Topic: Is Cake Coin good for Passive Income? (Read 900 times)
if you want to get passive income every month then you can take advantage of staking on pancake swaps from that exchange we can get profits even though profits depend on the capital you use, but you must know that staking in pancake swaps can not always give you a profit, that too depending on the conditions of the exchange as long as the cake can be sold at a high price then you can get a very large amount of profit.
Those who bought cake coins before the recent pump have made huge profits but then that can not guarantee the future profits potential of cake coins, so I will advise you just take the risk of holding for the future and accept whatever the outcome will be. All passive income investments also come with their risks.
The CAKE is rising, I missed to get entry because of low balance. Few weeks back CAKE down $10 USD. I used Syrup Pools automatic restaking cakes and getting cake everyday. Most people asserting this is useful for automated revenue. So, what is the issue? You should concern risk factor to avoid further losing.If you do have time to research more deeper with this coin and you can spare good amount of investment,
There's always a good outcome to those investors who take time to analyze and work more deeper with the investment that they'll going to participate, cake have that capabilites to give handsome rewards especially now that the value is far cheaper from the last time high, for sure appreciation from those passive seekers are into this asset.
There is also a good amount of money to be made depending on what you are willing to wait for, because there is money to be made in the long run if you could simply just wait. People are forgetting that crypto is a long term deal and if you can find that good coin and invest some money into it then you can make a good return from it in the long run, in a few years at least.There's always a good outcome to those investors who take time to analyze and work more deeper with the investment that they'll going to participate, cake have that capabilites to give handsome rewards especially now that the value is far cheaper from the last time high, for sure appreciation from those passive seekers are into this asset.
I have a friend who does that and he has been making a killing during this bull run, he was a bit lucky and had money in 2018 so he put it all on dozens of different coins and in 2021 all of those coins were revived and actually worth something, he knew that one day they would and almost all of them did, a few didn't which is understandable but he never invested into a coin that is outside of top 1000 anyway, it was all coins that people knew and there were a community for it.
Those who bought cake coins before the recent pump have made huge profits but then that can not guarantee the future profits potential of cake coins, so I will advise you just take the risk of holding for the future and accept whatever the outcome will be. All passive income investments also come with their risks.
The CAKE is rising, I missed to get entry because of low balance. Few weeks back CAKE down $10 USD. I used Syrup Pools automatic restaking cakes and getting cake everyday. Most people asserting this is useful for automated revenue. So, what is the issue? You should concern risk factor to avoid further losing. 
Yes, it really depends on the exchange performance in the market. And right now, it seems pancake swap is still doing good, so investing even today can give you good profits. But you need to check their volume if they are improving or going down. Because that will give you idea if they are doing good in the business. I guess, those who got early in the farming in pancake already got their initial investments back.
buying it then staking on the pancakes looks like it would be good for profit. the price is still not too expensive now and we can start staking. many have benefited from CAKE.
Cake coin is very popular nowadays on all social Media channels for generating passive income. Its price has increased many folds during the past one month because it is in high demand, as individual investors have shown great interest in this coin for staking their funds and harvest good returns on weekly basis.
Cake was founded in early 2019 by Dr. Julian Hosp and U-Zyn Chua as a way to bring the benefits of passive income into the mainstream through a simple user interface.
Cake DeFi, a platform that allows users to generate cash flow through pooled master node staking and options lending, has created a platform with a clean user interface that allows anyone from the novice to the time-starved investor, to start earning interest on their cryptocurrency with a couple of simple clicks of a button.
https://news.bitcoin.com/cake-defi-a-one-stop-shop-for-generating-yield/
Cake was founded in early 2019 by Dr. Julian Hosp and U-Zyn Chua as a way to bring the benefits of passive income into the mainstream through a simple user interface.
Cake DeFi, a platform that allows users to generate cash flow through pooled master node staking and options lending, has created a platform with a clean user interface that allows anyone from the novice to the time-starved investor, to start earning interest on their cryptocurrency with a couple of simple clicks of a button.
https://news.bitcoin.com/cake-defi-a-one-stop-shop-for-generating-yield/
I thought this was about Pancakeswap but the article you linked to is for something else called CakeDeFi and whose ticker symbol is DFI. Of course you'd expect Roger Ver's website to be publishing misleading information and confusing users.
I don't know much about DFI but if it needs to name itself after a more popular project to confuse people then it is not worth my time. Pancakeswap is the biggest decentralized exchange and it is very trusted. The APY for staking CAKE is still over 100% so if you want to make good passive income then this is a very good choice.
as long as the conditions of the exchange are good and always make the price of the cake go up then it can certainly provide quite a lot of income but if the condition of the exchange is collapsing like this then it will make you lose money because the selling price at the exchange is falling, hopefully the pancake platform can last longer so it can keep a lot of people calm.
Absolutely right. I think by conditions of exchange you mean software, the problem of DEX exchange comes when their code is hacked, it happened on Pancakeswap once but they quickly resolved this issue, I hope it won't happen again. Now Cake is again getting Bullish and yesterday its price increased 11% and next likely target is 21.50 but you need to hold it with patience. I have experienced that cake is also good for day trading provided you use Technical charts. NOT A FINANCIAL ADVICE. DYOR
as long as the conditions of the exchange are good and always make the price of the cake go up then it can certainly provide quite a lot of income but if the condition of the exchange is collapsing like this then it will make you lose money because the selling price at the exchange is falling, hopefully the pancake platform can last longer so it can keep a lot of people calm.
Yes, it really depends on the exchange performance in the market. And right now, it seems pancake swap is still doing good, so investing even today can give you good profits. But you need to check their volume if they are improving or going down. Because that will give you idea if they are doing good in the business. I guess, those who got early in the farming in pancake already got their initial investments back.
And for cake, maybe for now it's not profitable for me to do passive income or maybe you can look for other coin options on the platform to do staking.
