Do You Think Staking is the Perfect Passive Income Strategy in a Bull Market?

[GxSTxV]

Not a passive or that huge income to simply answer you. But, making a good and wise choice of trying the best tokens or coins in the perfect platforms can really generate you decent profit and an extra income to help you.
I don’t believe that you can earn more than 10% of your total staking amount in less than a month for example. Knowing that staking also can be risky, if you stake a coin or a token even that you get the profit every week or month or even day and if that coin lost its value, you will lose and that depends on the market.
As it can the opposite, if the market was moving in the bull direction and you were staking good amount kf that token, you can really generate good money.

[lalabotax]

So I believe staking stands out as a smart strategy for passive income in this bull market, especially since it allows you to leverage your staked tokens effectively. But, does this make it the perfect passive income for you?

I once wanted to do it on Binance. However, when looking at the results, it became quite a bit. ha ha
Or maybe because the number of staked coins is only small, it really doesn't seem worth it, right?
Meanwhile, if I do staking or something like that on another platform, I haven't done any research because I'm worried whether that platform is truly trustworthy or not. Because staking is usually done over a long period of time, this may also be risky. Unless the platform is trusted and reputable. Maybe it's time to try doing some more research on whether it's really worth it or not with the amount of assets you currently own. Because I read some members here do it and it's really profitable, right?

[GeorgeJohn]

Instead of you to stake while can't you buy and hold of bitcoin and later you sell when the price of bitcoin or any of the altcoins you purchased go higher, even though you buy any other coins and hold when theirs a bullrun it will also affect the coin you bought in your wallet, so we don't need to stake but everything is depend on your decision and understanding concerning cryptocurrency investment.

Actually to make a profit cryptocurrency investment you have to be calculative to know when the bull is about to manifest and when the bearish is about to manifest, so therefore theirs something we have to understand and their is something we have to practice to know when to hold a cryptocurrency and when not to buy and hold, because its not every time you can buy and expected to make a profit.

If it's altcoins, I'd say staking can increase the potential of more profits but this is only recommended for a user that wants to max out their potential earnings. Otherwise, it's best to just self-custody the tokens. For Bitcoin, there's no staking activity so I think OP was talking about altcoins specifically. If the next bull run plays out like the ones before it, staking would be the best route for anyone looking to max out gains in that you earn staking rewards while enjoying price gains on capital and staking rewards tokens as well.

I taught the op was emphasising on bitcoin aspects of investment,in which I did not find he or her concept or theory very correct, so therefore bitcoin is something I know that have to do with different kind of measures for investment, so what you said I think I acknowledged it.

[goldkingcoiner]

No, Staking shitcoins holds the highest risks due to the volatile nature of the assets

Higher risks but also higher rewards. Unless its both high risk and low reward, but staking in something like that is up to the people who don't understand the concept of DYOR.

People really should do their own research instead of asking strangers for bad financial advice. Which coins will make you rich? Who knows. It could be a completely unknown coin that you happened to stake because you liked the team behind the project.

But if you want to be realistic about your staking, then you really should DYOR.

[MarvieJ]

So I believe staking stands out as a smart strategy for passive income in this bull market, especially since it allows you to leverage your staked tokens effectively. But, does this make it the perfect passive income for you?

For me, staking during a bull run has been akin to hitting two birds with one stone as enjoying the rewards from staking and potentially benefiting from the rising value of the staked assets. This dual advantage has made it a successful strategy in my experience. More than just a means to earn, staking has also been a way for me to engage with and contribute to the growth and innovation of blockchain technology.

So what do you think guys? Is staking the perfect passive income strategy for the bull market, or are there nuances we should consider?

Two things i enjoy doing in this crypto space is either staking and copy trading, these two have really come handy for me over the years of being a crypto trader. Then ofcourse taking part in airdrops has also yielded me so good passive incomes ..

