Less Risky Modes Of Earning In The CryptoSpace That Should Be Considered.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: irhact on June 25, 2024, 02:31:39 PM

Quote from: ShayLegal on June 18, 2024, 02:33:39 AM

A lot of these abound. Ranging from passive earning opportunities like staking, farming and lending, newer frameworks like PoolX are currently having a field day. With the PoolX, users are given an opportunity to stake USDT, $BGB & Other alts to mine other good tokens.

Let me know what you think about these kinds of ways to earn.

They're risky and you can lose your tokens after you stake them on the platform. The best way of earning is investing or trading as you have control in this two ways of earning. When you're trading, you're going to decide when you're going to stop anytime but for some of the platform that has staking, they're the ones to decide when you're going to be able to unstake, they'll have different options but you still have to choose form their choices.

Staking can make you to miss the best time to sell your tokens that you're holding, I had a friend that use a staking platform and he needed to wait 90 days before he can unstable but when he was able to unstake, his tokens has already lost alot of value and he regretted using the platform for staking. Beside you don't know how valuable the new tokens that you'll be receiving is going to be.

Some do even considering on farming out those coins and really that getting hook with those good % APY's without even trying out to think about those risks probabilities that could happen.
Well, this is something that falls down into someones personal choice because not all would really be that risks takers for them to have such approach towards on that they are investing into.
When dealing up with investment in crypto or into those traditional investment as well on which you would really be needing up to consider on what are the risks involved so that on the moment
that you would really be tending to make out those kind of approach is that you could really be able to adjust accordingly and find for yourself on which method or ways that works for you.

irhact

hero member

Activity: 616

Merit: 749

Quote from: ShayLegal on June 18, 2024, 02:33:39 AM

A lot of these abound. Ranging from passive earning opportunities like staking, farming and lending, newer frameworks like PoolX are currently having a field day. With the PoolX, users are given an opportunity to stake USDT, $BGB & Other alts to mine other good tokens.

Let me know what you think about these kinds of ways to earn.

They're risky and you can lose your tokens after you stake them on the platform. The best way of earning is investing or trading as you have control in this two ways of earning. When you're trading, you're going to decide when you're going to stop anytime but for some of the platform that has staking, they're the ones to decide when you're going to be able to unstake, they'll have different options but you still have to choose form their choices.

Staking can make you to miss the best time to sell your tokens that you're holding, I had a friend that use a staking platform and he needed to wait 90 days before he can unstable but when he was able to unstake, his tokens has already lost alot of value and he regretted using the platform for staking. Beside you don't know how valuable the new tokens that you'll be receiving is going to be.

Peanutswar

legendary

Activity: 1708

Merit: 1280

Top Crypto Casino

Every month or year theres a new trend in the crypto space I was there before the play to earn become trend after that is the NFT people keep grinding their discords to get eligible to be part of the whitelisting, and next is the play to airdrop the current trending now but those don't have an assurance you will get an earning and after the NOT coin become trending a new trend now comes which is Tap to earn every time there's a change with the trend so if you want to get a ride with the earning in crypto you must need to keep updated with these. Don't limit yourself what you've experienced before always seek the chance to earn.

Rengga Jati

hero member

Activity: 2072

Merit: 656

royalstarscasino.com

Just like in the real world, it would be much better if we didn't just rely on 1 thing as a source of income. However, make sure that we are really able to handle it well and do it optimally. It doesn't have to be done quickly and at the same time. But, it's possible to do it step by step. Once we are really a little established, we can continue to learn various other things.

Crypto space, as you said, provides lots of opportunities for us to get profits. It's true.

Maus0728

legendary

Activity: 1904

Merit: 1563

Quote from: Davidvictorson on June 18, 2024, 04:00:14 AM

I did my research on staking some time back and it looked like something that I will be willing to try in the future. However all of the modes of earning passive income have risks even staking. For example, due to the volatile nature of cryptocurrencies and fall in price will easily outweigh the rewards that the individual can earn from staking. In addition, the counterparty risk. I think I will be able to take on the other risks of minimum lock up and the waiting period for each blockchain to get back my coins but can bear the former. I think that Crypto lending bears the same risks but it is even better than staking.

