Post
Topic
Board Trading Discussion
Merits 3 from 1 user
Re: Less Risky Modes Of Earning In The CryptoSpace That Should Be Considered.
by
irhact
on 25/06/2024, 19:31:39 UTC
⭐ Merited by Odohu (3)
A lot of these abound. Ranging from passive earning opportunities like staking, farming and lending, newer frameworks like PoolX are currently having a field day. With the PoolX, users are given an opportunity to stake USDT, $BGB & Other alts to mine other good tokens.

Let me know what you think about these kinds of ways to earn.

They're risky and you can lose your tokens after you stake them on the platform. The best way of earning is investing or trading as you have control in this two ways of earning. When you're trading, you're going to decide when you're going to stop anytime but for some of the platform that has staking, they're the ones to decide when you're going to be able to unstake, they'll have different options but you still have to choose form their choices.

Staking can make you to miss the best time to sell your tokens that you're holding, I had a friend that use a staking platform and he needed to wait 90 days before he can unstable but when he was able to unstake, his tokens has already lost alot of value and he regretted using the platform for staking. Beside you don't know how valuable the new tokens that you'll be receiving is going to be.