[Publictalk792]

I agree that staking can be a smart strategy for passive income especially during a bull market. The ability to earn rewards from staking is also beneficial if value will rise of your staked assets can be a dual advantage.

But keep in mind one aspect to consider is the volatility of the market. While a bull market generally indicates a positive trend but there can be downturns too. That may impact the value of the staked assets.

But the specific cryptocurrency you choose to stake can also lift up the success of your strategy. And the staking rewards and potential returns can vary in different platforms.

I also use staking platform and currently I have invested in ATOM, Juno and Osmosis.

[electronicash]

I agree that staking can be a smart strategy for passive income especially during a bull market. The ability to earn rewards from staking is also beneficial if value will rise of your staked assets can be a dual advantage.

But keep in mind one aspect to consider is the volatility of the market. While a bull market generally indicates a positive trend but there can be downturns too. That may impact the value of the staked assets.

But the specific cryptocurrency you choose to stake can also lift up the success of your strategy. And the staking rewards and potential returns can vary in different platforms.

I also use staking platform and currently I have invested in ATOM, Juno and Osmosis.

hitting 2 birds with one stone just like OP's view of it. it's a passive income if the bull run continues forever unfortunately it doesn't work that way and it's always going to end which is time to sell. if staking takes time, your dump may be delayed.

it's all up to the staker if he continues to stake but remember the regulators are not going to look at staking as it is.  i think there was a discussion about token stakers being taxed.

[Mpamaegbu]

So what do you think guys? Is staking the perfect passive income strategy for the bull market, or are there nuances we should consider?

I don't know if there's any advantage derived from staking in a bull run over doing it in a bear season. In the not too distant past, I used to have this same mindset of yours until I tasted the bitterness that's occasioned by staking. K-Root, KCLP and one other token that I can't remember now, taught me a bitter lesson as they wound up their sites and all that I staked went with them. While the staking on those sites lasted, I enjoyed it. I got some profit but the manner it ended was heartbreaking for me. Yes, quite correct that one can earn passively but there's no guarantee that the site and the coins won't disappear into thin air overnight.

[jrrsparkles]

No, Staking shitcoins holds the highest risks due to the volatile nature of the assets

Higher risks but also higher rewards. Unless its both high risk and low reward, but staking in something like that is up to the people who don't understand the concept of DYOR.

People really should do their own research instead of asking strangers for bad financial advice. Which coins will make you rich? Who knows. It could be a completely unknown coin that you happened to stake because you liked the team behind the project.

But if you want to be realistic about your staking, then you really should DYOR.

Higher the risk but the returns are uncertain so it can be high or low or even bust.

DYOR is important for any investment but how is it going to be helpful when it comes to staking an altcoin. Yes, it can be applied to bitcoin since we have a long history and few other altcoins which also have a long history but not as successful as bitcoin so staking altcoins holds higher risks that is why its not the best strategy to make passive income.

[devil-soul]

Staking was fine perhaps in the bear market but now with the bull market that is coming it is better to not block/freeze shitcoins because their value can change, grow suddenly for me day trading is more convenient in these moments

[Essential10]

It seems to me that staking can be the perfect passive income strategy in a bull market, but it is not a bull market strategy. As we know staking is the act of holding cryptocurrency or other assets for a predetermined period of time. Where staking is much easier than mining or trading. Coin selection is most important in staking. Ensuring proper access to the market for quality tokens or coins. If you are able to select the right coin for staking then you can earn a bit better. Setting financial goals and time limits makes it easier to take steps toward staking. It may come with risk, but the potential earnings and stability can be a significant advantage.

[Questat]

It can be a good option but we can never be considered passive income. Why? Just to imagine how much you earn from staking, I'm referring to staking known and legit coins, not scam/shitcoins because the percentage that it gives to us is a very small amount, we can't live with that for sure. I'd say it was a good option for holders as we are making additional income while holding but if we think of gaining more from just staking, that is not the real thing happening.

