Topic: Passive income - page 2. (Read 3263 times)
it also depends if you like a little gambling , i tryed to take part in some play to earn projects in an early stage but there are lots of them and you gotta be lucky to be in the flying one , but for sure it can be a good passive income
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 a great way to earn passive income.Stakenet has developed multiple staking solutions that are accessible to everyone. They could start even for as little as 1 $XSN:
• XSN Cloud Pooled Staking
• Normal Wallet Staking
• Cold Staking(TPoS)
Now coinmarketcap is not in a stable position so it is very difficult to make passive income by investing in any market at this time. At this time, investing in altcoin to earn income is full of risk. It doesn't take long for the wheel to turn in whichever moment. Investing long term in the top coin of Coinmarketcap is completely different.
Previously I thought the bull market would last for a short time but that's different from what I thought, currently the crypto market is still in a stable phase, where many altcoins are increasing like BTC (though not all). and if you want to get passive income, do farming within a certain time / according to your taste, the cost of trading pancakes is very cheap, you can do it there CAKE and AXIE may be suitable. good luck
Now coinmarketcap is not in a stable position so it is very difficult to make passive income by investing in any market at this time. At this time, investing in altcoin to earn income is full of risk. It doesn't take long for the wheel to turn in whichever moment. Investing long term in the top coin of Coinmarketcap is completely different.
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 many ways to get passive income in crypto, staking on Pancakeswap is only one of them, now it is more developed, such as farming using NFT, this type of farming is usually in blockchain games, the item you get is NFT, and when a player has many items in the game , players can do farming there using the items they have,quite profitable because you can also sell your items in the marketplace, usually NFT games have their own marketplace.
But still when you lock up your coins for staking on Pancakeswap isn't there immense risk that the volatility of the coins you are staking will eventually undermine or even destroy any gains you make if you are unlucky? It is not 100% safe to stake, is it?
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 many ways to get passive income in crypto, staking on Pancakeswap is only one of them, now it is more developed, such as farming using NFT, this type of farming is usually in blockchain games, the item you get is NFT, and when a player has many items in the game , players can do farming there using the items they have,quite profitable because you can also sell your items in the marketplace, usually NFT games have their own marketplace.
Staking with CAKE is quite good because this project has many participants contributing liquidity as well as trading on it. This project is backed by Binance so it will be stable in value. The ecosystem of Binance Smart chain is growing strongly so investing and CAKE is a safer move than other DEFI projects.
Yeah.
That's the drawback of it but most of the projects that are attaching their new projects to BNB/BSC is mainly because of the popularity of Binance.
And in that case, they don't think or realize its centralized network or they do but just ignores that fact and goes for a quick exposure because of the said network.
They are not caring about it since they wanted to have a quicker exposures of their project, BSC provides low transactions fees which commonly being look by traders and investors.
But likewise, the danger is there since binance already gained power over this industry, the after effect if ever that sudden things happened it will reflect and affect every assets/projects that are now working inside this chain. We also need to consider that before taking our steps picking project to support.
Every one is interested in binance and BSC which provides such low transaction fees.
But in coming time may even better projects may come .
Yeah.
That's the drawback of it but most of the projects that are attaching their new projects to BNB/BSC is mainly because of the popularity of Binance.
And in that case, they don't think or realize its centralized network or they do but just ignores that fact and goes for a quick exposure because of the said network.
They are not caring about it since they wanted to have a quicker exposures of their project, BSC provides low transactions fees which commonly being look by traders and investors.
But likewise, the danger is there since binance already gained power over this industry, the after effect if ever that sudden things happened it will reflect and affect every assets/projects that are now working inside this chain. We also need to consider that before taking our steps picking project to support.
To get passive income at this time of course BNB is one that we must consider, then for now the BSC network continues to grow and this will have a positive impact for binance and the price continues to increase until now, to invest in the coin is the right choice and you can also glance at other coins whose prices are also being increased such as ethreum and TKO that we can currently rely on.
It is becoming noticeable that BNB and BSC is getting the traction although it's already popular.There's more projects that are running on BSC and carries the popularity of BNB because of its chain.
The problem with the BNB Chain is that it is largely centralized or the few nodes are mainly from Binance. Apart from the fact that this is not in the spirit of crypto, this is also fundamentally a danger. Binance is a company that has so far been able to successfully evade any control and regulation. If the company is banned, the chain will also be dead and any assets on the chain will be worthless.
That's the drawback of it but most of the projects that are attaching their new projects to BNB/BSC is mainly because of the popularity of Binance.
And in that case, they don't think or realize its centralized network or they do but just ignores that fact and goes for a quick exposure because of the said network.
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.
Is it possible with the staking system to get passive income. If the price of crypto drops, of course you also experience losses. I am more interested in trading than staking systems. Staking stablecoins is likely to give you an advantage. However the stable coin APR is very low.
