Bitcoin Forum
June 16, 2024, 05:12:27 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5] 6 7 8 »  All
  Print  
Author Topic: Crypto passive income - a bubble?  (Read 955 times)
Eco_111
Member
**
Offline Offline

Activity: 210
Merit: 14


View Profile
August 26, 2020, 07:15:55 AM
 #81

Although you should consider checking what the project has to offer crypto space, meaning what it's use case is all about, this is what will determine it's future survival, do not invest on POS coins that aren't useful, they will go down in price really fast
Kotone
Hero Member
*****
Offline Offline

Activity: 1372
Merit: 503


View Profile WWW
August 26, 2020, 07:19:49 AM
 #82

Currently, the crypto ecosystem is not ideal for the concept of passive income. Many projects with the theme of passive income fail because the coins they get from staking will always be sold, which causes a constant drop in prices.
Lending is some sort of passive income and also staking. Not all passive income are dangerous its up to you which platform you think is gonna ruined your portfolio. If you pick a none worthy token then you only burning your funds and instead of earning passive income you will incurred losses.

PerfectCircle
Member
**
Offline Offline

Activity: 252
Merit: 11


View Profile
August 26, 2020, 07:30:36 AM
 #83

Many top exchanges are offering staking features on their very own Platforms, how is this not a good move over POW Algorithm? Staking is way better and more convenient than mining, you can stake Qtum, Cosmos, Cardano, Algorand, stratis etc, these coins are most popular and reliable too judging from their use case.

▬▬▬▬▬▬▌   Vulcan Forged    ▐▬▬▬▬▬▬
▬▬▬▬▬▬▌    Telegram   ▌    Discord      ▌     Twitter      ▐▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬   DISCOVER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
tvplus006
Legendary
*
Offline Offline

Activity: 2338
Merit: 1734


To the moon


View Profile WWW
August 26, 2020, 07:52:18 AM
 #84

Between mining and staking I prefer mining because it's more profitable than staking, most staking coins only give up to 15% ROI annually, mining is more profitable than POS coins, right now I plan on adding more graphics card to my mining rigs

When mining, you need to invest in equipment that becomes obsolete very quickly due to the increasing complexity of mining. In addition, you will need a separate room if you are engaged in mining on an industrial scale and regular payment for electricity. In the case of stacking, you will not have any expenses related to generating revenue.

jambul_kribo
Sr. Member
****
Offline Offline

Activity: 980
Merit: 250



View Profile
August 26, 2020, 08:26:02 AM
 #85

Between mining and staking I prefer mining because it's more profitable than staking, most staking coins only give up to 15% ROI annually, mining is more profitable than POS coins, right now I plan on adding more graphics card to my mining rigs

When mining, you need to invest in equipment that becomes obsolete very quickly due to the increasing complexity of mining. In addition, you will need a separate room if you are engaged in mining on an industrial scale and regular payment for electricity. In the case of stacking, you will not have any expenses related to generating revenue.
we need high investment amount to start our mining tools. graphic cards, speciall room  and its cooler , high electricity capacity and many others thing. but its depend on personal which have their own money and capability . as a miner or staker we must calculate its advantages and disadvantages in future not only now.

▄▄▄ ▄▄  ███▄████▄ ▄▄▄
████████▄███████████
▄█
██████████████████▄███
▀█████████████████████▀
██████████████████
██████████████
███████████
▐███████████████████▌
███████████████████
▐█████████████████▌
███████▀▄▀███████
▐██████▄▀▀██████▌
▀▀███████████▀▀
                          ███
                         ▀▀▀
                    ███▄▀
                   ▄
▀▀▀
             ▄███▄▀      ████
       ▄███▄▀ ▀▀▀        ████
  ███▄▀ ▀▀▀        █████ ████
  ▀▀▀              █████ ████
             █████ ████ ████
       █████ ████ ████ ████
 ████ ████ ████ ████ ████
 ████ ████ ████ ████ ████
███████████████████████████████
VALUE INCREASES
    NEVER DECREASES
THE WORLD'S MOST POWERFUL
STORE OF VALUE CURRENCY

.
|     Twitter     |   Facebook  |  Instagram  |   Telegram  |    Discord    |
████████
██
██
██
██
██
██
██
██
██
██
██
████████
████████████████████████████████████████     ███████████
.
BUY NOW
.

