Topic: Passive income - page 6. (Read 3296 times)
Passive income comes easily but it is not an easy achievement to build you usually need a high capitalization before you can start making passive income whether you choose rent or any of the above you still get a huge capital. Sometimes, capital doesn't always make sense depending on the type of passive income flow you want to create you can open other passive streams like business advice and development.
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 use $ 5k for short-term trading, at least $ 100 you can get every day. But if you do staking, you also have to see if the daily income is in accordance with the capital we spend, if not, then leave that way.
Staking cake is a good way to generate passive income, besides cake, bnb, cardano (there are) staking can also be done. but maybe now there is a way to play games using coin axs can also generate income besides we also get additional entertainment by playing games
You could stake NEAR for 11.5% APY.
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.
Farming and staking is the way to go when we are talking about passive income. They do not require you to have machines like mining requires it, and we are talking about a good token as well, if you pick a horrible one that doesn't make sense then you are going to end up losing all of your money, but if you end up picking something like Cake and stake it for years then you are going to get super rich.15 dollars is nothing compared to what it can be, at the earliest I believe 30+ dollars is possible, and if you stake it meanwhile it goes up that means you are going to end up making insane returns. Or you can pick uniswap as well which has almost the same thing, or anything that makes sense, I do not want to promote low cap stuff because they rarely make any money, but these highly rewarded ones definitely do deserve some recognition in passive income world.
If I were you, I would focus on buying Bitcoin and holding it for the next few years. In this way it is a safe way to not waste money when compared to buying other coins with the current state of the market. If we look at last year, the increase in bitcoin was very good and made everyone very crazy about the increase in the price.
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.
There is, but its not a guarantee that income will make your profit in dollars. Usually its earn you coin/ tokens for doing it. Try to take a look at farming/ staking program or LP provider.
The choice of the right project could make you earn a lot from staking and from the increase in value of the same token.
I think the passive income is a great solution to continue to accumulate this volatile markets and without too many thoughts.
I love my staking cryptos, ADA, VET, ALGO and even ETH. You get a way better rate then the bank that is for sure.
BYG is also a stakeable token that I am looking at on the BSC. I only invested a small amount of money but I like how the token actually has use. Black Eye Galaxy is a decentralized NFT token. Players buy planets, starships and space stations. All as NFTs. Each planet will have it's own resources which can then be mined by staking.
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.
There is.That's why there is staking and you're free to do that as long as you have a crypto that can be staked. The profit that you earn from staking is considered as a passive income.
There is passive income but it's not that much if you calculate.
I think the most secure and profitable way is Ghost cold-staking.
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.
Don't do the same mistake you have done before, there is no sure income for staking a single token, Don't put all of your eggs in one bucket.
Devide your money into three portions,
1- buy some reputade coin in spot- BTC, ETH, LTC, ADA, DOT, XLM, BNB and you will get more.
2- Keep some money to buy deep, cause you don't know the future, you don't know when the bear will come.
3- With 3rd portion, try to grow up your trading skill day by day. do daily trade, it will help you to build your basic trading and you will get some pocket money.
You said your budget is $5000. Don't fixed your budget, try to raise funds in every month.
Indeed! There are many venues where potential to earn is also decent aside from staking, though it's not bad to take the risk if you fully understand what you are doing and you are willing to take the risk knowing that the value of staking asset may fall.
With that, the amount that you'll going to received as dividends might not covered the amount of losses that it may along the way.
Like how you enumerate those possible way to earned using that decent amount of initial investment, learn and keep doing your best to find the right system to increase/enhance your trading knowledge.
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.
Don't do the same mistake you have done before, there is no sure income for staking a single token, Don't put all of your eggs in one bucket.
Devide your money into three portions,
1- buy some reputade coin in spot- BTC, ETH, LTC, ADA, DOT, XLM, BNB and you will get more.
2- Keep some money to buy deep, cause you don't know the future, you don't know when the bear will come.
