Crypto passive income - a bubble? - page 7.

maydna

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Quote from: timmmers on August 23, 2020, 12:07:58 PM

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?

Staking the coin can be a new way to earn a profit, but if you can't get the right coin, your profit will not too big because the price of the coin will not increase for a long time. We don't have to sacrifice to receive new coins because that will depend on how we can analyze the coin before you decide. The investor's purposes are how they can make more and more profit in many ways, and that is what the crypto investors think about cryptocurrency.

If you mine a bitcoin, you need to have a lot of money before you can start. You need to think about the electricity cost monthly, and if you don't have high-end hardware to mine bitcoin and low-cost electricity fees, your profit will not be too big, and your chance to make a profit will not be too big.

shaheer001

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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.

Finestream

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IMO, you can only guarantee you'll earn a passive income if the project is already established. With the number of new projects in the space now offering an investment opportunity in any way, you have to be careful with that as it could cost you much in the end.

Look at this simple but realistic analysis of mind, ask yourself, are crypto market already stable? If your answer is no, then no projects inside of it is.

Mauser

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Quote from: timmmers on August 23, 2020, 12:07:58 PM

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?

But why should it end? It's pretty much the same business banks are doing with FIAT currencies. The ones who have plenty of coins are helping out the ones who don't have the coins right now. There will always be people be around who need coins right now but can only pay it back later. Staking or Crypto lending is common practice for a while now and definitely one of the major parts in crypto currencies. Sure there are bad apples around and you might lose money on some deals, but therefore you receive a nice interest rates. As long as you can pick out more of the good ones to lend your coins to, you should be fine. That is why a trust system like on this forum is so important.

MoonIsBlue

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Theres no value being created. Staking is a nice incentive to hold coins so people dont immediatly dump.
So that the developers can get something out of it too after all their hard work.
But it doesn't actually add anything.

Check out XAYA https://coinmarketcap.com/currencies/xaya/markets/ - You can make a passive income whilst creating value.
No more promises of (unsustainable) high payouts based on nothing but thin air. But real passive income based on value created within a game.
The gaming world is only just starting to grow its competitive leauges. XAYA will be at the cusp of this new dawn.
And will be an innovator and leader in how people interract with games.

Quit your job, become a gamer. While its still early.

benthach

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Quote from: Bitbtc8 on August 24, 2020, 02:09:34 AM

You just need to do research on a coin with staking ability, they survive through their use cases not even the staking feature, it makes sense and easy than proof of work Algorithm and also less costly to get into.

i recommended you checking out ark, just download their wallet and test it out, http://ark.io
deposit some ark into your wallet and vote for a delegate then wait for them to send you more free staking ark. your ark tokens is always safe and in your wallet.

Gorosden

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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

anu1908

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most of these new passive income generating outcome requires you to lose some of your control over your coins. either you lock it on a pool, move it from your wallet, locked and not allowed to move during crazy bear market trend, loaned to other users by some platform, etc. in return, you get 5-8% interest a year or so. In short term it is definitely a bubble since lots of people will rather look for profits than find a loan, and after a few months or year the interest will cool down.

the real question is whether losing that control is worth the risk or not. tt is definitely less profitable than mining with lower cost to enter, while at the same thing you need to risk lots of your portfolio.

Botnake

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It would depend on the coin you are staking with, and by reality, not all coins in the market has some good potential in the future.

Staking could be profitable if the coins you are investing with is profitable and will survive for long term, hence you can't compare it with bitcoin mining since bitcoin will always stay in the crypto space, it doesn't need to be improve or change, people have accepted it and have adopted it already.

NeuroticFish

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Do all those coins have proper development and proper use? What makes them valuable?
Questions like this need to be asked/answered.

It doesn't matter if staking brins more coins if overall the coins' value decreases.
Where the income from yield farming comes? Don't tell me that suddenly everybody needs loans in certain coin or token nobody knew about some months ago.

The speculation driven rise of price is a bubble. If the income is based on that then it's very risky. That's all.

sayulita

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CyberTrade

Quote from: timmmers on August 23, 2020, 12:07:58 PM

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?

For staking cryptocurrencies you also have to spend money too and then for staking your coins your wallet have to be online all the time throughout the day, if not then you won't earn anything. It is more efficient than just buying mining rigs and then also spending a lot on electricity and also cooling the rigs. If staking wouldn't have been a good alternative then the Ethereum network wouldn't have opted to go full Staking instead of a hybrid POW/POS protocol. The only danger in staking your coins is that if the VPS provider access your wallet or any hacker cracks your VPS password then all your investment will be lost this won't happen with mining rigs, other than this there isn't any disadvantage in staking cryptocurrencies.

giammangiato

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Crypto passive incomes are very dungerouse if they are not connected to the project like for esample atom or erd staking. They make if for save the value of the coin during the growing of the projects. Stay away from wallets that promise to you +5% for day after a few of days they will scam you and your friends

Bitbtc8

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You just need to do research on a coin with staking ability, they survive through their use cases not even the staking feature, it makes sense and easy than proof of work Algorithm and also less costly to get into.

Bitbtc8

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Quote from: timmmers on August 23, 2020, 12:07:58 PM

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?

I don't see any danger in staking coins unless they offer big staking rewards, legit POS coins only gives 5% to 15% reward annually, a fake POS coin will give 30% to 50% monthly and that's a pyramid scheme that will collapse any time

Reid

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Quote from: timmmers on August 23, 2020, 12:07:58 PM

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?

Staking is not from nothing.
You also risked buying those coins just so you could make a larger stake.
Almost the same as mining. You invest with your mining rig, set it up, and let the computer do its work.

Not everyone has the capability of setting up a mining rig which is why staking is a great opportunity for them.
All they need to do is buy the coin in larger portions for a higher return.

Akiko

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Quote from: timmmers on August 23, 2020, 12:07:58 PM

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?

Nothing just time to wait your rewards .staking is not really a good way to earn passive income since the more supply added in the coins the more it will affect the price and for long term investment instead of earning you will lose your capital .because it will get lower in the long run there is no way they can sustain the value of currency if many is selling their profit from staking rewards.

Strongkored

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Because something that can be obtained easily will be the first choice, you only need to buy coins and put them in your wallet and run the wallet for staking, unlike mining which requires knowledge of the equipment to be used, need to chose a right coin that's suitable for your equipment.

ryap12

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Quote from: timmmers on August 23, 2020, 12:07:58 PM

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?

I only see whales benefit big time from these staking type cryptos. Whenever the whale quits staking and starts to sell, it will surely bring destruction to the price. I think staking is good for those who does not have time to spend much online and can just purchase, stake and return after many years to see if they made profit.

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joshua123

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Quote from: timmmers on August 23, 2020, 12:07:58 PM

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?

I think those are not nonsense and useless. The business of lending not even in crypto is profiting and when you add a decentralized fashion like this, it will be more efficient.

I dont know what you meant that will end up sooner. You are doing a campaign from a staking project too but you dont believe on it? New coins can be received through investing or bounty campaign.

Kemarit

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Quote from: timmmers on August 23, 2020, 12:07:58 PM

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?

Yes, you are right, those kind of concepts are not just kind of scary, but someone can still pull a exit scam and take those money for people who supposedly believed that there are ways to make passive income in crypto.

It's not comparable to Bitcoin though, the problem with alt market is that it can really be manipulated and this has been the case for many years.

Are you willing to lock your funds for lets say a year on staking? If some bad actors see some vulnerabilities or if the code itself has a bug, then you can simply loss all your money, in a blink of an eye.

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