What Is STAKING IN CRYPTO? (DEFINITION + REWARDS+ RISKS)
Thinking about staking cryptocurrencies this year? Whether as a way to combat inflation or because savings account interest is no longer sufficient, crypto staking might be an excellent way to generate additional money.
By “staking,” crypto assets are locked up to earn interest, so users can set it and forget it. The recent drop in the price of crypto may have made some people wonder if it’s even worth it to stake crypto at this point. But don’t worry—staking crypto assets has a number of advantages.
In today’s video, we’re going to talk about staking in crypto along with its risks and rewards.
Now, let’s get right into the video!
#ethereum #staking #cryptocastle
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▶️ My other videos:
• Binance Smart Chain Network Explained: https://youtu.be/VsxfQoaYgM0
• You can control your own money with crypto: https://youtu.be/dxwJ3Ruywm8
• How Do Crypto Smart Contracts Work: https://youtu.be/vtWG42WcSSY
• What Is Blockchain Technology How It Works?:https://youtu.be/8p1P0FO4CDA
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Hey everyone! Welcome to my channel where we talk everything crypto and business related, and everything in between. I’ve always had an infatuation with short documentaries and aspire to make this channel the go to for entertaining education regarding those topics. My goal is to help every person that comes to my channel and watch my videos learn one piece of information that furthers their own development. If that feels like something you are interested in, make sure to hit the subscribe button!
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3 Comments
find your knowledge fantastic and the way that you explain is a great help. <I would love to know how you studied this all. <In as much I would like to add to what you have said here the market is in a tug of war with the bull at one side and the bears at the other end. If this is really a bear market rally then Bitcoin is not done going down, just like stocks are not done going down. We are seeing the positions filled, the price goes, up, then a new wave of selling comes in, hit the new orders again and repeat, looks like someone accumulating hard. From a technical perspective, as expected, the price might continue to move lower so this is a normal process and bitcoin is accumulating bullish tradng volume. My hope is that by the fourth quarter, the economy will be slowing enough that the Fed says we are going to pause, and then you will see the next crypto cycle start. I have witnessed the last 3 cycles and just before each bull run the amount of bear posts and negativity around crypto is just like it is now. Bitcoin is entering the area of where a bottom will be formed IMO. Please note this could take months and there will likely be further volatility in both directions. Despite the volatility that has ruled the market this year, being a retail trader in the crypto market and implementing strategies/signals from Scott Franklin a professional broker/tradr that has been my mentor, I have accumulated 2.5' btc! in profits although the rates are capricious wiping out some of my profits, people who are open to learning from history, will survive It’s not that difficult. You can reach out to Mr Scott on <ͲeIєɠɾαm his personal handle is @ scottfranklinfx…
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"Opportunities don't happen, you create them." –Chris Grosser