Ways to make passive income in crypto with altcoins - page 3.

Shasha80

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Quote from: ?? on ??

The best method is staking, you can research the best altcoins for staking. Btw, there are trading bots that can give you a daily percentage return based on your trading capital. Trading on a daily basis can be dangerous, better go for long term investing.

The safest way to get passive income is staking, but it must be noted that not all altcoins are good for staking. Try doing some research first to
find out which altcoins are profitable for staking, then another thing to consider might be choosing a trusted staking place. Because there have been
several incidents of investors becoming victims of fraud, don't easily trust platforms that offer big profits, but don't have a good reputation.
Regarding trading bots, I don't recommend using them, especially for newbies. Because trading bots do not really automatically provide passive income.
We still need to make settings for the trading bots used, wrong settings can result in us experiencing losses.

boled

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Trading is my main option, so far trading is the most profitable for me. Most of it I get from the long term, while scalping is only part of the activity to fill my spare time. If you ask why, because every year the crypto assets that I buy regularly every 2 weeks since 2015 have always experienced an extraordinary increase, you can see for yourself how the prices of Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Stellar (STR/XLM), Ethereum (ETH), Wave, Doge, Dash, and many more, moving from year to year, even Doge which I thought would be destroyed because the developer left the project and got into trouble with the law, turned out to be very unreasonable, and came just in time.

CaVO32

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Quote from: Anonymous100 on September 01, 2021, 05:28:10 PM

Quote from: reality18 on August 31, 2021, 04:29:49 AM

After performing an extensive “DYOR” on cryptocurrencies, it turns out that there are different avenues to make profit or gains within the crypto space. Based on your expertise, which avenues works the most gains for you and why?

Staking is my favorite method, as it is doubly profitable compared to the others. The number of coins will increase all the time, and the price of coins will of course continue to increase in the future.

Remember, not all staking coins have the chance to continuously increase. Most of them are actually declining in value as they have only good price at the beginning of their trading life. But I did earn some owed to staking coins. But you need to really keep up with them, or else, their value will go down the drain without you knowing. Follow the social media of the team behind it so you have idea what is going on with their developments.

Anonymous100

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Quote from: reality18 on August 31, 2021, 04:29:49 AM

After performing an extensive “DYOR” on cryptocurrencies, it turns out that there are different avenues to make profit or gains within the crypto space. Based on your expertise, which avenues works the most gains for you and why?

Staking is my favorite method, as it is doubly profitable compared to the others. The number of coins will increase all the time, and the price of coins will of course continue to increase in the future.

LimettL

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Investing $Divi, is a good option, to generate passive income and obtain good returns even in downward trends, with its 5-level masternodes, its high ROR, and its weekly lotteries, Monthly contests, and its DiviWallet wallet that makes everything easier.

xPPx

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I feel that delegating is the best way. Noncustodial staking so you keep control of your coins 100% of the time.

I have created a Cardano pool last month. If any of you would like to delegate to a small pool operator, my Cardano Stake Pool has 126k delegated. I pledged 100k.

Pool: Prophet

Ticker: XPPX

Here’s a helpful guide, LiveView, and some stats:

https://youtu.be/zgbauu4ifWA

https://pool.vet/#Xppx

https://adapools.org/pool/5693aa7edfe81d12c9062bbe7b7c0b314b9665c6b3cd426152108347

If anyone would like some NFTs created by the Cardano SPO community, inbox me your address here, or on Twitter. All that I request is that you have delegated to me for a month. Below are a couple that I will be sending out. Also, these will all come with 2ADA. I dunno why. It’s just how it works since these were minted before Cardano smart contracts went live. Thanks in advance!

https://pool.pm/stake1uyy93axth2t74fjp2jucg9axxr9un9kzty986t8dsnwlhyg77l4rv

https://www.twitter.com/xPR0PH3Tx

[XPPX] 💚 Stake Increased

+105 ADA

🤵 Delegators: 20
🌲 Live Stake: 126.80k
🏋️‍♂️ Saturation: 0%

💁‍♀️ More info: ADApools.org/XPPX

MoneyJ

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GoMeat - Digitalizing Meat Stores - ICO

Staking both Ethereum and Cardano would be lucrative . Compound and Aave would be in good returns for liquidity mining and yield farming. They easier but riskier for the reason they are most susceptible to rugpull event. Masternodes were a thing in the past and costly to implement but still high in yield.

swogerino

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Yes in the crypto space there are a lot of opportunities but the ones I like most are two.One is investing in a small mining rig and mining different coins and holding them or trading them whichever you can do better and the second one is to work for them,the cryptocurrencies.These options are the most common sense to me but I know there are others too.

Bonenx14

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Quote from: reality18 on August 31, 2021, 04:29:49 AM

After performing an extensive “DYOR” on cryptocurrencies, it turns out that there are different avenues to make profit or gains within the crypto space. Based on your expertise, which avenues works the most gains for you and why?

In the cryptocurrency space, I often take three paths to make a profit, first is daily trading, second is staking on major exchanges, and the third is participating in bounty campaigns, because I think these three things are very safe and also make me comfortable living them every day.

justdimin

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www.Crypto.Games: Multiple coins, multiple games

Quote from: ?? on ??

