That's reasonable. ADA climbed back quickly but the market is so unstable. I will buy this coin only because even if the trade doesn't go right, I can hold for the long term and stake it...
PacMan1337
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@Nazgul_RW, Well yeah that is true but staking in my opinion only is useful if you're buying 10-20K+
Sp1d3r3
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@CryptoN3RD420 I’m in ADA for 10.5k - what does staking do for me?
Nazgul_RW
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@Sp1d3r3, It gives you interest if you want to forget about it and see it x10 after 2-3 years :)
HHSPN
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@Nazgul_RW, Looks like Kraken is giving 4-6%. Do you recommend a staking pool with better returns?
PacMan1337
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@HHSPN, Only if you are familiar with the pool you're going to be staking in. You have to be careful because none of these pools are 100% safe and they are way more prone to getting hacked and well if that happens byebye investment money because there ain't a soul alive that can help you.
HHSPN
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@CryptoN3RD420, Thanks for the warning. I need to learn more on this. I thought staking will still keep the coin in your wallet, so no scope for hacking unless your wallet itself get hacked. I agree entities like Kraken are safer than other staking pools run by individuals unless you know them or their reputation even if they are paying more. I'm really concerned about Kraken's ability to handle load when everyone wants to hit the exist, there is no governance on these exchanges and some were speculating if such exchanges are artificially moving market to their liking in collusion with whales. Anyways... thanks for your updates. I see you posted a new one. If I may, if you can reduce the fonts of $ signs and the thickness of projection lines and increase the size on candles so we can see the price action clearly when we hit play. Sorry for the feedback as I'm not a contributor yet so should not complain, but I thought it can help other too. Thanks.
PacMan1337
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@Sp1d3r3, you can stake ADA on Kraken exchange and earn a decent APR I think it's like 8% or something like that with pay outs each month. There is also staking pools DYOR before using just any old pool though you can loose you're money staking with the wrong platform. But anyways Kraken is one of my preferred CEX for staking ADA with but I don't currently have any ADA I'm waiting to by the next dip. Like I just called less then a hour ago before it pulled back.