Topic: How to invest 8k for passive income. - page 2. (Read 444 times)

Why not learn trading and do it on a regular basis through spot trading and do multiple trades in a day wherein even if you are able to earn 0.10% profit per day it's still $8 per day which is not a bad return and considering If you continue doing it for a year without cashing out the return and adding them for trade, then you can earn around 43% to 44% returns annually, though this sounds simple but it required a lot of patience and proper planning and you better create an operating process for yourself like the choice of coin should only to BTC as that's the most standard and it reduces the risk of losing hefty amount and plan like what's the entry point and what's the exit point and the profit which you can earn from that trade including the transaction fee.

This definitely involves risk and also it requires at least 4 hours of your time everyday. We cannot earn returns like $10 everyday without any risk factor.

Greed never led to riches. 180 or even 360 per year is a lot. It seems to me that in the long term it will lead to a loss. Maybe for a few months you can make a profit. But if a coin can give such a profit, then that coin has a huge inflation, which means a large supply in the market. As a result, the price of the coin will constantly fall.

You want to earn $20 to $10 per day from your $8,000 worth of crypto investment, that's just your demand. I think it's almost impossible in a practical sense. If you are willing to trade, first determine an amount per investment that you can be prepared to lose. You want to invest in certain projects according to your own judgment, and your profit margin is an important value. Then Bitcoin investment will be the best way for you. It may take some time, but it can be a stable process that can earn you profits in the long run. Since Bitcoin is the best in the world of crypto, it is better for you to adopt the best approach.

Means you are saying you want $10 to $20 per day. It means you want 180% to 365% per annum. So I think it is not possible. Staking is a safe option but as much you want this is little bit difficult. You should increase investment if you want to earn $10 to $20 per day. More investment you have more income you may generate. At this time I will suggest you should invest in top coins and you will get profit if you HODL. That is you personal decision that how much you can bear if you lose money. After all your investment will be safe if you will choose wisely.

What do you exactly mean when you say safe methods? Is it about securely earning $10 or $20 stabel'y while your $8k capital remains the same? Because apart from that, there is also a risk if you will entrust your capital to someone else. It would be better to just invest in your own or to a wallet where you hold your private keys with you.

The only down side of it is, your capital can fluctuate but there are also times that you can hit your desired profit target or earn more than that, if the fluctuations go in the upward position consistently. Just buy and HODL a Bitcoin if you are not a fan of altcoins but investing in BTC is much better if you won't pull out your profits from time to time.

Been into the system alone is a risk, I've controlled myself from anticipating any gambling relating activities. High stakes brings signals profits but small stakes will accumulates only changes which will settle only for drinks. Laying your hands on profits are the mere ambition of life's but in a situation were we are compressed, into doing the right thing would be brilliant. Trading can save up that amount depending on how good the person in question is. A techincal pro trader can flip any account given to him or her without hesitation, as long one is confident and knows the basic steps to follow.

There is no way where you can make sure sort money. Atleast in the crypto field. Yes you can try staking the cryptos in popular exchanges like Binance and they can give you small interest in return. But I think that won’t be sufficient for long go. You can buy coins and hold them for long term if you want, this won’t give quick and huge profits, but will give sufficient ones. I don’t recommend risking money at high stake for steady returns. Moreover if possible copy trade any big trader, definitely you can make good profit from it.

I do not think that a transaction or passive income involves depositing an amount of money in bitcoin and then recovering some profits, what is done is that if $8k or more is invested, if bitcoin goes up, the investment goes up, It is something logical, it is something that everyone expects, so for me passive income is those that with an investment you obtain income at once, but in the market you can obtain a profit or a negative balance, this depends on how the market is, so Therefore, an investment in Bitcoin can be positive or negative depending on what is available in the market situation. It's whatever it is at the moment

So as long as the risk isn't high enough I honestly don't see this forecast possible, even the stable earnings that come from staking don't matchup to the numbers you looking for....unless you pump in more capital to find a way to get that $20 per day.

Something that I see as a viable business around the forum could be the loan business but this takes time to know how to loan out, who to loan out, what venting process to use to avoid bad debts on the book otherwise that $8K around here can go a long way to archive you ROI per day...

Op You can definitely invest $10 to $20 weekly or monthly in bitcoins. You can count on Bitcoin in the future as 2024 Bitcoin Halbing predicts.  So if you invest for long term then you will definitely get benefit as long term investment in Bitcoin is very less risk. And you must have the ability to take risk in the beginning so that you can succeed in investing.

To learn more, visit this link to learn more about how to invest in Bitcoin.: https://bitcointalksearch.org/topic/buy-the-dip-and-hodl-5132720

I think that to get regular income out of investments, one needs to be a trader. But not just a trader, a good trader. It's risky, and it's hardly passive. But if you have $8k in cryptos, I think simply putting it all into Bitcoin (because altcoins are way riskier) and waiting for, like, a year (maybe more, maybe less) is a simple plan. That sort of long-term investment is passive (you don't need to do anything with it), and while it's not $10 daily, it can add up to a nice profit once Bitcoin recovers. Of course, there's zero guarantee that Bitcoin will actually recover, but it's a reasonable expectation, considering that it has done it many times before.

