How to invest 8k for passive income. - page 4.

livingfree

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Quote from: Y3shot on November 06, 2023, 05:10:32 PM

I think hodling this amount of Bitcoin will be better because their is no much risk in hodling. Trading to earn better profit daily can be complicated for beginners because they really don't have much understanding to earn on a daily basis, 8k is a good amount of Bitcoin to hodl for a longtime to get a better profit. Beginners don't really fancy hiding because they feel it will take a long time to get profit, it won't be advisable for beginners to rush into trading because just to earn money, hodling is better for a reasonable amount, what is just needed is to have patience to wait for the bull market.

There's nothing better than holding that amount if it's on Bitcoin. But I don't think that he's holding that in Bitcoin because he hasn't indicated that it is specifically in Bitcoin but in crypto.

If he's holding tons of altcoins and want to earn passively with them. He might even get into more losses instead of profiting which is a common thing on this market.

The more you're thinking of investing it elsewhere and earn passively, the more prone you are falling into traps that might be sent to him.

Rikafip

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Quote from: bitmover on November 06, 2023, 01:50:11 PM

You can get about 5 to 10% a year using safe methods, which is about 1-2 usd per day.

To be honest, I don't think that even that is possible as that would mean depositing you're crypto onto some centralized platform and we all know how dangerous that can be.

@OP simply forget about an easy and safe way to get that kind of return on 8k and instead just buy bitcoin and store it someplace safe and in the long run you will probably make even more than you ask for.

Y3shot

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Quote from: Heyui67 on November 06, 2023, 01:20:27 PM

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

I think hodling this amount of Bitcoin will be better because their is no much risk in hodling. Trading to earn better profit daily can be complicated for beginners because they really don't have much understanding to earn on a daily basis, 8k is a good amount of Bitcoin to hodl for a longtime to get a better profit. Beginners don't really fancy hiding because they feel it will take a long time to get profit, it won't be advisable for beginners to rush into trading because just to earn money, hodling is better for a reasonable amount, what is just needed is to have patience to wait for the bull market.

South Park

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Quote from: Heyui67 on November 06, 2023, 01:20:27 PM

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

You want to produce between 3650 and 7300 dollars each year, which is roughly 45% to 90% in profits respectively, you want this to be done passively and safely as well, you failed at futures already and you do not want to invest in altcoins, and if I am honest with you there is no way to achieve what you want with all the conditions you put forward, holding bitcoin could produce those kind of profits during the next years and it could produce even more, but this cannot be done passively as you need to keep track of what is happening on the market, bitcoin cannot produce those profits daily either but it could do so on a yearly basis, and this cannot be done safely, as any investment always has an underlying risk, so at least to me it seems that you are looking for something impossible to achieve.

Mahanton

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Quote from: bitmover on November 06, 2023, 01:50:11 PM

Quote from: Heyui67 on November 06, 2023, 01:20:27 PM

I have 8k worth of crypto how to invest

This amount to get 10 or 20$ per day safe methods

10 a day would mean 3.6k per year, which is about 40% per year.

That is impossible with safe methods

You can get about 5 to 10% a year using safe methods, which is about 1-2 usd per day.

Anyone saying you can is lying to you, or they don't know what they are talking about.

True, there are even someone suggesting staking having that APY 10% or more?The risks involved is high and this is nowhere to be considered to be safe.

This is why he could really be only having those choice whether he would really be just simply time deposit on a bank getting that 1-4% annual (which is shit due to inflation).
or he would really be that deciding to make out some business or investment on physical world.

For me, if i do have that amount then i would be focusing on investing into some coins which it could have the potential on getting 5x-10x
in upcoming BR but since OP isnt really that considering these options then he could opt out on traditional physical business.
You would really be needing to take up the risks if you are really that serious when it comes on gaining something.

goldkingcoiner

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Quote from: Heyui67 on November 06, 2023, 01:20:27 PM

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

Some crypto you can stake. But you would have to force yourself to hodl. And your altcoin might become worthless by the time you get your stake rewards and your crypto back. I have found future trading to be a fools game. But spot trading is quite nice, if you have the patience and discipline for it. But again, you must be prepared to lose money should things go bad. I think thats everything in life. What kind of financial activity comes without risk? Huh

bitbollo

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about passive income, avoid to invest in hyip or similar since high returns requires high risk and of course these are just scam.
there are some gambling sites that allow to earn a fixed ROI. it is a working solution... otherwise there are some stakings and DeFi but I think you need to make some research before invest on it... yes of course, you can invest your time and money in... culture! study! get some specialization... this is the best investment and in some case could also bring some "passive income" Wink

!

Zlorent

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What matters is to invest every month or every day, it requires saving money and time will do the rest with compound interest. This site is not bad for understanding how to invest: https://top-finance.fr/

sunsilk

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Quote from: Heyui67 on November 06, 2023, 01:20:27 PM

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

If you don't know how to trade in futures, you don't have to force yourself doing so and that's not going to be considered passive income. Passive income means that you don't do anything and you generate profits from your holding just like the interest accounts from exchanges and wallets and as well as with staking.

Quote from: Heyui67 on November 06, 2023, 01:20:27 PM

Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying

It is risky if you're going to store that on an exchange then you'll earn 1%-5% of interest from your deposit. Because the risk there is you don't have the ownership of your crypto there upon deposit.

SamReomo

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Futures trading isn't a passive way to earn profits even any kind of trading whether futures trading or spot trading require active effort. If you really want to earn passive income with your money then stake those at a crypto exchange but I must tell you that stacking is also risky as exchanges can't be trusted fully and they can take your money anytime.

