Is it wise to stake your crypto currency

[FrozenBit]

Whether it's really good or not is up to you to decide in this regard. Usually, staking is for people with large assets because it brings high returns for such objects. However, it also has a degree of risk when you are locked out of a certain amount of coins to receive rewards, not being able to control them yourself, and the risk of losing your property if one of them is unfortunate enough to have a problem. So think carefully about the problem before making a decision.

[Amejoaquim]

I’ve been staking ATOM for over a year or so now and good god is it satisfying!
I have zero interest in cashing out solely due to the fact that I keep seeing it compound continuously.
I'm gonna sell my investment until my target achieve.

[Bolivar_Tony]

Staking your coin is welcome idea and a good thing to do especially when you are on a medium or long term hodl, instead of leaving the coin to lay idle, it's better to put it into good use to bring more return to you, But it's advisable to stake in a trustable platform to avoid losing your coins.

[axxo]

Staking would depends on the individuals risk tolerance and financial goals. Staking crypto currency can be a smart strategy but before doing that do a research first. There are some advantages and disadvantages staking of crypto currencies. Staking can generate a passive income in the form of reward for holding and securing the network, It can also provide lower risk investment options compared to trading or buying and holding crypto currency. It can also support the network's security and decentralization, which can benefit the overall cryptocurrency ecosystem. Some disadvantages could be the risk of losing money especially if the value of the stake crypto currency decreases significantly. Staking requires a minimum amount of cryptocurrency to be able to participate.

[indo1]

i think risking is better than hodl for now. because we can enjoy volatile market times to keep making a profit. unfortunately staking is usually done by people with large capital. if we feel that we are not benefiting from staking. try to pay attention to new projects, usually they create momentum by ignoring negative market trends.

[globalpain]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

Staking is also necessary because you can get additional coins or USD,
but if you want to stake we its need to analyze the market first,
because if the altcoin you are staking experiences a deep dump then obviously you will lose and it is useless,
but if the altcoin you are staking pumps it is clear can get double profit, from profit pump and from profit staking.

[IvugeoEvolutionCoin]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

if you are investing for the long term, then staking is the right choice, because it can help you to increase the number of your coin that you invest, but if you are investing for the short term or trading, then my advice is that you better not do staking, because if the price of coin that you invest has increased very high, then you can't sell it right away to take profit, so it's better for you to just hold it in your wallet and not staking it.

If one wants to invest for a long term then staking will be very profitable. By staking the coins will increase and on the other hand if the price of the coins will increase then it will be profitable in all directions. But I think short term trading is very profitable due to some reasons.  If you make some profit, it will become a very large amount at one time. And there is very little chance of loss.

[abel1337]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

if you are investing for the long term, then staking is the right choice, because it can help you to increase the number of your coin that you invest, but if you are investing for the short term or trading, then my advice is that you better not do staking, because if the price of coin that you invest has increased very high, then you can't sell it right away to take profit, so it's better for you to just hold it in your wallet and not staking it.

If one wants to invest for a long term then staking will be very profitable. By staking the coins will increase and on the other hand if the price of the coins will increase then it will be profitable in all directions. But I think short term trading is very profitable due to some reasons.  If you make some profit, it will become a very large amount at one time. And there is very little chance of loss.

I don't think so. Imagine people stake their coins during bull market up today, I'm pretty positive that most of them is on negative right now. Staking is not applicable to majority of the altcoins out there and you can possibly earn in it if you really trust the possible growth of the altcoin that you use in staking. If staking is a very profitable way with a little chance of losing, I'm sure that most of us will only do staking and stop trading, investing or other types of way to make a profit. Everything that has to do in making profit has a risk and for me I don't consider staking to have "a little chance of losing".

[TheSpiral]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

Staking is best for those who want to hold tokens for long term because it will generate some yield token to maximize tokens. staking is much better option than just holding but we should know the locking period and apy before locking. some validators lock tokens for month or more and you cannot sell your token before unlocking and you have to wait this unlocking period. I remembered when luna crash was happen, many users was not able to sell because there tokens was locked for 22 days.

[cabron]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

Staking is best for those who want to hold tokens for long term because it will generate some yield token to maximize tokens. staking is much better option than just holding but we should know the locking period and apy before locking. some validators lock tokens for month or more and you cannot sell your token before unlocking and you have to wait this unlocking period. I remembered when luna crash was happen, many users was not able to sell because there tokens was locked for 22 days.

22 days of locking period before you'll be able withdraw and sell is like the catch in this staking POS. Sad part in staking with such tokens is that you might miss the day that you supposedly sell.

However an investor would prefer to just stake when they plan to hold for a long period of time.
There are tokens that doesn't do that 22 days. TRX as the example of OP I think don't do that.

[Fredomago]

In most custodian wallets like trust wallet staking is available for most crypto currencies including trx.is it better to stake such a coin or hodl it

if you are investing for the long term, then staking is the right choice, because it can help you to increase the number of your coin that you invest, but if you are investing for the short term or trading, then my advice is that you better not do staking, because if the price of coin that you invest has increased very high, then you can't sell it right away to take profit, so it's better for you to just hold it in your wallet and not staking it.

