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 865 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.
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.
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.
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
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
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.
Also staking is one of the trend now like you are holding plus the accumulated earnings through out the locked period.
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.
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.
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. 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.
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.
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.
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.
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.
Trading is the best way to make a moderate income.
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.
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.
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.
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.
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 ARBParticipation 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.
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 
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.
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.
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.
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.
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/
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.
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.
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.
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.
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.
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.
(...)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 can participate in the referral program of CEXs, and not only in the bull season but also in the bear season, this passive income is still a pretty good form. But it needs you to have a community and know how to attract users to sign up through your link.
In addition, I think airdrop, bounty, testnet,... are also some forms of income for us in the space.
While it may seem convenient at this stage to see profits, the value of cryptocurrencies can fluctuate wildly and without careful research, passive income can also be risky lost money.
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?
I can recommend an almost passive (pass a simple captcha every hour) way to get satoshi, which doesn't require special skills and time from a well-known and trusted exchanger aggregator - Earn free BTC with BestChange BTC faucet.Drop by drop from faucet
I haven’t withdrawn the accumulated satoshi yet, because in the process of accumulating the minimum withdrawal limit (1000 sat), but I’m sure there won’t be any problems with this. The process itself, in a sense, even seems like a little entertainment, and brings in its penny.
Check the earning programs on popular exchanges like binance, kucoin... the APR rates differs per coin and per term (flexible vs fixed).
Market mood also plays a role here ( seems like that during bull markets they offer higher APR on stable coins ).
There also used to be lending with some exchanges (I think bifinex still has this option)
or investing with casino bankroll was popular some time ago (looks like bitvest is still working)
Market mood also plays a role here ( seems like that during bull markets they offer higher APR on stable coins ).
There also used to be lending with some exchanges (I think bifinex still has this option)
or investing with casino bankroll was popular some time ago (looks like bitvest is still working)
There isn't many ways to earn money passively, other than just holding your coins. It's also safest way, though, it doesn't guarantee high returns.
Other methods isn't completely passive because it requires more or less efforts. You can look at affiliate marketing, but it requires quite a lot work and some knowledge in beginning to start generating money. Lending is another option, but it's very risky, definitely not for beginner.
Other methods isn't completely passive because it requires more or less efforts. You can look at affiliate marketing, but it requires quite a lot work and some knowledge in beginning to start generating money. Lending is another option, but it's very risky, definitely not for beginner.
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.
Other passive forms of earning in crypto such as cloud mining are mostly scam.
Other passive forms of earning in crypto such as cloud mining are mostly scam.
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?
Holding for me outside exchange is still considered as a passive way of earning, you may not earn through the quantity of your holding unlike staking and interest rates coming from exchanges but you don't hold the private keys there. I'll choose to own and have it and see it grow in paper value than of seeing it have more in small amounts through quantity based on the percentage reward that they're giving to the depositors or holders of their vaults. I just find this as a better way to increase the profit through holding and that's why I consider it as a passive income. Also, you don't get to trade with that as it seems safer than all of those options. 
These methods are based on providing liquidity to users. In the current market, there is a scarcity of stablecoins and an abundance of Bitcoin, so it is easy for them to ask you for Bitcoin or stable currencies in order to obtain more stablecoins.
Therefore, with the increase in the price of Bitcoin, these projects succeed in attracting liquidity, but as soon as the price correction occurs, all of these services will end up in bankruptcy, so be careful and withdraw all your assets from them before the price correction begins.
Therefore, with the increase in the price of Bitcoin, these projects succeed in attracting liquidity, but as soon as the price correction occurs, all of these services will end up in bankruptcy, so be careful and withdraw all your assets from them before the price correction begins.
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?
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