███████████     ████████████████████████████████████████
████████
██
██
██
██
██
██
██
██
██
██
██
████████
Jackl87
Sr. Member
****
Offline Offline

Activity: 1722
Merit: 269


View Profile
August 26, 2020, 08:47:49 AM
 #86

It depends i guess. But if you have a crypto that has a high annual ROI with staking and otherwise no real usecase or isn't listed on good exchanges and has a low trading volume,
then sooner or later the price will drop.
I think this shouldn't be a problem though for big growing projects like Polka or Cosmos, because there should be still enogh buyers to at least take those coins that stakers generate.
hulla
Hero Member
*****
Offline Offline

Activity: 1820
Merit: 566



View Profile
August 26, 2020, 08:53:00 AM
 #87

I see that more and more investors are interested in a passive income that comes from cryptocurrencies. But, I am a little bit afraid that all these concepts: staking, crypto lending, and all form of income that is generated from nothing will end up sooner or later.
Literally, nothing last forever but was used to encourage investors hodling while lending was to help other traders and start up projects. Despite the fact that those two have good features some certain knowledge are needed to select the right investment though cause some crypto stake reward dont worth it.


When you compare mining, you have to buy mining rigs at first, then you need to pay electricity, so you spent a lot of money to mine a Bitcoin and that makes it valuable. What about staking? What you sacrifice to receive new coins?
The only sacrifice in staking is coin selection which i have mention before.

.
.Duelbits.
            ▄████▄▄
          ▄█████████▄
        ▄█████████████▄
     ▄██████████████████▄
   ▄████▄▄▄█████████▄▄▄███▄
 ▄████▐▀▄▄▀▌████▐▀▄▄▀▌██

 ██████▀▀▀▀███████▀▀▀▀█████

▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
  ▀███████████████████▀
    ▀███████████████▀
▄▀▄
█   █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█▀▀▀▀▀█
▀█▀█▀
█▄█
█▄█
▄▀▄
█   █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█▀▀▀▀▀█
▀█▀█▀
█▄█
█▄█
.
         ▄ ▄▄▀▀▀▀▄▄
         ▄▀▀▄      █
         █   ▀▄     █
       ▄█▄     ▀▄   █
      ▄▀ ▀▄      ▀█▀
    ▄▀     ▀█▄▄▄▀▀ ▀
  ▄▀  ▄▀  ▄▀
 ▀▄    ▄▀▀
Live Games

   ▄▄▀▀▀▀▀▀▀▄▄
 ▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄  █  ▄ █ ▀▄
█ █   ▀   ▀   █ █  ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █   █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█  █▄█
█ ▀▀█  ▀▀█  ▀▀█ █  █▄█
█  █    █    █  █  █ █
Slots
.
        ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
        █         ▄▄  █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄       █
█  ▄▄         █       █
█             █       █
█   ▄▀▀▄▀▀▄   █       █
█   ▀▄   ▄▀   █       █
█     ▀▄▀     █   ▀▀  █
Blackjack
.
▄▄▀█████▀▄▄
▄▀▀   █████ ▄▄▀▀▄
███▄  ▄█████▄▀▀▄███
██████▀▀     ▀▀██████
█ ▀▀██▀ ▀▄   ▄▀ ▀██▀▀ █
█    █    ███    █    █
█ ▄▄██▄ ▄▀   ▀▄ ▄██▄▄ █
██████▄▄     ▄▄██████
Roulette
.
█▀▀▀▄             ▄▀▀▀█
█ ▀▄ ▀▄         ▄▀ ▄▀ █
▀▄ ▀▄ ▀▄     ▄▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄  ▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄ ▀ ▄▀
▄ ▀▄ ▀▄ ▀▄  ▄
█ ▀▄ ▀▄ ▀  ▄▀ █
▄▀▄ ▀▄ ▀ ▄▀ ▄▀▄
Dice Duels
khiholangkang
Hero Member
*****
Offline Offline