If you're using the pancakeswap syrup pool for yield farming of cake, than it’s not that much profitable with low funds. But we can use auto-compounding platform like pancakebunny to get higher apy than the syrup pool and we'll get 2 tokens as a reward for that. I used pancakebunny to do yield farming and happy to increase the amount of cake. As always, defi is at early stage and DYOR before taking any steps. 
I am also long term investor of Cake and believe that it is one of the best DEFIs project with handsome rewards as well as appreciation in price. Now its available at around 60% Discount from its ATH price so it is good opportunity to accumulate and book gains when BTC market will bounce back. I think we make more money when price appreciates compared to staking and farming but we should continue staking/farming to increase our coins. Not a financial advice. DYOR
If you do have time to research more deeper with this coin and you can spare good amount of investment,
There's always a good outcome to those investors who take time to analyze and work more deeper with the investment that they'll going to participate, cake have that capabilites to give handsome rewards especially now that the value is far cheaper from the last time high, for sure appreciation from those passive seekers are into this asset.
Now its available at around 60% Discount from its ATH price so it is good opportunity to accumulate and book gains when BTC market will bounce back. I think we make more money when price appreciates compared to staking and farming but we should continue staking/farming to increase our coins. Not a financial advice. DYOR
Indeed, correction market is the best time to accumulate more cake for farming. Specially, it's best to accumulate more when there is still more possibilities for making another new ATH because of the adoption and development rate. Recently pancakeswap announced lottery V2 with a grand prize of $5 million worth of cake which is great us like cake hodlers/farmers. Lets try our luck to get any shares from it whoever's doing yield farming, IMO. As always DYOR before taking any steps for yield farming. 
Don't get FOMO with those shitcoins. There are many of it in the market that are really good at first and in the end the coin getting ignored and becoming no value at all. If your trying to convince in the OP that the coin you mention is really good then to it is not effective and I will not believe in it.
And for cake, maybe for now it's not profitable for me to do passive income or maybe you can look for other coin options on the platform to do staking.
If you're using the pancakeswap syrup pool for yield farming of cake, than it’s not that much profitable with low funds. But we can use auto-compounding platform like pancakebunny to get higher apy than the syrup pool and we'll get 2 tokens as a reward for that. I used pancakebunny to do yield farming and happy to increase the amount of cake. As always, defi is at early stage and DYOR before taking any steps. I am also long term investor of Cake and believe that it is one of the best DEFIs project with handsome rewards as well as appreciation in price. Now its available at around 60% Discount from its ATH price so it is good opportunity to accumulate and book gains when BTC market will bounce back. I think we make more money when price appreciates compared to staking and farming but we should continue staking/farming to increase our coins. Not a financial advice. DYOR
I feel like there is this secret that nobody talks about and many people think about. Cake looks like the perfect and amazing investment that can bring you the greatest passive income of your life, you could literally live off that if you have enough savings, it is amazing and it is unbelievable how much you can make with it.... unless it drops like hell. I have friends who bought at 30+ and now they are in big loss right now, even though they are making money daily, it is not even close to what they spent on it.
Of course the day it goes back to what it was and they make that back, they will have even more, because they would be farming during that period as well so the same price they bought would be actually even more profit, they would be in profit even at lower prices than they bought BUT that still requires it to go up. So, it is amazing until it drops, then suddenly it is not amazing at all.
Of course the day it goes back to what it was and they make that back, they will have even more, because they would be farming during that period as well so the same price they bought would be actually even more profit, they would be in profit even at lower prices than they bought BUT that still requires it to go up. So, it is amazing until it drops, then suddenly it is not amazing at all.
And for cake, maybe for now it's not profitable for me to do passive income or maybe you can look for other coin options on the platform to do staking.
If you're using the pancakeswap syrup pool for yield farming of cake, than it’s not that much profitable with low funds. But we can use auto-compounding platform like pancakebunny to get higher apy than the syrup pool and we'll get 2 tokens as a reward for that. I used pancakebunny to do yield farming and happy to increase the amount of cake. As always, defi is at early stage and DYOR before taking any steps. 
Pankeswap is currently the best decentralized exchange in the BSC network. But despite this, CAKE is also subject to dump, like other coins, including DEX coins, like UNI and 1inch. If you have held CAKE since the formation of Pankeswap, you still have a positive balance despite the dump.
I think for a good asset like CAKE, it's not important to see the current price. almost all DEX exchange tokens are also experiencing the same problem. you can see UNI, it came with a very extraordinary airdrop distribution. CAKE had the same problem. but developmentally CAKE might be better. Staking provides a sizeable return is one of the attractions. not to mention, the capitalization of the pancake market has increased quite significantly this year with an increase in new projects appearing in the BSC network.
I agree with the point. CAKESWAP is similar to UNISWAP, the attraction of this exchange is huge. DEFI is a sustainable trend so CAKE will continue to maintain and increase its value in the long term. CAKE staking is a good choice compared to other AMM projects on BSC.
The only problem on CAKE was it was being over hype and always being target by pump and dump of group so the price volatility is very high. You might suffer a big loss if you stake CAKE while the price slide down hard. The rewards on CAKE staking is very generous which usually result to over supply in the market so the price of token being mine always decreasing in the long run due to new token being mine daily.
I have been sharing some anecdotes about colleagues and friends who say only invest in Bitcoin and Ethereum, but in fact one of them invested in CAKE and took a huge profit before. I was actually impressed by his fate in crypto as he was able to get good and very big profit. Anyway, if that is the case you should be very careful with the investment and be able to decipher which ones are legit and which ones are audits that are not allowed. Sometimes, it is not the crypto but rather the person who has the crypto will be able to make the difference from doing good or bad.
