Seeking Passive income offer with low risk - page 2.

Ultegra134

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Quote from: Fivestar4everMVP on September 08, 2023, 10:10:55 AM

Well, if you are not ready to start taking risk in buying some bunch of shitcoins to stake for daily, weekly , or monthly APYs , then, trading remains your best choice.
I will only advice you try and educate your self more on trading, buy courses that could teach you how to read charts, make a perfect market analysis, know the right sources to depend on for breaking news relating to the market..

And also, you could diversify your trading into forex and crypto, and very importantly again is to have a good trading tools.

Though I myself don't trade all the time, but I have friends who are professional traders, by professional traders, I mean they do nothing else aside from trading, some are with family, and they are making enough money to Carter for themselves and their family, living very comfortably.
This is why I believe you can still make a good living from trading if you are doing every thing right ..

But then, if you are still interested in other means of earning, which is not bad any way..
You can look into ..
- Staking - don't stake on centralized exchanges.
- Liquidity provision on dexs like uniswap, pancakeswap and so on, but be very careful here as well to only put your money in legitimate shitcoins only .

The truth is that hyped shitcoins yield great results if you're lucky enough. They're providing far greater APYs' than the alleged safer coins. The issue with those is that you can suddenly be found without money because they're well-known for being extremely volatile. Personally, I don't know if I'd take such a risk. You could try with smaller amounts, perhaps, but don't expect huge returns from $100. Cyber and SEI, for instance, two newly created coins, were quite decent opportunities.

I'd also advise you to stay away from centralized exchanges for staking purposes, not only due to security and privacy reasons but also because they offer lower APYs'.

Fivestar4everMVP

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Well, if you are not ready to start taking risk in buying some bunch of shitcoins to stake for daily, weekly , or monthly APYs , then, trading remains your best choice.
I will only advice you try and educate your self more on trading, buy courses that could teach you how to read charts, make a perfect market analysis, know the right sources to depend on for breaking news relating to the market..

And also, you could diversify your trading into forex and crypto, and very importantly again is to have a good trading tools.

Though I myself don't trade all the time, but I have friends who are professional traders, by professional traders, I mean they do nothing else aside from trading, some are with family, and they are making enough money to Carter for themselves and their family, living very comfortably.
This is why I believe you can still make a good living from trading if you are doing every thing right ..

But then, if you are still interested in other means of earning, which is not bad any way..
You can look into ..
- Staking - don't stake on centralized exchanges.
- Liquidity provision on dexs like uniswap, pancakeswap and so on, but be very careful here as well to only put your money in legitimate shitcoins only .

Eureka_07

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Quote from: Iamcrypticguy on September 06, 2023, 08:57:04 AM

Staking is definitely less risky than yielding DeFi tokens, so I believe staking is one of the better choices if you're looking for a safer investment option.

By the way, are you specifically seeking for something to invest in? You could also consider offering your services or taking on extra jobs to increase your funds while waiting for a bullish market.

Don Pedro Dinero

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Quote from: Iamcrypticguy on September 06, 2023, 08:57:04 AM

<...> so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.

The best options for finding passive income with low risk are outside the realm of cryptocurrencies. As cabron says:

Quote from: cabron on September 06, 2023, 01:06:55 PM

There are passive income opportunities in crypto, it is not however low risk.

If you want to receive a low-risk income you can buy treasury bills or government bonds from reliable countries, which will give you an interest, which we can consider passive income, but which does not actually beat inflation, so you are actually losing money.

If you want to beat inflation, the investment is going to have more risk, and the higher the potential return, the higher the risk.

You have been given some advice in the thread. What I would recommend is to buy bitcoin now and start selling partially when the price breaks the ATH of $69K and when it breaks $100K or close to it. You can make a 3 or 4X in a short time, which is not exactly passive income, which is usually understood as receiving a periodic income, monthly for example, but it is quite passive and a fairly safe bet.