The problem with staking is that, you're going to be putting or locking your crypto for a really long time and the money or crypto you'd earn from that staking isn't really a lot of money anyway so I don't think that it's worth doing so unless you've got like a lot of it locked in some centralized exchange or wallet which isn't really good idea to do so given that it's a risky thing for you to do so since it's a centralized exchange after all. For me, I feel like there should be more ways that you can make money in the crypto space but I'm all for the safety of more people rather than the money making opportunities, it's a really bad thing for your image as a crypto investor if you get scammed because you wanted to make more money, probably best if you stick to just doing DCA for now if unsure of what to do when it comes to making some profits in crypto.

Lanatsa

hero member

Activity: 2968

Merit: 687

Quote from: ShayLegal on June 18, 2024, 02:33:39 AM

A good number of mechanisms exist to enhance earning in the CryptoSpace. Most times, it is ideal to explore a few of them.

A lot of these abound. Ranging from passive earning opportunities like staking, farming and lending, newer frameworks like PoolX are currently having a field day. With the PoolX, users are given an opportunity to stake USDT, $BGB & Other alts to mine other good tokens.

Let me know what you think about these kinds of ways to earn.

When it comes to risks then there's no exemption for that. Based up on the things mentioned.

1. Staking- profits would really be that still affected on the moment that you would be unstaking since most of these set ups are locked within a year and even if does have that
good APY but if the coin/token value drops then it would really be still a loss for you or simply not worth.

2. Farming and lending?- Yes, on some point but im not really that much confident if ever i would really be passing up my funds just to farm up some more.
Nothing beats out if you do really just that simply hold your coins.

The only thing that i do want to do is to trade up. Yes, it is more on active manner or does need up effort but im not really that a fan
or having the patience that i would really be holding up for too long but well it would really be just that a matter of preference since not all would
really be having on the same approach with investment.

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: Wapfika on June 23, 2024, 12:22:55 PM

Quote from: ShayLegal on June 18, 2024, 02:33:39 AM

A lot of these abound. Ranging from passive earning opportunities like staking, farming and lending, newer frameworks like PoolX are currently having a field day. With the PoolX, users are given an opportunity to stake USDT, $BGB & Other alts to mine other good tokens.

Let me know what you think about these kinds of ways to earn.

This is same with the traditional staking feature since the mechanics is just the same user lock their tokens in exchange for mining different tokens. You can do this feature on Beefy finance and other DEFI that focus on optimizing pools.

Staking is indeed one of the safest feature on crypto to earn but you can up still on loss even after gaining passive profits if your main tokens stake decreases in price. Even stablecoins sometimes depegged below 1 dollar so this method is still not 100% safe from risk.

Casino staking is one method too on gaining passive profit since they use their casino profit to distribute for investors stake money.

I guess the one thing that distinguish this method compared to the usual DEFI staking pool is probably the fact that the project allocate specifically for the exchange to make their launchpool because they have partnership or some sort and the allocation is few times bigger compared to those DEFI.

kinda speaks volume what partnership could do, most of the DEFI just getting scraps from their pool since the token creator usually don't allocate that much to the DEFI unless its some less reputable and famous project. In the case of bitget, bybit, and binance, they essentially just exchange exposure to the billions capital dollar money of their userbase in exchange to token allocation for incentivizing their userbase.

personally though, i find something like megadrop in binance or token splash in bybit to be more interesting, no need to stake money just trade and interact with the project that's it. eliminates the risk of volatility and losing peg too as you mentioned.

