It's easy to look at the math and what has happened in the markets and call ETH staking dumb... It's not like Bitcoin has done much better... Personally, I had no intention of ever owning ETH and found myself with some (not a ton) that had accumulated through various means over the years. I started staking it because why not? Would I have been better off selling everything at the exact top, sure. Is that realistic? No. I believe that ETH will return and hit new highs again someday. Maybe then when you look back you'll realize that you weren't making a couple hundred bucks a month, but a couple thousand. At that point it will look dumb not to have staked.
Crypto is fun. Do all the things. Stake. Mine. Spend. Stack. Do it all! Just don't try to make money trading it back and forth.
Crypto is fun. Do all the things. Stake. Mine. Spend. Stack. Do it all! Just don't try to make money trading it back and forth.
I think the people who found themselves with a decent amount of Ethereum done the right thing staking but as I said before they would be making much more if they converted to another coin like Zilliqa for example and Atomic Wallet has the built in exchange with the lowest fees so far so it is a good option.I am not saying that people who staked Ethereum have done wrong,they could have simply earned more if they converted ETH to another coin,in the end I strongly agree with you as I am doing the exact things,staking ZIL,mining RTM,ETH,ETC and ZIL,spending some of them,playing casino when I feel for it,in other words I am enjoying crypto to the fullest.
I am barely willing to hold Ethereum. I can tell you that I have no desire whatsoever to hold Zilliqa or RTM, or any coin that I don't have a need for. I actually find myself from time to time needing ETH to buy things I want to own. Even MATIC I hold some to use for metaverse stuff or cheap NFT transactions when I'm playing around in web3. I've never found myself having a need for ZIL or RTM... Seems like their main purpose is probably to get people to part with their ETH or BTC to own a useless coin. Maybe you have a use for such things, but I don't care how much interest a coin pays when I don't need to use the coin for anything. It's all just widgets unless it's for a purpose and I doubt anyone is using ZIL for anything other than trying to find a greater fool to sell it to at a profit.