Hi everyone,

Pretty new to crypto so I apologize in advance if any of this is wrong. Anyways, I currently have funds in bitcoin and solana and I regularly put money into both. Initially my goal was to use this as another form of savings as I work towards a down payment, as I’ve learned more the plan is now to keep investing long term, but short term-ish I plan to take out a decent bit when it comes time to pull out some funds for a down payment. Would there be any benefit to staking vs just holding and seeing what kind of gains happen over the next months (hoping to buy a house Q1 next year).

I don’t day trade or really even think twice about the funds I put in here so the anxiety of seeing the price go up and down doesn’t really phase me but it seems that if I just hold, the returns are better but riskier. If I stake, it’s still better returns than any banks, much safer and I can somewhat guesstimate returns over time?

Also, since I have funds in bitcoins I could let that ride and see whatever the returns may be while I stake solana to be on the safer side?

Or, do I stake half my solana and let the other half ride?

Again, I apologize if I don’t make sense or seem confused - I likely am. I am educating myself as much as possible as I go! I did read a few linked articles in other posts from one of the seemingly well known staking educators and validators but I am still struggling to grasp the right move, if there is one.

Thanks in advance!

  • j18e9@alien.topBEnglish
    1·
    1 year ago

    Thee choice between staking and holding can significantly impact the growth of your assets. While holding allows for price appreciation, staking introduces an active element, enabling users to earn additional tokens as a reward for participating in network activities. However, the dilemma lies in finding a solution that combines the best of both worlds.

    For your BTC, I would introduce Maya Protocol - a friendly fork of Thorchain. Maya will be introducing a groundbreaking feature called Savers, where users can utilize single-sided assets known as ‘synths’ to stake and gain yield. This innovative approach provides users with a way to earn passive income without the exposure to impermanent loss commonly associated with traditional staking.

    For SOL I personally would stake Jito and then utilize the JitoSOL in the various SOL platforms as it will help to gain points for future potential airdrops.