Quote from: albon on December 03, 2024, 09:19:38 PM

Since the staking is done on a CEX and with coins controlled by the platform, for me it is more risky than the potential profitability of this staking, and it also depends on the person's capital that he invested in these coins. HonestlyI tried this before, and I do not see that its profits are worth the effort and the period of time that I allocated for staking; as the market is volatile, it is possible that the profits will be erased with the decline in the price of the staked coin, and also CEX is not reliable for holding crypto for extended periods. In addition to the price of one BNB coin is now $700, which is $20 below its ATH, it requires any investor to have a good amount of capital to risk, which contradicts the principle of investing what you can afford to lose.

These platforms entice investors with the features they offer for their coins, which increases demand. Still, no one can guarantee the impact of negative news about the platform that could directly affect the coin's price and the invested funds. From my observation of the trust associated with Op, it seems to be a "Shiller" for these exchanges, and a person should not be driven by his greed without calculating the risks associated with his decisions.

Most times I get discouraged with the processes associated with getting these free tokens or thereabouts from exchanges, Sometimes they find a way of even denying you the rewards. I paused to ask myself if it's worth the stress. Working your ass off, spending data and wasting mental resources all for those peanuts. You only get good rewards when you invest good amount of money.

It's better to wait for the bear run if your interest is in short term gains, invest in these promising alt coins and wait for the bull run to Cap good profits. People should know that if you channel the same energy you invest in chasing these faucets and mining pools into actually learning a skill, you'll develop yourself, offer your services to companies and get enough money to invest in the bear run and there are still companies that pay in crypto. It's all about aiming for the bigger fish.