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Topic: Crypto passive income - a bubble? - page 6. (Read 1018 times)

sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
August 24, 2020, 11:46:31 AM
#49
   Passive income isn't something new. People make money and instead holding it they want their money to work for them. With crypto-currencies it's available for all of us,
even with small capital. Before for that you needed to have a lot of money to invest,
now you can start with small capital.
    It's not a bubble, but not all staking projects are good. Choose staking coin carefully
and I believe you will be satisfied with results.
sr. member
Activity: 1119
Merit: 206
20BET - Premium Casino & Sportsbook
August 24, 2020, 11:38:05 AM
#48
As I know staking supported by holders who hold a certain number of coins/token. Before staking, they need to buy coin first and hold it in their wallet then open it, only if he keeps the wallet opened then they will give the reward. Almost like POW, so I think that not dangerous. But be careful if you see project provide 20% or more because I think the normal staking is only less than 20%
sr. member
Activity: 966
Merit: 254
August 24, 2020, 11:19:55 AM
#47
I have heard a good claim. Gold is in a bubble. Current money is in a bubble. And everything that is connected to inflation money is in a bubble. Because the more money we have, the more we spend on investments and this will cause an increase in the price of assets. Smiley
full member
Activity: 646
Merit: 100
tozex.io
August 24, 2020, 10:16:15 AM
#46
Well I really don't support mining because I find it expensive,also staking to get passive income isn't that bad but then imagine you buying so much of the coin to stake before waiting for some period of time to receive reward. my best bet for crypto passive income is daily trading, where you buy a coin wait for it to appreciate by some percentage, then you sell off and take profit.
sr. member
Activity: 994
Merit: 261
August 24, 2020, 11:14:40 AM
#46
My analysis of staking on projects is to make investors or anyone who holds their token or coin hold it longer by getting results according to the pool and the amount they are staking. Maybe in my opinion what is sacrificed is when staking sometimes the price goes up and we can't sell it because the staking is still ongoing.
sr. member
Activity: 1274
Merit: 338
Enterapp Pre-Sale Live
August 24, 2020, 07:56:42 AM
#45
It all depends from way of passive income, some of them really may be bubble/ponzi others are legit
Actually it does not depend on passive income methods, but more towards working to make income passive at all times, this is certainly not easy to do because the income for every job we do is not always the same at all times.
hero member
Activity: 1204
Merit: 502
August 24, 2020, 11:06:21 AM
#45
Both PoS and PoW have advantages and disadvantages. Many PoS supporters say that PoS consensus can be much more decentralized than PoW because when you look at Bitcoin, the biggest power have miners, but could everyone be a miner? No, you have to invest a lot and you need cheap electricity. That´s why BTC mining is centralized in China.
jr. member
Activity: 43
Merit: 2
August 24, 2020, 10:58:35 AM
#44
"Passive income" is a codeword for free money. What's more interesting than projects that promise free money materializing out of thin air are projects that apply blockchain technology to real life use cases. Investing in projects based on solid fundamentals that have real use cases is the true "passive income".
full member
Activity: 1386
Merit: 101
ComboLabs
August 24, 2020, 10:54:04 AM
#43
passive income is not a bubble, the bubble is the very high volatility of cryptocurrency prices, currently the bubble is just starting, and has not yet burst, because the price of Bitcoin is still relatively cheap compared to the end of 2017
jr. member
Activity: 105
Merit: 2
August 24, 2020, 07:13:47 AM
#42
It all depends from way of passive income, some of them really may be bubble/ponzi others are legit
member
Activity: 588
Merit: 10
August 24, 2020, 07:43:03 AM
#42
It all depends from way of passive income, some of them really may be bubble/Ponzi others are legit
Once upon a time when I am a noob to the crypto and that I had made an investment in the Bitconncet platform which was a lending platform and after several months later it ended up like one of the bigger Ponzi scheme. Since then I never look towards any platform which promises to the passive income.   
member
Activity: 756
Merit: 13
DIFX - Digital Finacial Exchange
August 24, 2020, 07:18:34 AM
#41
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?
There are different opinions about this crypto passive income but only time will tell personally i think that it is here to stay but it has to prove the successful model through the bull and bear trend, if they are able to survice through all market conditions then they will move towards mass adoption.
sr. member
Activity: 2324
Merit: 263
August 24, 2020, 07:00:34 AM
#40
There are few proof of stake coins that I've knew since 2018 and till date they are still paying those who stake their coins, what makes these coins more trustworthy is because they have better utilities apart from the staking ability they offer
Yes, the coins that have survived from 2018 to the present are still there, but there are also very many coins that have been destroyed, meaning that there are not many coins that have survived and usually it really depends on the extent to which the team can care about their coins alone.
hero member
Activity: 1274
Merit: 500
Proof-of-Stake Blockchain Network
August 24, 2020, 06:52:16 AM
#39
all coins that offer passive income will die in one day, but if you are one of the first investors in this coin, you can earn very big money at the early start. fast people making very good money on such coins
legendary
Activity: 2268
Merit: 1655
To the Moon
August 24, 2020, 06:28:06 AM
#38
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. ...