If I had such amount to invest then I would definitely go with an active method and would avoid any possible passive methods. I believe that trading is a good thing to begin with as you can earn $10 to $20 per day easily on platforms like Binance. If you aren't good at spot trading then go with p2p trading as people are earning more than $10 to $20 a day with p2p trading on exchanges.

electronicash

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50% per year seems too high. the platform will eventually go Luna. instead of you making money, you'll be the one getting scammed. you already have your money in BTC, i think that's already it. after a year of bull run, you may actually 5x that amount. well, hopefully this halving will help.

i was also looking for the kind of investment but most of the time, it's the altcoins that offer such rate which is also risky. the defi days are over while you are not open for altcoin investment. maybe staking stablecoin will do, it may not be huge but it's safer. It is safer if inflation does not eat a big chunk of the USD's purchasing power.

Yatsan

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Passive income is possible but if it is a constant and consistent profit then that would be impossible. The market prices of crypto are volatile in nature which means there will always be times of up and downs. You may do swing trades but you could only win most of the time if you are that good with your analysis but will never be always. If it is consistency you are seeking then try starting a business but it will not be happening in a single day for sure. There’s no easy way to earn profit in anything and seeking for one will just get you in trouble. If there is, many people should be rich by now to be honest.

Twentyonepaylots

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Quote from: noorman0 on November 06, 2023, 02:27:10 PM

Quote from: Heyui67 on November 06, 2023, 01:20:27 PM

-snip-
I tried future trading and lost

I think you misunderstand the term passive income, you should not be actively involved in the business. Trading is an active activity.

I'm quite lost with OP's post with that, he want a passive income using an active method. But yeah I see his point, he wanted to have fixed income on active trading.

Quote from: noorman0 on November 06, 2023, 02:27:10 PM

I can't think of any other good idea to earn regularly with bitcoin other than pool mining (you have to ask on the "Mining" board to calculate the estimated earnings). You should at least get involved with centralized service businesses like savings and staking, and it's worth noting that's very risky. $8k is too much I can afford to lose.

Yeah, probably what he is trying to look for, pooling is the best way to get a passive earnings but be careful what pool you are getting into coz a lot of it is a ponzi. OP can also try staking using reputable exchanges like Binance which might be the best he could use his $8K and earn on a daily basis. You can also try to advent an external business, a physical one then invest your ever profit to crypto, I think that's a win-win for you.

aoluain

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Quote from: Odohu on November 06, 2023, 01:52:59 PM

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.

This would also be my outlook. Just convert to Bitcoin and forget about it until 2025
when Bitcoin is likely ^{but not 100% guaranteed} to reach a new ATH after the halving
which is next year.

There isnt going to be anything 100% dead certain anyway.

Something we all steer clear of is giving your $8k in Bitcoin or Ethereum to an
exchange and they will give you a percentage on it, Coinbase are offering 3.4%
on ETH....

Remember though - Not your keys, not you coins!

Negotiation

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Earning $10 to $20 dollars per day is very easy for many people but again it is very difficult for many people because if they don't know the right way it will be very difficult for everyone.But to increase your income, you must be a multi-skilled person and know many jobs very well so that you can do any kind of work. Also think that there is definitely an element of luck to earn which many people don't believe but I think for those who need luck as well.Master several subjects and train very well and then think about earning, then you will see that your income can increase.Finally I would like to say that if you can take help from a good advice and earner then your way will be much easier.

noorman0

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Quote from: Heyui67 on November 06, 2023, 01:20:27 PM

-snip-
I tried future trading and lost

I think you misunderstand the term passive income, you should not be actively involved in the business. Trading is an active activity.

I can't think of any other good idea to earn regularly with bitcoin other than pool mining (you have to ask on the "Mining" board to calculate the estimated earnings). You should at least get involved with centralized service businesses like savings and staking, and it's worth noting that's very risky. $8k is too much I can afford to lose.

GeorgeJohn

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Quote from: Heyui67 on November 06, 2023, 01:20:27 PM

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

When you have a bitcoin or you bought a bitcoin when the price is low and you left the bitcoin for some years and after you have keep the bitcoin and it happens that the market change to bullrun and you bought bitcoin the price was extremely and it appreciate like ten times of what you bought bitcoin, that means that you invest in bitcoin and you have also made profits in it, either it fall's or rises, so what I want you to understand in cryptocurrency is that Bitcoin which one of the cryptocurrency have a time of regulations and the regulations is base on the price, you most not trade to invest in bitcoin or make profits, some people who is billionaire in bitcoin today started buying when it's low and keep until the price get to this point.

salad daging

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Bitcoin does not provide a guarantee that you can earn $10/$20 per day because bitcoin is only for the long term to determine the profit when the price goes up then you can get a profit depending on the next sales target while passive income may apply to trading but it all has a high risk.

Never try to trade futures if you do not have the skills precisely here you will quickly lose the money you have, if you still feel lost then never continue.

The only one is Bitcoin. You buy now and hold it until next year it will provide profits but not per day like you want.

Hamza2424

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Quote from: Heyui67 on November 06, 2023, 01:20:27 PM

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

Hmm, Quite a decent goal, in futures there is a need for the proper execution of the trading strategies, you need to pay time it will directly beat out your first condition passive income. I can directly recommend the cloud mining pools but that won't be very rewarding, You can provide the loan service it will also require a lot of effort.

In the end, the summary of the story is you cant be able to achieve both safety & passive income on your capital, risk one of them the result can be even better, in the end, you can follow someone like copy trading where you can some how to manage both risk and time. In trading copy trading is the term I hate most haha, but according to the OP's requirement I can say it will be most likely option

Odohu

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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.

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