Quote from: SirLancelot on Today at 03:04:36 PM

Quote from: Halime Anatolia on June 07, 2023, 01:50:09 AM

Right, One of the passive income options provided by trading services or platforms. Of course why not. However, my advice is to try to read and review the terms and conditions that apply to the coin you want to bet on, because if you go straight to staking without knowing the rules it could be another story and on the other hand By staking, you are contributing to the stability and growth of the network, which can increase the value of the cryptocurrency you hold. Happy staking.

It's nothing more than a myth that staking is a contribution towards the stability and growth of a network and it can increase its value of it, the value of a token depends on its supply and demand, if people are buying it more and it has a limited supply, its value will keep increasing, if it has a very high supply, it will require a lot of investment for it to gain value and staking won't help in that at all.

I personally prefer trading over staking because you don't really get a lot of money by staking your tokens but if you convert the same tokens into a stable coin and make a few trades every day, you might get a higher percentage in profits, but that would only work if you have enough knowledge about trading and some experience of the market.

You are not mistaken, the direction you are referring to is that the value of the token mainly depends on the dynamics of its supply and demand. Moreover trading has the potential to generate higher profits compared to staking, provided one has sufficient knowledge and experience in the market.
Trades can indeed be profitable if executed skillfully, taking advantage of market volatility and timing. However, trading involves risk, including the potential for loss. It takes market knowledge, analysis and experience to make consistently informed trading decisions.

Staking offers the potential for passive income and supports the network, while trading can provide active profits. The choice between staking and trading ultimately comes down to individual preference, risk tolerance and understanding of each other's strategy.