Investing in bitcoin in crypto can give good returns so you can invest further to appreciate the returns. Another popular way to passively earn cryptocurrency is by sharing in airdrops. Airdrops are performed by crypto systems or occasionally crypto exchanges. This means that they will shoot free cryptocurrency to druggies who meet certain conditions. Airdrops are frequently performed by new crypto systems that want to distribute their means. frequently similar systems may be supported by exchanges or other larger systems.
Topic: Passively earning in crypto without trading. (Read 841 times)
You can lend cryptocurrency in some exchanges or use staking on DeFi pools right now. Both are valuable ways to make passive income.
There is a lot of transformation and development that has happened in the crypto space over the last decade. Back in the days, investors have to buy BTC and HODL for long timeand wait for the bullrun to earn. Along the line, crypto trading came up which has been an integral part of crypto since its introduction.
In order to bring more passive means of earning, staking, savings and lots of innovation came up to reward investors who are not willing to embark on trading but also want to earn from their crypto holdings. This strategy was quite more rampant during the bear market where products like Binance launchpool, high yield earns and Bitget sharkfin, dual investment and the rest where the best strategy to navigate the storm of the season.
With the bull market insight, seems a lot of people are enjoying the pumps from several coins they have invested in during the bear market but for those that didn't invest during that period, this product can still be utilized as the APRs have increased significantly unlike the bear market.
Or are there other passive ways of earning you will recommend for those that already missed the ongoing pump and are skeptical of price dumping on them?
In order to bring more passive means of earning, staking, savings and lots of innovation came up to reward investors who are not willing to embark on trading but also want to earn from their crypto holdings. This strategy was quite more rampant during the bear market where products like Binance launchpool, high yield earns and Bitget sharkfin, dual investment and the rest where the best strategy to navigate the storm of the season.
With the bull market insight, seems a lot of people are enjoying the pumps from several coins they have invested in during the bear market but for those that didn't invest during that period, this product can still be utilized as the APRs have increased significantly unlike the bear market.
Or are there other passive ways of earning you will recommend for those that already missed the ongoing pump and are skeptical of price dumping on them?
You are right those that literally accumulate and hold during the bullrun are the ones gaining it now , but there still means you can make good amount of money without investing any , that's where we 3 came in if you have any technical skills you can seek some web 3 jobs and stuff , or you can go into airdrops some folks has made some good amount of money from during airdrops and stuff and though the money do take time sometimes before it will come but some that didn't have money to buy coin where able to hold some token due to the airdrops they participate on .
Staking is actually one way to be holding coin, waiting for the right time to take profit, and at the same time, be earning on a weekly or monthly basis from that which you hold. With the way BNB has doubled in price, those who have bought and have been holding it for long and have staked it will definitely be enjoying their profit now.
But profit is not always guaranteed in staking. I mean, you can stake and lock up your coin and miss out on good selling opportunities, which you could have made good profit compared to what the staking reward offers you + the current price of that currency.
With staking, you can earn the coin without doing anything and only waiting for some term. If you use flexible type of staking, you can unstake the coin anytime you want so you can sell your coin at a high price if the price surge to the high price. Like what happen to BNB now. We are making a big profit by hodling the coin from a long time ago so when we sell the coin, we will get the profit.But profit is not always guaranteed in staking. I mean, you can stake and lock up your coin and miss out on good selling opportunities, which you could have made good profit compared to what the staking reward offers you + the current price of that currency.
Before you stake, you must learn the term and conditions so you understand what you can do and don't. The exchanges also offers you how long you want to stake the coin so you can select what you want. People doing staking because they want to earn more amount while they are waiting for the price increase.
In order to bring more passive means of earning, staking, savings and lots of innovation came up to reward investors who are not willing to embark on trading but also want to earn from their crypto holdings. This strategy was quite more rampant during the bear market where products like Binance launchpool, high yield earns and Bitget sharkfin, dual investment and the rest where the best strategy to navigate the storm of the season.
I don't know how you knew that these things you mentioned are the best strategy to make money from cryptocurrency rather than HODLing. From experience, a lot of people lose money from most of the items you listed especially staking and launchpool because most of the tokens turn out to be worthless. I even knew people who were staking certain cryptocurrency and before maturity, the price has crashed so even though they had more token, their money was lost due to the dump. The risk in these schemes is just too much to endure so I rather buy bitcoin and HODL than do any of the things you listed.
Staking your crypto can help you earn a continual source of income, and that can be especially advantageous if you’re a long-term buy-and-hold investor or looking to stack up some coins. The rewards vary from coin-to-coin, but those for more speculative coins tend to be higher.
Yeah, staking can help you earn additional coins but do you also consider the implications? Aside the high risk involved, I don't see anything impressive about staking because the return is not attractive. Although, it's better to earn little as much as possible than holding your coins dormant for a long time but the probability of loosing your coins make it unreliable. Some platforms that offer high return are likely scammers hunting for greedy investors. Even if the platforms are legit, remember not your keys not your coins because you are entrusting your coins into third party care. If you intend to stake, do it with caution.
