Is it wise to stake your crypto currency

[cute nmp]

Staking r cryptocurrency can be a wise decision depending on one's  investment goals and risk tolerance. Staking allows you to earn passive income by participating in the blockchain network and validating transactions. However, it's important to thoroughly research the project, understand the associated risks, and consider factors like the project's credibility, security, and potential returns before deciding to stake your crypto.

[gaston castano]

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.

I understand that you've had a negative experience with staking tokens and have concerns about tokenomics in many projects. It's important to note that the cryptocurrency and blockchain space is still relatively new and evolving. While there have been cases of projects with poorly designed tokenomics or teams that have acted in a way that negatively impacts token holders, it's not a universal truth that all staking is a trap or that all token projects have bad tokenomics.
Tokenomics refers to the economics of a token, including factors like supply, demand, inflation, deflation, and distribution mechanisms. Well-designed tokenomics can provide incentives for token holders and encourage participation in a project's ecosystem

[v3liana]

Gotta stack them stacks! Always be sure where your staking rewards are coming from - are they from the protocol, or some other means, as if they’re offered by a cex you’ll be almost certainly getting ripped off.

[deean_3one]

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

Everyone is different. Maybe adda who tends to stake to get more profit. But if I personally choose not to do it. I chose to buy then keep and hold it until the right time to sell the coin.

[passwordnow]

Everyone is different. Maybe adda who tends to stake to get more profit. But if I personally choose not to do it. I chose to buy then keep and hold it until the right time to sell the coin.

Buying and holding these assets we buy is the best thing to do. Yes, there's profit in staking but do you guys think that it's worth the risk if the risk is it could be gone for real? I'm telling this because many do like to stake in exchanges and there's no guarantee they'll get back those assets they've put into stake if problems exist with their service. While for some wallets that have that service, you still think of the risk if you can take that.

[Fredomago]

Everyone is different. Maybe adda who tends to stake to get more profit. But if I personally choose not to do it. I chose to buy then keep and hold it until the right time to sell the coin.

Buying and holding these assets we buy is the best thing to do. Yes, there's profit in staking but do you guys think that it's worth the risk if the risk is it could be gone for real? I'm telling this because many do like to stake in exchanges and there's no guarantee they'll get back those assets they've put into stake if problems exist with their service. While for some wallets that have that service, you still think of the risk if you can take that.

Good point, the risk is added when you are staking the coin to a wallet that you are not the one who fully controlling the transaction, you don't know if what will be the possibility and if that particular asset dumped hugely you don't have any control and same with if the asset pump hard and you are into a locking time frame you can't do anything as well.

Better to buy and hold. Just make sure that both your knowledge and trust are both in the same project that you are supporting.

[nicolas222]

Better to stake altcoins to earn a little bit, well perhaps with the exclusion of bitcoin, i completely trust trust wallet even if it is not open source, then there are many defi or dapps platforms where you can stake altcoins with high percentages

[MiF]

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

It is better to stake than to hold because you can get profit on staking than holding your coin, but we need to be sure about the staking platform if it is legit or not because there are also staking platform that is scam and only build to stole your assets find a proven and trusted platform to stake for good.

[Zee27]

 I'll say staking is really ideal as it has a more predictable return. I recently started staking via the Bitget earn products; Flexible savings and so far it has been good, with APR ranging to 200%. The latest one I staked is BMTC with an APR of 120%.

Hodling without staking adds no increase/earnings afterall.

[terencio]

Staking and hodling are two different approaches to crypto investment. While hodling is a relatively simple strategy of holding a digital asset for a long period, rather than selling, staking offers rewards for participating in the creation of new tokens¹.

[tygeade]

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

It is better to stake than to hold because you can get profit on staking than holding your coin, but we need to be sure about the staking platform if it is legit or not because there are also staking platform that is scam and only build to stole your assets find a proven and trusted platform to stake for good.

Holding or investing can give you profit as well but I think staking provides you more profit. It is only risky because we are mainly putting our coins to another platform and then there is a lock-in period which means we can't withdraw and sell our coins during a bull run if the staking period is not yet finished but as long as we bought and stake a good coin, we are sure that it will pump again on the next bull run and before it happens we will need to unstake them for a while. Another thing is that staking has a minimum.

Sometimes these minimums are high like for example in ETH it requires 21 ETH to stake and the lock-in period can run for a year. Only elites are the ones that can do this.

[SirLancelot]

Everyone is different. Maybe adda who tends to stake to get more profit. But if I personally choose not to do it. I chose to buy then keep and hold it until the right time to sell the coin.

Buying and holding these assets we buy is the best thing to do. Yes, there's profit in staking but do you guys think that it's worth the risk if the risk is it could be gone for real? I'm telling this because many do like to stake in exchanges and there's no guarantee they'll get back those assets they've put into stake if problems exist with their service. While for some wallets that have that service, you still think of the risk if you can take that.

I don't really think it's worth it even if you are using a wallet or a separate website for the staking because you never know what happens. What if you have staked a lot of tokens and the price of that token started crashing all of a sudden? And you can't withdraw the staked funds because the contract doesn't allow you to do so, that is when you will lose all the money you have invested if you are not lucky and the price of the token doesn't recover at all.

I know it doesn't happen with all the tokens and coins but when we talk about altcoins, we all know that there are great risks involved with them, we have seen altcoins crashing to almost zero and leaving all their investors stunned losing thousands of dollars in investments in that single altcoin.

