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,
It's true, however, since you can earn passive income, why not earn more income instead of waiting for your passive income. There's a lot of ways t earn bitcoin, you can join signature campaigns, trade and a lot more. It's good that people were able to discover bitcoin.
theres a lot of ways to earn bitcoin, thru mining, invest or trade in a exchange and join in a signature campaigns. people all over the world is now curious how bitcoin works. they cannot ignore the fact that bitcoin is make millions of people to have opportunities to make millions of dollars or a passive income.. but as the billionaires said you cannot rely in 1 stream of income only. just an advice for us, dont rely on bitcoin only. theres a plenty option to have a passive income and we need to make multiple streams of income so that all our money will works for us not people works for money.. you can invest in real estates, invest or trade in stocks, create your own business and so on .. so we need to find also our passion
Often in passive income, you have to commit the time and energy up front. you need to build the machinery before the machine can work without your assistance. The income is lagged.
Passive income is also important for the financial security it can offer. Although you might take a risk when first establishing it, if it proves to be a steady flow, it offers great security because it’s not connected to your time. So, for example, if your spouse gets sick or if you can’t work, the idea is you’ll still be earning passive income to pay those never-ending bills.
so passive income, like all income, is still limited by your current worth. it takes money to make money people, and small money doesnt have the chops to attract bigger money to it.
Seem to me like you need to establish active streams first, just so you can fish in the passive ones