Passive income - page 10. | Bitcointalksearch.org

guydin

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Quote from: MadGamer on April 19, 2021, 01:02:39 PM

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

To my mind, the only profitable sphere now is NFT gaming, but it is not about passive incomes. So if you don't want to do anything and just get profit, the best choice for you is to invest in fundamental currencies in the long term and also stake them. Pancakeswap is a good, reliable project, so try it. But in terms of staking, don't invest in new defi projects now, as you will earn their native tokens that fall in the first three days and then don't return to previous levels.

lousie9

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Quote from: aioc on July 23, 2021, 09:45:30 AM

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

Holding only one coin is certainly not a very right decision, considering that there are still many coins that have potential in the future, of course, by entering the farm/pool platform, of course it would be better if we choose several coin pools that have large APY and of course on some BSC platforms also offer many pool Maximizer, maybe can be used as income.

Ulvajaya

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Actually it's better for us to think right and look for passive income, because in making policies or decisions for us to jump into one thing we want to do, there must be risks and sustenance, of course we have to have choices and have our own right reasons. and it will not be in vain to come

MoneyJ

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Apparently almost all DeFi yield passive income. Now, although we have bearish market, is the time to learn how liquidity mining and yield farming work to our advantages. So many DeFis are into it but be careful .

Tumanggor

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Quote from: Alucard1 on July 21, 2021, 09:29:59 AM

If you want passive income then the best thing for this one is being a manager in Axie Infinity, you are not playing on the game but you have the people to play for you, it is profitable as the price of SLP is now higher than before. NFT game is now being prominent all over the world and it is the best start for us to earn money from playing.

You may also go for taking but I do not prefer that one because its not that too profitable compared to other passive income.

I agree with you, playing in Axie Infinity is really promising
OP has a capital of $ 5000, if he only spends $ 1000 then it is very enough to build a character in axie infinity

We really don't know what will happen in Axie's future but for now, that game is highly recommended
if you are lucky and get a "mystic" character then you become rich

Dragonfund

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Quote from: wajik-tempe on July 21, 2021, 10:08:27 AM

For me staking ETH for ETH 2.0 is much more promising since this coin has very strong fundamental since more than 5 years ago. $CAKE is quite new and could be just another hype coin in bullish market back then. So i think for long time passive income, staking ETH is more profitable

Cake are just a price high coin that's probably pump by early investors and traders. Must of this coin that are hype and overpriced are perhaps due to the people behind it.
There are some situation where one of project team may decide to create his own token. The thing is, once users knew it earlier, they will all jumped because of his previous performance from the project.
Now this guy's are so patient and believe and before you know it, the project might start pumping.
One must be careful with all this crypto when it come to alternative way.

Handsome Boy

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Quote from: MadGamer on April 19, 2021, 01:02:39 PM

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

what other method do you mean? because in my opinion staking is the best method to get passive income right now and CAKE is also one of the best altcoin for staking at this time, so I think your choice is right by staking CAKE to get passive income, because it will definitely give you a lot of profit from staking and hold CAKE for the long term.

seleme

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Quote from: Valak on July 25, 2021, 04:32:26 PM

Quote from: MadGamer on April 19, 2021, 01:02:39 PM

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

I think that if you have that much money, even short-term trading will generate greater profits than staking. I've been staking with some coins, but it didn't give me the maximum profit.

But the risks are greater on short-term trading unlike staking. The more you trade the more chances are going up to rip all the capital. The best method is the safest method that gives steady profit over time, I prefer staking as passive income rather than losing investment.

Valak

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Quote from: MadGamer on April 19, 2021, 01:02:39 PM

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

I think that if you have that much money, even short-term trading will generate greater profits than staking. I've been staking with some coins, but it didn't give me the maximum profit.

clarkt

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Staking in network like ethereum or binance smart chain is good in theory and very risky in practise! There have been a lots of flash loan vulnerability on binance smart chain. The security of your fund should be the uttermost priority for you! I will not trust my fund with centralised exchange. I might consider decentralised exchange but I will make sure I am not at risk of being a victim of any hack!

boty

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Quote from: TopTort777 on July 23, 2021, 09:01:41 AM

Quote from: XavierLaurent on July 23, 2021, 08:30:49 AM

Staking might be a good option if you have big useless sum of money laying around. Otherwise its not worth it IMO.

