Passive income - page 9. | Bitcointalksearch.org

vabchgent

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Quote from: OZmaster on July 27, 2021, 06:37:13 AM

Quote from: Fredomago on July 25, 2021, 11:40:22 AM

Quote from: OZmaster on July 25, 2021, 11:29:36 AM

Quote from: aioc on July 23, 2021, 08:45:30 AM

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 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.

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?

That's correct, if you decide to stake coins or contribute them to farms you definitely are exposed to the risk of price declines or liquidity shortages leading to prices that can cause you disadvantages. Generally though staking is a great possibility to create passive income, but I would stick with strong coins that are known for not dying overnight.

Pithaxz

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yes, to the best way to get passive income now is probably staking, so you can stake your investments on any cryptocurrency exchange and get a good income from it, but you need to find the best percentage and recently there are very low interest rates on the exchanges, but sometimes you can catch a very good percentage, so just go through all the exchanges and find the option you need, also new projects are constantly being released in which you can earn very good profit passively, but many of these projects are scam and you need to be very careful.

Cappex

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Quote from: tyz on July 26, 2021, 01:52:59 AM

Quote from: enhu on July 26, 2021, 01:46:37 AM

Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.

Personally, I have not had a good experience with casino token staking. The whole process is too non-transparent because you don't know how big the casino's profit really is and what percentage they actually pay out in dividends. I rather go for DeFi platform staking such as Tezos or Waves. There are others. There the whole process of distribution is much more transparent and you have a minimum income of 5-6%, with a daily payout.

Always remember that it is essential to own the coins while they are staked, passive income will be a great way to maximize profits but not your keys not your crypto.

OZmaster

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Quote from: Fredomago on July 25, 2021, 11:40:22 AM

Quote from: OZmaster on July 25, 2021, 11:29:36 AM

Quote from: aioc on July 23, 2021, 08:45:30 AM

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 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.

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?

vabchgent

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Quote from: pieppiep on July 26, 2021, 06:49:22 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.

if you have been staking on cake with that much capital in my opinion it can provide a lot of income that can give you profit and you don't need to trade for long and you don't need to always see price movements on the exchange because you have already made a profit from staking

If you do the staking on cake you are also subject to volatility of the staked coins aren't you? What if you are staking and lock up your coins for maybe three months at 50% APR but over that period of time your coin loses 55% in value. Didn't you then make a net loss? I am not that familiar with staking on cake but as far as I understand it the biggest risk you face while locking up your coins or tokens is the volatility that might destroy your staking income.

pieppiep

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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 have been staking on cake with that much capital in my opinion it can provide a lot of income that can give you profit and you don't need to trade for long and you don't need to always see price movements on the exchange because you have already made a profit from staking

iTradeChips

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Quote from: rahmatullah9305 on April 21, 2021, 12:16:39 PM

Quote from: JooBra on April 19, 2021, 03:17:25 PM

Binance offers a lot of passive income ways. I'm testing some of them at the moment. Will see what happens pretty soon. Maybe look yourself from one of those options.

Yes, on the Binance exchange, there are many ways that can be used to earn income, both passively and actively, because the features and support of the Binance exchange are so great that everyone can choose what they want.

I am just right now at some sort of "testing the waters" part of my crypto experiments. I am doing Liquid swaps on Binance with just $100 just for testing purposes. I know the profits are not much but at least it is good to know you are getting something. I might add up to it for the next few days or weeks but that depends. All I am doing now is finding similar games like Axie infinity so that I can earn by playing games, which is also my overall goals in cryptocurrency.

Gayong88

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That good idea sir, it's good if we have some $cake and stages for extra passive income, the pancakes themselves have full support from Binance CEO because CAKE is No.1 DeFi in Binance Smart Chain.

Snappycoco

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I suggest you go to Liquidity mining rather than staking. It generates more income than staking profit. Some are offering up to more than a 100% APY and those are really legit. Yield farming is really a thing in this hard times. I suggest a yield farm called DeFirex but still do your own research before entering.

Chuky92

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CAKE is a very nice cryptocurrency with amazing use case, that is instead of storing it in your personal wallet doing nothing or waiting for a good price to sell, you can just stake and generate a good passive income from it daily, although this depends on your number of CAKE token. Also, I have seen a lot of copycats which claimed to be the next CAKE but yet they are no where today thus in my opinion, showing that CAKE is actually good for long term holding.
In the aspect of staking and the reward thereof, I hardly check those things like daily reward and so on, I just stake it and leave it there, but check time to time to when know the pool will end and move to another. Another good thing that comes with CAKE staking is that, the team tries their best to list good tokens, such that when you earn the tokens might be forced to hold.

CryptoG99

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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 ?

That's is better returns that you get from the bank/savings account. You'd be lucky to get $400 in a year.
It depends on your risk level.
I am happy to let my ALGO, ADA, VET stake at they 2%-4%+. These are projects I believe in and getting returns on my investments are an extra bonus.
I am also staking my ETH as I believe in it long term and can't wait for 2.0 to come out.
Black Eye Galaxy is also a project I am excited about. Staking on nft planets! I have invested a little money that I am willing to lose, but it has also 10x since I bought in.

dhemasm

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Quote from: nebuch on July 26, 2021, 03:10:14 AM

Good to stake cake. Already experienced that and had small amount earnings monthly. I staked around 10Cake and planning to hold it until this coming December. Cake is potential and becoming useful particularly it is known as the top gainer as Dex and next is uniswap. If I could have more money I will buy all in cake.

