Passive income with crypto - page 5.

AicecreaME

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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.

xSkylarx

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The only thing that I can think of is staking and holding. In staking, you'll put your funds or altcoins on a platform for a specific period of time, which is again risky as this feature is only for new coins, and holding is somewhat passive, but again, over time in altcoins, there is a possibility that it goes down. The chances of having passive income in crypto are low unless you just hold. That is why it is better to get your hands dirty and do trading so that you'll earn profit.

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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 really want a passive income aside from Bitcoin, I think number here are Ethereum, Bnb, Sol, Ada, Arb, Shib. But these are just my suggestion, then put them on staking methods so that everyday you have earnings you can get from it or Farm them all depending on your choice of how you're gonna set it up in terms of how many amount you like to farm or stakes it.

Latviand

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Quote from: ScamViruS on August 11, 2023, 02:49:37 PM

Staking is the best way for passive income if you research properly and invest in good coins. There is a lot of risk here because due to volatility in the market many times different coins behave unexpectedly in the market which can lead to big losses on your staking coins. So be aware of the risks before investing here so that you don't have to regret later.

Totally agree, I have most of my tokens staked especially if I want to hodl on to it, makes it hard for me to spend it too because I can see some growth even though small in my staking which tricks me psychologically that it's worth not pulling the staking out just to spend it on something I know I would probably hate later on.

Quote from: ScamViruS on August 11, 2023, 02:49:37 PM

You can make passive income through day trading but for this you need trading skills. By developing trading skills, you can predict the market correctly and you can take maximum advantage from the market. So instead of getting attracted to passive income, you should spend time in getting good knowledge about crypto, when you get enough knowledge then you will understand what is right and what is wrong.

If you are doing the work and you can't make money when there's no human interaction then it's not a passive income, it's already in the name already meaning that it works in the background so trading isn't in any sense a passive income, more like a side hustle although it can be argued that renting your property is also a passive income even if it requires interactions. Your reason they should consider being active in trading isn't applicable to everyone because there's a reason that someone's looking for a passive income and it involves their focus to be not split into other stuff which in this case has a risk of them losing their money.

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Quote from: Smartvirus on August 11, 2023, 07:55:00 PM

-snip-
Hodling of bitcoin would be one major way not to take a lot of risk and still be earning something. It might be time consuming and make for an exhausting wait but it's often worth the effort if you've got huge hodlings.

Holding Bitcoin must be done with confidence and confidence that the long term will provide returns that are worth the wait.
Not too much risk, just buy gradually or do DCA then hold it for a certain period of time according to the main price target.

I would say, that is the best investment path rather than having to hold new altcoins or altcoins that have no clear development.
Bitcoin will generate more profit than we want, but it takes time and we need to be patient.

Wanting passive income in crypto is quite easy, buy and hold and adjust the target.
The more assets you buy, the more profit you can get.

Smartvirus

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Most of what your to meet in crypto for investment options is either you buy and hodl,trade or stake of which, staking is no longer the case for bitcoin as, liquidity pool isn't a need. Should you venture into staking of atcoins, there you might get something but even then, the reward on staked value wouldn't seem what the time and worst of all, when your staking on a coin who's value is declining and don't have much promises in the cryptospace. You would just as well be wasting quality time and the chance to have cut your lose when you ought not to have been hodling anymore.

Hodling of bitcoin would be one major way not to take a lot of risk and still be earning something. It might be time consuming and make for an exhausting wait but it's often worth the effort if you've got huge hodlings.

Baofeng

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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.

I'm not really sure if there is a way that you can make a passive income in bitcoin without taking a great risk. Sure it's bear market, but if I'm in your case, I will just continue to accumulate as much as I can and stack sats in your wallet simply as that. You don't need to complicate things like staking or other suggestions here, and again you don't know how big or small the risk are just to have some sort of passive income.

Not saying that it's not possible, it could be done, but it will also take some out of your bitcoin as well to earn a passive income. And it just be complex to you specially if you are a beginner here, just saying.