3- With 3rd portion, try to grow up your trading skill day by day. do daily trade, it will help you to build your basic trading and you will get some pocket money.
You said your budget is $5000. Don't fixed your budget, try to raise funds in every month.
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.
Binance, trustwallet, gate etc etc products are good for passively earning money.
But if you want something out of the ordinary, I invite you to try the bots of my friends from Peru: https://tunkobtc.com/#/index
They have excellent platforms and also have 14-day demos.
You also earn by referrals, try them, you do not lose anything.
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.
Why not?
Things like staking and farming can be called passive income, because these things do not require active action, and at the same time bring money.
This is nothing more than passive income that is better than a bank.
be risking out their money into crypto investments because returns are really that appealing excluding into those staking which yearly interest isnt really good at all but
much better compared to banks but the risk is higher.So its a personal choice whether they would really be touching up these waters or would totally
stick out on traditional things.
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.
Why not?
Things like staking and farming can be called passive income, because these things do not require active action, and at the same time bring money.
This is nothing more than passive income that is better than a bank.
I can see you have more interest in staking, cake staking is good but I think $near is more better off, and also there are so many ways to earn passive income in the Near ecosystem.
Haven't heard of that Near ecosystem. I'll try to do more research about that but do you really think it's nice to stake on cake staking? It seems most of them have low APY I've seen some DeFi which offers more than 1000% APY why do you think cake staking is much better than the other DeFi staking? I just want to ask these things since I want to have a passive but high income.
It seems that quite a few people are talking about the NEAR ecosystem, but I wonder whether it is one of those projects who call themselves Ethereum killer and then never really lift off or get anything done that could threaten Ethereum in the slightest. I am all for competition and it would be great to have another project that causes healthy competition, but most of them just disappear after a while or don't grow significantly.
I can see you have more interest in staking, cake staking is good but I think $near is more better off, and also there are so many ways to earn passive income in the Near ecosystem.
Haven't heard of that Near ecosystem. I'll try to do more research about that but do you really think it's nice to stake on cake staking? It seems most of them have low APY I've seen some DeFi which offers more than 1000% APY why do you think cake staking is much better than the other DeFi staking? I just want to ask these things since I want to have a passive but high income.
I think Binance as far as I know, this is now the best solution for passive earnings. If 3 years ago it was possible to get money from staking coins in the wallet, now these are large exchanges that attract investments through good investment programs and if you are interested maybe you can bet on CAKE, AXS, BONE.
Now Binance has started to give a little difference from the past because at this time there are many features provided by Binance to make it easier for them, active Binance users so that it becomes a separate solution for everyone. 
I can see you have more interest in staking, cake staking is good but I think $near is more better off, and also there are so many ways to earn passive income in the Near ecosystem. Taking part in the near ecosystem is something else because you will be faced with so much opportunities, you can use your $near to participate in a private sale of any project launched on $near and believe me any project which is launched on near is really gonna turn out big because I got to find out the $near ecosystem supports each and every project which is launched on their blockchain and the most interesting part here is that the price is still at a low rate, so it's an opportunity to hop in now.
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.
Of course there is. You just have to be an earoy investor like buying the altcoin at its very early stage where the price is less than $0.10. Say for example you lease thousands of your Waves token in the platform. Or buy Vechain token while less than a cent so having millions of the tokens I guess will earn you enough VTHOR everyday. Heres a good project, NEO.
Defi projects are good for passive income if you just chose the right project.
I think Binance as far as I know, this is now the best solution for passive earnings. If 3 years ago it was possible to get money from staking coins in the wallet, now these are large exchanges that attract investments through good investment programs and if you are interested maybe you can bet on CAKE, AXS, BONE.
It will be interesting to see where ALGO goes with the new governance changes to rewards to see what the APY becomes.
We also have the Coinex Smart Chain (CSC) as a competitor to the BSC.
Finding the gems is the really hard part but I think I might have found one with Black Eye Galaxy (BYG). This token actually has use in the game and you can stake your NFTs for more returns and APY. It might be something worth checking out.
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