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The lockdown has helped with the growth of cryptomarket in large scale. This too is experienced in my home state capital. Compared to the past the lockdown months have got a massive increase in the usage of cryptocurrencies on trading. It is true to see most of the tech people around the age of 25 getting into cryptocurrency usage. Particularly most are into trading to make some passive earning as tech giants have come up with big pay cut.

Another important reason for the same is the stocks which weren't that supportive to make some passive income. During the lockdown even the stocks crashed, only the cryptocurrency market stood strong. With the lockdown the city has topped third position in terms of cryptocurrency users and trading volume. Probably this widespread could've happened in the global market too.

Source : timesofindia (https://m.timesofindia.com/city/chennai/chennaiites-turn-to-cryptocurrency-for-passive-income/amp_articleshow/78375588.cms)

I don't see much sense in what you say. First of all, cryptos give you passive income if they go up in price and you sell.

Passive income often refers to the dividends you receive from a stock or the rental income you receive from your tenants. In a way, you can say that bitcoin (or stocks that don't pay dividens) give you passive income if they give you capital gains.

And then you say in the second paragraph that stocks weren't supportive to make passive income due to the Coronavirus crisis because they crashed but cryptos crashed as well. So, unless you explain yourself better, what you say no makes sense to me.

Passive income? You mean it helped people over there by holding bitcoin and then getting profits? Lol, no I don't think that happened. And when the price of stocks were dropping, the price of bitcoin and other crypto currencies went down too. It took more than few weeks for the price to recover. And I also don't think trading is a sort of "passive income". You have to be on watch 24/7 to make sure you don't miss out on anything. Make a mistake, and you lose everything.
I would never rely on crypto currencies as a form of earning passive "money". Unless you are planning to hold it for a long term, it is quite risky.

He must have mean the casino projects that provides cryptocurrency passive income to investors. They are open to bankrollers and investors who put their money to be part of the house and there are also crypto casinos that released tokens and token holders receive passive income thru it.

Online casino spiked so much during this pandemic and its presumed that the regular players in the traditional casino are now into cryptocyrrency.

You'll get better understanding going through the source link (https://m.timesofindia.com/city/chennai/chennaiites-turn-to-cryptocurrency-for-passive-income/amp_articleshow/78375588.cms). I mentioned the passive income to be the income apart from the regular day job. Not only through the price increase, but through trading one can make little earning out of the fluctuations.

Capital gains too can be considered as passive income, and I mentioned stocks weren't supportive to make passive income during the lockdown. This is just based on the market falling low, but with cryptocurrency the market falls and recovers fast than the stocks. This makes easy way for an earning than stocks.

I am not sure what you are trying to prove but here's my take on it!

Cryptocurrency can't provide you with income unless your are staking coins or actively trading it. Now when you are trading it, then you can't call it passive income however, it can be called passive income only if you are staking it. Yes, people are making big bucks from cryptocurrency trading obviously but that doesn't put the traditional stock market out of perspective.

Instead, when the stock market crashed, it has given an immense opportunity to enter the market. I personally have purchased a lot of shares of some FMCG companies which has shown strong future potential along with Yes Bank. I entered into Yes Bank at 8 during its bad times and now I am making around 100% profit. Cryptocurrency is definitely providing good opportunities to the people associated with it, but if you turn a blind eye from traditional markets, you are only loosing opportunities!

Well, the day stocks fell very hard was the same period of time when Bitcoin got dumped heavily so I wouldn't call it "standing strong". Stocks and crypto sometimes go in parallel, while other times move completely different. In time, crypto markets will likely choose something to follow between commodities and stocks.

For passive income.. well, it's a very big hit-or-miss situation unlike other ways of earning a passive income. Crypto volatility could turn your 3-months-straight profit into a 6-months overall loss, pushing you even farther than when you started. Those who've bought Bitcoin between $10k and $20k few years ago are still on a loss today, unless they've until now lowered the average price they paid for BTC.