Although I recommend that you never sell all your bitcoin.

rozak

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Quote from: Iamcrypticguy on September 06, 2023, 08:57:04 AM

This is the longest bear market I've ever witnessed, and I've been in the crypto space for about 4 years now. I've blown my trading accounts many times and have taken numerous risk management courses in preparation for the bull market. I'm tired of waiting, and I don't have the mental fortitude to keep trading, haha. This brings me to why I'm writing this...

If you are tired of waiting then get out of investing. if you are not mentally strong enough to trade then never put your money in a trade.
no minimal risk. actually you already know what you have to do. simply buy Bitcoins and wait for the bullish season to arrive. all you need is patience. if you are impatient then put your money in the casino to double it or lose it.

TheSpiral

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You said that this is longest bear market so I want to tell you that before this there was one of the longest bear season in 2021 and 2022 which was longer than this and that time the price was much lower that if you think about past then you will be thankful to this worth of bitcoin.

People are rushes towards trading and investment but they are not interested in other thing so I think they just know about these two and are unaware that other beneficial task are also present in cryptocurrency world.

So I will suggest that keep your bitcoin hold but also engage yourself in bounties and signatures campaign because this little amount will give you courage to continue your investment.

AnonBitCoiner

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Quote from: Iamcrypticguy on September 06, 2023, 08:57:04 AM

I've been searching for an opportunity that will enable me to earn extra income to keep me afloat in anticipation of the bull run, but I've always hit a roadblock due to several reasons like low APYs, dicey processes, and high risk, etc. I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.

All safe coins offering low APYs and you should accept it if you want to stake securely but if you are looking for high return then you should mindset of high risk because those projects offering high apys didn't stay long often. staking is best option in bear market because every coins is down, when you stake, it will not only gives you passive income but also possibility of price increase. I will recommend to stake only thise coins which offering something for long term or coins used for gas fee like Eth, Atom and other Proof of stake coins. CRP. is also best option you could mine. The token price currently trading at 0.4$ and chances of reaching 1$ is high. you need utopia wallet to do this. I am not sharing because I wearing signature but infact the whole ecosystem is improving day by day so we can expect something great and also staking will give you good reward where risk is absolutely low

red4slash

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Quote from: GreatArkansas on September 07, 2023, 08:42:14 PM

Quote from: Iamcrypticguy on September 06, 2023, 08:57:04 AM

This is the longest bear market I've ever witnessed, and I've been in the crypto space for about 4 years now. I've blown my trading accounts many times and have taken numerous risk management courses in preparation for the bull market. I'm tired of waiting, and I don't have the mental fortitude to keep trading, haha. This brings me to why I'm writing this...
(....)

Well, for me, if you are a good trader, bear market condition is not an excuse, maybe you are just not trading fine, better to fix something from your trading.
Maybe you are just in a spot or always long position.

I understand your feeling, especially in a bull market where it's very easy to make money because who else not making money in a bull market? Cheesy

Where everything you buy just goes up. Good 'ol days.

OP is not very good at applying some of the basics, especially in implementing financial management, so he is experiencing difficulties like now. When it comes to this long-lasting bear market, I think there will be a lot of people who are also really hoping for a bull market to come in the not too distant future. But that's what happened, we have to wait longer to see something like that.
Here, our mentality will play an important role in determining our own future. And it seems like the OP didn't prepare enough, including looking for additional income that should have been done even before the undesirable thing happened.

Things like this must be prepared from the start, lest we confuse ourselves later. Or if we really can't take it anymore, then the best step is to stop trading for a while.

taufik123

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Quote from: GreatArkansas on September 07, 2023, 08:42:14 PM

Well, for me, if you are a good trader, bear market condition is not an excuse, maybe you are just not trading fine, better to fix something from your trading.
Maybe you are just in a spot or always long position.
-snip-

This being the case, bearish market conditions should be capitalized on by good traders with a broad understanding of trading.
Bearish or bullish both can be a place to profit, by trading Futures, always provide profits when rising or falling.