Pankeswap will help CAKE to have higher value but no smooth rosy growth and the market will challenge Pankeswap and CAKE along the way.Fate is not all he has, to win in crypto market, you need to choose good crytocurrency and hold them long enough. Sometimes people can get rich after one night with shit coin but if they can not have good portfolio management and always gamble with shit coins, all money will be stolen.
Investment based on fundamentals are better than shit coins and gamble. Pankeswap and CAKE are good fundamentally.
I have been sharing some anecdotes about colleagues and friends who say only invest in Bitcoin and Ethereum, but in fact one of them invested in CAKE and took a huge profit before. I was actually impressed by his fate in crypto as he was able to get good and very big profit. Anyway, if that is the case you should be very careful with the investment and be able to decipher which ones are legit and which ones are audits that are not allowed. Sometimes, it is not the crypto but rather the person who has the crypto will be able to make the difference from doing good or bad.
PancakeSwap popular exchange and i like to trade here because it's has a small commission. At this point the exchanger passes Easter Battle and my team wins this competition. Cake is definitely worth having in his portfolio.
Absolutely right, it is the most popular DEX on Binance smart chain and has good track record of paying regular rewards to its investors though its price also declined more than 70% ( from $ 44 to almost $ 13) during the past 2 months with slide in Bitcoin price but it happened with almost every alt coin. Crypto market is very volatile and so is Cake.
Cake tokens has been gaining popularity just like other Defi projects and that has contributed to the market value increasing, but I'm personally not very comfortable using the tokens for passive income as it requires investing a substantial amount of cake and with the news we hear about hacks on Defi platforms, I'm not comfortable with the investment.
We should not depend on single income as well on passive ones its good to invest as long as we know our limits and responsibilities in monitoring it. We should also diversify it as much as possible in coins that already proven their use as well been tested in time. As for new coins still have low chance of surviving in a volatile market especiall now that crypto is at bear season. Cake tokens has been gaining popularity just like other Defi projects and that has contributed to the market value increasing, but I'm personally not very comfortable using the tokens for passive income as it requires investing a substantial amount of cake and with the news we hear about hacks on Defi platforms, I'm not comfortable with the investment.
You have your point, and surely those who are investing with this kind of passive income also consider those possibilities.
As we go along the way this market keeps on challenging your skills finding the right information to continue following this asset and make sure that you have that understanding to chase your opportunities.
good passive income really needs bigger amount of investment, you are the one who holds full responsibilities to whatever outcome that may happened with your invested money.
Cake tokens has been gaining popularity just like other Defi projects and that has contributed to the market value increasing, but I'm personally not very comfortable using the tokens for passive income as it requires investing a substantial amount of cake and with the news we hear about hacks on Defi platforms, I'm not comfortable with the investment.
PancakeSwap popular exchange and i like to trade here because it's has a small commission. At this point the exchanger passes Easter Battle and my team wins this competition. Cake is definitely worth having in his portfolio.
Absolutely right, it is the most popular DEX on Binance smart chain and has good track record of paying regular rewards to its investors though its price also declined more than 70% ( from $ 44 to almost $ 13) during the past 2 months with slide in Bitcoin price but it happened with almost every alt coin. Crypto market is very volatile and so is Cake.
Not sure about all these new Defi coins, but kinda sounds like they all are just trending and once the hype is over, the price is going to get dumped and most of the people is going to make huge loss. The way the price got pumped up by 400%, in the same way, the price might get dumped.
If you think you have done your own research and see that the cake coin is actually worth investing and has good potential, then go ahead and invest. If you want to invest just because of the trend and make quick profit, then think again.
If you think you have done your own research and see that the cake coin is actually worth investing and has good potential, then go ahead and invest. If you want to invest just because of the trend and make quick profit, then think again.
PancakeSwap popular exchange and i like to trade here because it's has a small commission. At this point the exchanger passes Easter Battle and my team wins this competition. Cake is definitely worth having in his portfolio.
if for passive income I think coin cake is very good for now. because we know this cake coin has not been tested long term and is still new in crypto, so I think this is the best passive income when the cake coin trend is currently popular.
I am just curious if this kind of performance will continue in a long-term basis. Will users be able to stay long term in this platform and just let earn passive income? What will happen if staking or farming is not a thing anymore in crypto? Though right now, it is the go-to to earn passive income, one should also prepare for the worst possible scenario in the future. I don't think that the generation of passive income will be forever.
we know that the trend is always changing, while there is a good opportunity then take advantage of it properly, if you feel that it is getting bored and a new trend appears then be prepared for it.Staking and a combination of automated market maker systems to make Cake have a lot of fans. Especially in the midst of high ETH gas prices, yield farmers are more likely to choose the BSC network which costs less, which is why the volume of cake trade has also increased. Therefore, for the long term and passive income, I think cake still has a positive trend.
Meanwhile we are farming CAKE-BNB they announced new IFO with the new system today. First CAKE price was faster, now BNB price is faster. CAKE-BNB hold same share as two-three months ago. There were no big impermanent loss. Now I'm expecting closer rise for CAKE and BNB.
I also stake my CAKE in various pools. You can't see APY this big in any other defi platforms. Maybe PancakeBunny, but it also covers CAKE.
I also stake my CAKE in various pools. You can't see APY this big in any other defi platforms. Maybe PancakeBunny, but it also covers CAKE.
This topic was posted on Feb. 3, 2021 when the price was just around $2 and it is currently trading around $16 based on the Coingecko data. It looks like many people have missed the early train judging from the first pages. This just shows that nobody gets it right all the time. Some people expressing their opinion probably didn't even check the project first.
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I remembers seeing a tweet about Pancake team distributing part of the fees they earn to all Cake holders. That's another passive income.
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I remembers seeing a tweet about Pancake team distributing part of the fees they earn to all Cake holders. That's another passive income.
