Passive income with crypto - page 4.

Cling18

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Quote from: jeraldskie11 on August 13, 2023, 11:05:52 AM

If you see Bitcoin was still in the bear market then it's an opportunity to hold more Bitcoins. But in my opinion, base on my analysis in the market, I consider Bitcoin as a bullish. The market volume is quite low that's why others think Bitcoin is still bearish. If we compare it before, when advancing starts, the price move to the upside drastically. Aside from that, if you want to earn passive income in crypto, I can recommend to stake your tokens but this not a guarantee that you will be profitable because even though you will get more tokens the price might decrease. So you have think it every well before you decide.

I agree with staking, if you want a passive income then staking would be the best option but you have to make sure that you're staking in a trusted and reputable coin like Bitcoin, Ethereum, BNB and other top coins. There are still other ways to earn in crypto since it has a lot to opportunities to offer but it takes time and effort to learn everything about it and to deal with the risks.
You can earn from trading, investing, joining campaigns and more but you have to invest skills and knowledge to be successful in these fields as you know, earning isn't easy these days, you still have to exert and invest time and effort to succeed.

taufik123

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Quote from: jeraldskie11 on August 13, 2023, 11:05:52 AM

-snip-
Aside from that, if you want to earn passive income in crypto, I can recommend to stake your tokens but this not a guarantee that you will be profitable because even though you will get more tokens the price might decrease. So you have think it every well before you decide.

Staking Bitcoin is certainly a good idea, you will receive 2 benefits at once, namely from the long-term investment of Bitcoin that continues to rise and the profit from staking done by seeing how much you stake.

This can be done only on centralized exchanges or some crypto wallets that support staking.
Regarding risk, it will definitely be the user's risk, and must be aware that each platform has its own risks.

It is better to stake on a supported wallet than on a centralized exchange.
Passive income will be earned and more tokens will be owned when staking runs long enough (depending on the APR given).

jeraldskie11

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If you see Bitcoin was still in the bear market then it's an opportunity to hold more Bitcoins. But in my opinion, base on my analysis in the market, I consider Bitcoin as a bullish. The market volume is quite low that's why others think Bitcoin is still bearish. If we compare it before, when advancing starts, the price move to the upside drastically. Aside from that, if you want to earn passive income in crypto, I can recommend to stake your tokens but this not a guarantee that you will be profitable because even though you will get more tokens the price might decrease. So you have think it every well before you decide.

mvdheuvel1983

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Quote from: Lucius on August 07, 2023, 09:00:31 AM

Doing nothing and making a profit is the fantasy of many, but the majority realized the hard way that it is mostly an impossible mission. However, if you have a sense for marketing and promotion, you may try to promote affiliate links of some centralized crypto exchanges or online casinos, and in case you manage to find referrals who are active and invest significant funds, it can be a passive source of income.

Of course, in addition to time, you should also invest some money and be realistic with your goals, or in other words, don't hope for overnight success.

Yes. Affiliate marketing the OP can try this too and it requires him to put in the work but then there is nothing to lose. He can quit and anytime and that would be fine the amount of money he will earn will be equivalent to the amount of work he puts in and it will take some time before he starts to see the reward if he is up for it, then this is one of the best ways to earn passive income in crypto. I also think it is the easiest and most risk-free way too. Other things he can try include staking already mentioned by a user then yield farming, he may consider cloud mining if he has the equipment, crypto interest accounts, dividend-earning tokens, airdrops too, are in my opinion difficult.

danherbias07

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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 is one of the choices but it requires risk. Others are making something out of investing in mining rigs, I heard ROI may take longer now after buying expensive items. Trading is another if you can manage to learn the market behavior.

IMO, the best passive income would be investing in Bitcoin. It does take a long time for profits to be earned but I am sure there will be some if I could just stick to the plan of keeping it for years. Just imagine those who bought at $300 - $500, it's not that long time ago. I've made my mistakes before at selling it too early, I won't make the same mistake now.

