Staking Coins With Annual Returns - Good Idea

[Natalim]

Staking isn't a bad decision but choosing the wrong exchanges, wallet, and coins really matters a lot because the results will depend on them. If you are badly choosing any of those, you will never expect Returns/earnings but you probably get losses. But this is not the reason why I don't do staking anymore because of the risk involve and the profit sharing because I know myself that I can make more if I'll never stake my coins instead, I use it to trade.

Well, the only thing I would say to you OP is to be more cautious. Research and background check is very important because a single mistake will certainly lose your money instantly.

[1714699963]

1714699963

[philipma1957]

I'm not sure where to put this in the forums. Since I am a beginner, I thought I would put it in the Beginner section.

I have Atomic Wallet.
It offers the highest percent annual return for staked coins.
There are other crypto wallets that offer higher returns but it's not available to US citizens.

Osmo-USD has been pretty steady for quite some time. It offers a 22% annual return if staked.
Some people will say but that won't last forever. No one knows when the percentage will drop.
If it drastically drops then I can move it to another coin that offers a 22% annual return.

Or I could put equal amounts into 4 different coins that offer high yields.
So if one drops I can move it to another coin.

Some people will say what if the price of the coin drastically drops?
But you can say that about any coin you invest in.

Do you think it's a good idea to stake coins?
Please explain your opinion.

no one can pay 22% for a long time.

It is a likely Ponzi that will end badly.

[JeffBrad12]

Staking isn't a bad decision but choosing the wrong exchanges, wallet, and coins really matters a lot because the results will depend on them. If you are badly choosing any of those, you will never expect Returns/earnings but you probably get losses. But this is not the reason why I don't do staking anymore because of the risk involve and the profit sharing because I know myself that I can make more if I'll never stake my coins instead, I use it to trade.

Well, the only thing I would say to you OP is to be more cautious. Research and background check is very important because a single mistake will certainly lose your money instantly.

this much is actually true, staking involves trust towards the platform that we are staking our money in.
whether we could score some profits hugely depends on the platform itself, if the platform itself is legit, we could definitely get some good returns.
but the thing is that, sometimes the APY offered is relatively low.
if we are finding some coins with relatively high APY then we should degrade the choice of our staking to the lesser trusted and reliable, which means higher risk of not getting the investment and profit back but might make the capital we invested in vanish.

[nelson4lov]

Do you think it's a good idea to stake coins?
Please explain your opinion.

First things first, you should should not use Atomic wallet to stake. If they have the highest APYs for the same set of assets that other wallets offer 5-10%, that alone should make you skeptical. Atomic wallet is too controversial (they have been hacked before) and their team denied the hack but barely did anything to compensate users or provide a post-mortem or recovery plan for its users. I recommend staying away from such wallets where or not the hack was from their team.

About staking, you can stake for rewards but you should be very mindful of blockchains that lock your staked tokens for 2 epochs (around 48hrs) in order for to unstake. Luna has similar lock-time and by the time the unstaked tokens became available for withdrawal, the price already went downhill. It's just something to keep in mind.

[Roma66]

Some staking coin with annual good return.Some staking coin didn't any return.Sometimes huge losse this time.I didn't suggestion staking coin.90% risky annual staking this is my thinking.So first time follow annual staking & analysis than your won research & investment.Most time losse annual staking.so I didn't suggest this staking.

[Jocuserious]

Similarly, avoid all project where they invite new investors by showing attractive offers. Older investors have more experience in the crypto market so they don't rush to invest and always pick the best coins. Moreover, there are many old projects for staking programs where the risk is low and the profits is dependent. So I think old projects will be best for stake planning and especially those who are newbie investors.

[khiholangkang]

Some staking coin with annual good return.Some staking coin didn't any return.Sometimes huge losse this time.I didn't suggestion staking coin.90% risky annual staking this is my thinking.So first time follow annual staking & analysis than your won research & investment.Most time losse annual staking.so I didn't suggest this staking.

But it depends on the project itself I think sir and how strong it holds against the market waves, instead of us investing in spot and keeping the coins we have, then we have aspirations to get a decent profit from the coin from holding on to the long term more good in my opinion staking coins to make the coins you have multiply and increase profits if a bullrun arrives, just like in ETH even though we get payments with a percentage below 10%, but that's better, the focus here is not how much the staking payment is do but how logically the project provides payments to investors who do staking, this needs to be looked at and taken into account.
The payout that the op mentioned at 22% is too high and illogical, this should be questioned again with the project being done, this is quite crazy, this project could turn out to be a scam in the end.

