Passive income with crypto - page 2.

mirakal

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Quote from: JanNettFoster on August 07, 2023, 05:34:40 AM

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.

Staking and lending crypto are some of the services that will help you earn passive income in the market. But if ask if they are worth doing, well it depends on what crypto coins you are staking and when it comes to crypto lending, for me it’s quite risky especially if you are lending to some unreliable and not trustworthy groups or individuals.

If I may suggest, never go with passive income as they are sometimes attached with some scams. Learn to work on your knowledge and skills, and you will find satisfying income out from your hardwork and endurance.

palle11

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Quote from: xSkylarx on August 17, 2023, 08:19:17 AM

Keep looking for a passive income in crypto; for sure, you'll end up getting scammed in a HYIP or Ponzi scheme, mostly if you are a newbie because you want a shortcut and don't do the dirty work. If you really learn crypto deeply, for sure, you won't find any kind of this passive income except staking, but again, it won't last long, so it is better to invest in holding bitcoin or doing trading.

It is the greed in people that expose them to scam. Imagine if someone for example drop a scam link to op now with a little write up telling him to sign up and do his KYC, it means he will fall for the scam because he is in need passive income and he will regret later. We need to be careful and contented with what we have and probably look out for something genuine with care.

bittraffic

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Quote from: freedomgo on August 17, 2023, 03:11:57 PM

Quote from: arwin100 on August 07, 2023, 10:25:54 AM

Quote from: JanNettFoster on August 07, 2023, 05:34:40 AM

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.

Hard to find passive income generating platform since most of the time only scam platform as just showing up. I don't know if staking is good option but you can try the suggestions posted to know for yourself if its really worh it. Also don't think about passive thing on crypto but rather on learning new things on crypto and try to earn on each ideas you read then apply it. Also be careful on people offering big profits since this is much unrealistic and this is just used by scammers.

It’s rare to find some passive income these days and if you’re not cautious and careful enough, you will only fall into scammers traps. That’s why don’t be too trusting when other people say that you can earn passive income in crypto. There’s always a need to put some works and time for it so you can expect to earn. However, you could also try following the advices ahead of this post and if they weren’t work for you, then let’s just say that passive income rarely exist these days. Instead, work on it and give the best what you can be, be knowledgeable and even skilled on it, that way there’ll be sure income coming your way.

ETH staking does seem not like a scam but you gotta have a huge amount of capital to make it. Let's say you a more than a million of ADA which you have bought since the time when its price was less than $0.02. It would be a good source of income actually. Defi was once a popular way of generating passive income but like any other methods, the bear market killed it.

These Staking coins are only good if you are one of the first to have figured its an easy money when you have looked into the future before the prices tanked.

freedomgo

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Quote from: arwin100 on August 07, 2023, 10:25:54 AM

Quote from: JanNettFoster on August 07, 2023, 05:34:40 AM

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.

Hard to find passive income generating platform since most of the time only scam platform as just showing up. I don't know if staking is good option but you can try the suggestions posted to know for yourself if its really worh it. Also don't think about passive thing on crypto but rather on learning new things on crypto and try to earn on each ideas you read then apply it. Also be careful on people offering big profits since this is much unrealistic and this is just used by scammers.

It’s rare to find some passive income these days and if you’re not cautious and careful enough, you will only fall into scammers traps. That’s why don’t be too trusting when other people say that you can earn passive income in crypto. There’s always a need to put some works and time for it so you can expect to earn. However, you could also try following the advices ahead of this post and if they weren’t work for you, then let’s just say that passive income rarely exist these days. Instead, work on it and give the best what you can be, be knowledgeable and even skilled on it, that way there’ll be sure income coming your way.

rozak

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Quote from: xSkylarx on August 17, 2023, 08:19:17 AM

Keep looking for a passive income in crypto; for sure, you'll end up getting scammed in a HYIP or Ponzi scheme, mostly if you are a newbie because you want a shortcut and don't do the dirty work. If you really learn crypto deeply, for sure, you won't find any kind of this passive income except staking, but again, it won't last long, so it is better to invest in holding bitcoin or doing trading.

quite a few have already given such advice. and indeed that is the best way to grow our investment. gradually increasing the amount of our investment or trading that will bring profit. but everything still requires skill. don't think too much we can double our investment quickly. The Bitcoin we have will grow in the long term, and we have to be patient. instead of depositing our assets to scam websites.

xSkylarx

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Keep looking for a passive income in crypto; for sure, you'll end up getting scammed in a HYIP or Ponzi scheme, mostly if you are a newbie because you want a shortcut and don't do the dirty work. If you really learn crypto deeply, for sure, you won't find any kind of this passive income except staking, but again, it won't last long, so it is better to invest in holding bitcoin or doing trading.

jostorres

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Quote from: kaimoure on August 14, 2023, 02:23:03 AM

Earning passive income with crypto I can say that instead of putting coins on your spot wallet I usually do staking. I'm staking my coins now with 35% APR this is a good thing right now since we're on bearish market. while the price changing I'm still earning a couple coins everyday. When the price goes up maybe 2 years from now I can claim it all at once. It's really hard to depends on crypto with the current bear market we have so staking is the only thing i can advice right now.

