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Author Topic: bitcoin dont pay our billls we need passive income  (Read 1412 times)
naikturun
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October 09, 2020, 04:02:28 PM
 #141

basically crypto cannot be categorized to get a steady income.
because the value is very volatile.So, for example, if you staked and received a token prize within an uncertain amount of time, you could lose because the value of the asset you are staking is unstable.

Volatility of price is one thing for crypto, but even if it there was no volatility, crypto does not create an income stream itself. Just like owning gold doesn't produce income, owning crypto doesn't produce income. It's an unproductive asset. The only potential return it represents is capital appreciation. There is no cash flow associated with owning it.

well, that is what I mean if you or someone wants to get the results of the assets that he buys / gets, he can try other things such as buying a house and renting it out, opening a business, and others that give value / results every day or depending on you determine it.





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October 09, 2020, 07:56:18 PM
 #142

You can lend your bitcoins or put them into an interest account. There are several platforms that offer as high as 6% APY. It is not a very high return, but not on the low end either. However you need to take into account the risks associated with keeping your cryptocurrencies with an unregulated entity.

On the other hand you can get a loan in cash against your crypto and leverage that money elsewhere while keeping your stash of sats. Financial engineering gives us a lot of possibilities. We just need to apply them.
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October 09, 2020, 09:38:49 PM
 #143

You can lend your bitcoins or put them into an interest account. There are several platforms that offer as high as 6% APY. It is not a very high return, but not on the low end either. However you need to take into account the risks associated with keeping your cryptocurrencies with an unregulated entity.

On the other hand you can get a loan in cash against your crypto and leverage that money elsewhere while keeping your stash of sats. Financial engineering gives us a lot of possibilities. We just need to apply them.
4%-6% APY wont really be worth on the risk given.I would rather just hold up my own coins with my own wallet and might able to earn which is more that with that 6% max per year.
You can eventually earn better than that if you do know on making decisions on when to buy or to sell.Going back to the topic on crypto doesnt pay our bills? yes it does but if we do
know how to diversify and make use of those investment then it can really compensate or would really able to do on what you do seek for.Passive income or leverage ones is plausible
but depending on how a certain individual would utilize things up.Not all would succeed though but there are indeed lots of various ways to achieve such.

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October 10, 2020, 07:05:31 AM
 #144

Crypto is usually more convenient for investment bills do not offer benefit these are completed through bank loans do not accept stratified currency and are not under government control if the government had been in control the fiat currency would have plummeted. So bitcoin will not pay the bills but will give a lot more profit by investing as passive income.
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October 10, 2020, 02:24:35 PM
 #145

basically crypto cannot be categorized to get a steady income.
because the value is very volatile.So, for example, if you staked and received a token prize within an uncertain amount of time, you could lose because the value of the asset you are staking is unstable.

Volatility of price is one thing for crypto, but even if it there was no volatility, crypto does not create an income stream itself. Just like owning gold doesn't produce income, owning crypto doesn't produce income. It's an unproductive asset. The only potential return it represents is capital appreciation. There is no cash flow associated with owning it.

well, that is what I mean if you or someone wants to get the results of the assets that he buys / gets, he can try other things such as buying a house and renting it out, opening a business, and others that give value / results every day or depending on you determine it.

Bitcoin may not pay our bills immediately when we needed it the most but bitcoin for me was a good investment. If ever you're lucky enough to have an extra fiat or extra money that you think you may wanted to invest in it and you're willing to take risk for an investment then it'll be good. We have different enterpretatio. When it comes to bitcoin, this may not be a passive income but if you really know hoe to deal with cryptocurrency you will never get lost at all.

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October 11, 2020, 05:11:19 AM
 #146

I think is bitcoin is good for paying bills because it can give you a less hassle and it very easy for me so that why I recommend bitcoin. But I think in your country  they didn't accept  bitcoin for paying bills.

