Do you consider staking as a business?

kirubel · Nov 11, 2023

Staking is getting reward or profit from holding our cryptocurrency on some online platforms that support staking so they can make some transactions on blockchain, the staking platforms that we hold our crypto coins will give us some amount of money calculated with percentage based on the amount of money we are holding.
so do you think staking a business plan?

cherry123 · Nov 11, 2023

Well I would not see it as a business but more as an investment for me. Because I can't really on this as a full time means of income as we do for business

Stardom22 · Nov 12, 2023

For me the way l understand what the term business mean is that any activity done which involves the making of profits at the end of the end of the day l consider it as business.

eldavis · Nov 12, 2023

A lot of people see savings as more of an investment rather than an actual business. Though there are does who also consider their business an investment as well. So it depends on how you view it yourself though.

kirubel · Nov 12, 2023

Stardom22 said:
For me the way l understand what the term business mean is that any activity done which involves the making of profits at the end of the end of the day l consider it as business.

So you will consider staking is a business plan, and yeah many peoples think staking as a business idea and like i mentioned it on the post even Wikipedia consider the staking as business, and i agree with you anything that gets profit considers as business.

cherry123 · Nov 21, 2023

Just like Pyramid schemes, staking is not a good business. You .are doomed to fail if you are not careful. This is no business as you might just lose all your money

kirubel · Nov 21, 2023

eldavis said:
A lot of people see savings as more of an investment rather than an actual business. Though there are does who also consider their business an investment as well. So it depends on how you view it yourself though.

Yeah some peoples consider saving as an investment and we all have different views and terms on what a business is and what they call a business, personally i consider staking as investment and i see some peoples earn good money from staking.

cherry123 · Nov 22, 2023

Staking can bring profit no doubt but we just have to be careful and be sure that we are staking on a legit site to avoid us losing our money in the process.

kirubel · Nov 22, 2023

cherry123 said:
Staking can bring profit no doubt but we just have to be careful and be sure that we are staking on a legit site to avoid us losing our money in the process.

Yeah choosing the right place for staging our coin is some mandatory thing we need to consider before investing our money, and we need to see the interest rate of the staking in specific platforms, some platforms have very low interest for staking.

deucher · Dec 13, 2023

In my opinion, it is possible to make a business out of this because many people do not understand this and they do not have time to learn, for example, so you can create an investment platform where people will invest funds and you, in turn, will invest these funds in all possible options that you consider necessary and take a percentage of the profit for yourself

nomad · Dec 14, 2023

All sorts of business generates income but not all income methods are businesses. You can generate income through crypto staking but crypto staking is not a business. A business is something where you sell something.

Niyi Briggs · Nov 5, 2024

Staking is not a business from my fair knowledge. It is an investment in the real sense.

Do you consider staking as a business?

kirubel

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cherry123

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Stardom22

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eldavis

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kirubel

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cherry123

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kirubel

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cherry123

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kirubel

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deucher

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nomad

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Niyi Briggs

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