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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: MadGamer on April 19, 2021, 05:02:39 PM



Title: Passive income
Post by: MadGamer on April 19, 2021, 05:02:39 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.


Title: Re: Passive income
Post by: In the silence on April 19, 2021, 05:11:45 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
Thats a great choice, I can suggest that you must read BNB, Binance and BSC. So that you will know how important BNB in their BSC ecosystem. Cake is good, it was created under Binance.

BNB has staking and vaults that has the very decent apy offer out there.

I hope I help you even little.🙂


Title: Re: Passive income
Post by: Refrumatrix on April 19, 2021, 05:19:37 PM
Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?


Title: Re: Passive income
Post by: JooBra on April 19, 2021, 08:17:25 PM
Binance offers a lot of passive income ways. I'm testing some of them at the moment. Will see what happens pretty soon. Maybe look yourself from one of those options.


Title: Re: Passive income
Post by: blockman on April 19, 2021, 08:24:40 PM
Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?
This should be read by most of the people that are thinking of staking into exchanges, decentralized and centralized. You have to think of it first if you really want to stake or else you're putting yourself at risk even if that's a reputable exchange.
There are options that you can safely stake on the wallets that you really own because they're giving you your private keys like the hardware wallets and/or trust wallet.


Title: Re: Passive income
Post by: MrcMrc on April 19, 2021, 08:38:33 PM
I don’t believe the word passive income in cryptocurrency, as the entire processes in the cryptocurrency have no guaranteed steady profits making method, it’s base on speculation, risk, and high volatility.

I could have suggested staking, trading or mining crypto, but they all come with their unique risk and peculiarities.


Title: Re: Passive income
Post by: Cappex on April 19, 2021, 08:38:42 PM
I think there are many opportunities in the various liquidity providers so as to keep control of your coins, there are services that pay you in USDT but are centralized.
I think buying Bitcoin is still a great way to see your investment grow.


Title: Re: Passive income
Post by: kevindjunaidi on April 19, 2021, 09:22:51 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

you can choose BNB and staking BNB on ​​binance, because the price of BNB will always increase, so in my opinion BNB is a coin that is worth it to get passive income from staking, because you will get two benefit from hold BNB, that is :
1. you can get passive income from staking BNB on binance
2. the price of BNB will definitely increase very high in the long term and it will give you a big profit.


Title: Re: Passive income
Post by: makishart on April 19, 2021, 09:34:53 PM
Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?
Didn't you know the main rules in the staking? the more people join in the pool and you will get less from what you have been getting it first.
More people join in the staking progress and the more difficult to get profit from your staking. that's why so many people have been moving to get in the platform that was using very good APY like cake.
I think that it's better for OP to join in the cake staking pool program that was offering nearly 100% APY.
8% for monthly income is good enough.


Title: Re: Passive income
Post by: Amejoaquim on April 19, 2021, 09:47:38 PM
I just have 2 passive income from crypto.

1 i got from my vga which is mining.

2 i got it from ARPA and ROSE, just staking in binance. BTW for this staking i choose to take 6 months method.


Title: Re: Passive income
Post by: X-ray on April 19, 2021, 11:04:33 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
farm https://pancakeswap.finance/farms

You will be wasting your time by staking cake. You need to find a good source to get decent interest from your money. As far as i know farm is the best way to earn more passive income with very good yield.
If you are only staking your coin and you will get very small interest.


Title: Re: Passive income
Post by: ingiltere on April 19, 2021, 11:07:53 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking CAKE is a good idea for you. I used Pancakeswap too many times in the past, never had a problem. APY's are really great. If you only want to hold CAKE and do staking you can also use Pancakebunny. It has greater APY and auto compounding feature. You get %30 of CAKE back and %70 BUNNY which has a great potential. You can check out the site here: https://pancakebunny.finance/farm It has audit record, looks legit.


Title: Re: Passive income
Post by: Cherylstar86 on April 19, 2021, 11:15:16 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

That huge amount to invest with, and if you're going to see some assurance from different coins that raged for such a long time don't fall on hype. Always choose the good potential that took over for years, because we might not get the chance to acquire x10 profit. Mostly, a trader sold their holdings because of panic and worries, that's why we must learn according coinmarketcap status.


Title: Re: Passive income
Post by: xtnmclain on April 21, 2021, 04:27:51 PM
There are a lot of ways you can earn in cryptocurrency.

Here are the two examples of the most commonly used method

1.) Staking - Staking coins is a way to gain consistent returns on your cryptocurrency portfolio if you want to earn 1% a day. The standard holding period for staking is one to six months, but various fixed periods are available.
2.) Mining - You can profit from cryptocurrency without having to invest any capital. Bitcoin miners are rewarded with Bitcoin when they complete "blocks" of validated transactions added to the blockchain.



Title: Re: Passive income
Post by: Altcoinsintel on April 21, 2021, 04:31:40 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

What do you think you can accomplish? You don't seem to have planned this very well and this is what these scams want from you. What is your expected profit? You really think that these shitcoins will hold their current price and the market will not just die after two months? I can't write this differently, I'm sorry, but all of this, all of what you see today won't last more than two three months.


Title: Re: Passive income
Post by: sujonali1819 on April 21, 2021, 04:47:14 PM
To get passive income staking is the best way for it imo. And binance has a big list of currency which you can stake there and can earn a Good interest. In this case always choose the currencies which is most potential. If you choose some coins which is giving more interest but not potential, in this case you may lost more than the interest you will earn.

Another one thing can give you passive income that is invest in casino bankroll. You can search some casino(old and trusted) has investment feature. You can try it also.


Mining is also good one but I don't know more about it. Probably others can give a proper idea about mining. Good luck


Title: Re: Passive income
Post by: rahmatullah9305 on April 21, 2021, 05:16:39 PM
Binance offers a lot of passive income ways. I'm testing some of them at the moment. Will see what happens pretty soon. Maybe look yourself from one of those options.
Yes, on the Binance exchange, there are many ways that can be used to earn income, both passively and actively, because the features and support of the Binance exchange are so great that everyone can choose what they want.


Title: Re: Passive income
Post by: JooBra on April 21, 2021, 05:17:58 PM
To get passive income staking is the best way for it imo. And binance has a big list of currency which you can stake there and can earn a Good interest. In this case always choose the currencies which is most potential. If you choose some coins which is giving more interest but not potential, in this case you may lost more than the interest you will earn.

Another one thing can give you passive income that is invest in casino bankroll. You can search some casino(old and trusted) has investment feature. You can try it also.


Mining is also good one but I don't more about it. Probably others can give a proper idea about mining. Good luck
Reading all the replies Helium came to my mind. I was reading about it but never tried it. Does someone have experience with it since it's like a sort of mining.


Title: Re: Passive income
Post by: uneng on April 21, 2021, 05:26:01 PM
To earn passive income from most altcoins it is too risky, although the annual interest paid percentage is high and flashy for investors with low budgets. I think the best way is to stick with strong currencies like stable coins, btc, eth, bsc. The average interest rate is 4% yearly, very low for many people, but at least you are earning it in a valuable currency on long run.
This way you can grow your money in a solid way without risking too much. But that is just my personal opinion. Each investor has their own profile and must invest accordingly to it.


Title: Re: Passive income
Post by: ardentvolcanoes on April 21, 2021, 05:39:05 PM
I just have 2 passive income from crypto.

1 i got from my vga which is mining.

2 i got it from ARPA and ROSE, just staking in binance. BTW for this staking i choose to take 6 months method.
It's amazing, but I prefer point number one because the VGA is what works for us where we can always reap the results, for the second point I don't like it because the 6 month method in my opinion is a little long to wait.

Option 2 is long for sure but if the project performed well then the success is really decent, finding the coin / asset for that 6 months investment might be the challenging part since there are always two possibilities.
Make a mistake then your investment will lose or make a good call and gained huge amount of profits,, everything will relies from how you conceptualized your success whichever way you decide to place your investment.


Title: Re: Passive income
Post by: MFahad on April 21, 2021, 05:41:31 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

You have many options to earn money if you have 5000$. If you do not want to do active trading, then the best thing is to involve in staking of coins either at the pancakeswap or at binance. Staking in crypto gives far more better returns as compare to the interest you receive if you keep the fiat money in the bank.


Title: Re: Passive income
Post by: ZaraCB on April 21, 2021, 06:15:54 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
There are some ways to earn passive income such as
1. Mining
2. Trading
3. Staking
4. By selling your services.

You have $5000 and you have decided to stake your asset. Staking is a hassle-free method. But the problem is that you will have asset lock for a long time and the profit is less. In the current green market, I think it will be more profitable to trade. This will allow you to make more profit in less time.


Title: Re: Passive income
Post by: lalabotax on May 29, 2021, 10:30:23 PM
I don't know whether staking will be really worthy or not because it may require some term.s I personally will prefer to hold some certain coins in order to get higher portfolio assets. However, is that Cake staking very worthy and give enough profits?
I know that the best passive income is by having the real business in the world and we are only waiting for the income without any working anymore. But if in crypto, it may be about staking and saving solutions.


Title: Re: Passive income
Post by: tsaroz on May 29, 2021, 10:34:02 PM
Pancakeswap do provides one of the highest staking rewards and farm pool rewards on the market. Don't know how it does but it do. The rewards from liquidity pools from different exchanges as well as the lending percentage of USDT is down as the market is getting bearish. Regular stable coin interest paying services like youhodler and nexo are too one of the better options for stable coin staking.


Title: Re: Passive income
Post by: GreatArkansas on May 29, 2021, 10:35:25 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
Yes, you should consider farming can lead you to losses because of its impermanent losses when you are farming or adding a pool in liquidity.
There are lot of farmers that don't know about impermanent losses and being lured with high APR/APY.
My best advice now is lending, although very low APY/APR, but the interest is being paid for what you deposited, like on Aave.


Title: Re: Passive income
Post by: sapnu on May 29, 2021, 10:37:43 PM
Staking can probably be an effective way to earn passive income from a certain coin but it would require a lot of time and proper timing before you csn enjoy the ease of having a passive income. There might be a lot of good coins in the market but there are only few that is effective for staking. If ever you do not want to feel the urge of wanting more profit from a holding, staking is not advisable. Long term holding would be the better way for you to gain massive profit from a certain coin.


Title: Re: Passive income
Post by: tippytoes on May 29, 2021, 10:44:16 PM
Staking can probably be an effective way to earn passive income from a certain coin but it would require a lot of time and proper timing before you csn enjoy the ease of having a passive income. There might be a lot of good coins in the market but there are only few that is effective for staking. If ever you do not want to feel the urge of wanting more profit from a holding, staking is not advisable. Long term holding would be the better way for you to gain massive profit from a certain coin.

If you are advising to use the long-term holding option, then, why not while holding, stake your coins? At least, while waiting for the right time to sell, you are still earning from your coins. Also, stake it in a reputable platform like Binance. Because at least your funds are secure with their insurance in that platform. Or if you don't want to stake, you can also opt for flexible savings in binance, so you can redeem it anytime you want. Because with locked staking under binance, you will choose what terms you want - 15/30/60 days of holding.


Title: Re: Passive income
Post by: flagpara on May 29, 2021, 10:46:46 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
If you are giving your time on passive income, maybe you will find a way. 5000 USD isn't a low value to make a good investment. Your investment profit will be more than your staking rewards. The CMC and Bitcoin market are getting stronger at a dip price. This isn't a bear market to focus on a staking program, even the bear market won't come in a few days.


Title: Re: Passive income
Post by: zasad@ on May 29, 2021, 10:48:32 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
Read my article
How not to lose money on farming?
https://bitcointalk.org/index.php?topic=5276515
Don't invest in a scam. Better to invest in a stablecoin / stablecoin uniswap pool. Approximate profit is 8-15% per annum.
But this is better than losing all the money.


Title: Re: Passive income
Post by: Saisher on May 29, 2021, 10:49:16 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

You can make a passive income by just holding a good coin alone, adding liquidity is also a good way to make the passive income I've seen many people doing it, it's safer because it's a smart contract-based just pick the right DEX to add liquidity, also have you tried Idena it's mining where you can make a passive income by just mining it.
Just don't engage in investing in new coins that promise you that it is the next big thing, I have a lot of bad experiences on these projects.


Title: Re: Passive income
Post by: Boomber on May 29, 2021, 11:09:54 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

In my opinion there are currently no other profitable methods besides staking, so staking is the right choice to earn passive income, because you don't lose your CAKE and instead your CAKE will continue to increase as long as you do staking, especially with $ 5000, then of course pasive income that you earn can be very big.


Title: Re: Passive income
Post by: wayaneka on May 30, 2021, 03:46:00 AM
Staking is great way to earn passive income, but there are also the risk. The risk is the high fluctuacion of the tokens, the high fluctuations cannot compensate with the rewards of staking. I think to earn stable passive income continously , better to stake stable coin like USDC, BUSD or USDT. Staking on the decentralized platform is more secure because we have the private key, so we have full control with our fund.


Title: Re: Passive income
Post by: Ararbermas on May 30, 2021, 04:18:06 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
that's a good idea mate especially on this situation wherein some of the common way to get passive income seems very skeptical to do right now.. And yes there's a BNB as well if you're still looking for staking, i highly recommend this one as its keeps increasing the price and has big potential to increase more in the future than other projects that staking. Indeed this is so popular so there's a possibility you can obtain good passive income afterwards.


Title: Re: Passive income
Post by: LeastComicStanding on May 30, 2021, 06:57:42 AM
There are also opportunities in crypto games. Some of them like RPlanet and Alien Worlds aren't very "fun" games, but you can buy items that can give you passive income with the games. "Land" is usually the biggest one, where you buy it and either stake it or people mine on it, and you earn.

For crypto games, the land sales can be risky and are usually much cheaper at game launch, but if the game does well, the prices skyrocket so you not only have a passive income but also hold a highly valued asset too. So it is wise to search out new crypto games and sign up for the initial NFT sales, be it land, items, characters, etc...



Title: Re: Passive income
Post by: Psynthax on May 30, 2021, 07:21:51 AM
Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?
True, I also have been seeing some option for my passive income and just imagine staking $50K only earns us less than $100 sounds kinda ridiculous, but the higher APR option usually have rather volatile investment form like telling us to stake in this certain form of cryptocurrency making it less interesting. but those kind of high volatility staking really profitable in the time of bullish but not bearish, i'm more interested in liquidity providing and the like to get a little bite of those airdrops from the platform, etc basically want to repeat the history of 1inch airdrop and uniswap but still wonder whether there's any such platform left.
Defi on the other hand is quite interesting but the problem is if there's any exploit in their smart contract then be ready to turn our precious money to dust. Kinda confused rn  ???.


Title: Re: Passive income
Post by: electronicash on May 30, 2021, 07:30:40 AM
There are also opportunities in crypto games. Some of them like RPlanet and Alien Worlds aren't very "fun" games, but you can buy items that can give you passive income with the games. "Land" is usually the biggest one, where you buy it and either stake it or people mine on it, and you earn.

For crypto games, the land sales can be risky and are usually much cheaper at game launch, but if the game does well, the prices skyrocket so you not only have a passive income but also hold a highly valued asset too. So it is wise to search out new crypto games and sign up for the initial NFT sales, be it land, items, characters, etc...

heard about it. Metaverse seem to the leader in this kind of projects.  i was also interested to play on mobile phones where a dapp provides steady income for the game that has its own token. still is a staking method actually. very famous game on EOS dapps actually but it will take time to learn the mechanics of the game.

if you have to stake you will need a huge capital for it like $30k to possibly earn more than $3 a day quite not worth it. casino tokens that distribute dividends every day is what you might be interested in.


Title: Re: Passive income
Post by: Scripture on May 30, 2021, 07:51:20 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
Staking is one of the best passive income right now but it will always depend on the tokens you are staking, there's an APY to know how much you can earn but don't expect that much if you are just going to stake small amount of money, its not that a real big deal in short period of time. You can check $BANANA, they also have a good offer on staking.


Title: Re: Passive income
Post by: KaliLinux on May 30, 2021, 08:34:03 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
Thats a great choice, I can suggest that you must read BNB, Binance and BSC. So that you will know how important BNB in their BSC ecosystem. Cake is good, it was created under Binance.

BNB has staking and vaults that has the very decent apy offer out there.

I hope I help you even little.🙂
Binance is a good option like you mentioned. I held my BNB in the vault for a couple of months in the past because I wanted to be able to move them any time I wanted if the need arises and even though not many earnings I was ok with it and it worked  out for me well.


Title: Re: Passive income
Post by: tvplus006 on May 30, 2021, 08:44:42 AM
There are also opportunities in crypto games. Some of them like RPlanet and Alien Worlds aren't very "fun" games, but you can buy items that can give you passive income with the games. "Land" is usually the biggest one, where you buy it and either stake it or people mine on it, and you earn.

For crypto games, the land sales can be risky and are usually much cheaper at game launch, but if the game does well, the prices skyrocket so you not only have a passive income but also hold a highly valued asset too. So it is wise to search out new crypto games and sign up for the initial NFT sales, be it land, items, characters, etc...

I don't have enough information about RPlanet, but I can say for sure about Alien Worlds that it's too late to invest in this game, because the prices have already reached their high. The 5 thousand dollars available to the OP will not be enough to buy the land, despite the fact that the price of the plot is now very much reduced there and will obviously continue to decline, because the game is no longer developing.


Title: Re: Passive income
Post by: ILuckyGuyI on May 30, 2021, 08:50:36 AM
You could stake BUSD or another cryptocurrency for example. I'm staking also some cryptos which I trust the most and have as big APY rate as possible. If you stake not much money, then you won't get good amount by staking. But it is better than just waiting of course.


