Un Mes Haciendo Staking De Criptomonedas En Binance - YouTube

A month ago, I invested crypto in the Binance Staking with the goal of generating income without

having to do literally anything. In this video, I'll explain you in a simple way

so that everyone understands what Staking is, how to do Staking, how much money have I made doing

Staking for a month, and, at the end, I'll share my personal opinion and I'll tell you if I think it's a

good or a bad investment. First of all, and super quick: what is Staking? Staking

consists of getting your crypto, leaving them blocked for a certain amount of time and

just by having your crypto blocked you'll get certain profitability. You can do

Staking with many different cryptocurrencies. Depending on which cryptocurrency you

use, you'll get certain profitability or another, and you'll also be able to choose how much

time you're going to want to block your crypto. Obviously, the longer you leave your crypto

blocked, the more profitability and money you'll make, and the less time you leave

your crypto blocked, the less profitability and less money you will be making. The concept of

Staking is actually very easy to understand, and I think we all agree that it's a super good idea;

we have crypto, we leave them blocked, and, by having them blocked, we generate more crypto

in the end, we all win. But I like to understand where my money comes from, so

I'm going to explain to you in a super simple way where does the money that we generate by Staking comes out.

To understand where the money comes from when we're doing Staking, we have to understand

that the system of cryptocurrencies is a decentralized system, whereas the current banking

system is a centralized system. When I say that it's a centralized system I mean that, when

for example, I want to make a transfer to a friend, I'll always have to do it through a

bank, and basically the bank is the centralized system that says: "okay, Adrián has minus

100 euros, and Adrian's friend has 100 euros". This is a centralized system because

everything will always go through a banking entity. In the case of crypto, it's not a centralized system

because there is no bank in between saying how much money each person has. Instead, two

systems are mainly used: the "Proof of work" and the "Proof of state". There are cryptocurrencies

such as Bitcoin that work with it the "Proof of work", and then there are some others such as

Cardano which work with the "Proof of state". The Proof of work system works because of

the machines that I'm sure you've seen sometimes on TV, I myself have one of these

machines, and basically, they're the machines that are used to mine crypto and are distributed

all over the world, and what all of these machines do is validate transactions,

so it's not a centralized system; it is completely decentralized

all over the world. When you're going to make a transfer of a crypto that uses the

Proof of work to someone else, you will be charged with commissions, and those commissions are going to be distributed

among all the people who have one of these machines. The second system that cryptos use

is called the Proof of state. This system consists of simply leaving crypto

blocked in staking so these crypto are validating other actions and making it this

a fully decentralized system. Therefore, the commissions that we get paid for doing

staking comes from the commissions charged to people transferring cryptocurrencies

Once you have understood what staking is and why you can make money doing

staking, let's see what my experience has been doing in staking in Binance for 30 days. As

you can see, a month ago, on November 27th, I made a video in which I taught how to do

staking with crypto on Binance, and, as I always I like to do, I lead by example and I didn't just

teach how to do it, but I did it with 5 cryptocurrencies. As you guys can see I put in

staking Solana, bChain, Polkadot, Luna, and Waves. If we come here, to Binance, where it says Stalking

browsing history, we will see those five cryptocurrencies that I just told you about,

we can see here the staking I did. So in this one 30 days- well, in all of them 30 days

except in Bchain where it only allowed for 15 days. What I'm now going to do is I’ll create

an excel document showing how many crypto I had, how much money have I managed to make, how much

money were they worth and how much money are they today. But before- if you're liking the video, don't forget

to hit the like button, it doesn't cost you anything and you help me a lot by doing it. And since you're at it, you could also

subscribe to the channel so as to not miss out on any videos. Okay guys, the first thing we have here

is the amount of cryptocurrencies I used to make this ekin. As you can see, here I put

Solana, bChain, Dot- in all of them. Why did I put this here? Well, if we go back here into the staking browsing

history, we can see the amount with which I subscribed to do the staking, right?

So, therefore, the only thing I've done is copy it and paste it here. Then, what I've done

is calculating the price of each of these cryptocurrencies on November 26th. How did I do it?

Well, I basically went into CoinMarketCap and I searched for each of the cryptocurrencies.

So, for example, I've searched here "Solana", and here in this chart what I've done has been

look for the 26th of the 11th. As you can see here, on the 26th of 11th, the price was 194,01 dollars

per crypto, so we have it over here. So, I've basically done the same thing with

each one of the cryptocurrencies and then, what I've done has been multiplying the amount of

cryptocurrencies for the price of cryptocurrency, and then the value of the investment appears in each one

of those cryptocurrencies. As you can see, there are, more or less, about two thousand dollars in each of these

cryptocurrencies, and if we calculate the total value by adding it all together, we get 11.209,29 dollars

of total investment in staking. I want to emphasize that I decided to make a

big investment, but you can start doing staking with 50 dollars, I think that even from 25

dollars, 100 dollars- depending on the cryptocurrency, you'll need more or less money. At the end of the day, it's a

percentage, you'll get percentage profitability on your investment. It's just as profitable to make an investment

of 1000 dollars than of 100 dollars than of 100.000 dollars, it's percentage profitability.

It's just as profitable. So once we've seen how much crypto I put into

staking and how much dollars they were back then, we'll see how much crypto I have to this day

and what is their value in dollars. So, seeing the amount of crypto

they have given back to us is super simple. Basically, we'll come here, to the staking browser history-

this is in the subscription area. So, these are the crypto that we put in

staking, and we just have to come here, to "reimburse", we click here, and we can see how many

crypto they have given us back. Basically, these are the same cryptocurrencies that we put in staking.