True. I experienced it one of the best DEFI where you can earn passive income without any fear of scam and daily rewards are also handsome, Investment in cake has gone up more than 20X during the past 6 months. The team is consistently working hard and every now and then they sign new partnership. Technically speaking CAKE is now in Bullish zone and next likely target is 27$.
https://uk.tradingview.com/chart/CAKEUSDT/2Ezp4F8M-Update-target-almost-reached/
If you buy these coins on a drawdown, and then throw them with another stable coin into the liquidity pool, then it is clear that this will be profitable, but everything can happen in the market and if the CAKE falls, then you can lose your money.
You can make money on this, but you need to be careful
You can make money on this, but you need to be careful
This topic was posted on Feb. 3, 2021 when the price was just around $2 and it is currently trading around $16 based on the Coingecko data. It looks like many people have missed the early train judging from the first pages. This just shows that nobody gets it right all the time. Some people expressing their opinion probably didn't even check the project first.
......
I remembers seeing a tweet about Pancake team distributing part of the fees they earn to all Cake holders. That's another passive income.
......
I remembers seeing a tweet about Pancake team distributing part of the fees they earn to all Cake holders. That's another passive income.
Beside making passive income, Early Investors in Cake have multiplied their capital many folds. Now it is in correction phase as reflected in attached Technical chart. Accumulation can be seen around 13-14$. I consider it another opportunity to take entry for passive income as well as capital gains.
I agree that it is definitely a great one, however we should also focus why it is a great one and what made it great as well. Cake is a great one because it is a hub, that is always the case with these things and the increase in price is definitely because of that as well.Why would a coin like this go up in price so much? Because there are many and I mean MAAAANNY other coins that people use that they trade on pancakeswap, that means people need cake a lot in order to make that whole ecosystem work. Don't get me wrong there are other ones as well but pancake is by far the most used one, it is even used more than uniswap right now. That is why the price of Cake went up so much, it is not because cake means anything by itself, all that LP or all that passive income is nothing without those other projects around it. It is a shovel seller during gold rush and that is very profitable.
In fact currencies are not fixed in one place and their prices increase based on demand and investment so it is difficult to predict. But this currency can be a good project for getting listed in binance is a reliable site for exchange the future of cake currency could be better as passive income platforms need to be thoroughly verified before investing.
You are absolutely right that we should make sure that we are investing in a Legit and reliable company to minimize risk of losing our invested capital. Pancake swap is well reputed and has good track record of paying record of paying regular reward to those who do staking and faming as well as it has audit certificate. Further more it ias backing of Binance exchange which is Leading world exchange of crypto.
Doing your research save you a lot it's important before investing.
Knowing the project much deeper also extending your opportunities, as you can hold for long or you can do short and play
with the trends, it's all about how you manage to understand things out from each project that you are going to follow, let
your money work for you a good way for passive incomes.
As long as i know if there is a burn coin contract it is worth to invest and earn passive income, how ever cake still not passed the bear market, if cake price is still high while bear market it is worth invest forever as long as blockchain indiatries is live. Pancake platform it self is very trusted dex for BNB. If BNB communities growth and many token created pancake dex will get revenue.
In fact currencies are not fixed in one place and their prices increase based on demand and investment so it is difficult to predict. But this currency can be a good project for getting listed in binance is a reliable site for exchange the future of cake currency could be better as passive income platforms need to be thoroughly verified before investing.
You are absolutely right that we should make sure that we are investing in a Legit and reliable company to minimize risk of losing our invested capital. Pancake swap is well reputed and has good track record of paying record of paying regular reward to those who do staking and faming as well as it has audit certificate. Further more it ias backing of Binance exchange which is Leading world exchange of crypto.
I did not invest in CAKE but I see that there is great potential in CAKE...
pancake swap is currently in use by many people and many are swap there, maybe because it uses BSC network so that many people are attracted there. Not only that, CAKE is also listed on Binance, this will automatically make the price great.
pancake swap is currently in use by many people and many are swap there, maybe because it uses BSC network so that many people are attracted there. Not only that, CAKE is also listed on Binance, this will automatically make the price great.
Yes, of course, PancakeSwap "CAKE" is a very good project, in fact it's one of the best projects on Binance Smart Chain. It's like Uniswap version on the Binance Smart Chain. It's an excellent platform for generating passive income because it supports Defi Staking, Yield Farming, and Liquidity Mining. I have no second thoughts about PancakeSwap because they are very good at what they actually do. I use only one one platform better than PancakeSwap on the DeFi space which is 1inch, apart from that is Uniswap I guess.
Today, PancakeSwap is the leader in the Binance Smart Chain market. And despite the fact that 1inch has also recently provided its users with the ability to trade on BSC, but I believe that it is still inferior to PancakeSwap. But I would like to see PancakeSwap provide any preferences for CAKE holders.
Is this a pancakeswap? Isn't this was just a new DEX platform in this field of industry.
For me, it is good and better to gain crypto that are listed on top at the coinmarketcap.
And one of this example are Ada, Vetchain, Npxs, Xem, Link, Bnb, Busd, and others.
Yes it is. It's a new dex that builds in the binance chain and it already offered so many mining pool mechanism that offers various coins to be earned by the stakers or participants. For me, it is good and better to gain crypto that are listed on top at the coinmarketcap.
And one of this example are Ada, Vetchain, Npxs, Xem, Link, Bnb, Busd, and others.
This coin is having very big liquidity at this moment and more coins that introduced on the pancake will always send some tokens to be pooled and distributed into the various stakers.
Pancake is also a good coin to be used to get the passive income too and it offered very good APY.
Is this a pancakeswap? Isn't this was just a new DEX platform in this field of industry.
For me, it is good and better to gain crypto that are listed on top at the coinmarketcap.
And one of this example are Ada, Vetchain, Npxs, Xem, Link, Bnb, Busd, and others.
For me, it is good and better to gain crypto that are listed on top at the coinmarketcap.
