Crypto Passive Income | Bitcointalksearch.org

rodskee

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Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Would be grateful to hear your experience!

I should have say Invest in Bitcoin but since you are posting here in altcoin then best to invest
also in such a coins like other coins in market but there is no assurance of Money back but if you are willing to keep
Holding your funds then you will surely get what you wanted to attain here .

Quote from: HunterBTC on December 25, 2023, 03:01:10 AM

Crypto cannot always be an arrow, with calculations that are calculated on an uncertain time scale, Crypto will not be able to become the main job, but if we have good luck, it will be able to become the spearhead that produces coffers of currency.

Maybe this is why he asked generally so this is not just about crypto but all options he might get
to gain that passive income but for me Investing is the only way that I can give her or else Staking coins that will
provide generated profit in certain time.

batang_bitcoin

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Quote from: merekamo on January 14, 2024, 09:11:02 PM

Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Would be grateful to hear your experience!

for OP I have question, maybe OP need passive income per month or not for long time?. but for my oppinion, crypto is not passive income because it tends to be unpredictable and uncertain too. If you want to generate passive income, try a content creator, for example YouTube.

It will be passive once you make the content already published and I agree that it is passive but you have to make some efforts and it will take a long time until you see that it's profitable if you're a known content creator. Otherwise, just do it like a hobby and don't chase for the money that you're going to think of as you start.

Quote from: merekamo on January 14, 2024, 09:11:02 PM

Back to crypto, most sensible way is to just staking or I agree wih other answer like invest in btc. But for his I think you must waititng for a few month to get profit.

Yes, staking is one of the passive incomes that one can do in crypto but it requires you capital, in any investment it requires you capital to earn. Holding BTC is best for long term holding.

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Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Would be grateful to hear your experience!

for OP I have question, maybe OP need passive income per month or not for long time?. but for my oppinion, crypto is not passive income because it tends to be unpredictable and uncertain too. If you want to generate passive income, try a content creator, for example YouTube. Back to crypto, most sensible way is to just staking or I agree wih other answer like invest in btc. But for his I think you must waititng for a few month to get profit.

wallet4bitcoin

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The idea of passive income is somewhat personal. If you consider what pays you daily or what gives an increase in your investment, its all income for me, whether passive or not.

I consider investing in usecase driven coins as passive income for me. Its way safer and more reliable, I can decide to sell off at any time and I can even decide to stake for farming, depending on the project also. Choose wisely what works for you anyways.

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Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Would be grateful to hear your experience!

you can stake coin use POS coin.
or stake or lending in crypto exchanger example binance.
another alternatif if you have much money you can mining, but you have to buy hardware first for mining

batang_bitcoin

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Quote from: Cryptoearner on December 30, 2023, 07:32:23 AM

The crypto bull market is predicted to be coming and probably most tokens or coins will touch their new all-time high.
The best way to generate passive income in crypto is to buy different coins in small amounts and hold them for a long. There are high chances that you will generate passive income by just holding most of the coins.

That is still passive income when the value has grown over time but that is not the type of passive income many does want.
But in fairness of holding, you will never get wrong with it but you need to choose wisely on what you want to hold. Because if they are just bunch of memecoins, forget about it because they are not for long term holding.

Cryptoearner

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The crypto bull market is predicted to be coming and probably most tokens or coins will touch their new all-time high.
The best way to generate passive income in crypto is to buy different coins in small amounts and hold them for a long. There are high chances that you will generate passive income by just holding most of the coins.

HunterBTC

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Crypto cannot always be an arrow, with calculations that are calculated on an uncertain time scale, Crypto will not be able to become the main job, but if we have good luck, it will be able to become the spearhead that produces coffers of currency.

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Quote from: ffandprofit on December 01, 2023, 12:27:57 AM

Fun fact: I have seen several centralized exchanges and casinos with offers that can be called passive income programs over the years, all of the ones older than this account aren't around anymore

Damn true. Cheesy

It isn't really worth the risk for that 5% or 10% but people like to learn the lessons in the hard way so let them realize it on their own.

