Quote from: mindrust on Today at 07:05:19 PM

Quote from: CupCakeHugs007 on July 19, 2023, 09:49:28 PM

~snip~

No staking is mostly a scam. I always advise against staking alts except for ETH because ETH is probably one of the best alts out there so staking it would be good for you financially.

The other alts are however simply scams so you are only wasting your time and money when you are staking them.

Why do that? Just buy bitcoin and hold. It worked before, it will work tomorrow.

^ I respect your opinion because each of us has different preferences regarding staking.
Staking itself is not a scam, but caution is warranted when considering which projects to stake in. ETH has a strong reputation, but it is important to conduct due diligence for any investment, including cryptocurrencies. Diversification and risk management should be part of an individual's investment strategy and it is true that not all altcoins or cryptocurrencies are created equal. Some projects may lack substance, and transparency, or have questionable intentions, making them risky investments. It is very important for us as an investor to exercise caution and conduct thorough research before staking our funds in any project that you can entrust to hold your asset for a long period of time.