Apparently, there's a couple of ways to earn passive income in crypto whether you do so with tokens or you opt to do it using stablecoins. Also,  there's a new trend right now that also allows users to earn passive income called "yield farming" thanks to DeFi platforms.  Despite the risks involved, I've seen most crypto users who have actually earned from them.  For instance, majority of the people who participated in the recent UNI airdrop by Uniswap have been involved with DeFi, one way or another.

Places to earn passive income in crypto:

1. Binance Savings, Crypto.com earn, Nexo and Blockfi: These are standard platforms that offers interests for holding cryptos (Bitcoin and altcoins) on their platforms.

2. DeFi - It has been the trend for the last couple of months. Users can participate actively via yield farming or liquidity mining.

3. Staking: This is self-explanatory, you get to earn some rewards for holding tokens for a period of time. Best suited for long term investors.

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Compared to stocks, I think crypto has more incentive to offer.

I don't really call your profit on trading as passive income because you worked for it you done something to attain it,
Unlike in other passive income where you would just sit and watch your money grow trading doesn't work that way.
We could consider crypto for passive income if you are staking it or investing it on a bankroll just like what other have mention but if you are working to make it grow then I don't really consider it as passive income.
I think you mistaken passive income as an extra income base on your definition.

The article doesn't really say something about how the people from Chennai who signed up to CoinSwitch Kuber earned passive income, all they article said is that they register and that it.  I like to earn passive income just by registering, however that may seem.

But its true that yield farming and liquidity mining seem to have provided great profit since the start of Uniswap.

Old people are too scared to try things like this , things that seem too good to be true and at the same time is volatile , this would have worked but now we are in a state of recession and no one knows for how long the banks are going to be there.
At some places the bank might already be in a state where they Can't promise anything for the investors. This bitcoins and cryptocurrencies are something that they might have to learn sooner or later. We have to work on expanding the age group.

Honestly people involved in the stock market do see this as an opportunity to invest since after the pandemic is gone they might see good gains.

It's the middle class people who are so worried about the market crashing , therefore they are moving onto cryptocurrencies.


Not only that , but there are services being offered by the companies where you can lend your bitcoins , so the giants are also using them as a passive income.

But trading cannot be categorized as passive income. ( A lot of work and skills are involved and one cannot just forget that )

Passive income is :
Lending
Holding
Getting gains from investment etc..

Passive income apart from regular day job? it is very uncertain for anyone to have an income with crypto by just merely investing, prices are very volatile, one day you're greenish another day your red. So would it count as income at all? especially when you're not actively checking on it? There is the stigma for most of the people about crypto, they think it's all about earning money passively just by putting their money into it.  ::)

Whats been said in the post isn't about paasive income. It is all about earning out of cryptocurrency trading. Better change the thread title which might end up with the controversy on passive income. Also you could've understood what is truly a passive income out of the discussions.

Almost in every post rather than discussion it is briefed about the meaning of passive income. Taking the same into consideration I've changed the thread title. I just wanted to show the growth/widening of cryptomarket in my City. In a third world country where government isn't supporting cryptocurrency, an increase in usage is the true result of growth.

A trader that is doing good with his strategy and having good profit will not see trading as passive. Trading is a high level profit oriented business if you can understand it. So a regard of it as passive is not approximate is what I think.

Stock investment is not bad in my opinion I have a friend who invested a lot of stock especially when the stock market goes down in the pandemic and he said his earning a good amount investing in it until today. For me, the cryptocurrency is just for investment and not actually for the digital currency used. Trading cryptocurrency earns me a good amount of profit until today and I think its the best way to earn in crypto compared to other methods depending on the volume you are investing in trading the profit is just high.

Do you mean your country is not crypto-friendly? How about the legality of it?

Do services related to crypto there is legit?

Strict regulations to crypto in your country might affect your future dealing with crypto. In other words, others might not shift into crypto-trading due to restrictions and legal concerns.

^ Lockdown was probably the reason people getting in touch with the internet and I think most of them know how to trade if they know what is crypto. But as a new user of crypto, it is impossible to make a profit on it because doing trading will required skills and knowledge throughout on it and the passive income will probably unclear idea that people will succeed in it. Nevertheless, this opportunity makes bitcoin have to be well known, being profitable has become widespread that everyone who wants to take advantage of it.