If you trust banks more than cryptocurrency exchanges, then you should keep your savings in banks. If you decide to place your free money on the exchange, you need to choose the one that you trust more. I placed part of the funds on Binance at 14.5% per annum in USDT. In addition, Binance holds a special promotion-BNB staking at 25% per annum. But for me, the income in USDT looks more stable than in BNB.
full member
Activity: 714
Merit: 100
August 24, 2020, 06:20:06 AM
#37
I think Staking is good but some shit coins with a shit business plan made this staking worst. If you search you will find a lot of coins that offer to stake and they are doing this business from the beginning and they did it very well. But some projects came to scam people and people lost money then they don't believe staking. But I think staking is one of the passive income if you can choose the right coin.
sr. member
Activity: 1512
Merit: 316
August 24, 2020, 05:43:32 AM
#36
As the electricity charges increased the mining is become more difficult due to high charges and the cloud mining sites mostly are a scam as they never pay you all your initial investment too. staking is the best option as this is totally in control of project owner and due to staking more investors take part in the project if the staking ratio is good and the project has some ranking and good value in price.

For staking if you do not like the coins or think it would not be worth as those may not be a valuable then the best option is investing in the coins directly listed on the exchanges. Invest in the coins and keep it for few years like investing in the shares for long term. Thus, your value will keep growing as the prices keep increasing it and in the end will make a big money or in between as well can sell it if required.
copper member
Activity: 479
Merit: 11
August 24, 2020, 05:50:35 AM
#36
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 pessimistic on how you look at the different ways to earn from passive income without stating how this will end, if you are not comfortable with mining and staking then why not just buy coins and HODL it, it's a guaranteed way to make a profit, many investors find HODLING a good way to make a passive income.
sr. member
Activity: 1442
Merit: 265
August 24, 2020, 05:40:49 AM
#35
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 have a point for sure but this is true only for coins and tokens that are offering returns without any serious purpose, perhaps only to avoid dumping.
While projects that offer genuine staking that serve the purpose of securing the network will be fine i guess.
legendary
Activity: 3346
Merit: 1134
Leading Crypto Sports Betting & Casino Platform
August 24, 2020, 05:12:41 AM
#34
Crypto Lending...
To be honest, decentralized lending or those platforms that are under DeFi still confuses me. I'm nor really sure how it works so I can't tell it's value. On the other hand, lending on centralized third party service such as Binance is different. It is backed by the platform itself so you can say it is the same to how banks get your money, lend it to others, then give you a share of the profit which is minuscule compared to how much they get haha.

Staking....
Like what others have said, it's intrinsic value comes from the capital you put in including the monthly expenditures like electricity and equipment maintenance. If you join platforms that offers staking pools, you won't have to think of the expenses but keep in mind the risk involved in trusting other parties with your money.  

And still, both have their own risk. Just like how it is with mining. Risking their money, buying those rigs and paying bills and you are supposed to mine something or you will be losing more.

In staking, there are chances it would become a scam attempt and the same goes with lending.
Actually, mining could be a better option rather than those two but it needs knowledge. That might be the reason they will pick the easier path.
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