Activity: 2058
Merit: 566



View Profile
August 26, 2020, 08:55:55 AM
 #88

Isn't this the same as putting money in the bank and we get annual interest? Only here we get bigger, and I don't think this is a bubble because every project that is staking or lending should have profits that will be shared with investors.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄
███░░░░███░░░░███
░░░░░░░░░░░░░
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░░░░███▄█░░░
░░██▌░░███░▀░░██▌
█░██░░███░░░██
█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀
.
REGIONAL
SPONSOR
███▀██▀███▀█▀▀▀▀██▀▀▀██
██░▀░██░█░███░▀██░███▄█
█▄███▄██▄████▄████▄▄▄██
██▀ ▀███▀▀░▀██▀▀▀██████
███▄███░▄▀██████▀█▀█▀▀█
████▀▀██▄▀█████▄█▀███▄█
███▄▄▄████████▄█▄▀█████
███▀▀▀████████████▄▀███
███▄░▄█▀▀▀██████▀▀▀▄███
███████▄██▄▌████▀▀█████
▀██▄█████▄█▄▄▄██▄████▀
▀▀██████████▄▄███▀▀
▀▀▀▀█▀▀▀▀
.
EUROPEAN
BETTING
PARTNER
shoreno
Full Member
***
Offline Offline

Activity: 1750
Merit: 118


View Profile
August 26, 2020, 08:56:13 AM
 #89

on staking you sacrifice your coins , same as when you invest  .you convert your own fiat money to crypto and you hodl that crypto to earn more crypto  . you can also earn from literally nothing  but some of them are not scam like for example when you work on this forum for service or for campaigns and bounties .  earning passive income is not a bubble but if you think it is , you need to sell early so that you can get a profit or get out when the bubble is about to burst .
qwizzie
Legendary
*
Offline Offline

Activity: 2548
Merit: 1245



View Profile
August 26, 2020, 08:59:52 AM
Last edit: August 26, 2020, 09:18:36 AM by qwizzie
 #90

Is crypto passive income a bubble when more and more exchanges implement staking or locked savings options ? Or is it a sign that crypto passive income is simply expanding ?
On the other hand is the whole crypto market (ICO's, IPO's, DeFi projects, PoW cryptocurrencies, PoS cryptocurrencies) not subject to bubbles, that inflate during bull market and deflate during bear markets ?

What do staking projects sacrifice to receive new coins ?

- short term strategy in favor of long term strategy, as staking requires in most cases to lock those coins for a long period of time. If you have a day-trading mentality then this is obviously not for you.
- server renting costs, particularly with PoW masternodes projects which require a copy of the full blockchain on servers.
- an financial longterm investment on either third party websites (exchanges) with no possession of the private keys or on cold wallets / hardware wallets with full possession of the private keys

What do staking projects offer to receive new coins ?

- full nodes that are online 24/7, particularly with PoW masternodes projects. Creating a strong full nodes network.
- services that simply can't exist without a strong full nodes network, particularly with PoW masternodes projects that settle transactions (sent, receive , spend) within a few seconds and offering optional
  privacy on transactions.
- with Dash in particular, the network gets protected against 51% attacks through ChainLocks. Making the Dash PoW network more secure then other PoW networks like Bitcoin, Litecoin, Ethereum etc.

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
tsaroz
Legendary
*
Offline Offline

Activity: 2982
Merit: 1069


★Bitvest.io★ Play Plinko or Invest!


