Generating Passive Income

[lordquanta]

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,

Absolute passive income like rent a house from the bitcoin or alt coins is not possible. Those sites which assures the monthly income or for that matter daily return on your investment are scams.
One big example of such cloud mining scams is bitcoingrowthfund and gainbitcoin. Stay away from them. Somewhat real deal cloud mining sites have return so low that you may want to keep your money somewhere else.
Ongoing passive income is not something coins are designed for. These coins are there to put in use, many of them have actual use case. They don't need to be treated as commodity.

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[sunsilk]

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 mine and trade alt coins. Buying and holding bitcoin is a passive income and it will really give you great profit until the day that you are willing to sell it.

There are some other ways that you can add some passive income by investing to ICOs and also by investing to the bankroll of a casino.

Having a lot of source will give you passive income.

[croTek4]

Well, technically speaking, there's no income generation when you buy a cryptocurrency. You buy one coin, no matter how long you wait you will still have 1 coin.
However theses coins can give you access to more coins, depending on what you are speaking. Some cryptocurrencies works with PoS, which means you have to let your wallet run an algorithm and you can get a percentage of your stake in a fixed amount of time (you have to check coin specs' for the actual numbers).

You can also encounter new currencies that distribute the pre-mine depending on how much you were holding another older coin (Bitcoin or Ethereum for example).
Also, you can get free coins if there's a hard fork, as you can then sell the forked coins for some additional main coins.  ^^

[J. Cooper]

Proof of stake is probably the closest you will get to a passive income. However this requires some kind of initial investment to start 'staking' and receive an interest every so often. Maybe you should check out Diamond coin (DMD), someone recommended it to me but it required quite an investment. An investment I couldn't afford.

[thend1949]

Well, technically speaking, there's no income generation when you buy a cryptocurrency. You buy one coin, no matter how long you wait you will still have 1 coin.
However theses coins can give you access to more coins, depending on what you are speaking. Some cryptocurrencies works with PoS, which means you have to let your wallet run an algorithm and you can get a percentage of your stake in a fixed amount of time (you have to check coin specs' for the actual numbers).

You can also encounter new currencies that distribute the pre-mine depending on how much you were holding another older coin (Bitcoin or Ethereum for example).
Also, you can get free coins if there's a hard fork, as you can then sell the forked coins for some additional main coins.  ^^

I believe that passive income mainly involves buy and sell of coins, and of course older coins might pump when you are going to hold it for a long period of time. Not just for bitcoin and ethereum, maybe we could just look into another crypto currencies and those coins that are going to pump might be able to withstand it value for years of fluctuating. As far as I see more coins now were developing their profit gains that's why you won't even notice the price goes up and that really happened on lots of coins in the crypto markets.

[Mpamaegbu]

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,

Airdrops have been mentioned. That's correct. Some devs do give out some coins from their work for promotion and advert sake. You can sell off these coins once they hit the market or exchange them for bitcoin .

Mining has been.mentioned. That's bullcrap! Mining doesn't give that passive income. It isn't even profitable anymore this day.

But how come no one mentioned coins that are into lending and lockdown programmes like Bitconnect coin and Regalcoin. These coins offer you the opportunity of a true passive income through daily interest paid on your lending investment with them. OP, you may want to google them for more insight.

[_Dawid_]

Bitcoin is very good source of passive Income, but not only the one.
You will be able to find hundreds of coins which let the owner earn some extra money. You should also look for the coin with masternodes like Solaris which signature campaign i take part. The disadvantage of the masternodes is a fact that you need plenty of its coin to join a party.
So try to safe some  now and then in the future buy things like that.

[soham]

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,

There are some altcoins with POS algorithm which can generate passive income for you. It works on proof-of-stake basis. It rewards you if you hold some amount of that coins in your wallet. The rewards are automatic and you will keep receiving free coins based on your holding amount as long as the algorithm permits. However, the POS coins are not very successful in the trading market. At least I don't know about any POS coin which has a great value probably because you can receive free coins. (I may be wrong on that, so please correct me and let us know about valuable POS coins if you know any). So the best way to generate a robust passive income is to hold bitcoins for a longer term like 3-5 years. It will not increase the amount of bitcoins you hold over time, but it will increase in value for sure. 

[Pearls Before Swine]

Buying & holding seems to be a great way to make capital gains, but that's totally different
than passive income.  Bank interest, stock dividends, and rental properties (sort of) give
you passive income, not holding bitcoin.  The key word is income.  Bitcoin doesn't
provide any of that.

I suppose lending would qualify, but that's very risky.