First of all I want to say that if you are new at trading and don't know much about analysis then my suggestion will be for you don't go for short term trading and also don't fall in future trading. You have already mention that you have faced loss on future trading. You have also mention that you don't wanna invest on alternative coins I think that's a good idea. When investing in alt coins there will be always a question on the secureness.
In this case you can invest on Bitcoin but there will be also the risk will remain if you wanna get from a passive profit from this fund. Because in term of Bitcoin if you wanna do short term trading then you must have enough knowledge about technical analysis then I think you can get a good passive income without facing loss. But if you have don't know about technical analysis then I will say that put the money in Bitcoin for long term if the fund is Idle. 

You can invest them on Bitcoin, ETH, BNB or TRX They are the safest investment among crypto coins but they cannot give you a passive income. Crypto Invest never offers passive income. But if you hold them long term you can get a good profit

Earning $10-20 per day by investing $8k is possible and very easy.  But in this case you have to trade.  But if you do long term investment instead of trying for daily income then I think it will give you better results.

Future trading is very risky from here you can lose your entire fund if you use leverage. So always avoid future trading

if you want to invest in crypto but not altcoins then just focus on bitcoin

Don't look for passive income, if you already have this 8k in Bitcoin you are in safer hands compare to other digital currencies out there, you can make 10x of this money by 2025 but you need another source of income and I get it, my question is how did you make this 8k in the first place? I will advice you to go back and keep making more money from there and keep living your life as if nothing interesting is happening, endure all the pain and stress of work till 2025, it's not that far away anymore and I believe by the third quarter of next year Bitcoin will already be skyrocketing.

What people can't do is having patience for a long term, they always get tired on the long run when the wait is almost over, I don't recommend buying Bitcoin miners, because it costs to run them too, your electricity bill must be lower for your mining operation to be profitable.

Holding Bitcoin at this stage of time is going to be way more profitable than starting to mine right now, also miners comes with few disadvantages, what happens if something breaks in the miner? You will have to spend more to get it fix, it also depend on the user, are you familiar with any crypto miner in the past? Can you monitor the miner very closely at home? Do you work miles away from your home? There are other things to put into account before making this decision.

Why do you all suggest trading as a passive investment? Trading is anything but a passive source of income, because it requires a certain skill and requires daily engagement, following signals, etc... Also, here the risk can be very high and a couple of wrong positions will bring loss and return to the beginning.

As a passive investment, the first thing that comes to mind is to buy Bitcoin and hold it for a long period.

With $8k you also can start or buy a startup business online, where you will only improve it over time or pay someone to do it for you. It's not completely passive either, but a modest profit doesn't have to require a lot of commitment.

LOL, you are so greedy OP. Having initial capital is an advantage for you over others but that does not mean you will be able to make money passively with this market. This market does not offer risk-free methods of generating passive income. If you are willing to lose 8 thousand dollars in exchange for passive income, you can stake on centralized platforms. I think there will be some platforms that can offer the APY you want but in return you can also lose that $8k at any time. That's the price you need to trade if you don't want to work but want to make money quickly and passively.

Future trading is not for all and does not give you the profits just once time you may repeat the future trading and then get some profits but remember future trading is very risky and there is a huge chance of Losing your whole funds. 8k is a big fund and you want 10 to 20$ per day profits which makes 40% I think per year and I think is difficult to use the save method but maybe in future trading you can do it but yeah it's again very risky and the chances of Lossing money is high. Another way is not to convert your fund from crypto to Bitcoin as it is safe and gives high profits and the halving and bullish runs coming near if you invest it and hold it for some time then it will make huge profits after some time.

Investing in crypto comes with a risk. Even with 8k worth of investment, targeting a passive income even a small amount will be hard. Unless you do trading, but then as you have mentioned, you're not quite fit to trade. Trading requires knowledge and experience to at least earn a passive income.

If you are aiming for an investment, there's no guarantee for you to earn a passive income, it all comes with a risk if it's an investment in crypto. Also, it will take time to earn. Only scam investment offers a passive income daily on investments.

Passive income? Dude, there is no way to have a passive income that involves bitcoin unless you will let other trades trade your capital; that's some way to earn using passive income. But you can actually buy and "buy" bitcoin by staking or holding,but it still requires you to buy bitcoin by holding, and in staking, you need a portion of your bitcoin to be staked; you just need to find a legitimate platform that offers those services.

Oh, you can also do bitcoin mining. You could use your funds to buy mining kits, such as graphic cards and PC components. In summary, you still need to buy something to have a passive income. I personally do the three passive incomes I've mentioned because I get to earn while I'm just letting my assets sit on a platform, especially trading, which is my side hustle. anyway its up to you want passive income you will choose.

Investment if is planned with good approach, would be long term. Good investment can help an investor to make a fortune and part of it can be their passive income when they cash out. However, to gain considerable profit, an investor usually must hold their invested assets long enough so taking profit regularly to have passive income is not a good idea. By taking profit, small part of your investment like this, you will never make a fortune with an investment.

I only take profit when I get like x2 or x3 of my initial capital, and I feel a necessary reason to take profit partially to get my initial capital.