Post
Topic
Board Altcoin Discussion
Re: Would You Advise People To Stake?
by
QueenVera
on 20/07/2023, 22:37:09 UTC
As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?

People are scared of staking because they feel staking are not productive because there has been false accusations that stake coins give low return because when they get unstaked that they get dump.by whales to manipulate the price and bring the price down so those that staked their coins won't get much profits. Staking has been one of the most profitable ways of investing .
Because when you stakes you're reducing the coins in circulation and giving the project more opportunities to give good return to their earlier investors. I'll always advise people to stake as it gives investor more opportunity to hold their tokens instead of if selling and this make room for future investors to profit instead of regretting of selling their investment very early.
Staking makes you become a diamond holder as you receive reward for holding so you'll always be interested in staking but just holding or trading makes you put yourself at risk of no profit. Anybody's that what to make big  profits from the cryptocurrency markets has to become a holder and a staker because, you don't lose when you stake instead you profit more profit.