HODL itself is a way of making money even though it's technically not.

ffandprofit

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Quote from: dansus021 on June 24, 2023, 09:20:54 PM

Really Passive Income in crypto in my opinion would be mining or staking and both of them require a lot of money.

Take example is ETH to run validor node you need 32 ETH in today price it would be ~ $60K which a lot and you do require some technical if solo staking if you choose the other than solo staking you need require less eth but you dont have total control of it and the APY is around 4% but the inflation rate now is more than 4 Grin

yo do the math

This, I would add the 'classic' of hold a good coin, specially if you can buy in the bear season or early in the implementation, but, PoS coins can be a good choice only if the APY is not unreasonable (5% at most) AND the coin has good fundamentals to back it up

Fun fact: I have seen several centralized exchanges and casinos with offers that can be called passive income programs over the years, all of the ones older than this account aren't around anymore

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Quote from: Joeyp on September 29, 2023, 04:37:57 AM

Consider ETH mining with cheap electricity. It will be some costs, but you will have your own ETH mining + you can also use the server for Web surfing.

ETH is no longer a POW and that's why you don't need electricity or a miner for you to mine it. What ETH now is proof of stake (POS), you need ETH as if you're holding it and that's the power you need to validate transactions. Please check all details on their website.
(https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/)

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Consider ETH mining with cheap electricity. It will be some costs, but you will have your own ETH mining + you can also use the server for Web surfing.

libert19

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Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back.

I get 8-9% apr on Hive blockchain (https://hive.blog is main frontend), your funds remain in your custody all the time. You can use services like dlease.io to lease your hive. Can undelegate anytime and receive back your hive, it will take 5 days for your undelegation to complete.

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Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

... It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

The difference between the income received from staking and bank interest is not very large, so you should not risk your funds in search of a high APY. You should remember that sites offering a high APY can be fraudulent, the purpose of which is to encourage a person to place their money there, and then hide.

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Quote from: alexvause7 on June 27, 2023, 07:34:47 PM

I use Binance Earn mostly. It's the biggest and most trusted centralized exchange right now. That doesn't mean they will be at the top all the time but currently there is no bad signs for them.

You've said it right that they're a centralized exchange.

Yes, the trust is there by the people but you got to know that these centralized platforms have the full control to your keys and deposits. So, if you put on stake or earn feature of theirs your crypto.

You're aware of the term that they have the control on it and no matter what happens like having a bad faith then your deposit might be affected by it.

Quote from: alexvause7 on June 27, 2023, 07:34:47 PM

Sure you can get crazy amounts of interest in some of the decentralized systems but most of them are traps. You better win a few to lose all.

Well, this is true. They're showing tremendous gains and percentage and that's a red flag.

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Quote from: yhiaali3 on July 23, 2023, 04:01:31 AM

Quote from: Oshosondy on June 19, 2023, 07:03:48 AM

Invest in bitcoin. Investment in bitcoin in a time like this is good because bitcoin price is still low compared to its ATH. Just invest and hold it for months or years to see your coins grow in value.

Do not invest in any organization, buy bitcoin and hold it in your self-custody or self-hosted wallet which is the right thing that you will do. You should be in control of your coins. If you want to be safer, you can use hardware wallet.

I completely agree with you. This is the wise opinion at this time.

Especially as we are approaching the halving by about a year or less so it is very good to start accumulating bitcoin now and wait for a year or two because we will surely see a new ATH after the next halving.

So this is a great opportunity for everyone to take advantage of.

This is early point for anyone to accumulate since hype build up once halving season came so if they want to participate and can able to risk some funds on halving that will occur in future then at early at this year people should accumulate since its bad if we try to have some while bitcoin price is pumping since we might be in bad position with that if price suddenly dump and we buy some at expensive rate since we get FOMO by current condition.

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Quote from: Oshosondy on June 19, 2023, 07:03:48 AM

Invest in bitcoin. Investment in bitcoin in a time like this is good because bitcoin price is still low compared to its ATH. Just invest and hold it for months or years to see your coins grow in value.

Do not invest in any organization, buy bitcoin and hold it in your self-custody or self-hosted wallet which is the right thing that you will do. You should be in control of your coins. If you want to be safer, you can use hardware wallet.

