I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..
Staking is a real cool thing to do and a lot of people have been talking about it these days. And of course there is profit that can be made from staking – you can make as much as 5% to 20%, and sometimes 50%? And I mean per annum. It all goes down to the coin that you decide to stake. There is nothing like loss in staking, because what you’re doing is that you’re providing liquidity to whatever platform you have decide to choose in return for reward.
But, you can still lose money, the money you’re losing is not because you won’t get your reward, rather there can be an adverse movement in the price of the asset you’re staking. Take for example you’re going to be earning 20% for staking a particular asset, and the price of that asset drops 50%, that’s still a loss for you.