Hey folks,
I realise that the simplest way to make a profit on crypto at the moment seems to be just buying and holding Bitcoin, but I'm curious if there are any coins or tokens designed specifically to generate ongoing passive income for holding them and if so, how they work?
Appreciate any replies,
I think that will be possible on investing your coins to a mining site. I am not sure if theres a passive way to make you proits grow. But maybe you can try on investment method. I think it probably does. As far as i know, you cannot earn without doing work, so i guess it is maybe haed to earn passively by just investing in some investment plans, but first also you must research further about what you are actually entering like what you ar going to invest in. Aside from bitcoin, you can also have other cryptos as for long term investments example is ethereum, maybe it could help you someday. |
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As far as i can see the governments from each resoective countries are already starting to move towards bitcoin, because of its increasing popularity and prices, even though they know bitcoin back then they doesn't seemed to care because it was not that popular and super valued though, but now that they have been hearing it again and again they will probably make a move just to earn from it, and imposing taxes to each transaction is not too far to happen in the future, so as expected it will be imposed.
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Money is created for the purpose of a currency, used to buy things, food and shelter and most likely our daily needs. It also serves as a way to survive, while some people used it as a social standards, if you have money then you can afford, just like some people discrimate other people because they are poor, it means they cannot survive this world.
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Well its kinda fun somehow when you think about " hopefully other people would bet the same way i do", but for me sometimes i wanted also to hear those other people's feedbacks and their opinions towards those tips that are given, or being shared by somebody.
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Hello people!As you consider whether each state to create their own tokens? under its currency?
I don't think so because no country wants to give a decentralize currency to their citizen and loose the economic control from their hands. And if there is Internet everywhere than it could be accessible from any part of the world. So there is no logic behind create such a vague and useless currency. If you do try out to read up again on what op said and mean then you would answer on different thing. If each state would decide to create their own tokens then it would surely be a centralized thing which would based on their own currency but this thing would be somehow take lots of works or adjustments since not all citizens is familiar on this kind of thing. yes that is fact that if a altcoin is restricted to some particular area or state then it will certainly be centralize and will not as universal, But i think that this will not be succeeded, because people like to use a universal currency and therefore they will still refer to bitcoin, because bitcoin is a universal currency and it can be throughout the world with same value. Centralized or decentralized doesn’t make a currency universal. Even bitcoin cannot be used globally by everyone as so many people will not even be able to access it due to lack of internet and being hugely behind in technology. At the end for the state, we will just end up having a form of the usual fiat they have had before in the form of digital currency which will end up being controlled. Future will be all about bitcoin and this can be surely predicted that if this coin start circulating everyone will know about it and should use it and whereas decentralization is concerned it is the quality of bitcoin it generates huge profits which are enjoyed by investors and as internet is available everywhere in world and all are using it so why not bitcoin. Probably yes it should be like that, each state has its own token beacause we are targeting to decentralized currency in every country and each country has different fiat money. Only the government of each country will answer on how to make there national currency be defined if this digit currency will take over as a global currency nation wide. Bitcoin was created as a sole purpose of having an international currency that can be accepted everywhere and anytime, with faster transactions although its not that fast and can be possible if you have internet connection anywhere then you can probably access, while those tokens were created with its own purpose and unique uses that is why they called it alternate, in response of bitcoin. If anything happens that each country has their own tokens then what is the main idea of those created tokens for a better purpose if a certain country wants only to use their own local digital currency? I think its no sense. |
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Sad but that is the reality my friend, although it is bad, that you compromised something, people tend to do it for some reasons like for their safety or for their own good, not all of the truth or honesty can be safe also, these will lead us to think that although it is not necessary to lie, sometimes it should be balanced.
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Lol. Hackers would definitely have use for their skills. And i don't think it will be good even for the middle class sector. Well if we talk about the poorest, i don't think even cash is available, so much less would digital currencies be.