And one of this example are Ada, Vetchain, Npxs, Xem, Link, Bnb, Busd, and others.
You are right that we should invest in Top 10 or 20 Alts of coinmarketcap because they are good projects have yet to show their real colour when 2nd Bull Run will start in Alts coins. CAKE coin is in DeFi sector and it was created on Binance smart chain. It has show tremendous performance during the past months when its went up from 0.20$ to 20 $. currently it is passing through correction phase and I believe it might might break its previous Record Of ATH in coming weeks..
https://www.tradingview.com/chart/CAKEBUSD/JTpx0RiO-CAKE-buy-signal-on-1D-timeframe-has-formed/
Is this a pancakeswap? Isn't this was just a new DEX platform in this field of industry.
For me, it is good and better to gain crypto that are listed on top at the coinmarketcap.
And one of this example are Ada, Vetchain, Npxs, Xem, Link, Bnb, Busd, and others.
For me, it is good and better to gain crypto that are listed on top at the coinmarketcap.
And one of this example are Ada, Vetchain, Npxs, Xem, Link, Bnb, Busd, and others.
Yes, of course, PancakeSwap "CAKE" is a very good project, in fact it's one of the best projects on Binance Smart Chain. It's like Uniswap version on the Binance Smart Chain. It's an excellent platform for generating passive income because it supports Defi Staking, Yield Farming, and Liquidity Mining. I have no second thoughts about PancakeSwap because they are very good at what they actually do. I use only one one platform better than PancakeSwap on the DeFi space which is 1inch, apart from that is Uniswap I guess.
I am just curious if this kind of performance will continue in a long-term basis. Will users be able to stay long term in this platform and just let earn passive income? What will happen if staking or farming is not a thing anymore in crypto? Though right now, it is the go-to to earn passive income, one should also prepare for the worst possible scenario in the future. I don't think that the generation of passive income will be forever.
Yes, of course, PancakeSwap "CAKE" is a very good project, in fact it's one of the best projects on Binance Smart Chain. It's like Uniswap version on the Binance Smart Chain. It's an excellent platform for generating passive income because it supports Defi Staking, Yield Farming, and Liquidity Mining. I have no second thoughts about PancakeSwap because they are very good at what they actually do. I use only one one platform better than PancakeSwap on the DeFi space which is 1inch, apart from that is Uniswap I guess.
I am just curious if this kind of performance will continue in a long-term basis. Will users be able to stay long term in this platform and just let earn passive income? What will happen if staking or farming is not a thing anymore in crypto? Though right now, it is the go-to to earn passive income, one should also prepare for the worst possible scenario in the future. I don't think that the generation of passive income will be forever.
Yes, of course, PancakeSwap "CAKE" is a very good project, in fact it's one of the best projects on Binance Smart Chain. It's like Uniswap version on the Binance Smart Chain. It's an excellent platform for generating passive income because it supports Defi Staking, Yield Farming, and Liquidity Mining. I have no second thoughts about PancakeSwap because they are very good at what they actually do. I use only one one platform better than PancakeSwap on the DeFi space which is 1inch, apart from that is Uniswap I guess.
It's good for passive income and since they reduced emissions it will be better for long term hold and staking. They should completely remove burn pool cakes though, they minted 15 cake just to burn. This is pointless. Regular burn pool is ok, with lottery, ifo and such we can see good chunk of burning cakes. If they burn more cake then we can talk about it more confidently. V2 looks promising, we will see what happens starting from this month.
It already reached to 17 dollar levels. I was here when it was just 2 bucks or something like that if I am not wrong and like a moron I just used it, did LP did other stuff basically just kept investing into other things, even used pancakeswap to trade coins and in the end I never imagined about putting my money into cake itself, I wish I did, right now I would have been a very rich person, but ended up being very wrong.
In any case I believe cake will keep going up, it's going to be a much more profitable thing in the future, they are growing very strongly, last I checked they had like 700 million dollars worth of treasury as well, if they do not end up burning all of that which would be idiotic, they could use that to improve it a lot, we are talking about literally buying companies level of money there, which is why I think it is quite possible that they could grow a lot bigger as well.
In any case I believe cake will keep going up, it's going to be a much more profitable thing in the future, they are growing very strongly, last I checked they had like 700 million dollars worth of treasury as well, if they do not end up burning all of that which would be idiotic, they could use that to improve it a lot, we are talking about literally buying companies level of money there, which is why I think it is quite possible that they could grow a lot bigger as well.
I see that many people make good money from Cake, they bought cake token as very chep prices and sold out all token as high price, on this time we know the current price of Cake token also i received one Cake token on pancakeswap and i want hold it for Long term.
CAKE is priced at price point of $17.83 and with Binance integration looks to compete with other Defi platforms like Uniswap and SushiSwap.
https://cointelegraph.com/news/pancakeswap-cake-aims-to-take-a-slice-out-of-uniswap-s-defi-dominance
https://cointelegraph.com/news/pancakeswap-cake-aims-to-take-a-slice-out-of-uniswap-s-defi-dominance
I assumed this was pancakeswap and the "cake" token they created, that is a cake defi that is basically what this topic could be mistook for. I do not know if cakedefi that this article suggests could be any good or not because I have no knowledge about it, but I would like to hijack the topic here and mention pancakeswap which is basically uniswap on BNB chain and how awesome that one is.
It is defi, it is cheap unlike all those unreal ethereum fee's, it gives you high APY without any problems, it has been doing it for years but this specific one is for months, it has increased like crazy, and you could basically do whatever you want to do with it. It is freedom and also financial fairness all combined into one, if you would check it out and see what it is all about, you will definitely invest into it, there is no doubt in my mind anyone who researches it will not invest into it.