Just need to see how good the understanding of technical and fundamental analysis trading science is.
But if it does not take advantage of the moment of price fluctuations, then it needs to be questioned, of course, it does not have a good understanding of trading.

tjtonmoy

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Quote from: Lanatsa on September 07, 2023, 03:37:11 PM

`Snip

This is what most people don't understand and keep sticking to staking. And people will still do it until they face the consequences. I am a victim myself. I staked up to $360 once on a platform. That got hacked! And I was left with only $18 in the end. It was locked so I was unable to move my funds or sell it. That's one case.

The 2nd time that happened to me was a price drop. In the last bull market, I staked some tokens and it was also locked staking. I bought it for around $16 per token with $550 and the bear market started. It dropped slowly from $12 to $8 and then to $5 and the last price was $1.3. I could have sold around $12 or $8 and then buy again at $5 and the bottom at $1.3. But I was unable to do it. Why? Because the shit was locked. Guess the price now? $2.5 or something per token.

This is the scenario with passive income from staking. Keep your funds to yourself and search for opportunities. Not your key, not your coin guys. Get it straight.

TheUltraElite

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So anyway, I applied as a merit source :)

I agree that the bear market has been long and that it has taken its toll on traders. More so if the traders had bills and loans to pay off and they have exited the market even if at a loss if necessary.

Remember that the earning from the market is a long term game which is not compatible with the staking one yeild farming or other stuff gets popularized on the market.

At this point I feel that getting the full potential of the all time high markets is essential in trading that is what people should strive for.

libert19

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I'll quote my yesterday's response given to similar question.

Quote from: libert19 on September 07, 2023, 10:37:17 AM

I get 8-9% apr on Hive blockchain (https://hive.blog is main frontend), your funds remain in your custody all the time. You can use services like dlease.io to lease your hive. Can undelegate anytime and receive back your hive, it will take 5 days for your undelegation to complete.

Hive was born of Steem because community didn't like Justin's takeover over Steemit. Hive is active community full of developers and bloggers. Multiple ways to earn, hundreds of dapps, feeless blockchain. I consider it much better than DeFi because what many of them are trying to achieve there, already happens here.

GreatArkansas

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Quote from: Iamcrypticguy on September 06, 2023, 08:57:04 AM

This is the longest bear market I've ever witnessed, and I've been in the crypto space for about 4 years now. I've blown my trading accounts many times and have taken numerous risk management courses in preparation for the bull market. I'm tired of waiting, and I don't have the mental fortitude to keep trading, haha. This brings me to why I'm writing this...
(....)

Well, for me, if you are a good trader, bear market condition is not an excuse, maybe you are just not trading fine, better to fix something from your trading.
Maybe you are just in a spot or always long position.

I understand your feeling, especially in a bull market where it's very easy to make money because who else not making money in a bull market? Cheesy

Where everything you buy just goes up. Good 'ol days.

irhact

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Quote from: Iamcrypticguy on September 06, 2023, 08:57:04 AM

I've been searching for an opportunity that will enable me to earn extra income to keep me afloat in anticipation of the bull run, but I've always hit a roadblock due to several reasons like low APYs, dicey processes, and high risk, etc. I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.

This is how the bear market has always been, during the bear market the best thing you can do is to be preparing yourself for the bull market and the best way to do that is to be buying Bitcoin through DCA. Since you don't want to trade, have you thought about staking as that's the only way of receiving passive income from cryptocurency that have been used by many individual and they have testify of it been profitable to some extent but it's very risky.

To get full benefits of staking, you have to buy altcoins as it's only altcoins that you can stake directly from your wallet as bitcoin doesn't have staking ability and by buying altcoins you put yourself at risk of losing all your investment therefore it's left for you to decide.

RockBell

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Quote from: Iamcrypticguy on September 06, 2023, 08:57:04 AM

I've been searching for an opportunity that will enable me to earn extra income to keep me afloat in anticipation of the bull run, but I've always hit a roadblock due to several reasons like low APYs, dicey processes, and high risk, etc. I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.