Title: Re: Passive income
Post by: iamsheikhadil on May 30, 2021, 09:00:05 AM
I don't really know much about staking, but $5,000 capital is a good amount to start a irl passive income, if I were you, I would have bought a second-hand car (even a new car not so fancy is available at that price in my country), and then give it out for use for car renting and public transport to generate a good income for few years ;D $5,000 you can also use to just trade which can give you bigger profits.


Title: Re: Passive income
Post by: fvb on May 30, 2021, 09:23:45 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
I read all the posts and the topic is pretty interesting. This amount can be divided into several areas of investment. I mean not only cryptocurrency. And since you're thinking about investing, consider other avenues. I think you are a sociable person and you will find the right solution.


Title: Re: Passive income
Post by: int03h on May 30, 2021, 09:28:56 AM
Generate income, you can join DEFI, CEFI, Staking, Masternode on different platforms. It is important to choose a low-risk platform to invest in. Many people have become rich by participating in the above forms. Typically Cardano, TRON staking; join DEFI Thorchain...


Title: Re: Passive income
Post by: husnija on May 30, 2021, 09:32:42 AM
i'm still confused how long it will take to get that 5k result, maybe i would have learned it if didn't take too long
passive income can help or even be used as capital again to get more income


Title: Re: Passive income
Post by: trauchot on May 30, 2021, 09:34:23 AM
I think the best way to get passive income now is probably staking, so you can stake your investments on any cryptocurrency exchange and get a good income from it, but you need to find the best percentage and recently there are very low interest rates on the exchanges, but sometimes you can catch a very good percentage, so just go through all the exchanges and find the option you need, also new projects are constantly being released in which you can earn very good profit passively, but many of these projects are scam and you need to be very careful.


Title: Re: Passive income
Post by: Dread Pirate Roberts on May 30, 2021, 09:23:02 PM
Starting bussiness or services that accept crypto or selling digital product which you only need one time work and can forever sell it on internet . there is many creative thing to help community and benefit other people and you also can take some benefit too from it . web project . digital product . digital services. or if you really dont want doing anything there is some masternode and you can stake som coin with your own wallet.


Title: Re: Passive income
Post by: Flowzer on May 30, 2021, 10:06:34 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking is the safest and the best way to earn passive income in this crypto space. You participate to help the network while you earn some profit from it.
But the greatest point is it will resist you for being weak hand and sell your coins.


Title: Re: Passive income
Post by: john1010 on May 30, 2021, 10:09:55 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Thank goodness before the market crash, I converted my 20K usd to Pancake, but very sad that I bough CAKE at 32usd but no regrets about it, because I earn good profit daily even the cake price goes to 15$. For me the real passive is Cake compare to other swap platform.


Title: Re: Passive income
Post by: LeastComicStanding on May 30, 2021, 10:15:54 PM
There are also opportunities in crypto games. Some of them like RPlanet and Alien Worlds aren't very "fun" games, but you can buy items that can give you passive income with the games. "Land" is usually the biggest one, where you buy it and either stake it or people mine on it, and you earn.

For crypto games, the land sales can be risky and are usually much cheaper at game launch, but if the game does well, the prices skyrocket so you not only have a passive income but also hold a highly valued asset too. So it is wise to search out new crypto games and sign up for the initial NFT sales, be it land, items, characters, etc...

I don't have enough information about RPlanet, but I can say for sure about Alien Worlds that it's too late to invest in this game, because the prices have already reached their high. The 5 thousand dollars available to the OP will not be enough to buy the land, despite the fact that the price of the plot is now very much reduced there and will obviously continue to decline, because the game is no longer developing.

Alien Worlds is still developing - they are about to release the awaited "Thunderdome" events. It does progress slowly though because they are a small development team.
I must have glazed over the part about the $5k limit but you can easily use a very small portion of that to buy tools to mine with, and the game is not time-intensive, so it's partially passive. You only click 2 buttons every time the cooldown is reset. It creates an income, even if small at this time, that could be worth much more in the future, because even though TLM hit a high during the binance bridge announcement, it could easily go higher than that in the future.

But yes, most lands are more than $5k now, even though I have seen some go on sale for close to that recently.

As for RPlanet, you can buy a ton of stuff for $5k on AtomicHub and stake it all and earn very passively. Then you can watch the conversion rate on Alcor exchange and trade Aether for WAX and sell that on bigger exchanges.


Title: Re: Passive income
Post by: dexter141 on May 30, 2021, 10:47:24 PM
If you are afraid of the risks associated with trading bitcoins and other cryptocurrencies, it's time to try betting. There are many platforms at the moment, all you need to do is find the highest reward coins.


Title: Re: Passive income
Post by: Ziskinberg on May 30, 2021, 10:57:51 PM
If you are afraid of the risks associated with trading bitcoins and other cryptocurrencies, it's time to try betting. There are many platforms at the moment, all you need to do is find the highest reward coins.
Betting is riskier than trading, you can never expect good returns in gambling especially when you don't know about it, It is the same as trading but at least, you can strategize your trades unlike betting will you just depend on luck.

To be honest, it is really hard to think about passive income here in crypto especially when you just have limited knowledge about the market. But it you already have enough knowledge in crypto it could be better not to rely on this, much better to have another source of income outside crypto. To start a small business might be sustaining and could possibly become a passive source if it clicks.


Title: Re: Passive income
Post by: LeastComicStanding on May 31, 2021, 06:51:55 AM
If you are afraid of the risks associated with trading bitcoins and other cryptocurrencies, it's time to try betting. There are many platforms at the moment, all you need to do is find the highest reward coins.

I feel like this has to be a troll or a spam post. OP asked about passive income and you suggested betting? Please feel free to expound on how one can bet passively and get any kind of passive income unless they own the site (the house always wins).


Title: Re: Passive income
Post by: RussianEnglishTranslation on May 31, 2021, 12:14:27 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
You could buy $NEAR and stake or deposit FARM on harvest finance.


Title: Re: Passive income
Post by: 2tang on May 31, 2021, 12:25:18 PM
I feel like this has to be a troll or a spam post. OP asked about passive income and you suggested betting? Please feel free to expound on how one can bet passively and get any kind of passive income unless they own the site (the house always wins).
Passive income is income that always flows every day in a certain amount for an indefinite period, so obviously not for betting, but this is a kind of work that is mined every day through a strategy that is always implemented by everyone.


Title: Re: Passive income
Post by: RealMalatesta on May 31, 2021, 04:29:53 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Why are you so convincing by staking. Is not a large capital more profitable if you trade. I think you can make short-term trades if you have that much capital.
If you stake cake right now you can earn 130% yearly on auto re-staking with it. Which is awesome and I would definitely suggest that to everyone. However if you do short term trading you can both earn more or you could also lose a lot less as well which is risky. So the question here, can you make a good amount of profit from short term trading or will you fail? It all depends on the trading talent.

If you are not certain about trading and if you doubt your trading talents I would say buying cake with 5k and putting it on auto re-staking is a great way to make a profit. I personally do not feel like a good trader so I like staking. However if you trust yourself and can make that type of trading, there is certainly more money to be made on trading, it is riskier but it has more potential.


Title: Re: Passive income
Post by: Fredomago on May 31, 2021, 04:58:00 PM
Staking is the safest method at the moment, if you have some funds to throw for graphics cards it will work too. Just do your own research and find the ways that suit your daily lifestyle, otherwise, it doesn't worth your energy to earn passive income. Monthly passive income methods are better because of the no requirement to check anything every day and so on.

After doing all your research and you already chosen the right project, staking is one of the common place that you can earned passively.

There are many available assets to use your money, after all the amount that you mentioned are good enough to split your investment, instead of placing it all in with cake why not split it up and try other available project to invest.

Just do the most important thing before dealing with your investment, never to forget doing your DYOR, it saves you a lot not just the money
but most of your time that you'll going to use while investing to this business.


Title: Re: Passive income
Post by: Cappex on May 31, 2021, 09:21:33 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
personally i prefer staking or if i can start masternode, surely passive income will be the way to financial freedom and there are so many interesting projects.


Title: Re: Passive income
Post by: Flowzer on June 06, 2021, 11:33:01 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
personally i prefer staking or if i can start masternode, surely passive income will be the way to financial freedom and there are so many interesting projects.

You sure to start masternode? its really huge amount needed to do that also its a bit hard to do. I guess its not what OP want to do.


Title: Re: Passive income
Post by: Meta anggraini on June 06, 2021, 11:34:56 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

My suggestions is to try convert some your cake (5000$ is too much for a coin) to another coin and stake all of them, harvest the one that have a pump and convert it to another low coin.


Title: Re: Passive income
Post by: Kena Banned on June 06, 2021, 11:48:23 PM
Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?

Its a bit true but you can earn good amount of money when you lock your funds so the weak hands cannot sell any. You will have a diamond hand by system.


Title: Re: Passive income
Post by: manggis97 on June 07, 2021, 04:42:21 AM
By look in to charting of total volume of staking, this type of invesment is increase rapidly and more people interesting to join it. If we have plan to holding coins for ayears is better to stake it, so while holding, we can earn other passive income. To avoid risk of bear market, we should stake coins when we buy it in the beginning of bull market, just like now. Stake SOL coin is my suggestion because the fundamental of the project is very strong.


Title: Re: Passive income
Post by: asyakashi on June 07, 2021, 06:02:32 AM
Actually not only $CAKE there are many more long-term farming coins worth trying. but my advice is Sfund. You can farm sfund in tosdis. normally every month APY will range around 800% it's very large, And as suitable for now because the price is currently down. From the project $SFUND is very suitable for the long term.


Title: Re: Passive income
Post by: Fredomago on June 07, 2021, 07:31:23 PM
Staking is the best passive income but you need to have a big capital in order to get a big return, $5000 capital which is not bad. I already staked cake when the price was around $30 and now I'm losing money but still generating cake which is good. I think this is the right time to stake cake because the price is now cheap, you will gain much once the cake go double.. 

that's the risk but it's a good way about staking your money, buying while the value still cheap and keep earning your stake assets then wait for the value to rise back and earn more.

For practical investors they'll find this venue of investment as good source of passive income, you just need to have better knowledge for you

to take advantage of certain situation. Find the right staking coin and enjoy receiving your interest while waiting for more development coming from the team behind.


Title: Re: Passive income
Post by: xiboothrezi on June 07, 2021, 08:23:46 PM
What are some of the best ways to earn passive income right now?~
My friends often ask this question. I said: it depends on your ability and will.

Every living thing has a different way to adapt to the environment, it all depends on the ability of each. Monkeys are good at climbing trees to get food, while fish are not, would it be wise if monkeys told fish to climb trees?
Based on that analogy, we must be able to find out what potential we can have to maximize profit. If you are interested in staking, then study it in-depth, learn the technique, what is needed to maximize the opportunities, then with that you will get the best way.
The best way for everyone is different. For me, it's easier to trade, but that's not necessarily the case for other people.


Title: Re: Passive income
Post by: Hamphser on June 07, 2021, 08:33:01 PM
What are some of the best ways to earn passive income right now?~
My friends often ask this question. I said: it depends on your ability and will.

Every living thing has a different way to adapt to the environment, it all depends on the ability of each. Monkeys are good at climbing trees to get food, while fish are not, would it be wise if monkeys told fish to climb trees?
Based on that analogy, we must be able to find out what potential we can have to maximize profit. If you are interested in staking, then study it in-depth, learn the technique, what is needed to maximize the opportunities, then with that you will get the best way.
The best way for everyone is different. For me, it's easier to trade, but that's not necessarily the case for other people.
True, we do have our own capacities and capabilities on dealing up with things and you are right that it is just really depending on someone on how they would really utilize their skills and knowledge.

Not all would really be that same effective when someone do give out some hints and tips on how to make money.Its up to someone discovery if it does work or not.

When it comes to passive income then staking is considerable but basing up with ROI and risk factor then i dont really see the worth for someone
to put up funds on it but still its their choice.


Title: Re: Passive income
Post by: Tegxy on July 21, 2021, 01:27:23 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Okay. My recommendation for passive income is staking of $pCWS, Seascape Network token. Seascape Network has established several partnerships for this purpose one of which is its partnership with ApeSwap where an investor gets to earn a 172% APR on stake.


Title: Re: Passive income
Post by: Kez1817 on July 21, 2021, 01:52:07 PM
There are a lot of ways you can earn in cryptocurrency.

Here are the two examples of the most commonly used method

1.) Staking - Staking coins is a way to gain consistent returns on your cryptocurrency portfolio if you want to earn 1% a day. The standard holding period for staking is one to six months, but various fixed periods are available.
2.) Mining - You can profit from cryptocurrency without having to invest any capital. Bitcoin miners are rewarded with Bitcoin when they complete "blocks" of validated transactions added to the blockchain.



3. Trading - if you have enough knowledge and capital in trading, you can get a passive income from it. Just learn first before do trading to avoid huge losses if ever.


Title: Re: Passive income
Post by: Questat on July 21, 2021, 02:00:59 PM
There are a lot of ways you can earn in cryptocurrency.

Here are the two examples of the most commonly used method

1.) Staking - Staking coins is a way to gain consistent returns on your cryptocurrency portfolio if you want to earn 1% a day. The standard holding period for staking is one to six months, but various fixed periods are available.
2.) Mining - You can profit from cryptocurrency without having to invest any capital. Bitcoin miners are rewarded with Bitcoin when they complete "blocks" of validated transactions added to the blockchain.



3. Trading - if you have enough knowledge and capital in trading, you can get a passive income from it. Just learn first before do trading to avoid huge losses if ever.
It is risky and couldn't be considered as passive income IMO.
Honestly, we can't find passive income here in crypto. Yes, you can make huge money from here IF given a chance and so unfortunate that not all the time comes.

If are absolutely looking for a passive income, let's have to find a stable job rather than staying here. Maybe offering skilled service in the forum could help but not taking, mining, and trading.


Title: Re: Passive income
Post by: Kimonoe on July 21, 2021, 02:07:00 PM
What are some of the best ways to earn passive income right now?~
My friends often ask this question. I said: it depends on your ability and will.

Every living thing has a different way to adapt to the environment, it all depends on the ability of each. Monkeys are good at climbing trees to get food, while fish are not, would it be wise if monkeys told fish to climb trees?
Based on that analogy, we must be able to find out what potential we can have to maximize profit. If you are interested in staking, then study it in-depth, learn the technique, what is needed to maximize the opportunities, then with that you will get the best way.
The best way for everyone is different. For me, it's easier to trade, but that's not necessarily the case for other people.
True, we do have our own capacities and capabilities on dealing up with things and you are right that it is just really depending on someone on how they would really utilize their skills and knowledge.

Not all would really be that same effective when someone do give out some hints and tips on how to make money.Its up to someone discovery if it does work or not.

When it comes to passive income then staking is considerable but basing up with ROI and risk factor then i dont really see the worth for someone
to put up funds on it but still its their choice.
right, everyone has their own skills, just like trading. although we use the same technique, but not everyone has the same end result. maybe we are suitable for trading, but it is not necessarily suitable for others, maybe they are more suitable for investment. from that everyone has their own skills, and everyone can imitate certain skills, but not everyone can succeed


Title: Re: Passive income
Post by: wajik-tempe on July 21, 2021, 02:08:27 PM
For me staking ETH for ETH 2.0 is much more promising since this coin has very strong fundamental since more than 5 years ago. $CAKE is quite new and could be just another hype coin in bullish market back then. So i think for long time passive income, staking ETH is more profitable


Title: Re: Passive income
Post by: TWW on July 21, 2021, 02:14:12 PM
For me staking ETH for ETH 2.0 is much more promising since this coin has very strong fundamental since more than 5 years ago. $CAKE is quite new and could be just another hype coin in bullish market back then. So i think for long time passive income, staking ETH is more profitable
You are looking forward to that big update. are you following the key program for your ETH for ethereum 2.0? I hear it will make up a few percent of the total assets we lock. Is that true?
if you consider the timing, of course, buying when ETH momentum is at its peak is not that great.
except for the momentum when the market price is down like now. in the future, there is no doubt for improvement.
but CAKE, I believe it's not just a hype asset. he will be big in the future. just speculation but see how the exchange is put to good use. it will help grow CAKE.


Title: Re: Passive income
Post by: akirasendo17 on July 21, 2021, 03:48:47 PM
There are a lot of ways you can earn in cryptocurrency.

Here are the two examples of the most commonly used method

1.) Staking - Staking coins is a way to gain consistent returns on your cryptocurrency portfolio if you want to earn 1% a day. The standard holding period for staking is one to six months, but various fixed periods are available.
2.) Mining - You can profit from cryptocurrency without having to invest any capital. Bitcoin miners are rewarded with Bitcoin when they complete "blocks" of validated transactions added to the blockchain.



3. Trading - if you have enough knowledge and capital in trading, you can get a passive income from it. Just learn first before do trading to avoid huge losses if ever.
It is risky and couldn't be considered as passive income IMO.
Honestly, we can't find passive income here in crypto. Yes, you can make huge money from here IF given a chance and so unfortunate that not all the time comes.

If are absolutely looking for a passive income, let's have to find a stable job rather than staying here. Maybe offering skilled service in the forum could help but not taking, mining, and trading.
yes, i agree with you most of the passive income in crypto disappear after few months or a year, because some user will abuse it, to get more money and leave when they know it's going to fall apart, that passive income sometimes the money we get came from the people who just came in, and wan't to try but they don't know they will be trap.


Title: Re: Passive income
Post by: wxa7115 on July 21, 2021, 05:30:19 PM
Many people recommend staking their coins as a way to get some passive income but to me it is not worth it, if the rewards are too small then you are suffering a huge opportunity cost as you could invest that money almost everywhere and get a lot more profits.

