Generating Passive Income - page 12.

soham

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Quote from: Valkyria_Obscura on October 17, 2017, 02:46:23 AM

Hey folks,

I realise that the simplest way to make a profit on crypto at the moment seems to be just buying and holding Bitcoin, but I'm curious if there are any coins or tokens designed specifically to generate ongoing passive income for holding them and if so, how they work?

Appreciate any replies,

There are some altcoins with POS algorithm which can generate passive income for you. It works on proof-of-stake basis. It rewards you if you hold some amount of that coins in your wallet. The rewards are automatic and you will keep receiving free coins based on your holding amount as long as the algorithm permits. However, the POS coins are not very successful in the trading market. At least I don't know about any POS coin which has a great value probably because you can receive free coins. (I may be wrong on that, so please correct me and let us know about valuable POS coins if you know any). So the best way to generate a robust passive income is to hold bitcoins for a longer term like 3-5 years. It will not increase the amount of bitcoins you hold over time, but it will increase in value for sure.

_Dawid_

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Bitcoin is very good source of passive Income, but not only the one.
You will be able to find hundreds of coins which let the owner earn some extra money. You should also look for the coin with masternodes like Solaris which signature campaign i take part. The disadvantage of the masternodes is a fact that you need plenty of its coin to join a party.
So try to safe some now and then in the future buy things like that.

Mpamaegbu

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Once a man, twice a child!

Quote from: Valkyria_Obscura on October 17, 2017, 02:46:23 AM

Hey folks,

I realise that the simplest way to make a profit on crypto at the moment seems to be just buying and holding Bitcoin, but I'm curious if there are any coins or tokens designed specifically to generate ongoing passive income for holding them and if so, how they work?

Appreciate any replies,

Airdrops have been mentioned. That's correct. Some devs do give out some coins from their work for promotion and advert sake. You can sell off these coins once they hit the market or exchange them for bitcoin .

Mining has been.mentioned. That's bullcrap! Mining doesn't give that passive income. It isn't even profitable anymore this day.

But how come no one mentioned coins that are into lending and lockdown programmes like Bitconnect coin and Regalcoin. These coins offer you the opportunity of a true passive income through daily interest paid on your lending investment with them. OP, you may want to google them for more insight.

thend1949

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Quote from: croTek4 on October 17, 2017, 03:32:31 PM

Well, technically speaking, there's no income generation when you buy a cryptocurrency. You buy one coin, no matter how long you wait you will still have 1 coin.
However theses coins can give you access to more coins, depending on what you are speaking. Some cryptocurrencies works with PoS, which means you have to let your wallet run an algorithm and you can get a percentage of your stake in a fixed amount of time (you have to check coin specs' for the actual numbers).

You can also encounter new currencies that distribute the pre-mine depending on how much you were holding another older coin (Bitcoin or Ethereum for example).
Also, you can get free coins if there's a hard fork, as you can then sell the forked coins for some additional main coins. ^^

I believe that passive income mainly involves buy and sell of coins, and of course older coins might pump when you are going to hold it for a long period of time. Not just for bitcoin and ethereum, maybe we could just look into another crypto currencies and those coins that are going to pump might be able to withstand it value for years of fluctuating. As far as I see more coins now were developing their profit gains that's why you won't even notice the price goes up and that really happened on lots of coins in the crypto markets.

J. Cooper

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Alea iacta est

Proof of stake is probably the closest you will get to a passive income. However this requires some kind of initial investment to start 'staking' and receive an interest every so often. Maybe you should check out Diamond coin (DMD), someone recommended it to me but it required quite an investment. An investment I couldn't afford.

croTek4

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the Cat-a-clysm.

Well, technically speaking, there's no income generation when you buy a cryptocurrency. You buy one coin, no matter how long you wait you will still have 1 coin.
However theses coins can give you access to more coins, depending on what you are speaking. Some cryptocurrencies works with PoS, which means you have to let your wallet run an algorithm and you can get a percentage of your stake in a fixed amount of time (you have to check coin specs' for the actual numbers).

You can also encounter new currencies that distribute the pre-mine depending on how much you were holding another older coin (Bitcoin or Ethereum for example).
Also, you can get free coins if there's a hard fork, as you can then sell the forked coins for some additional main coins. ^^

sunsilk

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Quote from: Valkyria_Obscura on October 17, 2017, 02:46:23 AM

Hey folks,

I realise that the simplest way to make a profit on crypto at the moment seems to be just buying and holding Bitcoin, but I'm curious if there are any coins or tokens designed specifically to generate ongoing passive income for holding them and if so, how they work?

