Passive income - page 14. | Bitcointalksearch.org

KaliLinux

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Quote from: In the silence on April 19, 2021, 12:11:45 PM

Quote from: MadGamer on April 19, 2021, 12:02:39 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.

Thats a great choice, I can suggest that you must read BNB, Binance and BSC. So that you will know how important BNB in their BSC ecosystem. Cake is good, it was created under Binance.

BNB has staking and vaults that has the very decent apy offer out there.

I hope I help you even little.🙂

Binance is a good option like you mentioned. I held my BNB in the vault for a couple of months in the past because I wanted to be able to move them any time I wanted if the need arises and even though not many earnings I was ok with it and it worked out for me well.

Scripture

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Quote from: MadGamer on April 19, 2021, 12:02:39 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 is one of the best passive income right now but it will always depend on the tokens you are staking, there's an APY to know how much you can earn but don't expect that much if you are just going to stake small amount of money, its not that a real big deal in short period of time. You can check $BANANA, they also have a good offer on staking.

electronicash

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Quote from: LeastComicStanding on May 30, 2021, 01:57:42 AM

There are also opportunities in crypto games. Some of them like RPlanet and Alien Worlds aren't very "fun" games, but you can buy items that can give you passive income with the games. "Land" is usually the biggest one, where you buy it and either stake it or people mine on it, and you earn.

For crypto games, the land sales can be risky and are usually much cheaper at game launch, but if the game does well, the prices skyrocket so you not only have a passive income but also hold a highly valued asset too. So it is wise to search out new crypto games and sign up for the initial NFT sales, be it land, items, characters, etc...

heard about it. Metaverse seem to the leader in this kind of projects. i was also interested to play on mobile phones where a dapp provides steady income for the game that has its own token. still is a staking method actually. very famous game on EOS dapps actually but it will take time to learn the mechanics of the game.

if you have to stake you will need a huge capital for it like $30k to possibly earn more than $3 a day quite not worth it. casino tokens that distribute dividends every day is what you might be interested in.

Psynthax

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Quote from: Refrumatrix on April 19, 2021, 12:19:37 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 ?

True, I also have been seeing some option for my passive income and just imagine staking $50K only earns us less than $100 sounds kinda ridiculous, but the higher APR option usually have rather volatile investment form like telling us to stake in this certain form of cryptocurrency making it less interesting. but those kind of high volatility staking really profitable in the time of bullish but not bearish, i'm more interested in liquidity providing and the like to get a little bite of those airdrops from the platform, etc basically want to repeat the history of 1inch airdrop and uniswap but still wonder whether there's any such platform left.
Defi on the other hand is quite interesting but the problem is if there's any exploit in their smart contract then be ready to turn our precious money to dust. Kinda confused rn Huh

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LeastComicStanding

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There are also opportunities in crypto games. Some of them like RPlanet and Alien Worlds aren't very "fun" games, but you can buy items that can give you passive income with the games. "Land" is usually the biggest one, where you buy it and either stake it or people mine on it, and you earn.

For crypto games, the land sales can be risky and are usually much cheaper at game launch, but if the game does well, the prices skyrocket so you not only have a passive income but also hold a highly valued asset too. So it is wise to search out new crypto games and sign up for the initial NFT sales, be it land, items, characters, etc...

Ararbermas

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Quote from: MadGamer on April 19, 2021, 12:02:39 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.

that's a good idea mate especially on this situation wherein some of the common way to get passive income seems very skeptical to do right now.. And yes there's a BNB as well if you're still looking for staking, i highly recommend this one as its keeps increasing the price and has big potential to increase more in the future than other projects that staking. Indeed this is so popular so there's a possibility you can obtain good passive income afterwards.

wayaneka

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Staking is great way to earn passive income, but there are also the risk. The risk is the high fluctuacion of the tokens, the high fluctuations cannot compensate with the rewards of staking. I think to earn stable passive income continously , better to stake stable coin like USDC, BUSD or USDT. Staking on the decentralized platform is more secure because we have the private key, so we have full control with our fund.

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Quote from: MadGamer on April 19, 2021, 12:02:39 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.

In my opinion there are currently no other profitable methods besides staking, so staking is the right choice to earn passive income, because you don't lose your CAKE and instead your CAKE will continue to increase as long as you do staking, especially with $ 5000, then of course pasive income that you earn can be very big.

Saisher

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Quote from: MadGamer on April 19, 2021, 12:02:39 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.

You can make a passive income by just holding a good coin alone, adding liquidity is also a good way to make the passive income I've seen many people doing it, it's safer because it's a smart contract-based just pick the right DEX to add liquidity, also have you tried Idena it's mining where you can make a passive income by just mining it.
Just don't engage in investing in new coins that promise you that it is the next big thing, I have a lot of bad experiences on these projects.

zasad@

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Quote from: MadGamer on April 19, 2021, 12:02:39 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.

