Trading is the obvious way to try making money with crypto, but it has risks. Lending might be safer - you loan your crypto to others through platforms that connect borrowers and lenders. The borrowers pay interest that comes back to you. So you earn money without selling anything. Less risk than trading, but still not foolproof.
Im no expert, just thinking out loud about options beyond trading and those you mentioned. Lending could go south too if borrowers default. But handled carefully it generates income from assets you keep. Steady money flows beat volatile value swings. Though I suppose traders seek that volatility, viewing it as opportunity.
Haha there is nothing without risk actually. There'll be low risk probably but I don't really play with loans though. I better stake my tokens or join some airdrops as they are the ones with less risk.. Although one of my friends will love the idea of lending cos he is really involved in all of these.
But thanks for your opinion
I am into launchpools before but I don't think that my tiny spare money will still earn that much.
That's why I have pulled them out of exchanges and it's better to earn nothing from them by just holding it.
If I want to earn, I'd trade and if something is interesting, I'd go there and stake.
Well you don't really lose when you stake it on launch pools, as it's better than keeping it idle, but the choice is yours, and the outcome will depend on your decision.
Ummm, thanks for the heads up about Bitget launchpools. I've been participating quite a bit on Binance launchpools and it used to be pretty decent but right now, it's complete shit due to the heavily dilution that currently plagues their launchpool. I participated in ENA's bybit launchpool and the APR was great. Subsequent Bybit launchpool end up making the user more losses because the rewards are just not enough to compensate for the drop in price. Best is stable coins.
If you have enough capital or plenty of ETH, you might want to use Pendle's PT farms instead to get fixed APYs on your stables or raw ETH.
It's good to explore multiple eaerning opportunities in this space in other not to miss out. though. I've been on Bitget launchpools last month especially PoolX and the APR was decent even though I didn't stake much. You can check it out. ATM asides that I'm farming numerous play to earn games and also considering shark fin due to it's principal guaranteed feature for BTC, eth & USDT.
Alrighty. Since you're the second person in forum suggesting Bitget PoolX, I'm inclined to check it out. Hopefully it would be worth it. Maybe there's still time to have fun there before it gets heavily diluted.
~Snipped
I have participated in crypto staking as well, but no good profit was realized while I still ended up putting my asset at risk.
I am earning from crypto now through trading and also investing and holding for a long time.
I haven't heard about risks of losing asset when staking except you're doing so on a CEX. If you're staking directly on a network, it can't be stolen by the validators you delegate to. The only problem with staking these days is that the drop in value of your asset can be compensated by the staking reward you will earn. Say APY is 10% and price of token drops -40% in the same period, you're -30% short.
Yeah you should. I'm confident you'll find it exciting. And oh with the way poolX is set up. The fun will continue.
I staked there most of times with my USDT and BTC, the thing is not everyone knows it yet, so that's why APR is high. There's a saying, "make the most of it while it's there."
And you know, crypto will be back soon to its bullish state, right now make the most of the rewards you get from launchpools, airdrops, poolx and whatever you do to earn.
