Passive income is indeed one of the reasons why many people are interested investing in cryptocurrencies that have a high enough risk.
But the fact is that getting passive income in cryptocurrency is not as easy as we imagine. One of them is through mining relatively large
costs are required, because you have to buy mining equipment and large enough electricity costs are the reasons for mining not profitable
anymore. The next option with staking coins is safer and has a low risk, I highly recommend for those want to generate passive income.
Topic: Crypto passive income - a bubble? - page 3. (Read 993 times)
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
Unfortunately, bounty campaigns cannot guarantee that you always get profit because we know that bounty campaigns do not always exist and there are only a few bounty campaigns that can become participants, so don't make boutny campaigns your main income because no one can guarantee that bounty campaigns always exist . 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?
Just like mining and proof of work where you invest your money in buying mining rigs, with staking, you spend money buying coins to be used as collateral in order to start earning. Considering both mining and staking, you need to spend money in order to earn or receive new coins. Both mining and staking require you to invest money to receive or earn new coins.
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 matter how many coins are in circulation, I still believe in bitcoin, because we have all become living witnesses of its power. But there is one more unique Proof-Of-Person Blockchain, the name is IDENA. This is a new project where we are required to validate that we are Human if we want to join the validation ceremony. Mining on the average laptop and it's great to be a part of that community.
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
Mining is a pleasure at a very high cost, which may not always be profitable enough. Passive income earned from betting also requires serious financial investments. In the absence of such, the most acceptable option is trading. With the necessary knowledge, the return will be the most significant.
Trading is profitable to those who exactly understand the process and most importantly is not meant for all cryptocurrency enthusiasts or participants. Mining was good when they newly came into existence but later turned out to became scam investment. Betting is not good when you don't have the ideas about it, the only bubbles in cryptocurrency is staking. Through trust wallet I had to start staking Tron token to get some good airdrops but unfortunately they have stopped. Staking is the safest. 
So, maybe we should try to contribute to the community to make more profit instead of just expect our money to make money.
Unfortunately I do not think this is possible, for the most part people do not really like their jobs and some of them even hate them but they keep going on because they need the money, as such for the most part people have two different dreams, the first one is that they dream of getting their dream job, they dream of doing something that doesn't feel like a job but still getting paid as if you are in one, and the second dream is to get a source of income that is passive and they never have to work again, in my mind both are valid but both are incredibly difficult to pull off successfully.agree on both, and would like to point out that to obtain passive income is not easy, and this with crypto seems easy, since they are giving good interest rates on your capital, on the other hand, banks have similar strategies, they are providing more interest where the risk is bigger, so one can conclude that stacking crypto should be seen as risky business, and we do not know how all this will end up, on which side, positive or negative
one should estimate the risk before stacking any coin, known tokens are always better option, IMHO, but this should not be taken as financial advise
So, maybe we should try to contribute to the community to make more profit instead of just expect our money to make money.
Unfortunately I do not think this is possible, for the most part people do not really like their jobs and some of them even hate them but they keep going on because they need the money, as such for the most part people have two different dreams, the first one is that they dream of getting their dream job, they dream of doing something that doesn't feel like a job but still getting paid as if you are in one, and the second dream is to get a source of income that is passive and they never have to work again, in my mind both are valid but both are incredibly difficult to pull off successfully. 
It depends i guess. But if you have a crypto that has a high annual ROI with staking and otherwise no real usecase or isn't listed on good exchanges and has a low trading volume,
then sooner or later the price will drop.
I think this shouldn't be a problem though for big growing projects like Polka or Cosmos, because there should be still enogh buyers to at least take those coins that stakers generate.
then sooner or later the price will drop.
I think this shouldn't be a problem though for big growing projects like Polka or Cosmos, because there should be still enogh buyers to at least take those coins that stakers generate.
I have seen several coins that offered staking (paying interest for freezing a certain number of coins). All these projects ended up either fraud or a serious drop in price. Therefore, I recommend making better money on trading or long-term investment in such coins as Bitcoin or Ethereum, and it is better to avoid various stakings.
In case of staking, you need to take the risk of believing that the product is not a scam, buying a handful of those tokens (upto 100K), invest into a cloud service to let that stake run on an instance of hardware which contributes to the network. You can also choose to run it on your own hardware with some investment.