I do agree that cake is a good one but many of us are talking about pancakeswap while the OP meant to talk about something else? Am I wrong to assume that the thing OP talked about and the thing we are talking about are different things? I personally do not really want to meddle with what you guys are talking about and say that pancakeswap is awesome as well, they are really doing an unbelievable job.It is defi, it is cheap unlike all those unreal ethereum fee's, it gives you high APY without any problems, it has been doing it for years but this specific one is for months, it has increased like crazy, and you could basically do whatever you want to do with it. It is freedom and also financial fairness all combined into one, if you would check it out and see what it is all about, you will definitely invest into it, there is no doubt in my mind anyone who researches it will not invest into it.
I would say, it is not going to be something super easy for them to become huge but they are already doing great and increased their price and there are so so much more things you could do in pancake website right now compared to others, it is really like a joke at this point, you could put in cake and farm so many other coins and could profit like crazy. It became basically like a hub for all BSC tokens.
Beside making passive income, Early Investors in Cake have multiplied their capital many folds. Now it is in correction phase as reflected in attached Technical chart. Accumulation can be seen around 13-14$. I consider it another opportunity to take entry for passive income as well as capital gains.
I assumed this was pancakeswap and the "cake" token they created, that is a cake defi that is basically what this topic could be mistook for. I do not know if cakedefi that this article suggests could be any good or not because I have no knowledge about it, but I would like to hijack the topic here and mention pancakeswap which is basically uniswap on BNB chain and how awesome that one is.
It is defi, it is cheap unlike all those unreal ethereum fee's, it gives you high APY without any problems, it has been doing it for years but this specific one is for months, it has increased like crazy, and you could basically do whatever you want to do with it. It is freedom and also financial fairness all combined into one, if you would check it out and see what it is all about, you will definitely invest into it, there is no doubt in my mind anyone who researches it will not invest into it.
I do agree that cake is a good one but many of us are talking about pancakeswap while the OP meant to talk about something else? Am I wrong to assume that the thing OP talked about and the thing we are talking about are different things? I personally do not really want to meddle with what you guys are talking about and say that pancakeswap is awesome as well, they are really doing an unbelievable job.It is defi, it is cheap unlike all those unreal ethereum fee's, it gives you high APY without any problems, it has been doing it for years but this specific one is for months, it has increased like crazy, and you could basically do whatever you want to do with it. It is freedom and also financial fairness all combined into one, if you would check it out and see what it is all about, you will definitely invest into it, there is no doubt in my mind anyone who researches it will not invest into it.
I would say, it is not going to be something super easy for them to become huge but they are already doing great and increased their price and there are so so much more things you could do in pancake website right now compared to others, it is really like a joke at this point, you could put in cake and farm so many other coins and could profit like crazy. It became basically like a hub for all BSC tokens.
WELL This whole thread just sounds like one big fat huge pump!! Is this this some kind of coordinated attack to entice people to pour their money into a pump and dump???!
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Coin like the cake (which introduced passive income will definitely experience enormous demand since 90-96% of all crypto currency investors are after profit) should invest in as a short term because Defi market is so problematic and if another project which it concept surpass Cake concept is introduce investors will flock there and Cake coin may experience what happen to COMP.
A few days ago, I accidentally discovered 35 CAKE on my wallet BSC. Since I never bought this coin, I assume they were credited to me as an airdrop, presumably from PancakeSwap. I may have needed to place them on the PancakeSwap stack to generate passive income, but I immediately sold them for about $180.
If nothing else, you got free money here. Because most passive income are only promising at the beginning. But as time goes by, you can't almost get anything from them. Just like cloud mining before. They will give you earnings at the beginning, but as day goes by, they will give you small earnings up until there's no more. So at least, you got already your free money without waiting for anything that may happen to their platform. Really don't believe much in passive income.
A few days ago, I accidentally discovered 35 CAKE on my wallet BSC. Since I never bought this coin, I assume they were credited to me as an airdrop, presumably from PancakeSwap. I may have needed to place them on the PancakeSwap stack to generate passive income, but I immediately sold them for about $180.
In my experience, if I'll be looking for a passive income in the crypto-verse then I'll choose those projects or coins that have been well known and established. To invest in well-known and established projects or coins I would feel happy. Its up to you to measure the risk of worthiness on this kind of investments. This is my opinion.
Yes, CAKE is a great token.
1. Many pool options for staking with different APYs.
2. CAKE has a token burning plan, this will make CAKE's price continue to rise.
1. Many pool options for staking with different APYs.
2. CAKE has a token burning plan, this will make CAKE's price continue to rise.
Cake performance has been very impressive during the past months and it is most used coin on BSC network as it has constantly paid huge dividends to its investors. This is the reason I think it can be considered as one of the best coin for those who seek passive income in crypto space.
Its current price is around 7 and accumulation is on, any breakout from here can take it to new high.
Cake coin is very popular nowadays on all social Media channels for generating passive income. Its price has increased many folds during the past one month because it is in high demand, as individual investors have shown great interest in this coin for staking their funds and harvest good returns on weekly basis.
Cake was founded in early 2019 by Dr. Julian Hosp and U-Zyn Chua as a way to bring the benefits of passive income into the mainstream through a simple user interface.
Cake DeFi, a platform that allows users to generate cash flow through pooled master node staking and options lending, has created a platform with a clean user interface that allows anyone from the novice to the time-starved investor, to start earning interest on their cryptocurrency with a couple of simple clicks of a button.
It seems to be good, but at the same time it’s still a new project , how far are they ready to take it? Cake was founded in early 2019 by Dr. Julian Hosp and U-Zyn Chua as a way to bring the benefits of passive income into the mainstream through a simple user interface.
Cake DeFi, a platform that allows users to generate cash flow through pooled master node staking and options lending, has created a platform with a clean user interface that allows anyone from the novice to the time-starved investor, to start earning interest on their cryptocurrency with a couple of simple clicks of a button.
That’s if they are not going to end up doing some stupid things that most new projects do these days.
