Keep The Money Talking In Dip.

avatar
(Edited)

This sounds to be one of the weird topic to choose, considering the entire market is bleeding. All Investments were drained out even my portfolio losses more than 50 % in last 3-4 days. It's not only happening with #Hive but every other coins likes of #bnb #eth #sol were in losses. All the experts / pundits of the crypto sphere were dumb silent and no prefiction are made about #bitcoin or any other coins. The market looks quite dicey and risky to dive into.

However,This is the right time, where you could let you crypto balances talk if you were a long time HODLERS.

Staking-2.jpeg
src

Just like we have the HBD saving option available on #Hive where you can easy get 12% on your HBD saving. Similarly, we have Staking options available in different exchanges or the dapps where one could easily increase their portfolio value.

When you are a long term hodlers and have faith in the crypto space, then keeping the money into Staking will allow you to increase the crypto units. Even if the market is down, your balance will keep increasing. And the moment the market take upward trend, then the value of portfolio will increase considerably more than the actual hodling.

The primary benefit of staking is that you earn more crypto. If the token you hold were available for Staking , then choosing the option at this moment of blood bath is the best option. Under Staking scheme , the coins were locked up for a period of time, generally 30 / 60 / 90 . It depends what slot is available for your turn. The locked coin will get you interest which varies from 5% to 20 %. This is similar to the saving account, where the balance will fetch you good return.

Screenshot_20220124-212637_Binance.jpg
Binance Screenshot

It is potentially a very profitable and safest way to invest your money and earn some passive income handsomely. Not only during this blood bath time, but also even when you are not in mood of selling your coin in a hurry. It is kind of boon for long time hodlers to increase their stake without bothering about market fluctuation.

Staking is also a way of supporting the blockchain of a cryptocurrency you're invested in. These cryptocurrencies rely on holders staking to verify transactions and keep everything running smoothly.

Nowadays, every exchange are offering the Staking option. It is better idea to keep a check upon the available Staking coins, so that it can help at times of doing investments.

The biggest risk one could face with crypto staking is that sometime the price goes down very rapidly. All because of the market votality. Some of the coins would offer a higher rate of interest, however these same coins were more vulnerable of getting crashed. So it becomes quite important to rely on strong coins for getting a good return and make your money talk.

Also, it has advantageous to keep your crypto locked. At the same time it doesn't take much time to unlock the locked crypto. Some of the exchanges release the holding with 24 hrs while few take 3 days to unstake the crypto.

In anyhow, staking allows to keep the coin safe and return you with increased value.

Peace!!

Namaste @steemflow

Posted Using LeoFinance Beta



0
0
0.000
10 comments
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

Read our latest announcement post to get more information.

image.png

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0
0
0.000
avatar

In anyhow, staking allows to keep the coin safe and return you with increased value.

You are right, You could earn more coins while the market is dipping and enjoy holding and earning

0
0
0.000
avatar

That's true...a good option to chose for long hodlers....just money talk.

0
0
0.000
avatar

Savings in stablecoins like HBD is the best. Apart from market volatility insurance, it gives decent interest per month. I hope governments atleast consider making stablecoins a legal tender if not the bitcoin? 🤔 !LUV

0
0
0.000
avatar

That a wild assumption that government ever consjder thinking it. ...let them clear their mind about adoption then anything could be done.

0
0
0.000
avatar

I can't stop laughing, my entire feed talks of the bear market sentiments. It's crazy how people dive into investments and then come out of it still making profits.

0
0
0.000
avatar

Same here as well....I belive the most trending situation..

0
0
0.000