Read my article
How not to lose money on farming?
https://bitcointalksearch.org/topic/how-not-to-lose-money-on-farming-5276515
Don't invest in a scam. Better to invest in a stablecoin / stablecoin uniswap pool. Approximate profit is 8-15% per annum.
But this is better than losing all the money.

flagpara

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Quote from: MadGamer on April 19, 2021, 12:02:39 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.

If you are giving your time on passive income, maybe you will find a way. 5000 USD isn't a low value to make a good investment. Your investment profit will be more than your staking rewards. The CMC and Bitcoin market are getting stronger at a dip price. This isn't a bear market to focus on a staking program, even the bear market won't come in a few days.

tippytoes

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Quote from: sapnu on May 29, 2021, 05:37:43 PM

Staking can probably be an effective way to earn passive income from a certain coin but it would require a lot of time and proper timing before you csn enjoy the ease of having a passive income. There might be a lot of good coins in the market but there are only few that is effective for staking. If ever you do not want to feel the urge of wanting more profit from a holding, staking is not advisable. Long term holding would be the better way for you to gain massive profit from a certain coin.

If you are advising to use the long-term holding option, then, why not while holding, stake your coins? At least, while waiting for the right time to sell, you are still earning from your coins. Also, stake it in a reputable platform like Binance. Because at least your funds are secure with their insurance in that platform. Or if you don't want to stake, you can also opt for flexible savings in binance, so you can redeem it anytime you want. Because with locked staking under binance, you will choose what terms you want - 15/30/60 days of holding.

sapnu

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Staking can probably be an effective way to earn passive income from a certain coin but it would require a lot of time and proper timing before you csn enjoy the ease of having a passive income. There might be a lot of good coins in the market but there are only few that is effective for staking. If ever you do not want to feel the urge of wanting more profit from a holding, staking is not advisable. Long term holding would be the better way for you to gain massive profit from a certain coin.

GreatArkansas

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Quote from: MadGamer on April 19, 2021, 12:02:39 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.

Yes, you should consider farming can lead you to losses because of its impermanent losses when you are farming or adding a pool in liquidity.
There are lot of farmers that don't know about impermanent losses and being lured with high APR/APY.
My best advice now is lending, although very low APY/APR, but the interest is being paid for what you deposited, like on Aave.

tsaroz

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Pancakeswap do provides one of the highest staking rewards and farm pool rewards on the market. Don't know how it does but it do. The rewards from liquidity pools from different exchanges as well as the lending percentage of USDT is down as the market is getting bearish. Regular stable coin interest paying services like youhodler and nexo are too one of the better options for stable coin staking.

raji1995naya

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There are services that pay you in USDT but are centralized, and I believe there are numerous options in the various liquidity providers to keep control of your currency.
Buying Bitcoin, in my opinion, is still a terrific way to see your money increase.

lalabotax

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I don't know whether staking will be really worthy or not because it may require some term.s I personally will prefer to hold some certain coins in order to get higher portfolio assets. However, is that Cake staking very worthy and give enough profits?
I know that the best passive income is by having the real business in the world and we are only waiting for the income without any working anymore. But if in crypto, it may be about staking and saving solutions.

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Quote from: MadGamer on April 19, 2021, 12:02:39 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.

There are some ways to earn passive income such as
1. Mining
2. Trading
3. Staking
4. By selling your services.

You have $5000 and you have decided to stake your asset. Staking is a hassle-free method. But the problem is that you will have asset lock for a long time and the profit is less. In the current green market, I think it will be more profitable to trade. This will allow you to make more profit in less time.

MFahad

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Quote from: MadGamer on April 19, 2021, 12:02:39 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.

You have many options to earn money if you have 5000$. If you do not want to do active trading, then the best thing is to involve in staking of coins either at the pancakeswap or at binance. Staking in crypto gives far more better returns as compare to the interest you receive if you keep the fiat money in the bank.

ardentvolcanoes

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Quote from: Amejoaquim on April 19, 2021, 04:47:38 PM

I just have 2 passive income from crypto.

1 i got from my vga which is mining.

2 i got it from ARPA and ROSE, just staking in binance. BTW for this staking i choose to take 6 months method.

It's amazing, but I prefer point number one because the VGA is what works for us where we can always reap the results, for the second point I don't like it because the 6 month method in my opinion is a little long to wait.

Option 2 is long for sure but if the project performed well then the success is really decent, finding the coin / asset for that 6 months investment might be the challenging part since there are always two possibilities.
Make a mistake then your investment will lose or make a good call and gained huge amount of profits,, everything will relies from how you conceptualized your success whichever way you decide to place your investment.

Topic: Passive income - page 14. (Read 3296 times)