Generating Passive Income - page 6. | Bitcointalksearch.org

Chrystora123

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Omicron is another FUD

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

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?

there really is no guarantee that the coin you have invested gives you a passive income,
and if it gives you the advantage of luck one of the big ones.....

andrei56

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Quote from: alisafidel58 on October 30, 2017, 11:16:21 PM

You are right holding bitcoin is the easiest way for generating passive income but i dont think there will be other alt coin that can do that.
At the current rate of other coin is going on the market you may seem to profit but just a few dollars unlike just being focus on bitcoin.

The only problem is that if you have one bitcoin it does not matter if the price goes up or down you still have one bitcoin nothing has changed so if you want to increase the amount of bitcoin you have, you will have no other option but to trade or to lend your bitcoin.

Yamifoud

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Quote from: Fulmand on October 31, 2017, 08:50:10 AM

Quote from: Ewinsane on October 31, 2017, 08:16:01 AM

Quote from: lili song on October 30, 2017, 11:11:20 PM

You can invest in bitcoin for passive income. But better invest for a long time.
If you have a more money saving in bank, you can try invest bitcoin for your future.

Bitcoin is good, and by just funding your wallet it can be an investment. But if you’re going to rely on waiting for increase before you make some earnings, then it’s a waste of time. This doesn’t work all the time, it will only happen occasionally, so you have to wait if that’s what you want to be doing. I will prefer working and gaining what you need through other means like signature campaign.

To have passive income you must prepare into bitcoin in two strategy option of buying and holding because it was surely it can generate passive income on that. Just making sure you have extra effort of patient and exact time on monitoring the price value of bitcoin to have a perfect time in generating income.

Holding your bitcoins doesn't give you a passive income and it doesn't make your money to multiply. Working your money beyond holding just like trading might give you more profit.
And talking about passive coins, it can be hardly to find since all of this are very vulnerable for changes anytime. Only we have to do is to give trust and be positive to generate profit from of what coin we have now.

Valkyria_Obscura

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Wow, I was not expecting this post to take off this hard. Thanks for all the replies guys, has been enlightening.

Bezobraznike

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Quote from: jaysabi on November 04, 2017, 01:57:48 PM

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.

Theoretically, the POS interest you receive should make up for the inflationary loss of the value due to an increasing number of coins. Whether it's POS or POW, inflationary increases in the number of coins should decrease the value of the coin over time, UNLESS demand for the coins rises faster than the inflation. But viewing the PoS interest as free money doesn't make economic sense. Over long periods of time, it the total value of your holdings should be constant, even if you had more coins than before as the coins are worth less due to inflation.

Jaysabi your comment is very good, that is something that holds me back from investing in some POS alt-coins. Some
people have nice income from POS alt-coins. I know that decision is on us but I would like to hear do you recommend
any POS alt-coin, or you think that its not worth the time and money? I could not understand from your comment
what do you recommend others to do.
I am reading about POS/POW alt-coins for some time and they looks like good investment and with good amount
this POS/POW alt-coins can generate nice monthly income. It is hard to choose right one!

jaysabi

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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.

Theoretically, the POS interest you receive should make up for the inflationary loss of the value due to an increasing number of coins. Whether it's POS or POW, inflationary increases in the number of coins should decrease the value of the coin over time, UNLESS demand for the coins rises faster than the inflation. But viewing the PoS interest as free money doesn't make economic sense. Over long periods of time, it the total value of your holdings should be constant, even if you had more coins than before as the coins are worth less due to inflation.

balanghai

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Quote from: Redanim on November 04, 2017, 12:37:27 PM

You can also deal with bitcoin mining or other cryptocurrencies, but for mining you will certainly have to spend a lot of money. And besides bitcoin you also need monitoring stable cryptocurrencies such as etherium, litecoin, ripple, monero or other cryptocurrencies, at the moment, of course, there is nothing better than bitcoin.

Mining is not worth for try at the moment , IMO
I'm usually earn passive income from my speech on local forum since I've been trust as a speaker for bitcoin so yeah.. there is a lot way to earn bitcoin without spending too much expense

trinhdinhthang20007

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Quote from: StephenJH on November 04, 2017, 01:09:46 PM

Passive income can be used for retirement or for any other purpose if you can collect them smartly. I mainly avoid from using hype projects which promise daily or weekly gains after some time. Better make your own research and decide by yourself.

