Crypto passive income - a bubble? - page 2.

South Park

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Quote from: cryptovigi on August 29, 2020, 05:53:46 PM

Quote from: nutriagrigia on August 29, 2020, 01:40:31 AM

...
If you have skills in bounty campaigns, then you can work in case you lose your money or if you want to leave your job and earn money only online. Bounty is a very good skill

Hope no one listens to this guy ....

Sorry but quitting my job to do bounties is the last thing I would advise anyone. Yes, why not? Try bounty in your spare time, take a week or a month off and see if you succeed, but NEVER quit your job for bounty. Bounty does not look as pink as described by campaign managers. 1/100 will actually bring you a lot of money, but from the remaining 80 you will get nothing, and from 19 you will get a few - several dollars but only in a few weeks or months ...
If you are a good poster, try signature campaigns at trusted manager paid in BTC for $ 20-50 per week but remember that they will not always be available and the rates may decrease ... so if you have a job, do not throw it for a bounty

This is correct, I think people are still confused and think that we are in 2017 when almost any bounty gave significant profits, at that time it seemed as if the good times will never end, but who knew? They did come to an end and now bounty campaigns are for the most part a waste of time as ieos became the dominant way for good projects to release their coins and they did not needed bounty hunters at all for their business model, and since then bounty campaigns have become nothing but time sinks of which people still try to get profits but with no results.

malekbaba

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Quote from: timmmers on August 23, 2020, 11:07:58 AM

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?

You are mixing btc with whole crypto concept. We need decentralization, we need financial freedom. We dont want to be controlled by whales anymore. My money, my rules. This is crypto. If you think mining drive the market, i will say, you are not entirely right. Fixed supply, unlimited demand, global acceptance, decentralized, free third party, all these are features of crypto. Logical Speculation is the driver

Mpamaegbu

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Quote from: timmmers on August 23, 2020, 11:07:58 AM

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.

Everybody is yet to find out if staking will also end up in tears like what we experienced in 2017 with lending coins. I rue that era (lending coin era, so to write) because I bought and invested in a lot of lending coins that later turned scam projects. A lot of old members here will remember those inglorious days of Bitconnectcoin (BCC) and how a coin that was above $400 became zero in less than 24hours. It was hearts retching for a whole lot of people. So, OP my advice to you is to avoid any staking coin that gives more than a month lockdown period before your contract can be terminated.

bayu7adi

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dont be greedy

Quote from: yazher on August 23, 2020, 09:50:33 PM

back in the days, the passive income you can invest your money with is in the cloud mining where people don't really need to do anything after they deposit the needed amount for their investment after that every day they can get the benefit of what they've invested. However, after years one by one, they turned out to be a scam until the cloud mining business is no more. nowadays we have this thing called staking but this is safer than cloud mining does. here you are the one who controls your money and it's up to you whether you want to sell it or not.

Agree with u
The lack of greedy human literacy is easily exploited by con artists who make promises of great benefits from doing nothing.

We all know that KFC does not exist in an easy way. McD also had a very extra struggle to be like this, Apple is not possible, did nothing to become today.

Life is full of risks, and if you want to achieve your goals, you have to make sacrifices. And if you are currently struggling, make sure you have a goal for your struggle.

That said, Staking / Masternode is much better than Cloud mining. And don't talk about cloud mining anymore, don't make it your goal anymore.

usm2000

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to save on the cost of mining i had a buying vps suport the mining of her course to require no electricity but its working very long,I never do staking but and i think i read that staking mining is similar to where we need capital, big bets even greater than the capital for mining,

marcous

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Staking coins on a blockchain can indeed get passive income, but not a bubble. Staking coins on the network and getting rewarded is a proof of stake algorithm scheme. you have to look for coins that are really legit, you can transfer them on coinmarketcap. there are lots of staking and masternode coins there.

totoy4741

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Quote from: popeye95 on August 30, 2020, 01:56:05 AM

Passive income is the most attractive offer in crypto since human is lazy. This leading to a lot of passive income schemes like PoS, lending, distribution,... and I think definitely the main problem for those coins is trying to keep it not going to inflate. If they actually can do it, good. If not then clearly just crashing down or still in a bubble zone, making those types of coin is very risky.

I agree and I don't really that you'll be able to get big amount of profits in just staking it unless you put a lot of amount to stake. Most of the project usually give about 5-10% of stakes yearly which is I think not that big. There might be some risk if the project you ate staking is a little bit under the radar, if those coins that have been doing for long time, I guess you there is no risk at all.

SomeJasonGuy

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Passive income is a feature of fiat money too. And even financial instruments like stocks or bonds that give you an interest. The interest surrounding it probably is a bubble, but the actual feature surely isn't.

ampu

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I think every opportunity requires a trade-off, it's a game of people who have patience and take great risks to win rewards. The closest scam project is YBDAO (token: YBREE), a lot of investors joined this project and donated up to 7500 ETH. I'm sure they lost a lot of money. But if successful, the profit will be huge. We cannot be sure of anything in this market. Opportunity comes with risks, we will not know anything tomorrow.

popeye95

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Passive income is the most attractive offer in crypto since human is lazy. This leading to a lot of passive income schemes like PoS, lending, distribution,... and I think definitely the main problem for those coins is trying to keep it not going to inflate. If they actually can do it, good. If not then clearly just crashing down or still in a bubble zone, making those types of coin is very risky.

