Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: notBradPit on November 06, 2024, 04:53:55 PM
-
Most people have recommended I stake for memecoins on exchanges because they usually have high APRs up to even 200% sometimes and their price can be more spontaneous but then more risky
While other people have recommended stable altcoins like TON, EGLD, and many more with lesser APRs but more stability
Which do you guys think is better?
-
Since the altcoins season has not started yet, the best investment right now is Bitcoin. Over time, you will find that some altcoins start to rise, and then you can try Ethereum, Solana, or any trending project before selling most of your investments and converting them to a stablecoin to buy again.
-
When people talk about stake, they usually talk about staking coin rather than token. Anyway, the fact you asked this question probably means you're not ready to take such high risk. So i would suggest you to buy Bitcoin or popular altcoin and optionally stake it (altcoin which use PoS) on service you can trust.
-
When people talk about stake, they usually talk about staking coin rather than token. Anyway, the fact you asked this question probably means you're not ready to take such high risk. So i would suggest you to buy Bitcoin or popular altcoin and optionally stake it (altcoin which use PoS) on service you can trust.
You're right..staking less volatile assets is the real deal..BTC, eth, sol, egld, near, sui, tia used to be good but it's now volatile so I wouldn't advise that??
-
When people talk about stake, they usually talk about staking coin rather than token. Anyway, the fact you asked this question probably means you're not ready to take such high risk. So i would suggest you to buy Bitcoin or popular altcoin and optionally stake it (altcoin which use PoS) on service you can trust.
You're right..staking less volatile assets is the real deal..BTC, eth, sol, egld, near, sui, tia used to be good but it's now volatile so I wouldn't advise that??
The timing must be necessary in order for the investor to profit. Like during the bear market where price is very low. It was my mistake also that time I bought some tokens that are already pumped.
Investors however are uninterested to do this in bear market because there is no exciting price movements.But I think the determined investors are eyeing these staking coins when the price is at its bottom.
-
Most people have recommended I stake for memecoins on exchanges because they usually have high APRs up to even 200% sometimes and their price can be more spontaneous but then more risky
While other people have recommended stable altcoins like TON, EGLD, and many more with lesser APRs but more stability
Which do you guys think is better?
Firstly I want to say that the two coin you have mention on your op TON and EGLD are not the stable altcoin this are also high volatile market cap and if we check the price chart we will definitely find out that. Stable coin are the USDT, usdc and the FDUSD also. Currently this apr on finance also up to 10%+
I myself have a stake in USD in binance but if someone wants to do altcoin staking for long term then I say they should choose top level altcoins first in this case if you choose ton coin then I say not bad also I think BNB, Ethereum won't hurt to stake in these coins either.
-
I prefer non-custodial staking, as such cexes are out of question. I am currently staking hive, atom, osmo, pyth, tia.
Hive because there is 3% native apr, and you can delegate staked hive to other users, delegation apr usually hovers around 10%. Other mentioned are staked for airdrop purposes.
-
Most people have recommended I stake for memecoins on exchanges because they usually have high APRs up to even 200% sometimes and their price can be more spontaneous but then more risky
While other people have recommended stable altcoins like TON, EGLD, and many more with lesser APRs but more stability
Which do you guys think is better?
Firstly I want to say that the two coin you have mention on your op TON and EGLD are not the stable altcoin this are also high volatile market cap and if we check the price chart we will definitely find out that. Stable coin are the USDT, usdc and the FDUSD also. Currently this apr on finance also up to 10%+
I myself have a stake in USD in binance but if someone wants to do altcoin staking for long term then I say they should choose top level altcoins first in this case if you choose ton coin then I say not bad also I think BNB, Ethereum won't hurt to stake in these coins either.
Isn't that a slow revenue maker when you could be making more if you buy BTC using that stable coin? It's the tip I have read before where traders are best staking USDT in bear market.
There are more tokens to stake in bear market but ensuring to unstake when the bull season is about to end. Sell before the bear market starts.
-
Most people have recommended I stake for memecoins on exchanges because they usually have high APRs up to even 200% sometimes and their price can be more spontaneous but then more risky
While other people have recommended stable altcoins like TON, EGLD, and many more with lesser APRs but more stability
Which do you guys think is better?
There are 2 kinds of staking; the flexible and fixed staking.
Now, the flexible staking can be withdrawn at anytime without stress, it can even be withdrawn within days according to the taste of the user
The fixed staking is been placed there for a certain period of time and cannot be withdrawn until the duration elapse.
I stake USDT, BTC and ETH, though the APR is not much but I placed it there since they are assets on HODL and not in for trading.
I don't really think staking memecoin is a good idea because of its volatility, even the top memecoins, staking them is a kind of risk from my point of view.
I prefer trading them than HODLing or Staking them.
On the other hand, I prefer the flexible staking, so when the market is up to the price I would love to sell, then I can withdraw my staked coin ASAP and sell off.
-
There are 2 kinds of staking; the flexible and fixed staking.
Now, the flexible staking can be withdrawn at anytime without stress, it can even be withdrawn within days according to the taste of the user
The fixed staking is been placed there for a certain period of time and cannot be withdrawn until the duration elapse.
At the moment, no matter how high the APRs are, you will find that investing in any cryptocurrency will yield higher results. It is true that investing in memecoins means quick profits, but it is better to think of it as a liquidity pump (if you really know how to do it) or just invest in Bitcoin.
-
Isn't that a slow revenue maker when you could be making more if you buy BTC using that stable coin? It's the tip I have read before where traders are best staking USDT in bear market.
There are more tokens to stake in bear market but ensuring to unstake when the bull season is about to end. Sell before the bear market starts.
Obviously it is slow revenue maker if we buy Bitcoin using that stable coin on the bear season maybe their could be much bigger profit we can earn. But here I think will have to remind this that Bitcoin is a volatile asset and on the other hand stable coins were pegged by the USD.
Suppose you face and emergency situation and you need urgent $1000 but you have invested that fund on Bitcoin and the price of Bitcoin has dump 30% so that your invested amount will be 700$ in cost you will face 300 dollar loss on that emergency situation. I hope you are understand. I am holding Bitcoin and as well I have the stable coin for facing my emergency situations.
-
While other people have recommended stable altcoins like TON, EGLD, and many more with lesser APRs but more stability
Only stablecoins are stable and no other altcoins can compete in this. For this reason, I recommend that you only send stablecoins to staking. Of course, you will not receive 200% per annum, but it will be more acceptable for your deposit and you definitely will not lose your money.