Would You Advise People To Stake?

[Apocollapse]

your mindset is wrong, if you hold and the price of crypto goes down your asset estimate also goes down and you don't get anything. but if you stake and the price of crypto goes down your asset estimate also goes down but you will get compensation from the stake, and the compensation you receive keeps the asset estimate from dropping too far.
why people don't buy crypto and stake ? sometimes people prefer trading than staking.

"If"

In short staking isn't always mean you will get profit, so it's really wrong to say staking is a passive income.

Not all people can trade, actually 90% of traders are lose especially if they're beginners. Just choose a coin that has a maximum supply and decentralized, hold it on your non custodial wallet. Since such coin can't be staked, the price will increase if the demand is high.

[Hildentine]

According to my experience is that if anyone Stake there crypto so be careful check project roadmap etc because some time anyone stake there crypto so the project started in down but they can't release there crypto because its stake so be carefully check!!

Choose a great project must you got profit on the basis of your stake amount..

[Dr.Bitcoin_Strange]

Would You Advise People To Stake?

Why don't people just buy Cryptos that they can stake?

Yes, but beware of the risk. Storing your tokens or coins on a centralised exchange is not usually a wise decision because you can't tell if the CEX can have any issues at any time, which can result in you losing your coins. If the exchange gets hacked, it might affect your coins. If there is a hack on your account, your funds will be stolen.
When you invest in Altcoins that allow you to stake their coin, there's also a possibility that the project might not even make it to success, and it will just be a waste of time for your long staking period.

Everybody would not buy staking coins or might not want to stake their coin because they are just waiting for a slight pump on the token price so they can sell off and earn some profit. Another reason could be that they don't want to risk their lives.

[|MINER|]

Staking is also risky . If you wanna stake on these centralised exchanger then you may have to very careful to choose the token. On the other hand if you wanna invest or I mean stake on any centralised changer then I think you also have to prepare to face any kind of losses. Like already a incident happened that  is ftx exchanger. In this case you may have good apr but risk is high. But you can take it try on good reported platform. But always keep in mind that they are will be high risk so stake as much as you can effort to lose.

[Ultegra134]

your mindset is wrong, if you hold and the price of crypto goes down your asset estimate also goes down and you don't get anything. but if you stake and the price of crypto goes down your asset estimate also goes down but you will get compensation from the stake, and the compensation you receive keeps the asset estimate from dropping too far.
why people don't buy crypto and stake ? sometimes people prefer trading than staking.

"If"

In short staking isn't always mean you will get profit, so it's really wrong to say staking is a passive income.

Not all people can trade, actually 90% of traders are lose especially if they're beginners. Just choose a coin that has a maximum supply and decentralized, hold it on your non custodial wallet. Since such coin can't be staked, the price will increase if the demand is high.

Staking is a form of passive income. You're generating profit on a daily basis; how is that not a form of passive income? Yes, there's always the risk of impermanent loss, which occurs when the value of the staked token decreases, often in volatile market periods. However, if you're staking a trusted and reputable coin such as BNB or ETH, then your investment is quite safe-ish, although for this reason, your APY will be significantly lower than if you were staking some random token that appeared five days ago. Thus, no matter what happens, you'll still be generating a specific amount of the coin you're staking, which is likely to regain its value in the upcoming bull market.

[Hypnosis00]

As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?

Honestly, people don't take this staking option as the best thing to do because it was too risky in the first place. Whatever happens to the exchange where you stake your coin, you will also suffer possible losses. If you are very concerned about the safety of your funds, you will not do that but instead, just keep it in your personal wallet.

They offer a 17.66% annual return. It was big enough to consider but I'm not sure how reliable it was because based on my experience the usual offer won't go far above 5%.

[doomloop]

According to my experience is that if anyone Stake there crypto so be careful check project roadmap etc because some time anyone stake there crypto so the project started in down but they can't release there crypto because its stake so be carefully check!!

Choose a great project must you got profit on the basis of your stake amount..

Staking tokens from a project that is new and isn't trusted by the community yet is definitely risking your money because the profit that you can get from staking is the commission that you earn on the amount you've staked over the period you've chosen, and if a token that you are staking loses its value significantly, your stakes and the commissions you'll get will almost be worthless and that will only waste your time and resources if you keep holding.

That is the reason that even though I don't recommend staking, I believe people should only use coins and tokens that are already trusted by the community even if the commission percentage is relatively low but the risk is also lower, this way, one won't lose any money at all.

[Yatsan]

If they know how staking works, then ofcourse, especially if the platform they are engaging into has the reputation to be trusted in this industry. Problem most of the time are people choosing to stake but are not okay with holding their asset for a period of time. Also with staking, if you chose the wrong project and tokens wouldn't be pull out, expect for a loss. Downside of staking is not being able to pdecide for your holdings during that period. You'd be seeing how its market value is falling and you have no other choice but to endure it. So if you are planning to stake  make sure you still have the power to move out instantly.

[Wexnident]

It depends on the mentality of the hodler. The idea of leaving your coin inside a platform you'd want to stake is rather risky, regardless of the possible profits you could gain since they can simply run away with it. You could try Trusted platforms, but as I said, it's all in the mentality of it. Crypto is crypto in the first place because you can make your own bank, if you wanted to make passive profits there are other alternatives out there where there's less risks involved (in terms of exit scams).

Besides, there's also the market value of the coin itself to consider, and most coins out there have a rather volatile market.

[Blitzboy]

Staking has several drawbacks, but it does yield a great annual return. However, you seem to be missing a key concept: "impermanent loss."

