Quote from: helloinox on July 04, 2022, 06:56:31 PM

Quote from: Iyeman on July 04, 2022, 04:08:10 PM

Quote from: Desmong on July 04, 2022, 12:49:21 PM

Staking can make lots of sense when the aim is to stake for a long period of time. Staking is the same thing like holding your coins but with interest and we have different types of staking depending on what we really interested in. There are staking for a year and there's are ones for 6 months, 3 months, amd one month depending on what we care about. I prefer staking my coins now that the market is down with better APR.

Staking is definitely better than holding long term and letting the investment did nothing, after all if it's waiting for the coin having value increase, staking could definitely helps make gain a little in term of the investment.
So basically it depends, if the investment is gonna be for long term holding, staking definitely makes a lot sense since it's just waiting.

But then you have to take into account that staking also carries risks. Sites you let it stake can get to problems over long term of staking. They might be too stupid and invest in a failed project and can not pay back your promise staking reward.

Yes this can be true and that is one of the things people get scared of the most in staking where the site can have whatever problem and you are unable to withdraw your crypto assets but some other sites like MyCointainer]https://www.mycointainer.com/cold-staking#howItWorks]MyCointainer allows you to delegate coins to their nodes and earn rewards while your coins are still in your wallet.
In staking, I believe investors have to look at some parameters about the staking site beyond just the reward you will get and besides, if aren't really a good trader then staking is the other good option while HODLing your assets for the long term.