[Ultegra134]

Most of the previous users mentioned why you should avoid the Atomic wallet; thus, I'm not going to repeat that. Staking is generally a decent way to earn a semi-passive income, and I'm saying semi instead of solely passive because it still requires constant monitoring and the occasional switch between the available or profitable vaults. 22% is actually great and won't last long, but you'll receive reasonable yields for as long as it lasts. Keep in mind that usually, the higher the APY, the higher the risk, while you should also take into account the possible impermanent loss. Impermanent loss is when you're yielding coins but they're losing value, which, if it's at a high rate, means you'll end up losing more than you earn.

[JeffBrad12]

Similarly, avoid all project where they invite new investors by showing attractive offers. Older investors have more experience in the crypto market so they don't rush to invest and always pick the best coins. Moreover, there are many old projects for staking programs where the risk is low and the profits is dependent. So I think old projects will be best for stake planning and especially those who are newbie investors.

the thing with old projects is that they just don't have as much potential, they've drained all their potential when they are still relatively considered new coins.
nowadays i think you can witness some of the old coins which have the glory in previous bullrun cycle losing their value and market capitalisation massively and getting replaced by newer coins.
the only coins that could holding on and thrive until now are those with real utility like ethereum, the other? not so much.
thats why nowadays so many people are always choosing new coins, same with staking, if someone is seeking that massive return, new coins is the way to go.

[blockman]

Similarly, avoid all project where they invite new investors by showing attractive offers.

Assess if the projected rate is too good to be true. If you think that they're manageable, then invest with caution. Not everyone can monitor that but at least we've given them some clue on how they should take care of themselves.

Older investors have more experience in the crypto market so they don't rush to invest and always pick the best coins. Moreover, there are many old projects for staking programs where the risk is low and the profits is dependent. So I think old projects will be best for stake planning and especially those who are newbie investors.

Exactly.
We tend to get into those that have been tested and proven that they're not going to have an exit scam. Even if they only offer a small amount of rate but they're genuine rates and won't make the project bankrupt. But even with that, still, one has to be careful if it's about investing into staking coins.

[dansus021]

To be honest staked coin is the best option in the bear market like this when you buy at the peak.

Usually, coin/altcoin had a stake option on their official website take example Cardano or ETH you can directly Stake without third part app and can delegate rather than using wallet like atomic

[AakZaki]

the thing with old projects is that they just don't have as much potential, they've drained all their potential when they are still relatively considered new coins.
nowadays i think you can witness some of the old coins which have the glory in previous bullrun cycle losing their value and market capitalisation massively and getting replaced by newer coins.
the only coins that could holding on and thrive until now are those with real utility like ethereum, the other? not so much.
thats why nowadays so many people are always choosing new coins, same with staking, if someone is seeking that massive return, new coins is the way to go.

abandoned old coins no longer have any power because some of the old coins don't develop properly. There will be no more innovation and there will be little volume in the end.
Unlike the old Ethereum coin which was the top altcoin which until now has good development and is also the center of the development of new emerging chains. Apart from ethereum, I usually choose BNB because it is the biggest token exchange at the moment, namely Binance, with a lot of innovation and BNB is very much needed.
Finding great returns on new coins will not be easy. many new coins end up in scams, scams and it will be very risky, it takes in-depth research for new coins to be followed.

[Ultegra134]

the thing with old projects is that they just don't have as much potential, they've drained all their potential when they are still relatively considered new coins.
nowadays i think you can witness some of the old coins which have the glory in previous bullrun cycle losing their value and market capitalisation massively and getting replaced by newer coins.
the only coins that could holding on and thrive until now are those with real utility like ethereum, the other? not so much.
thats why nowadays so many people are always choosing new coins, same with staking, if someone is seeking that massive return, new coins is the way to go.

abandoned old coins no longer have any power because some of the old coins don't develop properly. There will be no more innovation and there will be little volume in the end.
Unlike the old Ethereum coin which was the top altcoin which until now has good development and is also the center of the development of new emerging chains. Apart from ethereum, I usually choose BNB because it is the biggest token exchange at the moment, namely Binance, with a lot of innovation and BNB is very much needed.
Finding great returns on new coins will not be easy. many new coins end up in scams, scams and it will be very risky, it takes in-depth research for new coins to be followed.

Established coins such as BNB and Ethereum don't offer great returns if they're not paired with another coin, which is expected because both options are extremely well established and pose minimal risks. Thus, your best option out there is to stake a combination of an old coin with another coin or token that, chances are, isn't as well-known or as safe. These coins are usually mentioned as "Innovations" by Binance's investment products; I'm not sure if this term is actually used outside of their platform.

The newly launched SEI and Cyber, for instance, offer great returns on Binance, ranging between 15% and 20% APY, which is great and certainly won't last long, and I'm trying to take full advantage of it.

