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..
I have to say people are still worried about these things and it surprises me. In crypto we do not know what would be profitable and what will not be, the chaos we have in this market doesn't exist in anything else.
You may try to do your best but sometimes something totally unexpected will happen and you will lose money or maybe you do not have any hope for your staked coins and suddenly it does an 2x and you get richer. Honestly things are not really predictable all that much. Is staking good? Sure, if you are lucky and what you staked makes money, if what staked is not doing well then you are unlucky and it is not profiting. But, this is not just about staking, goes for every single crypto.
In other words there is always a risk when it comes to this and this is absolutely true.
Even if we just sit back and hold on, this is actually something that risks whether this coin will run well enough or is it just a waste of money.
On the other hand, staking in my opinion gives something more to be gained, regardless of profit and loss it returns to risk and indeed this is something that cannot be denied here.
with staking I feel when it can be an advantage of course it will double apart from the price increase, our coins will also increase
You are right in what you say, what happens is that placing a part of the money in altcoin to generate another altcoin and in the long term is totally trusting the platform, currently there are many platforms and those platforms at any time can close everything and leave and that is what should be avoided at all costs, of course there are some that are more reliable than others, such as a recognized casino or a platform such as Binance, but in the same way it is putting money at total risk, in Binance recently they frozen funds from Colombians for investigations, and that is something that is already a motion of alert.