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Author Topic: What crypto projects best facilitate obtaining passive income?  (Read 633 times)
ameliana
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October 07, 2021, 10:46:31 PM
 #61

To get passive income, I am currently staking on several platforms that provide this program because by staking I can get a profit every month by only holding coins and the additional value when the price of the coins we hold increases very high then we can only sell coins then I can get more profit.
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October 08, 2021, 06:34:50 AM
 #62

I believe that earning passive income is the main path to financial freedom. Various altcoins and their projects have established various strategies for their investors to earn passive income, but not all are as effective or easy.
I don’t have to rely on the developers of the projects to plan my passive income for me. I believe this is a plan that you can make for yourself, there are lots of opportunities in the cryptocurrency markets, lots of ways for you to earn . You can decide to go for staking, and then stake your money for as long as you want to be able to be generating steady income from it.

Or you can decide to simply just hold it and wait for prices to increase why you make profit from the increase. You can also be trading,if you are good at that. So it’s all about what you can do for yourself, any one that you’re highly skilled enough to do then you can go for that.

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October 08, 2021, 08:17:03 PM
 #63

Passive income is pure depends on the staking and yield farming that you are doing. If you are doing it on a horrible place, it is sort of like ponzi, well the system ponzi works doesn't work with these ones, it is just something that gives you tokens, doesn't tell you how much that token will worth, you decide that between each other so it is not exactly ponzi even when it fails.

However there are ones that make profit, like uniswap usdc-usdt or whatever, or pancake busd-bnb or whatever, those always make a good profit. Also on top of that you get to keep your money, you do not lose your initial deposit and that is the important part, if you have busd-bnb even on the most horrible place, then you do not lose your money and that is what matters to us, not losing because that prevents it from being ponzi. The only other options left are the token becoming nearly zero in price, or the price staying high and making you profit.

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October 09, 2021, 07:37:08 AM
 #64

Staking.

I'm into Axie Infinity but I see that staking AXS is very profitable. From 400% APY during it launch, it's down to 158% but it's still good right? Having that percentage of APY is literally high.

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October 09, 2021, 12:36:53 PM
 #65

People mentioned in this thread about staking as a way to earn passive income but most staking coins I know is inflate as the time pass. Worst you could lose all your money. I think there is a way that requires little effort to earn passive income is investing. Yes. if you invest and hold a top coin for long, around one year or more, the profit its return are much more than staking.
Mostly peoples don't like to do some search and have all information about projects and products just because of this they are feeling staking is much better idea instead of investing and have some better profit or passive income from this which is really great idea.

If peoples start with some strategy and have knowledge about their required projects and products then surely they will be able to have some better ideas and way for their income because right now we have few projects those are doing much better than expectations and giving good income but due to not updates these are in front of investors. Long term investment is different from these, you do not really make an income, but in the long term most big coins go up, so you gain more.

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October 09, 2021, 01:23:29 PM
 #66

Just hold bitcoin for long term and you will be earning profits passively. You literally have to do nothing. Just make sure you keep your wallets safe and secure. Keep holding until you reach your desire profit goal. Once you reach your goal, take your profit and reinvest or keep adding slowly. If you are holding altcoins that can be staked, you can stake them and earn passively. Make sure its a coin that you can actually stake using your own wallet. Some exchanges mislead people by using the word "Stake". Not all coins can be staked. Even if they can be, don't stake using an exchange. Its risky and you end up giving too much power to those exchange.

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October 09, 2021, 01:34:17 PM
 #67

You can try it with BNB. Nowadays, there are lots of platforms that provide convenience for their users along with their excellent features and this is made interesting because crypto prices fluctuate with the classic reason it is impossible for crypto to continue to rise. for example, joining the Binance Launchpad program because there are 7.3 million BNB committed to Launchpad https://prnt.sc/1vfpgcj The step to take is to buy when Launchpad is announced, not when listing.

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October 09, 2021, 01:47:45 PM
 #68

For me pancakeswap is the best platform to earn passive income. I already staking in some coins there but of course you should do your own research before to stake because there are a lot of coins and I'm sure there are also scam coins.. so careful to choose one so that it would be worthy for you to stake.

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