Staking is the best way of getting passive income for the average person that doesn’t care about daytrades and bs.
By staking you are helping something bigger than you(PoS) and most importantly you will make even more as if you have invested in an ETF in the stock market.
I know, the price of the coin can go down which it can be a huge risk factor, but even though if you don’t care about the short term, it won’t affect you much.
However, staking the right coin (DOT, ETH, SOL, etc), is a very great opportunity which everyone should at least look into it.
I am now staking DOT and ETH. Both in Kraken. ETH I will get rewards when ETH 2.0 is released. And DOT I receive rewards 2 times per week (Tuesday and Friday). At a 12% Apy, which is higher than any bank in the world.
My strategy is to buy the maximum DOTs I can when the RSI is at the bottom on the 1W chart, stake all. And then sell at a goal price of my choice. The gains are sweet as honey.
Have a nice stake day ????????