I completely agree with you. This is the wise opinion at this time.

Especially as we are approaching the halving by about a year or less so it is very good to start accumulating bitcoin now and wait for a year or two because we will surely see a new ATH after the next halving.

So this is a great opportunity for everyone to take advantage of.

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Quote from: milewilda on July 13, 2023, 05:18:39 PM

Quote from: ultrloa on July 12, 2023, 07:48:49 AM

Quote from: TheUltraElite on July 08, 2023, 07:37:12 AM

Quote from: alexvause7 on June 27, 2023, 07:34:47 PM

Sure you can get crazy amounts of interest in some of the decentralized systems but most of them are traps. You better win a few to lose all.

Dont think that is a good option for anybody and the term "passive income" has been hyped a lot along with people who accept it as a good method to make money because of the term being an oxymoron - you cannot earn if you are passive. Consider the fixed deposit schemes of banks, yes that is a safer method than crypto based investments.

Crazy high amounts of income indicate that something fishy is going on, not that the project is super profitable or doing something revolutionary, that is what bitcoin has done.

What I observed from yield farming is that the long term proposition is not good, you carry a large risk than reward and hence I dont recommend it.

They should consider that there's no passive income thing on crypto especially if they are dealing it by investments since any of those can go or turn scam. This word us overused by scammers since they want to deceive their investors and make them believe that they can earn that if they invest on the platform those scammers created.

Yield farming I think this is not for long term and it the same with other that only good while its new but when people are done with this it will slowly collapsed.

Usually newbies or greedy ones are the people who would really get victimized be this on which they would really get blinded on what those offerings that they had able to encounter and if they do see that it is something
that would be giving out that kind of conditions on which earning up without doing nothing then it would really be that turns out to good to be true and that #1 rule that we do have in investment space is that, if there's something that make you money without doing nothing or no hard work but only investment needed then its really a scam. People should realize this but since those noobs doesnt have this kind of thing initially then
they are the ones who do really get caught which is really that sad. If they have just that sensible mind and common sense on how things works and how its done then you might be able to avoid such thing.
Passive income would really be just only possible when you do have a real estate business or rental or any industry which even if you do sleep you are earning but here on cryptospace?
This cant just that be possible and this is why its better to avoid as much as you could.

Because they don't know about what they are trying to enter and just been blinded with the profits discussed to then that's the reason why they easily believe that there's such thing like passive income on crypto investment. If they reach up crypto by realistic approach for sure they might be much careful upon dealing with their investment and gain profits with this.

Passive income still possible if you own a crypto business and it succeed.

But if you are just a simple investor then maybe you cannot get the passive profit you expect.

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Quote from: ultrloa on July 12, 2023, 07:48:49 AM

Quote from: TheUltraElite on July 08, 2023, 07:37:12 AM

Quote from: alexvause7 on June 27, 2023, 07:34:47 PM

Sure you can get crazy amounts of interest in some of the decentralized systems but most of them are traps. You better win a few to lose all.

Dont think that is a good option for anybody and the term "passive income" has been hyped a lot along with people who accept it as a good method to make money because of the term being an oxymoron - you cannot earn if you are passive. Consider the fixed deposit schemes of banks, yes that is a safer method than crypto based investments.

Crazy high amounts of income indicate that something fishy is going on, not that the project is super profitable or doing something revolutionary, that is what bitcoin has done.

What I observed from yield farming is that the long term proposition is not good, you carry a large risk than reward and hence I dont recommend it.

They should consider that there's no passive income thing on crypto especially if they are dealing it by investments since any of those can go or turn scam. This word us overused by scammers since they want to deceive their investors and make them believe that they can earn that if they invest on the platform those scammers created.

Yield farming I think this is not for long term and it the same with other that only good while its new but when people are done with this it will slowly collapsed.