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Quote from: timmmers on August 23, 2020, 11:07:58 AM

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?

Some cryptocurrencies that are based on Proof of Stake Blockchain, require investing in the form of the project coin itself for the continuity of the Network. these investors get rationed coins reward if they break the block of transactions, maybe this is known as passive income. in some projects it is very worth it like Dash coins, but sometimes many projects end up with a scam. we must be good at analyzing and monitoring the progress.

For Bitcoin, we indeed have to invest in a device to mine coins and get coins from sharing income if we mine in the Pool. Both of these investment activities have the same objective, only to get profit.

Currently, there are other sacrifices to gain profit, namely the sacrifice of time and intelligence. one of them is a proof of person based project, you only have to have a computer and an internet connection, you can mine coins just by completing the flip picture challenge. you don't spend any money even you get income from it.

cryptovigi

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Quote from: nutriagrigia on August 29, 2020, 01:40:31 AM

...
If you have skills in bounty campaigns, then you can work in case you lose your money or if you want to leave your job and earn money only online. Bounty is a very good skill

Hope no one listens to this guy ....

Sorry but quitting my job to do bounties is the last thing I would advise anyone. Yes, why not? Try bounty in your spare time, take a week or a month off and see if you succeed, but NEVER quit your job for bounty. Bounty does not look as pink as described by campaign managers. 1/100 will actually bring you a lot of money, but from the remaining 80 you will get nothing, and from 19 you will get a few - several dollars but only in a few weeks or months ...
If you are a good poster, try signature campaigns at trusted manager paid in BTC for $ 20-50 per week but remember that they will not always be available and the rates may decrease ... so if you have a job, do not throw it for a bounty

Kang TB

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Quote from: timmmers on August 23, 2020, 11:07:58 AM

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?

no, this is not a bubble my friend
staking and run a masternodes from a good masternodes coin is the best way to get passive income in cryptocurrency and in my opinion its better than mining

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Quote from: Skinny48 on August 29, 2020, 01:51:12 AM

Mining is just better if you have the money because you can switch to other coins once the present one isn't profitable anymore, this isnt the same with staking coins, your coins will be in lock until the circle is over, maybe monthly or annually, this is like putting your coins at greater risks

Mining was profitable years ago, now the costs are higher than profit. I recommend to make some research about graphic card prices and compare the electricity costs/mined share price of BTC. The staking is a way to go if the investor has an good research about the future of the project, otherwise, the tale is as same as the alternative methods of crypto passive income. Lending and staking are my preferences for making some monthly passive income but these options also carry some unexpected risks.

Akoldi_ibk

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Every concept you mentioned; staking, crypto lending and so on are provided by these projects for different reasons and among is to provide alternatives for people to earn more and likewise to encourage holding, cushion against sudden price fall. For good projects with absolute confidence in what they are doing, I stake to earn more and it always guide against panic sell. But for projects with low confidence, I prefer to simply hold without staking, providing a way to sell once I smell any rat in the project.
For Bitcoin mining, I believe it is for the big guys to handle.

Skinny48

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Mining is just better if you have the money because you can switch to other coins once the present one isn't profitable anymore, this isnt the same with staking coins, your coins will be in lock until the circle is over, maybe monthly or annually, this is like putting your coins at greater risks

Skinny48

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If you want to stake coins make sure they have good demands in today's market, I'm sure you've heard about POS coins that later become worthless? Try not to let that happen to you

nutriagrigia

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Quote from: GWS My Boy on August 28, 2020, 02:15:27 PM

excellence in crypto cannot be used as a benchmark all depends on ourselves in which position we understan trading, bounty or airdrop, I have skills in bounties and of course make money in the world of bounties although the results are not as big as they used to be at least I can afford what I want

If you have skills in bounty campaigns, then you can work in case you lose your money or if you want to leave your job and earn money only online. Bounty is a very good skill

Pamadar

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Quote from: GWS My Boy on August 28, 2020, 02:15:27 PM

excellence in crypto cannot be used as a benchmark all depends on ourselves in which position we understand trading, bounty or airdrop, I have skills in bounties and of course make money in the world of bounties although the results are not as big as they used to be at least I can afford what I want

If you have that skills in sorting good projects you can really make good money out from this venue, and while making good income
you can also use part of it into trading or investing making extra passive opportunities.
There are lots of opportunities if you will use your time and your knowledge don't just be stuck with what you are doing try to add more.

cryptovigi

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Staking is perfect for Hodlers if you trust coin and are going to keep it anyway, so it's better if you increase the amount of coin in the process.
But I don't think mining is much better than staking. What difference does it matter if you spend thousands of dollars on GPU or ASIC and then hundreds of dollars a month on electricity or you will spend this money on coins and you will stack them, it's all about the same - today there are many coins and thanks to minig / staking their number increases and that's it.
Ok, in one case, mining is safer - if the coin you invest in turns out to be a scam with a GPU or ASIC, you can transfer mining to another coin theoretically safely, but on the other hand, in a few years your GPU / ASIC will lose a lot of value ...

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