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To Stake or Not to Stake? That is the question.

Asked by mitty Promote - View in Steemit - Audit

The market is full of coins with inflation (some of them with very high inflation) and systems in place to make people Hold instead of Dump.

They call them Staking, Baking, Power Up. I'm sure there are more names for the same kind of thing. These schemes are designed to "fight against inflation". That's the idea, anyway.

image.png Source

In theory, Staking seems good. In Practice? It has become a disaster. At least for me.

In 2017 I bought a few of these coins to get some passive income. 2 years later, the total of my passive income is less than zero. Every coin went down in price 100x or more. The 4%, 5% or 6% I got in return for "Staking" is a total joke. It's not worth it, no matter at what angle you look at it.

Why should I be happy to buy 100 coins for $100 to get 6 coins in return over a year, if the price of the whole lot of 106 coins is only $1.06, after that year ends?

Do you still believe in Staking coins?

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I'm in the Middle. I'm Staking the ones I have but I refuse to buy any more Staking Coins. (50.0%) 11 / 22
50.0% Complete (success)
Yes, I still buy coins for Staking. (45.45%) 10 / 22
45.45% Complete (success)
No Staking for me. That's a losing game. I've sold all those turds. (4.55%) 1 / 22
4.55% Complete (success)

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