Generating Passive Income

[Valkyria_Obscura]

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,

[1713451168]

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[1713451168]

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[TagaMungkahi]

I don't think there is any chance that some coins are generating passive income. It's not like banks that generate revenue if you hold your money to your bank(Interest). Maybe DeepOnion coin. Haha, They do have a LOT of AIRDROP COINS. Kidding aside, I have never seen anything like that.

[mocacinno]

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.

[Milo_Kidd]

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 that will be possible on investing your coins to a mining site. I am not sure if theres a passive way to make you proits grow. But maybe you can try on investment method.

[speedy963]

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 that will be possible on investing your coins to a mining site. I am not sure if theres a passive way to make you proits grow. But maybe you can try on investment method.

I think it probably does. As far as i know, you cannot earn without doing work, so i guess it is maybe haed to earn passively by just investing in some investment plans, but first also you must research further about what you are actually entering like what you ar going to invest in. Aside from bitcoin, you can also have other cryptos as for long term investments example is ethereum, maybe it could help you someday.

[Hamstead]

When we say passive income? Btc will give us passive income, even holding it for a long time. We can generate more bitcoins compared to other coins(altcoins), and we can consider ethereum also as trusted coins aside from having with bitcoin. By keeping this coins you can positively earned profit this.

[nomad1109]

I guess mining is what you're looking for. Ark has a voting system where they give out new coins every week, so that also might be useful. The profits will still depend on the value of the coin tho.

[Zilonglong.bucks]

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'm not really sure if that's really possible passive income that they earn, just like other said, it's not a regular bank stuff. ALL this people holding btc is waiting for a perfect time to sell, I also believe that these people do have regular job aside from mining, holding btc. Just saying 

[Lancusters]

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.

You probably mean the Ethereum. In these coins the developers laid down the mechanism of inflation. POS is an attempt to stop this process but I'm sure it's a ticking time bomb. When it explodes all will suffer who keeps ETH. I do not recommend long to keep money in altcoins.

[okae]

I guess mining is what you're looking for. Ark has a voting system where they give out new coins every week, so that also might be useful. The profits will still depend on the value of the coin tho.

Mining nowadays is not like a passive income anymore at least from my point of view, you need to change of pools constantly because you may want to mine another coin that is profitable now etc etc...so in the end you will need to investigate what coin is profitable now, what pool to use now...well obviously this is different than mining btc, but i don't think that this is our case

[mocacinno]

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.

You probably mean the Ethereum. In these coins the developers laid down the mechanism of inflation. POS is an attempt to stop this process but I'm sure it's a ticking time bomb. When it explodes all will suffer who keeps ETH. I do not recommend long to keep money in altcoins.

I defenately wasn't thinking about ethereum... There are a couple dozen coins that  use POS as their algorithm. Examples are Diamonds, blackcoin, Magicoin,...
I don't really follow altcoin development, but ethereum switching from POW to POS is something i haven't heared (yet).

[ask]

There is no actual passive income in online business models.
You need at least work few hours a day to get paid.

[audaciousbeing]

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,

When it comes to token, its quite risky compared to bitcoin holding. I will suggest that only those ones with ICO running are the best option in my own opinion because those ones, when you invest early, you get to enjoy the bonus which will suffice in case there is drop in its price compared to holding the already launched ones whose value is mostly determined by pump and dump scenarios.

However, in deciding which one to hold, there is need for you to fully understand what it is about and not carried away by the reviews or articles that abound over the web. This are mostly paid write-ups which might not be factual and even be objective because of the payment that would be involved between the promoters/developers and the writers. Your own due diligence is a priority.

[AjithBtc]

Buying and holding bitcoin is surely the best way to generate a better earning, but here all that's required is the patience to hold. Because in between price fluctuations take place, during which one should not get into the panicking mentality but need to overcome the same. When one can do it, profiting or getting a passive income is promised.

[eternalgloom]

There is no actual passive income in online business models.
You need at least work few hours a day to get paid.

That's a very short sighted answer and completely incorrect, you have numerous forms of online passive income.

Investing in a gambling site is definitely passive income, I'd even say that income earned through referrals is also somewhat passive.

Buying coins and waiting for them to increase in value over the long term is passive.

You could also invest in running a masternode, but it's pretty expensive, at least if you want a Dash masternode.
I'll post a few links.

https://steemit.com/masternode/@geodesix/masternode-passive-income-for-all
https://themerkle.com/running-a-masternode-is-an-excellent-way-to-earn-passive-income/

[TTITA]

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.

You probably mean the Ethereum. In these coins the developers laid down the mechanism of inflation. POS is an attempt to stop this process but I'm sure it's a ticking time bomb. When it explodes all will suffer who keeps ETH. I do not recommend long to keep money in altcoins.

as altcoins are affected by pumps.
so it is risky investment for long period, but yes anything investment having risky.
never spend money on where you not ready to losing.

[d.mas]

Having a passive income is always a good option the burden of expenses is less on the income and you are able to save more.

Bitcoins is the good option to generate a passive income,buy the coins and hold it for some time and you will get a good return as the cryptocurrency market is rising, bitcoins market has over powered the value of the Goldman sachs this market is rising and will keep on rising.
Invest in bitcoins you want to see your money to grow.

[BillyBobZorton]

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,

Only ways that I know of making passive income with bitcoin:

1) Getting your Bitcoins in an exchange that pays for loans, like Poloniex. This is high risk because you are just hoping that the exchange doesn't leave with your money, but it's very tempting since it is as close as passive income as it gets that I know of.

2) Holding BTC and waiting for forks to happen. You receive free coins that you can dump for real BTC.

3) Opening a Lightning Network hub: This is not available yet but will be similar to PoS but for BTC.

[merchantofzeny]

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.

I'm quite noobish when it comes to this and have only really held bitcoins. Looks like it would be much safer to hold bitcoins rather than alts? I had a bad experience with Ripple before and I was wondering if that's the norm with hold and trading alts.

[bitgov]

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 that will be possible on investing your coins to a mining site. I am not sure if theres a passive way to make you proits grow. But maybe you can try on investment method.

I think that instead of holding the coin, it is best to do trading so you can even double your budget as opposed to keeping where it is dependent on the market.