Post
Topic
Board Altcoin Discussion
Re: do you do mining or staking?
by
Pamadar
on 25/01/2021, 12:38:46 UTC
Staking is nearly as profitable as the mining or trading of cryptocurrencies, and without risk. All you have to do is stake (buy & hold) some coins in order to get added to the mining pool. As for profits, the actual profits you can make from staking will depend on how much you vest and for how long.
Staking is not that easy as you said, you need to make sure that the project you plan to stake is a top altcoin or risk losing your money before your staking cycle is over, I will only stake coins on top 10 coinmarketcap rank

Correct, Staking is profitable if you manage to pick the right project to invest your money.

There are selections of staking coins out there but you have to really sort things out, you need to find deeper information to avoid
losing your chances, as there's also possibilities that with the wrong timing you'll lose the value of your investment in a split seconds.
Don't just buy and stake do your deeper research.