Hey crypto enthusiasts.
I recently discovered staking and I'm pretty interested in it.
However, I noticed TEZOS and COSMOS are the most staked and known staking coins. What is your experience with it? Is this profitable?
I found out that a project which i have been following lately has started its own staking event -->
https://newscrypto.io/holder_rewards.pdf Is this the same as staking? It looks profitable but i dont understand the whole procedure behind it.
What are your thought and experience around these staking/holding events?
Thanks in advance.
Nah, I'm not having fun of doing this either cause if we would like to generate more profit better have to engage in trading or either just to hold Bitcoin. Staking won't give you much profit, it has a high risk of losing the same risk that you've been int trading. Of course, it also matters what coin you've been chosen to stake but much preferred to hold known altcoins or stick into Bitcoin alone.
Anyway, there is something we need to try and to find out also what is the result in a certain thing. Actually, there is no harm to that but I have to suggest not to put a big money on this trial.