Topic: How to invest 8k for passive income. - page 3. (Read 444 times)

You’re not going to get passive income with an $8000 investment. You are here on a bitcoin forum so you are clearly at least slightly interested in cryptocurrency. Just buy bitcoin & be patient for many years. It’s boring & not what you want to hear but you will beat pretty much every other investment class over long term.

Even if you have a fairly large capital of $8k, finding a consistent income of $20 per day will be difficult, because that's the same as 8% per month and that's a big presentation because most investments only provide profits of 10% per year.

I don't have a good idea about this, but one way that might be done is to provide capital to someone to sell food on the side of the road. Usually selling food can generate a profit of around 30-50%. However, this is also quite risky because it is difficult to find delicious food recipes, strategic location, and takes time to get customers.

To be honest, it is very difficult to get daily profits from investments because most investments provide annual profits and the amounts are not very large, around 10% per year.

I would run away from any passive income that's high yield, it's possible you will double or make more money if you risk it but you can also lose everything.

This is a big problem among crypto investors today, they want a way that they can keep making some little amount of money using their crypto bag, this have made a lot of people lose money to staking rewards, as most of the Pos projects turned into scam after a year or two of operating.

For anyone in this tight situation, you are doing it wrong,  what you should have done is to hold your Bitcoin and get a job, you can't become a successful investors in crypto if you don't have a way of making money even if it's very little, so that you can take good care of yourself before the next bull market is here.

I don't do staking and I don't hunt for passive income through crypto, you can miss out on pumps while you are still staking your coins, and the project can even turn scan when you are still staking, buy and hold bitcoin and keep going to work for your monthly payments, survive into 2025 and get your result.

If it's Bitcoin, just be patient....

I tried to "invest" 2k worth of bitcoin long time ago, to get $X per day and I was burned, because as it turns out, there is no such thing as an investment platform that gives you that kind of money.

All kinds of speculative investments are risky and that is how the profit is created in the first place... because it goes up AND down.

Investing the entire $8k in bitcoin is something I would definitely do if I had that kind of money. But what OP is looking for here is that he is looking for daily passive income. So I think bitcoin or any altcoin cannot meet his requirements. $20 per day with a capital of $8k, equivalent to an interest rate of about 50%/year, that is truly a huge interest rate that anyone would be jealous of. It seems that the OP is quite greedy for both wanting a safe solution and wanting to receive such high profits. With that request from him, I think investing or trading is not suitable for him.

It's kind of funny that you sound like you're desperate to earn money that you even created a thread like this here.
Maybe the reason is you lost huge amount of money doing futures trading. You lost your money trading, and that's why you're here. You're here to ask for a quick way to earn as high as 20$ per day, and take note that in a safe way.

The safest way that I can see to earn on a daily basis is thru staking. I don't recommend this one, but there are tokens out there who are giving as high as 20-30% staking reward, but those are the most riskiest coins. The safe ones only give as high as 10% or even lower. This way isn't safe as well because you might still incur losses thru capital depreciation, so I don't recommend doing this one unless you know what you're doing.

Is what you want possible? To have 10$-20$ per day? Yes, but you need to have a huge amount of money in order for it to happen. I don't want to calculate, but at least you need a 5-digit capital if you want to earn 10$ per day on a 10% annual interest. Basically, what you want is impossible. You want to earn on a daily basis, but you want it to be as safe as possible? Just think of another way.

I think the same. I think the only thing that could come close is to invest that money in Bitcoin now and hold it for a year and a half or two, but without touching it. The OP will probably get 50% a year or more, passively but he shouldn't be pulling that $10 or $20 a day like he wants until he sells at the end.

The best thing for him to think about is another investment strategy, because what he wants is almost an oxymoron.

How can a future trading is a passive income in the first place? you still need to open your account and place your order, passive income means you don't need to work at all.

$10 per day means $3650 per year, it's almost 50% from $8K and I believe there's no way to have a safest method to earn 45% APY.

Staking isn't even a safe way since you could lose all of your money when the bad thing comes (take a look to Celsius).

Well, you are looking for a massive 45% yearly profit or interest on your money .....with Banks only giving under 10% if you are really lucky. A site like Freebitco.in is giving only 4% interest on bitcoins that are deposited there, so you are searching for the Goose that are laying gold eggs. 

If it was that easy.... everyone would be invested in whatever is giving that much profit or interest... but it is not that easy. Let me know if you find anything "legal" that provide that kind of profit. 

If you have $8000 to invest then definitely invest it in Bitcoin, it will be a safe haven for your money. Also, if you go for trading you will definitely lose as you mentioned you have lost a lot of money by trading, so trading is not for you. Rather you try to invest for long term it will help you to give good amount of profit. Never invest in altcoins again, it is always risky to face a scam and lose all your money. Many such incidents have been seen in the past when the altcoins are pumped more and then dumped again, it does not increase again but once becomes a scam. So I suggest you stay away from this kind of trading and investment rather you invest and hold Bitcoin, it will give you good returns.

