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.
Benefits -
Staking can be a great way to earn rewards while holding onto your investments for the long term.
Risks -
Staking typically involves locking up your coins for a certain period of time, which can limit your ability to sell or move them quickly.
Staking with an unreliable or malicious validator can put your investment at risk.
Blockchain networks can undergo hard forks or technical difficulties that could impact the value of your staked coins.
Tips -
Choose a reputable validator to stake your coins with.
Do your own research and stay up-to-date on news and developments in the blockchain industry to make informed investment decisions.