Topic: Passive income - page 7. (Read 3296 times)
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.
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 use of liquidity pool and farms will be affected by IL, .. if to maintain passive income without being affected by the market. You can choose to lend USDT, or lend bitcoin if you want a good long-term passive income. Personally, I use defi on Sovryn for staking and lending(RBTC). Price action that ensures equal benefits is the way to go for me.
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 made the right decision if you are going to stake Cake you made the right decision, staking, providing liquidity is the best passive income now, it's the trend but not all farming sites are worth staking, there are many farming sites that do rug pull this is the big concern of those who are investing in farming and staking, you can wake up with liquidity pull out.
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.
being in the cake is not a problem as long as you can really manage the cake well. because there are so many cake coins that are only temporary hype without giving profit to the holders. if you are in cake you have to actively look at the market situation and you have to update about cake so that assets remain safe 
True, but I got a few coins that aren't worth that much anyway so I just stake them in a yield farm where you can earn not only the cryptocurrency you stake, but also some others that are part of the farm. It isn't much, but it does create at least a little bit of value before I leave them idle in the wallet.
looks like in ApeSwap there are some such features. Staking BANANA tokens to get other tokens or coins.rather than just waiting for the price of the tokens we have to go up, staking is indeed the best way to get passive income. although trading is more profitable it requires more skill. whereas staking is the best way to double profit when the coin price or market is not so good.
Yes but when you stake you also have these lock up periods which can be very painful when your coin is in a bull run and you can't get them out and sell them on the open market. That is the biggest risk when you stake your coins especially long-term. I usually prefer to stay in control and react to market sentiments.
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.
Passive income was hype in 2017-2018, there are a lot of platform provide a staking and lending to get 1%-2% profit each day which is so mindblowing and hard to believe. In one year this kind of bussiness is crashed, all of them are just a ponzi scheme and the owner of these business are gone. So, don't believe any passive income with a stable profit in cryptocurrency because that won't happen except staking an already strong fundamental coin like ETH.
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.
All kinds of investment always come with a risk. The riskier it is the more profit you can have if it goes on your way but to much loss if it is not. So before investing you must know and understand everything about it.
Risk is the second thing that must always be understood by everyone who wants to invest, because the main thing is that he must understand the procedures for managing investments, so that understanding is immediately accompanied by risk so that he can also manage it well. 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.
So you are claiming that it is very easy to make $100 per day by short-term trading? I would love to make a bet with you and see how you consistently make $100 per day for a 30 day period. It also depends on the capital you have available of course, but I would even be ok with you to just finish every single day with black numbers. There is no guaranteed income anywhere and the worst method you can try to achieve consistent and guaranteed income is definitely short-term trading.
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.
For now I prefer stake, because market conditions are dropping. I think you can stake Tron on Trust Wallet with APR rate of 5%. We do this while waiting for the bull run market. I think Tron still has a big chance to be pumped in the future, because the price is still very low.
CAKE is a top priority as a reliable deFi farm today. I personally also bet this CAKE coin as passive income every month. and I also didn't suspect that CAKE had given me what I needed for every month. actually there are still a lot of good Defi farms out there and you need to take a look, like banana, NMX, etc
I think staking Cake will be profitable. But it is a long term process. I am a very impatient person so I do not like long term process. If I had $5000 capital I would be trading and I think it is possible to earn more by trading.
I also have a cake, but now i'm in the red at the entry price i'm also in the red even after staking rewards. However i'm not worried about this, if you are ready that you can lose some of your money for a while then you can buy a token.
I bought pancakes for $7 and I've been staking ever since, earning myself passive income. Actually, there are many alternatives in the bsc network. Being a leader in alternatives makes it reliable for me. When the price rises, the cake rises very hard, but it does not last long, it crashes back, it is necessary to sell profits here. My indispensable cake for passive income 
Timing is important but long term hold passive income still the best way to invest your money, small or decent as long as the project is progressive and the team are not stopping. Finding those coins and sorting the best value for your money is very important, you need to select then pick the right one for your investment.Time and your dedication to sort every opportunities that open while you still have the money invest, setting your goals and keep aiming for the best outcome.
I agree with that, CAKE is one of the trust coins that exist on the BSC network. Until now CAKE is ranked first in the BSC ecosystem. and there are so many benefits of investing here. in addition, dev always maintains its price by doing periodic burn.
that was not shocking because the coin was owned by the leading bsc exchange named pancakeswap . yes there are other benefits when you have a cake coin not just staking . you can create nft avatars in your pancakeswap account and recent one is a lottery where you can use you cake coin to buy tickets. the burning process doesnt only happen in this coin but it happens too on most coins .
but for staking and getting passive income I started to be interested in NMX. it is a coin from the nominex exchange. almost the same as BNB, TKO, and CAKE. I think they have an equal chance of becoming very popular in the future with the development of their exchange platform.
cake , bnb and tko can be popular now but they maybe loose this popularity in the future and nmx will own them .
Ok but still the biggest risk is if the underlying that you are staking drops significantly in value. That can happen anytime theoretically. Are you staking or farming coins and locking them even for several months thereby increasing your volatility exposure or are you preferring shorter periods of time?
I personally often choose a shorter period because I don't like to wait too long to get a profit, even though the profit is not too much, but I prefer to take it earlier than having to wait a long time where the certainty of making a profit is also uncertain.
I bought pancakes for $7 and I've been staking ever since, earning myself passive income. Actually, there are many alternatives in the bsc network. Being a leader in alternatives makes it reliable for me. When the price rises, the cake rises very hard, but it does not last long, it crashes back, it is necessary to sell profits here. My indispensable cake for passive income
I agree with that, CAKE is one of the trust coins that exist on the BSC network. Until now CAKE is ranked first in the BSC ecosystem. and there are so many benefits of investing here. in addition, dev always maintains its price by doing periodic burn.
that was not shocking because the coin was owned by the leading bsc exchange named pancakeswap . yes there are other benefits when you have a cake coin not just staking . you can create nft avatars in your pancakeswap account and recent one is a lottery where you can use you cake coin to buy tickets. the burning process doesnt only happen in this coin but it happens too on most coins .
but for staking and getting passive income I started to be interested in NMX. it is a coin from the nominex exchange. almost the same as BNB, TKO, and CAKE. I think they have an equal chance of becoming very popular in the future with the development of their exchange platform.
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.
Good initial capital to generate sustainable profits later. but I don't have the amount you have at the moment. But if that's the best way of what you do it's best to start fast to make big profits.
I see DeFi yield farming as one of the best way to earn passive income . I prefer staking , i have been earning some reasonable passive income for over 6 months now . I bought some reasonable amount of CAKE token when it was $6.2 and till date i am still earning passively. There are some good DeFi project are very good for passive income .
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