Appreciate any replies,

You can mine and trade alt coins. Buying and holding bitcoin is a passive income and it will really give you great profit until the day that you are willing to sell it.

There are some other ways that you can add some passive income by investing to ICOs and also by investing to the bankroll of a casino.

Having a lot of source will give you passive income.

lordquanta

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Quote from: Valkyria_Obscura on October 17, 2017, 02:46:23 AM

Hey folks,

I realise that the simplest way to make a profit on crypto at the moment seems to be just buying and holding Bitcoin, but I'm curious if there are any coins or tokens designed specifically to generate ongoing passive income for holding them and if so, how they work?

Appreciate any replies,

Absolute passive income like rent a house from the bitcoin or alt coins is not possible. Those sites which assures the monthly income or for that matter daily return on your investment are scams.
One big example of such cloud mining scams is bitcoingrowthfund and gainbitcoin. Stay away from them. Somewhat real deal cloud mining sites have return so low that you may want to keep your money somewhere else.
Ongoing passive income is not something coins are designed for. These coins are there to put in use, many of them have actual use case. They don't need to be treated as commodity.

bitgov

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Quote from: Milo_Kidd on October 17, 2017, 04:24:16 AM

Quote from: Valkyria_Obscura on October 17, 2017, 02:46:23 AM

Hey folks,

I realise that the simplest way to make a profit on crypto at the moment seems to be just buying and holding Bitcoin, but I'm curious if there are any coins or tokens designed specifically to generate ongoing passive income for holding them and if so, how they work?

Appreciate any replies,

I think that will be possible on investing your coins to a mining site. I am not sure if theres a passive way to make you proits grow. But maybe you can try on investment method.

I think that instead of holding the coin, it is best to do trading so you can even double your budget as opposed to keeping where it is dependent on the market.

merchantofzeny

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Quote from: mocacinno on October 17, 2017, 03:48:51 AM

you can read up on the POS (proof of stake) algorithm.
It is designed to reward people that hold (stake) a certain amount of altcoins for a certain time.

This way, you can create passive income, however, it's only a limited number of altcoins that use POS, if you pick an altcoin to stake, and you gain 10% in one year, but in the same time, the altcoin's price goes down 50%, you end up with more altcoins but with less actual value.

I'm quite noobish when it comes to this and have only really held bitcoins. Looks like it would be much safer to hold bitcoins rather than alts? I had a bad experience with Ripple before and I was wondering if that's the norm with hold and trading alts.

BillyBobZorton

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Quote from: Valkyria_Obscura on October 17, 2017, 02:46:23 AM

Hey folks,

I realise that the simplest way to make a profit on crypto at the moment seems to be just buying and holding Bitcoin, but I'm curious if there are any coins or tokens designed specifically to generate ongoing passive income for holding them and if so, how they work?

Appreciate any replies,

Only ways that I know of making passive income with bitcoin:

1) Getting your Bitcoins in an exchange that pays for loans, like Poloniex. This is high risk because you are just hoping that the exchange doesn't leave with your money, but it's very tempting since it is as close as passive income as it gets that I know of.

2) Holding BTC and waiting for forks to happen. You receive free coins that you can dump for real BTC.

3) Opening a Lightning Network hub: This is not available yet but will be similar to PoS but for BTC.

d.mas

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Having a passive income is always a good option the burden of expenses is less on the income and you are able to save more.

Bitcoins is the good option to generate a passive income,buy the coins and hold it for some time and you will get a good return as the cryptocurrency market is rising, bitcoins market has over powered the value of the Goldman sachs this market is rising and will keep on rising.
Invest in bitcoins you want to see your money to grow.

TTITA

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Quote from: Lancusters on October 17, 2017, 05:50:09 AM

Quote from: mocacinno on October 17, 2017, 03:48:51 AM

you can read up on the POS (proof of stake) algorithm.
It is designed to reward people that hold (stake) a certain amount of altcoins for a certain time.

This way, you can create passive income, however, it's only a limited number of altcoins that use POS, if you pick an altcoin to stake, and you gain 10% in one year, but in the same time, the altcoin's price goes down 50%, you end up with more altcoins but with less actual value.

