@MrGrumpy
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Stake or Gamble?! My first article that explores my current situation and gambling personality - https://read.cash/@MrGrumpy/to-stake-or-not-to-stake-9e9073c8 #Readcash
@MrGrumpy
more from that month
2 comments
As long as you are careful, (watch for spammers!), and diversify ......... STAKE, STAKE, STAKE!! Do you realize what a steady 17% APY will generate you over the years? (10% will double in about 7 years.) Sure, you can "swing for a home run", (replace this with whatever sports metaphor you wish), but a steady, consistent gain will almost always work out better in the end. The problem is that when we stake our coins, we don't control the keys anymore. How does the saying go, "If you don't own your keys, you don't own your coins"? Verify that staked coins are with a reputable exchange, and use more than one exchange for your staking.
Some good tips there! Appreciate it Yeah, Compound interest at 10-20% a year is great. But with such a small amount it’s super slow at the moment. But I guess I just need to keep pushing into it over time