Post
Topic
Board Altcoin Discussion
Re: How good is staking coins?
by
Looper_U
on 22/12/2021, 08:41:13 UTC
Instead of just holding coins for an uncertain time, it is better to staking to increase profits. Each coin has a different staking result, I can't say how much I get every month because the staking time is different for each coin.
Here is why I hate staking coins, I invested in a token and made 10x so I decide to stake since it's a play to earn game and it's not launched yet, after a month of staking the game got launched and my profit shrinks from 10x to 2x lol so the APY isn't even that huge, am I at lose or not? I believe in taking profits and if staking is necessary then I will use stable coins instead