Post
Topic
Board Tokens (Altcoins)
Re: 🍌🍌 [ANN] ApeSwap | The next-gen AMM, Staking and Farming Protocol on BSC 🍌🍌
by
OcTradism
on 29/04/2021, 08:24:34 UTC
Its a difficult advice to stake coin in bull market especially when the coin cant be unstake within the period(while all the reward could be lost also if unstake) and the coin keeps pumping and I wants to take profit. I prefer stacking and holding for as long as I can, I only stake stable coin which can be long term idea even through the bear market.
Staking is risky because price can be decreased when more coins or tokens are available on the market. It in turn depends on how staking reward and supply chart are for each coin.

Generally speaking, bull market is perfect for you to hold your coin. If price rises 2 times and you sell all, you will regret later when price rise 2 times for the second round, from which it increases 2 times for the third round. If you hold, you will be able to take profit at 8x price from your entry price. That target looks very far but just a few round of doubles, it will be reached.