Publicly unpopular lockdowns could undermine faith and confidence in governments minting fiat currency. Which in turn could compel investors to withdraw money from fiat holdings in stock markets. Investing funds long term in gold or crypto markets instead. Crypto based markets which could be considered better protected against inflation and state based mismanagement. These trends in sufficient volume could contribute to declines in fiat market valuation and gains in crypto market cap.

I would guess bitcoin and crypto are on the rise. Especially in countries where bank withdrawal limits and assorted restrictions are implemented.

IMHO. It's other way.

Most are into holding and investing rather than trading. I myself was a trader before but I've seen no best result for me so I've decided to remain a holder just like others and just keep investing.

Trading could be classified as a passive income but I see it more as an active income as you need to work on it. And that's not an easy income, the dividends that some altcoins offer just for holding them is much more passive income.

Lockdown had really opened up a lot of opportunities for many people to delve into cryptos related stuffs,  I believed staying at home had brought about the needed change in how many people viewed cryptocurrencies perhaps digging dip to learn more thus change their perspective or views of some people equating cryptos as scam.
While many had started viewing cryptos as way of earning decent income if properly utilized, by trading it or simply by hodling it for a period of time to make profits no wonder a lot of crypto projects had began to spring up lately e.g DeFis gambling sites e.t.c, I hope the tend continue to linger on for a long time.

The existence of the covid epidemic and making many countries lockdown, has a very big impact on economic growth. However, Crypto is able to prove that crypto can survive amid a pandemic. Because of this, many people become more and more convinced about crypto, and eventually join and invest in crypto.

Passive income cryptocurrency is a game. Take a look at YFI, when the project's tokens are fully mined, they will leave and look for another project. Kimchi, sushi, hotdog ... all follow the above rule, short term profit comes first. Those who join first will benefit first and exit early, those who come late will lose money because of discounts or selling. We need to accept the truth, I don't mean Ponzi, that's what's happening.

Hope that lockdown won't last long. Yet, there are still some good chances for trading.

Cryptocurrency becomes more popular because of this pandemic, most of the people become temporarily unemployed and for them to still make money they can try cryptocurrency to have extra income or source of your income, just like me, it makes me more focused on cryptocurrency when this pandemic started, it really gives me time to be more active in this forum.

Even though the stocks are not crashed, I will still choose crypto because it has a good and safe transaction, as well as the earnings.

Certainly, the people are making an investment with the use of cryptocurrency because they know how volatile this market, and many some point there is a lot of investments and investors encourage them to make a trade on different coins.

Of course, different coins have different volatility.
In cryptocurrency, we have the
Stable coin
Volatile coins

The stable coins sometimes this is usually used with the people who want to keep their coins at the same price as the USDT.

The volatile coins are the coin that is commonly used for trading because they can possibly make an earning with the uptrend and downtrend movement.

Unlike the fiat currency, the cryptocurrency are one of the volatile markets.

People focusing on trading as a purpose of Bitcoin is not necessarily a good thing. It's better than no new adoption, of course, but IMO worse than if people used it more as money, just like it was supposed to be used. Moreover, what I marked in bold is probably an overstatement for a simple reason: there would be way more Bitcoin wallets and Bitcoin users than there are right now. We're still a tiny minority, after all the media coverage and public support of some famous people. It's important to remember that here, on Bitcointalk, we're actually in a small bubble. And our friends are also not representative of the society.

It's not easy to trade specially if you don't have knowledge about it but, Cryptocurrency become a method use by many people to earn during lockdowns. This pandemic made way for more people to know and learn about it. It become a source of income during hard times of pandemic.  And hoping that it will continue to attract users and investors even after this covid 19.

Trading cryptocurrency is not just earning profit because for me it was also entertaining especially during lockdowns. That's why I'm not even surprised why many people engage in trading while stay at home because of pandemic.