And if the developers offer a huge return for staking your coins then that to me looks suspicious, truth to be told while passive income looks great on paper it is very difficult to get and the profits you can get by actively using that money are way better, so I do not see a reason to pursue passive income in this market.


Title: Re: Passive income
Post by: TheGreatPython on July 22, 2021, 09:10:16 AM
My recommendation for passive income is staking of $pCWS, Seascape Network token. Seascape Network has established several partnerships for this purpose one of which is its partnership with ApeSwap where an investor gets to earn a 172% APR on stake.
You have posted a lot in favor of Seascape network as I can see from your posts history, as much as I would like to know more myself and learn about it maybe, can you help us understand how the project looks fundamentally? I don't mind discussing it with you via DM if you want.

Personally, I don't think staking is a bad option but with staking coins the value of the tokens goes down slowly which is always a concern. I think lending is another option but because of the nature of cryptocurrencies, I don't think everyone can do it safely without getting cheated every once in a while. There is even identity theft going on in the name of lending, so borrowers are not comfortable giving away their documents, and rightly so.


Title: Re: Passive income
Post by: peter0425 on July 22, 2021, 09:25:22 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
hope that you did not invest In Pancake(CAKE) the time that you created this thread because that is the beginning of the fall.

May is the last month that CAKE makes its way upward and from then the fall starts abd until now it is getting slower to climb.


Title: Re: Passive income
Post by: inanilujimi on July 22, 2021, 09:32:33 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
hope that you did not invest In Pancake(CAKE) the time that you created this thread because that is the beginning of the fall.

May is the last month that CAKE makes its way upward and from then the fall starts abd until now it is getting slower to climb.

Every crypto investment has a high risk, I think the OP understands everything before investing. I am personally optimistic that the bull market will come again at the end of the year, hopefully we will see new ATH in every top altcoin.


Title: Re: Passive income
Post by: MarjorieZimmermanGinger on July 22, 2021, 09:32:53 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

First you have to see a big opportunity in some coins, try to analyze it well and don't be rash in taking action to invest, make sure that your investment this time has the perfect value.

In the market there are lots of cheap coins but the movement is good for now, you need some right coins for you to invest, a great opportunity for you if you can see good coins for now, to get passive income you need to follow the steps of people who has succeeded in the crypto world with the right strategy and analysis.

After everything you do, then instill confidence and optimism in the decisions you take, rest assured that something we start with good consideration and analysis, will produce something big without sacrificing a little confidence, that we have the ability in this field.


Title: Re: Passive income
Post by: livingfree on July 22, 2021, 10:25:36 AM
For me staking ETH for ETH 2.0 is much more promising since this coin has very strong fundamental since more than 5 years ago. $CAKE is quite new and could be just another hype coin in bullish market back then. So i think for long time passive income, staking ETH is more profitable
I still don't think that staking ETH would be a good idea at the moment. I am an Ethereum holder but by calculating the stake profitability, I don't think that it's good to take the chance and have your funds lock in some platforms.

Wait until its fully implemented that you can remove or withdraw it at anytime. But owning Ethereum for now is a good idea and investment. Well, just as holding bitcoin, the profit that you'll get when its price goes up is worth it.


Title: Re: Passive income
Post by: fullhdpixel on July 22, 2021, 10:46:38 AM
Many people recommend staking their coins as a way to get some passive income but to me it is not worth it, if the rewards are too small then you are suffering a huge opportunity cost as you could invest that money almost everywhere and get a lot more profits.

And if the developers offer a huge return for staking your coins then that to me looks suspicious, truth to be told while passive income looks great on paper it is very difficult to get and the profits you can get by actively using that money are way better, so I do not see a reason to pursue passive income in this market.
I have a similar feeling about staking but then it's pretty safe and still a good way to stack more coins and don't just look at it from a selling point of view. If you like the project you can hold the tokens for a later stage and then cash even bigger profits for the staked coins earlier.

There aren't many passive earning ways in crypto to be honest.

For me staking ETH for ETH 2.0 is much more promising since this coin has very strong fundamental since more than 5 years ago. $CAKE is quite new and could be just another hype coin in bullish market back then. So i think for long time passive income, staking ETH is more profitable
Indeed but it remains to be seen how it goes because when there's too much hype about something, it usually doesn't dwell well for the project and right now the hype for Ethereum 2.0 is quite a lot.


Title: Re: Passive income
Post by: tvplus006 on July 22, 2021, 12:49:15 PM
Staking is is a great way to earn passive income right, because of the volatile nature of the market right now it most difficult to guarantee a passive income in cryptocurrency. But staking gives some guaranteed income, even though you can’t get a stable price for your rewards token, so it is most likely not passive.

Staking not only allows you to get passive income, but also to lose all or part of your money. In this case, it all depends on the platform on which you place your coins. And the higher the APY, the higher the chance of losing money. And accordingly, the more reliable the platform, the lower the APY offered by it.


Title: Re: Passive income
Post by: Republikcoin.com on July 22, 2021, 01:06:44 PM
I still don't think that staking ETH would be a good idea at the moment. I am an Ethereum holder but by calculating the stake profitability, I don't think that it's good to take the chance and have your funds lock in some platforms.

Wait until its fully implemented that you can remove or withdraw it at anytime. But owning Ethereum for now is a good idea and investment. Well, just as holding bitcoin, the profit that you'll get when its price goes up is worth it.

Staking Ethereum is a good decision and has a low risk. Instead of just storing it and not increasing it, staking Ethereum is wiser because it will increase the amount of ETH you have in your wallet.
In accordance with the amount of money OP is $ 5000 , then the best option is to participate in a staking pool that is official and has a good reputation.
You can get 2.6 ETH for staking in the pool later.

Here's a list of recommended staking pools: https://beaconcha.in/stakingServices


Title: Re: Passive income
Post by: Investo20 on July 22, 2021, 01:06:54 PM
Right now I also see cake staking as a best option for passive income. Their APY is very high like over a year you will double your staked amount or more than that.
But there is a great risk involved in putting all eggs into one basket. If one exploitation or hack happens to cake then your funds will be lost fully. So I would say to diversify you vision.
I would say to stake a part of your fund with cake. And rest you should divide in two parts. Invest one in potential coins you expect to give multiple x profit and with the other part go with trend like when nft season go with nft, now it's blockchain gaming season coming. You can go with that.


Title: Re: Passive income
Post by: onecall123 on July 22, 2021, 01:28:56 PM
Staking is is a great way to earn passive income right, because of the volatile nature of the market right now it most difficult to guarantee a passive income in cryptocurrency. But staking gives some guaranteed income, even though you can’t get a stable price for your rewards token, so it is most likely not passive.

Staking not only allows you to get passive income, but also to lose all or part of your money. In this case, it all depends on the platform on which you place your coins. And the higher the APY, the higher the chance of losing money. And accordingly, the more reliable the platform, the lower the APY offered by it.
Is there a better way? No. A crypto market is full of risk and there is a possibility of winning and losing. At least you can justify the fact that your investment does not follow a downtrend exclusively, but there is some added value. I've been staking for about 3 months and they have such an amazing return. Even though there's a risk of losing money, this is still awesome.


Title: Re: Passive income
Post by: adzino on July 22, 2021, 01:46:26 PM
You have $5,000 capital. Just buy and hold to make a nice "passive income". Put most of your money on bitcoin and some on the top altcoins like ethereum. When you are at profit, sell half of your investment and hold rest. When the price drops, buy more with your profit. Use the rest to try out your luck by investing in those very volatile and trending coins. Just make sure to dump it as soon as you make at least some profit. Those trending shitty coins usually die within a month.


Title: Re: Passive income
Post by: panjay on July 22, 2021, 02:08:13 PM
There are some ways to earn passive income.

One of them was staking, of course, for me I would staking at terra. You got all the rewards with being a delegator (some kind of staking) but also you can get another airdrop with just holding/staking your coin.

There was also a down side, if market crash your passive income will become a negative income.


Title: Re: Passive income
Post by: ectbit on July 22, 2021, 02:09:46 PM
I agree that if you don't want to risk a lot and you want a, somehow, good APY, staking Cake in Pancake Swap is a good choice.

However, there are many DeFi platforms out there that offers you much more than the 100% APY of Pancake swap.

Personally, i try to find a good project with more than 1% daily, i stake my crypto and i get out when it starts to fall.


Title: Re: Passive income
Post by: el kaka22 on July 23, 2021, 11:45:39 AM
I get that many people want to increase their money without working, and crypto is a great way of doing it, so you invest into crypto but now you want to grow your crypto amount without working as well. However remember that staking is just good only if the price stays the same or goes up and not too many people invest into it.

If too many people invest into it then the APR will drop significantly, if the price falls then APR will drop significantly as well. I rather not invest into something that has such a huge chance of not being worth something, you could have bought cake 4 months ago and farm for the past 4 months and make a loss right now, does that sound good?

I am sure there are tons of people who made a profit as well, but I rather not risk it so I do not do it. Of course if you want to invest into Cake, then farming it as well is not a bad idea, just don't invest only for that income, invest if you believe in the token as well.


Title: Re: Passive income
Post by: XavierLaurent on July 23, 2021, 12:30:49 PM
Staking might be a good option if you have big useless sum of money laying around. Otherwise its not worth it IMO.


Title: Re: Passive income
Post by: TopTort777 on July 23, 2021, 01:01:41 PM
Staking might be a good option if you have big useless sum of money laying around. Otherwise its not worth it IMO.

I don't have "have big useless sum of money laying around", but I keep some altcoins on Binance that worth couple of hundred bucks. I did not earn a lot, but still my money works and I get something. There is a good quote "A penny saved is of more value than a penny paid out.
Martin Luther". That is totally correct about passive income with any amount. Think about it at your leisure.


Title: Re: Passive income
Post by: tyz on July 23, 2021, 01:12:12 PM
I don't have "have big useless sum of money laying around", but I keep some altcoins on Binance that worth couple of hundred bucks. I did not earn a lot, but still my money works and I get something. There is a good quote "A penny saved is of more value than a penny paid out.
Martin Luther". That is totally correct about passive income with any amount. Think about it at your leisure.

That means you're stacking on Binance? I hope you also know that you are entrusting your savings there to an unregulated company. It would make more sense to do the staking on a project that is decentralized. There are some good projects here, e.g. Tezos, Waves, Komodo etc, where you can get 5-6% for sure without entrusting this to a central company.


Title: Re: Passive income
Post by: john_nautica on July 23, 2021, 01:15:30 PM
Is it only staking where you would be able to have a passive income? I think with that kind of amount you can start small business or probably divide the fund to different investment like staking, trading and business I think it's much reliable to have more than one passive income than focusing all your money to one.


Title: Re: Passive income
Post by: mksundip on July 23, 2021, 01:21:58 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
the bsc network is busy to talk about because of the bsc's liquidity.  here bsc for passive income does not matter as long as it is correct at the initial goal and not wrong in choosing coins on the bsc network


Title: Re: Passive income
Post by: aioc on July 23, 2021, 01:45:30 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.


Title: Re: Passive income
Post by: TribalBob on July 23, 2021, 02:06:26 PM
Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?

right, does it not affect our coins that we bet? I personally am still confused in this staking case.
where many of my friends suggest staking to get passive income by staking and farming but I'm still confused in its implementation


Title: Re: Passive income
Post by: taufik0911 on July 23, 2021, 02:06:34 PM
if you want passive income my recommendation is to buy a turbine generator and buy an antminer
when we mine using electricity the problem is the high cost but if we buy a tubin generator then our profit is 100%
we can get 2 profits from mining and trading results
this is just my opinion, maybe someone has a better opinion than me here?


Title: Re: Passive income
Post by: livingfree on July 23, 2021, 11:29:37 PM
I still don't think that staking ETH would be a good idea at the moment. I am an Ethereum holder but by calculating the stake profitability, I don't think that it's good to take the chance and have your funds lock in some platforms.

Wait until its fully implemented that you can remove or withdraw it at anytime. But owning Ethereum for now is a good idea and investment. Well, just as holding bitcoin, the profit that you'll get when its price goes up is worth it.

Staking Ethereum is a good decision and has a low risk. Instead of just storing it and not increasing it, staking Ethereum is wiser because it will increase the amount of ETH you have in your wallet.
In accordance with the amount of money OP is $ 5000 , then the best option is to participate in a staking pool that is official and has a good reputation.
You can get 2.6 ETH for staking in the pool later.

Here's a list of recommended staking pools: https://beaconcha.in/stakingServices
Thanks for that list.

That's good information to see that there are a lot of staking services already that are in existence. But I'd be careful with all of them and just have to wait for the official release of it.

Binance even got one but you need to lock it for a long time.


Title: Re: Passive income
Post by: OZmaster on July 25, 2021, 04:29:36 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

But I wonder is farming really worth it? Or providing liquidity? Isn't it quite dangerous to ultimately lose money because the staked coins or the coins you use for farming get dumped and decrease in value anyway?


Title: Re: Passive income
Post by: Fredomago on July 25, 2021, 04:40:22 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

But I wonder is farming really worth it? Or providing liquidity? Isn't it quite dangerous to ultimately lose money because the staked coins or the coins you use for farming get dumped and decrease in value anyway?
That's value of researching and continuing to follow latest news with the project that you are participating. It's a must to know first what kind of asset you are staking your money before jumping into it and invest.

I like the ideas of finding those new projects who are offering usages coin like axie infinity which serves as very profitable in its hot season, finding those same kind of projects who also have good potentials will allow your money to work for you.

Dedicate your time is also important in quest to find the right valuable assets that will make your journey very successful.


Title: Re: Passive income
Post by: capcaypro on July 25, 2021, 05:00:33 PM
Passive income in crypto is indeed now a good option in getting benefits but this is certainly a very high risk for me because to get a large passive income every month you have to risk quite a lot of money too of course and you have to think carefully and do it. research first before deciding on this because the risk is very large even though the exchange has a fairly good track record. because no one can guarantee your money here so you have to act wisely.
although this is indeed quite good but I prefer to do trade.


Title: Re: Passive income
Post by: clarkt on July 25, 2021, 05:17:40 PM
Staking in network like ethereum or binance smart chain is good in theory and very risky in practise!  There have been a lots of flash loan vulnerability on binance smart chain.  The security of your fund should be the uttermost priority for you! I will not trust my fund with centralised exchange.  I might consider decentralised exchange but I will make sure I am not at risk of being a victim of any hack!


Title: Re: Passive income
Post by: Valak on July 25, 2021, 08:32:26 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

I think that if you have that much money, even short-term trading will generate greater profits than staking. I've been staking with some coins, but it didn't give me the maximum profit.


Title: Re: Passive income
Post by: seleme on July 25, 2021, 08:34:08 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

I think that if you have that much money, even short-term trading will generate greater profits than staking. I've been staking with some coins, but it didn't give me the maximum profit.
But the risks are greater on short-term trading unlike staking. The more you trade the more chances are going up to rip all the capital. The best method is the safest method that gives steady profit over time, I prefer staking as passive income rather than losing investment.


Title: Re: Passive income
Post by: Handsome Boy on July 25, 2021, 09:53:01 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

what other method do you mean? because in my opinion staking is the best method to get passive income right now and CAKE is also one of the best altcoin for staking at this time, so I think your choice is right by staking CAKE to get passive income, because it will definitely give you a lot of profit from staking and hold CAKE for the long term.


Title: Re: Passive income
Post by: Dragonfund on July 25, 2021, 10:41:25 PM
For me staking ETH for ETH 2.0 is much more promising since this coin has very strong fundamental since more than 5 years ago. $CAKE is quite new and could be just another hype coin in bullish market back then. So i think for long time passive income, staking ETH is more profitable

Cake are just a price high coin that's probably pump by early investors and traders. Must of this coin that are hype and overpriced are perhaps due to the people behind it.
There are some situation where one of project team may decide to create his own token. The thing is, once users knew it earlier, they will all jumped because of his previous performance from the project.
Now this guy's are so patient and believe and before you know it, the project might start pumping.
One must be careful with all this crypto when it come to alternative way.


Title: Re: Passive income
Post by: Tumanggor on July 25, 2021, 11:01:28 PM
If you want passive income then the best thing for this one is being a manager in Axie Infinity, you are not playing on the game but you have the people to play for you, it is profitable as the price of SLP is now higher than before. NFT game is now being prominent all over the world and it is the best start for us to earn money from playing.

You may also go for taking but I do not prefer that one because its not that too profitable compared to other passive income.
I agree with you, playing in Axie Infinity is really promising
OP has a capital of $ 5000, if he only spends $ 1000 then it is very enough to build a character in axie infinity

We really don't know what will happen in Axie's future but for now, that game is highly recommended
if you are lucky and get a "mystic" character then you become rich


Title: Re: Passive income
Post by: MoneyJ on July 26, 2021, 12:12:43 AM
Apparently almost all DeFi yield passive income. Now, although we have bearish market, is the time to learn how liquidity mining and yield farming work to our advantages. So many DeFis are into it but be careful .


Title: Re: Passive income
Post by: Ulvajaya on July 26, 2021, 04:00:21 AM
Actually it's better for us to think right and look for passive income, because in making policies or decisions for us to jump into one thing we want to do, there must be risks and sustenance, of course we have to have choices and have our own right reasons. and it will not be in vain to come


Title: Re: Passive income
Post by: guydin on July 26, 2021, 05:21:22 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

To my mind, the only profitable sphere now is NFT gaming, but it is not about passive incomes. So if you don't want to do anything and just get profit, the best choice for you is to invest in fundamental currencies in the long term and also stake them. Pancakeswap is a good, reliable project, so try it. But in terms of staking, don't invest in new defi projects now, as you will earn their native tokens that fall in the first three days and then don't return to previous levels.