Wapfika

hero member

Activity: 1288

Merit: 564

Bitcoin makes the world go 🔃

Quote from: ShayLegal on June 18, 2024, 02:33:39 AM

A lot of these abound. Ranging from passive earning opportunities like staking, farming and lending, newer frameworks like PoolX are currently having a field day. With the PoolX, users are given an opportunity to stake USDT, $BGB & Other alts to mine other good tokens.

Let me know what you think about these kinds of ways to earn.

This is same with the traditional staking feature since the mechanics is just the same user lock their tokens in exchange for mining different tokens. You can do this feature on Beefy finance and other DEFI that focus on optimizing pools.

Staking is indeed one of the safest feature on crypto to earn but you can up still on loss even after gaining passive profits if your main tokens stake decreases in price. Even stablecoins sometimes depegged below 1 dollar so this method is still not 100% safe from risk.

Casino staking is one method too on gaining passive profit since they use their casino profit to distribute for investors stake money.

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Staking is definitely good, if you are doing PoS coins, but not staking for decentralized exchange tokens, because that is not the way to go, most of them are terrible. Like for example if you have ETH, and you stake it, then I would say that it s a good one and I would suggest you do that, not only ETH will go up, but also you would stake it as well. But if you want to stake uniswap token, or CAKE or something like that, then I would suggest staying away from it as much as you possibly could.

I believe that the best thing to do for long term good strong investment would be picking a top coin, then try to make money using that, because money making you more money is the oldest and most successful method of getting richer for people.

benalexis12

full member

Activity: 896

Merit: 117

PredX - AI-Powered Prediction Market

Quote from: ShayLegal on June 18, 2024, 02:33:39 AM

A good number of mechanisms exist to enhance earning in the CryptoSpace. Most times, it is ideal to explore a few of them.

A lot of these abound. Ranging from passive earning opportunities like staking, farming and lending, newer frameworks like PoolX are currently having a field day. With the PoolX, users are given an opportunity to stake USDT, $BGB & Other alts to mine other good tokens.

Let me know what you think about these kinds of ways to earn.

In the situation of the market now that we are in the current correction, only staking or farming is really seen as a good thing to do right now. It's even better somehow, and at least you avoid stress for sure. Short-term trading is difficult and ugly.

Unless you are an expert scalper, you can really make a profit there. But like I said, veterans and those who do that, just look at them as if they are really professional traders.

yhiaali3

legendary

Activity: 1848

Merit: 1982

Fully Regulated Crypto Casino

I'm seeing a lot of talk lately about PoolX as well as Bitget exchange's token(BGB) and Bitget Wallet Token (BWB) which was up over 40% yesterday.

It looks good and promising to me, you will get good returns from tokens by staking USDT or BGB to mine the tokens of your choice while preserving capital, but in general I think it will not last long like the rest of the things that shine in the crypto sky strongly and then fade away. So you should take advantage of it quickly while you can.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Yeah its great but its also war of capital at the end of the day I think the one that benefitted the most is the people that can provide capital significantly higher than the rest, I remember joining similar thing in binance with few grands and ended up getting coin that's not so worth it at that point I know that the staking event is too crowded with competition, moreover even the cap on amount to stake doesn't do something, most people stake using multiple accounts, but considering from the perspective of people that have money and don't know how to take advantage of it, staking in these launchpools usually fare better than providing lending or staking, the APY offered is usually higher.

but I wonder if it is gonna be quite different situation if the market were bearish though, since this method of launchpools relies heavily on the fact that there need to be emergence of new project that could reach billions of value, it will not be so effective in bearish because most of the project released at that time have tendency to dump instead and usually there are too few of a project to emerge.
so this method of investment probably won't last long, at best it will just re emerge at every new start of bullish cycle so not really an investment that can be relied on.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

I'm just more familiar with staking because it was a way to get passive income at the beginning of the emergence of crypto apart from mining which requires equipment, while farming and lending are things I've never done, especially the latest PoolX, so for the last third I don't know the risks faced, whereas for staking currently, it is much riskier than a few years ago because price movements are very fast, especially if we choose the wrong coin, even though our tokens/coins can increase, their value can decrease greatly so that losses will be incurred because when we want to sell capital and the staking results the value is not the same as the capital that has been issued.
If someone is successful with farming, lending or PoolX then that's good but if they don't really understand how it works then just do spot traders will be better because they already know the risks.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: ShayLegal on June 18, 2024, 02:33:39 AM

A good number of mechanisms exist to enhance earning in the CryptoSpace. Most times, it is ideal to explore a few of them.

