Quote from: passwordnow on July 04, 2023, 02:00:28 PM

Quote from: deean_3one on July 03, 2023, 04:01:48 PM

Everyone is different. Maybe adda who tends to stake to get more profit. But if I personally choose not to do it. I chose to buy then keep and hold it until the right time to sell the coin.

Buying and holding these assets we buy is the best thing to do. Yes, there's profit in staking but do you guys think that it's worth the risk if the risk is it could be gone for real? I'm telling this because many do like to stake in exchanges and there's no guarantee they'll get back those assets they've put into stake if problems exist with their service. While for some wallets that have that service, you still think of the risk if you can take that.

I don't really think it's worth it even if you are using a wallet or a separate website for the staking because you never know what happens. What if you have staked a lot of tokens and the price of that token started crashing all of a sudden? And you can't withdraw the staked funds because the contract doesn't allow you to do so, that is when you will lose all the money you have invested if you are not lucky and the price of the token doesn't recover at all.

I know it doesn't happen with all the tokens and coins but when we talk about altcoins, we all know that there are great risks involved with them, we have seen altcoins crashing to almost zero and leaving all their investors stunned losing thousands of dollars in investments in that single altcoin.