Post
Topic
Board Altcoin Discussion
Re: what is difference between HODL and staking?
by
deean_3one
on 16/02/2022, 13:33:42 UTC
hii all
my question is what is difference between HODL and staking
The term HODL in the world of digital money can be understood as a strategy to buy assets and hold them. HODL strategies are generally used to avoid losses due to short-term volatility in the cryptocurrency world.

Staking is done by locking assets. Later you will get interest on the locked assets. At first glance, it seems very easy and profitable. However, staking is also not spared from deficiencies or risks.

Before deciding to staking, do some research first and make sure the platform you choose is a trusted platform. Because, with staking, you are required to lock in crypto assets that you have for a certain period of time. That is, during a certain time, you can't sell the coins.

It can certainly hurt you. Because you missed the moment when the value of crypto assets was rising. You also can't sell assets and make cut losses when prices are falling.