It's surprising that you have been in the crypto space for 4 years and are just joining the forum recently. We are currently in a bear market, and it started last year. Most traders are finding it difficult to make money, and I am sure you are also one of those traders. If you really want to stop stressing yourself out, then invest in bitcoin, because in the process of looking for wherever you will be making extra income, you might end up losing the amount you have left with you. What I will tell you is that just get a physical job and be doing, am sure you will be able to make money for survival from there, and the amount that you have left, just invest that amount in bitcoin and keep on holding it.

Sanitough

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It’s rare to see a passive income from a low-risk job. However, I think with staking, probably you will make decent profits and earn rewards with this kind of low risk endeavor. But never expect that this can be reliable and sustainable in the long run. Know that the value of these rewards don’t have guarantees to keep surging in the future, as they may rise or drop in the future.

usekevin

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It’s true with my knowledge,because their will periodic ups and down in the market.But now the market is bear for longer below the 30k mark,this may be due to less demand for now due to the less fluctuations in the price.Secondly the traders now long holding for the next halves in 2024,So nearly huge amount of bitcoin was stacked in the wallet.My request to you is to wait till next year,as we know the next halves going to occur in 2024.No need to trade your holdings,just hold till the next halves is enough to get good profit from bitcoin.

Johnyz

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Quote from: Iamcrypticguy on September 06, 2023, 08:57:04 AM

This is the longest bear market I've ever witnessed, and I've been in the crypto space for about 4 years now. I've blown my trading accounts many times and have taken numerous risk management courses in preparation for the bull market. I'm tired of waiting, and I don't have the mental fortitude to keep trading, haha. This brings me to why I'm writing this...

Trading is also a waiting game, and if you think trading is not working well with you just try to hold instead of being active. Yes, this is the longest bear trend ever and your patience will be tested here and if you already know the market in the past 4 years you should have more confidence in the market and be more optimistic. Well, if you’re decided already I think bonds are more suitable for you as your profit is guaranteed and protected.

palle11

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Quote from: jeraldskie11 on September 06, 2023, 09:47:03 AM

If you want passive income, I recommend staking your funds. I believe now is a fantastic moment to stake because cryptocurrency prices are too low. Staking is superior to investing since you can earn more tokens while keeping your assets. If you acquire Bitcoin or altcoins today, you can profit more when the price rises. In my perspective, we are already in a bull market. However, because we are in the retracement phase, it is not too late to buy; we only need to figure out what the potential swing point is before the price continues to rise.

This is a good idea for OP if he is actually looking to go slow with the passive income because staking of coin is not a get rich quick program like Ponzi where you expect to cash out with 300% margin with days. OP looks to be in a haste to start earning from passive income, again it is passive and not main income so you have to be easy with it because when you stake your coin it means you have locked it up for a certain time until the time is complete, that is like keeping your fiat with a bank on a fixed duration.

lalabotax

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Quote from: Iamcrypticguy on September 06, 2023, 08:57:04 AM

This is the longest bear market I've ever witnessed, and I've been in the crypto space for about 4 years now.

You are in your first bearish phase, so it's normal to feel this way. This will be a very valuable experience later because no matter what, the bearish market will happen again, it will happen again, because this is a cycle that always goes through. Whether it's 4 or 5 years, wait until it happens again. And that's why everyone definitely has some backup plans that must be carried out during the bearish phase. There are those who focus on accumulating certain coins with DCA, and there are also those who do short term or day trades to get daily profits. Of course, each has its own risks. Nothing is zero risk.

Quote from: Iamcrypticguy on September 06, 2023, 08:57:04 AM

..I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.

At least this is the right step, namely by considering financial conditions so that it requires good and wise financial management. Indeed, when we are not ready for high risks, it would be better to avoid them, even though it might result in a high turn. If you want to get profits at least for the daily or short term, it seems that saving or staking is also not worth it. Passive income in crypto for short terms. It's a little hard to find.. Most often, it's just short term trading for coins too, open hype coins that are booming, so the risk isn't too big either. Because if you hype a coin, it's the same as taking a high risk.

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