Bitcoin Forum

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

Trading is the best for me as I have many coins to trade that can give me profit. I can use daily trade or other methods to make a profit and this year gives me a chance to make a profit. I like staking but I do not expect it to provide me with a big profit in the short term and I consider using it for a long term investment. But staking is a good way to make passive income, while trading can be our way of living by earning money. But all of that, you will have a risk by using trading and staking to make money and you should accept the risk.

there are some people who do it by holding coins while others do trading, depending on how they hone their skills and their knowledge will produce, sometimes they become miners

I have been trying all of them except masternode as it's very expensive to be owned right now only for the top masternode coin. I don't mind the masternode coin other than top masternode coin.
How much income that you can earn it from those ways totally depend on the various aspects.
Im still running schoolarships for NFT PTE game like axie infinity and I can earn a few thousand dollars in a month. If you're also staking a lot of amounts of money and then you can expect a big return as well.
There are some considerations we must take it before trying to determine how much money that we can earn it from the passive income from the altcoins.

Staking, Playing NFT game, or even farming have various things to be considered

I'm more into trading than staking and farming,
the reason I prefer to trade is because I have coins from bounties and airdrops, and rarely invest with personal money.
but some say staking is less risky than farming I have never tried it maybe I will try staking and farming in the future and I will return to give an opinion on these 2 things

Are you looking for fiat or for crypto earnings? These two are different, so look for what suits best for you. In my case, the answer is staking for crypto & trading for fiat. If you need passive USD income, trading probably works better as long as you're a good trader. If you only care about multiplying your ETH or other alts, staking is probably better and the safest bet.

Personally, I'd come in crypto for I think I can easily make good money in here. Well, that actually amazing but the truth is that you can simply think and consider this as a passive income especially for altcoins. If you are in this market, there is no easy money that exists, people are just too optimistic saying those words but in reality, that was far different.

I'm not saying I was experiencing the worse in the days in crypto as I was still making some money but being said we become instant rich? I'm not going to lie, we only have a little chance to reach that level, unless if you are already rich in real life.

Masternode, Yield Farming and staking are good options because you just have to wait for your crypto to proliferate without any effort after that.
Forms like trading or investing in NFT are also ways, but you will have to be proactive to change the direction of your trade-in favor.
In general, the above ways are good and must use a lot of knowledge to control them in the best way.

I will go with Trading, as if you have some knowledge and can get the majority of your trades correct, daily basis irrespective how the markets move you will keep making some money. That's is what we require to have continuous cashflow.

Hodl is my choice but I don't see that list there, I choose Farming and staking because I have less time to trade like scalping.
Patience and experience are required when choosing coins, because if we choose the wrong coin, then it can cost us, choosing a top altcoin for farming or with a high APR is a good choice, because at the moment I do both and get profit.

For me, Staking works the best. I have tried trading in the short term but it didn't work out very well.
I have tried NFTs too but most of the times I am never able to mint it. The ones I have got has given me decent profits in the short term though.

Staking is the best for me since it is giving me passive income to hold my coins for a long term.
The price of the coin increases in the long term while giving additional coins recurrently in the short term.
So it feels like a win win situation.

Well, staking kinda is risky as if the value of the coin starts falling after your staking, then you may find it difficult to get back your initial investment.

I have no idea about masternode and nft.
But trading is the best way to make money if you have skills in it

I'll just go with the long-term trade like holding. It depends obviously to some coins though. Obviously from that amount of knowledge you have for the ways of earning, you know that not all coins are worth the hold.
NFT is still hot these days, like playing games and stuff. Axie is still pretty hot around here in my country and it never ends still. I am not with those hypes though.

Trading isn't be best because there are good days and bad days where you will be fucked up mentally, if you trade on such days you will lose money easily, why is no one talking about crypto mining? I started with 3000$ in February 2021 and I've made back my ROI already now it's all free money

I saw here many of you suggest trading as potential passive income. is there any new way of trading here or did I miss something?
if I understand the passive mode of income well, there is no need for any action on investment except monitoring. trading, however, requires some action on the part of the user.