I used to think that when a project doesn’t have an anonymous team they wouldn’t disappoint, but that was wrong because I have seen most of them and their team are not anonymous, but they still ended up doing something very bad to their investors, although some of them do get punished by the government, but the thing is whether you as an investor is going to get your money back, which is a No. There are so many Defi these days and they are mostly the same thing, lending and borrowing.
I did not have knowledge about this. As im checkuing new ones definately check this one.
No for me. I don't have to go through with the project but in my experience, if I'll be looking for a passive income in the crypto-verse then I'll choose those projects or coins that have been well known and established.
They are a better choice than to rely on a project like this. This is my opinion so if someone is an investor and earning passively with this coin, good for you but I just don't want to make the same mistake that I've done before.
Exactly what I wanted to say. You an earn passive income through crypto but don't select meme coins or food coins to do that pick some well established utility projects. They are a better choice than to rely on a project like this. This is my opinion so if someone is an investor and earning passively with this coin, good for you but I just don't want to make the same mistake that I've done before.
Yes, CAKE is a great token.
1. Many pool options for staking with different APYs.
2. CAKE has a token burning plan, this will make CAKE's price continue to rise.
1. Many pool options for staking with different APYs.
2. CAKE has a token burning plan, this will make CAKE's price continue to rise.
The only problem for a passive income model from cryptocurrency was the dump of their coin price.
As long as the price is stable or even rising, its profitable.
You must see that if crypto is moving forward and more adoption was coming from the big company. Even tesla will be bought 1.5 billion worth of bitcoin. As long as the price is stable or even rising, its profitable.
I believe in elon musk lol. So many cake holders were getting a very big return now. I have a few thousand cakes on my wallet and that's a lot of money right now.
As long as the project listed on the pool can provide sustainable development progress and it will make the price will increase. Holding cake will give us more APR compared when we are using another coin to participate in the pool.
The only problem for a passive income model from cryptocurrency was the dump of their coin price.
As long as the price is stable or even rising, its profitable.
As long as the price is stable or even rising, its profitable.
The current Price CAKE is above $4. When we look at its Technical chart ,It has shown tremendous performance during the past 15 Days by rising more than 100% and continuously rising that signifies the Huge investment coming in DEFIs sector. This sector of crypto space has paid Huge dividends to its investors. I think it will continue attracting investors as long as Pay out remains stable.
The only problem for a passive income model from cryptocurrency was the dump of their coin price.
As long as the price is stable or even rising, its profitable.
As long as the price is stable or even rising, its profitable.
You can earn passive income from staking your cake to the pool or farm '
https://pancakeswap.finance/pools
When you are staking cake and that will you more APR to get big passive income from cake.
I just remind you about you can also earn from farm and pool at the same time too. This coin is a good coin to be used as long term investment.
Or you can try to take a look at sovryn.
https://pancakeswap.finance/pools
When you are staking cake and that will you more APR to get big passive income from cake.
I just remind you about you can also earn from farm and pool at the same time too. This coin is a good coin to be used as long term investment.
Or you can try to take a look at sovryn.
Staking using any token is not only $CAKE requires a large amount of capital to get good passive income. I've also staked $CAKE and only got trash because the capital was too small.
I assumed this was pancakeswap and the "cake" token they created, that is a cake defi that is basically what this topic could be mistook for. I do not know if cakedefi that this article suggests could be any good or not because I have no knowledge about it, but I would like to hijack the topic here and mention pancakeswap which is basically uniswap on BNB chain and how awesome that one is.
It is defi, it is cheap unlike all those unreal ethereum fee's, it gives you high APY without any problems, it has been doing it for years but this specific one is for months, it has increased like crazy, and you could basically do whatever you want to do with it. It is freedom and also financial fairness all combined into one, if you would check it out and see what it is all about, you will definitely invest into it, there is no doubt in my mind anyone who researches it will not invest into it.
It is defi, it is cheap unlike all those unreal ethereum fee's, it gives you high APY without any problems, it has been doing it for years but this specific one is for months, it has increased like crazy, and you could basically do whatever you want to do with it. It is freedom and also financial fairness all combined into one, if you would check it out and see what it is all about, you will definitely invest into it, there is no doubt in my mind anyone who researches it will not invest into it.
This coin is really good to be used to earn the passive income from binance platform. When you are using cake and you will be able staking your cake to get the various legit token on binance pool.
I have been participating in the cake staking pool and i have always received some legit coins as my passive income that i can sell it on binance.
I have been participating in the cake staking pool and i have always received some legit coins as my passive income that i can sell it on binance.
yes I agree if CAKE is a good project to get passive income, because I have proven it myself by using a product from CAKE to get passive income until now (I use SYRUP Pool to get passive income, because I think SYRUP Pool is the best product from CAKE to get passive income) and in my opinion CAKE does provide a profitable passive income, so it's only natural that now CAKE is becoming popular and the price has also increased very high.
Considering the APY that you can get when you stake on this coin is a good source for passive income. The only downside was the volatility of the value of this might give you a lose compared on what you earn on your passive income. Most of the DeFi tokens offers a good passive income and they have all downside which I stated above. Its up to you to measure the risk of worthiness on this kind of investments.
Very nice comment. I have been trading and staking CAKE coin for the past six month and have booked great profit. I still don't understand the Value Proposition of Defis. How they can generate such huge profits which no other form of Business can match. The other question which everybody keeps asksing, " Whether this huge payout is sustainable?
Such platforms look and feel like economic games that were popular a few years ago. When you could, for example, buy a tractor for real money and get additional income for it, cultivating the land. As a rule, all these economic games were ordinary ponzi schemes, in which players lost their invested money.