Please don't try HYIP (high-yield investment programs), this is suicide.

shinratensei_

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so far staking is the most logical way of getting passive income, i just don't think there's anyway thats more sure in bringing profits meanwhile you're doing absolutely nothing.
although the apy offered might be quite small, or miniscule to say at the least. but what you can do is increasing the capital so that the time will be worth it.
heck, sometimes staking profit might outweigh that of trading profits by some good margin.
the key is having big capital then you could be at ease in getting that massive profits, otherwise forget it, passive income thats worth it is mostly only for those with big amount of money.

Unbunplease

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Quote from: goaldigger on August 12, 2023, 05:15:06 PM

Have you explored the option of staking? This has been the strategy of many while waiting for the bull market. All you have to do is to read everything about staking and know what is best rate for you, you also need to consider your capital since staking more can give a good returns. There’s a risk with this though so make sure to monitor always your staking and do this on a reputable site.

Staking makes sense when the price at which you entered a given cryptocurrency does not fall by more than 10%. If the price drops more than that, then staking is useless as the income from it will not cover any costs. Stablecoin staking is a more viable option, but it generates very little APY income.

goaldigger

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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.

Have you explored the option of staking? This has been the strategy of many while waiting for the bull market. All you have to do is to read everything about staking and know what is best rate for you, you also need to consider your capital since staking more can give a good returns. There’s a risk with this though so make sure to monitor always your staking and do this on a reputable site.

AmoreJaz

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Quote from: DoublerHunter on August 12, 2023, 04:58:00 PM

Quote from: AicecreaME on August 12, 2023, 03:43:04 AM

Quote from: Oshosondy on August 07, 2023, 05:41:59 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?

The ones that I know is staking, but you have to stake the coins and receive your reward everytime the staking protocol says. There are many altcoins like Polkadot, Solana, Atom that you can stake. You can also stake coins like wBTC but which is not bitcoin but pegged with bitcoin price.

But the best advice I have for you is to just hold your bitcoin and leave it for a long period of time, the price will increase and you will make money from it.

I agree.

Staking is the only way to earn passive income in cryptocurrency, I think. Trading is also a good one but it's so risky for a newbie. Hodling is the most famous one since all you have to do it to wait after you bought when the price dumped. Profits in staking is not that big compare to trading but a profit is still a profit. You could also look for an actual job or be a freelancer while you're holding your cryptocurrency, the more income, the better.

^I think there are more and additional of what you have said BTC mining can be a form of passive income, but it requires a significant upfront investment in mining hardware and energy costs. Miners validate transactions on the BTC network and are rewarded with newly minted BTC and transaction fees. However, mining has become increasingly competitive and requires technical expertise.
Next would be, Lending, yes it is because it's similar to interest-bearing accounts, you can lend out your BTC to individuals or platforms in the crypto space in exchange for interest. Peer-to-peer lending platforms connect lenders with borrowers.

btc mining though is not for all. aside from the expensive equipment you need to buy, should have knowledge on how to do it right. now, investing in lending platforms, this is quite high risk for me because the platforms should be solid, trusted and reliable. even if they guarantee profit, what is the guarantee that you can get back your funds plus profits?
now, if the OP just don't want to do anything, one thing is like put your coin such as BTC to flexible savings or fixed savings like in binance. choose your platform carefully here.

DoublerHunter

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Quote from: AicecreaME on August 12, 2023, 03:43:04 AM

Quote from: Oshosondy on August 07, 2023, 05:41:59 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?

The ones that I know is staking, but you have to stake the coins and receive your reward everytime the staking protocol says. There are many altcoins like Polkadot, Solana, Atom that you can stake. You can also stake coins like wBTC but which is not bitcoin but pegged with bitcoin price.

But the best advice I have for you is to just hold your bitcoin and leave it for a long period of time, the price will increase and you will make money from it.

I agree.

Staking is the only way to earn passive income in cryptocurrency, I think. Trading is also a good one but it's so risky for a newbie. Hodling is the most famous one since all you have to do it to wait after you bought when the price dumped. Profits in staking is not that big compare to trading but a profit is still a profit. You could also look for an actual job or be a freelancer while you're holding your cryptocurrency, the more income, the better.