Earning passive income from all of that effort is nowhere different than setting up a mining rig for bitcoin in terms of simply the effort. The only problem is your risk is higher as you have to choose from thousands of these options. If someone wants to do their own research and actually try and earn from these ventures then it is their own perogative. These things have been of a bubble nature since the beginning, that is why the pumps and dumps. Such is the nature of almost every speculative trading asset.
Earning passive income from all of that effort is nowhere different than setting up a mining rig for bitcoin in terms of simply the effort. The only problem is your risk is higher as you have to choose from thousands of these options. If someone wants to do their own research and actually try and earn from these ventures then it is their own perogative. These things have been of a bubble nature since the beginning, that is why the pumps and dumps. Such is the nature of almost every speculative trading asset.
Almost all of the coins had been accused of scam. Even ETH during its early days was also being accused of scam like the rest of hte pump and dump coins but once they get to be there on top and getting traction, it tends to be a legit one like the DASH which was also being accused as scam from the begining. There are still developers today that tries to copy what was done with Dash. Its a slow growth though and some end up truly a scam.
If these projects stay their own course, i think there is space for everyone's niche. The arguments gets muddled when the supporters and shills try to compare them to bitcoin.
The sacrifice for proof of stake is you must pay for the coin, buying the coin with your own money.
Same with proof of work coins, you must buy the rigs from your own money. I think both of them are good, but i still prefer in proof of work coins.
Same with proof of work coins, you must buy the rigs from your own money. I think both of them are good, but i still prefer in proof of work coins.
Mining is a pleasure at a very high cost, which may not always be profitable enough. Passive income earned from betting also requires serious financial investments. In the absence of such, the most acceptable option is trading. With the necessary knowledge, the return will be the most significant.
Mining is indeed one of the most popular ways to get passive income in the crypto world. But now mining it's not profitable anymore,
because the costs are very large. People are looking for alternatives to staking, in comparison with mining, I prefer to make money by
staking. Choose reliable platforms for staking, so you can get profit in the long term.
because the costs are very large. People are looking for alternatives to staking, in comparison with mining, I prefer to make money by
staking. Choose reliable platforms for staking, so you can get profit in the long term.
Staking can be considered as a bubble because your funds will not be accessible in that mean while the whales can dump all the tokens and gets the value of shit coins into ero so never stake shit coins no matter how much returns they are giving.Investing on casino bankroll is the legitimate idea but you can't consider it as passive because they are not going to pay you dividends for investing.
Its simply based on the success of the casinos.
Its simply based on the success of the casinos.
I believe if we could find a way to make it work for ethereum first, that means maybe it will move towards bitcoin as well. I know usually bitcoin doesn't have that kind of huge changes, plus we are talking about a coin that has a little over 2 million left of the 21 million, so only 10% left and by the time ethereum has its own PoS and bitcoin people wants to get that done as well and developers work on it and miners and users switch to that blockchain, it would be probably only 5% left, so I know how impossible it sounds.
But even more importantly if ethereum succeeds, maybe all these pre-mined horrible projects that owners give out tokens for free instead of stake or mine them by the users could switch back to staking it because ethereum did it and managed to succeed.
But even more importantly if ethereum succeeds, maybe all these pre-mined horrible projects that owners give out tokens for free instead of stake or mine them by the users could switch back to staking it because ethereum did it and managed to succeed.
In case of staking, you need to take the risk of believing that the product is not a scam, buying a handful of those tokens (upto 100K), invest into a cloud service to let that stake run on an instance of hardware which contributes to the network. You can also choose to run it on your own hardware with some investment.
Earning passive income from all of that effort is nowhere different than setting up a mining rig for bitcoin in terms of simply the effort. The only problem is your risk is higher as you have to choose from thousands of these options. If someone wants to do their own research and actually try and earn from these ventures then it is their own perogative. These things have been of a bubble nature since the beginning, that is why the pumps and dumps. Such is the nature of almost every speculative trading asset.
Earning passive income from all of that effort is nowhere different than setting up a mining rig for bitcoin in terms of simply the effort. The only problem is your risk is higher as you have to choose from thousands of these options. If someone wants to do their own research and actually try and earn from these ventures then it is their own perogative. These things have been of a bubble nature since the beginning, that is why the pumps and dumps. Such is the nature of almost every speculative trading asset.