Title: Re: Passive income
Post by: pinkflower on July 26, 2021, 05:40:26 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

To my mind, the only profitable sphere now is NFT gaming, but it is not about passive incomes. So if you don't want to do anything and just get profit, the best choice for you is to invest in fundamental currencies in the long term and also stake them. Pancakeswap is a good, reliable project, so try it. But in terms of staking, don't invest in new defi projects now, as you will earn their native tokens that fall in the first three days and then don't return to previous levels.

My Defi Pets will have staking of their DPET tokens in the game and players will also be allowed to stake their own pets and they can also lend the pets. The tokens are becoming expensive though, it’s about $8 - $9 per coin now but with only a $60,000,000 marketcap.


Title: Re: Passive income
Post by: RussianEnglishTranslation on July 26, 2021, 06:30:26 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
If you want $cake then you need to buy cake $Monsta "Benoveses". Cake Monster uses transaction fees to buy $cake and distribute it to holders. I also like NEAR protocol for staking, it has one of the highest staking rewards at over 10% and it is hands down the most scalable and advanced crypto in existance.


Title: Re: Passive income
Post by: tyz on July 26, 2021, 06:35:49 AM
Apparently almost all DeFi yield passive income. Now, although we have bearish market, is the time to learn how liquidity mining and yield farming work to our advantages. So many DeFis are into it but be careful .

This is actually the best way to make big profits in the future if you believe that there will be a bull rally again after the bear market. Because now that the tokens are worth less, you get all the more tokens through the passive income. As soon as the market recovers and starts a bear rally, these tokens received through passive income will push your overall profit enormously. The biggest mistake most investors make is that they don't think long term and then they always look at the current $ value of the tokens.


Title: Re: Passive income
Post by: enhu on July 26, 2021, 06:46:37 AM
Apparently almost all DeFi yield passive income. Now, although we have bearish market, is the time to learn how liquidity mining and yield farming work to our advantages. So many DeFis are into it but be careful .

This is actually the best way to make big profits in the future if you believe that there will be a bull rally again after the bear market. Because now that the tokens are worth less, you get all the more tokens through the passive income. As soon as the market recovers and starts a bear rally, these tokens received through passive income will push your overall profit enormously. The biggest mistake most investors make is that they don't think long term and then they always look at the current $ value of the tokens.

Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.



Title: Re: Passive income
Post by: tyz on July 26, 2021, 06:52:59 AM
Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.

Personally, I have not had a good experience with casino token staking. The whole process is too non-transparent because you don't know how big the casino's profit really is and what percentage they actually pay out in dividends. I rather go for DeFi platform staking such as Tezos or Waves. There are others. There the whole process of distribution is much more transparent and you have a minimum income of 5-6%, with a daily payout.


Title: Re: Passive income
Post by: enhu on July 26, 2021, 07:21:18 AM
Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.

Personally, I have not had a good experience with casino token staking. The whole process is too non-transparent because you don't know how big the casino's profit really is and what percentage they actually pay out in dividends. I rather go for DeFi platform staking such as Tezos or Waves. There are others. There the whole process of distribution is much more transparent and you have a minimum income of 5-6%, with a daily payout.

Pointing out that percentage of the casino's profit that we may never know from them helps us to decide.
So many users got into Defi too late because a lot of users here had said Defi to be just hype and it will be gone just like all the previous hypes. Today, even the big banks are looking into it. 5-6% daily payout seems very high and sounds worrisome already.
Which is worth Staking or Lending?


Title: Re: Passive income
Post by: livingfree on July 26, 2021, 07:31:43 AM
Always remember that it is essential to own the coins while they are staked, passive income will be a great way to maximize profits but not your keys not your crypto.
It is what others are forgetting about when they're staking.

They choose to stake in exchanges where they don't fully own their keys as it's being owned by the exchange. So if the exchange gets hacked, the staker doesn't have full control to his funds.

Because it is in the possession of the exchange.


Title: Re: Passive income
Post by: tyz on July 26, 2021, 08:04:43 AM
Could you say this applies to revenue-sharing projects like the exchanges such as KCS?

I have been trying to look for passive income projects including those casino mining which holders are actually just required to hold/stake the native casino token to receive dividends. Passive income I guess but there hasn't been a casino yet that could be trusted, mostly are just a year or two-year-old.

Personally, I have not had a good experience with casino token staking. The whole process is too non-transparent because you don't know how big the casino's profit really is and what percentage they actually pay out in dividends. I rather go for DeFi platform staking such as Tezos or Waves. There are others. There the whole process of distribution is much more transparent and you have a minimum income of 5-6%, with a daily payout.

Pointing out that percentage of the casino's profit that we may never know from them helps us to decide.
So many users got into Defi too late because a lot of users here had said Defi to be just hype and it will be gone just like all the previous hypes. Today, even the big banks are looking into it. 5-6% daily payout seems very high and sounds worrisome already.
Which is worth Staking or Lending?


Sorry for misconception, the percentage rate is not daily, but anually. DeFi is just a term. The platforms I mentioned have been around since up to six years. So, they are very stable and not really hyped as the recent released ones, where nobody knows how long they will be on the market. For example, Waves, it was created 2015 and you have been able to stake your coins there for 6% anually since a couple of years, long before DeFi was hyped. Payout is daily. The platform also offers more risky staking forms (e.g. decentralized algorithmic trading) which offers much higher return rates.


Title: Re: Passive income
Post by: dhemasm on July 26, 2021, 09:13:55 AM
Good to stake cake. Already experienced that and had small amount earnings monthly. I staked around 10Cake and planning to hold it until this coming December. Cake is potential and becoming useful particularly it is known as the top gainer as Dex and next is uniswap. If I could have more money I will buy all in cake.
Yeah, I also have some cake. I just never expect $CAKE will become something like today, I was buying $CAKE before back then on December 2020 and the price still around $0.1 - $0.5 if i remember correctly and i though DeFi it's just another some money game like Ponzi, So i just stake it for short term But i was wrong, Pancakeswap now becoming one of the most biggest DEX out there with tons of features, solid community and good development. For OP, $CAKE is the beast choice if you want some reliable passive income with Good APY.


Title: Re: Passive income
Post by: CryptoG99 on July 26, 2021, 11:04:03 AM
Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?

That's is better returns that you get from the bank/savings account. You'd be lucky to get $400 in a year.
It depends on your risk level.
I am happy to let my ALGO, ADA, VET stake at they 2%-4%+. These are projects I believe in and getting returns on my investments are an extra bonus.
I am also staking my ETH as I believe in it long term and can't wait for 2.0 to come out.
Black Eye Galaxy is also a project I am excited about. Staking on nft planets! I have invested a little money that I am willing to lose, but it has also 10x since I bought in.


Title: Re: Passive income
Post by: Chuky92 on July 26, 2021, 11:25:48 AM
CAKE is a very nice cryptocurrency with amazing use case, that is instead of storing it in your personal wallet doing nothing or waiting for a good price to sell, you can just stake and generate a good passive income from it daily, although this depends on your number of CAKE token. Also, I have seen a lot of copycats which claimed to be the next CAKE but yet they are no where today thus in my opinion, showing that CAKE is actually good for long term holding.
In the aspect of staking and the reward thereof, I hardly check those things like daily reward and so on, I just stake it and leave it there, but check time to time to when know the pool will end and move to another. Another good thing that comes with CAKE staking is that, the team tries their best to list good tokens, such that when you earn the tokens might be forced to hold.


Title: Re: Passive income
Post by: Snappycoco on July 26, 2021, 11:29:24 AM
I suggest you go to Liquidity mining rather than staking. It generates more income than staking profit. Some are offering up to more than a 100% APY and those are really legit. Yield farming is really a thing in this hard times. I suggest a yield farm called DeFirex but still do your own research before entering.


Title: Re: Passive income
Post by: Gayong88 on July 26, 2021, 11:45:22 AM
That good idea sir, it's good if we have some $cake and stages for extra passive income, the pancakes themselves have full support from Binance CEO because CAKE is No.1 DeFi in Binance Smart Chain.


Title: Re: Passive income
Post by: iTradeChips on July 26, 2021, 11:13:24 PM
Binance offers a lot of passive income ways. I'm testing some of them at the moment. Will see what happens pretty soon. Maybe look yourself from one of those options.
Yes, on the Binance exchange, there are many ways that can be used to earn income, both passively and actively, because the features and support of the Binance exchange are so great that everyone can choose what they want.

I am just right now at some sort of "testing the waters" part of my crypto experiments. I am doing Liquid swaps on Binance with just $100 just for testing purposes. I know the profits are not much but at least it is good to know you are getting something. I might add up to it for the next few days or weeks but that depends. All I am doing now is finding similar games like Axie infinity so that I can earn by playing games, which is also my overall goals in cryptocurrency.


Title: Re: Passive income
Post by: pieppiep on July 26, 2021, 11:49:22 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
if you have been staking on cake with that much capital in my opinion it can provide a lot of income that can give you profit and you don't need to trade for long and you don't need to always see price movements on the exchange because you have already made a profit from staking


Title: Re: Passive income
Post by: vabchgent on July 26, 2021, 11:53:51 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
if you have been staking on cake with that much capital in my opinion it can provide a lot of income that can give you profit and you don't need to trade for long and you don't need to always see price movements on the exchange because you have already made a profit from staking

If you do the staking on cake you are also subject to volatility of the staked coins aren't you? What if you are staking and lock up your coins for maybe three months at 50% APR but over that period of time your coin loses 55% in value. Didn't you then make a net loss? I am not that familiar with staking on cake but as far as I understand it the biggest risk you face while locking up your coins or tokens is the volatility that might destroy your staking income.


Title: Re: Passive income
Post by: OZmaster on July 27, 2021, 11:37:13 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

But I wonder is farming really worth it? Or providing liquidity? Isn't it quite dangerous to ultimately lose money because the staked coins or the coins you use for farming get dumped and decrease in value anyway?
That's value of researching and continuing to follow latest news with the project that you are participating. It's a must to know first what kind of asset you are staking your money before jumping into it and invest.

I like the ideas of finding those new projects who are offering usages coin like axie infinity which serves as very profitable in its hot season, finding those same kind of projects who also have good potentials will allow your money to work for you.

Dedicate your time is also important in quest to find the right valuable assets that will make your journey very successful.

Ok but still the biggest risk is if the underlying that you are staking drops significantly in value. That can happen anytime theoretically. Are you staking or farming coins and locking them even for several months thereby increasing your volatility exposure or are you preferring shorter periods of time?


Title: Re: Passive income
Post by: Pithaxz on July 27, 2021, 12:07:15 PM
 yes, to the best way to get passive income now is probably staking, so you can stake your investments on any cryptocurrency exchange and get a good income from it, but you need to find the best percentage and recently there are very low interest rates on the exchanges, but sometimes you can catch a very good percentage, so just go through all the exchanges and find the option you need, also new projects are constantly being released in which you can earn very good profit passively, but many of these projects are scam and you need to be very careful.


Title: Re: Passive income
Post by: vabchgent on July 27, 2021, 01:08:45 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

But I wonder is farming really worth it? Or providing liquidity? Isn't it quite dangerous to ultimately lose money because the staked coins or the coins you use for farming get dumped and decrease in value anyway?
That's value of researching and continuing to follow latest news with the project that you are participating. It's a must to know first what kind of asset you are staking your money before jumping into it and invest.

I like the ideas of finding those new projects who are offering usages coin like axie infinity which serves as very profitable in its hot season, finding those same kind of projects who also have good potentials will allow your money to work for you.

Dedicate your time is also important in quest to find the right valuable assets that will make your journey very successful.

Ok but still the biggest risk is if the underlying that you are staking drops significantly in value. That can happen anytime theoretically. Are you staking or farming coins and locking them even for several months thereby increasing your volatility exposure or are you preferring shorter periods of time?

That's correct, if you decide to stake coins or contribute them to farms you definitely are exposed to the risk of price declines or liquidity shortages leading to prices that can cause you disadvantages. Generally though staking is a great possibility to create passive income, but I would stick with strong coins that are known for not dying overnight.


Title: Re: Passive income
Post by: CryptoG99 on July 27, 2021, 02:36:32 PM
yes, to the best way to get passive income now is probably staking, so you can stake your investments on any cryptocurrency exchange and get a good income from it, but you need to find the best percentage and recently there are very low interest rates on the exchanges, but sometimes you can catch a very good percentage, so just go through all the exchanges and find the option you need, also new projects are constantly being released in which you can earn very good profit passively, but many of these projects are scam and you need to be very careful.

I am happy to let my ALGO, ADA, VET stake at they 2%-4%+. These are projects I believe in and getting returns on my investments are an extra bonus.
I am also staking my ETH as I believe in it long term and can't wait for 2.0 to come out.
Black Eye Galaxy is also a project I am excited about. Staking on nft planets! I have invested a little money that I am willing to lose, but it has also 10x since I bought in.


Title: Re: Passive income
Post by: Traderbtcc on July 27, 2021, 02:55:47 PM
I don’t believe the word passive income in cryptocurrency, as the entire processes in the cryptocurrency have no guaranteed steady profits making method, it’s base on speculation, risk, and high volatility.

I could have suggested staking, trading or mining crypto, but they all come with their unique risk and peculiarities.
I also don't believe that passive income word works in the crypto sphere,aside the speculation and high volatility, the risk most of these yield farming carry is just way too much, have witnessed tons of projects been hacked during this bull run and the investors never get back their money, I think its much better I trade with that money knowing fully well that I'm the one in charge other than using these Yield farms as passive income only to get rekt afterwards.

For staking I think its a nice way to earn more coins while holding unto your bag for longterm, the only problem with staking is that the APY's are relatively small and not encouraging, but a few days back I found out I can stake my near on Binance and get an 22% APY, and it's really good compared to atom which was just 9-11%,since I'm not planning to sell my near any time soon, I'm going to take advantage of the 22% APY I saw on Binance.


Title: Re: Passive income
Post by: junkerr on July 27, 2021, 03:28:35 PM
I think staking Cake will be profitable. But it is a long term process. I am a very impatient person so I do not like long term process. If I had $5000 capital I would be trading and I think it is possible to earn more by trading.
trading is indeed simpler and experienced ones can get profits quickly.
but staking can also be profitable for certain market conditions. like a severe dump with no growth for a long time (as happened in 2018). I think staking can be more profitable than trading.


Title: Re: Passive income
Post by: ChrisPop on July 27, 2021, 03:59:35 PM
I think you should look at the risk as well. There is no "best" way to earn passive income and I recommend to take a good look at the risks associated. Personally I'd look elsewhere for passive income, unless I am an expert in DeFi and know the risks associated with any kind of token/protocol I want to invest in. The competition is also quite fierce, projects are popping out everywhere and personally I haven't seen a long enough track history to state that investing in DeFi is a reliable source of passive income (not worth risking high % of your net worth). But hey, that's just my humble 2 cents. I might be a much more conservative person than you are.


Title: Re: Passive income
Post by: MSN02 on July 28, 2021, 02:37:09 AM
Having tokens in and of itself is a passive income. I also stale and make NFTs which are both passive incomes that are very easy. I personally think that finding a project that you think will succeed in the future is hugely important because if a project 10x or 20x or even more than that that is a lot of money that you made passively by just hodling. You can also make great rewards in staking off of these investments. I personally have invested a lot into NEAR. NEAR gives me 11.2% apy on staking and it’s a project that I believe will be huge in the future. I also make my NFTs on NEAR because NEAR is so fast, cheap, and so easy to make NFTs on. There are lots of great projects, you just have to find them. If you haven’t looked into NEAR I also recommend you look into it, you may not love it but I think you will. It’s a great project and great for making passive income. There are also many different ways to earn money within the blockchain if you are looking for a side hustle.


Title: Re: Passive income
Post by: Text on July 28, 2021, 02:57:59 AM
Having tokens in and of itself is a passive income. I also stale and make NFTs which are both passive incomes that are very easy. I personally think that finding a project that you think will succeed in the future is hugely important because if a project 10x or 20x or even more than that that is a lot of money that you made passively by just hodling. You can also make great rewards in staking off of these investments. I personally have invested a lot into NEAR. NEAR gives me 11.2% apy on staking and it’s a project that I believe will be huge in the future. I also make my NFTs on NEAR because NEAR is so fast, cheap, and so easy to make NFTs on. There are lots of great projects, you just have to find them. If you haven’t looked into NEAR I also recommend you look into it, you may not love it but I think you will. It’s a great project and great for making passive income. There are also many different ways to earn money within the blockchain if you are looking for a side hustle.
Is NEAR already listed on CMC?  I think I found something else there which is NEAR Protocol which has nothing to do with NFT, it's a project of building an app but I saw that it also has Staking because of POS.  Or maybe you're referring to something else, is that already listed on other popular coin trackers?

I have also been able to have passive income just by staking on Defi platforms and I can say that it is worth it.


Title: Re: Passive income
Post by: cabron on July 28, 2021, 03:05:57 AM
Having tokens in and of itself is a passive income. I also stale and make NFTs which are both passive incomes that are very easy. I personally think that finding a project that you think will succeed in the future is hugely important because if a project 10x or 20x or even more than that that is a lot of money that you made passively by just hodling. You can also make great rewards in staking off of these investments. I personally have invested a lot into NEAR. NEAR gives me 11.2% apy on staking and it’s a project that I believe will be huge in the future. I also make my NFTs on NEAR because NEAR is so fast, cheap, and so easy to make NFTs on. There are lots of great projects, you just have to find them. If you haven’t looked into NEAR I also recommend you look into it, you may not love it but I think you will. It’s a great project and great for making passive income. There are also many different ways to earn money within the blockchain if you are looking for a side hustle.
Is NEAR already listed on CMC?  I think I found something else there which is NEAR Protocol which has nothing to do with NFT, it's a project of building an app but I saw that it also has Staking because of POS.  Or maybe you're referring to something else, is that already listed on other popular coin trackers?

