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Since it will not affect the main coin used to stake. I think it will still be OK to stake. At first I never have an idea of this. But looking at it, there will still be profit to make at the end
When it comes to flexible lock time, you can choose from seven days to 30 and xD. I just allow my coins at BNB vault, it simply stay there and multiplying, the payout always comes with another coin which is a lower coin.I think I always see something like a year duration on binance platform , and it's on flexible staking , while on locked staking they have specific period of time for staking
Though the business of cryptocuency does not work in a way one will just start making money,because if you enter the market when it is in a bearish run and the volatility is very low,it could affect your projections.One can not just venture into any coin and expects to make some profit. Crypto doesn't work like that. In fact, no business is a straight road to ply. Know the risks, ask questions before beginning.
Though the business of cryptocuency does not work in a way one will just start making money,because if you enter the market when it is in a bearish run and the volatility is very low,it could affect your projections.One can not just venture into any coin and expects to make some profit. Crypto doesn't work like that. In fact, no business is a straight road to ply. Know the risks, ask questions before beginning.
I understand that most users will be curious to see this, and some of them have been gearing up to get an answer to this topic.
The answer is yes, volatility can affect your staked coins, provided you staked on a volatile coin. It affects the coin's liquidity and price validation, and also the reward you'll be getting per duration of your staked coin.
If you stake a coin, and bearish run of high magnitude occurs like the one the coins are suffering from currently. It will surely bring your investment down, and your reward won't be the same from your initial proof of stake (I.P.O.S) when the bearish run never occurred.
For in stance you invested $50 into UNI coin with 23.53% APY interest rate when the coin "UNI is valued at $30. Then all of a sudden bearish run came and slashed down the price of UNI coin you staked to $20. That will bring your reward down, it won't be paid according to your initial coin staking.
Same thing occurs when you staked a coin, and bull run occurs, your initial staking will improve and your reward will go higher.
CONCLUSION;
So you should be wary of the risk involve in staking before you enter it, to avoid losing funds carelessly. Always read the terms and conditions for any ICO (initial coin offer) you're staking on. The FAQs is there for you to read and understand how staking works.
One thing an investor should know about the issue that involves staking for prospective value increase,is that your coin will definitely not remain the same,this is due to volatilityI understand that most users will be curious to see this, and some of them have been gearing up to get an answer to this topic.
The answer is yes, volatility can affect your staked coins, provided you staked on a volatile coin. It affects the coin's liquidity and price validation, and also the reward you'll be getting per duration of your staked coin.
If you stake a coin, and bearish run of high magnitude occurs like the one the coins are suffering from currently. It will surely bring your investment down, and your reward won't be the same from your initial proof of stake (I.P.O.S) when the bearish run never occurred.
For in stance you invested $50 into UNI coin with 23.53% APY interest rate when the coin "UNI is valued at $30. Then all of a sudden bearish run came and slashed down the price of UNI coin you staked to $20. That will bring your reward down, it won't be paid according to your initial coin staking.
Same thing occurs when you staked a coin, and bull run occurs, your initial staking will improve and your reward will go higher.
CONCLUSION;
So you should be wary of the risk involve in staking before you enter it, to avoid losing funds carelessly. Always read the terms and conditions for any ICO (initial coin offer) you're staking on. The FAQs is there for you to read and understand how staking works.
That is just the basic fact about the investment in cryptocurency,be it staking or trading,because at the end of the day, you really need to make a proper resaerch about the coin you want to invest in before puting in your money.One can not just venture into any coin and expects to make some profit. Crypto doesn't work like that. In fact, no business is a straight road to ply. Know the risks, ask questions before beginning.
Thank you for the explanation, at least I have been able to learn from this because I don't really know much about her staking of going really work, does it really mean that you are likely to be on more profits if the coin you are staking is increasing massively ?Volatility in the marketplace can affect the coin you stake. There are some instance in which fluctuation in the price of a coin will affect other in the marketplace. A situation like this can affect the price of the coin you stake.