When I tried out this staking of a thing the return wasn't much and with another one I had a bad experience with, on the other hand, I lost money staking my crypto and you should be caution about staking because most of the staking are also offered by this centralized exchanges and that involves you storing your cryptos in those platforms, which you don't have maximum control, I joined one stake program, stake when the coin was high around $165 in price (1.5) of that coin imagine before the time that my crypto became unlocked, the price has fallen to $126 ,whereas the profit I made was not way near what I lost.
Staking is not the problem because it do come with reward for staking, but where are you staking your coin into is the main problem because just as you said, they are mostly centralized platforms that cannot be fully trusted.And one disadvantage of staking is when you stake and the market is bullish, you will be willing to sell your coins while it will be locked in any platform you staked them until the agreed duration, and mostly by then, you would have missing an opportunity which the staking reward cannot give you that is why I personally don’t believe in staking coins unless on airdrop or test net platforms that I know I am looking for extra rewards letter.
When I tried out this staking of a thing the return wasn't much and with another one I had a bad experience with, on the other hand, I lost money staking my crypto and you should be caution about staking because most of the staking are also offered by this centralized exchanges and that involves you storing your cryptos in those platforms, which you don't have maximum control, I joined one stake program, stake when the coin was high around $165 in price (1.5) of that coin imagine before the time that my crypto became unlocked, the price has fallen to $126 ,whereas the profit I made was not way near what I lost.
Before you start using such products, assess the risks, if you are talking about staking, you need to understand that the profitability will not be that high in relation to the risks. The average APR will be about 10%, which is not much, but almost any staking requires you to lock your tokens for 14-30 days, which will not allow you to withdraw them quickly enough if necessary, and the price of tokens during their staking can fall several times, and it is clear that in this case you will not get any benefit from staking.
At the same time, a 10% pump happens quite often for any coin and what you can earn in a year in staking you can take in one transaction in trading. I understand that you want to use passive income, but in practice it is not as safe as it seems and the profit is very conditional...
At the same time, a 10% pump happens quite often for any coin and what you can earn in a year in staking you can take in one transaction in trading. I understand that you want to use passive income, but in practice it is not as safe as it seems and the profit is very conditional...
...This strategy was quite more rampant during the bear market where products like Binance launchpool, high yield earns and Bitget sharkfin, dual investment and the rest where the best strategy to navigate the storm of the season. ..
Now such launchpool no longer bring tangible profit and, at best, you can earn 0.5-1% of the investment. You need to pay attention to the DeFi sector, where in addition to the annual rate, you can get tokens of new coins, which you can later sell and get a good profit.
At present I am doing tasks and accepting crypto as a payment option. I want to try binance investment products also in future. Ofcource it is not easy to get passive income.
In this forum, we can join signature campaign and bounties, you can find it by quick search. Doing some tasks within the predetermined tasks to gain some rewards, but this not passive income, I guess, this is just working and get paid.
At present I am doing tasks and accepting crypto as a payment option. I want to try binance investment products also in future. Ofcource it is not easy to get passive income.
Or are there other passive ways of earning you will recommend for those that already missed the ongoing pump and are skeptical of price dumping on them?
There is nothing new to what we already have known or heard about bitcoin opportunities, if we can invest, then we are going to stand a chance to earn as well form it, holding is another way, buying the dip or the use of a purchasing power of DCA could also be another means through which we can arrived on something, lastly, we can also go into trading if we have the required skill needed.
Possibility earn passively earning in cryptocurrency without trading by staking, saving or adding liquidity but have problem with small earn than how much profitable from trading, its looks staking or saving reward only for every trader or investor scare take risk by trading and looks comfortable although have small return from staking or another interest return from cryptocurrency.
Nowadays have many exchange coins give interested offering if want staking coins, not only BNB with their launchpool project at Binance almost every month but also have Bitget with their BGB coins always offering launchpool and reward for member stake coins. For trader or investor have earn much from trading looks not interested from staking with small reward received because not stable yet from staking reward depend how many user joining.
Nowadays have many exchange coins give interested offering if want staking coins, not only BNB with their launchpool project at Binance almost every month but also have Bitget with their BGB coins always offering launchpool and reward for member stake coins. For trader or investor have earn much from trading looks not interested from staking with small reward received because not stable yet from staking reward depend how many user joining.
But profit is not always guaranteed in staking. I mean, you can stake and lock up your coin and miss out on good selling opportunities, which you could have made good profit compared to what the staking reward offers you + the current price of that currency.
About staking your coins, it is better done during the bear season when you know that bull is not expected and by that time you won't be under pressure to unstake. If you are not sure to wait long, you can stake for a month and by that time you won't miss out in the bull because bull season don't happen only for one month duration. But I think it is a guarantee for you to make some money from staking your coin no matter how small it is because you have a percentage you get from your coins and if you sell it, it is still some profit despite that it can be small. If you are not sure of missing out of the bull, you only stake for short term.
