For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.
I had a nasty experience with some tokens I staked last year. At first, I was scared going into it but after a while with conviction from another crypto friend I jumped in. It was an enjoyable experience until that which I dreaded happened. I was compounding my tokens on the site I staked them. Then one day I tried to access the site only to discover that the site was down. Later, I discovered that it had scammed. It was like a dream to me. I lost a lot of funds in that encounter but then that's business. Life goes on. It still won't stop me engaging in staking if I see an enticing offer again.