12-12-2021, 12:42 PM
I don't understand staking or the risks involved. Really hope someone can please hel
<!-- SC_OFF --><div class="md"><p>Hi, I am very new to Crypto. I've been asking around and doing some research. I am thinking about staking, but I don't really understand it, or the risk involved. Is there risk of losing my Crypto? It seems like there's decent reward, but I just don't understand the risk, or what I'm even doing. I kinda feel like I'm just putting money into a coin and hoping for a return. I guess that sounds really stupid. But if anyone could please help me by explaining staking and the risk involved I'd really appreciate it. </p> <p>I think I may be too stupid for crypto. Hopefully that'll work in my favor......</p> <p>I hope this question is ok and I'm posting correctly.</p> <p>Edit: Thank you to everyone for being so nice and for all your help and advice. I was really nervous about even asking. You're all awesome people. Thank you so much!!!!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Atlas_Unknown"> /u/Atlas_Unknown </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/refrxn/i_dont_understand_staking_or_the_risks_involved/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/refrxn/i_dont_understand_staking_or_the_risks_involved/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hi, I am very new to Crypto. I've been asking around and doing some research. I am thinking about staking, but I don't really understand it, or the risk involved. Is there risk of losing my Crypto? It seems like there's decent reward, but I just don't understand the risk, or what I'm even doing. I kinda feel like I'm just putting money into a coin and hoping for a return. I guess that sounds really stupid. But if anyone could please help me by explaining staking and the risk involved I'd really appreciate it. </p> <p>I think I may be too stupid for crypto. Hopefully that'll work in my favor......</p> <p>I hope this question is ok and I'm posting correctly.</p> <p>Edit: Thank you to everyone for being so nice and for all your help and advice. I was really nervous about even asking. You're all awesome people. Thank you so much!!!!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Atlas_Unknown"> /u/Atlas_Unknown </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/refrxn/i_dont_understand_staking_or_the_risks_involved/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/refrxn/i_dont_understand_staking_or_the_risks_involved/">[comments]</a></span>Kind Regards R