Usually newbies or greedy ones are the people who would really get victimized be this on which they would really get blinded on what those offerings that they had able to encounter and if they do see that it is something
that would be giving out that kind of conditions on which earning up without doing nothing then it would really be that turns out to good to be true and that #1 rule that we do have in investment space is that, if there's something that make you money without doing nothing or no hard work but only investment needed then its really a scam. People should realize this but since those noobs doesnt have this kind of thing initially then
they are the ones who do really get caught which is really that sad. If they have just that sensible mind and common sense on how things works and how its done then you might be able to avoid such thing.
Passive income would really be just only possible when you do have a real estate business or rental or any industry which even if you do sleep you are earning but here on cryptospace?
This cant just that be possible and this is why its better to avoid as much as you could.

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Quote from: TheUltraElite on July 08, 2023, 07:37:12 AM

Quote from: alexvause7 on June 27, 2023, 07:34:47 PM

Sure you can get crazy amounts of interest in some of the decentralized systems but most of them are traps. You better win a few to lose all.

Dont think that is a good option for anybody and the term "passive income" has been hyped a lot along with people who accept it as a good method to make money because of the term being an oxymoron - you cannot earn if you are passive. Consider the fixed deposit schemes of banks, yes that is a safer method than crypto based investments.

Crazy high amounts of income indicate that something fishy is going on, not that the project is super profitable or doing something revolutionary, that is what bitcoin has done.

What I observed from yield farming is that the long term proposition is not good, you carry a large risk than reward and hence I dont recommend it.

They should consider that there's no passive income thing on crypto especially if they are dealing it by investments since any of those can go or turn scam. This word us overused by scammers since they want to deceive their investors and make them believe that they can earn that if they invest on the platform those scammers created.

Yield farming I think this is not for long term and it the same with other that only good while its new but when people are done with this it will slowly collapsed.

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Crypto exchanges are risky if we are to let them hold our coins for the long term. Its investment returns are still better than traditional banks' interest on deposits but the risk is more than its worth IMO. Maybe crypto exchanges should have an insurance system for their deposits to secure their users' funds. SAFU by Binance is a good start but it should not only stay that way. It's mind-boggling though if there are insurance companies that are willing to accept crypto exchanges or due to its volatility it would be too expensive that crypto exchanges are not willing to spend that much.

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So anyway, I applied as a merit source :)

Quote from: alexvause7 on June 27, 2023, 07:34:47 PM

Sure you can get crazy amounts of interest in some of the decentralized systems but most of them are traps. You better win a few to lose all.

Dont think that is a good option for anybody and the term "passive income" has been hyped a lot along with people who accept it as a good method to make money because of the term being an oxymoron - you cannot earn if you are passive. Consider the fixed deposit schemes of banks, yes that is a safer method than crypto based investments.

Crazy high amounts of income indicate that something fishy is going on, not that the project is super profitable or doing something revolutionary, that is what bitcoin has done.

What I observed from yield farming is that the long term proposition is not good, you carry a large risk than reward and hence I dont recommend it.

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Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back.

Yes you could do a passive income on LPing on stablecoins with higher APY. The impermanent loss would not be so high compared to altcoins plus you had a chance to be eligible on potential airdrops. Though its kinda be risky since you are engaging with smart contracts that could be exploitable by some hackers.

arwin100

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Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Would be grateful to hear your experience!

What kind of passive income are we talking about like it can generate you a profit without doing anything? Since if you after that then maybe scammers will be there to offer there scam platform and present that they can give you a passive profit. You need to avoid this since its obvious scam.

But if you want to deal up with skills then better enhance your knowledge then earn with it. Although there's still unsure that we can earn passively but atleast we can potentially gain here if we are open to learn more knowledge and can trade without getting pressured on market disturbance that might happen.

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Quote from: alexvause7 on June 27, 2023, 07:34:47 PM

I use Binance Earn mostly. It's the biggest and most trusted centralized exchange right now. That doesn't mean they will be at the top all the time but currently there is no bad signs for them.
Sure you can get crazy amounts of interest in some of the decentralized systems but most of them are traps. You better win a few to lose all.

Not only now but Binance already got that title even before. If they manage to stay on top for years, then maybe they can retain their position for many more years to come. There are being hit by the FUD's from time to time but if we truly believe on them, we shouldn't be affected by those. We know that they are only built to destroy the platform because someone can't accept that they are much better than the rest.