Almost all of the coins had been accused of scam. Even ETH during its early days was also being accused of scam like the rest of hte pump and dump coins but once they get to be there on top and getting traction, it tends to be a legit one like the DASH which was also being accused as scam from the begining. There are still developers today that tries to copy what was done with Dash. Its a slow growth though and some end up truly a scam.
In case of staking, you need to take the risk of believing that the product is not a scam, buying a handful of those tokens (upto 100K), invest into a cloud service to let that stake run on an instance of hardware which contributes to the network. You can also choose to run it on your own hardware with some investment.
Earning passive income from all of that effort is nowhere different than setting up a mining rig for bitcoin in terms of simply the effort. The only problem is your risk is higher as you have to choose from thousands of these options. If someone wants to do their own research and actually try and earn from these ventures then it is their own perogative. These things have been of a bubble nature since the beginning, that is why the pumps and dumps. Such is the nature of almost every speculative trading asset.
Earning passive income from all of that effort is nowhere different than setting up a mining rig for bitcoin in terms of simply the effort. The only problem is your risk is higher as you have to choose from thousands of these options. If someone wants to do their own research and actually try and earn from these ventures then it is their own perogative. These things have been of a bubble nature since the beginning, that is why the pumps and dumps. Such is the nature of almost every speculative trading asset.
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?
Most of the so called cloud mining are just scams. Staking coins too won't be able to promise the same price for the investors as it really depends on how useful the coin is or how much they can manipulate it and how long.
For anyone to give us a profit, they need to generate more profit from our money. Trading is a good way of making money that's why exchanges can provide us with interest, similar are the case with legit lending platforms and Defis.
Is crypto passive income a bubble when more and more exchanges implement staking or locked savings options ? Or is it a sign that crypto passive income is simply expanding ?
On the other hand is the whole crypto market (ICO's, IPO's, DeFi projects, PoW cryptocurrencies, PoS cryptocurrencies) not subject to bubbles, that inflate during bull market and deflate during bear markets ?
What do staking projects sacrifice to receive new coins ?
- short term strategy in favor of long term strategy, as staking requires in most cases to lock those coins for a long period of time. If you have a day-trading mentality then this is obviously not for you.
- server renting costs, particularly with PoW masternodes projects which require a copy of the full blockchain on servers.
- an financial longterm investment on either third party websites (exchanges) with no possession of the private keys or on cold wallets / hardware wallets with full possession of the private keys
What do staking projects offer to receive new coins ?
- full nodes that are online 24/7, particularly with PoW masternodes projects. Creating a strong full nodes network.
- services that simply can't exist without a strong full nodes network, particularly with PoW masternodes projects that settle transactions (sent, receive , spend) within a few seconds and offering optional
privacy on transactions.
- with Dash in particular, the network gets protected against 51% attacks through ChainLocks. Making the Dash PoW network more secure then other PoW networks like Bitcoin, Litecoin, Ethereum etc.
On the other hand is the whole crypto market (ICO's, IPO's, DeFi projects, PoW cryptocurrencies, PoS cryptocurrencies) not subject to bubbles, that inflate during bull market and deflate during bear markets ?
What do staking projects sacrifice to receive new coins ?
- short term strategy in favor of long term strategy, as staking requires in most cases to lock those coins for a long period of time. If you have a day-trading mentality then this is obviously not for you.
- server renting costs, particularly with PoW masternodes projects which require a copy of the full blockchain on servers.
- an financial longterm investment on either third party websites (exchanges) with no possession of the private keys or on cold wallets / hardware wallets with full possession of the private keys
What do staking projects offer to receive new coins ?
- full nodes that are online 24/7, particularly with PoW masternodes projects. Creating a strong full nodes network.
- services that simply can't exist without a strong full nodes network, particularly with PoW masternodes projects that settle transactions (sent, receive , spend) within a few seconds and offering optional
privacy on transactions.
- with Dash in particular, the network gets protected against 51% attacks through ChainLocks. Making the Dash PoW network more secure then other PoW networks like Bitcoin, Litecoin, Ethereum etc.
on staking you sacrifice your coins , same as when you invest .you convert your own fiat money to crypto and you hodl that crypto to earn more crypto . you can also earn from literally nothing but some of them are not scam like for example when you work on this forum for service or for campaigns and bounties . earning passive income is not a bubble but if you think it is , you need to sell early so that you can get a profit or get out when the bubble is about to burst .
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