I think what he meant was these pandemic helps cryptocurrency be known by more individuals. Additional percentage of crypto trading were achieved and more people considered trading as one of the passive income that they shall rely on which is actually wrong thinking.

Actually, some who were affected by this situation turned their attention and adopt crypto trading as a job at home. But it's not easy and it's not always the winning trading. And, we can not consider it as a passive income.

as for me, defi tokens are very promising for trading. I have a good experience to trade with UNI token, and now cheking other defi-s

This can be known as maybe an advantage that the covid-19 brought to the cryptocurrency. The experience that it has made the cryptocurrency more useful to people this time for payment transaction.

Lockdown has helped many people learn something new, including cryptocurrency. I don't think people will come to crypto just because of the lockdown, but most of them come because of friends' calls, getting information in the media and so on. About the increase in crypto prices during the lockdown I think as the reason for the collapse of the stock market and some stock investor turned to crypto and started investing there. When a lot of fresh money enters the crypto market, the high demand will drive the price up.

In this condition, investor will naturally consider crypto as their investment instrument and benefit from it. The more large investors who believe in crypto (especially bitcoin), the better. I am not active as a trader at the moment because my capital is not good enough, but we can still take advantage of the fluctuations to get a little profit.

agree, uni is one of the best for trading now. but what's the best platform for its trading for you ?

On another hand, crypto doesn't give you a passive income too on the lockdown period. It's like seeing your portfolio rises in the usual and common days.

Don't also treat this trading as passive income. You have to work for it properly to earn.

And didn't you know that the majority of stocks crash is a good opportunity for those who want to get in? It's a good time to put money on those as we might don't see it happening again unless there's a pandemic virus 3.0 again that will contain the world.

In a situation like now, where all countries are experiencing an economic crisis. We all need a solution in order to make money,
and I think crypto trading is a great way to be able to make money in a situation like now. After all, crypto trading doesn't require
a lot of capital to get started. So I believe everyone can trade crypto. As we all know that many countries have implemented a lockdown,
making us have to work from home. This makes us have to think creatively to be able to make money from home. And usually the best
solution is to use an internet connection, and crypto is the solution. We can trade using cryptocurrency to make money.

You make a point cause crypto trading can be use as another option to make passive or alternative income at the comfort of home suring this economic crisis but to say it right cryptocurrency (Bitcoin) itself was introduced as an alternative currency to make people to be financial freedom during economic meltdown not only crypto trading. However, crypto trading cant be the best option for native traders.

There is no denying that during this pandemic and in a situation of lockdown there has been an increase in the number of cryptocurrency users and what I experienced in the location where I live a lot of people around are involved in cryptocurrency and they are still new, this is why Cryptocurrency can help alleviate or meet their needs during a pandemic in many ways.
and there are some who do short-term or daily trading and some work or open services or participate in any way to make money from cryptocurrencies, and in my opinion what they do is based on prior knowledge and understanding because in a pandemic situation they will do that carefully.

I concur with you. There's zero chance of placing your all-cash into stock. I lose heaps of cash by putting resources into stock it can never be considered a pas.
Stocks got smashed much time during the lockdown and loads of individuals lost their cash as well.
The majority of them move to bitcoins exchange and that is the motivation behind why the crypto market get the enormous scope

in the way I do to survive now is trading and getting profit in it, seeing the lockdown that hasn't ended in my country, they ask to work at home, at least I can be a crypto trader while working at home, even though I know it has risks. big in it, there is no other way to get money from home other than being a trader

It could be a passive income for those who are jobless at this time but certainly not a thing we should have to depend on after all. The risk that we've been in crypto trading is really high, people never know this exactly. Maybe they are of good this time but I'm not sure how it deals when the market dumps ( I was to give-up).
We have to consider crypto now as another source of income but not a thing we think this for a lifetime course. We need to find a secure investment.

the truth is this is the best moment to enter cryptocurrency as a trader, with the current pandemic conditions it will make several countries into a recession and this will be bad if it continues but this will not have much effect on a cryptocurrency trader, stocks.
and the thing to remember is that no asset is safe with the exception of property

Cryptocurrency can also be for lifetime investment. Investing in crypto is not only just hodling it but if someone has no job and wants to build investment in cryptocurrency, you can learn other aspect too like by trading. Trading can give daily returns that can support the family while having some coins as longtime investment. Some people do stock and shares businesses and are living with it.