Now, on the main topic about passive income, Binance earn is qualified for it. I might be crazy but I think schemes like that are much better than the usual crypto investing because it allows us to earn double profits. I guess that is because it had some risks but as long as others will follow you, to become vigilant, we can always get out on time before the platform collapse, just in case.

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I use Binance Earn mostly. It's the biggest and most trusted centralized exchange right now. That doesn't mean they will be at the top all the time but currently there is no bad signs for them.
Sure you can get crazy amounts of interest in some of the decentralized systems but most of them are traps. You better win a few to lose all.

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Really Passive Income in crypto in my opinion would be mining or staking and both of them require a lot of money.

Take example is ETH to run validor node you need 32 ETH in today price it would be ~ $60K which a lot and you do require some technical if solo staking if you choose the other than solo staking you need require less eth but you dont have total control of it and the APY is around 4% but the inflation rate now is more than 4 Grin

yo do the math

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Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Would be grateful to hear your experience!

Better not to make yourself that too desperate on having that passive income because passive means that it do make out that fixed generated income without doing nothing which it could really be attained through

real estate or property which is really that generating some income.If we do speak about crypto investment then it would really be an another story if we do speak about passive income. There's no way that
we could attain passive income aside from holding our coins or staking which is something that make that passive but it would really be depending on the market on how it would behave.
Better store or accumulate Bitcoin for long term and some top altcoins in the market on which it would be worth than on investing on some altcoins in the market or totally shit which
you would be losing money instead of earning.

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Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Would be grateful to hear your experience!

There is nothing like passive income in cryptocurrencies, if there is a person or a website that is telling you that you can earn passive income by investing a specific amount of money with them, you need to keep a fair distance from them because they are just trying to scam you and will run away with your money and you will regret it later. There are also a lot of websites that promise great returns on investments but they are all scams.

What you can do with cryptocurrencies to earn genuine profit is trading, you need to learn how to trade, how you can read charts and do analysis and then you should do trading yourself without having anyone else involved, that is the only way you may get profit but it also has its risks, you need to make sure you follow risk-management techniques as well.

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Quote from: asriloni on June 20, 2023, 11:03:01 AM

All of staking platforms were centralized platforms. It's BS if they called their platforms as truly decentralized platforms. I just rely on the capital gain. It's quite better rather than im loosing all of money at once. You must be careful when sending your token for staking purpose.

True, it tends out that many decentralized platforms that have been labelling themselves as is are actually semi-centralized or wholly centralized at all.

Quote from: asriloni on June 20, 2023, 11:03:01 AM

Please, learn from celsius and so many lending platforms were dead.
They were offering passive income through staking your money.

And people thought that it's gonna be free money forever but sustaining such feature is unbearable. Most of these lending platforms and those that focuses these passive income for their users through staking struggles.

Quote from: asriloni on June 20, 2023, 11:03:01 AM

I can only recommend you to stake your money in centralized exchange site for a short term period if you are wanna dealing with very big risk decision.

Although there's still risk here and that is you're not holding your keys. So both has risk and you choose what risk you wanna take.

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Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

All of staking platforms were centralized platforms. It's BS if they called their platforms as truly decentralized platforms. I just rely on the capital gain. It's quite better rather than im loosing all of money at once. You must be careful when sending your token for staking purpose.

Please, learn from celsius and so many lending platforms were dead.
They were offering passive income through staking your money.

I can only recommend you to stake your money in centralized exchange site for a short term period if you are wanna dealing with very big risk decision.

It's not even recommended anymore to stake in the decentralized platform, celsius and so many platforms were collapse has proven if decentralized platforms were even worse compared with cex.

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Quote from: 20kevin20 on June 19, 2023, 08:17:47 AM

Quote from: sunsilk on June 19, 2023, 08:10:13 AM

Proof of stake coins are the ones that will allow you to earn passively. So, it's like an interest that you'll earn which is called APY that you'll earn a percentage annually.

Exchanges do offer this but there's the risk on it because you are not the one who's holding the key.

Sure, if you wanna call a coin decreasing in value by half every year but giving you 17% APY ”passive income” then go ahead and call it that way, but I’m quite less than 10% of the staking tokens actually overperform their own inflation lol. Then if you take a chart of that token against BTC you’ll see it’s only losing value constantly.

