Topic: Passive income from Bitcoin? - page 7. (Read 834 times)
It is not possible to have a passive income from bitcoin because there are only a few ways to make money from bitcoin. There could be a very few ways but I am sure they are hard to find and make because even in real life its not easy to get a passive income and we are talking about bitcoin here wich is not so recognized globally.
There's lots of ways to earn passive income with bitcoin, I'll list a few basic ones here, and you can research further;
1. Mining, doesn't have to be as expensive as you say if you buy used graphics cards. In fact, some stores have up to a 1 year return policy, so just buy the GPU, use it and return it!
2. Investment funds, you can deposit your funds into websites that lend it out, or exchanges that allow margin lending (e.g. Poloniex)
3. Invest in the bank roll of a dice or casino site.
1. Mining, doesn't have to be as expensive as you say if you buy used graphics cards. In fact, some stores have up to a 1 year return policy, so just buy the GPU, use it and return it!
2. Investment funds, you can deposit your funds into websites that lend it out, or exchanges that allow margin lending (e.g. Poloniex)
3. Invest in the bank roll of a dice or casino site.
I do not know those types of incomes. Maybe some specific loaning? Most people receive incomes with an old scheme "buy cheap, sell expensive"
yeah, i still doing my job and making a bitcoin as side job, that's realy good to earn some profitable from bitcoin
and sometime i just set it as a little investment for the future, getting to know it more profit then my real job, but still i need a lot of exprience if i want to become a full trader with bitcoin
Most of the wise people have the same strategy i think, that can easy mange both in one time, i myself have a day job and still i can give good time to bitcoin trading, Investment in bitcoin for a long time can be consider as passive income. While the income that we can get from trading different crypto currencies is not passive income. To me i personally not in favour of passive income. and sometime i just set it as a little investment for the future, getting to know it more profit then my real job, but still i need a lot of exprience if i want to become a full trader with bitcoin
for me, is still need a lot of time to earn bitcoin, but i think slow but sure, with study and research more about it, i still don't have a profit
because my bitcoin not convert to a fiat
i really wanting to see bitcoin potential, and i belive that this stuff is a future thing
I fully agree! You know like in almost any futuristic movie or series....they only have 1 currency?? I think BTC\blockchain is the beginning of it..... because my bitcoin not convert to a fiat
i really wanting to see bitcoin potential, and i belive that this stuff is a future thing
I don't believe that income in bitcoin is passively coming but rather actively coming eventhough it run slowly it is okay rather than never. Right? We all knew that all of us waiting for the biggest profit but we can wait for the exact time to come along. We cannot determine when but we have the values of being patience.
There is another way to make income from BTC that is mostly passive....
You can try out Bmybit which has the Personal Automated Trading System which is very similar to a bot but more intuitive as it has up to 6 simulations\strategies it can run on each pair you want to trade in.
Please use my referral link : https://bmybit.com/?r=124303 (and this will give you 10 strategies instead of 3 when you signup)
I have personally made quite a bit on this system last year (unfortunately not as much this year due to the markets) and would recommend it highly. It requires you to only create your strategies once and then leave it. The new dynamic strategies are available to you from the get go and really make a difference when the markets go up or down as the strategies can adapt.
As with the other bots you need to install and run on your machine or a machine but with Bmybit you do not need to as its via their web interface which
is online and running 24/7.
Regards
You can try out Bmybit which has the Personal Automated Trading System which is very similar to a bot but more intuitive as it has up to 6 simulations\strategies it can run on each pair you want to trade in.
Please use my referral link : https://bmybit.com/?r=124303 (and this will give you 10 strategies instead of 3 when you signup)
I have personally made quite a bit on this system last year (unfortunately not as much this year due to the markets) and would recommend it highly. It requires you to only create your strategies once and then leave it. The new dynamic strategies are available to you from the get go and really make a difference when the markets go up or down as the strategies can adapt.
As with the other bots you need to install and run on your machine or a machine but with Bmybit you do not need to as its via their web interface which
is online and running 24/7.
Regards
for me, is still need a lot of time to earn bitcoin, but i think slow but sure, with study and research more about it, i still don't have a profit
because my bitcoin not convert to a fiat
i really wanting to see bitcoin potential, and i belive that this stuff is a future thing
because my bitcoin not convert to a fiat
i really wanting to see bitcoin potential, and i belive that this stuff is a future thing
yeah, i still doing my job and making a bitcoin as side job, that's realy good to earn some profitable from bitcoin
and sometime i just set it as a little investment for the future, getting to know it more profit then my real job, but still i need a lot of exprience if i want to become a full trader with bitcoin
and sometime i just set it as a little investment for the future, getting to know it more profit then my real job, but still i need a lot of exprience if i want to become a full trader with bitcoin
Investing in crypto could be seen as passive income, especially if you implement some sort of strategies such as dollar cost averaging or laddering. Crypto index funds are also gaining a lot of buzz, maybe it's something it's worth reading into.