You know, it is during the lock down saga that a lot of people were able to take their time to Reason on getting more sources of income,some out of boredom, some out of frustration of paused salary or wages, some after losing their jobs among others,The economy of the world at lockdown was not encouraging, enough though varying according to different countries. So those who never had time for crypto stood up to it.

When you have no job then definitely you will go for it until you get back to your job and in this case once you learned about trading then you can do both simultaneously and make money from both of them.Crypto trading is not a safe job but its worth to take the risk when someone really wanted to make money and ready to put the effort for it.

I did not understand very well what I say but remember that there are cryptocurrencies in which you can invest and generate profit through mining and masternodes

The moment that this pandemic will be over these new traders will make an exit story by then. They find other sources that have a lower risk than this. It just the lockdown pushing them to engage online but I'm not sure how consistent they are to themselves to limit especially when the dumps strike back again. I'm afraid they will lose everything that they have started.

Well, if have a passion for trading and have exemplary knowledge in this field, I'd rather have to make myself fully engage in this. Yeah, trading is risky but we can't deny that we can make huge money from this if we can manage our trade perfectly or at least.

The world is really moving into digital, mostly buying and selling, which we called as trading, hence the cryptocurrency exchange has made it easier to trade from any country in the world, with any cryptocurrency pairs that's tradable in the market. Which during lockdown has opened many people eyes about the market.

Just one particular thing I wish to invest in. Suppose you're relatively new in investing then holding must be best thought ever. To be honest trading is somewhat extremely difficult job in order to get daily returns until you have complete information. Anybody show their interest on investing, however have the capacity pull out your cash on schedule and not take a loss.

I agree with you.  Many people have invested in cryptocurrencies in this lockdown.  Many people have lost their jobs because of the lockdown so they have opted for cryptocurrency as an alternative to read their daily needs.  This has happened not only in your city but in almost all the cities of the world.  Many have started trading to make up for the cut.  Because passive income is very important for a person during this lockdown.  Needless to say, the only cryptocurrency market was strong during this lockdown.

Even without the lockdown the market has been gaining recognition. Although I still think that some newbies are not understanding it. They are expecting steady income, but Bitcoin doesn’t work that way, it takes a level of patience, since the market fluctuates all the time, so there are times you will experience loss. It’s just like a circle, and it keeps going that round.

I have seen some noobs in this forum that asks questions like 'when will the price go up, what’s the date?’ and the questions like that. We should make them understand that the main reason cryptocurrency was created is to be a peer-to-peer payment method. Although no one can really predict the market, I believe that it will be going up from here.

If this pandemic can help cryptocurrency grow, that will be good news for us because that can attract more people to use cryptocurrency. If they know that cryptocurrency can be for trading, they will try to use it to make money from trading. But I hope that they can learn about trading before starting to have the basic lesson on trade. If they can learn before the trade, they will have a chance to make money, and if they can make money, they will have an income from trading.

As what I think everyone knows, cryptocurrencies can be traded on different exchanges. That reason also means that it has some value. Means you can convert them to fiat currencies of your choice. However, most crypto projects these days fails to attain the things that they promised

Not all can be successful and get some income from trading. Trading cryptocurrencies is not easy as you think.

Trading is not a passive income because that is very risky and you should still observe the market time by time, You will lose your money if you considered trading a passive income, it seems like you still need good knowledge about how to trade. This lockdown makes many people focused on cryptocurrency because of being jobless but we should still be careful about investing and trading in crypto especially if we don't have enough knowledge about it.

Staking will still be the best passive income for me on which you are just only need to hold funds on your trusted wallet to support the blockchain security an you will be rewarded.

