Post
Topic
Board Altcoin Discussion
Re: Is it wise to stake your crypto currency
by
blackened515
on 16/07/2023, 02:04:52 UTC
Staking could be a good idea if you stake a potential altcoin at a trusted platform. If you want to long hold your altcoin, then why not staking coin that offers you good amount of Roi annually. But staking means, you are giving your altcoins to another's hand and you can't control it anymore untill Certain time! Even sometimes you don't know, what will happened until the end of certain time. Thats why i didn’t stake till now, its better to keep my altcoins in my wallet and trade those wisely to have profit
Good Staking will always results in solid endings, although we might still experience some losses along the process, you know why? This is cryptocurrency and losses can never be avoided in every stage. For me, I'm stick to my plan, holding bitcoin and making sure I keep accumulating more altcoins during the bear season. Staking is one of the few activities that are less risky in crypto, it's held at helping us generate profits from our accumulated coins in our portfolio with absolute lesser actions in the market. Altcoins and stable coins are highly recommended for Staking because there results are massive.