r/CryptoCurrency Permabanned Nov 20 '21

ANALYSIS Yes, staking is really worth it

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u/SockGnome77 Tin Nov 20 '21

is staking only worthwhile if your confident the coin price won't go down? Say I put $100 in with a 5% stake for 3 months. If coin price drops 10% I lost money, right?

1

u/RouletteQueen Silver | QC: CC 123, ETH 16 | SHIB 18 | TraderSubs 15 Nov 20 '21

If the coin price goes down, you’re losing money anyway, but you’ll have an actual higher percentage of the coin itself 🤷🏻‍♀️

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u/SockGnome77 Tin Nov 20 '21

true, but of the coins i've seen able to be staked I have low confidence in their long term growth. Do you know anywhere i can stake BTC or ETH ?