My TRXs are just sitting in my wallet since late 2017. Until now, I never sold them because I still believe in their project and could turn the price around later on.
I was thinking of staking my TRXs in my Trust Wallet. I understand there are risks in staking, but since my TRXs are just sitting for a long while, do you think this is a good idea especially in this COVID-19 pandemic?
I would definitely looking forward to your suggestions about this to enlighten me, like you may have a better idea, etc. (except TRON daily rewards or smart contract ponzis out there).
Thanks in advance!
I would consider the tax situation in the country where you live in your consideration. In Germany, for example, the holding period until tax exemption increases from 1 to 10 years through stacking.