Even without risk options such as banks are not safe as they often collapse and here you are looking for safe + high apy method. If you get one, do let me know too, cause I'm looking for one as well.

Wasn’t there a thread like this, maybe a few months ago. Someone wanted some risk free way of making 100% a year.

Either way, there is no easy way to do it. Even funding rates are low so you can’t do any cash and carry type of trades which would be considered low risk.

If you don’t want to take any risks you need to buy bonds.

The only way is for you to fully supplement the necessary knowledge related to bitcoin and crypto. Once you have complete knowledge about the market, you will know which methods will help you create passive income for yourself.

And if you only have that small amount of $8k but you don't have any knowledge, you just want to make money without knowledge, without working. There is no method that can help you create passive income for you. This is a financial market and if you want to make money, you need knowledge and hard work like any other field. There is no easy way to make money in this world.

Now that you've ruled out futures and altcoins, have you thought about crypto staking or crypto savings accounts that pay interest? While these options are similar to a standard fixed deposit, they are also filled with the fast-paced energy of the crypto world. By "staking" your cryptocurrency, you essentially lock up your money to help a network run, and you get paidback. It's a way to put your digital assets to work for you instead of just sitting around doing nothing.

All investments, nevertheless, include some risk, especially in the erratic world of cryptocurrency. Investigating platforms that provide these services is essential; pay special attention to their security protocols, interest policies, and operational credibility. With your funds, you're hoping to make a reasonable $10–$20 every day, which seems doable, but you need to be realistic about your goals and be aware of the liquidity conditions.

Investing in any way isn't just about making money grow; it's a mirror of the way technology and money work together these days. It's how current economic structures and digital progress work together. It's not enough to just find passive income streams; you also need to be able to change with the times when it comes to digital banking. It's not just about making money; it's also about staying relevant in a world that's losing its old money fast.

There is no safe way to earn in cryptocurrency. The only way is to work on signature campaigns from Bitcoin forums. So you can't earn $10 to $20 a day here because you can stuck your dollars at any moment during market ups and downs. This is why I am asking you to invest your $8k in Bitcoin for passive income. If you invest your $8k in Bitcoin, you can earn $20 to $100 per day on average when the Bitcoin market goes up. Or your $8k can grow to $80k. So if you invest only in Bitcoin and not in any other currency then you can be successful.

There is nothing to instant in the world, we have to hard work and learn something new about how to invest it. We are here for success in Bitcoin, not from yesterday or a year ago, but almost 10 years of being patient and experiencing many advantages. You can't just look the success because you are investing in something. But, there is a struggle which you can't look until you feel it yourself how to get it. I am also like you at the beginning when I am getting to know about bitcoin, I want to be like them who successfully get rich because invested in Bitcoin. I bought bitcoin, but lost it tomorrow when I sold it, I was sad and learned it, and while struggling and studying for years, and today I understand how to conquer it.

I don't know how long you've been into crypto, I've been here for years and I still don't go anywhere near that future trading; it's too much risk to take with hard-earned money. I also do not know why you don't want to buy anything but still make money, cause to make money, you'll have to spend money. If I were in your shoes, I would either buy and hodl Bitcoin or start a business, or I could even split the money in two and do both. With Bitcoin, you may not see much of a difference in the next 1 year, but for many more years to come, I am optimistic that having even the tiniest fraction of Bitcoin will be a flex of wealth. Additionally, you could also diversify your holdings so you have different pillars holding your wallet.

OP, if you want to engage in trading, then you must actually take your time to learn and understand the volatile nature of the market. You must learn how to use most of the technical trading tools that traders use to analyze the market. If you don't properly learn how to make use of those tools, you will likely experience losses while trading in the future. Also, if you have become successful in trading, you should be aware that not all the time you will be making a profit. Some traders have confirmed that they have trading days that they likely earn more profile and other days and times they avoid trading. If you are looking at other ways to invest $8k and earn $20 daily, I think it will be to invest on a centralized platform, which is not always wise to save your asset on centralized crypto platforms because if it's not your key, then it's not your coin. We are almost approaching the bear market, and I think that investing the $8k into Bitcoin would not be a bad idea. Just my opinion.

The trading industry is what you want to invest in, and then you want $20 in passive income for the $8,000 in capital that you started with. What do you think about crypto trading? Do you think there is a fixed profit here that can be obtained? This is not a company that has a guaranteed salary every day.

If it's just that amount, and if you're a long-term holder, it's better to buy 8,000 dollars worth of Bitcoin at least 3 or 5 times profit; it's not bad, and it's a big amount. Then you won't have any hassles when you hold it or problems that will be faced for sure; instead, you will just wait and sell Bitcoin at the right time.

He can just sell the crypto and buy 8k usd of US Treasuries,  which in theory should be the safest investment in the world... as interest rates are high, us treasuries are paying 5% yield, which is incredible high
https://www.ishares.com/uk/individual/en/products/297191/ishares-treasury-bond-20%20yr-ucits-etf-usd-acc-fund