Post
Topic
Board Altcoin Discussion
Re: Does staking even make any sense
by
Imran232
on 07/09/2022, 13:01:11 UTC
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In my opinion, staking is a good option, but in this case you have to understand what type of investor you are. If you are a short-term investor, staking is not for you; however, if you intend to invest in any coin or token for a long period of time, such as 2-3 years, why not use the staking feature if it is available? Just think you are holding a coin for 3 years. That's your plan. If you hold this coin for 3 years, then you will get the profit after 3 years when you sell it. The profit will be the price you paid for it. But if you stake and the return you will get from the coin is 20-30% atleast a year, then just imagine you will get your investment back after a 3 year stake period. That means now your investment amount is 90% extra. That means whatever profit you will get before you stake, now you will get an extra 90%. This means your investment becomes 90% extra without investing. That's it.