View Profile WWW
August 26, 2020, 09:03:31 AM
 #91

I see that more and more investors are interested in a passive income that comes from cryptocurrencies. But, I am a little bit afraid that all these concepts: staking, crypto lending, and all form of income that is generated from nothing will end up sooner or later. When you compare mining, you have to buy mining rigs at first, then you need to pay electricity, so you spent a lot of money to mine a Bitcoin and that makes it valuable. What about staking? What you sacrifice to receive new coins?

Most of the so called cloud mining are just scams. Staking coins too won't be able to promise the same price for the investors as it really depends on how useful the coin is or how much they can manipulate it and how long.
For anyone to give us a profit, they need to generate more profit from our money. Trading is a good way of making money that's why exchanges can provide us with interest, similar are the case with legit lending platforms and Defis.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
amishmanish
Legendary
*
Offline Offline

Activity: 1904
Merit: 1158


View Profile
August 26, 2020, 09:23:52 AM
 #92

In case of staking, you need to take the risk of believing that the product is not a scam, buying a handful of those tokens (upto 100K), invest into a cloud service to let that stake run on an instance of hardware which contributes to the network. You can also choose to run it on your own hardware with some investment.
Earning passive income from all of that effort is nowhere different than setting up a mining rig for bitcoin in terms of simply the effort. The only problem is your risk is higher as you have to choose from thousands of these options. If someone wants to do their own research and actually try and earn from these ventures then it is their own perogative. These things have been of a bubble nature since the beginning, that is why the pumps and dumps. Such is the nature of almost every speculative trading asset.
enhu
Legendary
*
Offline Offline

Activity: 2492
Merit: 1018


View Profile
August 26, 2020, 04:54:34 PM
 #93

In case of staking, you need to take the risk of believing that the product is not a scam, buying a handful of those tokens (upto 100K), invest into a cloud service to let that stake run on an instance of hardware which contributes to the network. You can also choose to run it on your own hardware with some investment.
Earning passive income from all of that effort is nowhere different than setting up a mining rig for bitcoin in terms of simply the effort. The only problem is your risk is higher as you have to choose from thousands of these options. If someone wants to do their own research and actually try and earn from these ventures then it is their own perogative. These things have been of a bubble nature since the beginning, that is why the pumps and dumps. Such is the nature of almost every speculative trading asset.

Almost all of the coins had been accused of scam. Even ETH during its early days was also being accused of scam like the rest of hte pump and dump coins but once they get to be there on top and getting traction, it tends to be a legit one like the DASH which was also being accused as scam from the begining.   There are still developers today that tries to copy what was done with Dash. Its a slow growth though and some end up truly a scam.

██████████ BitcoinCleanUp.comDebunking Bitcoin's Energy Use ██████████
██████████                Twitter#EndTheFUD                 ██████████
justdimin
Hero Member
*****
Offline Offline

Activity: 3038
Merit: 670


www.Crypto.Games: Multiple coins, multiple games


View Profile
August 26, 2020, 05:04:28 PM
 #94

I believe if we could find a way to make it work for ethereum first, that means maybe it will move towards bitcoin as well. I know usually bitcoin doesn't have that kind of huge changes, plus we are talking about a coin that has a little over 2 million left of the 21 million, so only 10% left and by the time ethereum has its own PoS and bitcoin people wants to get that done as well and developers work on it and miners and users switch to that blockchain, it would be probably only 5% left, so I know how impossible it sounds.

But even more importantly if ethereum succeeds, maybe all these pre-mined horrible projects that owners give out tokens for free instead of stake or mine them by the users could switch back to staking it because ethereum did it and managed to succeed.