Holding and currently, playing an NFT game and the game has been played to earn features. I guess everyone is aware of those play-to-earn NFT games.
The biggest gain that I've made is about holding bitcoin, nothing beats that avenue trust me and others will also say the same thing if you're not a fan of bitcoin nor a holder of it. That is why we keep telling people that they should help themselves by buying and holding it.

you haven't missed anything. just that trading should not be categorised under passive income, because it should not be. because if you don't do your trading, you will not get your profit and that also depends on your trading skills. the op should remove this category on his list though.

anyway, before, i gained a lot by staking some coins. but if you only got lucky. nowadays, it is hard to find staking coins that will be worth spending your time and resources. a lot are now into P2E games, which is obviously the current hype.

among the list i chose staking because to me this one suits the name of passive income while the others are i think created for selling at one time like for example the nft in your list  ,
 trading can be one of it too but when you stake you didnt sell out your funds but it only makes your coins more bigger .
 other than staking , holding cryptos can be suited for the term passive income but you havent include it in your list m

It all depends on your experience and skills. To earn income from crypto sometimes people's paths vary. In this case I am more comfortable in trading and short-term investments to make profit in crypto. The reason is because in trading I've been up and down to make a profit. So my experience in trading becomes a reference compared to stalking or yield farming and whatever op has mentioned above.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Pool: Prophet

Ticker: XPPX

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

https://youtu.be/zgbauu4ifWA

https://pool.vet/#Xppx

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

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

https://pool.pm/stake1uyy93axth2t74fjp2jucg9axxr9un9kzty986t8dsnwlhyg77l4rv

https://www.twitter.com/xPR0PH3Tx

[XPPX] 💚 Stake Increased

+105 ADA

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

💁‍♀️ More info: ADApools.org/XPPX

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

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

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

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

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

Personally I am in favour of yeild farming and staking. I used to earn there 100% in a week, but unfortunately trends have changed so the most profitable thing now is investing in NFT-projects. Especially in NFT-gaming. Moreover, it is difficult to guess if your investment in NFT art will be successful. Nevertheless, if you enter the game at an early stage, you are more likely to return your investment.

Trading is a good one to do, I have been doing trade for long and it has been working really well for me. Apart from trading I also Hodl, that’s what I mostly what I do because I don’t get the chance to be trading all the time. There are lots of other ways you can earn with altcoins and some people stake their coins, but I am not into that one because I am not really interested, haven’t seen anything that will interest me to do that, so I just look for something else to do instead of that. Maybe I will try it someday, but for now it doesn’t interest me.

Trading in my opinion is currently the most profitable job. To be able to meet daily needs, short-term trading is very satisfying. It only takes some time in a matter of hours by using analytical skills, already getting a profit of 30% of the capital. But don't be greedy.

In my experience, Trading is the most rewarding one for me.
I made an table to find the fields which rewarded me the most in last one years. That included Staking, Yield farming and Trading (bot).
The most I earned and retained was through Trading (bot). Staking are stable but has lower rates and the profit depends on the price of staking token. Yield farming  are high earners but they are difficult to track, maintain and compound. Some of my yield were just lost due to wrong investment yet the overall result were on par with Trading (bot) which is much saer and less painful way to earn.

For me, only Hodl is the best passive income generator for altcoin, even bitcoin.  A few other methods are trading but this is active, not passive.  In addition, Staking/farming is just an additional form, extending the benefits in a different way to Hodl but it is not entirely passive.

Holding is not a passive income, crypto price is unstable and changes in price every now and then, it is good if it alway high but there are drops that happen. Staking can be but we must be careful on where to stake our money. There is no really passive income unless we are consistent in trading with a a good coins. Now playing xie or alike games can be a help to hopefully it will last long.

so far there have been many innovations in crypto. it seems that currently always giving me profit compared to Defi / ICO is NFT games / play to earn games. so far it is . but I also can not recommend to anyone about . because there are risks too. and its back again to concept DYOR.

Within this scope, I feel that there are two biggest ways to generate passive income from cryptocurrencies, and I also use them and see other people using them.
the first is trading. although the risk is big, but I think we can control that risk by creating a safe zone when we trade, whether it's in the short term or long term. however, I do most of the long term trades. waiting for the right time always gives a very good profit.
The second is staking. the origin is very easy, it's because we don't need to do anything, and nowadays this method is very popular. however, we just need to keep the coins or tokens we have to earn interest from it. it's just that, from every passive income, there is a risk. well, I trade most of the time, and hold it.

Indeed, it often happens that the number of coins in the wallet increases, and the value of the asset in dollar terms decreases. This most often happens with new coins. And very often it can be identified as a scam, when a team issues a new coin and deliberately devalues it.

