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?

Stablecoin interests do not really appeal to me, if I wanted to do that then I would have just taken dollar out and put it in a bank and make money that way, I do not understand why people think that we could make much from it. I believe that it is not a good idea and we should stay away from it as much as we possibly could. I know that it is going to take some time but it can be done and we could make some money from it.

I feel like the best way to make money from staking would be to ETH, it has natural staking now and it brings in a good chunk of money while also going up in price as well. It allows you to gain from both sides and it is a great way to retire if you want to keep investing for long term as well. It could allow you to eventually have enough income to just live with the staking interest.