If one wants to invest for a long term then staking will be very profitable. By staking the coins will increase and on the other hand if the price of the coins will increase then it will be profitable in all directions. But I think short term trading is very profitable due to some reasons.  If you make some profit, it will become a very large amount at one time. And there is very little chance of loss.

I don't think so. Imagine people stake their coins during bull market up today, I'm pretty positive that most of them is on negative right now. Staking is not applicable to majority of the altcoins out there and you can possibly earn in it if you really trust the possible growth of the altcoin that you use in staking. If staking is a very profitable way with a little chance of losing, I'm sure that most of us will only do staking and stop trading, investing or other types of way to make a profit. Everything that has to do in making profit has a risk and for me I don't consider staking to have "a little chance of losing".

Got that point and very logical, if staking has a lesser risk investment for sure more investors will follow the system and might see lesser traders inside the market, but yeah it's about the timing and how good your research before jumping into any conclusion about staking coin/s more on personal take and how you trust the team behind every project.

Passive opportunity if you manage to enter and stake during the early stage and manage to sell it out when it's picking before the market fall against you.

A decision to make that you really need to understand the potential and the risk behind the business.

[justdimin]

Whether it's really good or not is up to you to decide in this regard. Usually, staking is for people with large assets because it brings high returns for such objects. However, it also has a degree of risk when you are locked out of a certain amount of coins to receive rewards, not being able to control them yourself, and the risk of losing your property if one of them is unfortunate enough to have a problem. So think carefully about the problem before making a decision.

I agree, when you have 100 dollars with 5% yearly return that's just 5 bucks a year, that doesn't really feel like much, you can do with that 100 bucks a lot more in a year to get a lot better results, not as guaranteed but even staking is not guaranteed so it doesn't really make sense.

However, if you talk about something like 100 million, that right there is 5 million, in fact if you talk about even just 1 million, that's 50k, more than enough for the whole world, and most of the world could even live with 100k which would have 5k yearly return, not ideal, but there are nations you can live with that. So all in all I would guess that it would be a smart decision to stay away from it as much as possible, not saying you must, but it is a good idea if you do not have much.

[lobo13hf]

nowadays i will suggest only to look out for the investment, staking doesn't seem to be that much great of an option nowadays.
it's just a way of stacking rewards and that's it, current altcoin value fluctuates a lot, that I think it's better trading the asset than staking it.

[Humility4sure]

Staking cryptocurrency is wise, if you have a goal for holding long term. It keeps your mind off the cryptocurrency and you get rewarded for  staking. The only thing I find uncomfortable is the fact that the staking reward is in most cases meager especially if you are staking in reputable institutions.

[TastyChillySauce00]

Staking and hodling are different ways of investing in crypto. Staking gives you income, but hodling gives you potential growth. Choose what suits you best.

Staking will be giving you capital gain as well as holding. it's caused by when you were staking your asset and that means if you are also holding your assets. Staking will give you more benefits as you will be also able to get additional income from what you have been holding.
You can try to learn more about that to know what staking is. It's not only about getting interest from staking your assets.

[bitkanu]

Staking cryptocurrency is wise, if you have a goal for holding long term. It keeps your mind off the cryptocurrency and you get rewarded for  staking. The only thing I find uncomfortable is the fact that the staking reward is in most cases meager especially if you are staking in reputable institutions.

that's true, everyone is trying to stake and get some reward out of it, especially the stablecoin staking, so it reputed platform like binance for example, the APY was some measly amount.
therefore most of the time it'd just become waste of time.

[JayTrain]

Staking or hodling TRX depends on your goals and risk tolerance. Staking can generate passive income, but it carries risks like lock-up periods and network vulnerabilities. Hodling allows potential price appreciation. Consider your investment objectives before deciding.

[israt1@]

You can stake the first row tokens in the market. Because if they fall in price, there is no chance of falling. Your loss will be less. And if you stake an alt coin, you cannot say whether you will make a profit or a loss. But if you stake the first row Better to tokenize

[jacafbiz]

Staking is a trap for most tokens, the team will lock your tokens and will keep diluting you until the value become valueless, I made this mistake before and won't do it again, as more tokens are released to the market, people will take it and dump them immediately on the market and the price will be suppressed, some tokens have good tokenomics to protect token holders but most of these projects have a very bad designed tokenomics, I remember stupidly buying PathDAO tokenduring IDO and staked it after the IDO, the price never went above the listing price since day one because the inflation was so high and people keep harvesting these tokens and dump them immediately on the market.

[RussianEnglishTranslation]

Staking is a trap for most tokens, the team will lock your tokens and will keep diluting you until the value become valueless, I made this mistake before and won't do it again, as more tokens are released to the market, people will take it and dump them immediately on the market and the price will be suppressed, some tokens have good tokenomics to protect token holders but most of these projects have a very bad designed tokenomics, I remember stupidly buying PathDAO tokenduring IDO and staked it after the IDO, the price never went above the listing price since day one because the inflation was so high and people keep harvesting these tokens and dump them immediately on the market.

It depends on the project. If you staked Polygon since ICO you would be rich right now. The same is true for Q Blockchain likely, which hasn't listed on an exchange yet. NEAR protocol also has good staking rewards.