I have also been able to have passive income just by staking on Defi platforms and I can say that it is worth it.

https://coinmarketcap.com/currencies/near-protocol/

It's still a platform just like the ones competing for ETH afaik. The first time I heard of it was from a youtube streamer. It's quite good but it wasn't really promoted here in the forum which is why it's not popular with the users here. If it did have an ANN thread in the forum, a lot probably have invested in it. AVAX for example did post here even when they didn't do a bounty campaign.

Yes. Defi is still a good source of money same as staking.



Title: Re: Passive income
Post by: CryptoG99 on July 28, 2021, 12:12:24 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
being in the cake is not a problem as long as you can really manage the cake well. because there are so many cake coins that are only temporary hype without giving profit to the holders. if you are in cake you have to actively look at the market situation and you have to update about cake so that assets remain safe

I find that the same with the BSC. So hard to find a token that has utility or is not just a pump and dump. I think I found one with $BYG. Black Eye Galaxy is a decentralized NFT token. Players buy planets, starships and space stations. All as NFTs. Each planet will have it's own resources which can then be mined by staking.


Title: Re: Passive income
Post by: OZmaster on July 28, 2021, 01:02:22 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

But I wonder is farming really worth it? Or providing liquidity? Isn't it quite dangerous to ultimately lose money because the staked coins or the coins you use for farming get dumped and decrease in value anyway?
That's value of researching and continuing to follow latest news with the project that you are participating. It's a must to know first what kind of asset you are staking your money before jumping into it and invest.

I like the ideas of finding those new projects who are offering usages coin like axie infinity which serves as very profitable in its hot season, finding those same kind of projects who also have good potentials will allow your money to work for you.

Dedicate your time is also important in quest to find the right valuable assets that will make your journey very successful.

Ok but still the biggest risk is if the underlying that you are staking drops significantly in value. That can happen anytime theoretically. Are you staking or farming coins and locking them even for several months thereby increasing your volatility exposure or are you preferring shorter periods of time?

That's correct, if you decide to stake coins or contribute them to farms you definitely are exposed to the risk of price declines or liquidity shortages leading to prices that can cause you disadvantages. Generally though staking is a great possibility to create passive income, but I would stick with strong coins that are known for not dying overnight.

That is why I am really hesitant to stake my coins even for a couple of weeks as we know how quick things can turn around and crash hard. You don't want to have your coins staked unless it is a coin that you really know well and trust in its recovery. Having your coins stuck can mean huge opportunity cost. That really must be considered when doing your calculations for rewards from staking your coins.


Title: Re: Passive income
Post by: Charot12345 on July 28, 2021, 01:47:34 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
hope that you did not invest In Pancake(CAKE) the time that you created this thread because that is the beginning of the fall.

May is the last month that CAKE makes its way upward and from then the fall starts abd until now it is getting slower to climb.

All kinds of investment always come with a risk. The riskier it is the more profit you can have if it goes on your way but to much loss if it is not. So before investing you must know and understand everything about it.


Title: Re: Passive income
Post by: the rise on July 28, 2021, 01:53:10 PM
I agree with that, CAKE is one of the trust coins that exist on the BSC network. Until now CAKE is ranked first in the BSC ecosystem. and there are so many benefits of investing here. in addition, dev always maintains its price by doing periodic burn.


Title: Re: Passive income
Post by: monineklutak on July 28, 2021, 01:57:18 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
hope that you did not invest In Pancake(CAKE) the time that you created this thread because that is the beginning of the fall.

May is the last month that CAKE makes its way upward and from then the fall starts abd until now it is getting slower to climb.

All kinds of investment always come with a risk. The riskier it is the more profit you can have if it goes on your way but to much loss if it is not. So before investing you must know and understand everything about it.

Any investment will have risks, whether it's small or big, it's just a matter of what our strategy is to minimize that risk.
besides strategy, of course the first is knowledge because when we start investing and don't have any knowledge of what we are most likely to fail and lose money,
So that's why it's important to have knowledge


Title: Re: Passive income
Post by: vabchgent on July 28, 2021, 01:57:23 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking Cake is good but does not pour your capital on one coin alone, there are a lot of ways to earn passive income and there is stable Farm sites worthy to look at be careful on new farm sites so many of these are doing rug pull, investing in the top coin, and hodling it, is also highly recommended, this is the best time to buy new upcoming projects with good potential like DPET and Binamon, they are gaming sites very much similar to Axie.

But I wonder is farming really worth it? Or providing liquidity? Isn't it quite dangerous to ultimately lose money because the staked coins or the coins you use for farming get dumped and decrease in value anyway?
That's value of researching and continuing to follow latest news with the project that you are participating. It's a must to know first what kind of asset you are staking your money before jumping into it and invest.

I like the ideas of finding those new projects who are offering usages coin like axie infinity which serves as very profitable in its hot season, finding those same kind of projects who also have good potentials will allow your money to work for you.

Dedicate your time is also important in quest to find the right valuable assets that will make your journey very successful.

Ok but still the biggest risk is if the underlying that you are staking drops significantly in value. That can happen anytime theoretically. Are you staking or farming coins and locking them even for several months thereby increasing your volatility exposure or are you preferring shorter periods of time?

That's correct, if you decide to stake coins or contribute them to farms you definitely are exposed to the risk of price declines or liquidity shortages leading to prices that can cause you disadvantages. Generally though staking is a great possibility to create passive income, but I would stick with strong coins that are known for not dying overnight.

That is why I am really hesitant to stake my coins even for a couple of weeks as we know how quick things can turn around and crash hard. You don't want to have your coins staked unless it is a coin that you really know well and trust in its recovery. Having your coins stuck can mean huge opportunity cost. That really must be considered when doing your calculations for rewards from staking your coins.

True, but I got a few coins that aren't worth that much anyway so I just stake them in a yield farm where you can earn not only the cryptocurrency you stake, but also some others that are part of the farm. It isn't much, but it does create at least a little bit of value before I leave them idle in the wallet.


Title: Re: Passive income
Post by: raes on July 28, 2021, 02:06:43 PM
True, but I got a few coins that aren't worth that much anyway so I just stake them in a yield farm where you can earn not only the cryptocurrency you stake, but also some others that are part of the farm. It isn't much, but it does create at least a little bit of value before I leave them idle in the wallet.
looks like in ApeSwap there are some such features. Staking BANANA tokens to get other tokens or coins.
rather than just waiting for the price of the tokens we have to go up, staking is indeed the best way to get passive income. although trading is more profitable it requires more skill. whereas staking is the best way to double profit when the coin price or market is not so good.


Title: Re: Passive income
Post by: dndfinance on July 28, 2021, 02:31:02 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

You could stake Ada.


Title: Re: Passive income
Post by: imstillthebest on July 28, 2021, 02:50:57 PM
I agree with that, CAKE is one of the trust coins that exist on the BSC network. Until now CAKE is ranked first in the BSC ecosystem. and there are so many benefits of investing here. in addition, dev always maintains its price by doing periodic burn.
that was not shocking because the coin was owned by the leading bsc exchange named pancakeswap . yes there are other benefits when you have a cake coin not just staking . you can create nft avatars in your pancakeswap account and recent one is a lottery where you can use you cake coin to buy tickets.
 the burning process doesnt only happen in this coin but it happens too on most coins .


Title: Re: Passive income
Post by: PivotBh3 on July 28, 2021, 03:36:21 PM
I see DeFi yield farming as one of the best way to earn passive income . I prefer staking ,  i have been earning some reasonable passive income for over 6 months now . I bought some reasonable amount of CAKE token when it was $6.2 and till date i am still earning passively. There are some  good DeFi project are very good for passive income .


Title: Re: Passive income
Post by: TWW on July 28, 2021, 03:49:47 PM
I agree with that, CAKE is one of the trust coins that exist on the BSC network. Until now CAKE is ranked first in the BSC ecosystem. and there are so many benefits of investing here. in addition, dev always maintains its price by doing periodic burn.
that was not shocking because the coin was owned by the leading bsc exchange named pancakeswap . yes there are other benefits when you have a cake coin not just staking . you can create nft avatars in your pancakeswap account and recent one is a lottery where you can use you cake coin to buy tickets.
 the burning process doesnt only happen in this coin but it happens too on most coins .
CAKE I think is a good asset. some do use it more for staking. although currently being popular with their NFT. I'm sure pancakes will update that too.
but for staking and getting passive income I started to be interested in NMX. it is a coin from the nominex exchange. almost the same as BNB, TKO, and CAKE. I think they have an equal chance of becoming very popular in the future with the development of their exchange platform.


Title: Re: Passive income
Post by: Balmain on July 28, 2021, 04:03:01 PM
I bought pancakes for $7 and I've been staking ever since, earning myself passive income. Actually, there are many alternatives in the bsc network. Being a leader in alternatives makes it reliable for me. When the price rises, the cake rises very hard, but it does not last long, it crashes back, it is necessary to sell profits here. My indispensable cake for passive income :)


Title: Re: Passive income
Post by: imstillthebest on July 28, 2021, 04:11:55 PM
I agree with that, CAKE is one of the trust coins that exist on the BSC network. Until now CAKE is ranked first in the BSC ecosystem. and there are so many benefits of investing here. in addition, dev always maintains its price by doing periodic burn.
that was not shocking because the coin was owned by the leading bsc exchange named pancakeswap . yes there are other benefits when you have a cake coin not just staking . you can create nft avatars in your pancakeswap account and recent one is a lottery where you can use you cake coin to buy tickets.
 the burning process doesnt only happen in this coin but it happens too on most coins .
CAKE I think is a good asset. some do use it more for staking. although currently being popular with their NFT. I'm sure pancakes will update that too.
but for staking and getting passive income I started to be interested in NMX. it is a coin from the nominex exchange. almost the same as BNB, TKO, and CAKE. I think they have an equal chance of becoming very popular in the future with the development of their exchange platform.
nmx ? and nominex exchange ? never heard of that but staking is verry popular now for making passive gains so this coin your reffering has somehow have a chance to succeed,  more if they continue thier development and add some interesting functions that cannot be seen elsewhere . the future is unpredictable .
cake  , bnb and tko can be popular now but they maybe loose this popularity in the future and nmx will own them .


Title: Re: Passive income
Post by: Fredomago on July 28, 2021, 05:24:58 PM
I bought pancakes for $7 and I've been staking ever since, earning myself passive income. Actually, there are many alternatives in the bsc network. Being a leader in alternatives makes it reliable for me. When the price rises, the cake rises very hard, but it does not last long, it crashes back, it is necessary to sell profits here. My indispensable cake for passive income :)
Timing is important but long term hold passive income still the best way to invest your money, small or decent as long as the project is progressive and the team are not stopping. Finding those coins and sorting the best value for your money is very important, you need to select then pick the right one for your investment.

Time and your dedication to sort every opportunities that open while you still have the money invest, setting your goals and keep aiming for the best outcome.


Title: Re: Passive income
Post by: Insomnia family on July 28, 2021, 05:32:47 PM
CAKE is a top priority as a reliable deFi farm today. I personally also bet this CAKE coin as passive income every month. and I also didn't suspect that CAKE had given me what I needed for every month. actually there are still a lot of good Defi farms out there and you need to take a look, like banana, NMX, etc


Title: Re: Passive income
Post by: Anonymous100 on July 28, 2021, 08:15:45 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

For now I prefer stake, because market conditions are dropping. I think you can stake Tron on Trust Wallet with APR rate of 5%. We do this while waiting for the bull run market. I think Tron still has a big chance to be pumped in the future, because the price is still very low.


Title: Re: Passive income
Post by: efreeti on July 28, 2021, 11:31:57 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

You can use $ 5k for short-term trading, at least $ 100 you can get every day. But if you do staking, you also have to see if the daily income is in accordance with the capital we spend, if not, then leave that way.

So you are claiming that it is very easy to make $100 per day by short-term trading? I would love to make a bet with you and see how you consistently make $100 per day for a 30 day period. It also depends on the capital you have available of course, but I would even be ok with you to just finish every single day with black numbers. There is no guaranteed income anywhere and the worst method you can try to achieve consistent and guaranteed income is definitely short-term trading.


Title: Re: Passive income
Post by: arifteguhr on July 28, 2021, 11:40:34 PM
All kinds of investment always come with a risk. The riskier it is the more profit you can have if it goes on your way but to much loss if it is not. So before investing you must know and understand everything about it.
Risk is the second thing that must always be understood by everyone who wants to invest, because the main thing is that he must understand the procedures for managing investments, so that understanding is immediately accompanied by risk so that he can also manage it well.


Title: Re: Passive income
Post by: m.rifki on July 29, 2021, 01:08:32 AM
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.


Title: Re: Passive income
Post by: sirminesalot on July 29, 2021, 01:22:20 AM
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.

Passive income was hype in 2017-2018, there are a lot of platform provide a staking and lending to get 1%-2% profit each day which is so mindblowing and hard to believe. In one year this kind of bussiness is crashed, all of them are just a ponzi scheme and the owner of these business are gone. So, don't believe any passive income with a stable profit in cryptocurrency because that won't happen except staking an already strong fundamental coin like ETH.


Title: Re: Passive income
Post by: vabchgent on July 29, 2021, 10:34:18 AM
True, but I got a few coins that aren't worth that much anyway so I just stake them in a yield farm where you can earn not only the cryptocurrency you stake, but also some others that are part of the farm. It isn't much, but it does create at least a little bit of value before I leave them idle in the wallet.
looks like in ApeSwap there are some such features. Staking BANANA tokens to get other tokens or coins.
rather than just waiting for the price of the tokens we have to go up, staking is indeed the best way to get passive income. although trading is more profitable it requires more skill. whereas staking is the best way to double profit when the coin price or market is not so good.

Yes but when you stake you also have these lock up periods which can be very painful when your coin is in a bull run and you can't get them out and sell them on the open market. That is the biggest risk when you stake your coins especially long-term. I usually prefer to stay in control and react to market sentiments.


Title: Re: Passive income
Post by: coin-investor on July 29, 2021, 10:45:30 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

You made the right decision if you are going to stake Cake you made the right decision, staking, providing liquidity is the best passive income now, it's the trend but not all farming sites are worth staking, there are many farming sites that do rug pull this is the big concern of those who are investing in farming and staking, you can wake up with liquidity pull out.


Title: Re: Passive income
Post by: ivankoh on July 29, 2021, 12:31:34 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
The use of liquidity pool and farms will be affected by IL, .. if to maintain passive income without being affected by the market. You can choose to lend USDT, or lend bitcoin if you want a good long-term passive income. Personally, I use defi on Sovryn for staking and lending(RBTC). Price action that ensures equal benefits is the way to go for me.


Title: Re: Passive income
Post by: CryptoG99 on July 29, 2021, 12:46:46 PM
I think Binance as far as I know, this is now the best solution for passive earnings. If 3 years ago it was possible to get money from staking coins in the wallet, now these are large exchanges that attract investments through good investment programs and if you are interested maybe you can bet on CAKE, AXS, BONE.

It will be interesting to see where ALGO goes with the new governance changes to rewards to see what the APY becomes.
We also have the Coinex Smart Chain (CSC) as a competitor to the BSC.
Finding the gems is the really hard part but I think I might have found one with Black Eye Galaxy (BYG). This token actually has use in the game and you can stake your NFTs for more returns and APY. It might be something worth checking out.


Title: Re: Passive income
Post by: cabron on July 29, 2021, 12:46:59 PM
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.

Of course there is. You just have to be an earoy investor like buying the altcoin at its very early stage where the price is less than $0.10. Say for example you lease thousands of your Waves token in the platform. Or buy Vechain token while less than a cent so having millions of the tokens I guess will earn you enough VTHOR everyday. Heres a good project, NEO.

Defi projects are good for passive income if you just chose the right project.


Title: Re: Passive income
Post by: ninabobo on July 29, 2021, 03:29:26 PM
I can see you have more interest in staking, cake staking is good but I think $near is more better off, and also there are so many ways to earn passive income in the Near ecosystem. Taking part in the near ecosystem is something else because you will be faced with so much opportunities, you can use your $near to participate in a private sale of any project launched on $near and believe me any project which is launched on near is really gonna turn out big because I got to find out the $near ecosystem supports each and every project which is launched on their blockchain and the most interesting part here is that the price is still at a low rate, so it's an opportunity to hop in now.


Title: Re: Passive income
Post by: john_nautica on July 29, 2021, 03:45:56 PM
I can see you have more interest in staking, cake staking is good but I think $near is more better off, and also there are so many ways to earn passive income in the Near ecosystem.

Haven't  heard of that Near ecosystem. I'll try to do more research about that but do you really think it's nice to stake on cake staking? It seems most of them have low APY I've seen some DeFi which offers more than 1000% APY why do you think cake staking is much better than the other DeFi staking? I just want to ask these things since I want to have a passive but high income.


Title: Re: Passive income
Post by: efreeti on July 29, 2021, 08:59:31 PM
I can see you have more interest in staking, cake staking is good but I think $near is more better off, and also there are so many ways to earn passive income in the Near ecosystem.

Haven't  heard of that Near ecosystem. I'll try to do more research about that but do you really think it's nice to stake on cake staking? It seems most of them have low APY I've seen some DeFi which offers more than 1000% APY why do you think cake staking is much better than the other DeFi staking? I just want to ask these things since I want to have a passive but high income.

It seems that quite a few people are talking about the NEAR ecosystem, but I wonder whether it is one of those projects who call themselves Ethereum killer and then never really lift off or get anything done that could threaten Ethereum in the slightest. I am all for competition and it would be great to have another project that causes healthy competition, but most of them just disappear after a while or don't grow significantly.


