Passively earning in crypto without trading. - page 2.

Yucky

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Quote from: TheVeteranAngel on March 13, 2024, 04:01:58 AM

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?

The crypto space has really grown over the years, giving us more options to make money. And it's always wise to look for how to take hold of the next market opportunity rather than regret over lost ones. So, I recommend checking out DeFi as a passive investment in the crypto world. If you're sceptical about investing in Bitcoin or don't have the budget

DeFi platforms allow you to lend, borrow, or farm yields on your crypto holdings. This way, you can earn passive income without relying on market fluctuations. And it's open to anyone with an internet connection.

EL MOHA

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Quote from: Peanutswar on December 04, 2024, 09:04:10 AM

In that goal you aim for holding your coins into your wallet and accumulate profit until next coming halving well that's most of the people want because they don't get hassle with the market volatility but again its all about the battle of emotions are you good seeing your funds value getting crash with the market because once you get owned possible you get feared and sell your asset. Hodl into a safe wallet and wait for the next halving that's the best effort you can do if you don't want to make a trading. Whats your plan about that DCA or just a full asset funds to hold?.
Also staking is one of the trend now like you are holding plus the accumulated earnings through out the locked period.

Holding an asset for a very long term is mostly a battle of psychology, most people tend to fail at this and that’s why they are shaken out when there is any dump or bear in the market. Example is this recent market range of bitcoin price after the $99k all time was reached, many investors didn’t take profit as they await the $100k, but some the market has started ranging I can clearly read the FUDs that are going round of bitcoin not reaching there and that there is more downward movement coming this has lead to the sell off by weak hands, because there emotions isn’t as strong as those with diamond hands. But one thing is certain only diamond hands get the greater rewards.

As for staking I wouldn’t advice much on it because it will require you to have your bitcoin on custodial exchanges and the APR doesn’t worth the risk to me. But for Altcoin staking there is still this option of getting eligible for future airdrops on that blockchain but if you’re strong bitcoin holder which is safer and better, just hodl on a very good non-custodial wallet and hold for long if you can

SquirrelJulietGarden

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Quote from: cryptoaddictchie on December 03, 2024, 01:08:57 AM

Crypto still risky so not all are solid passive income. Maybe try some staking but that depend on the price too if its going down.

There is no solid thing can bring passive income certainly to you. Stocks, gold, real estate, Bitcoin, altcoins, they are all risky and only different in short term and long term. With your different expectation on ROI, passive income from your investment, you will choose different assets for profit.

The asset can be stocks, gold if you like traditional market, but if you want to join emerged markets like Bitcoin and cryptocurrency market, it's good if you pick Bitcoin, and say no to altcoins. Thinking of passive income by buying altcoins and staking with high APY is very risky. Big lesson like Terra and some DeFi platforms in a last bear market are unforgettable with me. I am against idea of staking to have passive income.

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

Peanutswar

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In that goal you aim for holding your coins into your wallet and accumulate profit until next coming halving well that's most of the people want because they don't get hassle with the market volatility but again its all about the battle of emotions are you good seeing your funds value getting crash with the market because once you get owned possible you get feared and sell your asset. Hodl into a safe wallet and wait for the next halving that's the best effort you can do if you don't want to make a trading. Whats your plan about that DCA or just a full asset funds to hold?.
Also staking is one of the trend now like you are holding plus the accumulated earnings through out the locked period.

EluguHcman

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There had been no new development around the corners of Bitcoin, staking, trading and invetainments features had all been potential interiors of Bitcoin.
We can only say as time goes by and the scalability adoptions of Bitcoin goes to expand, so more potential that Bitcoin poseses is being discovered by users and minerals are also endeavoured to facilitate on the Blockchain technicalities and so also enthusiasts are encroaching to adopt the use of other cryptocurrencies like the Altcoins.

This basically are the fortunes of crypto users giving the privileges to diversification of their incomes.
Otherwords... The Altcoins could have some new developments are newly coins are invented but Bitcoin has always been what it is today from it unset. That is why it is always advisable to invest on Bitcoin and if diversifying, be careful on what Altcoins to invest on.

albon

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Quote from: cryptoaddictchie on December 03, 2024, 01:08:57 AM

For all you have mentioned aboved there are others but commonly these are employed. Before I am joining launchpool in binance since I hold bnb and thats a good profit for me. Well thats the thing its really a passive but since I dont hold now I resort to some like liquidity and farming which give some good tokens.