I think it's worth considering and also cake is a good coin and is on the bsc network, at least it won't go down far and it's currently in the top 100 cmc, so staking cake will be safe in my opinion even if it's done in the long term and your main goal is to get interest .
Cake coin has good potential to increase in price, because it is connected with the decentralized exchange Pancakeswap. So, it won't be a bad decision if anyone going to stake Cake coin now. Moreover, it will be better to divide the investment into some part and stake different promising crypto. Staking ETH, BNB & TRX could be profitable as well. 
That's a great choice. I believe $CAKE is the best for staking. You will also get a good profit when $CAKE will hit their ATH and cross the ATH. You can also think about long-term investment in BTC or Ethereum or any other good coin. Because the crypto market is continuously increasing. Today BTCs price is 46K$ tomorrow maybe it will 50K$. So if you think that it can give you good benefit then you should invest 50-50 in both. 50% for staking and 50% for long-term investment.
To get passive income at this time of course BNB is one that we must consider, then for now the BSC network continues to grow and this will have a positive impact for binance and the price continues to increase until now, to invest in the coin is the right choice and you can also glance at other coins whose prices are also being increased such as ethreum and TKO that we can currently rely on.
It is becoming noticeable that BNB and BSC is getting the traction although it's already popular.There's more projects that are running on BSC and carries the popularity of BNB because of its chain.
The problem with the BNB Chain is that it is largely centralized or the few nodes are mainly from Binance. Apart from the fact that this is not in the spirit of crypto, this is also fundamentally a danger. Binance is a company that has so far been able to successfully evade any control and regulation. If the company is banned, the chain will also be dead and any assets on the chain will be worthless.
I have only used BSC so far but never looked precisely into the validator structure. Is it known who the validators are? Is it also known that there is a good chance Binance themselves controls most of them? Could they easily roll back the chain if they wanted or are there any security measures in place to prevent that from happening? I think so far a lot of users haven't really looked into how BSC is really designed because everyone trusts Binance, but that might change quite a bit if some of the rumors going around about Binance turn into reality and cause them some trouble.
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 many ways to earn passive income like Fixed deposit of Banks, Investment in good stocks and earn dividend income, Invest in residentiial or commercial property and get regular rental income. In crypto Investment in DEFI projects like Pancakeswap has been very profitable since 2020. It has paid huge rewardes who provided liquidity or staked their Cake coins. Please be careful when choosing DEFI project becuase there are huge nimbers of scam projects in this industry.
maybe can try staking facilities in binance.there offers staking facilities with a fairly decent advantage.if you put $5000 in capital will get regular income every month.which will go directly to your spot account and that profit can be sold.or may be able to do by using their futures facilities, with very high profits but have a high risk as well.
To get passive income at this time of course BNB is one that we must consider, then for now the BSC network continues to grow and this will have a positive impact for binance and the price continues to increase until now, to invest in the coin is the right choice and you can also glance at other coins whose prices are also being increased such as ethreum and TKO that we can currently rely on.
It is becoming noticeable that BNB and BSC is getting the traction although it's already popular.There's more projects that are running on BSC and carries the popularity of BNB because of its chain.
The problem with the BNB Chain is that it is largely centralized or the few nodes are mainly from Binance. Apart from the fact that this is not in the spirit of crypto, this is also fundamentally a danger. Binance is a company that has so far been able to successfully evade any control and regulation. If the company is banned, the chain will also be dead and any assets on the chain will be worthless.
To get passive income at this time of course BNB is one that we must consider, then for now the BSC network continues to grow and this will have a positive impact for binance and the price continues to increase until now, to invest in the coin is the right choice and you can also glance at other coins whose prices are also being increased such as ethreum and TKO that we can currently rely on.
It is becoming noticeable that BNB and BSC is getting the traction although it's already popular.There's more projects that are running on BSC and carries the popularity of BNB because of its chain.
POS tokens are for long-term holders. Unstaking them to trade when there is bull market is a good technique because you can sell when the price is on its ATH. But staking while there is a bear is just not your option instead. the value is going to drop, you will need to wait again for its very low price before buying otherwise you lose the value of your token.
The best thing to do is to invest in the very beginning while the price is very low like less than $0.10 and stake for long term. This way you won't be worrying about whichever the market will be.
Yes, you are right. I am staking only POS tokens which can be any time stake/unstake based on market condition. It helps me also trade. When i observe a pump, i immediately unstake and sell, then wait for a small correction. It grows my capital either from stake or irregular trade also. I try to find new POS tokens at the beginning and invest to stake there with high APR. Initially for high APR, i can take out my initial investment within one or two months and then keep only the portion amount of profits.
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 staked my eGLD on the legit staking providers, I think its better to invest on some legit staking like elrond network. This is not a financial advice also do your own research about staking and earn passive income. 16% APR is the best percentage that can give you by the staking providers. Jump to: