Quote from: irhact on June 25, 2024, 07:31:39 PM

Quote from: ShayLegal on June 18, 2024, 07:33:39 AM

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.

Some do even considering on farming out those coins and really that getting hook with those good % APY's without even trying out to think about those risks probabilities that could happen.
Well, this is something that falls down into someones personal choice because not all would really be that risks takers for them to have such approach towards on that they are investing into.
When dealing up with investment in crypto or into those traditional investment as well on which you would really be needing up to consider on what are the risks involved so that on the moment
that you would really be tending to make out those kind of approach is that you could really be able to adjust accordingly and find for yourself on which method or ways that works for you.