Crypto still risky so not all are solid passive income. Maybe try some staking but that depend on the price too if its going down.

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.

jcojci

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Quote from: cryptoaddictchie on December 03, 2024, 01:08:57 AM

Quote from: TheVeteranAngel on March 13, 2024, 04:01:58 AM

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?

For all you have mentioned aboved there are others but commonly these are employed. Before I am joining launchpool in binance since I hold bnb and thats a good profit for me. Well thats the thing its really a passive but since I dont hold now I resort to some like liquidity and farming which give some good tokens.

Crypto still risky so not all are solid passive income. Maybe try some staking but that depend on the price too if its going down.

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.

cryptoaddictchie

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Quote from: TheVeteranAngel on March 13, 2024, 04:01:58 AM

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?

For all you have mentioned aboved there are others but commonly these are employed. Before I am joining launchpool in binance since I hold bnb and thats a good profit for me. Well thats the thing its really a passive but since I dont hold now I resort to some like liquidity and farming which give some good tokens.

Crypto still risky so not all are solid passive income. Maybe try some staking but that depend on the price too if its going down.

Alone055

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Quote from: Roggeredek on May 25, 2024, 11:30:26 AM

Trading is the best way to make a moderate income.

Quote from: Saint-loup on May 25, 2024, 04:57:44 PM

Freebitcoin offers interesting rates for BTC, but unfortunately some people are reporting some issues, so it doesn't seem reliable as it used to be, but many other custodial platforms or CEX other than Binance are offering earning interests. We can name Blockchain.com, Crypto.com, Huobi or Kraken. There are also decentralized Web3.0 DeFi or GambleFi platforms offering earning interests for investing in their pool. It can be safer than custodial platforms but smart contracts can be hacked or having back doors.

Buying and holding Bitcoin to yourself in a safe wallet is much better than staking it for an APY that wouldn't even give you much in return. Someone can get more profit by just holding and selling after the market pumps than staking, and it would even take less time.

Quote from: examplens on June 27, 2024, 08:08:15 AM

Why are you two spamming here? If you have any information to share, find an adequate place for it

They are probably paid a few bucks to shill the project in different threads of this forum, which is why they are spamming and advertising that airdrop.

Mia Chloe

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What's your definition of passive income? Because if you ask me , hodling a good crypto currency like bitcoin for a couple of years or bull runs rather is a nice form of passive income. Trading has always been around for a long time even before the digital era we are currently basking in and still crypto trading should be seen as a source of income generally and not passive income. Partially I can call staking passive income though I'm not a fan of it.

In more like a context of simple discussion, passive income is more like growing funds without actually putting in much effort and for crypto trading especially if you are the type that isn't based solely on copy trading, you literally have to put in the constant work of analysing the market before you can make profitable trades.

examplens

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Quote from: Cubewaldo on May 26, 2024, 10:30:43 AM

Quote from: beyond11 on May 19, 2024, 09:07:38 PM

According to my personal experiences airdrops, bounty programs and participating in testnet can be profitable if you know how to find them. For example the: Haven1 Blockchain and Haven1 Testnet.

interesting,

https://www.haven1.org/join-testnet a good airdrop campaign can be very profitable also, like ARB

Why are you two spamming here? If you have any information to share, find an adequate place for it

Participation in airdrop or similar bounty campaigns is not passive income. On the contrary, it is necessary to participate in 100 different campaigns/airdrops and only two or three will bring some profit. In other words, passive income means that it is something that you don't have special daily activities for, while airdrops most often require the fulfilment of occasional tasks, trading and similar.