Yeah, I also have some cake. I just never expect $CAKE will become something like today, I was buying $CAKE before back then on December 2020 and the price still around $0.1 - $0.5 if i remember correctly and i though DeFi it's just another some money game like Ponzi, So i just stake it for short term But i was wrong, Pancakeswap now becoming one of the most biggest DEX out there with tons of features, solid community and good development. For OP, $CAKE is the beast choice if you want some reliable passive income with Good APY.

tyz

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Quote from: enhu on July 26, 2021, 02:21:18 AM

Quote from: tyz on July 26, 2021, 01:52:59 AM

Quote from: enhu on July 26, 2021, 01:46:37 AM

Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.

Personally, I have not had a good experience with casino token staking. The whole process is too non-transparent because you don't know how big the casino's profit really is and what percentage they actually pay out in dividends. I rather go for DeFi platform staking such as Tezos or Waves. There are others. There the whole process of distribution is much more transparent and you have a minimum income of 5-6%, with a daily payout.

Pointing out that percentage of the casino's profit that we may never know from them helps us to decide.
So many users got into Defi too late because a lot of users here had said Defi to be just hype and it will be gone just like all the previous hypes. Today, even the big banks are looking into it. 5-6% daily payout seems very high and sounds worrisome already.
Which is worth Staking or Lending?

Sorry for misconception, the percentage rate is not daily, but anually. DeFi is just a term. The platforms I mentioned have been around since up to six years. So, they are very stable and not really hyped as the recent released ones, where nobody knows how long they will be on the market. For example, Waves, it was created 2015 and you have been able to stake your coins there for 6% anually since a couple of years, long before DeFi was hyped. Payout is daily. The platform also offers more risky staking forms (e.g. decentralized algorithmic trading) which offers much higher return rates.

livingfree

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Quote from: Cappex on July 26, 2021, 02:17:18 AM

Always remember that it is essential to own the coins while they are staked, passive income will be a great way to maximize profits but not your keys not your crypto.

It is what others are forgetting about when they're staking.

They choose to stake in exchanges where they don't fully own their keys as it's being owned by the exchange. So if the exchange gets hacked, the staker doesn't have full control to his funds.

Because it is in the possession of the exchange.

enhu

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Quote from: tyz on July 26, 2021, 01:52:59 AM

Quote from: enhu on July 26, 2021, 01:46:37 AM

Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.

Personally, I have not had a good experience with casino token staking. The whole process is too non-transparent because you don't know how big the casino's profit really is and what percentage they actually pay out in dividends. I rather go for DeFi platform staking such as Tezos or Waves. There are others. There the whole process of distribution is much more transparent and you have a minimum income of 5-6%, with a daily payout.

Pointing out that percentage of the casino's profit that we may never know from them helps us to decide.
So many users got into Defi too late because a lot of users here had said Defi to be just hype and it will be gone just like all the previous hypes. Today, even the big banks are looking into it. 5-6% daily payout seems very high and sounds worrisome already.
Which is worth Staking or Lending?

tyz

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Activity: 3360

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Quote from: enhu on July 26, 2021, 01:46:37 AM

Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.

Personally, I have not had a good experience with casino token staking. The whole process is too non-transparent because you don't know how big the casino's profit really is and what percentage they actually pay out in dividends. I rather go for DeFi platform staking such as Tezos or Waves. There are others. There the whole process of distribution is much more transparent and you have a minimum income of 5-6%, with a daily payout.

enhu

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Quote from: tyz on July 26, 2021, 01:35:49 AM

Quote from: MoneyJ on July 25, 2021, 07:12:43 PM

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 .

This is actually the best way to make big profits in the future if you believe that there will be a bull rally again after the bear market. Because now that the tokens are worth less, you get all the more tokens through the passive income. As soon as the market recovers and starts a bear rally, these tokens received through passive income will push your overall profit enormously. The biggest mistake most investors make is that they don't think long term and then they always look at the current $ value of the tokens.

Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.

tyz

legendary

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Quote from: MoneyJ on July 25, 2021, 07:12:43 PM

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 .

This is actually the best way to make big profits in the future if you believe that there will be a bull rally again after the bear market. Because now that the tokens are worth less, you get all the more tokens through the passive income. As soon as the market recovers and starts a bear rally, these tokens received through passive income will push your overall profit enormously. The biggest mistake most investors make is that they don't think long term and then they always look at the current $ value of the tokens.

RussianEnglishTranslation

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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 want $cake then you need to buy cake $Monsta "Benoveses". Cake Monster uses transaction fees to buy $cake and distribute it to holders. I also like NEAR protocol for staking, it has one of the highest staking rewards at over 10% and it is hands down the most scalable and advanced crypto in existance.

pinkflower

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Quote from: guydin on July 26, 2021, 12:21:22 AM

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.

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.

My Defi Pets will have staking of their DPET tokens in the game and players will also be allowed to stake their own pets and they can also lend the pets. The tokens are becoming expensive though, it’s about $8 - $9 per coin now but with only a $60,000,000 marketcap.

Topic: Passive income - page 9. (Read 3296 times)