Morning Link Marines.
So, I've qualified for staking, hopefully I'll be able to grab a spot with my measly 4k Link.
Can an intelligent anon explain simply and clearly why staking is a good option for a stacklet like myself? If the returns are 5% apy then it seems like a big risk locking it up for pretty measly returns.
Can someone also explain why staking will increase the price of the token? I know a retarded anon who didn't sell a single link at $50 and he has 30k link. Why didn't he sell? He was convinced that Link will eventually reach $200. There's no shaking his belief in this. As a result I'm terrified of selling my Link before at least $100 but given the recent earthquakes in crypto I'm wondering if I should reset my expectations to $30.
Please enlighten me.
Anyone who gives shitty replies will automatically form a queue to the seventh layer of Hell.