Post
Topic
Board Altcoin Discussion
Re: Is Staking Coins a Good Idea?
by
Masyudhi
on 22/09/2021, 16:24:46 UTC
Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
It's a great thing if you stake the good one for some passive income in the future, always a good idea to have another source of income while you can do other stuff with that staking things going on.
Who knows in the future those coins you have been staking so far, could have the increase of price and make your coins' price become doubled than first you had.
long-term planning of staking of course to get a better price than the current price.
Staking is great for a down market, and it can be profitable in the long run.
but it all depends also on the staking planning that is done. some platforms impose a minimum time for staking. but some others can easily unstake at any time when it wants to exit and change the plan to trading.