Post
Topic
Board Altcoin Discussion
Re: Staking Altcoins For Interest Questions?
by
justdimin
on 13/09/2024, 06:48:10 UTC
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.
I agree with this, it doesn't make sense to me that we put stablecoins into interest, I mean if all I wanted to make money from is interest from dollar, then I would have kept myself in the fiat world, not get into crypto at all. I agree that staking in crypto is fine, but with cryptocurrencies, not with stablecoins, that doesn't make sense to me at all.

I feel like the best way to move forward would be just making sure that we deal with crypto itself and not stablecoins. Interest is something I do prefer to get if I can, because I am a long term holder and if I can make even just a small bit more then I would be happy with that, but it depends on the risk I am taking, if I am giving my money to some risky place, then I rather not do that.