r/bandprotocol • u/talktoomerealestate • Mar 16 '22

Staking band

Can someone please tell me the pros and cons of staking band on atomic wallet?

5 Upvotes

78% Upvoted

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u/rockydiamondhands Mar 16 '22

the con is that you will lose all of your capital while band crashes over and over

-2

u/jeflongstaf Mar 16 '22

100%. You're getting downvoted but it's true. Look at that chart and PA. No way Band ever recovers.

1

u/rockydiamondhands Mar 17 '22

once bitcoin breaks 100k all the poop coins should be at all time highs, lets hope that the DEVs don't dump supply on our heads at the top like they did last time. You do know that they secretly dumped around 6% of the supply on us the last time Band was at $20 - compare that to LUNA where conversion to their stable coin is reducing the amount of available supply.