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Never Underestimate Staking — No Amount is Too Small

All Cryptocurrencies

by COINS NEWS 204 Views

I recently stumbled across a year-old discussion on staking a certain coin. And one argument was that at 6% on-chain APR, their profit was around 4 dollars in 2 weeks β€” hence it wasn't worth the hassle.

This is true only if you plan to sell staking rewards as soon as you get them or at the nearest high (or low if you learned our ways).

In every other case, don't evaluate your staking rewards in fiat! 1 satoshi is 1 satoshi (or whatever coin is dear to your heart).

If the coin has future, if it makes it through some 5 years, every fraction of that coin is going to count.

No amount is too small to stake (unless there's a threshold of course), and no APR is too low. Your favorite coin gives only 3% APR? Take it!

If you believe in the project enough to HODL it for several years through highs and lows, not staking is a crime against your future self!

submitted by /u/inevitable_username
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