Title: Re: Passive income
Post by: dotcoin.info on July 29, 2021, 09:06:30 PM
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.


Why not?
Things like staking and farming can be called passive income, because these things do not require active action, and at the same time bring money.
This is nothing more than passive income that is better than a bank.


Title: Re: Passive income
Post by: Quidat on July 29, 2021, 09:17:57 PM
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.


Why not?
Things like staking and farming can be called passive income, because these things do not require active action, and at the same time bring money.
This is nothing more than passive income that is better than a bank.
When it comes to security then yes but considering those returns or interest then it isnt really that worth and this is why majority of people who do know crypto would most likely
be risking out their money into crypto investments because returns are really that appealing excluding into those staking which yearly interest isnt really good at all but
much better compared to banks but the risk is higher.So its a personal choice whether they would really be touching up these waters or would totally
stick out on traditional things.


Title: Re: Passive income
Post by: pedrillo0 on July 29, 2021, 09:24:56 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Binance, trustwallet, gate etc etc products are good for passively earning money.
But if you want something out of the ordinary, I invite you to try the bots of my friends from Peru: https://tunkobtc.com/#/index (https://tunkobtc.com/#/index)
They have excellent platforms and also have 14-day demos.
You also earn by referrals, try them, you do not lose anything.


Title: Re: Passive income
Post by: CryptoBuds on July 29, 2021, 09:39:04 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Don't do the same mistake you have done before, there is no sure income for staking a single token, Don't put all of your eggs in one bucket.
Devide your money into three portions,
1- buy some reputade coin in spot- BTC, ETH, LTC, ADA, DOT, XLM, BNB and you will get more.
2- Keep some money to buy deep, cause you don't know the future, you don't know when the bear will come.
3- With 3rd portion, try to grow up your trading skill day by day. do daily trade, it will help you to build your basic trading and you will get some pocket money.

You said your budget is $5000. Don't fixed your budget, try to raise funds in every month.




Title: Re: Passive income
Post by: Fredomago on July 29, 2021, 09:45:46 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Don't do the same mistake you have done before, there is no sure income for staking a single token, Don't put all of your eggs in one bucket.
Devide your money into three portions,
1- buy some reputade coin in spot- BTC, ETH, LTC, ADA, DOT, XLM, BNB and you will get more.
2- Keep some money to buy deep, cause you don't know the future, you don't know when the bear will come.
3- With 3rd portion, try to grow up your trading skill day by day. do daily trade, it will help you to build your basic trading and you will get some pocket money.

You said your budget is $5000. Don't fixed your budget, try to raise funds in every month.





Indeed! There are many venues where potential to earn is also decent aside from staking, though it's not bad to take the risk if you fully understand what you are doing and you are willing to take the risk knowing that the value of staking asset may fall.

With that, the amount that you'll going to received as dividends might not covered the amount of losses that it may along the way.

Like how you enumerate those possible way to earned using that decent amount of initial investment, learn and keep doing your best to find the right system to increase/enhance your trading knowledge.


Title: Re: Passive income
Post by: cyberenot on July 29, 2021, 11:15:45 PM
I think the most secure and profitable way is Ghost cold-staking.


Title: Re: Passive income
Post by: livingfree on July 29, 2021, 11:24:29 PM
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.
There is.

That's why there is staking and you're free to do that as long as you have a crypto that can be staked. The profit that you earn from staking is considered as a passive income.

There is passive income but it's not that much if you calculate.


Title: Re: Passive income
Post by: CryptoG99 on July 30, 2021, 11:47:03 AM
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.

There is, but its not a guarantee that income will make your profit in dollars. Usually its earn you coin/ tokens for doing it. Try to take a look at farming/ staking program or LP provider.

The choice of the right project could make you earn a lot from staking and from the increase in value of the same token.
I think the passive income is a great solution to continue to accumulate this volatile markets and without too many thoughts.

I love my staking cryptos, ADA, VET, ALGO and even ETH. You get a way better rate then the bank that is for sure.
BYG is also a stakeable token that I am looking at on the BSC. I only invested a small amount of money but I like how the token actually has use. Black Eye Galaxy is a decentralized NFT token. Players buy planets, starships and space stations. All as NFTs. Each planet will have it's own resources which can then be mined by staking.


Title: Re: Passive income
Post by: justdimin on July 31, 2021, 08:40:24 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
Farming and staking is the way to go when we are talking about passive income. They do not require you to have machines like mining requires it, and we are talking about a good token as well, if you pick a horrible one that doesn't make sense then you are going to end up losing all of your money, but if you end up picking something like Cake and stake it for years then you are going to get super rich.

15 dollars is nothing compared to what it can be, at the earliest I believe 30+ dollars is possible, and if you stake it meanwhile it goes up that means you are going to end up making insane returns. Or you can pick uniswap as well which has almost the same thing, or anything that makes sense, I do not want to promote low cap stuff because they rarely make any money, but these highly rewarded ones definitely do deserve some recognition in passive income world.


Title: Re: Passive income
Post by: RussianEnglishTranslation on August 01, 2021, 02:51:42 AM
You could stake NEAR for 11.5% APY.


Title: Re: Passive income
Post by: ardydyon on August 01, 2021, 04:24:51 AM
Staking cake is a good way to generate passive income, besides cake, bnb, cardano (there are) staking can also be done. but maybe now there is a way to play games using coin axs can also generate income besides we also get additional entertainment by playing games


Title: Re: Passive income
Post by: Xinarae* on August 01, 2021, 05:25:42 AM
Passive income comes easily but it is not an easy achievement to build you usually need a high capitalization before you can start making passive income whether you choose rent or any of the above you still get a huge capital. Sometimes, capital doesn't always make sense depending on the type of passive income flow you want to create you can open other passive streams like business advice and development.


Title: Re: Passive income
Post by: Devifajarina on August 01, 2021, 05:51:34 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

If you have such a model, try investing in ethereum, BNB and meme coins which have good potential, you can invest in a slightly longer timeframe, at least a year. I suggest that you invest here, rather than choosing to invest in other coins.

If you want an instant investment then the right step is to invest in bitcoin, it doesn't take long for you to wait, but the problem of investing in bitcoin must have a large capital and for now the buying and selling price is not so significant, the risk is big if you invest in bitcoin At the moment.


Title: Re: Passive income
Post by: Serco on August 01, 2021, 06:55:18 AM
Staking cake is a good way to generate passive income, besides cake, bnb, cardano (there are) staking can also be done. but maybe now there is a way to play games using coin axs can also generate income besides we also get additional entertainment by playing games
you should to know about birb project, it is really undervalue project with complete feature that will developt in near future. It have good staking rate arounf 57% for a year. and also in this month they will build birb swap and play to earn games. If compare with AXIE , birb still in developtment progress but so far they did it well. we could staking and playing game to earn token.



Title: Re: Passive income
Post by: feelideb on August 01, 2021, 07:03:21 AM
I believe till I am able to see clear direction of where the market going, I will be staking my stable coin in exchanges that have proved themselves to be safe and secure! The cryptocurrency market is still in bear market and there are few opportunity for flipping! Another passive income is also in staking single asset!


Title: Re: Passive income
Post by: Dewajuna09 on August 01, 2021, 07:28:03 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.


passive income from staking Cake is indeed very profitable. I've tried it before. besides that, bnb coins can also be used for passive income. by staking bnb or joining launchpad on binance exchange. both are quite profitable and the price tends to increase per year.


Title: Re: Passive income
Post by: andriarto on August 01, 2021, 07:44:37 AM
I believe till I am able to see clear direction of where the market going, I will be staking my stable coin in exchanges that have proved themselves to be safe and secure! The cryptocurrency market is still in bear market and there are few opportunity for flipping! Another passive income is also in staking single asset!
but with the bear market, we can actually look for a spot that can be used as a buy area, so that later we will get more profit. but for that there is indeed a risk that must be prepared, when the price drops, not necessarily when we buy a reversal will occur immediately, but sometimes the market goes down even deeper, so we must be able to set a strategy


Title: Re: Passive income
Post by: Lexurdania on August 01, 2021, 07:55:08 AM
I believe till I am able to see clear direction of where the market going, I will be staking my stable coin in exchanges that have proved themselves to be safe and secure! The cryptocurrency market is still in bear market and there are few opportunity for flipping! Another passive income is also in staking single asset!
but with the bear market, we can actually look for a spot that can be used as a buy area, so that later we will get more profit. but for that there is indeed a risk that must be prepared, when the price drops, not necessarily when we buy a reversal will occur immediately, but sometimes the market goes down even deeper, so we must be able to set a strategy
we have to set several plan to overcome this possibility, if we are long term holder cut loss was not good option but maybe averaging or martiangle will be better strategy as long as at first trade we didnt use huge allocation. bearish could be best opportunity while we pick correct coins , but could be disaster when we pick project which is running out from market and scammed investor. be aware if this bearish condition , make sure it just normal pullback not rug pulled.


Title: Re: Passive income
Post by: wxa7115 on August 03, 2021, 06:02:20 PM
There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.
And not only it is almost impossible to achieve in this market but in every single other market and industry as well, passive income is probably the goal of every single person around the world as you will be able to enjoy your life without being worried about trying to make more money anymore but this is very difficult.

Even if you invest in bitcoin which is probably the best investment opportunity that has appeared during the last decade that still doesn't count as passive income because you still need to watch the market from time to time and take decisions like whether you are going to sell your coins or you are going to keep holding, so we must recognize that very few people get the opportunity to get passive income.


Title: Re: Passive income
Post by: Matteorsini on August 03, 2021, 08:04:16 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
I believe not all altcoins are strictly dependent on BTC. But they can always be affected by the trend. Some can still weather the storm though. Like for instance, this undervalued gem called XSN the native crypto of Stakenet. A solid project that offers multiple staking solutions for passive income. They've also got the Layer 3 Stakenet Dex which will going to be launched in public soon.


Title: Re: Passive income
Post by: tabas on August 03, 2021, 09:22:37 PM
Staking cake is a good way to generate passive income, besides cake, bnb, cardano (there are) staking can also be done. but maybe now there is a way to play games using coin axs can also generate income besides we also get additional entertainment by playing games
AXS? the Axie Infinity game? you need Ethereum for purchasing and to start the game. If you want to multiply your pets, you need that coin for them to mate.
But you're right that it's a good way to generate income as it's profitable just as the other games that offers the same entertainment but lesser in profitability.


Title: Re: Passive income
Post by: babygun on August 04, 2021, 12:10:53 AM

AXS? the Axie Infinity game? you need Ethereum for purchasing and to start the game. If you want to multiply your pets, you need that coin for them to mate.
But you're right that it's a good way to generate income as it's profitable just as the other games that offers the same entertainment but lesser in profitability.

But don't you think this is also temporary? Right now AXS seems populair and it is getting pumped but soon the next hype will occur. Look at Alienworlds. At some moment, it reached a price of 6.6$ and now its value is only 0.26$. Investing is these kind of coins is too risky for me.


Title: Re: Passive income
Post by: Sayeds56 on August 04, 2021, 12:30:55 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Pancakeswap is one of the best DEFI created  on Binance smart chain and it has paid huge reward since it was launched back in 2020, its price went up many folds from few cents to 42$ ATH. You can generate passive income on Pancakeswap by providing liquidity or staking your coins. The Annualized Profit  is around 90% which is very good return by  any standard. It is better to buy cake when price is below 15$ becuase that is its support zone. NOT A FINANCIAL ADVICE. DYOR


Title: Re: Passive income
Post by: Quintrix on August 04, 2021, 12:53:40 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking is best for passive income only if you can choose good coins to invest where the price will go up and fully established coin in the market, there are so many farming sites that offer up to 500 to 1000 APY only to rug pull when they have huge money to take, Cake is good and so is UNISWAP you can add at least 5 farming sites.


Title: Re: Passive income
Post by: FinneysTrueVision on August 04, 2021, 01:06:50 AM
CAKE is a good coin with high ROI. They are always adjusting the emission rate so after one year you might not have the returns you were expecting, but with $5000 to invest I think you should have no problem making a couple thousand dollars as long as the price doesn't have a significant decline.

I personally don't currently own any CAKE because I mostly hold BTC and the only DeFi tokens I own offer higher returns but with greater risk. In the past I have held CAKE for staking and I still believe in it's potential.


Title: Re: Passive income
Post by: smyslov on August 04, 2021, 02:28:01 AM
Have you heard of projects like pay to earn, they are trending topics now, because of the success of Axie, there are three projects now worth investing and holding if you are not going to play, in the future, it will increase the price by tenfold or more, these projects are Binamon Dpet and ofc course Axie do check them out.


Title: Re: Passive income
Post by: techearn17 on August 04, 2021, 03:24:56 AM
It is very beneficial to invest in cakes at this time because a lot of people in front of us when they invested in cakes, the price of cakes was forty to forty-two, so you can earn passive income by providing liquidity or staking your coins which I think will be the best investment of the future.


Title: Re: Passive income
Post by: Lordshiva on August 04, 2021, 03:28:33 AM
Staking cake is a good way to generate passive income, besides cake, bnb, cardano (there are) staking can also be done. but maybe now there is a way to play games using coin axs can also generate income besides we also get additional entertainment by playing games
Its good to find something alike that have potential than to just join in a hype that may end any moment since the hype is already there. While its good to join in it we must know how to monitor still since the market is too volatile and dont put all in it , haveother investment in other coins or properties.
Yes staking the coin is one of the most popular option to earn passive income in the crypto currency world. Cake offers a very good ROI so it is a very good option. But I recommend staking in multiple coins as there are many different options for you like bnb , cardano as you said.


Title: Re: Passive income
Post by: cunguks on August 04, 2021, 03:43:46 AM
Yes staking the coin is one of the most popular option to earn passive income in the crypto currency world. Cake offers a very good ROI so it is a very good option. But I recommend staking in multiple coins as there are many different options for you like bnb , cardano as you said.
in pancakeswap, you can stake the CAKE you have to get other tokens.
which maybe not be many alternatives like this exist on other platforms.
now the adoption of CAKE is also improving. I staked $300 in CAKE. I got my share well. I enjoy it all.


Title: Re: Passive income
Post by: terizla on August 04, 2021, 03:56:37 AM
I have 2 passive income in crypto and i think both of them will be good in future
1. Stacking IDEA (IDEAOLOGY) in Kucoin Market with APY 24%.
2. Farm OOE (Open Ocean) in OpenOcean Dex.


Title: Re: Passive income
Post by: calya on August 04, 2021, 04:03:30 AM
CAKE is a good coin with high ROI. They are always adjusting the emission rate so after one year you might not have the returns you were expecting, but with $5000 to invest I think you should have no problem making a couple thousand dollars as long as the price doesn't have a significant decline.

I personally don't currently own any CAKE because I mostly hold BTC and the only DeFi tokens I own offer higher returns but with greater risk. In the past I have held CAKE for staking and I still believe in it's potential.
i am agree staking cake was good choice , beside it  was as good project staking rate also interested for us. It didn offer too high rate but still acceptable for every investors. Picking good project to stake was an obligation but staking not to be obligation if this is was bad project.

in pancakeswap, you can stake the CAKE you have to get other tokens.
which maybe not be many alternatives like this exist on other platforms.
now the adoption of CAKE is also improving. I staked $300 in CAKE. I got my share well. I enjoy it all.
beside got return from staking reward, usually some wallet also give airdrop for cake staker. recent airdrop was POTS , cake staking be one of rules to eligible in this airdrop. we got double benefits from it.


Title: Re: Passive income
Post by: raes on August 04, 2021, 04:09:22 AM
beside got return from staking reward, usually some wallet also give airdrop for cake staker. recent airdrop was POTS , cake staking be one of rules to eligible in this airdrop. we got double benefits from it.
That's right, CAKE has a great strategy to keep their market buzzing.
but is there any condition to get airdrop or all can get airdrop token from CAKE?
I am staking CAKE, but what I get is a SYRUP token. not POTS.


Title: Re: Passive income
Post by: nomenclatur on August 04, 2021, 05:18:02 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
this is a great opportunity to buy a cake and to do stake for several years with a capital of 5000$ you can get 309 for staking very suitable because the current price has decreased quite a bit if anyone wants to try to buy this bake it will be much cheaper for you can get big profits because of the bake has decreased in price doing this stake will be a better opportunity because the increase is also much faster.


Title: Re: Passive income
Post by: Rahman11 on August 04, 2021, 06:11:19 AM
Passive income from cryptocurrency is a really high risky method, otherways i prefer day trading by your part of some capital, wisely try to trading with a most trusted exchangers.


Title: Re: Passive income
Post by: the ghabbar on August 04, 2021, 06:15:00 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

If you have a capital of 5000$, then the step you have to take is to choose a profitable investment, now available with many investment patterns in the crypto world, you just need to study the condition of the coin and the market movement towards the price of the coin.

You have to study this pattern correctly and precisely, so you don't make a mistake in deciding to invest, usually people use two things in investing, long-term or short-term, this is adjusted to the existing conditions and capital.

So that you really understand the level of risk of the investment. Otherwise, your investment will not yield anything.


Title: Re: Passive income
Post by: KaliLinux on August 04, 2021, 06:28:09 AM
Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?
Absolutely right. Apart from the huge funds with little reward at the end, I will only use the Binance Vault in most cases where I don't want to sell off the coins for any reason at that time since it also gives the option of moving the assets anytime you want to, unlike the fixed period stakes. I generally don't like to stake anything in any of the farms or even in exchanges because as we know, anything can happen at any time.


Title: Re: Passive income
Post by: RussianEnglishTranslation on August 04, 2021, 07:04:38 AM
BSC is great for DeFi and $CAKE is a sweet project but I also stake $NEAR because I think in the long run it will appreciate in value higher than cake.


