How can i earn a passive income with Altcoins? - page 6.

Yamifoud

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Quote from: dissi_xD on June 05, 2022, 09:58:30 AM

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).

So now i'm on the search for alternatives. What are your ways to generate a passive income with crypto?

Just study and work yourself to learn to trade as this will possibly give you a passive income if you can make it right. As some traders made their way went well in trading, this can be also possible to happen with you OP. It was just a need of time and effort to learn about this stuff but I also remind you that not all have been successful in this field, many had quit. So even though I was suggesting this thing to you, I can't be sure that you will have a good future with this, that certainly relies on your capabilities and adoption.

If ever you fail in trading, then have to take the 2nd option which is investing.

Slow death

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Quote from: dissi_xD on June 05, 2022, 09:58:30 AM

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

Quote from: dissi_xD on June 05, 2022, 09:58:30 AM

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

crzy

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Earning passive income with those exchanges are not that rewarding honestly, since they control everything you can’t expect to earn that much. With decentralized platform, there’s a higher chance of making money here though of course there is always risk for this and you should be ready for this. SOL is my option, though there’s a problem with this network right now but if they are able to solve it, most probably this will still be my choice.

Xal0lex

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I've seen such stories before with crypto.com and I can say that passive income with a centralized exchange is a bad idea. First of all, the exchange can change the terms of service at any time, block funds, require documents and other unpleasant things for crypto users. And second, storing money on a centralized exchange is dangerous. If you want to get passive income, choose decentralized pools for stacking and don't chase high APY, because high APY is always temporary and tends to decrease.

BIT-BENDER

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Well there are many way to this but mind you it doesn’t mean these are sure successful ways, well people can make passive income from Alt-coin by just as simple as holding it, we have some people that are more interested in short term investment and they can do this with Alts, by some when the price rises that pull out, also so can make that passive Income through trading, well this is more popular for those seeking passive income but it isn’t as easy as it sounds. In general to make passive income you have to have the knowledge.

Awaklara

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The most basic is staking or lending on the exchange platform and if you want a large monthly income then you can calculate how much capital you have to spend to get it all, even though doing daily trading can also get a large income but with risk big losses because short-term trading requires a strong mentality and patience to do it and because what you want is only passive income without the possibility of loss then the most appropriate thing you do is staking.

serjent05

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Quote from: Next-door on June 05, 2022, 12:22:48 PM

Trading of altcoin will be the best option to earn passive income from altcoin.Many trusted altcoin like Matic, ADA, Ripple, Litecoin and Ethereum.Most of people had invested in etherem last year and earned huge money from it. They had earned their profit in first quarter of this year.But the current market was bearish.It was best time to buy huge amount of altcoin at half the price. Don't think the altcoin will die by the Economic crisis.When the economic crisis reduced, the price of all the trusted coin will increase double or triple of current price.

Lol, trading is an active income because it involves your action and your time to execute trade orders to be able to profit or gain income.

Quote

Passive income is money from activities where you have no active or direct involvement. These may be investments you have made where you earn money or work you have done in the past that continues to pay dividends even in the present. In short, passive income describes the idea of “making money work for you.”

Staking is the one considered passive income where your investment earned an allocated APY.

Bitstar_coin

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There are platforms that give high apy for staking or farming depending on the amount you invested. Such high apy platforms always have a red flag so you should be very careful with them.
And also some of them give this high apy to attract investors in the beginning, after weeks into staking they will reduce the apy. Other than this type of high apy staking platform, I don't think there is a reputable platform that can give $60/month without investing a reasonable amount.

Next-door

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Trading of altcoin will be the best option to earn passive income from altcoin.Many trusted altcoin like Matic, ADA, Ripple, Litecoin and Ethereum.Most of people had invested in etherem last year and earned huge money from it. They had earned their profit in first quarter of this year.But the current market was bearish.It was best time to buy huge amount of altcoin at half the price. Don't think the altcoin will die by the Economic crisis.When the economic crisis reduced, the price of all the trusted coin will increase double or triple of current price.

wxa7115

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Quote from: ?? on ??

Staking and lending are technically the only answer for your question but it doesn't assure you that it will give a profit in general in long term due to volatility and risk of altcoin price losing its value.

UST a stablecoin collapse despite it has a huge Tera volume backing it so what's more on a mere altcoin that offers passive APY. Right now, I don't really see a legit safe passive income on Altcoin.

This is the way I think as well, to begin with the options to earn some passive income are always limited since a great deal of them eventually turn into a scam.

As an example of this there was a time in which cloud mining was very popular and people promoted this as an option to earn some passive income, and instead the majority lost their investment, and I think something similar about staking, while it may seem without a risk you need to wonder about the very real possibility the coin may collapse, as such it is better to look for ways in which you can earn money by taking the right decisions and actions than to look fir a form of passive income, as the risks of losing all your investment are on the high side.

Raflesia

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Quote from: ?? on ??

Staking and lending are technically the only answer for your question but it doesn't assure you that it will give a profit in general in long term due to volatility and risk of altcoin price losing its value.

UST a stablecoin collapse despite it has a huge Tera volume backing it so what's more on a mere altcoin that offers passive APY. Right now, I don't really see a legit safe passive income on Altcoin.

