|
tobs
|
 |
October 23, 2017, 06:29:45 PM |
|
you can read up on the POS (proof of stake) algorithm.
It is designed to reward people that hold (stake) a certain amount of altcoins for a certain time.
This way, you can create passive income, however, it's only a limited number of altcoins that use POS, if you pick an altcoin to stake, and you gain 10% in one year, but in the same time, the altcoin's price goes down 50%, you end up with more altcoins but with less actual value.
But you can always choose solid altcoins that have even potential for their price to raise. That way not only you get extra free coins for having them, but they all grow in value. I think for now Lisk would be such candidate, as they look solid enough. And when ethereum decides to switch into PoS, I guess they will be the leading coin to hold and earn passive income so it may also be a good idea to acquire them till they are still cheap. |
|
|
|
|
|
|
|
|
|
|
|
Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
carlfebz2
|
|
October 23, 2017, 07:11:47 PM |
|
you can read up on the POS (proof of stake) algorithm.
It is designed to reward people that hold (stake) a certain amount of altcoins for a certain time.
This way, you can create passive income, however, it's only a limited number of altcoins that use POS, if you pick an altcoin to stake, and you gain 10% in one year, but in the same time, the altcoin's price goes down 50%, you end up with more altcoins but with less actual value.
But you can always choose solid altcoins that have even potential for their price to raise. That way not only you get extra free coins for having them, but they all grow in value. I think for now Lisk would be such candidate, as they look solid enough. And when ethereum decides to switch into PoS, I guess they will be the leading coin to hold and earn passive income so it may also be a good idea to acquire them till they are still cheap. If ETH would really switch into POS then this would really be a huge step and yes it can really be a good option to have passive income and so as on other altcoins too but there would really be only few candidate which can able to give us on that kind of opportunity. Pointing out on those coins would really be somehow hard since we cant really be sure if they are truly capable or not specially on longer runs. |
|
|
|
|
|
andrei56
|
|
October 23, 2017, 09:48:43 PM |
|
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,
If that is what you are looking there are coins with those characteristics the most obvious ones are casino coins, not long ago you could invest in the bankroll of the casino and you got some of the profits in return, but now as is the case with BitDcice you can buy their token, and you are going to receive a portion of the earnings depending on the amount of tokens you have. |
|
|
|
|
|
Kisanaq
|
|
October 23, 2017, 10:17:17 PM |
|
Now there is an easy way to generating money in a fast time, the presence of bitcoin makes it all very easy because we can make money without limit so I suggest to immediately invest bitcoin.
|
|
|
|
|
|
chickenado
|
|
October 23, 2017, 10:47:27 PM |
|
Now there is an easy way to generating money in a fast time, the presence of bitcoin makes it all very easy because we can make money without limit so I suggest to immediately invest bitcoin.
Indeed. This idea of passive income is so interesting and wonderful because it is accessible and convenient at the same time. It's an effortless transaction once you are paid. Not only that,but also There are many things to explore with bitcoin as digitized money. Technology has been a wide range of putting a good start for every people who are into bitcoin. Through internet we can access money and that is because bitcoin is there. |
|
|
|
|
|
Kr8os
|
|
October 23, 2017, 11:26:26 PM |
|
Strange how you're looking for a Cryptocurrency way to acquire passive income. I don't think (I'm not sure at all) there is any monetary based cryptocurrency out there that will GUARANTEE positive returns, you're better off doing LYFT or UBER.