^I think there are more and additional of what you have said BTC mining can be a form of passive income, but it requires a significant upfront investment in mining hardware and energy costs. Miners validate transactions on the BTC network and are rewarded with newly minted BTC and transaction fees. However, mining has become increasingly competitive and requires technical expertise.
Next would be, Lending, yes it is because it's similar to interest-bearing accounts, you can lend out your BTC to individuals or platforms in the crypto space in exchange for interest. Peer-to-peer lending platforms connect lenders with borrowers.

Mahanton

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Quote from: darewaller on August 12, 2023, 03:28:36 PM

Quote from: ajiz138 on August 08, 2023, 09:47:18 AM

Mining, but that requires a lot of capital to build a mining rig. Don't Cloud mining is a scam.
Staking, you can try on the coins available for staking.
Trading, this is the most likely for you with day trading and can master it can be your passive income.
Opening a service if you have the skills.

This would be a very tough one. Not only you need a lot of money to do it, which would be easy to get if you are already rich so you could just use that to get the rig, but even if you are rich, you would have to realize that you either have to know a lot about rigs and hardware in order to fix any issues and understand coding just enough to make them work, which is not very little, usually they run on linux if you want them to be optimized but could run on anything really.

So all in all you need to know that, or hire someone who does, and then you are taking a big risk of anything going wrong. All these combined results with the fact that you are not going to make all that much money, the result won't be that good.

When we do speak about passive income then it would really be pertaining into something which we would really be just simply sit and wait which we could still make out some revenue which it is really the true meaning of passive on which it is something that cant really be that so easy here on crypto because when we do speak about passive then it is something that would really be means about assurance on making profits.Lets say about having those staking per year which it would be giving out whether that monthly gain out or yearly but still it wont really be guarantee out that it would really be that giving out that kind of profit in a year basis knowing that price of crypto is really that volatile and something that cant really be known. In overall people would really be falling into the category of making out trades which it would be considered to be that an active thing to be done by someone for them to make income or profit here on crypto space. If you arent really that able to find out other various ways then it would really be just only possible into those traditional businesses or investment
in speaking about passive like on real estate which had been rented or whatsoever correlated to it.

salad daging

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Bitcoin To The Moon 📈📈📈

As a passive income, do you want it to fulfill your needs?
If YES then this is a tough way to trade or invest.

So the wise advice is to invest by continuing to collect bitcoin at least until the halving arrives and wait a few months to see the price bullrun again, although there is no guarantee but I think it is necessary to be optimistic because bitcoin always has the same historical cycle as before.

Not sure how to earn passively unless you never leave your existing job.

tjtonmoy

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I have no experience with lending, so I am not sure how much profit it could generate. But the other thing that is available is staking. You can find it in many centralized and decentralized platforms. Whatever kind of platform you choose, you will have to hand over your assets to the platform owners. Also, there are 2 types of staking. One is locked staking, another is flexible staking. In locked staking, you will not be able to withdraw your funds before the locked period is over. On the other hand, flexible staking will let you withdraw at any time. But will give you less profit than locked ones.

With the experience I had with them, I don't think they are the best option to choose from. If you use locked staking, in times of price dumps or a project's downfall, you will not be able to withdraw your assets. Thus you will make losses instead of profits. Also, the APR is not that good.
My advice is to convert your assets into Bitcoin. Keep them in personal wallets and just HODL. The amount you will get from staking will not even compare with the amount you can get from HODLING. Not to mention that it will have no such risk as staking. Your assets which you can control. So give it a thought.

darewaller

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Quote from: ajiz138 on August 08, 2023, 09:47:18 AM

Mining, but that requires a lot of capital to build a mining rig. Don't Cloud mining is a scam.
Staking, you can try on the coins available for staking.
Trading, this is the most likely for you with day trading and can master it can be your passive income.
Opening a service if you have the skills.

This would be a very tough one. Not only you need a lot of money to do it, which would be easy to get if you are already rich so you could just use that to get the rig, but even if you are rich, you would have to realize that you either have to know a lot about rigs and hardware in order to fix any issues and understand coding just enough to make them work, which is not very little, usually they run on linux if you want them to be optimized but could run on anything really.