With the bull market insight, seems a lot of people are enjoying the pumps from several coins they have invested in during the bear market but for those that didn't invest during that period, this product can still be utilized as the APRs have increased significantly unlike the bear market.
Or are there other passive ways of earning you will recommend for those that already missed the ongoing pump and are skeptical of price dumping on them?
Innovation will continue to grow and there are many ways for people to make money in this industry, besides that we can also see the opportunity to make money with the extent of the opportunity. If we miss out on the pump that is happening now then the opportunity depends on the purchase value in the coin and trading although there is a big risk if someone does not understand the structure in recognizing opportunities and how.Or are there other passive ways of earning you will recommend for those that already missed the ongoing pump and are skeptical of price dumping on them?
If starting from the case of a beginner who is just learning to enter crypto then the safer way is to only get involved in investing using potential coins even though the profit cannot be obtained during this period but that is one of the much better recommendations in my opinion.
Since the staking is done on a CEX and with coins controlled by the platform, for me it is more risky than the potential profitability of this staking, and it also depends on the person's capital that he invested in these coins. HonestlyI tried this before, and I do not see that its profits are worth the effort and the period of time that I allocated for staking; as the market is volatile, it is possible that the profits will be erased with the decline in the price of the staked coin, and also CEX is not reliable for holding crypto for extended periods. In addition to the price of one BNB coin is now $700, which is $20 below its ATH, it requires any investor to have a good amount of capital to risk, which contradicts the principle of investing what you can afford to lose.
These platforms entice investors with the features they offer for their coins, which increases demand. Still, no one can guarantee the impact of negative news about the platform that could directly affect the coin's price and the invested funds. From my observation of the trust associated with Op, it seems to be a "Shiller" for these exchanges, and a person should not be driven by his greed without calculating the risks associated with his decisions.
Most times I get discouraged with the processes associated with getting these free tokens or thereabouts from exchanges, Sometimes they find a way of even denying you the rewards. I paused to ask myself if it's worth the stress. Working your ass off, spending data and wasting mental resources all for those peanuts. You only get good rewards when you invest good amount of money.These platforms entice investors with the features they offer for their coins, which increases demand. Still, no one can guarantee the impact of negative news about the platform that could directly affect the coin's price and the invested funds. From my observation of the trust associated with Op, it seems to be a "Shiller" for these exchanges, and a person should not be driven by his greed without calculating the risks associated with his decisions.
It's better to wait for the bear run if your interest is in short term gains, invest in these promising coins and wait for the bull run to Cap good profits. People should know that if you channel the same energy you invest in chasing these faucets and mining pools into actually learning a skill, you'll develop yourself, offer your services to companies and get enough money to invest in the bear run and there are still companies that pay in crypto. It's all about aiming for the bigger fish.
Holding some BNB and stake in Binance is a passive income for me. I can earn return from staking BNB and other coins so when that is enough to collect and the price increase, I can sell it and make a nice profit.
But holding Bitcoin now could be a passive income because when we buy Bitcoin at a few years ago, we are make a profit now. We can sell it for small amount and use that money for our needs.
Staking is actually one way to be holding coin, waiting for the right time to take profit, and at the same time, be earning on a weekly or monthly basis from that which you hold. With the way BNB has doubled in price, those who have bought and have been holding it for long and have staked it will definitely be enjoying their profit now.But holding Bitcoin now could be a passive income because when we buy Bitcoin at a few years ago, we are make a profit now. We can sell it for small amount and use that money for our needs.
But profit is not always guaranteed in staking. I mean, you can stake and lock up your coin and miss out on good selling opportunities, which you could have made good profit compared to what the staking reward offers you + the current price of that currency.
With staking, big risk from Impermanent Loss, if you don't know about this risk and can not control your portfolio well, don't join staking.
Understanding Impermanent Loss.
https://www.coingecko.com/en/impermanent-loss-calculator
Isnt that a con for providing liquidity? Im prettt sure I know staking cause I am doing it since then, and also I am providing liquidity on some of my holding assets so IL or impermanent loss is part of the game.Understanding Impermanent Loss.
https://www.coingecko.com/en/impermanent-loss-calculator
The only downside of staking are the following but not limited to market volatility which could fluctuate token price due to dilution and many participants joining.
I recommend staking as good since it can give you passive income while holding it with some risk associated due to what I explained.
Or are there other passive ways of earning you will recommend for those that already missed the ongoing pump and are skeptical of price dumping on them?
Don't look at the regular and common things—crypto lending (totally not recommended), crypto mining (99.9% are scams), or any other crypto investment that promises a high return of 100% after some period of time (likely to be Ponzi). Rather take a different approach. If you have a highly desirable skill or any skill at all, find a niche and find people who are progressive in their thinking who are in this niche who need what you have. Instead of making the exchange instead of fiat, receive crypto. While the above idea is not exactly passive, a typical passive earning strategy is to have a product that people resubscribe to without you doing anything new but they pay in crypto. Creating a software application that they have to make purchases in crypto, a book where they can always come and pay in crypto and others.
There are so many of the non-typical passive earning methods.
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