We can't judge about this and everyone thinks and makes money in different way. But, I would not use the cryptocurrencies and specially altcoins for trading because the market is still way too young and very vulnerable to any fundamental news or events and ama. That's why I would prefer cryptocurrencies for investing in long term after doing some research about the project.
Also, about the passive income you can using the stacking feature of some coins. For example, Tron is the coin you can stack in long term and take a semi passive income from it. But, generally there is nothing as "passive income" in cryptocurrencies and everyone who ever gave you a promise about it smells fishy.

Actually, not just cryptocurrency are being noticed by the young people during this pandemic. Trading in many different aspects are also what other people concern. They trade from Gold, silver, oil to forex, futures commodity. Despite of the high risk, trading provides us a vast number of opportunities of making money without being controlled by anyone.

Actually, you can both buy and sell stocks. Many trading platforms provide this features already. The number of stock trader is still high in general. We are moving to the 4.0 digital era and thats will definitely enhance the capability of making money both online and offline

There are a lot of newbies today are wanting to make a large earner with the use of trading but the problem is they don't want to take the essential on trading because they want the most and easiest way to earn with this but the problem is they spend a lot of time and money by just having too much mistake.

For me trading still is the best than way to earn than staking, this is for people who use the market volatility.
In staking they are just holding their coin without earning.

During the pandemic i so much impact many bitcoin users who don't know how to trade their coins and make a massive profit in the trading market. Those that saw me during the pandemic the way me and my families where growing our business without the support of government and the way I was making more money from the business,that make many people to need our help how to make massive profit in crypto market .
I really impact so many people who are ready to know how crypto market work,during the lockdown that make many to have interest in cryptocurrency trade in the market. Many are doing well right now in crypto trade.

I really appreciate people got into crypto trading during this pandemic. It can't be said that this is the best opportunity for everyone because of its high-risk, many can't take it and hardly manage themselves in trading which putting their money to possibly lose than profiting.

If we are about to choose to trade, better to prepare ourselves for the worse. If we can handle this thing, a chance for us to win. It can't be easy as many think, that is why we should take this seriously and put in some effort.

Many of them are losing money in trading because they don't learn deeper about trading.
They think that trading is one way to make a lot of money in the short term, but that is not so simple.
Many things that they need to do before they can make a lot of money from trading.
They need to have time and patient to be successful people in trading or pro trader.
If they can realize that the way to be a pro trader will not easy, they will think twice to pass that way, and they will not make a rush action in trading.

People are very bored and looking for money during the lockdown. So it makes sense and is understandable that there is so much trading going on. It is a good thing. At least crypto is still going strong while many other industries are still not back to work and hardly anyone is at full force because of the risks so earning from home has become the way to go.

I will not prohibit people from trading crypto for the purpose of earning a source of income, especially looking for a job in the real world
with a situation like now is very difficult. But it must be remembered, crypto trading is not as easy as we imagine. Not everyone can
successfully profit from crypto trading, in fact, there are many who experience losses when trading crypto. Because indeed crypto trading is
a high-risk activity, so it requires knowledge and ability to succeed in crypto trading. My advice for newbies in the world of crypto trading,
should hold Bitcoin much safer to do.

Its true that stock market crashed during lockdown but crypto market also experience such crash, the first quarter of this year and thats the time investors are panic selling. However crypto market managed to climb up again after few months and that might be because of new people engaging themselves in crypto hoping to earn while at home.

But we need to understand that crypto is not different to other field of investment it has risk and you cant generate passive income unless the market is in bullish status or you plan to hold for long period and sell in acceptable price.

Yes, you are right. We can only make money from trading if we have skills, but that will not guarantee to us to make money because there is many other that we need to learn to be a successful person in trading. And if we can trade crypto in the recommended exchanges, we can avoid the worst thing.


Cryptocurrency can be the right place to earn money, but unfortunately, not many people see this as a new opportunity. People out there still prefer to search for offline jobs because trading is challenging jobs, and they think that trading is not for them. Maybe people need to have a passion before digging deeper into cryptocurrency because they can use the crypto as their investment in the long term.