However, marking is a decent method to make easy revenue, while exchanging can be our method of living by bringing in cash. However, the entirety of that, you will have a danger by utilizing exchanging and marking to bring in cash and you ought to acknowledge the danger. These two are unique, so search for what suits best for you. For my situation, the appropriate response is marking for crypto and exchanging for fiat. On the off chance that you need detached USD pay, exchanging presumably works better insofar as you're a decent broker.

I agree with you, but most people are impatient to wait, so most of them lose, which is the best way that most winners do. But I don't recommend this for obscure tokens, I'm mostly holding trading on old coins. It takes in-depth analysis if you do it on new tokens, most people will do scalping if you play on new tokens, not even a few do hit and run.
Actually, I'm still curious, is trading in the passive income category? because it seems we have to do a lot of things when trading, analyzing candles, checking price movements, looking at volume, diligently searching and following the news, plus we have to linger in front of the screen.

I don't have that much free time to deal with daily trading. Therefore, I prefer to buy a poplar coin and hold it for a long time. Perhaps my choice will be correct and I will be lucky.

All of those forms of making passive money with altcoins come down to simply holding, if you stake your coins for example then you need to hold those altcoins in order to receive the profits that you want from your staking, however as it has been said many times before in the forum, the only coin that you can hold for the long term is bitcoin every single other coin is too risky for this and if you do then be prepared to lose all your money in a heartbeat if that coin happens to crash while you are holding it.

Considering how it was said, after extensive DYOR, so you are already convinced that certain assets aside
from Bitcoin can be used as a token of your investment. The chance of sorting or picking the right asset away from Bitcoin is
also possible inside this market, the only thing that needed is to practice deeper in holding and trusting the
coin that you select, from that, all those chosen venues have the capabilities to provide passive benefits to your money.

Trading is a method that can be used to make passive income. Because we can target profits from every investment we make. Of course the method used is short-term trading.

My way is only spot trading. This is very good and profitable if you are smart. You can get profit in long run by investing in the strong projects. And also by short investment. My religion doesn't allow me to earn by staking so I don't make by it. I believe we can earn enough with spot trading.

I am curious though. How long do you do your "short-term trading"? Are you day trading or something? I quit my day trading strategy long time ago, because I don't have all the time due to my work schedules.

Usually the end of the trading strategy like :"short-term trading" occurs when money runs out. I think short-term trading detrimental effect on the crypto portfolio

What I do not understand about people is that "trading" is not passive, in order to trade you have to buy and sell which is not something simple because you have to learn so much about trading and be good at it and spend hours finding good trades to make as well. It is literally work and I rather work to do something else and earn money that way if I do not have big enough capital.

This is not passive income, passive income means that you work once and you do something and then it will earn you money even while you are not working, even while you are sleeping. Staking is like that, you put money in at first but then you never do anything, you literally just go live your life and you are still making a profit while eating or sleeping or watching a movie. Now THAT'S a passive income. Which is why trading is not a passive income and could never be considered one.

Try staking.

ETH staking right now is yielding around 5% APY and that's attractive returns added onto any potential ETH/USD returns in the first place.

Also you could try margin lending on major exchanges/lending on centralized platforms such as Celsius. Although that is probably a lot more risky and you are subject to counterparty risk as you no longer have control over your coins for the time period.

For me, it's staking and trading, though am not very much into trading, but I do make some profit when I find the time to, staking has been my major source of earning passively with crypto.

Wanna take this opportunity to invite you all to stake or earn through liquidity provision on Chainge finance, the app can be downloaded on Google play store or iPhone app store, it's one of the best places right now to earn passively with your crypto

https://i.imgur.com/GTk9VND.jpeg

Good for you that you can do spot trading. Not everyone has the guts to do trades in spots and riskier if it's with the futures/leverage.
What's your religion that doesn't allow staking? it's only like holding.

Well, there is no "best" way to make profits or gains with crypto currencies. Different method comes with different risks. If you know how to trade, then trading might be good for you to make quick profit. But the risk associated with it is high. You want to get rich overnight? Invest in one of those shitcoins. The chance of losing everything investing in those coins are like 99.99%. Will you be able to afford losing everything and take the risk? If you are looking for a safe, less risky way of earning some good profit, try holding. It's slower, but in the long run it will generate you some very good profit.

i think staking and farming is the best. if you can not join the staking campaign or if you are afraid that you might loose your token due to permanent lose whenever you are nolonger interested in the campaign. security access is low in these places. also mobile focuses on other pressing designs. you may have to visit the other stores to have a full details of what is happening. i think you need to check the validity of other project before you get in..

