staking and have been listed on Binance. But if someone staked on an all-time high price before the staking period finished, both coins would have dropped precipitously and about 80%, so don't think that staking is the ideal way to get passive income from cryptocurrencies.
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May 07, 2023, 12:50:11 PM
 #69

It will exactly depend on what stake you have. And it will also depend on how many coins to stake and how long to stake for you. I don' think it can be the best way, but it may be a good way for certain people, especially those who have big accounts and want to stake for a longer time investment. This will be probably worthy it for them, but if you only have small amount, this will be not worthy becuase the result is very smalll although we have been staking forlonger time.
Better to use that small amount for trading because we can benefit from trading. But before we trade, we must know how good we are at trading to get the right time to trade. But if he still wants to try staking, he can try it to see the results over the next month or three. And if the results are good, he can continue, but if the results are unsatisfactory, he has to think again about continuing staking.
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May 07, 2023, 01:56:07 PM
Merited by CryptopreneurBrainboss (5)
 #70

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.
You don't need to be staking when the price goes up,for you to stake your coin you have a target, you can move further for investment or staking more when your target has not come to place, but it depends on individual plans of staking, actually staking have a durability, its when you have enough funds or you duration of staking has elapsed when you will stake more, but I like to encourage my fellow investors not to be greedy for anything doing, you might stake more and more and the price of cryptocurrency have to retrace to bearish because of negative information, so automatically you are at lost side.

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.
Investors knows the kind of investment that will propagate to itself, from the look of things I believe that what you know better is what you like doing provided you are benefiting or been beneficiary to it. Some people don't like staking because it's have not been unanimous especially to new investors, anyone mindset for cryptocurrency investment always go directly to trading, because trading it's always been pronounced to people concerning cryptocurrency investment.

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May 07, 2023, 01:57:19 PM
 #71

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.

I don’t know why you’re putting this topic in the trading section? How can staking be trading to you? This should be moved to an appropriate section maybe Altcoin Discussion.

As for staking, it is a double-edged sword method for me. Either you can make or break. Depending on the platform’s APY on the preferred coin or token that you are going to stake, there are no promises or astronomical guaranteed returns on its value after the staking ends.

Although the tokens you are expecting after a certain period of time are “guaranteed”, but the value itself isn’t due to the continuous volatility and very unpredictable. You may not know when it will go up or down without warning, so you better expect the unexpected in the end.

Pla
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May 07, 2023, 03:14:33 PM
 #72

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.

I hope you don't buy and stake coins and endup having zero worth on the chain, I'm trying to relate your post with what happen to the market last year, when the marekt was going down and down, so many people bought tokens and when they stake it, the coins continue to dump more the following months and the problem with this staking is that there is a condition that comes with it, there is a locking period when you stake a coin and no way to unstake it until that period reach, some may even allow you unstake but comes with a fee but they are few in numbers and they are still holding in loss till today.

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peter0425
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May 08, 2023, 04:16:08 AM
 #73

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.
Same as my way to take advantage of the market, have seen so much of this in the past that I did not pay attention till a friend of mine become millionaire because of staking ang holding.
Now I come to an idea that i only wanted to earn but not digging deeply.
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.
And not that easy mate, remember that this market is changing courses and we only speculating,
So what assurance can we get from it?









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May 08, 2023, 11:51:43 PM
 #74

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.
Same as my way to take advantage of the market, have seen so much of this in the past that I did not pay attention till a friend of mine become millionaire because of staking ang holding.
Now I come to an idea that i only wanted to earn but not digging deeply.
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.
And not that easy mate, remember that this market is changing courses and we only speculating,
So what assurance can we get from it?
A very newbie-like common impression about making fast deal on this crypto space and believing that making money is really just easy as pie on which this is where impulsive actions and mistakes could really happen. This is why its never been right for you to have this kind of mindset and emotion that you would be rushing up on making yourself getting rich because it wont really be something as it sounds.

Speaking about Staking then this is commonly known on earning more coins while you do part or holding it and different validators would really be offering good APY which it do really looks
worth while you are holding but the cons is that you arent owning those coins once you do make out that kind of transfer or transaction and this is something that i dont
really like and also with that unbonding period which it would be holding up for how many weeks before you could pull totally of those number of tokens
or coins you had staked on which it cant be possible you would be able to see once there's some price pump.

R


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May 09, 2023, 02:55:02 AM
 #75

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 always been a great option , but for those who wanted to see their folio moving here and there in certain period then they would love risking ,
at least they can have a enjoyable trading purpose , because most of those who love to stake are the kind of people that sees the word HODL.
and instead of Holding in their pocket/wallets, then they use options from exchange and other platform to conduct this stake chances.

