Quote:
Originally Posted by topfiverecords
I don’t see why you couldn’t. I considered it, but my worry was after the stake, converting back to ADA may have risen more than 30% and you’d have lost value. Comes with some added risk.
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True, but it could be a nice way to diversify holdings and make great returns as long as binance allows its users to stake 10+ coins at once. Also, for the time being it seems most coins mirror what bitcoin does to some extent. I'd have to do a bunch of research but I'd wager most altcoins they offer staking on have had similar performance over the last couple of years.
Now if binance let's one stake doge....
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