I don't have "have big useless sum of money laying around", but I keep some altcoins on Binance that worth couple of hundred bucks. I did not earn a lot, but still my money works and I get something. There is a good quote "A penny saved is of more value than a penny paid out.
Martin Luther". That is totally correct about passive income with any amount. Think about it at your leisure.

it is good ways to keep our money away from market due market volatility . Staking in binance for some people give them few profits , maybe around 6-8% in a year, but if their coins price rise in bullseason its value will increase alot too. Miss the opportunity better than we lose our money in market. Not alot people care with all of this.

capcaypro

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Passive income in crypto is indeed now a good option in getting benefits but this is certainly a very high risk for me because to get a large passive income every month you have to risk quite a lot of money too of course and you have to think carefully and do it. research first before deciding on this because the risk is very large even though the exchange has a fairly good track record. because no one can guarantee your money here so you have to act wisely.
although this is indeed quite good but I prefer to do trade.

Fredomago

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Quote from: OZmaster on July 25, 2021, 12:29:36 PM

Quote from: aioc on July 23, 2021, 09:45:30 AM

Quote from: MadGamer on April 19, 2021, 01:02:39 PM

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

But I wonder is farming really worth it? Or providing liquidity? Isn't it quite dangerous to ultimately lose money because the staked coins or the coins you use for farming get dumped and decrease in value anyway?

That's value of researching and continuing to follow latest news with the project that you are participating. It's a must to know first what kind of asset you are staking your money before jumping into it and invest.

I like the ideas of finding those new projects who are offering usages coin like axie infinity which serves as very profitable in its hot season, finding those same kind of projects who also have good potentials will allow your money to work for you.

Dedicate your time is also important in quest to find the right valuable assets that will make your journey very successful.

OZmaster

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Quote from: aioc on July 23, 2021, 09:45:30 AM

Quote from: MadGamer on April 19, 2021, 01:02:39 PM

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

But I wonder is farming really worth it? Or providing liquidity? Isn't it quite dangerous to ultimately lose money because the staked coins or the coins you use for farming get dumped and decrease in value anyway?

toast

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Quote from: MadGamer on April 19, 2021, 01:02:39 PM

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

I'm not sure about staking, since if you stake your coin and the market goes down, you would not be able to sell them but the good thing about that is that you would have more of that staked coin. I think having a passive income comes from different forms probably you should take consider on mining also?

livingfree

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Quote from: Republikcoin.com on July 22, 2021, 09:06:44 AM

Quote from: livingfree on July 22, 2021, 06:25:36 AM

I still don't think that staking ETH would be a good idea at the moment. I am an Ethereum holder but by calculating the stake profitability, I don't think that it's good to take the chance and have your funds lock in some platforms.

Wait until its fully implemented that you can remove or withdraw it at anytime. But owning Ethereum for now is a good idea and investment. Well, just as holding bitcoin, the profit that you'll get when its price goes up is worth it.

Staking Ethereum is a good decision and has a low risk. Instead of just storing it and not increasing it, staking Ethereum is wiser because it will increase the amount of ETH you have in your wallet.
In accordance with the amount of money OP is $ 5000 , then the best option is to participate in a staking pool that is official and has a good reputation.
You can get 2.6 ETH for staking in the pool later.

Here's a list of recommended staking pools: https://beaconcha.in/stakingServices

Thanks for that list.

That's good information to see that there are a lot of staking services already that are in existence. But I'd be careful with all of them and just have to wait for the official release of it.

Binance even got one but you need to lock it for a long time.

taufik0911

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if you want passive income my recommendation is to buy a turbine generator and buy an antminer
when we mine using electricity the problem is the high cost but if we buy a tubin generator then our profit is 100%
we can get 2 profits from mining and trading results
this is just my opinion, maybe someone has a better opinion than me here?

TribalBob

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Quote from: Refrumatrix on April 19, 2021, 01:19:37 PM

Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?

right, does it not affect our coins that we bet? I personally am still confused in this staking case.
where many of my friends suggest staking to get passive income by staking and farming but I'm still confused in its implementation

aioc

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Quote from: MadGamer on April 19, 2021, 01:02:39 PM

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

mksundip

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Quote from: MadGamer on April 19, 2021, 01:02:39 PM

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

the bsc network is busy to talk about because of the bsc's liquidity. here bsc for passive income does not matter as long as it is correct at the initial goal and not wrong in choosing coins on the bsc network

Topic: Passive income - page 10. (Read 3233 times)