Yes, staking is really worth it

Welcome to my math class. Today, we'll answer the question from a post earlier asking if staking was really worth it. OP came to the conclusion that a 1% interest return per month wasn't looking like it was worth the hassle of locking your alts into staking rewards. If you plan to hodl you coins for the coming years, you HAVE to stake them to make the most of them. Lets do a little maths if you hodl your coins for 5 years (what's 5 years, really?) 1% interest/months = 1.126% at the end of the years (after 12 months) =1.87% after 5 years. (Remember, that's only one month out of the 60 that constitute 5 years.) If you compound your interest monthly, you get 82% after 5 years. You get a 100% return (2x) after ≈ 5 years and 10 months. And you don't even take the price action into consideration here. If that coin does a mere 10x in the next 5 years and 10 months, just by staking it, you'd do 20x on it. THAT IS HUUUGE. That's how 1000$ investments turns into 20 000$. *Staking rates may be reduced with the years and only a few selected great project will continue to perform in the next 5 years, but with the right strategy, it easily feasible. *Edit: changed commas for points, as others pointed me how to english So do you stake your coins? If not, did we convinced you? submitted by /u/Logical-Beautiful66 [link] [comments]