Post
Topic
Board Altcoin Discussion
Re: Staking or savings: Which is better?
by
AbuBhakar
on 28/12/2024, 16:12:39 UTC

Staking is better than saving but it all boils down to your intention. If you intend to save your money, you can put it in the bank. I do fixed deposits sometimes and it is kinda profitable too. Someone elsewhere might not be too comfortable wuth staking because when you stake your money, you are at the liberty of losing it when the trade or business goes south. It's not everyone who have the confidence to stake. So when you can't stake, you have the option of saving. Saving money is like an alternative to anyone who's willing to keep his funds while avoiding spending or losing it.

everyone needs to have a good understanding, with the explanation that saving can secure the money we have and it can be better understood, regarding staking, it is necessary to see the basis and user experience to enter it because it is necessary to learn and understand even though it generates income, but of course there is a risk of fluctuation depending on the market situation that occurs.

It depends on what kind of staking you will enter. There’s a safe staking which involves stable coin or higher marketcap assets that has less fluctuations in the price but of course with low APR.

Savings on the other hand doesn’t give you any profit while you still carry risk of fluctuations for the altcoin that you holds. So I believe staking low volatile assets or participating on launchpool which has same method of staking gives an advantage over just saving on a currency that you can use at staking.