Topic: Earning Passive Income of BTC without reducing the amount too much? - page 2. (Read 405 times)
November 17, 2017, 06:24:24 AM
I think passive income of Bitcoin only come from investing. So you should choose the website that will give your profit in Bitcoin not in Dollars or other currency.
November 17, 2017, 06:19:42 AM
well, bitcoin is money!
if you understand this little fact, you can start treating it like money and with money you can do lots of things to "grow" it. there are lots of things that you can do with money, lending it is just one of the many and it is a little risky too but it can be a good side income.
when we talk about "growing" money, the aim is to invest it. and in order to invest you either find another business which is legit and put your money there and let it give you profit over time (a passive income) or you start your own business (invest in yourself) and make money over time.
obviously the later is harder and needs more work.
the former is riskier and may give you lesser income but it is easier to invest in someone else's business and make money from it.
sadly right now the only legit businesses that accept bitcoin investment that I know is gambling sites. their investment is like a partnership where you also share in the loss which makes the risk of this kind of investment that much bigger.
you can also invest in freebitco.in and get a small passive but guaranteed return from their mining.
Bitcoin itself is a risky asset. If you invest in other risky projects your risk of losing your coins increases significantly. Services like freebitcoin offer about 3% income a year. I think it's too small fee for a large risk. It seems to me that to invest bitcoin can only be in business to sell their products for bitcoins. It seems to me that it will not be soon. Now I just need to hold your coins. if you understand this little fact, you can start treating it like money and with money you can do lots of things to "grow" it. there are lots of things that you can do with money, lending it is just one of the many and it is a little risky too but it can be a good side income.
when we talk about "growing" money, the aim is to invest it. and in order to invest you either find another business which is legit and put your money there and let it give you profit over time (a passive income) or you start your own business (invest in yourself) and make money over time.
obviously the later is harder and needs more work.
the former is riskier and may give you lesser income but it is easier to invest in someone else's business and make money from it.
sadly right now the only legit businesses that accept bitcoin investment that I know is gambling sites. their investment is like a partnership where you also share in the loss which makes the risk of this kind of investment that much bigger.
you can also invest in freebitco.in and get a small passive but guaranteed return from their mining.
November 17, 2017, 06:10:28 AM
well, bitcoin is money!
if you understand this little fact, you can start treating it like money and with money you can do lots of things to "grow" it. there are lots of things that you can do with money, lending it is just one of the many and it is a little risky too but it can be a good side income.
when we talk about "growing" money, the aim is to invest it. and in order to invest you either find another business which is legit and put your money there and let it give you profit over time (a passive income) or you start your own business (invest in yourself) and make money over time.
obviously the later is harder and needs more work.
the former is riskier and may give you lesser income but it is easier to invest in someone else's business and make money from it.
sadly right now the only legit businesses that accept bitcoin investment that I know is gambling sites. their investment is like a partnership where you also share in the loss which makes the risk of this kind of investment that much bigger.
you can also invest in freebitco.in and get a small passive but guaranteed return from their mining.
if you understand this little fact, you can start treating it like money and with money you can do lots of things to "grow" it. there are lots of things that you can do with money, lending it is just one of the many and it is a little risky too but it can be a good side income.
when we talk about "growing" money, the aim is to invest it. and in order to invest you either find another business which is legit and put your money there and let it give you profit over time (a passive income) or you start your own business (invest in yourself) and make money over time.
obviously the later is harder and needs more work.
the former is riskier and may give you lesser income but it is easier to invest in someone else's business and make money from it.
sadly right now the only legit businesses that accept bitcoin investment that I know is gambling sites. their investment is like a partnership where you also share in the loss which makes the risk of this kind of investment that much bigger.
you can also invest in freebitco.in and get a small passive but guaranteed return from their mining.
November 17, 2017, 05:57:08 AM
How can we use btc and live of this growing asset? I dont like the idea of using some of that BTC to live. Just like real estate, you buy it, it continues to appreciate in value in general but you also get rental income.
Bitcoin does not do that, all it can do is just go up in value but how can you live of it? Would it be to buy rental properly with it, let THAT go up in value and then take rental income while your other stash of BTC grows?
What is a likely idea here to earn passive income of BTC without reducing the BTC holdings?
Bitcoin does not do that, all it can do is just go up in value but how can you live of it? Would it be to buy rental properly with it, let THAT go up in value and then take rental income while your other stash of BTC grows?
What is a likely idea here to earn passive income of BTC without reducing the BTC holdings?
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