|
|
|
|
|
|
Bitcotalk
|
|
October 24, 2017, 12:22:52 PM |
|
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,
Masternodes and Proof of stake will be your best buddies for passive income, you have to buy alts which have masternode or proof of stake algorithms and they will generate passive income from staking rewards. You can check mnrank.com or masternodes.pro to see the status and which one you'll buy later. Who knows about these coins which are mention above masternode, lol I listen about it now that this is also a crypto currency because bitcoin has so much influence on the minds of investor that it will never let anyone to think about any other coin and that’s true whatever masternode is but it is not generating as high as compare to bitcoin and there are few talking about it but bitcoin is discussed all over the world. |
|
|
|
|
|
Chachacoin17
|
|
October 27, 2017, 01:47:03 PM |
|
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,
Let me define first what is Passive income in my own understanding. Passive income is a generating income even if you are not working on it day by day. Like for example holding gold and holding bitcoin. As time goes by you can earn profit if the price is high. So therefore, you can choose any coin and hold it as long as there is a great chance that it will goes up in the future. |
|
|
|
|
|
pureclckr
|
|
October 28, 2017, 04:12:57 PM |
|
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,
You can invest your money with a few potential coin. Maybe you want to invest long, the best choice is still Bitcoin, then some altcoin like: Eth, Ltc, Waves, Ark, .... You can buy altcoin now, but Bitcoin need wait for a time, now its price is too high. In bitcoin you have both the ways of investment I mean short term as well as long term investment and the long term investment is for generation of passive income in which you will hold some bitcoin and wait for some time for which stable financial position is usually required. |
|
|
|
|
wxxyz
Newbie
 Offline
Activity: 44
Merit: 0
|
|
October 30, 2017, 06:07:23 PM |
|
If you're talking AltCoins, how come no one has mentioned NEO? For holding NEO, you generate GAS - GAS is the coin that is used to pay for transaction power on the NEO network. Here's a calculator to figure out how much NEO you need to generate how much GAS: https://neotogas.com/ |
|
|
|
|
|
richminded
|
|
October 30, 2017, 06:11:55 PM
Last edit: November 16, 2017, 11:41:15 PM by richminded |
|
Now there is an easy way to generating money in a fast time, the presence of bitcoin makes it all very easy because we can make money without limit so I suggest to immediately invest bitcoin.
I can actually say that bitcoin is now my greatest source of passive income though i work hard for this I still consider this as my passive income since I have no fund when I started here. Bitcoin really offers opportunity for everyone who wants to earn money, bitcoin is the future and investing on this will surely make you rich in the future. |
|
|
|
|
CryptoBankr
Newbie
Offline
Activity: 3
Merit: 0
|
|
October 30, 2017, 06:26:22 PM |
|
There is one small ICO that took place a couple months ago for Digital Developers Fund (DDF) - digitaldevelopersfund.com that buys and sells domain names and other intellectual property assets. They dividend out a portion of the profits to their coin holders per their website, which acts as passive income. Not sure how widely they trade or what type of liquidity they have - but it may be worth looking into. Note I do not own nor work for DDF.
|
|
|
|
|
|
Fundalini
|
|
October 30, 2017, 09:53:01 PM |
|
I think you should look up on bitconnect; the minimum investment amount is 100$ and returns after a year (?) . It has a bad rep before as a HYIP but the price skyrocketed then and it is included on the top 10 coins in the market so I think its worth the time to research.
|
|
|
|
|
|
jjdub7
|
|
October 30, 2017, 09:55:57 PM |
|
I know two 'methods' for passive income in crypto world:
1. Investing in casino bankrolls
2. Buying and holding POS currencies. There are few good around but the real deal will become in few month when ETH switch to POS.
|
|
|
|
|
|
Jembut Ireng
|
|
October 30, 2017, 11:25:14 PM |
|
I'm glad because the bitcoin makes us able to generate extra income even many people who make bitcoin as the main income. I hope bitcoin can be legalized so it can be more useful.
|
|
|
|
|
|
Murloc
|
|
October 31, 2017, 02:18:13 AM |
|
Well from one side you are having a passive income because your USD amount is going up every year but on tje other side you should still sell some of your btc (and you are not having any passive btc income). Mining could be the only type of such income but you still have to serve the equipment, make different investments and have some technical knowledge.
|
|
|
|
Lynchfondu
Newbie
Offline
Activity: 58
Merit: 0
|
|
October 31, 2017, 02:26:28 AM |
|
As mentioned, I think mining is a great way to earn some passive income with crypto. Also, Gladius will have the option upon launch to rent your bandwidth out to earn Gladius Tokens, so there's that source of passive income to look forward to.
|
|
|
|
|
talks_cheep
Legendary
Offline
Activity: 1036
Merit: 1000
|
|
October 31, 2017, 03:34:27 AM |
|
Lots of ignorant people here in the forum.
I bought 3000 diamond coins (DMD) three years ago, $0.20 per dmd coin back then. Now it's worth over $7 per coin. DMD is a POS alt, pays about 25% annually. I'm making about $800 a month, passive income, just for holding my diamond coins in my wallet. I did well. How about you???
|
|
|
|
gunungkembar
Member
Offline
Activity: 545
Merit: 43
|
|
October 31, 2017, 03:43:11 AM |
|
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,
altcoin suitable for passive income you can buy altcoin like XLM or XRP they have a very large supply and very good developers. |
|
|
|
|
|
lili song
|
|
October 31, 2017, 04:11:20 AM |
|
You can invest in bitcoin for passive income. But better invest for a long time.
If you have a more money saving in bank, you can try invest bitcoin for your future.
|
|
|
|
|
|