Well, that's the counterpart on these staking coins. You can't expect majority of them to perform very well and if there are some that really does then that's good but won't be the same the next months or year.

Another one is the decreasing APY that it gives, while it's still fresh the APY that they'll give is quite high but it's not permanent and will change over time when there are more people that does stake it.

On this thing, it's not that really sustainable at all with high percentages and that's why we see most of them drop their rates.

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So anyway, I applied as a merit source :)

Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

(snip)...but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

I would remind you the same thing. These platforms dont work as they say they would. Any sort of "passive income" generation ends up with your coins vanishing in thin air or the setup getting hacked and your coins are in limbo.

I do suggest investing in casino bankroll, which is different from gambling your money, there have been some yield farming projects but most of them are only shitcoins and the time to recover your capital is huge. You would be better off putting your money in bitcoin for long term or just in a fiat bank deposit.

You cant be sure that the platform would not go bankrupt. Only you can never go bankrupt if you are keeping bitcoin's stored.

PytagoraZ

sr. member

Activity: 350

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Jolly? I think I've heard that name before. hmm

You need the ability to generate passive income from crypto. If you want to play it safe and have a proven profit. Bitcoin is the easiest, buy bitcoin.

Investments anywhere have risks, crypto has high risks and high returns too. You can read this before starting trading crypto:
What Can Happen If You Want to Trade Cryptocurrencies, but You Don’t Know How?

hd49728

legendary

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Not your keys, not your coins!

Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Have you ever had experience with earning passive crypto income?

If your passive income comes from holding your bitcoin and get passive profit from its growth, it is healthy.

However if your passive income is promised to come from 'staking' your bitcoin on a platform, it is unhealthy and like a Ponzi. Because, Bitcoin is Proof of Work, not Proof of Stake and when a platform provides such promises, they will have to attract people to send bitcoins to their platform but at the same time, will have to pay money to people who want to withdraw their coins including passive profit.

So far you can easily see it is a Ponzi scheme because no guarantee that all people will withdraw their coins when price at withdrawal time is higher than price when they stake it. So if the coin as investment itself is not in profit, the platform has to pay profit to users. It is unsustainable and unhealthy scheme.

Agbe

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Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Would be grateful to hear your experience!

There are three (3) places you can put your money as investment the first place is investment, second is trading and last place is mining. In these three categories you can invest in any one. But before you start any of those ones, make sure you make a good research and if possible learn more about them so that you will loss your money. Always learn from an experience person. It is only exchanges went into bankrupt so you can keep your coins or funds in non custodian wallet for safety purpose.

20kevin20

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Quote from: sunsilk on June 19, 2023, 08:10:13 AM

Proof of stake coins are the ones that will allow you to earn passively. So, it's like an interest that you'll earn which is called APY that you'll earn a percentage annually.

Exchanges do offer this but there's the risk on it because you are not the one who's holding the key.

Sure, if you wanna call a coin decreasing in value by half every year but giving you 17% APY ”passive income” then go ahead and call it that way, but I’m quite less than 10% of the staking tokens actually overperform their own inflation lol. Then if you take a chart of that token against BTC you’ll see it’s only losing value constantly.

sunsilk

hero member

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Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Would be grateful to hear your experience!

Proof of stake coins are the ones that will allow you to earn passively. So, it's like an interest that you'll earn which is called APY that you'll earn a percentage annually.

Exchanges do offer this but there's the risk on it because you are not the one who's holding the key.

Investing in Bitcoin is also gonna earn you passively by its value increasing over time. So if you buy like a hundred bucks of Bitcoin today, you'll earn more than that depending on the future increased price of it.

Jawhead999

legendary

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Quote from: BD Crypto on June 19, 2023, 07:49:13 AM

Like Poloniex sometimes offer trading competition or deposit bonus, you can join there and have some decent amount of passive income. I will not say that you may earn a good amount but a decent amount.