Title: Re: Passive income
Post by: kaka manteng on August 04, 2021, 07:11:39 AM
I suggest you go to Liquidity mining rather than staking. It generates more income than staking profit. Some are offering up to more than a 100% APY and those are really legit. Yield farming is really a thing in this hard times. I suggest a yield farm called DeFirex but still do your own research before entering.


Title: Re: Passive income
Post by: wajik-tempe on August 04, 2021, 07:19:30 AM
Passive income from cryptocurrency is a really high risky method, otherways i prefer day trading by your part of some capital, wisely try to trading with a most trusted exchangers.

I think you're wrong, doing coin holding or staking is less riskier for new comer in crypto compared to daytrading. Doing daytrading need an expert level of chart and fundamental analysis and even you already have those skills, the market sometimes is not depends on the chart analysis but depends on what's happening in the world right now. So no people in this world who always make profit on crypto day trading.


Title: Re: Passive income
Post by: kak uli on August 04, 2021, 08:32:46 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

with that much capital I will trade every day to generate income every day. if you don't dare to trade then find some good projects and join them, I think that's it.


Title: Re: Passive income
Post by: Ziskinberg on August 07, 2021, 10:22:57 AM
with that much capital I will trade every day to generate income every day. if you don't dare to trade then find some good projects and join them, I think that's it.
If you have a lot of capital, then don't use all of it to trade, because market conditions change every day, so everyone has to save half of their funds to prepare for a downturn in the market, and the other half is used to trade in the short term.

Well, it's a good idea if you are good at trading as day trading requires skills and you are likely to succeed if you are focus on what you are doing. While for long-term investment, it doesn't need a lot of time especially if you are just aiming to sell at a good price as anytime you can find a market situation where the price is bearish.


Title: Re: Passive income
Post by: indrakusumaindra on August 07, 2021, 10:27:18 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
Staking definetly good way but did you ever think about where the staking rewards coming from? i think cake would not be so good for long terms. I do recommend you to staking unibright (ubt) that will soon come out maybe this year.
https://baseledger.net
from that website you can see a picture how the flow of ubt as a reward flow, no new coins all on circulation. Also the project is quiet promising, UBT already works with COca-cola , servicenow , microsoft, splunk, and also many big enterprise that still yet to be announced.


Title: Re: Passive income
Post by: iv4n on August 07, 2021, 11:00:18 AM
Staking is more popular than ever! When I started with crypto it wasn't so easy to find some good staking coin, but now you can simply register to Binance or some other exchange with the staking feature, there are few good multi-currency wallets with a staking option, I am using Atomic wallet!
I am a gambler and I am attracted to casinos with in-house tokens, staking those tokens can be very profitable! You can also trade with some of them, buy/sell them, without even needing to gamble for them!


Title: Re: Passive income
Post by: Malam90 on August 07, 2021, 11:03:25 AM
Now staking is the best way of passive earn. Cake and Baby are both the best staking earning sites for me. Cake still offers 100% staking rewards. It means 100 Cake will generate 8.33 Cake every months (calculated today) where Babyswap offers 120% staking (according to the present rate calculation). I am staking both coins. It's very good passive income opportunity to me in times of bearish market when most of the coins are huge in huge losses.


Title: Re: Passive income
Post by: Tegxy on August 07, 2021, 02:38:42 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

One good way to earn passively in the crypto space is harnessing the staking opportunity provided by Seascape Network. Seascape Network recently partnered with Wault Finance to provide a staking opportunity to individuals on a 242% APR gain. You could research on it.


Title: Re: Passive income
Post by: deathcode on August 07, 2021, 02:44:51 PM
Now staking is the best way of passive earn. Cake and Baby are both the best staking earning sites for me. Cake still offers 100% staking rewards. It means 100 Cake will generate 8.33 Cake every months (calculated today) where Babyswap offers 120% staking (according to the present rate calculation). I am staking both coins. It's very good passive income opportunity to me in times of bearish market when most of the coins are huge in huge losses.
you have a good choice. many people are attracted to the two coins you stake. the price is also not bad in the market.
I also do staking CAKE and BUNNY. At first, I was just experimenting. but it turns out that staking for our long-term assets will be profitable as long as the situation on our staking platform remains safe.


Title: Re: Passive income
Post by: marilynmanson21 on August 07, 2021, 04:23:02 PM
many exchanges that provide passive income
but what is currently popular is biswap, it says it has a high Apy compared to other exchanges, I will immediately confirm this info if I have time, but you can find your own info on biswap, open??

I suggest another place, cake, binance or platfrom, they have coins


Title: Re: Passive income
Post by: wheelz1200 on August 07, 2021, 04:27:55 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Forget about passive income.  Just stick most into a good coin...like bitcoin and let it marinate.  Does the price go up and down yep, but in the long run price appreciation should be much better than returns from safe passive income.  Notice I say safe, there are high risk high reward options out there but most of them lose your whole stack in the process.


Title: Re: Passive income
Post by: Rakeshten on August 07, 2021, 07:14:20 PM
Staking $CAKE can give you a good profit but I think you should try to invest in an altcoin or bitcoin for the long term. Because the crypto market is always increasing without any break, so you can also think about it. Take a look at FTT. It is a token of FTX exchange and it keeps growing, because FTX exchange is becoming a good exchange many investors are going to FTX exchanges.


Title: Re: Passive income
Post by: mbakruroh on August 07, 2021, 07:19:11 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

We cannot say that staking is a method of passive income. Due to fluctuations in Cake prices. You can only earn passive income by staking stable coins. If the number of coins in staking increases, but the price of the coins decreases, then you will experience a loss. In contrast to stable coins. The number of coins increases, but the price of the coins remains the same. I think with $5k capital it is better to trade. This is more profitable than staking.


Title: Re: Passive income
Post by: 5thFear on August 07, 2021, 07:20:43 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

I don't think you can make big profits in staking now a days. The competition is getting higher and the profits are getting lower. Infact you can make bigger profits in trading but one needs to be good at that. A good trader can make more money in scalping then staking.


Title: Re: Passive income
Post by: bitcoin-shark on August 07, 2021, 07:21:38 PM
cake is an excellent investment on pancakes there are various stake / pool options where you can earn cake and many other coins using cake, even the pnt are not bad they offer 22% per annum, i personally would make a third of the capital cake, a third pnt and a third eth, better to diversify, is just a personal opinion not an advice


Title: Re: Passive income
Post by: Princejebs on August 07, 2021, 07:23:35 PM
Have you heard of projects like pay to earn, they are trending topics now, because of the success of Axie, there are three projects now worth investing and holding if you are not going to play, in the future, it will increase the price by tenfold or more, these projects are Binamon Dpet and ofc course Axie do check them out.

Do you really think people are there because the platform is booming because gaming purpose or because its mere trend as quick tactics to make cool cash just the same way yearn finance start some race years bac and other DeFi projects follow suits including the good and bad ones.
I might be wrong but with what I have seen so far with NFT, the investors are trying to make it trend but they are only trying hard to make it over the internet but many aren't really interested.


Title: Re: Passive income
Post by: Sardel on August 07, 2021, 07:35:39 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
Did you know that you can earn great passive income via Stakenet staking? The dev team worked hard to ensure that staking is accessible for everyone who owns XSN - the native crypto of Stakenet.
There are currently three recommended ways to stake your XSN coins: Cloud pooled staking, Core wallet staking, and Cold staking (TPoS).
For as little as 1 XSN in your wallet, you can start staking right away.


Title: Re: Passive income
Post by: tyz on August 07, 2021, 07:35:45 PM
Now staking is the best way of passive earn. Cake and Baby are both the best staking earning sites for me. Cake still offers 100% staking rewards. It means 100 Cake will generate 8.33 Cake every months (calculated today) where Babyswap offers 120% staking (according to the present rate calculation). I am staking both coins. It's very good passive income opportunity to me in times of bearish market when most of the coins are huge in huge losses.

I hope you are aware that 100% interest is not serious at all and also not sustainable. Also, recommending such projects is not serious too. Good staking projects that get the staking profits mostly from transaction fees pay between 4-8%(annually) at the moment. Anything above 10% is more or less a Ponzi or retained tokens are distributed. But this indicates that the project can't find enough stakers. That's then the next sign that this can't go well for long and you shouldn't invest in it.


Title: Re: Passive income
Post by: vabchgent on August 09, 2021, 02:08:38 PM
Now staking is the best way of passive earn. Cake and Baby are both the best staking earning sites for me. Cake still offers 100% staking rewards. It means 100 Cake will generate 8.33 Cake every months (calculated today) where Babyswap offers 120% staking (according to the present rate calculation). I am staking both coins. It's very good passive income opportunity to me in times of bearish market when most of the coins are huge in huge losses.
you have a good choice. many people are attracted to the two coins you stake. the price is also not bad in the market.
I also do staking CAKE and BUNNY. At first, I was just experimenting. but it turns out that staking for our long-term assets will be profitable as long as the situation on our staking platform remains safe.
I understand how excited it is starting to stake at PancakeSwap website. Cake is offering likely 95% APY rate on staking at pancakeswap. Other pools are available as well. Anyone who stakes CAKE will undoubtedly enjoy their rewards. Cake prices are quite sustainable, and users have a lot of faith in the system.

I have never been a friend of these high APY rates and I feel like I never will be. Where do these high rates come from? Who pays for the party? Something must be diluted in return, causing harm to some part of the chain or circle that the funds get funneled through. Could somebody enlighten me how that is supposed to be sustainable?


Title: Re: Passive income
Post by: Benefactor on August 09, 2021, 03:31:03 PM
This ought to be perused by the greater part of individuals that are considering marking into trades, decentralized and unified. You need to consider it first in the event that you truly need to stake or probably you're putting yourself in danger regardless of whether that is a respectable trade. The normal financing cost is 4% yearly, exceptionally low for some individuals, however essentially you are procuring it in a significant cash on since a long time ago run.


Title: Re: Passive income
Post by: junkerr on August 09, 2021, 03:38:12 PM
Now staking is the best way of passive earn. Cake and Baby are both the best staking earning sites for me. Cake still offers 100% staking rewards. It means 100 Cake will generate 8.33 Cake every months (calculated today) where Babyswap offers 120% staking (according to the present rate calculation). I am staking both coins. It's very good passive income opportunity to me in times of bearish market when most of the coins are huge in huge losses.
do you have an analysis to see the correct prediction of the cake or baby potentially bro? I think the risk of staking is too big and maybe not everyone can be in that position. indeed cake can be a profit explosion for us, but it must be with a lot of big analysis
actually under market conditions in a good rally will not be so profitable staking.
I actually prefer current trading because the momentum is also good with the right market support. many assets get a price increase.
while for staking, I think it will be profitable when we are in a long correction.
but everyone's strategy is different. I also had time to stake CAKE, but I have withdrawn it to trade.


Title: Re: Passive income
Post by: Kayum10029 on August 10, 2021, 12:54:59 AM
Here are some ways in which having a passive income can help you make money. You can choose staking for passive income, in this case your staking  will come and for a long time Your token will remain on hold in your wallet.


Title: Re: Passive income
Post by: wajik-tempe on August 10, 2021, 12:59:10 AM
Here are some ways in which having a passive income can help you make money. You can choose staking for passive income, in this case your staking  will come and for a long time Your token will remain on hold in your wallet.

But this staking system has so much potential to scam, so we have to be very careful about choosing coin that we want to stake and which platform serve this service because there are a lot of ponzi scheme wearing a mask as a staking investment system and many got trapped and lost big amount of their money. Do a deep research before doing this


Title: Re: Passive income
Post by: yasj on August 10, 2021, 01:19:24 AM
A method that I personally use to earn some passive income is to arbitrage between your local currency and Tether or some other stable coin. It usually gives you 1% return in every 2-3 days. That's more than what you can earn from staking. I'm an Indian so I personally use  WazirX  (https://wazirx.com/invite/e9mtd987)exchange to buy USDT when the price is low and I sell it when I get 1% profit. If you're not an Indian, you can still use this trick on Wazirx. Just deposit your crypto on Wazirx, Buy USDT and sell it in INR form and repeat.


Title: Re: Passive income
Post by: Malam90 on August 10, 2021, 01:31:39 AM
Now staking is the best way of passive earn. Cake and Baby are both the best staking earning sites for me. Cake still offers 100% staking rewards. It means 100 Cake will generate 8.33 Cake every months (calculated today) where Babyswap offers 120% staking (according to the present rate calculation). I am staking both coins. It's very good passive income opportunity to me in times of bearish market when most of the coins are huge in huge losses.
you have a good choice. many people are attracted to the two coins you stake. the price is also not bad in the market.
I also do staking CAKE and BUNNY. At first, I was just experimenting. but it turns out that staking for our long-term assets will be profitable as long as the situation on our staking platform remains safe.


Right, CAKE price looks sustainable and it's still profitable for staking. It's good idea to make passive income from staking like CAKE, BABY,  CHE (Cherryswap). Staking gives you income in times of bearish market when you can't sell your tokens in losses but staking rewards either helps to cash or reduce purchase price. I will search about BUNNY tokens also. Now i am investing and generating income from staking coins/tokens only.


Title: Re: Passive income
Post by: Malam90 on August 10, 2021, 01:39:16 AM
Now staking is the best way of passive earn. Cake and Baby are both the best staking earning sites for me. Cake still offers 100% staking rewards. It means 100 Cake will generate 8.33 Cake every months (calculated today) where Babyswap offers 120% staking (according to the present rate calculation). I am staking both coins. It's very good passive income opportunity to me in times of bearish market when most of the coins are huge in huge losses.
do you have an analysis to see the correct prediction of the cake or baby potentially bro? I think the risk of staking is too big and maybe not everyone can be in that position. indeed cake can be a profit explosion for us, but it must be with a lot of big analysis

Prediction is very tough but all we know the potentiality and importance of Pancakeswap and Uniswap. Basically Uniswap has made a revolution in DeFi on Ethereum Chain and later Pancakeswap on BSC. When market goes on bullish trend, i think staking isn't necessary then. Normal trade is good but when market situation is stable or bearish trend, hence staking tokens/coins helps to get few coin by holding the tokens normally. Sure, analysis is must before investment in any project.


Title: Re: Passive income
Post by: cabron on August 10, 2021, 05:40:17 AM
Now staking is the best way of passive earn. Cake and Baby are both the best staking earning sites for me. Cake still offers 100% staking rewards. It means 100 Cake will generate 8.33 Cake every months (calculated today) where Babyswap offers 120% staking (according to the present rate calculation). I am staking both coins. It's very good passive income opportunity to me in times of bearish market when most of the coins are huge in huge losses.
do you have an analysis to see the correct prediction of the cake or baby potentially bro? I think the risk of staking is too big and maybe not everyone can be in that position. indeed cake can be a profit explosion for us, but it must be with a lot of big analysis

Prediction is very tough but all we know the potentiality and importance of Pancakeswap and Uniswap. Basically Uniswap has made a revolution in DeFi on Ethereum Chain and later Pancakeswap on BSC. When market goes on bullish trend, i think staking isn't necessary then. Normal trade is good but when market situation is stable or bearish trend, hence staking tokens/coins helps to get few coin by holding the tokens normally. Sure, analysis is must before investment in any project.

POS tokens are for long-term holders. Unstaking them to trade when there is bull market is a good technique because you can sell when the price is on its ATH. But staking while there is a bear is just not your option instead. the value is going to drop, you will need to wait again for its very low price before buying otherwise you lose the value of your token.

The best thing to do is to invest in the very beginning while the price is very low like less than $0.10 and stake for long term. This way you won't be worrying about whichever the market will be.


Title: Re: Passive income
Post by: DonFacundo on August 10, 2021, 06:30:10 AM
$5000 capital that's enough to stake cake, I don't know how much you will earn but I'm sure it's profitable because cake is a good for long term investment, a very potential coin. Once the price of cake go pump and also your earnings in stakes will increase so it's profitable. Cake is one of the best passive income.


Title: Re: Passive income
Post by: RokokGudangGaram on August 10, 2021, 07:28:03 AM
There's a lot of ways you can achieve passive income thought the annual percentage yield or APY is not that much. You can try staking which only around 10%-20% or lower but you can try yielding farms though they are very risky, another option is Mining however due to the high electricity rate, maintenance and the cost of the equipment you can only earn in long term.


Title: Re: Passive income
Post by: btcltcdigger on August 10, 2021, 08:30:21 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

You can try the Celsius method which has 8.88% APY on stablecoins.
With $5000 start, you get about $1 a day, which is not bad TBH


Title: Re: Passive income
Post by: beveryu778 on August 10, 2021, 08:53:49 AM
You can invest some cake from the capital you have.
For this reason it is also very profitable from here you can take a good profit.


Title: Re: Passive income
Post by: Xampeuu on August 11, 2021, 04:12:34 AM
There's a lot of ways you can achieve passive income thought the annual percentage yield or APY is not that much. You can try staking which only around 10%-20% or lower but you can try yielding farms though they are very risky, another option is Mining however due to the high electricity rate, maintenance and the cost of the equipment you can only earn in long term.
I think mining is a solution to get passive income, even though we need capital, but believe me this work will last a long time, so there is no need to worry about the tools and costs needed, at least we can cover the operational costs for each month including electricity costs and still get profit


Title: Re: Passive income
Post by: avarnet on August 11, 2021, 06:49:49 AM
Play occasionally in the BNB BSC and binance areas so you know how good it is to get a fit profit, because there it teaches you how to live rich and successful fast by staking and vault conditions that have very good performance and make you addicted to taking profits so that you can enjoy the beauty of the crypto market


Title: Re: Passive income
Post by: Cameron1Love on August 11, 2021, 08:03:01 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
I staked my eGLD on the legit staking providers, I think its better to invest on some legit staking like elrond network. This is not a financial advice also do your own research about staking and earn passive income. 16% APR is the best percentage that can give you by the staking providers.


