11-21-2021, 08:37 AM
Yes, staking is really worth it
<!-- SC_OFF --><div class="md"><p>Welcome to my math class. Today, we'll answer the question from a post earlier asking if staking was really worth it. </p> <p>OP came to the conclusion that a 1% interest return per month wasn't looking like it was worth the hassle of locking your alts into staking rewards. </p> <p>If you plan to hodl you coins for the coming years, you HAVE to stake them to make the most of them. </p> <p>Lets do a little maths if you hodl your coins for 5 years (what's 5 years, really?) </p> <p>1% interest/months = 1.126% at the end of the years (after 12 months) </p> <p>=1.87% after 5 years. (Remember, that's only one month out of the 60 that constitute 5 years.) </p> <p>If you compound your interest monthly, you get 82% after 5 years. </p> <p>You get a 100% return (2x) after ≈ 5 years and 10 months. </p> <p>And you don't even take the price action into consideration here. If that coin does a mere 10x in the next 5 years and 10 months, just by staking it, you'd do 20x on it. THAT IS HUUUGE. </p> <p>That's how 1000$ investments turns into 20 000$. </p> <p>*Staking rates may be reduced with the years and only a few selected great project will continue to perform in the next 5 years, but with the right strategy, it easily feasible.</p> <p>*Edit: changed commas for points, as others pointed me how to english</p> <p>So do you stake your coins? If not, did we convinced you?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Logical-Beautiful66"> /u/Logical-Beautiful66 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qy7qjh/yes_staking_is_really_worth_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qy7qjh/yes_staking_is_really_worth_it/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Welcome to my math class. Today, we'll answer the question from a post earlier asking if staking was really worth it. </p> <p>OP came to the conclusion that a 1% interest return per month wasn't looking like it was worth the hassle of locking your alts into staking rewards. </p> <p>If you plan to hodl you coins for the coming years, you HAVE to stake them to make the most of them. </p> <p>Lets do a little maths if you hodl your coins for 5 years (what's 5 years, really?) </p> <p>1% interest/months = 1.126% at the end of the years (after 12 months) </p> <p>=1.87% after 5 years. (Remember, that's only one month out of the 60 that constitute 5 years.) </p> <p>If you compound your interest monthly, you get 82% after 5 years. </p> <p>You get a 100% return (2x) after ≈ 5 years and 10 months. </p> <p>And you don't even take the price action into consideration here. If that coin does a mere 10x in the next 5 years and 10 months, just by staking it, you'd do 20x on it. THAT IS HUUUGE. </p> <p>That's how 1000$ investments turns into 20 000$. </p> <p>*Staking rates may be reduced with the years and only a few selected great project will continue to perform in the next 5 years, but with the right strategy, it easily feasible.</p> <p>*Edit: changed commas for points, as others pointed me how to english</p> <p>So do you stake your coins? If not, did we convinced you?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Logical-Beautiful66"> /u/Logical-Beautiful66 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qy7qjh/yes_staking_is_really_worth_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qy7qjh/yes_staking_is_really_worth_it/">[comments]</a></span>Kind Regards R