You probably mean the Ethereum. In these coins the developers laid down the mechanism of inflation. POS is an attempt to stop this process but I'm sure it's a ticking time bomb. When it explodes all will suffer who keeps ETH. I do not recommend long to keep money in altcoins.

as altcoins are affected by pumps.
so it is risky investment for long period, but yes anything investment having risky.
never spend money on where you not ready to losing.

eternalgloom

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Quote from: ask on October 17, 2017, 06:34:12 AM

There is no actual passive income in online business models.
You need at least work few hours a day to get paid.

That's a very short sighted answer and completely incorrect, you have numerous forms of online passive income.

Investing in a gambling site is definitely passive income, I'd even say that income earned through referrals is also somewhat passive.

Buying coins and waiting for them to increase in value over the long term is passive.

You could also invest in running a masternode, but it's pretty expensive, at least if you want a Dash masternode.
I'll post a few links.

https://steemit.com/masternode/@geodesix/masternode-passive-income-for-all
https://themerkle.com/running-a-masternode-is-an-excellent-way-to-earn-passive-income/

AjithBtc

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Vave.com - Crypto Casino

Buying and holding bitcoin is surely the best way to generate a better earning, but here all that's required is the patience to hold. Because in between price fluctuations take place, during which one should not get into the panicking mentality but need to overcome the same. When one can do it, profiting or getting a passive income is promised.

audaciousbeing

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Quote from: Valkyria_Obscura on October 17, 2017, 02:46:23 AM

Hey folks,

I realise that the simplest way to make a profit on crypto at the moment seems to be just buying and holding Bitcoin, but I'm curious if there are any coins or tokens designed specifically to generate ongoing passive income for holding them and if so, how they work?

Appreciate any replies,

When it comes to token, its quite risky compared to bitcoin holding. I will suggest that only those ones with ICO running are the best option in my own opinion because those ones, when you invest early, you get to enjoy the bonus which will suffice in case there is drop in its price compared to holding the already launched ones whose value is mostly determined by pump and dump scenarios.

However, in deciding which one to hold, there is need for you to fully understand what it is about and not carried away by the reviews or articles that abound over the web. This are mostly paid write-ups which might not be factual and even be objective because of the payment that would be involved between the promoters/developers and the writers. Your own due diligence is a priority.

ask

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There is no actual passive income in online business models.
You need at least work few hours a day to get paid.

mocacinno

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https://merel.mobi => buy facemasks with BTC/LTC

Quote from: Lancusters on October 17, 2017, 05:50:09 AM

Quote from: mocacinno on October 17, 2017, 03:48:51 AM

you can read up on the POS (proof of stake) algorithm.
It is designed to reward people that hold (stake) a certain amount of altcoins for a certain time.

This way, you can create passive income, however, it's only a limited number of altcoins that use POS, if you pick an altcoin to stake, and you gain 10% in one year, but in the same time, the altcoin's price goes down 50%, you end up with more altcoins but with less actual value.

You probably mean the Ethereum. In these coins the developers laid down the mechanism of inflation. POS is an attempt to stop this process but I'm sure it's a ticking time bomb. When it explodes all will suffer who keeps ETH. I do not recommend long to keep money in altcoins.

I defenately wasn't thinking about ethereum... There are a couple dozen coins that use POS as their algorithm. Examples are Diamonds, blackcoin, Magicoin,...
I don't really follow altcoin development, but ethereum switching from POW to POS is something i haven't heared (yet).

okae

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northern exposure

Quote from: nomad1109 on October 17, 2017, 04:39:19 AM

I guess mining is what you're looking for. Ark has a voting system where they give out new coins every week, so that also might be useful. The profits will still depend on the value of the coin tho.

Mining nowadays is not like a passive income anymore at least from my point of view, you need to change of pools constantly because you may want to mine another coin that is profitable now etc etc...so in the end you will need to investigate what coin is profitable now, what pool to use now...well obviously this is different than mining btc, but i don't think that this is our case Wink

Lancusters

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Quote from: mocacinno on October 17, 2017, 03:48:51 AM

you can read up on the POS (proof of stake) algorithm.
It is designed to reward people that hold (stake) a certain amount of altcoins for a certain time.

This way, you can create passive income, however, it's only a limited number of altcoins that use POS, if you pick an altcoin to stake, and you gain 10% in one year, but in the same time, the altcoin's price goes down 50%, you end up with more altcoins but with less actual value.

You probably mean the Ethereum. In these coins the developers laid down the mechanism of inflation. POS is an attempt to stop this process but I'm sure it's a ticking time bomb. When it explodes all will suffer who keeps ETH. I do not recommend long to keep money in altcoins.

Topic: Generating Passive Income - page 12. (Read 3395 times)