Post
Topic
Board Trading Discussion
Re: IS STAKING AND EARNIG NOT A GOOD INVESTMENT STRATEGY TOO?
by
LogitechMouse
on 03/06/2025, 22:40:35 UTC
Bitcoin staking can be another holding/investment strategy for idle coins or upcoming traders.
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Staking and earning is good for idle funds/coins and can really help upcoming traders that are always busy with other works or activities.

What do you think about this?
If it's on altcoins, it would be a good thing to try staking on their own platforms since you have your own keys and you have the control on it.
 
Now I bolded the word "Bitcoin" because the only way for you to stake or earn from your Bitcoins are when you store it on those exchanges out there that gives you around 1-2% annually just to store your assets there. Now it isn't recommendable to store huge amounts of assets on CEXes, but if you don't care about the possible hacks that could happen, and a possibility of you losing your assets or them freezing your account then put it on there.

Apparently, there's this token which primarily focuses on Bitcoin Staking which has a name of "Babylon", and I'm not that much familiar with it, and I don't know if it gained traction at all, but maybe you can try putting it there as well.