Cubewaldo

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Quote from: beyond11 on May 19, 2024, 09:07:38 PM

According to my personal experiences airdrops, bounty programs and participating in testnet can be profitable if you know how to find them. For example the: Haven1 Blockchain and Haven1 Testnet.

interesting,

https://www.haven1.org/join-testnet a good airdrop campaign can be very profitable also, like ARB

Saint-loup

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Freebitcoin offers interesting rates for BTC, but unfortunately some people are reporting some issues, so it doesn't seem reliable as it used to be, but many other custodial platforms or CEX other than Binance are offering earning interests. We can name Blockchain.com, Crypto.com, Huobi or Kraken. There are also decentralized Web3.0 DeFi or GambleFi platforms offering earning interests for investing in their pool. It can be safer than custodial platforms but smart contracts can be hacked or having back doors.

uneng

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Making passive income in crypto is always a risky deal, because in order to do so you have to trust your coins to a third party platform. We have already seen cases of investors who were scammed by the platform's owners when adopting lending platforms as means to make passive extra income in crypto. Others who lend money through P2P concept were also scammed, even by reputable members in this forum, so it's never an assured deal.

I really like the concept, but nowadays I'm quite fearful and uncertain about it, so I think the best alternative is to just keep your holdings inside a cold wallet waiting for market's increasements in price. Especially during bullish markets and the migration from the bull to the bear market you have to be careful with your funds kept at third party platforms, because that is when most scams happen, motivated by greed and lack of planning over customers' funds.

Roggeredek

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Trading is the best way to make a moderate income. But there are many more mediums in cryptocurrency, but in all cases you have to earn by proving the experience. If you don't have much experience then you won't be able to earn much.

Rengga Jati

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Quote from: UmerIdrees on May 22, 2024, 03:56:18 PM

Stay away from these fancy terms like "Cloud Mining" etc as people will usually get your money and scam it, Also do not give your money to anyone else to get it invested for passive income, whatever method you choose to invest, do it yourself.

Indeed, crypto cloud mining is something that really should be avoided. Especially for beginners they might think that this is a great idea that will bring big profits. But in fact, crypto cloud mining is just a ponzi scheme, a scam, yes, another type of scams again. So you have to be careful not to just jump on the bandwagon and immediately participate in cloud mining without understanding it first.

Because at least, there are several considerations why cloun mining needs to be avoided:
1. Prevalence of Scams (bad reputation, many incidents of scams, and only sweet promises of high returns, but in fact, very low returns, and even very potential scams and only take our assets.

2. Low Profitability. Maybe many people think it will provide quite high rewards, but in fact, the returns are very low, in fact the risks are too high.

3. Control and Flexibility are very bad.

4. Security Risks: very high risks on security of our assets.

more detailed info, read here:
https://www.makeuseof.com/pros-cons-crypto-cloud-mining/

UmerIdrees

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Quote from: logfiles on March 13, 2024, 05:51:16 PM

HODLing the coins in a noncustodial air gapped wallet is probably the safest way with minimal effort. All you have to do is buy during the bear market and wait for 3–4 years to sell at the top or near the top. You will earn way more profits than staking or yield farms offer.

This is probably the best way to gain money in the four years time frame however when it comes to the passive income, people would be wanting to get some ROI on a monthly basis and that is not possible in this plan. Here you will sell near the top after 4 years and if you sell some coins before, your profit may decrease substantially.

Quote from: logfiles on March 13, 2024, 05:51:16 PM

Other passive forms of earning in crypto such as cloud mining are mostly scam.

Stay away from these fancy terms like "Cloud Mining" etc as people will usually get your money and scam it, Also do not give your money to anyone else to get it invested for passive income, whatever method you choose to invest, do it yourself.

jrrsparkles

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Just buy and HODL crypto, which is the best and safest way.

If you still insist then there are other ways like lending which is not really passive though but you lend crypto, charge high interest rates and get back the funds in cryptoitself just like what we usually see in the lending section.

Apart from there is one, casino bankroll investment which is passive but doesn't guarantee any rewards like staking or others but definitely it's best for huge amount of crypto in their wallet sleeping for years and wanted to risk some in the best casinos out there.

beyond11

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According to my personal experiences airdrops, bounty programs and participating in testnet can be profitable if you know how to find them. For example the: Haven1 Blockchain and Haven1 Testnet.

Negotiation

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Apart from trading, cryptocurrency can be earned in many other ways. By providing any kind of online service, payment can be made through cryptocurrency or Bitcoin. What matters here is what you intend to receive the money for. If you want to accept cryptocurrency or Bitcoin then you can. There are many types of small or large services that you can earn with.

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