You are right. In fact, it will make the matters for them worst. How would they even get hold of a digital currency if they dont have any money to buy electronics in the first place? Therefore an economy without physical money is not good for the poor and without them owning electronics, an economy without physical money is impossible. Crypto will always remain to be a way to pay unless things change. Totally right. Think about the situation if it will happen, then if poor people cannot afford to buy electronics, lets just say most of them, then how could they get digitalized currency? Even if they work hard as they could, they cannot get their salary, and the worst case is that they would have steal gadgets in order for them to get money, and one more sad thing is that they would strive to climb and meet the social standard. |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
If you are going to think of it. Bitcoin's volatility is one of the main reason why more and more people are getting attracted with bitcoin nowadays. The importance of volatility of bitcoin is very essential for its nature on being one of the most effective ways to earn money. Investors are really attracted to this knowing that they have a higher percentage on earning higher money due to the changing of bitcoin's value over time. Volatility is the main source of attraction of investor toward the bitcoin, people know due to the volatility they can earn faster that’s why they are getting into bitcoin, as far as controlling volatility is concerned it is impossible the prices varies just because of user demands as user demand increase profit come so there is no need to control this advantage of bitcoin. Yes it is the main thing that a lot of the people do like about the bitcoin. The price of the bitcoin keep on changing so a lot of the people are aware of it that someday the price of the bitcoin will be more than double. The users who are having the bitcoin know the importance of the volatility of the bitcoin and the advantage of this ability of the bitcoin. If there is no volatility there is no difference in bitcoin ad flat currency and all the investors will take out their money from it price volatility leads toward the high profit achievement and if all this is gone there will be no profit anymore and it will move downward so keep it moving in its way volatility is blessing to make high profit in short time so enjoy it. I partly agree with your opinion guys, that is also one of the reasons why investors are attracted to bitcoin, because of its volatiliity and for being a decentralized. The thing we are talking was about controlling bitcoins volatility, and the reality is that it cannot be controlled, even those big whales and big marketers cannot control it as what they wants. |
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There was also an issue before, i don't know if it was still up untio now, but actually before there was also some kind of hack or what do they call it, that you copy your address and once you paste it, another address will come out, even though you keep on repeating it same address still appears after you pasted it. That was also one of the reasons why some people tell they have been scammed, hacked, phished, or they have send it mistakenly.
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As Bitcoin keep climbing and altcoin keeps going down, is it better to invest in bitcoin or altcoin now?
Better to invest in both because they will be more valuable in the future than now. In bitcoin, many still believe that it would increase more so better invest for the long term. Many do expect that after its rally, it would go back down but will rest on its previous support and then go up again. As the airdrop of bitcoin gold is approaching, many people would want a piece of it so they are buying more bitcoin which would have a negative effect in most altcoins because many would sell their alts and shift to bitcoin so it is shopping time for altcoin. Those altcoin that has a viable project and has true value would increase again and money in bitcoin after the distribution of bitcoin gold would go back again to alts and those that have true value would shoot up again so for those who have still funds to invest would want to grab some altcoins for the long term because they would be more valuable in the future. Maybe you cannot have a chance to buy it this cheap again in the future. Yeah that was also what I am thinking right now, instead of choosing between alternate coins and bitcoin as of now, you can either choose both and invest on both. As of now it is a good chance to buy some cheap alts because of the speeding price of bitcoin up, and have bitcoin at the same time for long term. |
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It's just like how do you earn fiat without working !?
Everything need some effort and guts in order to earn it especially when bitcoin getting expensive , everyone try to own bitcoin as well
I'm usually spend my 10% of my salary every month to invest bitcoin since I believe bitcoin always increase every year , that's how I made some bitcoin.
Exactly! How are you supposed to earn without doing any work? and expected that when you want something more than what you want, you have to take risks right? that is what i have learned. So in order for you to earn you have to be wise and a risk taker once in a while. The OP was talking about not trading and not gambling? if i were you i should take trading or if you want to earn monthly but not precisely, because the market is not guaranteed to let you earn, but if you have a lot of knowledge then you can. |
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Alright, let's say I have a budget of 1000 USD and I want to invest it into cryptocurrency. Is it better to buy my own setup and mine or do cloud mining or should I buy some coins directly ? What cryptocurrency might be the best for long-term profit ? I am willing to lose that money (although I would be sad ofc) but I wanna somehow start with cryptos since I believe it has got a great future.
Most cloud mining are scams so stay away from it. Mining with $1000 usd? Not sure if that is enough, the prices for mining items alone has risen tremendously, 5000 usd might be quite enough to get your own best items for the best prices. But, it is difficult to setup a mining rig because most of it are sold out or too expensive. I cannot see into the future, if I could I would buy 5000 BTC when it is cheap. So, the lesson is do your own research first before you get into cryptocurrency. Do not ever be a FOMO (Fear Of Missing Out) and diversify you altcoin portfolio. Investing 1000SD is not enough increase your budget up to 5000SD TO invest in the BTC And join the community of cryptocurrency investors by which you will gain huge profit dint get into the hands of scammers there is no such low investment nowadays the only major one is BTC and you should invest in it. Why would you say $1000 is not enough ? It depends on what you want to use it for but any amount is enough and that amount is even a very good amount to start earning something tangible. If the OP can put his mind like few weeks into learning trading and practicing a little with some little amount first until he is sure it is something he can do with some little confidence for a start, that amount can increase faster than he would expect. 1000USD is a good amount but it also matter that in which crypto you are investing make a decision wisely and invest in that one which has long lasting benefits as well as its popularity is also great, don’t put money just for the sake of profit and see other factors also and nowadays bitcoin is the beneficial one so invest in it to make double of that amount, There are lots of risks in inveating money to a certain crypto coin. Lots of study and research must also be done in order for you to decide, i agree also with your opinion dude that you must be careful and aware to what you are investing. You must also consider the consequences that may follow, maybe $1000 is a big amount but if you fail you can lose more than a hqlf of it. |
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No one can stop bitcoin. how many times does the government shut down bitcoin? many many times right!? Bitcoin is unstopabble. Bitcoin will give growth in every country we belong. so governments should educate themselves to merge their money to blockchain.