Like free cake? 😂
To me I won't feel at ease if I stake any DeFi projects or go ahead and going their yield farming program because they are DeFi, they can get hacked at any time and that won't be good, if I want any passive income it will be from popular altcoins like NEO
the cake is quite popular for investment nowadays where their staking program is running well until now, of course, this makes the bsc platform more feasible for investment later however the cake will continue to grow, see how the bsc platform makes it easy to invest in cheap gas costs, you don't have to spend a lot of money on fees and quite fast for investment.
Cake made it to the top 100 on CoinGecko and CoinMarketCap. The price for today is already gradually increasing. I think the project is very promising and the coin is good. The token did not grow very quickly, but in the last week it has doubled its value. I will continue to watch it and will invest!
Cake is well above 2.5$ and accumulation is on. A Breakout is likely to happen that can take it to new all time high. It has paid huge rewards to its investors for staking and yield farming. That's why it is in high demand and price is escalating.
https://www.tradingview.com/chart/CAKEBUSD/QZzQviCa-2-90-Cake-busd-looking-to-move-higher/
Cake made it to the top 100 on CoinGecko and CoinMarketCap. The price for today is already gradually increasing. I think the project is very promising and the coin is good. The token did not grow very quickly, but in the last week it has doubled its value. I will continue to watch it and will invest!
Yes cake is very good for passive income. Cake is token own by pancakeswap project which is number 2 in bsc contract address according to transaction.
Cake has auto burn system. Pancakeswap provide staking and farming system where you cam earn different coin like Egld,BNb,twt when you stake Cake system which are limited.
You can also stake cake token to farm cake token which is unlimited because these cake tokes are auto burned by project.
This is obvious that price will go up . when i started investing with this coin price was just 0.25 but at very small amount and now price more than 2.5$ and still increase.
Cake might be a bright future. I missed a chance to trade at least 1000$ when price 0.25. i will buy these token and strongly believe that price will up to 5$.
Cake has auto burn system. Pancakeswap provide staking and farming system where you cam earn different coin like Egld,BNb,twt when you stake Cake system which are limited.
You can also stake cake token to farm cake token which is unlimited because these cake tokes are auto burned by project.
This is obvious that price will go up . when i started investing with this coin price was just 0.25 but at very small amount and now price more than 2.5$ and still increase.
Cake might be a bright future. I missed a chance to trade at least 1000$ when price 0.25. i will buy these token and strongly believe that price will up to 5$.
Very nice comment. I have been trading and staking CAKE coin since past six month and have booked handsome profit. I still don't understand the Value Proposition of Defis, How they can generate such huge profits which no other form of Business can match. The other question which everybody keeps asksing, " Whether this huge payout is sustainable?
I have acquaintances who bought Cake before the huge pump and gain massive profits. Sad that I didn't manage to ride that hype last year.
But as I can see on the chart, it is still a good time to buy cake now. Or wait a little bit to touch the line on the floor for RSI. You can also confirm it with the other indicators but the MA didnt crossed line yet so it may possibly go down further then you can enter and buy it.
But as I can see on the chart, it is still a good time to buy cake now. Or wait a little bit to touch the line on the floor for RSI. You can also confirm it with the other indicators but the MA didnt crossed line yet so it may possibly go down further then you can enter and buy it.
Yes cake is very good for passive income. Cake is token own by pancakeswap project which is number 2 in bsc contract address according to transaction.
Cake has auto burn system. Pancakeswap provide staking and farming system where you cam earn different coin like Egld,BNb,twt when you stake Cake system which are limited.
You can also stake cake token to farm cake token which is unlimited because these cake tokes are auto burned by project.
This is obvious that price will go up . when i started investing with this coin price was just 0.25 but at very small amount and now price more than 2.5$ and still increase.
Cake might be a bright future. I missed a chance to trade at least 1000$ when price 0.25. i will buy these token and strongly believe that price will up to 5$.
Cake has auto burn system. Pancakeswap provide staking and farming system where you cam earn different coin like Egld,BNb,twt when you stake Cake system which are limited.
You can also stake cake token to farm cake token which is unlimited because these cake tokes are auto burned by project.
This is obvious that price will go up . when i started investing with this coin price was just 0.25 but at very small amount and now price more than 2.5$ and still increase.
Cake might be a bright future. I missed a chance to trade at least 1000$ when price 0.25. i will buy these token and strongly believe that price will up to 5$.
No for me. I don't have to go through with the project but in my experience, if I'll be looking for a passive income in the crypto-verse then I'll choose those projects or coins that have been well known and established.
They are a better choice than to rely on a project like this. This is my opinion so if someone is an investor and earning passively with this coin, good for you but I just don't want to make the same mistake that I've done before.
They are a better choice than to rely on a project like this. This is my opinion so if someone is an investor and earning passively with this coin, good for you but I just don't want to make the same mistake that I've done before.
Cake coin is very popular nowadays on all social Media channels for generating passive income. Its price has increased many folds during the past one month because it is in high demand, as individual investors have shown great interest in this coin for staking their funds and harvest good returns on weekly basis.
Cake was founded in early 2019 by Dr. Julian Hosp and U-Zyn Chua as a way to bring the benefits of passive income into the mainstream through a simple user interface.
Cake DeFi, a platform that allows users to generate cash flow through pooled master node staking and options lending, has created a platform with a clean user interface that allows anyone from the novice to the time-starved investor, to start earning interest on their cryptocurrency with a couple of simple clicks of a button.
https://news.bitcoin.com/cake-defi-a-one-stop-shop-for-generating-yield/
Cake was founded in early 2019 by Dr. Julian Hosp and U-Zyn Chua as a way to bring the benefits of passive income into the mainstream through a simple user interface.
Cake DeFi, a platform that allows users to generate cash flow through pooled master node staking and options lending, has created a platform with a clean user interface that allows anyone from the novice to the time-starved investor, to start earning interest on their cryptocurrency with a couple of simple clicks of a button.
https://news.bitcoin.com/cake-defi-a-one-stop-shop-for-generating-yield/
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