Quote from: jerry0 on September 05, 2024, 11:31:00 PM

I know many coins out there, you could stake and get interest on it. The issue is if you buy that coin and say the coin drops in price, even if you earn money from staking, the price of the coin dropping means you would lose money. It seems the only safe staking is coinbase with usdc where you get 5% correct? However, is that still not safe like how gemini use to offer like 7% or more on their gusd?

On ledger live, it seems to show how certain coins you could earn interest in it like tezos which is 9%. ETH is like 3%. There are several other coins which is under 10%. Those are with 3rd party right? Are those safe?

Now if someone is going to hold an altcoin and can stake it, is there any reason not to stake it? This is assuming you already bought that altcoin a while back and don't plan to sell it. Staking altcoins isn't similar to like how people staked with nexo and celsius a while back or it's the same?

You're right, it may be a double-edged sword to settle down. Even though one could realize a profit from one's investment, wildly fluctuating silver prices can offset those gains. It is for this reason that many investors weigh the potential return of an investment against the risk of price movements.

In the case of USDC from Coinbase, yielding 5%, the investment is usually low-risk compared to the investment in other much more volatile assets. USDC is a stablecoin pegged to the US dollar. So while it's very stable, it is less valuable compared to more volatile assets.

However, in the context of both Gemini's GUSD and its competitors, the average volume becomes quite attractive. But there is always a trade-off between reward and risk. Often, different strategies and different risk profiles come along with stablecoins and interest rate accounts. Understand specific passwords and the security measures for each particular platform-that is very important.

The options of staking on Ledger Live, such as 9% Tezos and 3% ETH, are really good. But yes, such options are provided by third-party applications, which do the wrapping of your coins in a safe way. This safe wrapping of your coins may be of various natures. Risk is many times related to the protocol and platform you use. Therefore, researching its safety and reliability is important.

Quote from: mich on September 07, 2024, 07:36:19 AM

Well those are good interest rates you will earn if you do stake alts like tezos and eth. I did useed to stake coins on a exahnce but now I like to have full control of my coins.
There is still alot of people that does stake coins on exchanges and ledger. But there is people that will not stake just because we never know what is going to happen to those coins.
And it can take some time to get them back if they are being staked. You can stake if you want but it is a good reason you will get those good rates to do it.

Controlling your coins is very important, and it is understandable why one would not want to gamble on them, especially with the risks involved. Staking through an exchange or a platform like Ledger can bring in attractive profits, but as you've pointed out, it comes with its own risks. So long as you get your coins and the platform is safe, that is all that matters.

Whether you bet on any platform or maintain control completely depends on your risk tolerance and your investment strategy. If you value or control, then you take into consideration safety or you will have problems with the fence platform. You can handle your currency directly in case you feel comfortable with the security measures of the platform and the tariffs it offers. Staking is among the means of getting extra returns on your assets.

Finally, in Conclusion It is very paramount to weigh up the benefits of a bet against the risks involved. It is good to carefully weigh these factors, and choose to manage it in accordance with your investment objectives and risk tolerance.