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May 09, 2023, 12:52:02 PM
 #76

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 mostly good for people that having large holding of tokens on exchanges so they don't need to worry about what the market does whether there is high liquidity or not. When you stake your tokens you are going to earn do percentage ranging from 2% to 30% APY per annual. This is mostly going to favour those people that have large holdings and they will be able to earn good amount of money from  just staking your tokens or coins that  you have on the exchange.

 But it always has disadvantage when we stake so we should always ensure that the exchanges we are staking our coins is very reliable and we don't stake for too long because the market can go bullish and we might be expecting to sell some of our holdings to earn more.









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May 12, 2023, 05:40:50 PM
 #77

When you say staking, this indicates two things, that the currency works on the principle of proof of stake, or that there is a service that gives you a return from the deposit.

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.

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.

If you are looking for value, you will definitely stay away from all staking coins and services.
There are platforms which gives you interest from your crypto deposits but this is not what you call staking because the coins involved are not proof of stake. There is also no commitment on here. That means you can withdraw your money anytime but like staking, the interest that you can get is only small.

For some, this is better than just letting your money sit in your wallet and earning nothing. POS coins are not a fiat that can lose it's value in the long run but there might be POS coins who are not good enough to get a continuous support from the public. So it's important to make research before picking a coin that you want to stake. Another thing is to look for a trusted platform to stake your coins or better not stake at all since the risk is a bit high than the reward.
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May 22, 2023, 05:52:13 AM
 #78

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.
This will exactly depend on what coins and the amount you are staking. I have ever wanted to try staking on certain platforms. But, with the amount that I have and the period that I want, this is exactly not worth it. For, this is not appropriate for me although I have several amounts for staking, moreover sometimes, certain coins only give small APY. On the other hand, there may be certain platforms that give high APY, but we don't know the reputation and this will be a higher risk for us to stake it for a long time. Moreover, we cannot do anything to coins that we are still staking on, they are not able to sell even if their price keeps going up.

But once more, this is a personal preference. Some people may love staking to wait for long-term investment or holding. But some people prefer to do this. This becomes a personal decision. And everyone has their best decision to take and to do.

The decision is probably because they are willing to wait for a very long time. But I doubt that they won't sell in the bull run though. In the bear market, you can't sit seeing APY is not worth it. Accumulating in a bear market while the price is low is way preferable to waiting again for the price to rise in the bull run. That's another 4 years of waiting while the price keeps falling.

Yes, precisely things can happen for now that the stake can be seen in the most profitable way possible, but when the stake one can stop it whenever you want and withdraw your profits at once, but in general you must Always respect the term or the time that was Postponed, and what can happen there are two things, the risk that the price drops more and that investment is greatly affected and without being able to do anything, you cannot move that money completely Blocked, or the second option, which means That the price rises and that afterwards the benefits cannot be obtained until the Required time is met, I see it as a double-edged sword.

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irhact
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May 22, 2023, 08:25:53 AM
 #79

Staking is mostly good for people that having large holding of tokens on exchanges so they don't need to worry about what the market does whether there is high liquidity or not. When you stake your tokens you are going to earn do percentage ranging from 2% to 30% APY per annual. This is mostly going to favour those people that have large holdings and they will be able to earn good amount of money from  just staking your tokens or coins that  you have on the exchange.

Exchange are not good places to store your coins. Staking is also a good way to hold your cryptocurrency as it prevents you from selling when you want to since your staked tokens have to stay locked for some amount of time before you can access them to withdraw. If you want to stake any project, it should be done in your wallet that you have the private key to and not on centralized cryptocurrency exchanges.

Exchange have high APY and they do that to attract customers so they keep sending coins to the exchange but if the exchange gets hacked or it was to collapse just as it did to FTX exchange, the customers loses all the cryptocurency they were storing on the exchange.

R


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May 24, 2023, 03:11:48 AM
 #80

You are right, I agree with you. Staking can be a more passive and less risky way to earn from your cryptocurrency holdings than trading. When the price of the staked asset falls, you can indeed buy more and add it to your betting position, increasing your profit potential when the price recovers. However, as my advice, the value of the assets you are betting on can still fluctuate with market conditions. This means that if the asset's price drops, your staking reward may not be enough to offset the loss in value.

What's more, there are also some staking platforms that require you to lock up your assets for a certain period of time, or have a minimum number of coins to stake. So that it can limit your ability to access or sell it in the event of an emergency or market opportunity. Always check the latest staking for the platform you are using. However, it is important to understand the risks and choose a reputable platform or validator to maximize your staking rewards.

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