As a beginner, which tokens should I choose to stake?

[UTON Blockchain]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?

[Nothingtodo]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?

There are hundreds of ShitCoins in the market, if you are a new investor, avoid all those projects. If you want to invest seriously then you should invest with Bitcoin. Investing in Bitcoin will reduce your risk, especially since Bitcoin will never disappear from the market.

[mk4]

This is basically synonymous with asking which tokens to buy. In which — if you have to ask which tokens to buy/stake, maybe you shouldn't be buying/staking.

As a beginner, you should be studying/doing research so you don't have to ask random people on the internet what to do with your money.


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[Patikno]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?

Other options are Solana, Tron, Chainlink and many more, you can see them on the Coinmarketcap homepage, see from top to bottom. You can trade the profits from staking, but it must go through the unstake/unbound process first, until your staking period ends, you can't do anything with your initial capital or your staking profits.

[Shishir99]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?

If you are staking, it means your tokens are on the centralized exchanges. I know some wallets support staking as well. But, I don't think any Bitcoin wallets support staking. It is recommended to move your funds to a non custodial wallet. I don't know what others may suggest besides Bitcoin and ETH. but I guess TON has a bright future because of Telegram.

Ton has many use case right now since telegram started allowing developing mini apps. Crypto airdrop projects are now adopting TON. So, I see a very bright future of TON at this moment. Probably there are some other options, but I will stick with TON.

[doubletheprof]

Dont do tokens, waste of time and money

[pinhead666]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?

There is no guaranteed in staking worthless token or shitcoin rather will just like you to stick with the already mentioned coins, such as Bitcoin, Ethereum, anything less than this is useless coin.

[michellee]

I already suggest some altcoin from market. You can check it by yourself and analyze to find what altcoin you want.

But that is only a suggestion which you need to research for more. I don't know if that coin can increase but I only see the chance will come for altcoin. I only listed on below 100 position according to Coingecko.

Here is the link:

https://bitcointalk.org/index.php?topic=5512152.msg64616225#msg64616225

[Sim_card]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?

I will prefer to stick to only bitcoin because of its potential to increase exponentially in future ad it is open source and decentralized giving you the opportunity to keep your coins in your custody by using a self custodial wallet. Apart from bitcoin, I don't invest in any other coin. However, if you must invest in shitcoins, you can buy Etherum and BNB so that you can stake with them. Staking means that you are leaving your coins with a third party which is what I don't advice anyone to do for the safety of your investment. You will only get very little profit from staking your coins compared to when you buy bitcoin and hodli by yourself.

[FortuneFollower]

I already suggest some altcoin from market. You can check it by yourself and analyze to find what altcoin you want.

But that is only a suggestion which you need to research for more. I don't know if that coin can increase but I only see the chance will come for altcoin. I only listed on below 100 position according to Coingecko.

Here is the link:

https://bitcointalk.org/index.php?topic=5512152.msg64616225#msg64616225

Yep, the potential is there, but more expertise and knowledge are needed to be able to invest properly in such coins.

[Z_MBFM]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?

no one can give you any financial advice on the  cryptocurrency investment. but you can choice TON , BNB and SOL after choicing Bitcoin and Ethereum. but you have noted that you should invest by your own research and analysis do not jump and invest somewhere by getting advice from someone else. you know who is going I advise you both coins are the top coin on the coinmarketcap. I'm both coins are very potential for future so you should do a long-term investment because in the short-term or day trading you will not able to get profit every time because trading is very risky as cryptocurrency are totally volatile

[doomloop]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?

no one can give you any financial advice on the  cryptocurrency investment. but you can choice TON , BNB and SOL after choicing Bitcoin and Ethereum. but you have noted that you should invest by your own research and analysis do not jump and invest somewhere by getting advice from someone else. you know who is going I advise you both coins are the top coin on the coinmarketcap. I'm both coins are very potential for future so you should do a long-term investment because in the short-term or day trading you will not able to get profit every time because trading is very risky as cryptocurrency are totally volatile

Some can give a disclaimer that what they are saying is not a financial advice when in fact it was actually a financial advice lol. I think we must not be shy or too humble because the advice we gave is still correct because most of us are not new in here anymore. Just like you, you already gave a good set of coins there. Long term of investing takes time and there are still shit that can happen with us sometimes, so it is not also bad to add more sources of income on the side. One would be is short-term or day trading (as you mentioned there). As long as we already equipped ourselves with knowledge, it is very possible to profit on them quickly or from time to time.

