Topic: How to invest 8k for passive income. (Read 444 times)
For the technique, just use filing and see where the price swings in the market will lead. The dominant of several methods that are practiced and the simplest is buy low and sell high and set the duration only per week if you can afford it, but if you tend to like taking risks, set it for 4 hours, not more. happy trading my Friend.
I have 8k worth of crypto how to invest
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
There is no correlation in your explanation. You have $8k worth of crypto, probably usdt and you are looking for passive income but I'm afraid to tell you that the only passive income you will get in crypto is nothing but pure scam, if you are not careful enough, you will lose that $8k and be worthless at the end, so be careful with the choice of income you are looking about.
I'm not sure why you tried futures trading when you can do that on spot trading. What you need to do is to locate the most liquid trade on exchange, like for instance the last 2 weeks has been Solana, it's has been pumping greatly. You can simply hop into this trades and make something good without any leverage or split the capital into 1/3 and trade with it, you will be able to make $10 dollar easily a day and with consistency, you will be able to make more.
I think staking is a safe investment, but if you want a passive income of 10-20$ per day with 8k capital it is very difficult, for daily trading alone it might be difficult now if you don't choose the right coin
I would be very careful about staking, because these are altcoins, they have always been unstable. But it a very interesting and tempting method, before staking, you need to study everything in detail. Understanding the specific coin can help mitigate potential pitfalls. I have 8k worth of crypto how to invest
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
If that is your target, I would recommend you to go with grid trading as that would be able to deliver you safely.
I'd not call a coin, choose the one you believe in. Put the lowest price in last 6 months the grids lower price and it's all time high as highest. When the price stays in between, you'd have a profit. If the price goes below grid, you would have got the coin you liked for a cheap price and if it goes above, you are already in a good profit.
Of the grid bots I'm running, the best one is yielding me 1% a day over a month now. And with the profit, I could adjust my poorly performing bots.
Every passive income offers come with high risks in crypto market, because you have to trust your coins to a third party platform which will take care of your money. Therefore, it implies a risk of being scammed by the platform.
If even aware about it, you still want to invest, keep in mind that most reasonable offers stay around 4% annual interest, what means you are never going to make 20$ a day by investing 8000$. You need a much larger budget to make the amount of money you are aiming.
In every cases, you can just hold your 8000$ in BTC currency inside a hardware wallet you have total control over the keys. Next, wait for the next increasement in BTC price, sell your holdings and enjoy your profit. Possibly you are going to make much more than 4% yearly this way, while having total control over your funds all the time.
If even aware about it, you still want to invest, keep in mind that most reasonable offers stay around 4% annual interest, what means you are never going to make 20$ a day by investing 8000$. You need a much larger budget to make the amount of money you are aiming.
In every cases, you can just hold your 8000$ in BTC currency inside a hardware wallet you have total control over the keys. Next, wait for the next increasement in BTC price, sell your holdings and enjoy your profit. Possibly you are going to make much more than 4% yearly this way, while having total control over your funds all the time.
I have 8k worth of crypto how to invest
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
Instead of trading futures you can go for spot trading which will reduce the risk.
You can also start staking your coins but you know how volatile the market is.
You can lend but even that has a higher risk. All of these will yield you passive income.
I think staking is a safe investment, but if you want a passive income of 10-20$ per day with 8k capital it is very difficult, for daily trading alone it might be difficult now if you don't choose the right coin
Passive income if you set a daily target is very difficult and very possible, but the opportunity is there, but in my opinion you will not be able to meet this target because if you trade quickly in a matter of hours and days, you need maximum supervision and timing because of the market it always changes up and down all the time, but this is just my theory and I have not put it into practice and my experience is only investing long term to take advantage of bearish and bull seasons
I have 8k worth of crypto how to invest
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
Earning that much everyday is quite impossible because even in staking you can have that kind of profit everyday not unless you hold millions of money. This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
What you can do with that is just hold it until you make a good profit and try to multiply that $10-$20 per day for the possible profit that you can get when you set your target price. Think long term and invest with good project, this is the best thing that you can do if you are a passive investors.
