Post
Topic
Board Trading Discussion
Re: What do you think about staking?
by
passwordnow
on 15/12/2021, 10:13:41 UTC
In my opinion, I think staking is a very good way to earn passively. Users do not need to spend too much time and effort but can still earn more money, the only thing to do is stake the number of coins/token they want and choose the desired time. However, it is necessary to carefully study and select projects that are good and have potential for future development in order to achieve high profits.
Yes, it's a passive income that one that really uses as another way of gaining wealth and as well as for cryptocurrencies. The more you stake, the more profit that you can make.
It's the logic in staking, you have to invest more so that you can also earn passively a lot. Because if you're just going to invest a few and expect a lot of return, that's not going to happen.

As long as we can find trusted platforms and the right coins for staking, staking is a great way to earn passive income. Especially if we are people who
have a lot of busyness and do not have time to monitor the market, seems like staking is the right choice if we want to earn passive income in
the crypto world. The problem with staking is that the interest given is very low, so to get rich from staking, we must have a large capital.
Therefore, if we only have a small capital, instead of staking, better long-term investment in coins with strong fundamentals is much more profitable.
About looking for a trusted platform, I do trust those wallets that are offering to stake and they're giving you your private keys. But if that platform you're saying is just another exchange, I won't use to stake on that exchange because they're not giving you the private keys for your coins to stake. The idea of making a profit in staking is that you should really have a greater amount for you to feel the gains because if it's just a couple of bucks and a hundred, you barely feel the profit.