How to invest 8k for passive income. - page 5.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

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.

BitMaxz

legendary

Activity: 3374

Merit: 3095

BTC price road to $80k

Future trading is pretty risky better stop trading in futures if you don't have any knowledge about technical analysis.
There is no passive income and safe method that gives you $10 or $20 per day all investments always have risks.
Since you said that you already invested $8k in Crypto why not hold them for the long term and sell them when the price increases?

I'm not a financial expert but if you want to make a profit with your investment I suggest learn how to trade I have a bookmarked link that I can share check the link below then start learning about technical analysis.

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

mindrust

legendary

Activity: 3276

Merit: 2442

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 need to generate at least annual 50% returns on your $8k to have such an income ($10/day). Sorry but you can't have 50% return and safe both.The safest investment of all times which is the s&p500 index only gives you 10% annual returns in the long run and most people fail to beat this. There is nothing wrong with wanting high returns. No but you also want it to be a safe investment and that's simply impossible.

You have 2 choices here:

1- You can increase your initial amount to $80k and invest in a safe asset. (S&P500 will bring you 10% annually in the long run and that will make $20 per day)
2- You can yolo that $8000 on something risky and if you are lucky you can turn it into $80k or $800k or $8.

The choice is yours senator.

Heyui67

newbie

Activity: 50

Merit: 0

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

Topic: How to invest 8k for passive income. - page 5. (Read 444 times)