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Quote from: cabron on August 11, 2023, 02:56:48 PM

Quote from: ScamViruS on August 11, 2023, 02:49:37 PM

~~~

You will however need a huge amount of capital to substantially gain at least. Not sure if a staker can earn substantially like can support himself if he has 32 ETH to stake. There are lots of tokens to stake but it's safer to stick to the most popular token like ETH or the investor will just be scammed.

But why chose to stake when you can mine altcoins, it's still profitable especially if the investor can find a way to use solar or win to mine. A good way to learn crypto while he can chose from time to time which crypto to mine.

And that's why I said there is a risk here, that if he doesn't make the right decision, he will get worse results than he expected. Spending time to learn about crypto is most important for a newbie, because if he gets proper knowledge about crypto then he can decide on his own what will be the best decision for him. OP has not mentioned the amount of money he can invest which makes it difficult to give him any proper suggestion.

Since he has no decision regarding funds and other matters, the suggestion to make him interested in learning is correct. Now if he makes any investment, he will not get the right result because he does not have enough knowledge that he will actually get the result if he goes to this suggestion.

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Quote from: ScamViruS on August 11, 2023, 02:49:37 PM

Staking is the best way for passive income if you research properly and invest in good coins. There is a lot of risk here because due to volatility in the market many times different coins behave unexpectedly in the market which can lead to big losses on your staking coins. So be aware of the risks before investing here so that you don't have to regret later.

You can make passive income through day trading but for this you need trading skills. By developing trading skills, you can predict the market correctly and you can take maximum advantage from the market. So instead of getting attracted to passive income, you should spend time in getting good knowledge about crypto, when you get enough knowledge then you will understand what is right and what is wrong.

You will however need a huge amount of capital to substantially gain at least. Not sure if a staker can earn substantially like can support himself if he has 32 ETH to stake. There are lots of tokens to stake but it's safer to stick to the most popular token like ETH or the investor will just be scammed.

But why chose to stake when you can mine altcoins, it's still profitable especially if the investor can find a way to use solar or win to mine. A good way to learn crypto while he can chose from time to time which crypto to mine.

ScamViruS

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Staking is the best way for passive income if you research properly and invest in good coins. There is a lot of risk here because due to volatility in the market many times different coins behave unexpectedly in the market which can lead to big losses on your staking coins. So be aware of the risks before investing here so that you don't have to regret later.

You can make passive income through day trading but for this you need trading skills. By developing trading skills, you can predict the market correctly and you can take maximum advantage from the market. So instead of getting attracted to passive income, you should spend time in getting good knowledge about crypto, when you get enough knowledge then you will understand what is right and what is wrong.

avikz

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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.

Like many other, I will also go ahead with "staking" when it comes to passive income from cryptocurrency. There are multiple staking coins available in the market so do your own research before choosing your portfolio. Personally, I only prefer ETH as I am not much interested about shit coins. There are multiple pools available where you can stake your ETH and earn a passive income. However the return is quite low but when it's a passive income, you can't complain about it.

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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.

The answer is staking. By staking, you can get passive income but staking requires carefulness in choosing assets and platforms.
So far, it's been a lot easier for you to learn staking because of the availability of sites about staking information.

What Is Staking In Crypto: How Does It Work. This is one of the readings that can help you understand staking because now it seems that many people are staking, especially people who don't have much time to monitor market price movements. So they choose to do staking to earn passive profits in crypto.

If you want, set aside your money to invest in bitcoin by buying regularly and holding until the price reaches a high price.

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Quote from: Findingnemo on August 11, 2023, 11:28:02 AM

so staking is good for some altcoins but it's not really going to bring a lot of money in my opinion.

