Staking or savings: Which is better?

[lixer]

Staking is better than saving but it all boils down to your intention. If you intend to save your money, you can put it in the bank. I do fixed deposits sometimes and it is kinda profitable too. Someone elsewhere might not be too comfortable wuth staking because when you stake your money, you are at the liberty of losing it when the trade or business goes south. It's not everyone who have the confidence to stake. So when you can't stake, you have the option of saving. Saving money is like an alternative to anyone who's willing to keep his funds while avoiding spending or losing it.

Usually we have opinions from peoples never been to the point because mostly members understand this is just for the fun purpose we have many times this topic here with too many views, but we need to understand saving of bitcoin is never been going in lost or problem we can take good advantage of this with good profit as well about other coins things were never been stable because we have too much instability which hurt investors confidence even many times we have things gone badly down and investors living on roads.

If someone is interested in long run saving then surely his best option is bitcoin with having saving into secure way surely going to help him in his long run goals about staking or other options are never been realistic.

[CK485]

Staking is better than saving but it all boils down to your intention. If you intend to save your money, you can put it in the bank. I do fixed deposits sometimes and it is kinda profitable too. Someone elsewhere might not be too comfortable wuth staking because when you stake your money, you are at the liberty of losing it when the trade or business goes south. It's not everyone who have the confidence to stake. So when you can't stake, you have the option of saving. Saving money is like an alternative to anyone who's willing to keep his funds while avoiding spending or losing it.

everyone needs to have a good understanding, with the explanation that saving can secure the money we have and it can be better understood, regarding staking, it is necessary to see the basis and user experience to enter it because it is necessary to learn and understand even though it generates income, but of course there is a risk of fluctuation depending on the market situation that occurs.

[Baki202]

Staking is better than saving but it all boils down to your intention. If you intend to save your money, you can put it in the bank. I do fixed deposits sometimes and it is kinda profitable too. Someone elsewhere might not be too comfortable wuth staking because when you stake your money, you are at the liberty of losing it when the trade or business goes south. It's not everyone who have the confidence to stake. So when you can't stake, you have the option of saving. Saving money is like an alternative to anyone who's willing to keep his funds while avoiding spending or losing it.

There are people that they might have both thought of stalking and saving and when you stalk ot comes with profit and in cases like this it is very easy you can do both if the intrest is still in both of them, and one of the reasons people go for stalking is not more for the profit, fixed deposit and treasury are not really bringing much to the table but the choice is for anyone to make if they feel comfortable with staking they should give it try and if they want to save then they should go ahead, and instead of all this why not just invest and expect something better in return that is what gives a little peace of mind. To me saving will save you one day but I still believe more to invest.

everyone needs to have a good understanding, with the explanation that saving can secure the money we have and it can be better understood, regarding staking, it is necessary to see the basis and user experience to enter it because it is necessary to learn and understand even though it generates income, but of course there is a risk of fluctuation depending on the market situation that occurs.

Understanding matters and the intention of what to do, but the level of inflation every were I will not consider saving has an option, it's is good to do it for experience and it will be better to invest my money and expect a good return and we can not really do anything about what the intender have decided and that is why it is always good when you don't make suggestions for people on what to do it saves a lot of stress and explanation and the investment will bring more money than leaving it dormant.

[Decentis]

Native staking is a good option. If there is no freezing (locking period), then great. With native staking, you keep the network decentralized and get profitability.

Another good option is deposit in a lending marketplace. The main thing is to choose a safe decentralized platform.

[Wakate]

many people use atomic wallet and its not custodial

and lost money

still not get compensations or etc

be carefoul with savings 

Using wallets that dose not have reputation and good recommendations from crypto experts is very risky even if the wallet is non custodial; the wallet can be a close-source wallet which is also very risky and prone to hack.

My recommendation about non custodial open source wallet to use is always electrum wallet because many experts here recommends it and it has been on for long and with less scam accusations globally.

Exactly, open source non custodial wallets are the best wallet choice for everyone but most people especially beginners can’t even differentiate between them and they just end up making use of any wallet of their choice that comes to their mind. Closed source wallets are prone to scams and attacks and are very risky and in cryptocurrency assets lost are difficult to recover or impossible to recover.

Before choosing a wallet source we should endeavor to research about different types of wallet and select a suitable one and also understanding the difference between each is important but from my knowledge An open source non custodial wallet is the best wallet choice to store your coins.

The problem is most people are less concerned whether a wallet is open source or close source because their motive is to make quick bucks from the market. Because of the random phrases "not your key, not your coin" many investors that are not too knowledgeable about cryptocurrency are now going after close source wallet because they do not know the difference. Maybe are using close source wallet because of the recommendation they have gotten. I believe with time many investors will start understanding what it takes to have good custody of their holdings.

[shinratensei_]

Native staking is a good option. If there is no freezing (locking period), then great. With native staking, you keep the network decentralized and get profitability.

