Topic: Crypto passive income - a bubble? (Read 993 times)
Mining isn't ideal especially if you have a small capital, but there are many ways to have a passive income in crypto such as staking and lending and trading, but for me staking is the best way to earn you just need to sacrifice the time that you need to spend to wait for it, but the good thing is it has less risk but you need to pick a good coin that you will stake like EOS, ADA, NEO or TRON.
I see that more and more investors are interested in a passive income that comes from cryptocurrencies. But, I am a little bit afraid that all these concepts: staking, crypto lending, and all form of income that is generated from nothing will end up sooner or later. When you compare mining, you have to buy mining rigs at first, then you need to pay electricity, so you spent a lot of money to mine a Bitcoin and that makes it valuable. What about staking? What you sacrifice to receive new coins?
This is actually true. In all the businesses you want to start with you have to have a capital. And with crypto, it is buying new tokens, add to it that it is risky considering crypto is unstable.
For staking, I usually stake in an exchange like Binance, they offer quite a lot of staking programs for the type of coin.
You can follow and see the contracts provided such as 10 days 1 week, 1 month, depending on how long you want to keep it, staking here is very easy you only need to hold a few coins and lock it for a certain period.
You can follow and see the contracts provided such as 10 days 1 week, 1 month, depending on how long you want to keep it, staking here is very easy you only need to hold a few coins and lock it for a certain period.
yeah the passive income is there and legal and possible but you need to know that it's only a small percentages APR and you can expect some good money only if you have a big capital, recently binance has added some new way to make that called Binance savings but only with 6% APR, so I guess that's why many people don't touch it.
I agree with you these days many platforms available which are offering passive income on your cryptocurrency investment but other side the price of cryptocurrency decrease but new people in this industry have no idea that their portfolio is decreasing but If we use stable coins for Passive income then it's fine because their price is not fluctuate
Even with the stable coins, the investment is risky. Most of these companies are online and we do not know the physical presence or legal status of these companies. We have seen many times in the past too, that most of these fraud companies run away after collecting the money from the people. Before investment, a through investigation about the sites is to be done to avoid the scams.
I agree with you these days many platforms available which are offering passive income on your cryptocurrency investment but other side the price of cryptocurrency decrease but new people in this industry have no idea that their portfolio is decreasing but If we use stable coins for Passive income then it's fine because their price is not fluctuate
what is clear is the time, to support and develop the project so that the launch of the new token goes well and is successful. then as an investor who funds the launch of the new token, of course, also spend a lot of money and that can also be called a sacrifice that is worth it when in the end the token is successful and gets a lot of profit.
Crypto become a passive income but for that you need to use proper risk management in trading. If you did not use or known risk management then this is not for you. You have to have know what you holding for and what news or events coming regarding your holding. You need to buy in dip and wait for price increase. Patience is key of profit. Once you realized you are in a good profit then sold it and wait for other good opportunity that's way you make a passive income.
I really don't understand any of it. The whole DeFi thing has blown up and I'm either too dumb or too lazy to really grasp it.
With most things, it seems like the real money is being made with those that already have plenty of money. My small amount of X token will generate enough to cover fee's and that's about it.
You know what they say you need money to make money, and there is no market in which this is even more true than in this one, the stories about people making a fortune by just claiming bitcoin from faucets are without a doubt very interesting but those days are way behind us, if you want to make money you have no option but to risk a significant amount of it in a coin that is not very well known, but that is not something that I recommend taking into account the number of scams in the market. With most things, it seems like the real money is being made with those that already have plenty of money. My small amount of X token will generate enough to cover fee's and that's about it.
I see that more and more investors are interested in a passive income that comes from cryptocurrencies. But, I am a little bit afraid that all these concepts: staking, crypto lending, and all form of income that is generated from nothing will end up sooner or later. When you compare mining, you have to buy mining rigs at first, then you need to pay electricity, so you spent a lot of money to mine a Bitcoin and that makes it valuable. What about staking? What you sacrifice to receive new coins?
How about non-crypto investments with crypto. What I'm talking about is tokenized realestate.
Basically, just like any real-estatre investing, you purchase a house, or a share of a house, and you get your cut from the monthly rent.
Well imagine that, except tokenized on eth blockchain, and rent is paid in crypto.