[Blitzboy]

Staking for passive income in a bull market is smart. Its like getting two birds with one stone: staking incentives and asset appreciation. However, it may not be the 'ideal' method.

The reason is: First, cryptocurrency is dynamic, so what works today may not work tomorrow. Market circumstances and asset performance determine staking's effectiveness. You must be committed and understand the blockchain project you're investing in. Its about community and technology advancement, not just earning. This makes it a non-set-and-forget method.

Remember, bull runs offer several opportunities. Trading, yield farming, and crypto startup investing are alternatives to staking. They have different risk-reward profiles. Best strategy? Personal risk appetite, investment horizon, and crypto interest determine it. Diversify and pick what fits your goals and understanding.

[justdimin]

An altcoin promises to give 9% APR for staking reward yearly. Now, you staked your coin to improve the security as they say and then all of a sudden, the coin start pump and this pump happen in just a week to a new all time high but you cannot sell because there is a penalty if you don't reach the agreed date and may even take 14 days to unlock just to prevent market dump. In the process, if you are a whale that unlock, it's going to inform traders that a load of coins will be unlock to the market in 14 days and smart money will sell their coins and exit before that day leaving you with loss from staking and loss of not been able to sell at all time high. What's the profit you get in staking?

The only time I think it's ideal for staking is in bear market. If you buy a coin, you can stake it when nothing good is happening at that time, you can be earning some good passive income but it's better to unlock immediately as bull run approaches so that when the coin hit all time high or have enough profit, you can simply sell your token and exit the market in peace. Staking in bull market is just a strategy team are using to avoid people from selling and reduce coins in circulation.

If it's not good then why it grows up like this? I mean many crypto wallets and platforms (e.g crypto exchanges) are now offering staking service and then many coins are still being created to support that kind of functionality. I guess that simply means they are getting a good demand from the public.

The lock-up mechanism is needed not only to prevent the people from selling so that the coin will not dump, but at the same time it can make the network secure or stronger. The best part is we can gain an incentive from doing this. You think it isn't great, maybe because you are only lacking in patience and you didn't choose the right platform and coin for you to do staking.

[kotajikikox]

I wouldn’t say ”the perfect passive income strategy” but for a fact, it is a valid passive income source. And it doesn’t matter if you are staking during the bull run or not, because even if it was the bear market, the tokens you earn can still be of great value whenever the bull run comes. I’ve made some gains from staking and it’s something I would greatly recommend, however, you should DYOR as the token/coin matters a lot.

But the problem with what you mean here is if suddenly while you are in time of staking and the price of your coin goes ATH then how can you gather them both? then you will need to took out your stake just to sell your coins? isn't disaster is what will happen.
Staking for me is much better while the market is dumping so if happen that after dumping you have taken your stake then chances that the bull will be waiting .

[Webetcoins]

Wouldn't one be able to get better returns if they simply held their coins in their wallets instead of staking them and buying and selling for small intervals?  Because staking will barely give you a 5% to 10% APY or APR and that can be earned in a few hours during a bull run, I believe it's better to simply keep your assets with you and make trades instead of locking them up in a staking contract that might not allow you to use your coins for selling when you might want to.

This is the first time I've heard that staking can be used as a way to earn guaranteed passive during the bull run while people usually prefer buying low and selling when the market is pretty high during the bull run and repeat the process for every small dip that might occur during those times.

[Bitstar_coin]

Wouldn't one be able to get better returns if they simply held their coins in their wallets instead of staking them and buying and selling for small intervals?  Because staking will barely give you a 5% to 10% APY or APR and that can be earned in a few hours during a bull run, I believe it's better to simply keep your assets with you and make trades instead of locking them up in a staking contract that might not allow you to use your coins for selling when you might want to.

This is the first time I've heard that staking can be used as a way to earn guaranteed passive during the bull run while people usually prefer buying low and selling when the market is pretty high during the bull run and repeat the process for every small dip that might occur during those times.