█████████████████████████
███████▄▄▀▀███▀▀▄▄███████
████████▄███▄████████
█████▄▄█▀▀███▀▀█▄▄█████
████▀▀██▀██████▀██▀▀████
████▄█████████████▄████
███████▀███████▀███████
████▀█████████████▀████
████▄▄██▄████▄██▄▄████
█████▀▀███▀▄████▀▀█████
████████▀███▀████████
███████▀▀▄▄███▄▄▀▀███████
█████████████████████████
.
 CRYPTOGAMES 
.
 Catch the winning spirit! 
█▄░▀███▌░▄
███▄░▀█░▐██▄
▀▀▀▀▀░░░▀▀▀▀▀
████▌░▐█████▀
████░░█████
███▌░▐███▀
███░░███
██▌░▐█▀
PROGRESSIVE
      JACKPOT      
██░░▄▄
▀▀░░████▄
▄▄▄▄██▀░░▄▄
░░░▀▀█░░▀██▄
███▄░░▀▄░█▀▀
█████░░█░░▄▄█
█████░░██████
█████░░█░░▀▀█
LOW HOUSE
         EDGE         
██▄
███░░░░░░░▄▄
█▀░░░░░░░████
█▄░░░░░░░░█▀
██▄░░░░░░▄█
███▄▄░░▄██▌
██████████
█████████▌
PREMIUM VIP
 MEMBERSHIP 
DICE   ROULETTE   BLACKJACK   KENO   MINESWEEPER   VIDEO POKER   PLINKO   SLOT   LOTTERY
mersal
Member
**
Offline Offline

Activity: 1204
Merit: 38


View Profile
August 26, 2020, 05:10:06 PM
 #95

Staking can be considered as a bubble because your funds will not be accessible in that mean while the whales can dump all the tokens and gets the value of shit coins into ero so never stake shit coins no matter how much returns they are giving.Investing on casino bankroll is the legitimate idea but you can't consider it as passive because they are not going to pay you dividends for investing.

Its simply based on the success of the casinos.
Shasha80
Sr. Member
****
Offline Offline

Activity: 1876
Merit: 318



View Profile
August 26, 2020, 05:13:14 PM
 #96

Mining is indeed one of the most popular ways to get passive income in the crypto world. But now mining it's not profitable anymore,
because the costs are very large. People are looking for alternatives to staking, in comparison with mining, I prefer to make money by
staking. Choose reliable platforms for staking, so you can get profit in the long term.

BIGGEST AND MOST
TRUSTED FULLY LICENSED
CRYPTO CASINO
▄▄▄▄█▄█▄▄▄▄
▄█████████████▄
███▀▀███████▀▀███
█▀      ▀█▀      ▀█
███████████████████
███████████████████
█████████████████
███████████████
█████████████
███████████████
███████████████
███████████
▀▀███▀▀
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   █
█   █   ▄  ███    ███   █
█▀▄▀█ ▄███▄ █  ███ █▀▄▀█
█▀ ▀██▀█▀█▀██████  ██▀ ▀█
█   ▄▀▄▀▄███  ██  █   █
█    █▄█  ██  ██ █    █
█    ██  ██  ███    █
█    █  ██  ██    █
▀▄   ▀▄██ ▄▀   ▄▀
▀▄   ▀█▀   ▄▀
▀▄     ▄▀
▀▀▄▀▀
▀▄ ▄▀▄ ▄▀
█▄ ▀█▄▄▀▄▄█▀ ▄█
▀█▀███▀███▀█▀
▄█████████████▄
█████████████████
█████████████████
███████████████
█████████████████
▀█████████████▀
▀██████████████▀
▀█████████████▀
▀█████████▀
▀▀▀█▀▀▀
SPANISH CLUBS
OFFICIAL ASIAN
BETTING PARTNER
ACCEPT
MULTIPLE
CURRENCIES
.
JOIN US
Galley
Member
**
Offline Offline

Activity: 1274
Merit: 14


View Profile
August 26, 2020, 07:01:45 PM
 #97

Mining is a pleasure at a very high cost, which may not always be profitable enough. Passive income earned from betting also requires serious financial investments. In the absence of such, the most acceptable option is trading. With the necessary knowledge, the return will be the most significant.
SistaFista
Sr. Member
****
Offline Offline

Activity: 1638
Merit: 251


Hexhash.xyz


View Profile
August 27, 2020, 02:16:46 AM
 #98

The sacrifice for proof of stake is you must pay for the coin, buying the coin with your own money.
Same with proof of work coins, you must buy the rigs from your own money. I think both of them are good, but i still prefer in proof of work coins.