No government will stop it, because they know very well that bitcoin has potential to give boost to their national economy and those who will do this stupid thing they will cut off their development and they will lag in each and every field of progress and no government can do this because citizen know better than government what is best for them and what is not and bitcoin is best, Many countries find exact opposite situation of what you are saying about the bitcoin giving boost to their national economy. For example, China govt purposefully devalued the value of their currency. Why was done? it was done under the impression that if yuan price remain higher then foreign investment may decrease and may go to other countries. This triggered the volunteer devaluation. However this national interest decision wrecked havoc for wealthy people from china. These wealthy people suddenly discovered that without any loss in business, their net worth has reduced. Thus it is observed that these people turned to the some specific gambling casinos (which acts as currency exchanger ) and crypto currency and started sending money out. I think you maybe have a point dude, as well as the others also have been worried if what might be happening if bitcoin will be officially banned by each of the states, and the worst scenario is that the government maybe would think that people having bitcoins are criminals maybe, because they objected the law. In my own point of view maybe the reason why it could be banned or hopefully not someday, is because they see it as an economical enemy by the government, and maybe they think it could outplayed their system, and adding on those uncontrollable transactions happening. Correct me if i'm wrong. |
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Although I am also a bit veteran here, i am still balancing my time because i got lots of stuffs to do with my work especially those past few years that i cannot focus here in forum, but what is nice is that i still follow trading and other guides from bitcoin and personally i am also investing in bitcoin but not that much. There is no need to rush either you will get there as long as you want to continue, time will only pass just let it be.
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Considering those options above, choosing between huge quantities and small amounts, i think i would go to smaller amounts when in the case that i am still a newbie in trading or investing, its because you cannot determine whether its the lowest, middle or at peak price, then you should research further for more informations.
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it is difficult to determine that in the future bitcoin will decrease because we see the price in the market now that possibility will not happen. a lot of bitcoin enthusiasts now and do not close the possibility will not increase so at least for the future bitcoin will not decrease
I think it depends upon the mining and the demand of the people. If the availability of bitcoin is less and the demand is very high then there is no possibility of the price to reduce in the future. On the other hand if the demand is less and mining is too much then it may possible that the price will reduce in the coming future and it also depends upon the value, market cap and the acceptance as well. Somehow you have a point and it seems that it may be a real deal, but if either of the two comes out, and although it may cause a big fuss it will still be part of bitcoin and i don't think either of the two would be the reason it will be gone in the future. |
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The government is not going to ask us if we want to have Bitcoin regulated or outlawed - there is no official representative, no Bitcoin CEO, no Bitcoin citizens that could vote - regulations are going to happen regardless of what community wants. But everyone will have a choice - either to comply with regulations, pay your taxes, reveal your identity or use Bitcoin on gray markets. Bitcoin is like cash of the Internet - you are free to spend it however you like and no one can block your transactions unless you are using online wallets.
I certainly agree with your opinion. It is because of no head on bitcoin, majority woud be decided on what would be the public's demand or should we say users and investors of bitcoin, and aside from that if it is going to happen then it will be. |
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As i have first encountered bitcoin, i can still remember someone has said we are in an unstoppable train right now, and that train is bitcoin. No matter what happens i still support bitcoin and believe it.
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At first people don't think about it and just ignore it, as much as i do at first too, although the banks are already aware about the existence of bitcoin in the society they still continue to ignore it and just let it pass, and as we can see now that they are already being worried about it and they see it now as a great threat to their existence, correct me if i am wrong.
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I was also wondering about these since then, and i am really curious if this could be possible. I wonder what would happen to a world without fiats, and one thing that was bothering me is that, there is something in my mind that says it is really impossible and total elemination of fiats are really impossible i think.
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