Ninjastic
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Post
Topic
Board Speculation (Altcoins)
Re: Will you stake your token to make profit?
by
StarofBTC
on 03/05/2019, 11:59:09 UTC
Quote from: ROCKMINEROFFICIAL on April 28, 2019, 02:17:04 AM
Recently staking gains great popularity in crypto market, especially among wallet users. Some wallets claim that you can get extra 7-150% token if you choose to stake your token in their wallet. What on earth is staking? I wrote sth about staking on medium.https://medium.com/@rockminer/staking-another-new-way-to-make-money-in-crypto-aabf58143bb7

Here is the thing: will you choose to stake your token to make profit？
One must explore multiple sources of income to really make it in this cryptocurrency situation now, if the project offering the stakes is a reliable one, then I will stake my tokes but not all, I will just see it a another opportunity to make money based on interest.

This is the strategy I have learnt from one of my mentor, I will not just completely put my total tokens into stake, I will hold some for long, trade with some and still stake some, although staking has a minimum amount, I think for DASH Masternode is 1000, so I also consider the cost of the toke too before deciding if I will stake my token or not, but it is really worth it if I have the opportunity to do so.