Hi,
i wanted to create a passive income with the crypto.com lending. But they changed their terms, so i would need a lot more money to get the same result as before (with my plan i would get since middle 2025 ~a monthly passive income).
first to be clear:
we are in 2022, right? This means that you have made plans so that in 2025 (3 years from now) you will start to have passive income, we are talking about that you have put your precious money on a website so that in 3 years from now you will start to have passive income. I honestly find it hard to even read what I'm writing, my question:
who guarantee you that in 3 years this site will be working? you can say that before they change their TOS you could have passive income long before 2025, but I think that maybe you will only have that passive income next year, whatever the fact is that the site has an owner and the owner can change the TOS whenever he wants and with that he can make people get hurt, so that's the worst investment anyone could make
my advice:
take your money and invest in real world business, at least you will have 100% control
So now i'm on the search for alternatives. What are your ways to generate a passive income with crypto?
well when you do research just find sites like the one you were on there is nothing good about these passive income sites
My plan was to make a savingsplan and put every month a number of $ on this site, first in the cro-token to get the next card (which whom i would get a better percentage) and later i would put that money in a stablecoin. Then in 3 years i would have saved enough to get a monthly passive income with lending. Sorry if i didn't said this and created confusion, i forgot to say this.
But now they changed their terms and yes, i know, my plan with the interest wasn't written in stone and it could change every time. First from 12% to 8% p.a. but i could've lived with that, since i don't want to quit my work. So i would still get an extra income. But now the 3 stages ruined my plan. I would need a bigger amount for the same result, therefore it would need longer to reach that amount and in the meantime they change it again and i would need again more money...