Well, everyone has their own preference. Some of us have heard of Staking before but it didn't really attract us to try it. We are already good with what hodling has to offer. If you are enjoying the benefits of Staking then that's great. Other than having a passive earning from crypto, some of us are also trading so that we can make use of the price change.

You might be earning new coins when you stake but it will still depend on the quality of the coin you own. If that was a sh8tcoin, I don't think it will be valuable later on, since it was mostly sh8tcoins are the ones who have a high APR. Cryptos are so volatile and unpredictable so indeed that having other sources of income outside cryptos is needed so that we won't be zero in case our crypto business didn't do well.

HONDACD125

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Quote from: tvplus006 on August 16, 2023, 07:18:34 PM

It must be remembered that there is no guaranteed profit in the cryptocurrency market, and no one guarantees that the price will necessarily recover after the fall. Accordingly, there is no guarantee that after a few years, the purchased cryptocurrency will cost more.

you are right that there is no guarantee of profit in the crypto currency market. This is a risky market. Everyone should invest carefully here. As far as I am concerned, Bitcoin is the most reliable of all crypto currencies. Profit and loss are associated with every business. You cannot find any business in the world in which there is only profit and no risk of loss. If we check the past record of Bitcoin, we will know that the price of Bitcoin has fallen many times, but it has also recovered its value after falling .If you check the records of the last few months, Bitcoin price dropped to $15k, but then reached $30k. In every business experience, knowledge, hard work and a good choice can reduce our risk of loss. Currently, there are thousands of coins in the market, but people trust Bitcoin the most.

uswa56

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Quote from: tvplus006 on August 16, 2023, 11:40:02 AM

Quote from: Negotiation on August 15, 2023, 02:23:53 PM

It is true that a small amount is not perfect for passive income in crypto staking, But if you think long-term and plan for passive income then I think if you deposit more amount you can get good profit without much risk...

The cryptocurrency market is highly risky, so any investment can lead to a complete loss of the deposit. So to speak that you can get a good profit without much risk is not right. And the more money you invest, the higher the risk. It is for this reason that investors resort to diversifying their investment portfolio.

I agree with that, in the crypto market price movements are very fast so it is possible for anything to happen so the risk is quite high even though it will be proportional to the possible profit that will be obtained.
By spending a large amount of capital and planning to invest in the long term, it is quite recommended, but the thing that must be known is that the risk will be the same as the level of possible profit, it is worth it.

svgisawmn

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Truly agree with you! I live in Ukraine and crypto regulations became so strict, so I cannot do almost anything without telling the government. So, I'm not sure if I will be a huge crypto fan in a few years

tvplus006

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Quote from: sulendra12 on August 16, 2023, 05:54:25 PM

Staking or just HODL Bitcoin for few years and then come back to collect your profit. People would usually go with DCA as they progressively increasing their Bitcoin amount in desired amount of time consistently and then just watch the profit. As we are talking about passive income then you don't need to care about the price crash as long as you believe the price will recover at any time, that means one less hassle to think for.

It must be remembered that there is no guaranteed profit in the cryptocurrency market, and no one guarantees that the price will necessarily recover after the fall. Accordingly, there is no guarantee that after a few years, the purchased cryptocurrency will cost more.

sulendra12

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Quote from: JanNettFoster on August 07, 2023, 05:34:40 AM

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.

Staking or just HODL Bitcoin for few years and then come back to collect your profit. People would usually go with DCA as they progressively increasing their Bitcoin amount in desired amount of time consistently and then just watch the profit. As we are talking about passive income then you don't need to care about the price crash as long as you believe the price will recover at any time, that means one less hassle to think for.

wallet4bitcoin

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In crypto there are loads of Passive income with crypto but loads of it are not what it appears to be, most are actually ponzi scheme in disguise. The best I know about is the staking feature on coins and platforms are better.

If critical thinking can be deployed, something new can be birthed to the passive income space in the crpto space, until then, lets work with staking alone.

passwordnow

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Quote from: bettercrypto on August 15, 2023, 10:11:19 AM

The only passive income that I know you can do with altcoins is through staking, farming, trading or copy trading, if you are going to do staking, the best platform I can recommend to you is the Binance platform, if on Dex you want to stake is biswap for me he is okay.

I think most people do prefer to stake on platforms like Binance. Because they're easy and popular but, the cons there is that you don't hold your fund. By that means, is that there's no private key that you're holding for your funds unlike those that are in the DEX.