Staking or farming with the stable coin is totally risk-free. Your rewards will be less but you can earn risk-free from the market fluctuation. But you are asking for the best gains so you also have the mindset to take losses also. In my opinion, holding a potentially good project could give you maximum gain. For example, if you invest 1000$ in eth 5 years ago and hold that eth till today then you could have $310k worth of eth today.

It is not "risk-free" if you picked a horrible coin, because that coin could basically go to zero and you would be staking a coin that is worth absolutely nothing at all and that is what the problem is in the staking world, you could make 1000% return in a day but as long as it goes to zero then you will not be making any profit at all.

It is however a great way to make money if you pick a good coin, that is why it is a very important aspect of staking or yield farming, if you get to pick something that is as good as it gets then you will end up with a big profit without a fail. I picked staking as well from the options because it is definitely a great way to make money in the crypto world if you could pick something good. Like Cake for example is amazing, now ETH has that chance too if you have some money and can get that much ethereum to stake.

RussianEnglishTranslation

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Some of these can be mixed, like staking and yield farming. You can stake ETH for stETH and use it in DeFi and earn staking rewards at the same time, the same is true with sCelo and stNEAR.

jrrsparkles

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Trading doesn't comes under the passive income method because we are doing some work to earn money from it. Staking seems the safest when it cimes to the risk factor but the returns are very low as well meanwhile when we are staking the prices of altcoins may fall down drastically in either ways so trading is more profitable in my opinion.

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

Trading will be my choice to make money, but I do not call it passive income because I still analyze to find the right coin and sometimes that is hard to get as the market fluctuates every day. Trading can work for the short and long term because having so many potential altcoins can give me more chances to make a profit. But that will need better skills to get the right coins and this year can be a good way for us to get many good coins to trade and make a profit.

lizarder

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Quote from: reality18 on August 31, 2021, 04:29:49 AM

After performing an extensive “DYOR” on cryptocurrencies, it turns out that there are different avenues to make profit or gains within the crypto space. Based on your expertise, which avenues works the most gains for you and why?

That's right, the crypto space provides many opportunities to make maximum money, even though we don't use money media to do it or spend our own capital, for example we play bounty, we use the results of the bounty income to trade or other purchases.

There are many other patterns if we want to use, but this is the desire and willingness to learn to find out, in accordance with the times that are increasingly advanced and developing at this time.

Ararbermas

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For me trading probably, i mean whatever it is "short term or long term" depends on the situation, but yeah so far there's no problem with it.. It only requires more patience and more knowledge as well. wherein if you don't have such much better to hold to prevent risky situation, but make sure you're at the coin/project that can really survive and can truly succeed despite of the situation of the market because if not then all your efforts will be useless..

andriarto

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Quote from: cabron on August 31, 2021, 07:29:48 PM

Staking on exchanges that share profit when you hold their native token is pretty much giving a passive income for investors. All investment however needs huge money to generate enough. I have tried making with it little that I have, little by little I guess I might be able to make it.

There are also casino tokens which I will also provide a passive income. Both will need a big investment for anyone to receive high rewards.

Staking is a great way to generate passive income, with us being silent, the rewards of our staking continue to flow. but indeed we have to look for safe coins for the long term, so that what we are waiting for has the expected profit. even though it feels comfortable, staking carries risks too, because not every time the market will go up

john_nautica

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Of course it's staking, you don't have to do anything you just stake it and wait for it to harvest unlike trading there's a chance that you would lose trade. In masternode you need to pay for a fee or to have a huge amount of asset in order to run your own node while in yield farming it's one of the riskiest place to invest your money. So the best option is staking but that doesn't mean that you're going to have a profit since you need to consider the volatility of the price of the coin you are holding.

cabron

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Staking on exchanges that share profit when you hold their native token is pretty much giving a passive income for investors. All investment however needs huge money to generate enough. I have tried making with it little that I have, little by little I guess I might be able to make it.

There are also casino tokens which I will also provide a passive income. Both will need a big investment for anyone to receive high rewards.

Maslate

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Quote from: reality18 on August 31, 2021, 04:29:49 AM

After performing an extensive “DYOR” on cryptocurrencies, it turns out that there are different avenues to make profit or gains within the crypto space. Based on your expertise, which avenues works the most gains for you and why?

What are those avenues you've found? I/We'd like to know that as well for I don't have much time to dig in a flooded market with useless projects. Because for me, I only look for the known altcoins in the market and make some money but never do I think this was enough to consider as a passive income. In this kind of market, that seems so hard to find it in crypto. I suggest not to rely on crypto investment alone but rather to find another source of income for more assurance.

sheenshane

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In all choices that OP mentioned above, I preferred investing in NFT coin and playing as well. It's very common and very trending all NFT PTE games and I think this has the potential to make a massive profit when they will boom in the market. Just grab and invest their token while they are on upcoming hype, just like Axie Infinity, if I know that investing in SLP is a good profit before, I invested more than I can afford, and probably it worth trying in upcoming NFT games project and test while they are on a beta stage.

Another is trading, either scalping, spot, or daily trading will boost your profit in just a matter of a short time but this all depends on your ability how to make money in trading, if your skills and knowledge on it are enough, you're good to go and make a profit.

Topic: Ways to make passive income in crypto with altcoins - page 3. (Read 598 times)