I have 8k worth of crypto how to invest
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
New traders shouldn't trying first time in future trading, It's risky even for experienced traders, you didn't analyze before started it. Spot trading is low risky and beginners can This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
start with small amount. 8k$ is big amount but no safe method to earn per day 10$ or 20$. Buy Bitcoin and hold long term it's the best method.
I have 8k worth of crypto how to invest
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
Providing liquidity in any lending protocol can manage you get good interest. I saw in AAVE their stable coin interest sometimes goes up to 12% which is pretty decent. Though this interest won't be stable, you will get it at around 5% most of the time. You can also provide liquidity in any early project that is trending in the market like BLUR. Its price goes up dramatically due to its potential airdrop from its L2 network BLAST. Its trading volume in dex also increased. Even some centralized exchange provide high APR for early project to lock up stablecoin or other major alts. This can be risky but if you can take calculated measure it can be profitable for you.
Spreading the fund to differ investment would be profitable than just leaving it on a single investment.
Future trading is a high risk thing, indeed we can get amazing results, but on the other hand, our chances of losing are also very large. This is different when we try to trade on the spot market by choosing coins that already have a lot of market cap, not new ones, because new coins may not necessarily be able to rise again and be accepted by the market. So, it really needs to be paid attention to.
Actually, if you do it regularly, just try to learn a few things about trading short term daily on the spot market, but not futures. However, of course this won't be easy because you also have to analyze the possibility that the coin will rise again in a few hours. This is of course also risky because there is no 100% strong analysis. So, everything definitely has risks. If not, just focus on Bitcoin and do long term holding.
Futures trading is more dangerous than gambling. Those who entered into futures trading lost money. Losing money in futures trading loses all their life's earnings. Also you mentioned about trading that a person can never succeed in trading if he doesn't have enough trading knowledge. So if a person wants to earn money holding bitcoins, then the bitcoins should be held for long term. If held long term his average profit from investment day to success will be 20 to 50+ dollars. I do not accept any currency other than Bitcoin for investment. Actually, if you do it regularly, just try to learn a few things about trading short term daily on the spot market, but not futures. However, of course this won't be easy because you also have to analyze the possibility that the coin will rise again in a few hours. This is of course also risky because there is no 100% strong analysis. So, everything definitely has risks. If not, just focus on Bitcoin and do long term holding.
Why are you fixed on earning daily income? To me, daily income earning will lead you to ponzi scheme. I have been involved in a lot of them and it always end in tears.
If I were in your shoes, I will convert all that funds to Bitcoin and make easy money after few years. Since the money is already in frypto, it is obvious you don't have urgent need if it.... so convert everything to Bitcoin and save them in a wallet you control the private keys.
Exactly my thoughts. He got a very good capital and he would earn more if he is not so fixed to daily returns. If for instance he buys bitcoin now and by next week bitcoin gets to 40k, he will have pretty good profits. This is not an investment advice and I am not saying now is the best time to buy bitcoin as I do not honestly know bitcoin's next move from here on a short term but I know on a long term.If I were in your shoes, I will convert all that funds to Bitcoin and make easy money after few years. Since the money is already in frypto, it is obvious you don't have urgent need if it.... so convert everything to Bitcoin and save them in a wallet you control the private keys.
If I may advice, it would be nice that you establish an offline business that will be giving you daily return and aboit crypto, concentrate on the long run so that you will not blow your capital in future trading.
I have 8k worth of crypto how to invest
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
Providing liquidity in any lending protocol can manage you get good interest. I saw in AAVE their stable coin interest sometimes goes up to 12% which is pretty decent. Though this interest won't be stable, you will get it at around 5% most of the time. You can also provide liquidity in any early project that is trending in the market like BLUR. Its price goes up dramatically due to its potential airdrop from its L2 network BLAST. Its trading volume in dex also increased. Even some centralized exchange provide high APR for early project to lock up stablecoin or other major alts. This can be risky but if you can take calculated measure it can be profitable for you.
Be careful because many irresponsible individuals offer passive income or daily income but have to make a deposit first. If you find something like this, you should be alert because it is most likely a scam. I suggest you just invest in bitcoin (if you don't want to invest in altcoins) because bitcoin is the most popular cryptocurrency and the risk is relatively lower. if you invest $8k now in bitcoin maybe when the bullish comes it will increase to $25k or more.