[adzino]

I don't really think it's worth it even if you are using a wallet or a separate website for the staking because you never know what happens. What if you have staked a lot of tokens and the price of that token started crashing all of a sudden? And you can't withdraw the staked funds because the contract doesn't allow you to do so, that is when you will lose all the money you have invested if you are not lucky and the price of the token doesn't recover at all.

I know it doesn't happen with all the tokens and coins but when we talk about altcoins, we all know that there are great risks involved with them, we have seen altcoins crashing to almost zero and leaving all their investors stunned losing thousands of dollars in investments in that single altcoin.

1. You shouldn't stake on a "separate" website. If you use centralized exchange or a service that offers staking, you will be giving up your coins to them. You won't own any of the coins, the rates are going to be shit, the fees will leave you with no profit and the risk is very high.

2. That's the risk associated with staking on your own wallet. You have to lock your coins. So stake only if you are willing to hold long term. If you don't want to lock your coins, as far as I know, there are some coins that you can stake on a pool without having to lock your coins. Try using those coins.

[Blitzboy]

Everyone is different. Maybe adda who tends to stake to get more profit. But if I personally choose not to do it. I chose to buy then keep and hold it until the right time to sell the coin.

Buying and holding these assets we buy is the best thing to do. Yes, there's profit in staking but do you guys think that it's worth the risk if the risk is it could be gone for real? I'm telling this because many do like to stake in exchanges and there's no guarantee they'll get back those assets they've put into stake if problems exist with their service. While for some wallets that have that service, you still think of the risk if you can take that.

I don't really think it's worth it even if you are using a wallet or a separate website for the staking because you never know what happens. What if you have staked a lot of tokens and the price of that token started crashing all of a sudden? And you can't withdraw the staked funds because the contract doesn't allow you to do so, that is when you will lose all the money you have invested if you are not lucky and the price of the token doesn't recover at all.

I know it doesn't happen with all the tokens and coins but when we talk about altcoins, we all know that there are great risks involved with them, we have seen altcoins crashing to almost zero and leaving all their investors stunned losing thousands of dollars in investments in that single altcoin.

Whether you are investing in stocks, real estate, or digital assets, there is risk involved by nature. Before making an investment decision, the risk-reward ratio must always be considered. I believe that there is a high level of danger associated with staking, especially in altcoins. However, keep in mind that every altcoin has an idea, a team, and a roadmap behind it. They wont all end up failing.

One may argue that similar mistrust existed when Bitcoin, the original cryptocurrency, first appeared. However, it has established itself through time, becoming both a reliable method of transaction and a strong store of value. Therefore, while care is advised, it may not be wisest to completely disregard other currencies.

[Nazmul012]

why do you want to stake your coin in others custody? Is this because you can't manage your coin but you want profit from it? Actually holding your coin in your wallet is always best idea. No tension, no worries. But if you stake at others website, then you have to tension the whole year as well as thats risky step too, maybe you never get your investment back. Therefore, holding trustworthy valid coin will increase yearly more than your staking return. So better buy btc or eth and let those grow! Thats better step in my opinion

[ololajulo]

Staking is the best way to make more of what you have especially you don't have the intentions to sell and while the market is still on bearish mode, then staking is the answer for it. I am staking my holdings for now hence bear market and I want to sell it when time comes like the bull market resumes.

Take advantage of the opportunity to stake your assets now, as the current timeframe of over a year aligns favorably with the recent Bitcoin halving and the potential altcoin season.

[dunfida]

why do you want to stake your coin in others custody? Is this because you can't manage your coin but you want profit from it? Actually holding your coin in your wallet is always best idea. No tension, no worries. But if you stake at others website, then you have to tension the whole year as well as thats risky step too, maybe you never get your investment back. Therefore, holding trustworthy valid coin will increase yearly more than your staking return. So better buy btc or eth and let those grow! Thats better step in my opinion

Staking your coins does really give out that opportunity for you to have more but in exchange you would really be totally losing all the control of your coins since you would really be transferring those coins into those

validators on which you would really be earning a specific coins on a certain period of time. Yes, this is the beauty of staking specially if the value of the coin does really have that potential on increasing its value
in the future then it would really be that worth. The main question on here is that, do you really able to take up such risks for those gains in exchange for the total security?
Also when you do stake up your tokens then it isnt something that you could easily pull it out on the time that you would really be tending to sell it just because it did made out some huge
pump on its value. There's always that pesky unbonding period which it does take so long.

[Myleschetty]

why do you want to stake your coin in others custody? Is this because you can't manage your coin but you want profit from it?

That could be the case, but if you invest in an altcoin with a decent concept, potential for future growth, and staking features, I don't see anything wrong with staking the coin since staking encourages long-term holding. Furthermore, COMBO offers something similar on Binance, from which I receive money.

Actually holding your coin in your wallet is always best idea. No tension, no worries.

Yes, when want to hold the cryptocurrency for the long term.

[Ngemmeng]

hold with stake is not much different. the difference is if stake means you hold but use other parties and you will get a reward. the stake feature is given in the hope that many communities will buy and hold so that the token price goes up, and you will also get a reward for all of that. so conclude for yourself which one is better.

[lobo13hf]

i think staking will only works if you really planning on holding the coin for long term so it will be aligned to your very first purpose of holding it for long term.
instead of getting your coin idle and not having any reward staking could somewhat allow you to increase your overall profits if holding or investing turns out to be great.