How do you earn passively in the current market situation ?

[justdimin]

500% profits merging on USDT staking is quite huge and breed suspension in the legitness of the offer you got and what the exchange it, some of those staking platforms promise high API payment but all are attempts to deceive investors into making deposits and boom their money is gone, so if you don't mind can you please share the name of the said exchange for us have an insight of what you are saying, but what I can advice right now is that you shouldn't be carried away with the percentage offers since %500 return is quite tempting.

Even though it is only for the newbies, no doubt that it is still huge. There might be some sticky terms with this just like the other huge percent bonus that we see, so it is worth digging (the terms and conditions).

Many of them are in fact legit, I mean in a way that we can withdraw on them but it is just that their promotions are deceiving sometimes. Some people can still view this as scammy. Earning passively must not be dependent on the market situation. Whether the market is bear or bull, it should still give us a continuous return if we are with the program already but those who came in early has more advantage than those who came in late but it is also better to be late than later or never.

[Odusko]

Edited out

Even though it is only for the newbies, no doubt that it is still huge. There might be some sticky terms with this just like the other huge percent bonus that we see, so it is worth digging (the terms and conditions).

Many of them are in fact legit, I mean in a way that we can withdraw on them but it is just that their promotions are deceiving sometimes. Some people can still view this as scammy. Earning passively must not be dependent on the market situation. Whether the market is bear or bull, it should still give us a continuous return if we are with the program already but those who came in early has more advantage than those who came in late but it is also better to be late than later or never.

Whenever you see such promotions that promise high-yield profits you should know that there will be some hidden unfavorable conditions, even though those platforms are legit and proven not to be scams, the tendency of not getting all that is promised in the adverts and promotions are still very high, and for that it better to stick to the few and we'll known staking platforms that are already familiar to us and try to build more on utilizing the opportunities that exist in the platform.

[Yamifoud]

We can't make money from the current situation, especially if we buy our coins during the bull season. The best thing we can do for now is to hold and wait rather than think of profit, as it only creates pressure. Or make another start by buying coins in the current situation and making use of them for trading. But the question that still arises is what if the price continues to decline? We better pause for a while and observe the market trend before taking any action. Patience is still important now because we know that there is also recovery.

[passwordnow]

~snip~

Actually, I’m holding only ETH right now till it’s over $4K, i can’t afford the sell it now….the loss would be unbearable if i do. Hopefully, i come across a good passive income offer like this one again because just like you’ve stated there’s a designated reward to be paid.

There are pools that you join for you to stake that ETH. It has now turned to POS and that's why you can do that with the ETH that you're holding. But if you're not a fan of it, it's better to keep on holding it. And that's what I am saying about selling them at loss, it's not worth it really and that's what I don't want to happen to you. Still, the time will come that you'll have to sell and you'll have to choose what is good for your portfolio and most of us are going to sell them eventually if we have no plans of holding it for a longer term.

Looking at what the op of this thread has said and what most of you guys are saying really baffles me because you guys are not seeing how dangerous this move the op is trying to take.
Ok let's say the staking opportunity is ideal and true, don't we know that by staking your asset in an exchange, the asset must be in the exchange pending the time of duration that the op agreed to stake his asset, if anything happens to that exchange in question like hacking during that timeframe he chooses to stake his asset, don't you think that his asset is good as gone?
This is one dangerous risk we don't pay attention to when talking of staking our asset in an exchange, because in my own understanding, staking your asset in an exchange cannot give you even half of what it can take from you if things went south, so in my own opinion, we really need to avoid staking our asset and keeping it in an exchange for our own good, because since we aren't in charge of the key, anything can happen to our asset while it's been stake in an exchange.

Why it is baffling you? I am not directing him to an exchange and I've said that there are pools out there that he can join. And I have clearly said on my posts that I won't even do that and still better to hold it. I understand the care that you've mentioned and it's true indeed risky if someone is going to stake their ETH on any exchanges with how it went through the recent hacks that came by with ByBit. Note that it's not only exchanges offer staking, there are the actual pools and other platforms but they could also be risky as how your concern is.

[CroverNo01]

We can't make money from the current situation, especially if we buy our coins during the bull season. The best thing we can do for now is to hold and wait rather than think of profit, as it only creates pressure. Or make another start by buying coins in the current situation and making use of them for trading. But the question that still arises is what if the price continues to decline? We better pause for a while and observe the market trend before taking any action. Patience is still important now because we know that there is also recovery.

There are situations where we can be smiling with our trades and investments and there are days were we get our trades to hit TP and some days, our trades run up to meet SL. Patience and hope is definitely what is keeping me going, I've every legitimate moves to make but considering the fact about the volatile movement, more reason we need to plan ahead. Buying coins during the bull season, I always see it as potential big mistake, the losses recorded, an investor might not recover this trend.

[GigaBit]

I never worry about the high percentage of staking rewards offered by exchange platforms that are not reputable. Because I know that there are some sites that will offer investors such offers that are difficult to obtain in reality. Those who invest in those platforms out of greed are more likely to lose. I have not found any platform where 500% staking rewards are given. If such a tempting offer is given, then the conditions should definitely be monitored well. It is a logical decision to avoid any unreliable platform with the hope of additional profits.

[DeathAngel]

The only thing that would earn you passive income now with how bad the market situation is would be selling some of your assets for stablecoins & staking. That’s a guaranteed return but I still wouldn’t recommend it as we saw what happened with the likes of FTX. You are probably safe staking on Coinbase or Kraken but I still wouldn’t advise anybody to do it.

[doubletheprof]

ASIC miners mining altcoins then transferring and holding in Bitcoins

[Lida93]

Op do you mind doing much justice to thread by bringing to our knowledge the said exchange that's offering this woofing staking percentage because to be frank 500% this sounds too good to be truth even though it's nothing an exchange can't offer if they wish. For those already scared of hodling still, staking isn't that much of a bad idea if you're doing it with the right exchange and with a good % reward anyway.

Though at this period the crypto market has been on the down side which is creating a lot of panic selling as investors are trying to be cautious not so sure of  what direction exactly the market could be heading next. But in my opinion the bears ain't yet here it's just that the market adjustment is taking too long than many had envisioned. But it's fine.

[FortuneFollower]

I just have some USDT on simple staking and keep accumulating more BTC for the time to come.

Trust me, in some years, it will bring greater results than something more shady.