So if we come this way- I basically just copied this and put here, and it's basically the same amount of

cryptocurrencies that we got back that the one we have given for each of the cryptocurrencies, but

they have also generated interest, which is the interesting thing, and it is where we can make money, but

we will see this a bit later on. First, what I want to do is show you how much money

these crypto were a month ago, and how much money they are worth today.

Therefore, guys, what I've done has been putting the number of cryptocurrencies that I have

to this day, which is exactly the same, but what has changed is the price of each of these

cryptocurrencies. How have I calculated this? It's actually very easy: I come here, to CoinMarketCap,

and I put the price of each one of these cryptocurrencies over here. You can see, for instance how Solana costs 173,66 dollars

and here it costs a little more, it costs 174,62 dollars. This is basically because

I prepared this video an hour ago, and the price of cryptocurrencies is super volatile, so

it's impossible to know it by the millimeter because the price is changing with each passing second. But it is close

enough. So, I basically did that same thing with each one of the cryptocurrencies. And as

you can see then, the price for Solana has decreased, the price for bChain has decreased, the price for PolkaDot has decreased,

the price of Luna has increased, the price of Waves has decreased. And the only thing I did here was

multiply the number of cryptocurrencies by their price. As we can see, the value for

Solana was higher than it is now, the value of bChain was higher than it is now, the value

of PolkaDot was higher than it is now, the value of Moon was lower than it is now, and finally,

the value of Waves was higher than now. As we can see, in most cryptocurrencies, we have lost

money. But let's calculate the total sum to really see reality. Therefore, the total amount of

what I put in is this, well, the 11,000 dollars and the total of what I have today is 12.203,04 dollars

Therefore, despite having lost money in most cryptocurrencies,

at the end of the day, I have a little bit more money than I had a month ago because

Luna's price has increased a lot. Something that I'd like to emphasize is that I would've

made the exact amount of money if I had been doing staking that if I hadn't been doing staking.

Because this is basically only the difference between the price of crypto

a month ago, and today. The really important thing is what we're going to see now, which are the commissions

that have been generated by doing staking; this is extra money I made that I wouldn't

have made if I hadn't been doing staking. Now we're going to see what is really

important, which is the money that I have made by doing staking for 30 days. Basically, the

money that I've made in a completely passive way without having to do anything.

So here we can see the number of cryptocurrencies that I've got in the past 30 days

So this is Solana's amount, in this case, this one isn't from bChain, it is from VTHO, this is the amount that

made from PolkaDot, this is the one I made with Luna and this is the one that I made from Waves.

And once we've seen how many cryptocurrencies we've generated let's see how much money

are today the cryptos that we generated. How did I manage to know how

much money we have made to this day? Well, it's very simple. We have to multiply the number of cryptocurrencies by the

current price of the cryptocurrency, and we will see this result. Doing a sum of all, we can see that

we have all generated 52.73 US dollars in a month doing staking on Binance. Something I want

emphasize is that this amount of crypt today is 52,73 dollars, but

maybe in 5 years, it'll be 5000 dollars, or maybe in 10 years it'll be about 10 dollars,

we don't know it. In the end, it's something positive and negative about cryptocurrencies. As you have seen,

I have made about 50 dollars in a month by putting in staking 11.00 dollars. I have put a lot of money

in staking to make very little of it. Therefore, in my opinion, staking is interesting,

do it with the cryptocurrencies that you want and you're going to hold. I'll give you an example.

Imagine that you want to buy the cryptocurrency "Luna" because you think it's a good project, and you

think that, in the future, its value will increase. Therefore, you're going to buy it and you have as an objective

sell it within five years. In that case, I do find staking to be interesting, because you

you will have that cryptocurrency in your portfolio no matter what, so you can do staking and make

even more of those cryptocurrencies, and they also pay you in that cryptocurrency, so if you think that the

value of that cryptocurrency going to increase, so is the value of the commissions that you are being

paid. Therefore, I think it's very interesting. What I don't see interesting at all is the fact of

buying a cryptocurrency just to do staking, I see a lot of potential risk in that.

Because you can buy a cryptocurrency because you want to do staking and get paid those

commissions, but maybe you buy that cryptocurrency, get those commissions, but that cryptocurrency

decreases in value. Therefore, you have won a lot of money in that cryptocurrency, but that cryptocurrency has

decreased a lot, so you're left in break-even, in a dead point. or you

can even end up losing money. To conclude this video I'll answer the question that most of

you will be wondering, which is "hey, Adrián, would you recommend doing staking?", and the answer to this

question is very simple: I never recommend anything. In this channel, I will never recommend you to do

an investment, or that you buy a cryptocurrency, or that you invest in such and such... No. I never recommend anything

I merely share my experience and I teach based on my experience.

I'm not an expert in crypto and nothing of the like. I'm simply a

a normal person, who's interested in the subject of mining crypto and invests in the world of

cryptocurrencies, who keeps himself informed about this subject and I'm just sharing my experience, but I don't have the ability

to recommend anything. In my personal case, I will keep on doing staking of the cryptocurrencies

that I'll want to keep for the long run. If I want to have certain cryptocurrencies for the long term,

instead of simply having them in the "exchange" doing nothing, I'll put them on staking

for them to continue generating and working for me. What I'm definitely never going to do

is buying a cryptocurrency to merely put it into staking. For instance, if we come to

the staking area, there are some cryptocurrencies, for instance, the AXS Infinity one

that gives profitability which is very high. What I'd never do would buy this cryptocurrency

only for this profitability. Obviously, if this project seems interesting to me

and I want to buy it, then perfect, I'll buy it and I'll also put it to staking, but

what I would never do is buy a cryptocurrency only for its staking. But this is just my

personal opinion, everyone can do whatever they want. So that's it for today, guys,

this was today's video, I really hope it was useful to you, that you've seen a real experience

doing staking for 30 days, I'm Adrián Sáenz, and I’ll see you in the next video, bye.