For me, I always pursue a project that serves the community, I build it, develop it so that when strong enough it serves me. I have a plan and a strategy to do it, it's great to be doing things that I'm passionate about with my own decisions.

keenjester

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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,

Yes it is of course, but the thing is your profit will be less than investing in another ICO or surfing with Bitcoin's price. Buy it at low price and sell at high price. So with the same capital but you will earn more if you're doing that.

ettessuta

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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,

If you have extra bitcoins try to use POS will make high price (if you have Big amount of Bitcoins)

other wise get trust and make your own exchange site

StephenJH

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Passive income can be used for retirement or for any other purpose if you can collect them smartly. I mainly avoid from using hype projects which promise daily or weekly gains after some time. Better make your own research and decide by yourself.

trinhdinhthang20007

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Quote from: killerfrost on November 04, 2017, 12:55:29 PM

I believe that if you invest in Bitcoin or any other large amount of Altcoin that can help you make money without doing anything else, let's say it is passive income. However, everything has the downside of it, maybe you will lose money when investing or not profitable in the long run. So I do not encourage this to happen frequently, you still need a stable job

In my opinion, investment is not a passive income. Auto income is built on solid systems and automatically generates profits. It requires the preparation of the system, such as a high-value, long-term famous book.

killerfrost

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I believe that if you invest in Bitcoin or any other large amount of Altcoin that can help you make money without doing anything else, let's say it is passive income. However, everything has the downside of it, maybe you will lose money when investing or not profitable in the long run. So I do not encourage this to happen frequently, you still need a stable job

trinhdinhthang20007

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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.

I agree with this view, I invest in altcoin and daily analysis to increase my BTC.

Redanim

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You can also deal with bitcoin mining or other cryptocurrencies, but for mining you will certainly have to spend a lot of money. And besides bitcoin you also need monitoring stable cryptocurrencies such as etherium, litecoin, ripple, monero or other cryptocurrencies, at the moment, of course, there is nothing better than bitcoin.

bitofc

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ASIC mining for BTC, LTC, or DASH
GPU mining for many alt coins.

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DASH, and NEM.
soon for Zcoin (XZC) and SYS.

prtty2gal2

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Quote from: lordquanta on October 31, 2017, 05:58:31 AM

Quote from: alisafidel58 on October 30, 2017, 11:16:21 PM

You are right holding bitcoin is the easiest way for generating passive income but i dont think there will be other alt coin that can do that.
At the current rate of other coin is going on the market you may seem to profit but just a few dollars unlike just being focus on bitcoin.

I don't understand if someone is hodling the Bitcoin then how is a passive income generating from it. Passive income is something person gets on monthly, weekly basis without working actively for it. If you are hodling bitcoin for long then it is called as investment which will give you returns when you decide to sell them. Till that selling time, those bitcoins are not going to earn a penny for you. Their price or valuation will increase over the period of time. However increase of that price is not a passive income. that In order to generate some income person need to cash out the profit without touching the base amount. Passive income is Like to put a house on rent to someone is passive income for landlord. Now compare the renting a house to holding bicoin, you are getting monthly rent on regular basis. However you are not getting any regular income from the bitcoin. Only benefit with hodling bitcoin is that in the long run the return will be huge.

I thought I was the only one reading all those. Passive is more like something that you get more often and holding bitcoin is more like an investment for the long time. Generating passive income is not something that can be achieved with holding bitcoin. unless most people do not really understand what passive and most especially income means.

Income is like salary, pay or earnings from a particular thing you do and it is something that requires some work on your part. For example, trading, writing articles, managing campaigns, joining signature campaigns, handling a project etc are some of the things that are considered as passive income generators. Holding from an investment is totally a different ball game.

richardsNY

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Quote from: andrei56 on October 31, 2017, 03:55:50 PM

Proof of stake is one of the easiest ways to make some passive income

It looks like so from a simple perspective, but what's this 'income' worth when it means that there are constantly more and more coins getting pumped into circulation? In easy terms, you gain a certain percentage annually, but you also have to accept that in the long term, the exchange rate is only going down as result of that. I always avoid coins with basically an infinite number of supply, because it can never end well in terms of holding long term value. But then again, since most people here only care about short term investments, the afore mentioned won't be that much of a problem I guess.

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Quote from: lili song on October 30, 2017, 11:11:20 PM

You can invest in bitcoin for passive income. But better invest for a long time.
If you have a more money saving in bank, you can try invest bitcoin for your future.

Apart from even holding for a long time, there are so many things one can do to earn passively. Definitely, you can save and watch it grow but how about watching even the amount of the bitcoin you have grow. I simply like the sound of that more anyway, so it is best you look for skills you can offer on the forum or on freelance sites and get to work. they pay, you do not have to use the whole day and once you complete your gis, you get paid.

andrei56

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Quote from: jjdub7 on October 30, 2017, 04:55:57 PM

I know two 'methods' for passive income in crypto world:

1. Investing in casino bankrolls

2. Buying and holding POS currencies. There are few good around but the real deal will become in few month when ETH switch to POS.

Proof of stake is one of the easiest ways to make some passive income but you need to have a lot of money already invested in the coin and finally investing in casino bankrolls are a great idea but at the same time more and more casinos are choosing to create their own coins.

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