[passwordnow]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?

Bitcoin isn't a staking coin, it's proof of work and that's why you cannot stake it. If there are platforms that are telling you that you can stake Bitcoin, you are not doing it technically but lending your Bitcoin to them AFAIK.

I won't mention any other coin but you can refer to the list like this[1] for your personal choice to make.
[1] https://coinranking.com/coins/staking

[TastyChillySauce00]

Ethereum already suffice for staking, you can literally stake ETH anywhere these days from lending to LST and LRT (you can choose LST and LRT if you want to get some free airdrop bonus but at the risk of contract breach).
I personally wouldn't stake BTC, too much complexity and point of failure with centralized custodian that holds the BTC to peg it 1:1. do your own research about the risk accompanied.

if it's token and not coin, I don't know there are not too much token worth staking, their volatility is too immense while utility is minimal, I'd always settle with coin for staking on chain, because I know it has real utility and not just some shit token with inflated valuation that gonna be dumping in long term.

[Abiky]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?

That depends. Some tokens have a locking period where you can unstake (withdraw) your funds until a certain time is met. I usually prefer native PoS coins than tokens tied to "De-Fi" protocols. They allow you to withdraw funds at anytime. I'm talking about coins such as ETH, ADA, PPC (Peercoin), TRX, etc. You should stake coins yourself (non-custodial), rather than leaving it all in the hands of a centralized exchange or staking service. That's if you want complete control of your funds (by getting access to the private key or seed). Else, you could risk losing it all in the event of a major hack, bankruptcy, or government crackdown.

Remember: "Not your keys, not your coins". I'd suggest you stake TRX, SOL, and STX for the long term. These coins have potential of going all the way to the moon in the future. Just don't let greed take control of you to avoid losing it all in an instant.

[X-ray]

for it not to be financial burden, you need to have the mindset of staking token alongside waiting for the price to go up, in other word, holding.

so many people staking coin and buy the coin when the price is high, since staking heavily depend on time, your odd of having the coin dumping in price because you bought at the top is high.
but the opposite also work, if you buy at the bottom, the odd for the price to go up is also high at some point.

just find some coin that have staking capability and only buy when price dumped, for example, staking SOL when the price already cheap enough. you can get benefit of capital growth and staking reward at the same time.

[mdzahed134]

so many people staking coin and buy the coin when the price is high, since staking heavily depend on time, your odd of having the coin dumping in price because you bought at the top is high.
but the opposite also work, if you buy at the bottom, the odd for the price to go up is also high at some point.

just find some coin that have staking capability and only buy when price dumped, for example, staking SOL when the price already cheap enough. you can get benefit of capital growth and staking reward at the same time.

Right, if anyone can buy a token with low price and will stake it then after staking period, profit might be big, because you will be withdraw in high price. On the other hand, if buy high price then it will be risky end of the staking period because price might be big dumped. So it’s depend on the tokens and good time for staking. I didn’t suggest SOL because it can be big dump at any time.

[justdimin]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?

Maybe if you are a beginner you shouldn't consider staking at all? I would say using ETH to stake isn't a burden, if you are going to spend 100 dollars on a coin, then you can spend 100 on eth or anything else, you are spending the same amount of money. If you insist on staking then ethereum should be the number one.

I understand not many people want to because if they have a small capital then they want to make sure they invest into something which will grow a lot and quickly as well, but this could result with you losing a lot of money as well, you should be careful about the current state. I believe the best thing to do in this case would be just sticking with ETH or even in a newbie case then do not stake at all.

