Post
Topic
Board Altcoin Discussion
Re: How to store 1 Million $ to Stable coin
by
so98nn
on 08/10/2021, 18:29:24 UTC
If I had that kind of money in crypto I would stake it. Like cardano stacking is good option. 5% yearly is good money when you have 1mil.

Not that good idea to stake a million dollar in crypto staking. They can simply put that kinda money in bank, get 5-6% on Fixed Deposit and on top of that they can avail tax benefits for doing so depending on the country in which they live. Idk, staking a million and that too in single coin for a year is huge risk man. Crypto does benefit you but let’s understand that there are huge huge risks involved when money at stake is bigger. I mean the exchanger where they are staking, the coin which they are staking May or may not be there after year. What if exchanger gets hacked? What if the project they are staking in is no longer doing good? There are some risks involved and that should be assessed before staking.