Would signature campaigns and bounties be classed as passive income?
I don't think it classified as a passive income, both jobs require a work.
the mining of bitcoins is a capital intensive venture so for most of us that way will not work for us as we are low on cash at this point, however we can still participate in bounties to earn some tokens which we can with a little skill, and knowledge invest and trade and eventual convert into bitcoins . if we need fiat we can then exchange these bitcoins into cash.
Well cryptocurrency trading mighy be a good option for income in such a case, but you need to have a lot of knowledge about cryptocurrencies for it. Also, even if you have a lot of knowledge, you might still suffer from a loss. So, the safest possible option would be to invest in a good coin and hold it for a long time.
Mining is only expensive in countries where the electricity cost is high, but i agree that BTC is a good passive income earner, and can and you even more money than the active source
As the title says, is passive earning from Bitcoin is possible nowadays. Let's face the facts mining is very much expensive for most of the users and I have encountered with many people who think they do not have any skill or do not want to learn any soon. There must be anyway by which you can make money by using most of your time by investing only once or by a little investment.
There is another way to gain passive income from cryptocurrency, mining tools is very expensive and the high costs of electricy and maintenance will reduce the income. Masternode can be a good solution for people who aren't not be able to do bitcoin mining due to the high rate cost of electricy in their countries.but since those masternode coin is only depend of the development of the project then we should be careful and always check the price.
mine does take a lot of time to produce bitcoin.
If investing, indeed with a short time we can get bitcoin, but it all depends on the project that we will invest. If the project is successful then we will get a big profit for sure
If investing, indeed with a short time we can get bitcoin, but it all depends on the project that we will invest. If the project is successful then we will get a big profit for sure
It's quite easy to make a passive income here if you really pay attention.
You can try:
1. Day trading. Since Bitcoin market fluctuation is quite big, you can utilize it into a simple trading. Buy low sell high. BUT do this if you really know what you're doing. Otherwise you will loose A LOT. Be careful!
2. Setup mining rigs. But you need a bigger investment in the beginning and some computer literacy.
3. Join the bounty campaign.
4. Offer your service to helps others and get pay in Bitcoin in return.
5. Profit?
You can try:
1. Day trading. Since Bitcoin market fluctuation is quite big, you can utilize it into a simple trading. Buy low sell high. BUT do this if you really know what you're doing. Otherwise you will loose A LOT. Be careful!
2. Setup mining rigs. But you need a bigger investment in the beginning and some computer literacy.
3. Join the bounty campaign.
4. Offer your service to helps others and get pay in Bitcoin in return.
5. Profit?
As the title says, is passive earning from Bitcoin is possible nowadays. Let's face the facts mining is very much expensive for most of the users and I have encountered with many people who think they do not have any skill or do not want to learn any soon. There must be anyway by which you can make money by using most of your time by investing only once or by a little investment.
Investing once is not at all a good idea as the condition of the market is different from time to time, so it's best to invest every fixed period of time like weekly or monthly, for most people weekly investment is a little bit hectic as people get salary monthly so what we must do is take a little chunk from that salary first and invest it.That's because most people think of investing at last and first try to do all other work, when the turn of investment comes they are left with no money at all to invest, so first invest periodically and then do other stuff.
Passive income or residual income ? If you mean to make a little investment and have others like referrals working for you this is called residual income. You can earn this way from faucets. You can join faucethub.io and not spend much time by claiming yourself but advertising your referral link in different websites, a best way would be to buy a banners spot in freebitcoins.com website run by user BayAreaCoins here in the forum.
If by passive you mean really passive only buying bitcoin and storing it as store of value you may earn passive income this way but after some time not directly.
If by passive you mean really passive only buying bitcoin and storing it as store of value you may earn passive income this way but after some time not directly.
Faucets are waste of time to try to earn from them by affiliates, they pay small amounts to people anyways. I am not sure if it is worth the time tbh
Well there are many websites where you can earn passive income if you invest money on them but most of the time they turn out to be scam sites. Just buying bitcoin you can already consider it as an investment since the value of bitcoin changes from time to time if you just hold it.
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