A lot of these abound. Ranging from passive earning opportunities like staking, farming and lending, newer frameworks like PoolX are currently having a field day. With the PoolX, users are given an opportunity to stake USDT, $BGB & Other alts to mine other good tokens.

Enhance huh? Or maybe to make the people lose more? Cheesy

, but no joke because if there are new mechanisms, it will also get infested by the scammers and hackers. In fact, over the past few years, a lot of staking, farming, and lending platforms have been reported to lose a lot of money due to scams and hacks that occurred.

Anyways, I think I've already heard that PoolX you are talking about there before but I didn't knew that it also worked like that because I always thought that staking only allows us to earn the same coin or a coin from other project but it was only one or two of them, while the ones you said there seems to be not only limited to it and they are good tokens too? Cool.

ShayLegal

newbie

Activity: 49

Merit: 0

Quote from: AmoreJaz on June 19, 2024, 05:52:05 PM

Quote from: Bournesparks on June 19, 2024, 03:00:34 PM

Quote from: Davidvictorson on June 18, 2024, 04:00:14 AM

I did my research on staking some time back and it looked like something that I will be willing to try in the future. However all of the modes of earning passive income have risks even staking. For example, due to the volatile nature of cryptocurrencies and fall in price will easily outweigh the rewards that the individual can earn from staking. In addition, the counterparty risk. I think I will be able to take on the other risks of minimum lock up and the waiting period for each blockchain to get back my coins but can bear the former. I think that Crypto lending bears the same risks but it is even better than staking.

Yeah staking has some risks but I think there's an innovative method of it rn. PoolX Op mentioned something similar. APr recorded is pretty good too in a short while and it's flexible.

Staking is only profitable if the coins you are dealing with has an upward growth. Otherwise, you will just be wasting your resources and will wait for negative ROI. That is the dilemma of most stakers as well as farmers, if the coin or token is not increasing its value, you will be on the negative end of this endeavour.

I have tried staking and farming, and I can say, I won't consider it as low risk because if you happen to deal with alts whose growth is declining and not the upward movement, you are screwed. And knowing the alt market, we all know that very few of these alts can grow overtime, let alone survive. So if you can't keep up with their developments, better not to involve yourself to that project. Because in most cases, you will be holding bag of worthless coins/tokens once you decide to discard them in the market. Most of them are only good for short-term trading. Once you hold them longer, they can easily lose value because most of them have crappy background.

I get your point buddy and fears alike. However, you'd advert your mind to the fact that passive earning opportunities are still very integral.
I'd recommend you looking into frameworks like PoolX on Bitget, you just need to simply stake USDT or $BGB to Mine other tokens you believe in. Tokens like $ONG and $APRS ranked as one among the top tokens you'd stake to earn recently.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Bournesparks on June 19, 2024, 03:00:34 PM

Quote from: Davidvictorson on June 18, 2024, 04:00:14 AM

I did my research on staking some time back and it looked like something that I will be willing to try in the future. However all of the modes of earning passive income have risks even staking. For example, due to the volatile nature of cryptocurrencies and fall in price will easily outweigh the rewards that the individual can earn from staking. In addition, the counterparty risk. I think I will be able to take on the other risks of minimum lock up and the waiting period for each blockchain to get back my coins but can bear the former. I think that Crypto lending bears the same risks but it is even better than staking.

Yeah staking has some risks but I think there's an innovative method of it rn. PoolX Op mentioned something similar. APr recorded is pretty good too in a short while and it's flexible.