[Xal0lex]

I would say that putting the main focus in staking on unknown coins that give high yields would be a foolish decision. Sooner or later one of two things will happen:

• the coin will get very cheap
• the coin will drop in payout rates before the staking period ends.

Standard situation when unknown projects try to attract liquidity by loud promises and tasty interest.

no one can pay 22% for a long time.

It is a likely Ponzi that will end badly.

Lots of people believe they can get paid 600% in a year if it's written in the terms and conditions

[jaberwock]

Similarly, avoid all project where they invite new investors by showing attractive offers. Older investors have more experience in the crypto market so they don't rush to invest and always pick the best coins. Moreover, there are many old projects for staking programs where the risk is low and the profits is dependent. So I think old projects will be best for stake planning and especially those who are newbie investors.

I think all projects are like that because that is where they can get an investor but they only need to make sure that what we investors see is also what we can get because there are so many projects out there who are only good at their ads or marketing.

An old investor has a good experience in the market so they can also play with the not-so-good coins and they need to be quick here because these coins are only good at the start but later on, they will now perform poorly. Staking is like investing which can only give us an additional income so I wouldn't depend on them alone. It is still better to have a stable source of income outside cryptos.

[aseprebel]

Similarly, avoid all project where they invite new investors by showing attractive offers. Older investors have more experience in the crypto market so they don't rush to invest and always pick the best coins. Moreover, there are many old projects for staking programs where the risk is low and the profits is dependent. So I think old projects will be best for stake planning and especially those who are newbie investors.

I think all projects are like that because that is where they can get an investor but they only need to make sure that what we investors see is also what we can get because there are so many projects out there who are only good at their ads or marketing.

An old investor has a good experience in the market so they can also play with the not-so-good coins and they need to be quick here because these coins are only good at the start but later on, they will now perform poorly. Staking is like investing which can only give us an additional income so I wouldn't depend on them alone. It is still better to have a stable source of income outside cryptos.

yes staking coins with annual returns can be a good idea for those who understand the risks involved and have thoroughly researched the project. It can provide a way to earn passive income and contribute to the security and stability of blockchain networks. However, like any investment decision, it's crucial to consider your risk tolerance, investment goals, and the specific details of the staking project before getting involved.

[X-ray]

To be honest staked coin is the best option in the bear market like this when you buy at the peak.

Usually, coin/altcoin had a stake option on their official website take example Cardano or ETH you can directly Stake without third part app and can delegate rather than using wallet like atomic

I have a different view regarding this. I meant let's say that you bought eth @2k then you staked it but it plunges so hard until it reaches 1k which makes you lose 50% of your investment. It's being unrealistic to expect the price to come back again in a short time.
I prefer to cutloss it rather than try to stake. I can buy that at the bottom, which was giving fast profit compared with staking. The annual return from staking is not worth with the risk.
The different case if we are staking stable coin, but the risk to depeg will always be there. Nothing safe in the crypto. Staking ethereum requires a lot of money but it offers very small interest which is not even worthy for the small fish to use ethereum for staking purpose.
If we are dealing the risk and farm is far better compared with staking as we can get better APR than staking. It's worth with time and risk faced by our investment.

[GreatArkansas]

(....)
Do you think it's a good idea to stake coins?
Please explain your opinion.

Very risky for me if the platform you will stake on is not safe. But if you want to protect your funds especially protect from spending and losing value by buying other coins, staking is good especially instead of holding it in your wallet, just stake it somewhere that will earn interest.

Seems you want to do some staking with involved of 2 cryptocurrency, a pair with a stablecoin and non stablecoin, expect the impermanent loss here, don't be lured with the APY/APR.

[LogitechMouse]

~
Do you think it's a good idea to stake coins?
Please explain your opinion.

22% APY? That alone is already a red flag for me.
I remember Terra Luna with this one where they're giving I think 20% APY for those who put their coins into their project. Ending? Many lost their money when the project fell down because of just a simple hack or bug whatever it is.

Staking in general is a good thing because you will have the opportunity to get more coins on a yearly basis because your coins are basically being used to earn more coins. On the other hand, let's think of the annual interest that they're giving if it's realistic or not. That 22% alone isn't realistic for me because who will give 22% to investors and take note that "it's free". Don't fall for this traps of these kind of projects.

I'm also staking some altcoins, so I'm not against staking, but let's be considerate at least, and think if the amount of annual interest that they're giving is realistic or not.

[Apocollapse]

Staking is always bad, never stake if you don't want to take a risk to lose all of your coins.

Either you stake in non custodial wallet, old coins, stable coins, trusted exchanges etc your coins will be staked in centralized smart contract and if it's get hacked, all of your coins are gone. Don't get tricked with big APY, high risk high return.