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Author Topic: Generating Passive Income  (Read 3322 times)
mast3rm1nd
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October 21, 2017, 10:25:43 AM
 #61

I think you mean proof of stake POS coins where the amount of coins you have is sort of a miner for you. it's a very interesting solution to the energy problems of POW mining. I personally would like to see all crypto adopt POS.

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October 21, 2017, 11:02:03 AM
 #62

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.
There are a few POS coins out there but like Mocacinno said you could earn a certain percentage but then the coin may drop 50% or so, really there is no certainty with the POS coins if you are looking for something long term.

The other way you could earn is by holding a few altcoins and see how they go.
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October 21, 2017, 11:08:12 AM
 #63

Passive income is when your money is working for you and i'm glad to say that you can have passive income by just investing money in good coins like bitcoin and other altcoins and you must know the risk of investing money in cryptocurrencies and if you will keep it like the stock market that is keeping their share for long term then you can create a solid passive income.



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October 21, 2017, 11:18:52 AM
 #64

Passive income is when your money is working for you and i'm glad to say that you can have passive income by just investing money in good coins like bitcoin and other altcoins and you must know the risk of investing money in cryptocurrencies and if you will keep it like the stock market that is keeping their share for long term then you can create a solid passive income.

Investing in any of the cypto currency can earn you those passive income provided the coin purchased by you move upwards in price and not vice versa else it can turn a gain into a loss. Also one should keep checking that these coins give you a good gains as a passive income else sell and buy another good coins.
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October 21, 2017, 11:22:29 AM
 #65

Holding bitcoin is almost a proven way to generate passive income with minimum deligence.
According to my particular experience in crypto market, i do mostly invest in smart tokens, then i wait for it being listed on exchanges.
Hopefully reselling these tokens makes me good profits.

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October 21, 2017, 11:23:54 AM
 #66

I usually buy a new altcoin listing on the market, but I have to know and good altcoin news ideas for the sword in the long run and the price increases, so I can get a profit from the increase.
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October 21, 2017, 11:31:27 AM
 #67

I usually buy a new altcoin listing on the market, but I have to know and good altcoin news ideas for the sword in the long run and the price increases, so I can get a profit from the increase.

I think buying new atlcoin is not good for long term because it’s more complicated to analyze and usually all the new coins will pump and dump right away. Instead invest on bitcoin that can generate a good passive income to you so you can be able to maximize the profit. Hold it for good, that is a good way to make passive income.
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October 21, 2017, 12:09:38 PM
 #68

I agree with you, if bitcoin is the best long-term or short-term investment because bitcoin progress will continue to increase, some users and investors take advantage of the bitcoin feature as a lucrative passive income and I think investing in a new altcoin is certainly risky because there are doubts about the potential of the coin this will develop or disappear
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October 21, 2017, 12:22:48 PM
 #69

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 still a lot of transactions made in a day and the fees for those transactions are paid to the miners so they continue to operate Bitcoin.
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October 21, 2017, 12:45:37 PM
 #70

Holding will give us passive income and it's trading. You just buy bitcoin, hold for sometime and sell it when you are confident to have some decent profit. And for altcoins, if you are looking for some of it that will be giving you passivw income, go for ethereum and bitconnect these alts are good for someone that wants passive income.

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October 21, 2017, 03:06:03 PM
 #71

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,

It's true, however, since you can earn passive income, why not earn more income instead of waiting for your passive income. There's a lot of ways t earn bitcoin, you can join signature campaigns, trade and a lot more. It's good that people were able to discover bitcoin.

theres a lot of ways to earn bitcoin, thru mining, invest or trade in a exchange and join in a signature campaigns. people all over the world is now curious how bitcoin works. they cannot ignore the fact that bitcoin is make millions of people to have opportunities to make millions of dollars or a passive income.. but as the billionaires said you cannot rely in 1 stream of income only. just an advice for us, dont rely on bitcoin only. theres a plenty option to have a passive income and we need to make multiple streams of income so that all our money will works for us not people works for money.. you can invest in real estates, invest or trade in stocks, create your own business and so on .. so we need to find also our passion Smiley

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October 21, 2017, 03:19:31 PM
 #72

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,

It's true, however, since you can earn passive income, why not earn more income instead of waiting for your passive income. There's a lot of ways t earn bitcoin, you can join signature campaigns, trade and a lot more. It's good that people were able to discover bitcoin.

