Post
Topic
Board Altcoin Discussion
Re: Does staking even make any sense
by
Pandu Geddon
on 15/04/2022, 07:24:14 UTC
Based on the estimation of having earned 9.5% annual profit, that's a realistic result even though the interest is higher than the bank and if you use $ 1k then the profit is not much but the profit is guaranteed. At least you prepare $10k funds then it will get $950 in a year.
The guaranteed profit is a passive profit with a certain amount of capital and I think it's also not bad to do as long as that amount of capital is not used in other jobs because some people when they have that much capital there must be a new job that they will do wake up if he has unusual abilities or abilities that are more than other people in general.
I believe staking only makes sense for long term assets that have a pretty good market. while for new tokens, I will not join there. even though the APY offered by the new token is larger, it does not guarantee its value will increase. only the quantity increases, but the value of the tokens we have can continue to disappear.
Staking only for fixed altcoins. Even though the APY offered is small, its value will not run out quickly.