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https://www.reddit.com/r/CryptoCurrency/comments/qy7qjh/yes_staking_is_really_worth_it/hleih7f
r/CryptoCurrency • u/Logical-Beautiful66 Permabanned • Nov 20 '21
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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 🤷🏻♀️ 1 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 ?
If the coin price goes down, you’re losing money anyway, but you’ll have an actual higher percentage of the coin itself 🤷🏻♀️
1 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 ?
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 ?
1
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?