theres a lot of ways to earn bitcoin, thru mining, invest or trade in a exchange and join in a signature campaigns. people all over the world is now curious how bitcoin works. they cannot ignore the fact that bitcoin is make millions of people to have opportunities to make millions of dollars or a passive income.. but as the billionaires said you cannot rely in 1 stream of income only. just an advice for us, dont rely on bitcoin only. theres a plenty option to have a passive income and we need to make multiple streams of income so that all our money will works for us not people works for money.. you can invest in real estates, invest or trade in stocks, create your own business and so on .. so we need to find also our passion Smiley

Often in passive income, you have to commit the time and energy up front. you need to build the machinery before the machine can work without your assistance. The income is lagged.

Passive income is also important for the financial security it can offer. Although you might take a risk when first establishing it, if it proves to be a steady flow, it offers great security because it’s not connected to your time. So, for example, if your spouse gets sick or if you can’t work, the idea is you’ll still be earning passive income to pay those never-ending bills.

so passive income, like all income, is still limited by your current worth. it takes money to make money people, and small money doesnt have the chops to attract bigger money to it.

Seem to me like you need to establish active streams first, just so you can fish in the passive ones Wink
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October 21, 2017, 03:23:54 PM
 #73

I think there is no such thing token that generates a passive income for everyday, crypto doesnt work for you to earn a profit. You have to work for your profit. If that is what you are looking for is to generate a passive income daily, get a decent job and work well for it, thats the thing you have the passive profit daily, or have a small bussiness by your own.
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October 21, 2017, 04:06:33 PM
 #74

I think there is no such thing token that generates a passive income for everyday, crypto doesnt work for you to earn a profit. You have to work for your profit. If that is what you are looking for is to generate a passive income daily, get a decent job and work well for it, thats the thing you have the passive profit daily, or have a small bussiness by your own.

Im all about folks actually working to earn value, instead of just gambling away the little they do have in hopes of more (this is the entire crypto scene). But I disagree; there are plenty of ways to passively earn value with cryptos that doesnt involve active work. The tokens you mentions are actually one of the best examples. There are a lot of dividend bearing tokens that will reward you ETH for simply holding them (they are securities, back from before the SEC started forcing everyone to use utility tokens to comply.

You can also use someones investbox (although I dont trust those shits one bit, esp Yobit as they seem to constantly need to raise money to offer the service Wink

Just be smart.
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October 21, 2017, 04:12:17 PM
 #75

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 there are some pos coin that will give you passive income from staking rewards. All you have to do is to open your wallet and let it stake, the other passive income is from masternode. You buy certain amount of coins, make a masternode and let it generate passive income. There are websites where you can see masternodes price and roi.

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October 21, 2017, 04:35:29 PM
Last edit: October 22, 2017, 07:53:00 PM by bitcad4u
 #76

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 there are some pos coin that will give you passive income from staking rewards. All you have to do is to open your wallet and let it stake, the other passive income is from masternode. You buy certain amount of coins, make a masternode and let it generate passive income. There are websites where you can see masternodes price and roi.


You have to work for your profit. If that is what you are looking for is to generate a passive income daily, get a decent job and work well for it, thats the thing you have the passive profit daily, or have a small bussiness by your own And it takes money to make money people, and small money doesnt have the chops to attract bigger money to it.
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October 21, 2017, 04:40:22 PM
 #77

POS coins (proof of stake) are the only ones that I'm aware of, POStoken are currently doing an airdrop so you could get your hands on some for free.
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October 21, 2017, 04:43:04 PM
 #78

Being investor will made a passive income, buy now and sell after 4 years later, PROFIT ! ( only if bitcoin still exist )
Or you can give your ref link to your friend or other people through any local forum. You can explain about bitcoin and how to earn with free in order to attract people to sign up on your ref link, PROFIT everyday !
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October 21, 2017, 04:45:19 PM
 #79

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,
True, compared to all digital currency, bitcoin is the strongest and safest currency. It brings huge profits in a short amount of time. This is what we all want.
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October 21, 2017, 05:07:01 PM
 #80

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.
Which means passive income would really be nearly impossible to happen and dont really have an assurance even we can do see altcoins that use POS. 10% in one year isnt really worth at all but yet much better since you dont have nothing to do.Generating passive income would only be possible on some investments either gambling site bankroll investments. Lending business and other real world kind of business which would really result on leveraging which is great but for now on pointing out on altcoin then I cant really recommend anything at all.

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