A staked coin's market price drops dramatically after being deposited in the pool, causing permanent loss. Despite staking benefits, you may have been better off holding the bitcoin in your wallet.

Staking may not be ideal for investors that need their money quickly. Some find the 'unbonding' time inconvenient.

Why arent more cryptos staked? Because not everyone wants their investments locked up, or because the risk of temporary loss weighs on their decisions. Financial strategies and risk tolerance determine the outcome.

[mich]

Well in the past I was a fan of staking stablecoins. But I think it is too risky today. I do not even like to keep my coins on Binance and Coinbase. So having them tied up would just make me more nervous. The low percentage reward is not worth it for me.
I do not like knowing a exchange has all the control over my coins. I feel better about myself if I am knowing I hold the keys to my coins.

[yazher]

I honestly don't recommend this kind of making money from crypto because I had joined once a bounty where they offered staking and when lots of people bought their coins, they run away and sold a massive amount of coins also their social media are not active anymore, so it was clearly a pump and dump coin. There are lots of such coins offering staking and most of them offer high returns of percentage but you cannot distinguish the legit from scam because both are pretty active in their social media updates at first.

[Oneandpure]

Better make some research with many coins have supported with stake and give annual return from 10% until 100% all project have been scam although their coins keep existing in exchange market but many of them price drop drastically. I don't recommended with altcoin for unusual staking because bigger risk when price dropping drastically and you loss much than with profitable earn from annual return above 19%.
Can't predicting at the future Cosmos coins stable price with first time investing until ended with staking time, possibility if price dropped under 20% you don't earn anything due one year staking because price have down and annual return 20% close for your price purchasing on the first time. Right now many people staking with stable coins only and they don't think worth when staking in another kinds of altcoin because have chance for going down.

[Zee27]

It depends on where you're staking. I personally do the flexible savings on the exchange I use. Bitget flexible savings allows you to withdraw at any point in time.

[Xal0lex]

As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?

No one will pay you such a rate after a year. For a project to have such profitability, there must be a constant inflow of new funds into the asset. Once LUNA offered staking at 19% per annum and we all know what happened to LUNA after that. In staking, the higher the annualized rate, the higher the chance you won't get paid. I would target 4 or 5% APR, it looks more realistic. Many well-known pools of well-known cryptocurrencies maintain just such rates. Exchange pools very often have dynamic interest rates and they change constantly.... downward.

[Heulahee]

There was a token named ATM, where many people staked their tokens but in return they got nothing. And that tokens were received by a bounty. Staking is although a good option for new users as they didn't have that much experience in trading at the beginning to choose what to do?

[milewilda]

As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?

No one will pay you such a rate after a year. For a project to have such profitability, there must be a constant inflow of new funds into the asset. Once LUNA offered staking at 19% per annum and we all know what happened to LUNA after that. In staking, the higher the annualized rate, the higher the chance you won't get paid. I would target 4 or 5% APR, it looks more realistic. Many well-known pools of well-known cryptocurrencies maintain just such rates. Exchange pools very often have dynamic interest rates and they change constantly.... downward.

Wont really be that giving an assurance because on the time that you might consider on staking because the percentage was good but in midway on which you would really be get shocked on the time that these issues would
really be popping out like mushrooms and since pulling out those funds wont really be that immediate since of those unbonding period. Just like on what others been saying that there would be some factors on which it would really be affecting in overall advantage when you do stake. Honestly im not really that seeing this to be worth if we do speak on some altcoins but for top ones then i might seeing to be worth but
if you do really go for short term then it wont really be that a good idea or worth since it wont really be that profitable at all. Staking might that good looking on some people
but there would really be some exemptions.

[Adbitco]

With the recent happening across exchange closing down their services is not ideal we should encourage people to venture into staking. It is another trick ways to get you trapped knowing too well that during bull the market might increase exponentially and you could make a reasonable profits from your percentage of holdings after you might have sold.
Naturally I don't like to stake coin in other platform as the chances of losing your funds might be very high, project owners uses staking to control the circulating supply since the duration are always 3 months 1 years and above.

[Kelvinid]

...
Why don't people just buy Cryptos that they can stake?

Well, the truth is that staking is just an option. People choose to stake their altcoins in order to earn a few bucks while holding but don't you know that there is a huge risk in regard to your fund security? Exactly, whatever happens to the exchange, if that will collapse or turn into a scam - you can no longer get your money back. And this is the mean reason why most of investors not preferred to stake but rather keep their coins in their wallets at least they can blame other people. And aside from that staking doesn't offer a huge percentage usually, it was just 3-5% annually.  

[blockman]

It depends on where you're staking. I personally do the flexible savings on the exchange I use.

Just be mindful that whenever you deposit and stake on the exchanges, it doesn't really mean that you're staking there. But it means that your account and deposit are on an interest mode for which they're earning from your deposit and you have no custody over it because they do.

Bitget flexible savings allows you to withdraw at any point in time.

Most exchanges have this option to do it flexibly but even so, if the time comes that they're experiencing something that resulted in a bad turnover, they can still lock the withdrawals and delay it even how badly you want it. Again, that's not staking if that's in the feature of exchanges because that's only giving you interest rate at their own setting.

There was a token named ATM, where many people staked their tokens but in return they got nothing. And that tokens were received by a bounty. Staking is although a good option for new users as they didn't have that much experience in trading at the beginning to choose what to do?

It's good for everybody that understands the concept of it. This is actually good for well established tokens but not for those that have been just launched in the market.