There are also some retroactive airdrops and genuine airdrops ongoing, you may find them in YouTube or Airdrop related Telegram channels. So that is also a good source of passive income. Another way is to join Bounties in this forum. You can visit Bounties (Altcoins) board to see all running Bounties and can join them easily. Many people are generating a decent amount from the bounty payments.
But Remember one this all the bounties will not pay you or all aren't worthy. So do some research and join Good Projects.

Passive income and making money without cost are completely different.

Trading competition, you need to watch the candlestick and active for 24/7 because if you miss the moment, you will not win the competition or meet the minimum requirement to withdraw.

Bounties, you're need to post, retweet, comment, like, share, translate, creating content, follow, completing KYC which is you're working, not just waiting and you will make money.

If you have do some research, it doesn't mean you will prevent of getting scammed.

BD Crypto

full member

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BTC Rocks

Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Anyway there are a lot of ways to earn crypto passive income. I also have some experiences like I have joined several retroactive airdrops and I try to join popular exchange campaigns. Like Poloniex sometimes offer trading competition or deposit bonus, you can join there and have some decent amount of passive income. I will not say that you may earn a good amount but a decent amount.

There are also some retroactive airdrops and genuine airdrops ongoing, you may find them in YouTube or Airdrop related Telegram channels. So that is also a good source of passive income. Another way is to join Bounties in this forum. You can visit Bounties (Altcoins) board to see all running Bounties and can join them easily. Many people are generating a decent amount from the bounty payments.
But Remember one thing that all the bounties will not pay you or all aren't worthy. So do some research and join Good Projects.
Best Wishes for you.

Jawhead999

legendary

Activity: 1820

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Can you define what's crypto passive income first?

If you define crypto passive income is you stake/lend your coins in a centralized site/pool and you will earn more coin, you has a chance to get scammed.

If you define crypto passive income is where you will earn more money in fiat equivalent due to rising of the coin price, you will not get scammed if you invest in decentralized coin and hold it on your non custodial wallet.

posi

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Vave.com - Crypto Casino

Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Would be grateful to hear your experience!

Passive income, bankrupt platforms...? what you said makes me think you are looking to stake your money to generate passive income with centralized platforms.
If my speculation is correct, then I advise you that nothing is certain or will guarantee you. If you want to earn high profits, you must accept high risks, if you want to do nothing and still have income from staking, you must take the risk of losing everything.

As far as I can see, you are a complete newbie and don't have any knowledge or experience. What you need now is not a rush to make a profit but knowledge.

BVeyron

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#SWGT CERTIK Audited

Quote from: svgisawmn on June 19, 2023, 06:52:42 AM

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Would be grateful to hear your experience!

I assume that all the income you can get in crypto is passive, so called long-term hodling. Cryptorading requires much time and a bit of luck, so the money earned by trading is a bit tough money. As for hodling, luck is needed too, but the overall time spent matters. So IMHO buying BTC and/or some top alts is a good idea. There is also one thing everyone should decide personally: the sum of money affordable to buy crypto. Investment strategy is affected heavily by this decision.

Aanuoluwatofunmi

sr. member

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stead.builders

If you're dealing with bitcoin in cryptocurrency then try as much as possible to make use of a cold storage for your bitcoin, that should be the permanent means through which you could store your bitcoin on the blockchain if you don't want to loose having control over it by rendering it's control over centralized exchanges to have in custody your private keys to unlocking those coins on the blockchain, if you must use an exchange, then probably for trading or exchange of currencies and not for storing your whole asset or bitcoin investment.

Oshosondy

legendary

Activity: 1624

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Gamble responsibly

Invest in bitcoin. Investment in bitcoin in a time like this is good because bitcoin price is still low compared to its ATH. Just invest and hold it for months or years to see your coins grow in value.

Do not invest in any organization, buy bitcoin and hold it in your self-custody or self-hosted wallet which is the right thing that you will do. You should be in control of your coins. If you want to be safer, you can use hardware wallet.

svgisawmn

newbie

Activity: 17

Merit: 0

Hey guys!
Have you ever had experience with earning passive crypto income? It's quite interesting subject but I need to be Sure where to put my money cuz there are many platforms that just bankrupt and users never get their money back

Would be grateful to hear your experience!

Topic: Crypto Passive Income (Read 660 times)