[Yatsan]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me. Also, can the interest generated from staking all tokens be traded?

Yes! I get it that Bitcoins and Ethers do add weight to wallets. Especially with the current market price. Fortunately, there are a number of other tokens with huge potential that don't yet require large investments. Notable alternatives include Solana (SOL), Polkadot (DOT), Cardano (ADA), and Avalanche (AVAX). These projects offer sustainable living conditions and good salary opportunities.

So can I trade staking profits? Absolutely. Staking profits can be traded or reinvested-whatever you prefer, depending on the platform or blockchain. But when rewarded by staking, You can trade or exchange them for other tokens or even sell them for regular money.

However, another very important research on the options is the betting opportunity, just like coverage length. Or see if you can push it up to the maximum fees. Staking is, in fact, a great way of making pass income. However, do make sure you find comfort in the rules before deciding.

so many people staking coin and buy the coin when the price is high, since staking heavily depend on time, your odd of having the coin dumping in price because you bought at the top is high.
but the opposite also work, if you buy at the bottom, the odd for the price to go up is also high at some point.

just find some coin that have staking capability and only buy when price dumped, for example, staking SOL when the price already cheap enough. you can get benefit of capital growth and staking reward at the same time.

Right, if anyone can buy a token with low price and will stake it then after staking period, profit might be big, because you will be withdraw in high price. On the other hand, if buy high price then it will be risky end of the staking period because price might be big dumped. So it’s depend on the tokens and good time for staking. I didn’t suggest SOL because it can be big dump at any time.

You already have a point. Time plays a huge role in betting. Buying less and investing at the right time can lead to higher profits. But the opposite also happened. Token selection is important despite SOL's significant growth. But I understand the concerns about potential landfills. That's why it's important to be versatile.

Instead of putting all your eggs in one basket Distributing your efforts across projects Tokens such as Polkadot (DOT) and Avalanche (AVAX) have shown their resiliency and have a strong ecosystem supporting them. Additionally, it is important to consider platforms that offer flexible staking. (without a lock-up period) gives you more control over adjustments if the market changes.

Maybe if you are a beginner you shouldn't consider staking at all? I would say using ETH to stake isn't a burden, if you are going to spend 100 dollars on a coin, then you can spend 100 on eth or anything else, you are spending the same amount of money. If you insist on staking then ethereum should be the number one.

I understand not many people want to because if they have a small capital then they want to make sure they invest into something which will grow a lot and quickly as well, but this could result with you losing a lot of money as well, you should be careful about the current state. I believe the best thing to do in this case would be just sticking with ETH or even in a newbie case then do not stake at all.

Especially for newcomers, betting looks alluring due to winnings. But what if you still don't know the market and the risks associated with it. Better to start without understanding. I consider ETH staking to be solid, but I can understand the reasons for others' skepticism. Especially if they're dealing with smaller amounts of funds. It's also important to think about the locked-in potential of a fund when you invest. and what may affect your portfolio in the meantime.

Of course, one has to start with a diversified portfolio of good coins, like ETH or even smaller projects with long-term potential, in order to expand their understanding of the market before jumping into betting. Once they are feeling confident in that space, Staking may be one of the more advanced options.

[AbuBhakar]

I only know that the primary consideration is to choose tokens with potential, but here's the question: besides Bitcoin and Ethereum, what other options do I have? These two tokens are quite a financial burden for me.

How come Bitcoin and Ethereum is a financial burden while it’s the top 1 and top 2 crypto based on marketcap that has huge volume and less volatility which means there’s a minimal loss compared if you will invest on shitcoin.

I suggest to focus your Staking on Stablecoins such as FDUSD of Binance that typically higher APR on their launchpool.

Also, can the interest generated from staking all tokens be traded?

Yeah, Why will you mine a token that is not trade able using liquid asset?