For me, trading is the best way to earn income from altcoins. With trading, we can plan to hold our altcoins for the short term or long term. If we want to take profits faster, we can do daily trading. And if we want to get a higher chance for bigger profits, then we can do a long term, probably monthly trading. There are many strategies in trading, so we have many options to earn profits.

I felt risk on staking and I don't exactly understand the whole thing about it, because since my start in crypto I haven't engage myself on that kind of earning process. Making profit somehow a struggles specially within the long term process, but passive income usually came from your trading investment particular on promising coins that has an active trading activities.

investing in NFT like Axie could be considered as a passive income if we can invest through scholarship, there are many people who try to have scholarship and get steady passive income from other people who they helped to be able to earn in Axie Infinity. There are also staking in axie infinity if i'm not mistaken where it could become alternative other than having scholarship. But if it's stable income, staking can probably give a better stable income than investing in axie. Although, many of people who invested in axie always give target on how much NFT token they should earn from the Axie infinity that they invested and given scholarship to. In the future, probably it's possible to stake and also doing scholarship at the same time in axie NFT or many other NFT based gaming.

I'll do that with investing because when you have any understanding and could get the preponderance of the transactions perfect on a regular basis, you'll maintain generating money regardless of how the values fluctuate.
It's what we needed in order to maintain a steady working capital.

One dash masternode gives about a thousand dollars per month as well. I know it is not much amount of money and just 5-6% yearly as well, but dash doesn't seem to be going anywhere so I agree that some masternodes are definitely good.

This new staking thing created a great pathway to make a lot of money but also created a big risk as well, all coins and tokens are trying to do a yearly income type of deal and eventually some of them may have hard time with it, not every coin is destined to be given away for free like this forever, in bitcoin and eth there are at least miners and there is a cost involved and its costly to even start, here we are talking about putting in money like that but you can take it out whenever you want, there is less risk involved and its all digitally done.

I prefer Yield Farming since it's basically always get higher APR but i will only choose some Top pairs like CAKE/BNB, DAI/ETH or any top Altcoins since it's have less risk rather than the others, the APR was high and the price itself it's not going anywhere especially my top Choice, Cake Pairs is an good option especially if we didn't have any big capital but Masternode it's another good choice if you have some Big capital, Staking it's also good alternative but lower return with less risk too.

one should be careful with coins that are giving huge percentage APY for staking
it is just not sustainable for long term period, too much is too much

nevertheless, staking is a good way to support projects and earn interest in native coins, for a good project you can get additional coins through staking, and if token price rise as well, it is a win-win situation, when staking rewards is high, but token price go down, you can still end-up losing money

I have been doing trading for a long time because I believe that it fits my skills no matter what the market situation is. There are times when the market is red yet it's profitable if we'll know how to deal with every market situation. I would also love to try staking in the future but I'm still trying to look for an active coin.

I disagree, there is nothing passive about trading, when people think about passive income they think about earning money in a way that even if it requires a lot of effort at the beginning you can then let it go, sit down and enjoy your profits, and trading is nothing like that, you need to watch the markets all the time and decide in a matter of seconds if you are going to take a trade or not, and if you are a day trader this is even worse as taking a break for any reason can be more than enough to miss a profitable trade, so as you can see there is nothing passive about trading.

Defi have changed the dynamics of profit making in Cryptocurrency. I have had to borrow  a collaterized asset to invest while my collateral is growing in value beyond my expectations,  yet I made gains from my borrowed asset and use the gain to make more money.  You see the process is still going on and the profit is multiplied beyond buying low and selling high!

Are you staking or farming? Can you disclose what coin have you invested with your loaned money?

Anyway, for me right now, I have passive income from one of the gambling sites here, staking their token and getting the daily dividends. It is not that much but at least you are getting something everyday and besides you still have the token. But make sure that the token or coin you are staking have possibility to survive long in this market. Because if not, passive income is not feasible if the project starts to wane their developments.

Probably the use of a bot while trading is the only way we can classify trading as passive income and even that is doubtful as now you need to maintain the bot and supervise that everything is correct and does not begin to take bad decisions or you will need to adjust it in the case the API changed or the interface changed in the case the exchange does not have an API, so even then I think it is difficult to consider trading as a passive source of income.

This is nice that you have borrowed money is yielding you good profits. Try to repay the borrowed money with profits you making as its a volatile market and with falling prices it could go other way round. So target to finish of your loan quickly and I am more like only invest with your money so that stress is far more less than borrowed money.