To Stake Or To HODL

Since joining hive this has been one of my biggest issues. Staking what I have and leaving it in my wallet for the pump. Am not gonna lie, everything is there for you to see. I sometimes take out some hive to cover my day-to-day expenses in school. Am a student and hive is the only way I earn; well I do trade but not mostly and I do trade only when I have enough funds.

But lately, I’ve been wondering, why is it that we can stake certain second-layer tokens but then we can’t stake some. Well, I’ve got no answer to that, am not looking for the answer but the benefits the staking has for some of us.

Let’s take Leo and bro as 2 examples. If am right, after about two months I decided to start powering up Leo, this meant I decided to start staking Leo. I saw the use case of Leo and I liked it. It was not expensive and getting up for 150 Leo to stake every month was not a lot of headache for me even though I was starting out. Apart from staking it, I could earn it by using it to vote in liquid Leo. It was perfect for me, it was exactly what I wanted.

Then there came along, bro. I think at that time bro was like 5 hive or so. I decided to get a few of them but then I, later on, sold them. This is because they have no staking feature. Yes, I can agree that I sold the bro because I was in need of cash but then I could have survived without it. It was not like I had pressing issues at hand. I was out of funds and I needed funds. When I looked in my wallet it was bro that I had.

Now, I liked bro a lot. I didn’t know much about it but then I thought it had a lot of potentials hence I wanted to buy and keep it. But then the downside of it not having a staking feature was the start of my failed attempt to keep it. If it had a staking feature am sure I would have had a lot of it. Cause I would stake it and never take it out until I reached my target. Am not one of the people who can leave a token in their account and do nothing to it. I have to stake it so that I can’t touch it.

The benefits of staking your assets are immense. When you stake you earn the chance of earning more of the tokens from the stake. It also helps you get to your target faster. Unlike some people, if I don’t stake it then I will take it out as soon as I get a few problems.

What option do you prefer? Do you prefer seeing and holding your assets in your wallet without earning on top of it or you wanna stake it and earn more of the tokens?