Post
Topic
Board Trading Discussion
Re: Seeking Passive income offer with low risk
by
Mpamaegbu
on 11/09/2023, 15:48:13 UTC
Normally you don’t get decent yield on staking bitcoin.
I guess you wanted to say stake to earn Bitcoin and not stake Bitcoin.

People who suggest @OP to stake his coins is wrong, staking is earning small amount of coins by taking big risk since smart contract is vulnerable and the centralized site can get hacked, so the @OP would lose all of his coins.
You're right. Staking bears more risk than its supposed reward. I learnt this valuable lesson last from experience and it shocked me. Before then, I had thought earning passively by staking was a piece of cake until two sites owned by one source I staked on shut down last year. I lost all my tokens (KCLP, and other two tokens) on it. Still suffering from that shock, I used to check coingecko back then to find out the prices of those tokens I lost until I found out that they no longer trade.