So all in all you need to know that, or hire someone who does, and then you are taking a big risk of anything going wrong. All these combined results with the fact that you are not going to make all that much money, the result won't be that good.

LogitechMouse

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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 is one of the most famous ways in order for you to get passive income.
I will not explain what staking is because there are many articles, and videos online that can explain it way better than I am.

I've been staking coins for years already. Currently, I'm staking ADA, ATOM, and CRO coins. I bought some of it during the bear market, and instead of them just sitting out there, and not multiplying, why not put it in a place where I can stake it, and earn certain amounts of coins over a long period of time. Just imagine you earning coins that you can sell if the bull market starts. It's like they gave you free money, and maximized that free money thru selling at it's peak or near to it.

There are some ways like the Earn feature of Binance, and maybe some exchanges, but staking is what I'm doing right now. I suggest you need to make a bit of a research so that you will not get overwhelmed. Good Luck.

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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.

If you have the opportunity, then you should keep bitcoin. While the bear market, the price for it is not as high as during the bull market. It will rise in price later and you can earn money. Other opportunities such as holding altcoins may be more risky. During this period, the desire to get rich can lead to the loss of money, you need to be careful

Taskford

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Quote from: TheUltraElite on August 12, 2023, 06:11:37 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 have been into crypto for a while you would know that anything that says can provide you with passive income is mostly a scam. Lending itself is not a passive earning, it carries huge risk and you would be surprised to see how much lenders on this forum risk over non-collateral loans.

You can simply buy bitcoin at the bear market because the prices will be low and your possible margin when the bull market sets in would be high. But nobody is going to generate money and give it to you so easily. Previously casinos allowed investing in their bankroll - but the big ones dont allow such anymore.

Be careful of staking and all that, once you have sent your money to a different person its not technically owned by you anymore.

If they talk about on investment side well for sure all of people who offer that are just a scammers since they just attempting to catch newbies attention with that words and there's no really true with those promises since most likely this will end up on situation that we don't like.

If they really want to earn on crypto without taking any risk especially if they can't handle the stress for losing their money better they should work for it acquired some skills and get hired by numerous clients here or offer some services which other people cannot do.

yudi09

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Quote from: Franctoshi on August 12, 2023, 05:52:32 AM

... ... -snip- Too, you can try mining, but the mining issue is in getting tools and electricity costs of mining, and some platforms allow you to mine their coin and earn some rewards. Just be reminded that all these involve risk because you are dealing with Alcoins.

You are right, Franctoshi, in trying to get passive income by mining, you definitely need a tool or equipment that requires a person to spend a large amount of capital to buy and maintain the work equipment.

Regarding risk, it must be managed.
I still remember to this day that risks will always be there and will never disappear even though we have tried our best to stay away from them. That is, not necessarily because dealing with altcoins we will be at risk.
Dealing with bitcoins also comes with a risk to be faced, but not as great as one might get when dealing with altcoins.

TheUltraElite

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So anyway, I applied as a merit source :)

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 have been into crypto for a while you would know that anything that says can provide you with passive income is mostly a scam. Lending itself is not a passive earning, it carries huge risk and you would be surprised to see how much lenders on this forum risk over non-collateral loans.

You can simply buy bitcoin at the bear market because the prices will be low and your possible margin when the bull market sets in would be high. But nobody is going to generate money and give it to you so easily. Previously casinos allowed investing in their bankroll - but the big ones dont allow such anymore.

Be careful of staking and all that, once you have sent your money to a different person its not technically owned by you anymore.

Franctoshi

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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.

Aside from staking and all the other stuff, You can earn passively by being a liquidity provider on some platforms with a little amount of money, some platforms offer you such an opportunity and in return, you earn money from it. Too, you can try mining, but the mining issue is in getting tools and electricity costs of mining, and some platforms allow you to mine their coin and earn some rewards. Just be reminded that all these involve risk because you are dealing with Alcoins.

Topic: Passive income with crypto - page 4. (Read 778 times)