For people who are not tired in finding ways to continue living and surviving from this pandemic, this venue of investment is one of the places where they found chance and opportunities.

You have to give credits to all crypto peps who are still encouraging people to seek for good ways, instead of giving up there's still venue where you can still get something decent if you focus learning the process.

And that is a good thing with the crypto market. It is decentralized. The value was based on demand and supply, unlike the stock market. And because of lockdown this really hit hard the stock market due to those companies who have no choice but to halt for the meantime. On the other hand, Crypto gained investors because there's a possibility that stock investors move on this market.

The lockdown that have been brought as the result of the pandemic do really take up an impact on both crypto and stock market. If we could remember, by the month of March when the wide spread of the virus have been all over the news, the price of cryptocurrencies all dropped down over night which means there is also an effect on the crypto market somehow for it took weeks or month before it have recovered. But on the other hand, stock market from the first up until now experiences the direct negative impact of the pandemic crashing the stocks pushing people to find alternatives which they seek to find cryptocurrencies due to belief that it can save their assets from continuous crashing in the stock market.

Earning profit in crypto is not really that passive for you must work into something to make yourself profitable. You do still need to exert time, effort and patience to be able to earn your income in here which is basically not a passive one. Doing nothing will not guarantee you to earn income but working into something will do.

Common mistake by some people is that they do really believe that Crypto is a safe haven when it comes to their investment without even knowing or realizing on whats the risk behind it.When it comes on comparing with other markets then its clear as day on what are the differences and also about volatility or sentiment effects then we cant point out if this pandemic did really make affect in crypto or not but it seems on my part it didnt
really give out much serious impact.Yes, we did plunged but not really too deep since the price had clinged up and recovered in a short span of time on where on stocks and forex which opposite things do happen
or do still remain.Trading does mean on actively get engage with moving prices and it is indeed needing some effort and time for you to sustain somehow.

Cryptocurrency trading is for them who knows about it. In short, people thought that trading is a very easy task and he or she will improve but they can not improve later. Because maximum don't have the proper knowledge about it and they can not research the market data. Without knowing you can't do much better in this field. So if you want to make a profit from trading, you must know. It is not a passive income rather than you have to give time and you should continuously check the market data.

When work in the real world became more difficult due to the effects of the pandemic, some of my friends and family came and wanted to learn about crypto and trading. I said that the crypto world is also experiencing difficulties, many unexpected things can mess up the market, if you are not ready for all the risks you will lose a lot of funds. Moreover, the goal is to get money quickly and instantaneously to meet needs, I think it is better for the existing capital to be used for other businesses that are already mastered and understood, rather than being determined to join the crypto world.

Hello, good morning friend, well if cryptocurrencies offer a lot of benefits first with fluctuations in the market, that is, if you buy, let's say, TRX at 0.1USD and then save it and sell it when it has a value of 0.3USD, you made a profit, now there is other cryptocurrencies that earn you interest through POS mining so there are many ways to generate income, regards

I think with the lockdown of people turning to cryptocurrency and making a lot of money, they think by trading cryptocurrency they will easily earn money in this pandemic era.

i don't think that lockdown impacted on cryptotrading a lot... on crypto market in general yes, but trading strategies/issues are still the same and actual... just defi investment have grown a lot

lockdown has a big effect on the volume of a rapidly growing market, trading strategies are different views it is the decision of each individual and also does not relate to the effects of lockdowns
During the lockdown, of course, many people are looking for additional income to meet their needs, one way is to enter cryptocurrency and make an increase in volume

crypto trading and crypto market are the same and crypto trading consumed the most part of cryptocurrency . lockdown leads people to stay at home with no jobs and they look for it online and if the lucky they will get interested on crypto specifically in trading because trading  is the most profitable act here in crypto . Trading strats can varry and won't be the same if the trader will keep on learning . Defi is growing but that would be risky if they go for it although trading is also risky but it's the effort that matters here  .

