Crypto passive income - a bubble? - page 8.

ADLANE33

newbie

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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?

Yeah, it feels like most of "passive" crypto income is kind of grey. Bunch of stocks can grant you passive income with dividends so you don't have to worry about profits.
But crypto has no clear way to do this - staking, mining, bounties thats all require sort of effort so its not so passive after all

Yogee

sr. member

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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.

yhiaali3

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Fully Regulated Crypto Casino

As for me, I tried mining and paid a lot of costs, but I only got a little profit in the end, so I stopped mining for the time being, as for passive income, I tried staking it gives little profit and it is not good enough that you have to buy a lot of coins And you freeze it for a long time so that you get a little profit. So for me I found spot trading to be the best.

benthach

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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?

crypto passive income work very well with ark dpos
example i have 40k ark tokens worth about $20k right now and i vote for some delegate, this delegate pay me about 11ark daily and in 1month i have about 330 ark tokens passive income, translate to about $165. way better than buy a renting property or anything right now for me. i just sold my renting property and bought ark, with less headache right now and even getting pay more! the good thing is ark even get more expensive everyday translate i get even more income!

50,000($25000) ark tokens with daily staking/passive income now about 14 ark or 420 ark tokens a month, which equal $210.

Francis Freeman

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Sovryn - Brings DeFi to Bitcoin

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?

During the early days passive income through mining was advertised and its not sustainable now , similarly the defi staking and passive income is not sustainable long term according to me.We will see this when the crypto winter starts .

yazher

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You own the pen

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.

maxreish

sr. member

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Mining isn't that profitable.
Well, of course depends on which coin will you gonna mine. The electricity cost much plus coins mined are undervalued. It is only worthy if you mine potential coins. I'm not also into staking but I have tried a few times of giving out some loans here. Yeah, it's risky and scary because some may not pay you and will become your deficit funds at the end but the passive income exists there.

I am focusing on trading right now, investing few coins and sometimes gambling. Investors have different ways to earn passively, some wanted to be part of the new projects defi. Whatever we may take, it is always best to earn wisely and not to be unworthy at the end.

meanwords

full member

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Just like mining, you are sacrificing your rig to stake coin 24/7. Unlike POW, POS is way cheaper but what makes it pricey is because of how people needs to hold a considerable amount of coin to be able to stake. Let's just say "coin=mining rig" which still needs a large capital but you can sell it way easier than hardware mining rigs. POS is also said to be more secured in 51% attacks than POW but I'm not an expert so I'm not sure.

irixo10

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GoMeat - Digitalizing Meat Stores - ICO

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?

In the case of staking, I would say it works for some projects and it doesn't work for some. Even many old projects are bringing in their own staking systems, all in a bid to keep their investors engaged and contained. But however, there is need to be very careful of all these staking programs, wherein some people might be lucky to make something out of it depending on how good the project is, some will not be too lucky as most team can use it as a medium to attract more users then exit the project. What is being sacrificed to receive new coins is that, the investor have to be a holder, that is, buy the required amount of tokens, then stake it, which won't be touched, so indirectly, you are a holder.

Anonylz

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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?

Well I guess it is all about taking chances, yes there are many platform who offer to earn passive income especially mining platforms, most of them are fake, and cost of mining is high just like you said, but who knows, the genuine project are still giving investors passive income as long as crypto still exist staking will continue to give passive income to those who stake their coin, I don't think there is anything to worry about.

Mulann2

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When you can mine yourself it is more better, but most cloud mining are usually scam some of them will only pay investors for only a few period before they disappear, staking on the other hand seem more reliable, at least there are some project that have been paying investors from staking for long now, they still active.

Stalker22

legendary

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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?

Bitcoin is the first digital currency over which no organization or government has control and its value comes primarily from that. The fact that a lot of money needs to be invested in mining equipment, in my opinion, has little impact. Most miners sell large quantities continuously to cover mining costs (electricity, equipment depreciation, etc.). In contrast, steaking requires that a certain quantity be locked in some kind of contract and thus reducing the total quantity in circulation.
Under the simple law of supply and demand, a decrease in supply generally causes an increase in the price of goods.

timmmers

sr. member

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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?

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