I even wrote and article about it https://medium.com/@btcltcdigger/passive-income-from-tokenized-real-estate-cdde9cc59f52
The passive income feature is not a bubble! How can you think it's a bubble? Do you understand bubbles?
Passive income such as staking, lending, masternodes are only future features of the cryptocurrency ecosystem
Passive income such as staking, lending, masternodes are only future features of the cryptocurrency ecosystem
I really don't understand any of it. The whole DeFi thing has blown up and I'm either too dumb or too lazy to really grasp it.
With most things, it seems like the real money is being made with those that already have plenty of money. My small amount of X token will generate enough to cover fee's and that's about it.
With most things, it seems like the real money is being made with those that already have plenty of money. My small amount of X token will generate enough to cover fee's and that's about it.
Exactly bubbles, people are racing to buy those coins and lock them up for rewards. Those who come first are the winners and when the market grows to a high-level someone will start to take profits, the domino effect will cause the market to crash. I suspect projects with anonymous dev team have a higher risk of a crash, it's like gambling, we are playing a game without knowing who is behind them.
Well anyone that is investing in a project with anonymous developers that itself is not focused in bringing anonymity to its users is just asking for trouble, however the most recent bubble was caused by the DeFi hype and while it lasted for some time it eventually crashed like all the bubbles, but what I do not understand is why people always delude themselves thinking this time will be different when it has been proven time and time again that things never really change.
It depends on what coin or token will be mining, if building a mining rig it really cause high, the electricity bill will consume more and the maintenance of the mining rig but it is legit, but if the miners will join in a cloud mining I think it sound so scary because more people got scammed using cloud mining.
no at all that the staking is bad. For example you can staking vechain you Will get vtho , or you can staking Neo to get gas. so , we can get passive income from this type of coins. Then, we can get passive income from cloud mining but it mostly scam.
It could be a bubble as there are currently too many projects that allow staking and the value of those cryptocurrencies is volatile. But we can consider staking stable coins, the risk is low, and the value of those cryptocurrencies hasn't changed much over a long period.
https://topstaking.com/staking-stablecoins-best-ways-to-earn-interest-on-stablecoins/
https://topstaking.com/staking-stablecoins-best-ways-to-earn-interest-on-stablecoins/
Exactly bubbles, people are racing to buy those coins and lock them up for rewards. Those who come first are the winners and when the market grows to a high-level someone will start to take profits, the domino effect will cause the market to crash. I suspect projects with anonymous dev team have a higher risk of a crash, it's like gambling, we are playing a game without knowing who is behind them.
I see that more and more investors are interested in a passive income that comes from cryptocurrencies. But, I am a little bit afraid that all these concepts: staking, crypto lending, and all form of income that is generated from nothing will end up sooner or later. When you compare mining, you have to buy mining rigs at first, then you need to pay electricity, so you spent a lot of money to mine a Bitcoin and that makes it valuable. What about staking? What you sacrifice to receive new coins?
In terms of Mining, it is really much better to buy your own rigs at least, even it's too expensive you are far losing your money dude, unlike in cloud mining investment. The only passive income you could get is from Bitcoin and top altcoins in the market such as Ethereum, chainlink, Band, Busd, Binance, and more than about in staking, I never try that ever since I started it before.
I see that more and more investors are interested in a passive income that comes from cryptocurrencies. But, I am a little bit afraid that all these concepts: staking, crypto lending, and all form of income that is generated from nothing will end up sooner or later. When you compare mining, you have to buy mining rigs at first, then you need to pay electricity, so you spent a lot of money to mine a Bitcoin and that makes it valuable. What about staking? What you sacrifice to receive new coins?
Theres no other way on attaining coins but by only on mining, staking, or just simply buying it. When it comes to passive then it would be particular means about investing
neither on a gambling house, coin staking ,lending.I cant find any other way on attaining but only into this kind of method.Talking if its a bubble? No its not since you can
legitimately getting up some gains but when it comes to profitability then thats always been a question since no one would really able to predict on how market would behave.
For people who do consider on this kind of income then its always accompanied by risk so its a matter of choice.
Greed will not lead to a good result, we will all pay for it in the future, I hope most will have time to fix the profit.
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