Title: Re: Passive income
Post by: Malam90 on August 11, 2021, 10:41:07 AM

POS tokens are for long-term holders. Unstaking them to trade when there is bull market is a good technique because you can sell when the price is on its ATH. But staking while there is a bear is just not your option instead. the value is going to drop, you will need to wait again for its very low price before buying otherwise you lose the value of your token.

The best thing to do is to invest in the very beginning while the price is very low like less than $0.10 and stake for long term. This way you won't be worrying about whichever the market will be.

Yes, you are right. I am staking only POS tokens which can be any time stake/unstake based on market condition. It helps me also trade. When i observe a pump, i immediately unstake and sell, then wait for a small correction. It grows my capital either from stake or irregular trade also. I try to find new POS tokens at the beginning and invest to stake there with high APR. Initially for high APR, i can take out my initial investment within one or two months and then keep only the portion amount of profits. :)


Title: Re: Passive income
Post by: livingfree on August 11, 2021, 11:20:18 AM
To get passive income at this time of course BNB is one that we must consider, then for now the BSC network continues to grow and this will have a positive impact for binance and the price continues to increase until now, to invest in the coin is the right choice and you can also glance at other coins whose prices are also being increased such as ethreum and TKO that we can currently rely on.
It is becoming noticeable that BNB and BSC is getting the traction although it's already popular.

There's more projects that are running on BSC and carries the popularity of BNB because of its chain.


Title: Re: Passive income
Post by: tyz on August 11, 2021, 12:27:55 PM
To get passive income at this time of course BNB is one that we must consider, then for now the BSC network continues to grow and this will have a positive impact for binance and the price continues to increase until now, to invest in the coin is the right choice and you can also glance at other coins whose prices are also being increased such as ethreum and TKO that we can currently rely on.
It is becoming noticeable that BNB and BSC is getting the traction although it's already popular.

There's more projects that are running on BSC and carries the popularity of BNB because of its chain.

The problem with the BNB Chain is that it is largely centralized or the few nodes are mainly from Binance. Apart from the fact that this is not in the spirit of crypto, this is also fundamentally a danger. Binance is a company that has so far been able to successfully evade any control and regulation. If the company is banned, the chain will also be dead and any assets on the chain will be worthless.


Title: Re: Passive income
Post by: ardydyon on August 11, 2021, 02:29:07 PM
maybe can try staking facilities in binance.there offers staking facilities with a fairly decent advantage.if you put $5000 in capital will get regular income every month.which will go directly to your spot account and that profit can be sold.or may be able to do by using their futures facilities, with very high profits but have a high risk as well.


Title: Re: Passive income
Post by: Sayeds56 on August 11, 2021, 02:44:28 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

There are many ways to earn passive income like Fixed deposit of Banks, Investment in good stocks and earn dividend income, Invest in residentiial  or commercial property and get regular rental income. In crypto  Investment  in DEFI projects like Pancakeswap has been very profitable since 2020. It has paid huge rewardes who provided liquidity or staked their Cake coins. Please be careful when choosing DEFI project becuase there are huge nimbers of scam projects  in this industry.


Title: Re: Passive income
Post by: vabchgent on August 11, 2021, 06:39:26 PM
To get passive income at this time of course BNB is one that we must consider, then for now the BSC network continues to grow and this will have a positive impact for binance and the price continues to increase until now, to invest in the coin is the right choice and you can also glance at other coins whose prices are also being increased such as ethreum and TKO that we can currently rely on.
It is becoming noticeable that BNB and BSC is getting the traction although it's already popular.

There's more projects that are running on BSC and carries the popularity of BNB because of its chain.

The problem with the BNB Chain is that it is largely centralized or the few nodes are mainly from Binance. Apart from the fact that this is not in the spirit of crypto, this is also fundamentally a danger. Binance is a company that has so far been able to successfully evade any control and regulation. If the company is banned, the chain will also be dead and any assets on the chain will be worthless.

I have only used BSC so far but never looked precisely into the validator structure. Is it known who the validators are? Is it also known that there is a good chance Binance themselves controls most of them? Could they easily roll back the chain if they wanted or are there any security measures in place to prevent that from happening? I think so far a lot of users haven't really looked into how BSC is really designed because everyone trusts Binance, but that might change quite a bit if some of the rumors going around about Binance turn into reality and cause them some trouble.


Title: Re: Passive income
Post by: Digital_Lord on August 11, 2021, 06:53:12 PM
That's a great choice. I believe $CAKE is the best for staking. You will also get a good profit when $CAKE will hit their ATH and cross the ATH. You can also think about long-term investment in BTC or Ethereum or any other good coin. Because the crypto market is continuously increasing. Today BTCs price is 46K$ tomorrow maybe it will 50K$. So if you think  that it can give you good benefit then you should invest 50-50 in both. 50% for staking and 50% for long-term investment.


Title: Re: Passive income
Post by: Mahdirakib on August 11, 2021, 07:06:31 PM
I think it's worth considering and also cake is a good coin and is on the bsc network, at least it won't go down far and it's currently in the top 100 cmc, so staking cake will be safe in my opinion even if it's done in the long term and your main goal is to get interest .
Cake coin has good potential to increase in price, because it is connected with the decentralized exchange Pancakeswap. So, it won't be a bad decision if anyone going to stake Cake coin now. Moreover, it will be better to divide the investment into some part and stake different promising crypto. Staking ETH, BNB & TRX could be profitable as well.


Title: Re: Passive income
Post by: nicolas1979 on August 11, 2021, 10:17:28 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Is it possible with the staking system to get passive income. If the price of crypto drops, of course you also experience losses. I am more interested in trading than staking systems. Staking stablecoins is likely to give you an advantage. However the stable coin APR is very low.


Title: Re: Passive income
Post by: livingfree on August 11, 2021, 10:26:59 PM
To get passive income at this time of course BNB is one that we must consider, then for now the BSC network continues to grow and this will have a positive impact for binance and the price continues to increase until now, to invest in the coin is the right choice and you can also glance at other coins whose prices are also being increased such as ethreum and TKO that we can currently rely on.
It is becoming noticeable that BNB and BSC is getting the traction although it's already popular.

There's more projects that are running on BSC and carries the popularity of BNB because of its chain.

The problem with the BNB Chain is that it is largely centralized or the few nodes are mainly from Binance. Apart from the fact that this is not in the spirit of crypto, this is also fundamentally a danger. Binance is a company that has so far been able to successfully evade any control and regulation. If the company is banned, the chain will also be dead and any assets on the chain will be worthless.
Yeah.

That's the drawback of it but most of the projects that are attaching their new projects to BNB/BSC is mainly because of the popularity of Binance.

And in that case, they don't think or realize its centralized network or they do but just ignores that fact and goes for a quick exposure because of the said network.


Title: Re: Passive income
Post by: Fredomago on August 11, 2021, 10:31:00 PM

Yeah.

That's the drawback of it but most of the projects that are attaching their new projects to BNB/BSC is mainly because of the popularity of Binance.

And in that case, they don't think or realize its centralized network or they do but just ignores that fact and goes for a quick exposure because of the said network.

They are not caring about it since they wanted to have a quicker exposures of their project, BSC provides low transactions fees which commonly being look by traders and investors.

But likewise, the danger is there since binance already gained power over this industry, the after effect if ever that sudden things happened it will reflect and affect every assets/projects that are now working inside this chain. We also need to consider that before taking our steps picking project to support.


Title: Re: Passive income
Post by: Lordshiva on August 12, 2021, 03:21:09 AM

Yeah.

That's the drawback of it but most of the projects that are attaching their new projects to BNB/BSC is mainly because of the popularity of Binance.

And in that case, they don't think or realize its centralized network or they do but just ignores that fact and goes for a quick exposure because of the said network.

They are not caring about it since they wanted to have a quicker exposures of their project, BSC provides low transactions fees which commonly being look by traders and investors.

But likewise, the danger is there since binance already gained power over this industry, the after effect if ever that sudden things happened it will reflect and affect every assets/projects that are now working inside this chain. We also need to consider that before taking our steps picking project to support.
Yes surely it can happen and we have to be careful with the after effects because it can be negative as well. Binance has been on high and gained all the power.
Every one is interested in binance and BSC which provides such low transaction fees.
But in coming time may even better projects may come .


Title: Re: Passive income
Post by: ampu on August 12, 2021, 06:18:45 AM
Staking with CAKE is quite good because this project has many participants contributing liquidity as well as trading on it. This project is backed by Binance so it will be stable in value. The ecosystem of Binance Smart chain is growing strongly so investing and CAKE is a safer move than other DEFI projects.


Title: Re: Passive income
Post by: btc-facebook on August 12, 2021, 08:13:33 AM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
There are many ways to get passive income in crypto, staking on Pancakeswap is only one of them, now it is more developed, such as farming using NFT, this type of farming is usually in blockchain games, the item you get is NFT, and when a player has many items in the game , players can do farming there using the items they have,
quite profitable because you can also sell your items in the marketplace, usually NFT games have their own marketplace.


Title: Re: Passive income
Post by: vabchgent on August 12, 2021, 04:38:37 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
There are many ways to get passive income in crypto, staking on Pancakeswap is only one of them, now it is more developed, such as farming using NFT, this type of farming is usually in blockchain games, the item you get is NFT, and when a player has many items in the game , players can do farming there using the items they have,
quite profitable because you can also sell your items in the marketplace, usually NFT games have their own marketplace.

But still when you lock up your coins for staking on Pancakeswap isn't there immense risk that the volatility of the coins you are staking will eventually undermine or even destroy any gains you make if you are unlucky? It is not 100% safe to stake, is it?


Title: Re: Passive income
Post by: Rocky993 on August 12, 2021, 06:08:54 PM
Now coinmarketcap is not in a stable position so it is very difficult to make passive income by investing in any market at this time.  At this time, investing in altcoin to earn income is full of risk.  It doesn't take long for the wheel to turn in whichever moment.  Investing long term in the top coin of Coinmarketcap is completely different.


Title: Re: Passive income
Post by: Insomnia family on August 12, 2021, 06:16:24 PM
Now coinmarketcap is not in a stable position so it is very difficult to make passive income by investing in any market at this time.  At this time, investing in altcoin to earn income is full of risk.  It doesn't take long for the wheel to turn in whichever moment.  Investing long term in the top coin of Coinmarketcap is completely different.

Previously I thought the bull market would last for a short time but that's different from what I thought, currently the crypto market is still in a stable phase, where many altcoins are increasing like BTC (though not all). and if you want to get passive income, do farming within a certain time / according to your taste, the cost of trading pancakes is very cheap, you can do it there CAKE and AXIE may be suitable. good luck


Title: Re: Passive income
Post by: Sardel on August 12, 2021, 06:30:54 PM
What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.
"Staking is a great way to earn passive income.

Stakenet has developed multiple staking solutions that are accessible to everyone. They could start even for as little as 1 $XSN:
• XSN Cloud Pooled Staking
• Normal Wallet Staking
• Cold Staking(TPoS)


Title: Re: Passive income
Post by: voteformeg on August 12, 2021, 07:07:33 PM
it also depends if you like a little gambling , i tryed to take part in some play to earn projects in an early stage but there are lots of them and you gotta be lucky to be in the flying one , but for sure it can be a good passive income


Title: Re: Passive income
Post by: livingfree on August 12, 2021, 09:40:09 PM
Yeah.

That's the drawback of it but most of the projects that are attaching their new projects to BNB/BSC is mainly because of the popularity of Binance.

And in that case, they don't think or realize its centralized network or they do but just ignores that fact and goes for a quick exposure because of the said network.

They are not caring about it since they wanted to have a quicker exposures of their project, BSC provides low transactions fees which commonly being look by traders and investors.

But likewise, the danger is there since binance already gained power over this industry, the after effect if ever that sudden things happened it will reflect and affect every assets/projects that are now working inside this chain. We also need to consider that before taking our steps picking project to support.
Aside from providing low transaction fees, it seems that when you call it as a BSC project, people will have that confidence. "Yeah, it's on Binance or sort of."

Something like that.

And I think the psychological effect of working with that, they've taken into consideration so many of them chose to do it there.


Title: Re: Passive income
Post by: gustavroy on August 12, 2021, 09:44:23 PM
Passive income from some token staking could be challengy when bear season came. But staking stable coins and mining could be nice idea. but you must take your own risk and choose platforms wisely.


Title: Re: Passive income
Post by: Sihab76 on August 12, 2021, 10:09:35 PM
The most important way of online passive income is bounty campaigns and various campaigns Social media. However, in addition to these, there are many other ways of passive income at present, they are mentioned below.

Staking
Wallet holding staking
Gambling
Betting
Trading


Title: Re: Passive income
Post by: Serco on August 12, 2021, 10:20:42 PM
Passive income from some token staking could be challengy when bear season came. But staking stable coins and mining could be nice idea. but you must take your own risk and choose platforms wisely.
we have to look the project fundamental when decided to stake our coins, dont ever do the same accident like merlinlab case. staking will worthed if we stake good project which is developers team actively build their product. although staking rate small , but if price could maintain or even rise its be our benefits.


Title: Re: Passive income
Post by: nurilham on August 12, 2021, 10:32:24 PM
Now coinmarketcap is not in a stable position so it is very difficult to make passive income by investing in any market at this time.
Honestly, I don't know what you mean.
Do we invest because of the Coinmarketcap position?  ???
For me, Coinmarketcap is only a place to monitor most crypto coins situations. But I never invest in a crypto coin because of the situation or position of Coinmarketcap.

At this time, investing in altcoin to earn income is full of risk.
Every time, investing in altcoins is always full of risk, not only this time. Although it is in Bullrun season, doesn't mean you have no risks to invest. Don't assume the risk only happens in bearish season only. It is totally wrong assumption.



Title: Re: Passive income
Post by: Mahanton on August 12, 2021, 10:47:00 PM
The most important way of online passive income is bounty campaigns and various campaigns Social media. However, in addition to these, there are many other ways of passive income at present, they are mentioned below.

Staking
Wallet holding staking
Gambling
Betting
Trading

Passive income does basically mean that its on idle and wont really be involving any active trades or activity or having simply some work done which means campaigns out there wont really fit out
on the criteria but the thing i do agree upon is about staking neither it would be on gambling house or would be on some non custodial or non-custodial wallets.
Most of the time in talks about passive income then this is most likely i do prefer on investing on real life or physical businesses like rents or something like that.
Im not sayingg crypto investment is bad but i cant really just able to accept the risk behind it.


Title: Re: Passive income
Post by: efxtrader on August 12, 2021, 11:38:53 PM
The most important way of online passive income is bounty campaigns and various campaigns Social media. However, in addition to these, there are many other ways of passive income at present, they are mentioned below.

Staking
Wallet holding staking
Gambling
Betting
Trading


Betting and gambling should not be passive income because they are active for profit. Staking is the most chosen alternative to find passive income because if we plan to hold coins in the long term, we get additional coins from the staking we do and in the midst of many hacking in DeFi, the safest choice is wallet staking because we control our own wallet


Title: Re: Passive income
Post by: livingfree on August 12, 2021, 11:54:52 PM
Now coinmarketcap is not in a stable position so it is very difficult to make passive income by investing in any market at this time. 
Do you mean the coinmarketcap.com?

It doesn't have anything to do with passive income. It only shows the prices of cryptocurrencies and other details regarding the market. Well, if it's the stability of website itself, it's stable on me and works very well.

At this time, investing in altcoin to earn income is full of risk.  It doesn't take long for the wheel to turn in whichever moment.  Investing long term in the top coin of Coinmarketcap is completely different.
In every crypto that we invest in, there's a risk like in bitcoin and ethereum. But I agree to you that in top coins, it's different. The risk is lower than those random altcoins in the market.


Title: Re: Passive income
Post by: Twinkledoe on August 12, 2021, 11:59:10 PM
Now coinmarketcap is not in a stable position so it is very difficult to make passive income by investing in any market at this time.  
Do you mean the coinmarketcap.com?

It doesn't have anything to do with passive income. It only shows the prices of cryptocurrencies and other details regarding the market. Well, if it's the stability of website itself, it's stable on me and works very well.

At this time, investing in altcoin to earn income is full of risk.  It doesn't take long for the wheel to turn in whichever moment.  Investing long term in the top coin of Coinmarketcap is completely different.
In every crypto that we invest in, there's a risk like in bitcoin and ethereum. But I agree to you that in top coins, it's different. The risk is lower than those random altcoins in the market.

Seems that rocky doesn't know what he is saying here??? Or he needs to re-phrase his statement and be more specific what he is trying to convey here.

Anyway, talking about passive income - this is only true for platforms that have active use case with a lot of active users. Without the use case, it would be very hard for the platform to sustain the passive income feature. And they will only end up milking those investors up until they can't get the interest of naive buyers anymore.


Title: Re: Passive income
Post by: pakhitheboss on August 13, 2021, 04:21:36 AM
The most important way of online passive income is bounty campaigns and various campaigns Social media. However, in addition to these, there are many other ways of passive income at present, they are mentioned below.

Staking
Wallet holding staking
Gambling
Betting
Trading


I do not think you can rely 100 percent on the Bounty campaigns. Some of them might be good but most of them fall under the category of scams. Staking can be profitable but you need to have patience and good money to invest. Gambling, Betting and Trading all fall under the category of high-risk investment. You might lose everything in one go and might earn double or triple too.

I would always recommend Affiliate Marketing. Most exchanges provide a good percentage of revenue when you refer someone to them. Start investing your time and money into affiliate marketing to earn a good passive income.