Depends on the period, staking during the bear season awaiting the bull period can be very profitable especially if the project in question has yet to be listed in any exchange. On the other hand, locking your coins up pre- bull run is a big mistake, you will literally watch the rise and fall of your portfolio and not being able to sell if the staking period has not ended and you are not able to unstake. I think this among other reason are while most people prefer to hold their coins in their personal wallet to be able to sell when the market is at its peak.

[batang_bitcoin]

So I believe staking stands out as a smart strategy for passive income in this bull market, especially since it allows you to leverage your staked tokens effectively. But, does this make it the perfect passive income for you?

For me, staking during a bull run has been akin to hitting two birds with one stone as enjoying the rewards from staking and potentially benefiting from the rising value of the staked assets. This dual advantage has made it a successful strategy in my experience. More than just a means to earn, staking has also been a way for me to engage with and contribute to the growth and innovation of blockchain technology.

So what do you think guys? Is staking the perfect passive income strategy for the bull market,

Not just during the bull run but also during the bear market. You can look at that moment when we're in the bear and it's like more accumulation due to staking.

or are there nuances we should consider?

What I just don't like on it if you're going to do it with exchanges. You will not be allowed to have control over your funds and mostly if you take the locked period of it which you have no option but to wait for the period you agree they will lock it.

[justdimin]

Depends on the period, staking during the bear season awaiting the bull period can be very profitable especially if the project in question has yet to be listed in any exchange. On the other hand, locking your coins up pre- bull run is a big mistake, you will literally watch the rise and fall of your portfolio and not being able to sell if the staking period has not ended and you are not able to unstake. I think this among other reason are while most people prefer to hold their coins in their personal wallet to be able to sell when the market is at its peak.

That is what I actually did, for the last 2 years I have been staking during the bear period, and I have doubled my coin amount in many tokens as well, hoping that if the price goes up, that would also make it even more profitable as well.

Imagine getting 100 dollars worth of tokens at 1 dollar per token, you have 100 tokens, then the number of tokens doubles for staking, make it 200 tokens, but the price drops of course, then when the price goes over 1 dollar, make it 2 dollars, that is 400 dollars that you have, you invested just 100 dollars, and the price only doubled but you quadrupled your money because of staking. That is why I like doing this, it is a good idea and should be supported during the bear period for sure.

[electronicash]

Instead of you to stake while can't you buy and hold of bitcoin and later you sell when the price of bitcoin or any of the altcoins you purchased go higher, even though you buy any other coins and hold when theirs a bullrun it will also affect the coin you bought in your wallet, so we don't need to stake but everything is depend on your decision and understanding concerning cryptocurrency investment.

Actually to make a profit cryptocurrency investment you have to be calculative to know when the bull is about to manifest and when the bearish is about to manifest, so therefore theirs something we have to understand and their is something we have to practice to know when to hold a cryptocurrency and when not to buy and hold, because its not every time you can buy and expected to make a profit.

If it's altcoins, I'd say staking can increase the potential of more profits but this is only recommended for a user that wants to max out their potential earnings. Otherwise, it's best to just self-custody the tokens. For Bitcoin, there's no staking activity so I think OP was talking about altcoins specifically. If the next bull run plays out like the ones before it, staking would be the best route for anyone looking to max out gains in that you earn staking rewards while enjoying price gains on capital and staking rewards tokens as well.

there are tokens like ADA where you can store them inside your self-custody wallet and at the same time staking. but i think you can max out only if you have invested in such a token from the very beginning where the coins are still less than 10 cents. you probably won't be tempted to dump them even in the bear market because you still can make money out of staking.

if an investor can make money out of it enough that he can live with just the passive income from staking, he surely has made the right choice from the beginning. let's say he has millions of ADA and can make $1000 a week as per epoch, then definitely a great investment.