Is it wise to stake your crypto currency

[Bolivar_Tony]

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 holding your coin for a long term, it's a good idea to stake them and have some passive income on them instead of leaving them to lay idle on your wallet, but make sure you stake your coin in a secure and trusted platform because u could lose your funds

[Zaichonok]

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 holding your coin for a long term, it's a good idea to stake them and have some passive income on them instead of leaving them to lay idle on your wallet, but make sure you stake your coin in a secure and trusted platform because u could lose your funds

For long term investment and staking the most important thing is to choose right coin for investment. Now there is a fall of the market and during the fall of the market not all the coins will be able to survive. That is why it is important to evaluate the potential of the coin to choose the right coin which can become profitable and in demand.

[Adreman23]

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

The decision depends on the quantity of coins or tokens you have available for staking because if you have a small amount, the rewards earned from staking will also be minimal. However, if you truly believe in your coin and want to increase its value by staking, envisioning its future potential similar to Bitcoin, it would be more advantageous to stake it rather than just hold it.

[Abiky]

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 only wise to stake coins in a non-custodial wallet. Not an exchange or service which doesn't give you access to the keys or seeds tied to your crypto funds (custodial). Most people don't understand this, so they end up getting "rekt" in the process. Even when you stake coins on your own, there's always the risk of losing it all overnight. That's due to market price volatility.

If a PoS coin has a high inflation rate (APY), then it's likely prices will keep falling until it goes all the way down the drain. I'd suggest you stake (lend) stablecoins on a "De-Fi" protocol such as Aave or Compound.Finance just to be safe. Stablecoins usually retain their peg to the US Dollar (especially USDT), so you've got nothing to lose. Just my opinion

[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

It is only wise to stake coins in a non-custodial wallet. Not an exchange or service which doesn't give you access to the keys or seeds tied to your crypto funds (custodial). Most people don't understand this, so they end up getting "rekt" in the process. Even when you stake coins on your own, there's always the risk of losing it all overnight. That's due to market price volatility.

If a PoS coin has a high inflation rate (APY), then it's likely prices will keep falling until it goes all the way down the drain. I'd suggest you stake (lend) stablecoins on a "De-Fi" protocol such as Aave or Compound.Finance just to be safe. Stablecoins usually retain their peg to the US Dollar (especially USDT), so you've got nothing to lose. Just my opinion

Small but passive in the sense that it will not fall that much in terms of value, if you are okay with a small percentage of earnings then if a stable coin is available to stake then you can go for it and grab that small passive way in gaining profits, unlike with crypto coin where the chance of a losing a portion of your money or the entire amount of your investment may take place along the way.

You need to really take time in order to understand how the market for your chosen coin/asset works and how will you earn passive benefits.

[QueenVera]

To be honest, for me staking in cryptocurrencies is not a good thing,
because I once started staking and the results were still negative and I tried to just trade and the results were even better,
so it's better for us to learn technical analysis, if we can, then trading will be more profitable than just staking.

Staking is like holding but instead of just holding, you'll be getting more tokens which increase the profits you'll be making when you decide to sell your investment. Staking is basically holding and since holding is the easiest method to make money from the market, you're doing the right thing staking. The only precautions you're to take is to make sure your coins aren't locked.
When your tokens aren't locked you can withdraw all whenever you want but those that are locked get released around the same time which put more coins in circulation and causes the market to dump because people will expect the market to dump as tokens are been unlocked. Staking isn't profitable than trading but it's a lot safer and easy to do than trading.
Trading is only meant for people who understand it very well that they can make profits whenever they want to trade. A newbie can't make profits unless he understands how to trade and has gotten experience in the past but anybody can make profits from staking which makes it very easy to do as you need only your coins and wallets to start earning or using the project website to stake.

[bastian466]

Holding for me as an investment that takes a long time to take advantage of the bear and bull season because of that I can do other things like daily or weekly trading depending on the market situation if it looks profitable I immediately take it. I've never done staking at all, trust wallet is only used to accommodate new tokens from hunting, not a place to hold

[Mr. Magkaisa]

     -   For me, staking is bad as long as the crypto you use for staking is right. For example you want to stake Bitcoin, in this matter for me it is okay and correct. but if you do staking with other altcoins, the risk is quite high compared to Bitcoin.

that's why it is necessary to always be careful not to hesitate our capital that will be used here for staking. unless you are really sure about the cryptocurrency you are going to stake. So always be cautious.

[Abiky]

     -   For me, staking is bad as long as the crypto you use for staking is right. For example you want to stake Bitcoin, in this matter for me it is okay and correct. but if you do staking with other altcoins, the risk is quite high compared to Bitcoin.

that's why it is necessary to always be careful not to hesitate our capital that will be used here for staking. unless you are really sure about the cryptocurrency you are going to stake. So always be cautious.

You can't stake Bitcoin. If you see a "Bitcoin" that you can stake for profit it's either a scam or a "Wrapped Token" built inside a smart contract platform such as ETH or BSC. Nearly every PoS coin comes with its risks. Some of them have high APR/APY rates, while others are all of the contrary. Usually, those with a high APR end up getting dumped massively on the market. You can thank "hyperinflation" for that.

The ones with lower rewards usually have relatively-stable market prices. "Staking" stablecoins is much safer, although you'll never know if the stablecoin of your choosing moves away from the USD peg. At least, staking is much more rewarding than saving your money in a bank. As long as you don't turn greedy by putting your life savings into staking, nothing should stop you from becoming financially-independent in the future. Just my thoughts

[ananyabushra]

Staking is a personal choice. It sort of means locking up your assets on a platform until you decide to unstake them. There are various staking options available, including on platforms like Binance. I've observed that sometimes, Bitget offers the highest APR in the industry.
Staking can be beneficial for holding your assets and earning some extra returns. But it all comes down to individual preferences. People should decide whether to stake based on their own strategies and beliefs.