I advise you to invest all your money in Bitcoin, because from the existing graph, you can see that the increase in the price of Bitcoin in 1 year is 128%, so if you invest in Bitcoin with capital of $8k, then you will get a profit of $10,240 and that is the same just like you get a daily profit of $28 (according to what you want), that's why I suggest you to invest in Bitcoin and now it's not too late for you to invest in Bitcoin, because the price of Bitcoin will continue to increase every year.
Your advice is appreciated because there is a risk related to every other coin instead of bitcoin so whenever you want to get 10 percent of profit then choose bitcoin. But in the case of bitcoin you cannot get daily reward but you will get annual reward as the price changes regularly on annual basis. bitcoin from the past years suggests that as growth of time occurs so the growth of bitcoin increases too.
May be you use little or more percentage of money into crypto but if you choose bitcoin as an investment opportunity then you will see that how this little percentage turn into larger sum. With bitcoin you have to be patience as wait is the only thing that enables you to get what you deserve.
I have 8k worth of crypto how to invest
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
I advise you to invest all your money in Bitcoin, because from the existing graph, you can see that the increase in the price of Bitcoin in 1 year is 128%, so if you invest in Bitcoin with capital of $8k, then you will get a profit of $10,240 and that is the same just like you get a daily profit of $28 (according to what you want), that's why I suggest you to invest in Bitcoin and now it's not too late for you to invest in Bitcoin, because the price of Bitcoin will continue to increase every year.
Future trading is a high risk thing, indeed we can get amazing results, but on the other hand, our chances of losing are also very large. This is different when we try to trade on the spot market by choosing coins that already have a lot of market cap, not new ones, because new coins may not necessarily be able to rise again and be accepted by the market. So, it really needs to be paid attention to.
Actually, if you do it regularly, just try to learn a few things about trading short term daily on the spot market, but not futures. However, of course this won't be easy because you also have to analyze the possibility that the coin will rise again in a few hours. This is of course also risky because there is no 100% strong analysis. So, everything definitely has risks. If not, just focus on Bitcoin and do long term holding.
Actually, if you do it regularly, just try to learn a few things about trading short term daily on the spot market, but not futures. However, of course this won't be easy because you also have to analyze the possibility that the coin will rise again in a few hours. This is of course also risky because there is no 100% strong analysis. So, everything definitely has risks. If not, just focus on Bitcoin and do long term holding.
Trading isn't safe and if you want to earn with those amounts, you have to take the risk in trading if that's one way you're thinking of gaining some profits.
But I'm not recommending that because you don't know what may happen in the nearest future and what if you need that money. It's fine to get into flexible savings but that's also going to give up the ownership of that crypto you own once you agree with that term of locking it.
1. Staking (Locked staking would provide you with much higher interest)
2. Lending
3. Masternodes/crypto nodes
I think lending is fine but he has to make good decisions there because if he's not into the business, he could go bankrupt easily. As for staking, it's one way to gain some profits but it's not shooting to the amount that he's thinking of earning. That is because usually the low interest on it won't suffice the daily profit that he's thinking to have. Locking your funds on a platform could be as good as it may seem and look to be. 2. Lending
3. Masternodes/crypto nodes
But I'm not recommending that because you don't know what may happen in the nearest future and what if you need that money. It's fine to get into flexible savings but that's also going to give up the ownership of that crypto you own once you agree with that term of locking it.
Actually, there is a lot of opportunity to get a passive income in crypto by doing copy-trading since you don't need to do anything but wait for the profit but very risky. Also, traders nowadays use a bot to trade which is less hassle for them and I think that this is also a passive income. You can also try these to get a passive income
1. Staking (Locked staking would provide you with much higher interest)
2. Lending
3. Masternodes/crypto nodes
Make sure to only stake or lend your 8k to a legit trading platform to avoid losing your hard-earned money.
1. Staking (Locked staking would provide you with much higher interest)
2. Lending
3. Masternodes/crypto nodes
Make sure to only stake or lend your 8k to a legit trading platform to avoid losing your hard-earned money.
Jump to: