Quote from: Zaguru12 on April 30, 2024, 01:23:09 PM

Quote from: VicManton on April 30, 2024, 01:02:07 PM

While the market was dangling and there was a strong fall in the general crypto market, I remembered the traditional bank savings where you could save your money and still get some interests on it. Imagine saving Bitcoin and earning interests on it when it has gone down and when it goes back up, you are in double profits margin, because it will be too risky to not have a way save your assets and your profits from the falling market and waiting for when the market is favourable.

That’s same thing as staking of cryptocurrency which happens on Altcoins and also on bitcoin using some centralized exchanges. You get some percentage of APR for the time you state the coin with them. But my question is OP do you actually want to trust some entities with your funds for just small percentage of returns which to me isn’t what the risk?

-snip-

We have talked about this topic a thousand times before in the forum. Imagine that you stake your sats at a 5% APY (which, btw, is quite high): you should keep them for 15 years in that centralized exchange to double your funds, but you can lose it all in just a second if the exchange goes bankrupt or whatever.

For me, it's too much risk considering what happened to other big exchanges before. But who knows, one man's trash is another man's treasure.