Post
Topic
Board Altcoin Discussion
Re: Does staking even make any sense
by
CryptoBuds
on 13/07/2022, 00:00:54 UTC
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.

Staking it helps you to increase the number of coins you hold instead of holding your coins will not increase. Staking is a good solution, choosing a safe stake platform is crucial, or else your assets will not fly.

Instead of holding in a bear market, stake is the solution to increase the number, but you have to determine a long-term holding strategy, because when you stake your coins will be locked for 3 or 6 months so you won't be able to sell your coins if the market suddenly recovers or you need cash.