Another good option is deposit in a lending marketplace. The main thing is to choose a safe decentralized platform.

the only thing that holds me back from native staking is the complexity to mantain validator and also the money required for it to be effective.

for the average joe, it's just no choice, we will fare better staking or providing liquidity on some DeFi. native staking APR also pretty low, only effective if you hold big chunk of ETH for the time spent

[Solosanz]

Staking is better if you can take the risk, while savings doesn't make your coins to grow.

Native staking is a good option. If there is no freezing (locking period), then great. With native staking, you keep the network decentralized and get profitability.

Another good option is deposit in a lending marketplace. The main thing is to choose a safe decentralized platform.

What's native staking? did you mean staking in smart contract? AFAIK most of them require locking period because they will become validators who validate every transactions.

Lending marketplace is risky, even it's decentralized i.e. run by smart contract, but it's not affiliated by the project and they can easily disappear without need to worry.

[AbuBhakar]

Staking is better than saving but it all boils down to your intention. If you intend to save your money, you can put it in the bank. I do fixed deposits sometimes and it is kinda profitable too. Someone elsewhere might not be too comfortable wuth staking because when you stake your money, you are at the liberty of losing it when the trade or business goes south. It's not everyone who have the confidence to stake. So when you can't stake, you have the option of saving. Saving money is like an alternative to anyone who's willing to keep his funds while avoiding spending or losing it.

everyone needs to have a good understanding, with the explanation that saving can secure the money we have and it can be better understood, regarding staking, it is necessary to see the basis and user experience to enter it because it is necessary to learn and understand even though it generates income, but of course there is a risk of fluctuation depending on the market situation that occurs.

It depends on what kind of staking you will enter. There’s a safe staking which involves stable coin or higher marketcap assets that has less fluctuations in the price but of course with low APR.

Savings on the other hand doesn’t give you any profit while you still carry risk of fluctuations for the altcoin that you holds. So I believe staking low volatile assets or participating on launchpool which has same method of staking gives an advantage over just saving on a currency that you can use at staking.

[bitgolden]

Staking is better than saving but it all boils down to your intention. If you intend to save your money, you can put it in the bank. I do fixed deposits sometimes and it is kinda profitable too. Someone elsewhere might not be too comfortable wuth staking because when you stake your money, you are at the liberty of losing it when the trade or business goes south. It's not everyone who have the confidence to stake. So when you can't stake, you have the option of saving. Saving money is like an alternative to anyone who's willing to keep his funds while avoiding spending or losing it.

Usually we have opinions from peoples never been to the point because mostly members understand this is just for the fun purpose we have many times this topic here with too many views, but we need to understand saving of bitcoin is never been going in lost or problem we can take good advantage of this with good profit as well about other coins things were never been stable because we have too much instability which hurt investors confidence even many times we have things gone badly down and investors living on roads.

If someone is interested in long run saving then surely his best option is bitcoin with having saving into secure way surely going to help him in his long run goals about staking or other options are never been realistic.

That's right, bitcoin savings is the way to go and I would say that we are going to end up with a good return, it is not going to be a bad one and I would suggest that you should just hold and save and keep accumulate, because that's the best choice. I think that has to be the key here, I am not really considering this to be an easy solution and we are going to end up with something that will take a long time for it as well.

I believe that we are going to see these things changing, and for that reason we are going to end up with a lot more profit if we could just keep on holding. It's hard I know, seeing it go up, makes you want to sell and take profit, and seeing it go down, makes you want to sell before it goes down even more. Just get over those feelings and hold long term.

[martinex]

I see it too, many platforms offer their users various programs including savings or staking. If you who feel uncomfortable with the current market behavior, maybe that option is good for you to apply, but my advice is to choose a platform that is really good and safe when you run the program. My advice if you have more funds, just join a Launchpool like the BIO coin now on Binance. The funds are safe, the results will go into your account after the event ends and can be sold afterwards. Passive income also in the end.

[Adreman23]

I get what youre saying about savings, if it just means holding onto your crypto. When it comes to staking, its definitely better if you trust the platform offering it and understand the risks, like the price dropping while your crypto is staked. Staking can be tempting because of the higher returns but remember high rewards come with high risks. Its crucial to know what youre getting into and be prepared for the potential ups and downs

[Abiky]

That's right, bitcoin savings is the way to go and I would say that we are going to end up with a good return, it is not going to be a bad one and I would suggest that you should just hold and save and keep accumulate, because that's the best choice. I think that has to be the key here, I am not really considering this to be an easy solution and we are going to end up with something that will take a long time for it as well.

I believe that we are going to see these things changing, and for that reason we are going to end up with a lot more profit if we could just keep on holding. It's hard I know, seeing it go up, makes you want to sell and take profit, and seeing it go down, makes you want to sell before it goes down even more. Just get over those feelings and hold long term.

Saving Bitcoin long-term is good. But have you ever heard about non-custodial staking for Bitcoin? You can leave your BTC at a decentralized protocol to start earning rewards. Not only you'll win from increased market prices by "hodling", but you'll also have more BTC in your wallet for even greater profits. Babylon Protocol and Core DAO allows you to do this.

I'd say saving BTC is a lot better than just saving your money in a bank. The risk is higher, ofc. But totally worth it. If you're up to it, I'd suggest you give it a try.