Quote from: bettercrypto on August 15, 2023, 10:11:19 AM

Farming biswap is also okay for me, and as for copy trading, I recommend Fairdesk and Bitget, they are quite legit and their features are good too. But this is just my suggestion.It is still Do it at your own risk anyway.

As long as you're earning passively on the platforms you prefer, they're really good. Speaking of this copy trading, I've known this but with those exchanges you've mentioned, is it like that they're the one doing the trade for you and you just leave it there? or you still need to manually control your copy trades?

examplens

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Quote from: salad daging on August 16, 2023, 02:42:55 PM

Quote from: tvplus006 on August 16, 2023, 11:40:02 AM

Quote from: Negotiation on August 15, 2023, 02:23:53 PM

It is true that a small amount is not perfect for passive income in crypto staking, But if you think long-term and plan for passive income then I think if you deposit more amount you can get good profit without much risk...

The cryptocurrency market is highly risky, so any investment can lead to a complete loss of the deposit. So to speak that you can get a good profit without much risk is not right. And the more money you invest, the higher the risk. It is for this reason that investors resort to diversifying their investment portfolio.

Especially with several altcoins at stake, it is clear that there is a big risk in it. What if the price drops down it is no longer profitable and even becomes a big loss, no one is free from risk.
Never bet too much on coins that have no clear time limit maybe it will be again but what about the decline of this coin clearly has to be borne alone especially with a large APY.

The risk is not only in price fluctuation, there are other things as well. For example, which platform to choose to stake coins with them, and who is reliable enough to hold money with them? Just remember Celsius, and I will emphasize again, not your key, not your coins.

salad daging

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Quote from: tvplus006 on August 16, 2023, 11:40:02 AM

Quote from: Negotiation on August 15, 2023, 02:23:53 PM

It is true that a small amount is not perfect for passive income in crypto staking, But if you think long-term and plan for passive income then I think if you deposit more amount you can get good profit without much risk...

The cryptocurrency market is highly risky, so any investment can lead to a complete loss of the deposit. So to speak that you can get a good profit without much risk is not right. And the more money you invest, the higher the risk. It is for this reason that investors resort to diversifying their investment portfolio.

Especially with several altcoins at stake, it is clear that there is a big risk in it. What if the price drops down it is no longer profitable and even becomes a big loss, no one is free from risk.
Never bet too much on coins that have no clear time limit maybe it will be again but what about the decline of this coin clearly has to be borne alone especially with a large APY.

tvplus006

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Quote from: Negotiation on August 15, 2023, 02:23:53 PM

It is true that a small amount is not perfect for passive income in crypto staking, But if you think long-term and plan for passive income then I think if you deposit more amount you can get good profit without much risk...

The cryptocurrency market is highly risky, so any investment can lead to a complete loss of the deposit. So to speak that you can get a good profit without much risk is not right. And the more money you invest, the higher the risk. It is for this reason that investors resort to diversifying their investment portfolio.

Dr.Bitcoin_Strange

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Quote from: libert19 on August 07, 2023, 10:06:43 PM

Pretty irrelevant, Op asked about passive income with crypto and you are telling him to get a job?

LoL, It's really funny, but I think he made a mistake in his title; he was supposed to ask the question there on "how he can make a passive income from crypto." doubt if there is even any crypto job that can really be very sustainable. @OP, i think you should rather see any crypto job as a side hustle to any other real job you might be doing.

Negotiation

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Quote from: tvplus006 on August 15, 2023, 02:05:04 PM

Quote from: Fivestar4everMVP on August 15, 2023, 03:28:02 AM

Well, i believe by now, you must have gotten your answer, so yeah, there are actually several ways one could earn passive income from crypto, and one of those is by staking, there are two types or forms of staking, and that is the centralized form and the decentralized form...

But you will be able to get a good profit only if you have placed a large amount on the staking. And although OP does not write about the size of his deposit, I can assume that this amount is very small and, accordingly, he will receive a small profit, which will not be able to somehow increase the existing deposit.

It is true that a small amount is not perfect for passive income in crypto staking, But if you think long-term and plan for passive income then I think if you deposit more amount you can get good profit without much risk. I personally think that when working in cryptocurrency one should always work with the active market and if possible, save some money from the earnings for the future.

tvplus006

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Quote from: Fivestar4everMVP on August 15, 2023, 03:28:02 AM

Well, i believe by now, you must have gotten your answer, so yeah, there are actually several ways one could earn passive income from crypto, and one of those is by staking, there are two types or forms of staking, and that is the centralized form and the decentralized form...

But you will be able to get a good profit only if you have placed a large amount on the staking. And although OP does not write about the size of his deposit, I can assume that this amount is very small and, accordingly, he will receive a small profit, which will not be able to somehow increase the existing deposit.

Topic: Passive income with crypto - page 2. (Read 752 times)