Staking is only profitable if the coins you are dealing with has an upward growth. Otherwise, you will just be wasting your resources and will wait for negative ROI. That is the dilemma of most stakers as well as farmers, if the coin or token is not increasing its value, you will be on the negative end of this endeavour.

I have tried staking and farming, and I can say, I won't consider it as low risk because if you happen to deal with alts whose growth is declining and not the upward movement, you are screwed. And knowing the alt market, we all know that very few of these alts can grow overtime, let alone survive. So if you can't keep up with their developments, better not to involve yourself to that project. Because in most cases, you will be holding bag of worthless coins/tokens once you decide to discard them in the market. Most of them are only good for short-term trading. Once you hold them longer, they can easily lose value because most of them have crappy background.

Bournesparks

jr. member

Activity: 179

Merit: 3

Quote from: Davidvictorson on June 18, 2024, 04:00:14 AM

I did my research on staking some time back and it looked like something that I will be willing to try in the future. However all of the modes of earning passive income have risks even staking. For example, due to the volatile nature of cryptocurrencies and fall in price will easily outweigh the rewards that the individual can earn from staking. In addition, the counterparty risk. I think I will be able to take on the other risks of minimum lock up and the waiting period for each blockchain to get back my coins but can bear the former. I think that Crypto lending bears the same risks but it is even better than staking.

Yeah staking has some risks but I think there's an innovative method of it rn. PoolX Op mentioned something similar. APr recorded is pretty good too in a short while and it's flexible.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Even I hate this kind of repeated subjects, I like to contribute because they always come up with the greatest discussions to have, and then they just put some shitty stuff in there to spam for some reason and ruin the first post, but if you ignore that then the discussion itself is not that bad at all.

I feel like we should be considering risky ways, like leverage futures and such, as not a great way because it is a way to make a lot of money all right away, but it is also a terrible way if you are not careful about it as well. I personally believe that if you do what you need to do, then you are going to be doing fine, and nothing will change much. You should consider how to do better, with whatever you have without a trouble as well.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: ShayLegal on June 18, 2024, 02:33:39 AM

A good number of mechanisms exist to enhance earning in the CryptoSpace. Most times, it is ideal to explore a few of them.

A lot of these abound. Ranging from passive earning opportunities like staking, farming and lending, newer frameworks like PoolX are currently having a field day. With the PoolX, users are given an opportunity to stake USDT, $BGB & Other alts to mine other good tokens.

Let me know what you think about these kinds of ways to earn.

While staking is a good passive income, as bitmazx said about the risks of it, you do you when it's come to staking.

Whether you use a centralized exchange, a defi or any kind of platform that won't account you to hold your own keys, the risk is there. You earn from your own crypto but you do have to consider somethings.

But whichever works for you, that's where you should dwell on. What works for most is about holding, it's still passive but the value will grow depending on the price of the crypto you hold.

Dr.Bitcoin_Strange

hero member

Activity: 770

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Staking coins is not a new strategy for earning more crypto, but it is not a zero risky thing to do. If you connect your wallet to some of those platforms, you might get your wallet compromised, and your asset can be lost. The same thing can also happen when you stake your coins on a centralized exchange, but in a different scenario. CEX can be hacked, or you may face other situations that might result in the loss of funds. One must be aware of the risk and willing to handle the outcome should anything go bad before they can venture into such an idea.

I have staked some coins in the past via DEX (pancakeswap and one other swap dex, but I can't remember the name), on CEX, and also on TrustWallet, and the profit was so low, so low that I just had to stop. Since I lost interest in altcoins, I just stopped accumulating them for the time being, but I have had many friends convince me to start accumulating some coins that have their own blockchain, and while I was checking a few out some days ago, I also had in mind to just buy them and just stake them right in my wallet.

Topic: Less Risky Modes Of Earning In The CryptoSpace That Should Be Considered. (Read 239 times)