My sincere greetings and congratulations to all, we all know the current situation in the world is bad. Corona has affected all sectors, the world economy is not much better. All of us who work on crypto currency platforms and are involved are aware of the current market situation.

However, today I will give you some information about the current state of the crypto currency market; this is my personal opinion from my experience.
The state of the crypto marketer is increasing day by day with huge amount of money being transacted. Because at this time people can only say that there is no income, so everyone has entered the crypto market for income, as well as its use in the crypto market has increased many times. Because everyone wants to make income, so now everyone has chosen the crypto market to make income online from home.

Currently cryptocurrency is in the third position in terms of users and business volume this expansion can probably build in the world market. And at the same time, the use of big platforms like Bitcoin Forum and Intense Market has increased thousands of times. I hope that the use of all platforms will continue in the future as well.

The way cryptocurrency usage is growing I think at some point everyone will give the cryptocurrency market the highest priority.
At the same time most of our platforms are helping us all with many kinds of services, information and facilities like sites like Bitcoin Forum. Really a shining star for our lives because everything we get is the right information through these forums so thanks to these platforms.

looks like reliable opinion. i can recommend u to check xsigma stablecoin dex - just launched, backed by a public company, so should be interesting for u

It is not running based upon your definition of passive income. For every rule, there is always an exception. Maybe, you think that when passive income it automatically your profits receive even you won't work. In this pandemic, many people lost their jobs. They can't anymore afford to buy foods and rent their homes for a few months. In my country, the government imposed a new rule that rental homes will not force tenants to pay rents. So how they will get income? As a landlord, it is also unethical and less empathy when you will force your tenants to pay rent even in this pandemic. You are a rude, if you are like that.

It is true that pandemic has an effect on the market but that also makes every people and even the investors invest on the market because their field jobs are not allowed so they are trying to still make their own money by investing in crypto, and also because of that, some people without knowledge are trying to invest in cryptocurrency without really gaining important information needed, that is why they are being scammed by other people or project and simplifying that cryptocurrency itself is a scam, which we all know that it is not true. Knowledge and understanding are important to gain profit. Be more aware and well-informed since this is digital money and doing some transaction online, once you have sent it, there's no turning back.

true, covid 19 has a huge effect on the world economy. of course the economy is in deficit. many active workers were laid off. so no income. but cryptos are helping a lot to restore their economy. from crypto, most of the workers get their income back. and can live life quietly even at home. so also in my country. especially in city. I personally don't panic too much during lockdown. because I can earn from crypto at home. so keep everyone safe. Crypto is especially helpful during a pandemic.

First, let's first equate the meaning of passive income.

taken from Passive Income Vs. Active Income (A Beginner’s Guide) (https://bethebudget.com/passive-income-vs-active-income/)

If the crypto is used for trading, doesn't that mean that we still have some effort to get involved in it? And that can't be said as passive income, can it? This is more about active income.
On the other hand, if we make cryptocurrency assets for long-term investment, maybe we can consider it as passive income. because we only put our funds and we may not need to try too much to get involved. just monitor it and see how our portfolio is.

So, how about this?

I also believe that interest in cryptocurrencies has grown significantly during the pandemic. because of that, many new people have entered this crypto world. Like the people around me, some of them have started learning to trade and investing in basics first. This is good. but it also needs attention for beginners to be careful when they want to trade in cryptocurrency.

Cryptocurrency is very strong and increasingly expensive because here the enthusiasts and buyers of cryptocurrency are more and more widespread in various countries and this gives a boost to the value of cryptocurrency to be better known and many rich people invest in cryptocurrency making prices more expensive and tend to be stable compared to this moving stock. which makes us believe in safe investment

When you trade I think the risk will always be there and you have to be brave enough to face that risk because that's the only way you can get profit from trading.

I agree. Passive income means you're gaining profits without doing anything at all. Trading in cryptocurrency should be called Active income, especially day trading. Also, engaging in trading doesn't mean you're going to earn automatically, it requires a lot of efforts in analyzing stuff like market charts, price movements and so on which is called Traditional analysis if I'm not mistaken.