[richminded]

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 there are some coins that generate passive income over time thru investing if I'm not mistaken, but hey if you really know how to trade much better and for me just buy and hold bitcoin on your wallet it will surely increase on value and that is capital appreciation and i can consider that as passive income because you make money their over time. Bitcoin is very effective in a way that it will give you a good return, just buy and hold for good.

[0t3p0t]

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 know exactly what you are looking for mate and the answer to your question about a specific token that is designed to generate a passive income is the SPEC tokens. As we all know about the fact that the simplest way to make profit on crypto at the moment seems to be just buying and holding Bitcoin but obviously altcoins take part in that category too. Nowadays altcoins plays important role in the crypto market due to the increasing numbers of traders arround the world. Okay, let's go back to SPEC tokens which stands for SPEculative Tokenized TRading Exchange offers a brokerless trading platform that removes brokers from the equation and it is also built under Ethereum blockchain. SPECTRE.ai has two tokens namely, SPEC D which is the dividend and SPEC U for utility token. SPEC D holders get dividend every month and every year while SPEC U receive higher payouts and a wider variety of assets. For more information about the said tokens and it's ongoing project here's the link.

Ann Thread: https://bitcointalk.org/index.php?topic=2169122.0

Bounty Thread: https://bitcointalk.org/index.php?topic=2199275.0

[shoreno]

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 try to add altcoins to your list because some altcoins can also posibly increase overtime just like bitcoin but not stable as bitcoin although there are times that bitcoins value is also dropping because of volatility and also mining can do passive income but the  downside is  mining tends to be difficult these days and also mining hardwares and gpu/cpu are way expensive plus the bills of your electricity would cost much.

[949miner]

So far there is no cryptocurrencie that has been created that offers these characteristics that you ask for. But also i do not know why you dont like buying altcoins and hold them until they increase in value, since it is one of the best known and most profitable practices in any type of investment.
I try to buy cheap altcoins and sell them when they increase their value by at least 30%.

[traderethereum]

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,

bitcoin can not give you passive income but you can double your money for a long term and i think its for the other coins too. and if you hold top ten coins listed in the coinmarketcap for a long time, then i think you can get passive income too. but i think the meaning of passive income is should like this, you can earn some money by monthly and if that is what your mean then i think you need to have real investment like house, building and else and you rented your building to other people.

[entrepmind23]

You can put your bitcoin in bitfinex and then go to margin funding. You can let other traders borrow your funds for some interest depending on how much you will charge them and you can set up a daily or term basis. Minimum funding would be $50. I know someone who got involve with this and has been an early adopter of bitcoin and now he just margin fund some of his money and earn more than $1,000 a day. This is literally passive income cause you are not doing anything but earning. You can also try PoS (Proof of Stake). There are many coins out there that offer this. You just have to stake your coins and some has ridiculously high returns like B3 Coin having 20% per day return.

[fishbonez11]

Yes you can generate passive income just by buying and holding, but the profit will not be that high (or depending on the amount that you're buying). You can also try trading or mining.

[topvmax]

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,

yes i think there are some coins that rewards the people who hold their coins for a long period of time.. this is what they it proof of stake (POS) .. some coins i know is ARK and PIVS .. will good roadmaps and projects is okay to hold that two coins with the value keep increasing and when you hold it you have a rewards or passive income just like dividends or profit sharing in stocks. POS is not the same with Proof of work (POW) .. coins that is POW is the coins that is mineable just like bitcoin, litecoin, digibyte and plenty more. im not very knowledgeable about this. feel free to share some insights that you know to me. thanks

[Seansky]

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,

There are coins designed specifically to generate ongoing passive income for holding them and so on. These type of tokens are often known as Proof of Stake(POS) Tokens. Some coins that I know are pesobit, though it will only generate users some extra when they staked it. Another one is waves but it is not profitable. Still, it gives passive income. As far as I remember, there is a token which is waves based giving dividends to holders just by holding it and it is shadowtoken. For more into about it, just search for it in this forum, I might be wrong though.

[Razick]

When I first learned about passive income, it was like my whole idea of how to make money changed instantly. I had never really considered that making money passively was even a possibility. Working a dayjob was how I always imagined life is supposed to be. The interesting thing is if you actually work an average dayjob but save money each paycheck and invest it, you are pretty much guaranteed to be a millionaire eventually with the power of compounded interest.

[Uberzugzug]

Passive income is the best way to have financial stability. Having passive income means you are earning money to cover for you expenses without working on a regular job. Your investment is the one working for you. Your money is working to have more money.