To add to this discussion. I think staking can really give some good side income if you stake a valuable coin with comparable good price. Cartesi has such value for profit and that is why the time duration allowed for it is lower compared to some other coins. Most times I see 30days duration on it while some other coins are allowed up to 120 days in binance. Cartesi has an ATH of $1.75 but currently selling at $0.14. Therefore imagine staking 1,000 unit and having like 5% reward per month which is about 50 unit to your stake.

Stepstowealth

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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?

There is a common job and service that some people around me who cannot buy bitcoin do, which is to help people sell off their bitcoin to online vendors for a higher fee and give the people selling to them an amount less than what they sold, taking the profit in between as their commission for the service they have rendered. Since you have knowledge about cryptocurrency from being in cryptocurrency for a while now, you should know how to help people trade the bitcoins they have for fiat. You can become a vendor and earn some passive income in cryptocurrency.

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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.

You can earn passive income from crypto using the following methods.

1. Testnet
2. Mainnet
3. Bounty
4. Mining
5. Play to earn games
6. Ambassador programs
7. Blockchain Development
8. Signal Channels
9. Course
10. NFT(Creation, Loyalty, Flipping)
11. Crypto community management
12. Trading
13. Saving and Staking
14. Peer to Peer buy and sell
15. AMA(Ask Me Anything)

Findingnemo

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Quote from: Oshosondy on August 07, 2023, 06:59:29 AM

You can stake directly on noncustodial wallets that support staking. You do not need to stake on those centralized platforms which is against the rules of cryptocurrencies which is not jot your key not your coins.

Non-custodial staking is not possible on the coins that are running based on Proof of Work (PoW) so staking is good for some altcoins but it's not really going to bring a lot of money in my opinion.

And for the record, there is not actually passive income for bitcoin beyond mining which is also going to need huge capital to make enough in the long term so I suggest keeping the Bitcoins in the cold storage itself a best possible choince in terms of returns based on Fiat value.

khiholangkang

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Quote from: el kaka22 on August 08, 2023, 11:05:24 AM

If you do staking then there is a good chance of making a profit. Do not confuse this staking as the "staking" they have over at altcoin bounties section, that's not what I mean, what I mean is ETH staking by having 32 ETH proof of staking at that moment. That's the real one and you should be making a profit based on that. It is like dividends from stocks and it gives you a good return one way or another and should be considered a lot better when the time comes as well.

I understand that it is not a simple thing, but that's how it happens to be and that's what you should be considering. Making passive income is simple in the crypto world, you just have to make sure you are looking at the right places for it.

Staking is the best option to get passive income, either paid using its ecosystem coin or the coin directly, being a liquidity provider is quite interesting and I am also interested in it, especially Eth, with considerable potential in the future, besides we get dividends or reward from our staking.
We can also get a capital gain in the future when the price of Ethereum increases many times, of course this is very pleasant and potential, rather than we do trading with limited knowledge, it will only make you difficult and lose money quickly.

Flexystar

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I am gonna be straight with this question. You earn it by providing your services OR you just work hard over freelancing sites, micro tasking sites and get paid in the Bitcoin. Almost every online earning or money making website accepts payments in bitcoin and also sends out payout in the form of Bitcoin. I think it would grow slowly for you but it will be nice income and it will be paid in the Bitcoin. The advantages are many. For example you can collect the payment in Bitcoin and keep them safe as it is like a holder. In long term Bitcoins volatility’s gonna show up nicer trends and you can grab profits along the way.
There are people who are just making money online sitting at their homes. So if someone pulls you back by saying you can’t make money online then they have no idea what they are talking about. Just go for it.

el kaka22

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If you do staking then there is a good chance of making a profit. Do not confuse this staking as the "staking" they have over at altcoin bounties section, that's not what I mean, what I mean is ETH staking by having 32 ETH proof of staking at that moment. That's the real one and you should be making a profit based on that. It is like dividends from stocks and it gives you a good return one way or another and should be considered a lot better when the time comes as well.

I understand that it is not a simple thing, but that's how it happens to be and that's what you should be considering. Making passive income is simple in the crypto world, you just have to make sure you are looking at the right places for it.

ajiz138

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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.

Topic: Passive income with crypto - page 5. (Read 778 times)