That's right, UST is a big project with guaranteed support before it collapses too and is of no value now let alone altcoins, I honestly don't believe the value will be stable let alone provide massive income, even I see now projects that offer large APY at launch tokens are very expensive but a few months later the token becomes worthless, so I think the risk faced is very large for altcoins too.

serjent05

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You can try staking services of some centralized exchanges. Binance in particular launches several altcoin staking program. You can check them in this site: https://www.binance.com/en/support/announcement/c-49?navId=49. You can read some particular announce about an altcoin staking program, the yied and lock time period.

Here are an example altcoin staking announcement from Binance.
NEO Staking Special: Enjoy Up to 32.69% APY and Share 730 NEO in Rewards!
REEF Staking Special: Enjoy Up to 119.79% APY and Share 10,400,000 REEF in Rewards!
BSW Staking Exclusive: Stake to Share $407,000 in BSW and Receive Up to 107.59% APY in Digital Asset Rewards!

vv181

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A few things you should do before trying out some suggestion is to consider does the reward outweigh the risk.

Lending on a decentralized exchange or staking are solely depends on the platform or the cryptocurrency itself. I mean there is a risk of the platform getting hacked or just like the Solana network who is regularly getting halted. In another hand, even on a centralized services you still possess those risks. There is no guarantee regarding how safe your funds will be.

Findingnemo

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There are staking website which are legitimate and can give maximum of 8% APY upto $10000 so literally you need to invest 10K to get $80 per month if my mathematical calculation is right. Cheesy

Well, considering the inflation rate around the world right now I will simply go with the HODL option it may not give consistent earning every month but the results are more than your expectations when it goes for years.

popeye95

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Quote from: fuguebtc on June 05, 2022, 10:48:11 AM

Quote from: ?? on ??

Staking and lending are technically the only answer for your question but it doesn't assure you that it will give a profit in general in long term due to volatility and risk of altcoin price losing its value.

UST a stablecoin collapse despite it has a huge Tera volume backing it so what's more on a mere altcoin that offers passive APY. Right now, I don't really see a legit safe passive income on Altcoin.

To be legally safe then the only way is to deposit money in a bank and you will be safe. But with cryptocurrencies, it certainly won't. Along with choosing famous platforms like binance, houbi that are good for staking and lending, to minimize risk as much as possible, you can choose altcoin pairs with moderate APY not too high and no staking term too long.

Even the bank isn't 100% safe, tho. Lowest risk, I agree but if there is high inflation, you lose money even with interest rate. For earning passive income with altcoins, there are high risk and low risk ways. $60 per month is very easy to achieve and relatively low risk in most exchanges with staking. But if you looking for an alternative, I would recommend trying to learn the basics of future trade. You can hit that amount with 2-5x leverage in a few trades.

fuguebtc

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Quote from: ?? on ??

Staking and lending are technically the only answer for your question but it doesn't assure you that it will give a profit in general in long term due to volatility and risk of altcoin price losing its value.

UST a stablecoin collapse despite it has a huge Tera volume backing it so what's more on a mere altcoin that offers passive APY. Right now, I don't really see a legit safe passive income on Altcoin.

To be legally safe then the only way is to deposit money in a bank and you will be safe. But with cryptocurrencies, it certainly won't. Along with choosing famous platforms like binance, houbi that are good for staking and lending, to minimize risk as much as possible, you can choose altcoin pairs with moderate APY not too high and no staking term too long.

GreatArkansas

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There are a lot of ways to earn passive these days even not using centralized entities or centralized exchanges like crypto.com, Binance, etc.
For example, using a decentralized platform like on Solana network, Solend is the best example where you can deposit some altcoins, especially USDT or USDC, and earn some interest, there is also Aave, which is deployed on a different networks like Ethereum, Polygon (MATIC), Avalanche, etc.

devil2man

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The possibilities are almost endless i suggest just some lending on binance or any other large cex or providing liquidity on uniswap or pancakeswap for bsc blockchain or finding the best offers on an aggregator such as 1inch or zapper

dissi_xD

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Quote from: wmaurik on June 05, 2022, 10:05:21 AM

Quote from: dissi_xD on June 05, 2022, 09:58:30 AM

So now i'm on the search for alternatives. What are your ways to generate a passive income with crypto?

I'm just promoting the campaign and doing a bit of trading on a few coins that I deem appropriate on some exchanges because it's a very good way for me at the moment although not very passive income, but I've really enjoyed it for now and will probably continue to I run for the future.
That's all I can do in the crypto space, the rest I only work in the real world as a chicken breeder. Grin

Thanks for your answer

I've never tried trading becaise of the risk to loose all.
But also if i would generate a passive income with crypto i would still going to work since i need some daily routine Undecided

But some extra money is never an error Wink

wmaurik

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Quote from: dissi_xD on June 05, 2022, 09:58:30 AM

So now i'm on the search for alternatives. What are your ways to generate a passive income with crypto?

I'm just promoting the campaign and doing a bit of trading on a few coins that I deem appropriate on some exchanges because it's a very good way for me at the moment although not very passive income, but I've really enjoyed it for now and will probably continue to I run for the future.
That's all I can do in the crypto space, the rest I only work in the real world as a chicken breeder. Grin

Topic: How can i earn a passive income with Altcoins? - page 6. (Read 908 times)