██████████████████████
██████████████████████
██████████████████████
            ████ 
       ████████████
       ████████████
       ████ ████     
       ████ ████     
    ████████████     
    ████████████     
       ████     
██████████████████████
██████████████████████
█▀▀▀











▀▀▀▀
HEXHASH.XYZ
▀▀▀█











▀▀▀▀
█▀▀▀











▀▀▀▀
WEB3 INFRASTRUCTURE TO POWER THE
FUTURE CREDENTIAL DATA NETWORKS
▀▀▀█











▀▀▀▀
█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ █████████████▀█████ ██
██ ███ ▀█████▀      ▀█ ██
██ ███     ▀▀      ▐██ ██
██ ███▌            ███ ██
██ ████▌          ▄███ ██
██ ██████       ▄█████ ██
██ ████▄▄▄▄▄▄▄████████ ██
██ ███████████████████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ ████████████▀▀▀████ ██
██ ████████▀▀     ████ ██
██ █████▀    ▄▀  ▐████ ██
██ ██▀     ▄▀    ▐████ ██
██ ████▄▄ █▀     █████ ██
██ ██████ ▄▄█   ▐█████ ██
██ ████████████ ██████ ██
██ ███████████████████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
amishmanish
Legendary
*
Offline Offline

Activity: 1904
Merit: 1158


View Profile
August 27, 2020, 01:19:18 PM
 #99

In case of staking, you need to take the risk of believing that the product is not a scam, buying a handful of those tokens (upto 100K), invest into a cloud service to let that stake run on an instance of hardware which contributes to the network. You can also choose to run it on your own hardware with some investment.
Earning passive income from all of that effort is nowhere different than setting up a mining rig for bitcoin in terms of simply the effort. The only problem is your risk is higher as you have to choose from thousands of these options. If someone wants to do their own research and actually try and earn from these ventures then it is their own perogative. These things have been of a bubble nature since the beginning, that is why the pumps and dumps. Such is the nature of almost every speculative trading asset.

Almost all of the coins had been accused of scam. Even ETH during its early days was also being accused of scam like the rest of hte pump and dump coins but once they get to be there on top and getting traction, it tends to be a legit one like the DASH which was also being accused as scam from the begining.   There are still developers today that tries to copy what was done with Dash. Its a slow growth though and some end up truly a scam.
I agree that all of these other projects have been accused to be scams. Depends on who you ask. What people actually want to say is not to compare all of these things with bitcoin. Every one of these projects at some point want to project themselves as bitcoin. Either the supporters or the devs themselves. They don't accept that bitcoin is different in the sense that there has never been a founder owner with a huge premine stake. They need to agree that the fundamental concept of decentralized, permissionless money with no central influence cannot be replicated again and again. You don't invent the wheel twice.

If these projects stay their own course, i think there is space for everyone's niche. The arguments gets muddled when the supporters and shills try to compare them to bitcoin.
FontSeli
Hero Member
*****
Offline Offline

Activity: 1218
Merit: 858



View Profile
August 27, 2020, 08:50:52 PM
 #100

It depends i guess. But if you have a crypto that has a high annual ROI with staking and otherwise no real usecase or isn't listed on good exchanges and has a low trading volume,
then sooner or later the price will drop.
I think this shouldn't be a problem though for big growing projects like Polka or Cosmos, because there should be still enogh buyers to at least take those coins that stakers generate.

I have seen several coins that offered staking (paying interest for freezing a certain number of coins). All these projects ended up either fraud or a serious drop in price. Therefore, I recommend making better money on trading or long-term investment in such coins as Bitcoin or Ethereum, and it is better to avoid various stakings.
Pages: « 1 2 3 4 [5] 6 7 8 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!