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October 11, 2020, 05:53:47 AM
 #147

btc is not good to pay our bills.,

we need new way of passive income goverments should start giving out universal income Smiley there is need for passive income



who will vote for that?=

I don't know your location but I'm paying my bills from my income in Cryptocurrency and trading Bitcoin, it's not good for the government to give free money or passive income it will just make their citizen rely on dole out  and this passive income, they can give it's people who lost their job or victim of this pandemic but not every citizen who can afford to make an income in this pandemic.

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October 11, 2020, 09:46:04 AM
 #148

btc is not good to pay our bills.,

we need new way of passive income goverments should start giving out universal income Smiley there is need for passive income



who will vote for that?=
Don't bother government because of your own Laziness .

Find a Job,Make your own income and let government do their job also in progressing your country.

Bitcoin on the other hand also has no responsibilities on you.

we are here to Help community and to invest,and not because we wanted to live forever in dreams like you.

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October 11, 2020, 11:20:32 AM
 #149

btc is not good to pay our bills.,

we need new way of passive income goverments should start giving out universal income Smiley there is need for passive income



who will vote for that?
Maybe you are not earning enough Bitcoin to pay for your bills and I don't think government will give you passive income you must work to make a living and do not put everything to the government, the government can only give you free education and subsidy but passive income so you will not work anymore? That's not going to happen.

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October 11, 2020, 12:25:25 PM
 #150

It is better to work with your ability to pay your bills than waiting for passive income to pay your bills. Sometimes free opportunity fail us in a process just because we relax on that free money to pay our bills. During the lockdown our government promised the citizens a passive income to pay their bills due to what covid-19 has caused to their business and other things which make many people to quit from their job and other work hoping free money is coming to pay bill. And the end of it many find it difficult to pay their bills because the money is too small to pay bills in the society.
those of us who where still investing with bitcoin to make money to pay our bills with our ability to trade our coins in different market to get a good profit out of the investment.
I think bitcoin can pay our bills. If you invest very well with your bitcoin you can pay all your bills. Bitcoin is a decentralized is not control  by government your profit is your profit and your money is well safe.

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October 12, 2020, 04:03:33 PM
 #151

btc is not good to pay our bills.,
we need new way of passive income goverments should start giving out universal income Smiley there is need for passive income
who will vote for that?=

As far as I know bitcoin and other cryptocurrencies can provide passive income, right? Roll Eyes

In my opinion, don't put your hopes up on the government. Better to focus on looking for work and use the money to buy land etc. which can give you passive income.  Grin
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October 13, 2020, 03:01:10 AM
 #152

btc is not good to pay our bills.,

we need new way of passive income goverments should start giving out universal income Smiley there is need for passive income



who will vote for that?=
That's quite convenient. However, gotta work for it. If you want passive income then find ways. Build business, gain capital, invest etc. But it's not gonna be that straightforward. It may seem simple but those things needed to be attended wisely. It may need to be delved deeper to specific area and establish your foundation. You need to have a lot of knowledge to excel and become a successful one.

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October 14, 2020, 04:13:18 PM
 #153

basically crypto cannot be categorized to get a steady income.
because the value is very volatile.So, for example, if you staked and received a token prize within an uncertain amount of time, you could lose because the value of the asset you are staking is unstable.

Volatility of price is one thing for crypto, but even if it there was no volatility, crypto does not create an income stream itself. Just like owning gold doesn't produce income, owning crypto doesn't produce income. It's an unproductive asset. The only potential return it represents is capital appreciation. There is no cash flow associated with owning it.

well, that is what I mean if you or someone wants to get the results of the assets that he buys / gets, he can try other things such as buying a house and renting it out, opening a business, and others that give value / results every day or depending on you determine it.

Bitcoin may not pay our bills immediately when we needed it the most but bitcoin for me was a good investment. If ever you're lucky enough to have an extra fiat or extra money that you think you may wanted to invest in it and you're willing to take risk for an investment then it'll be good. We have different enterpretatio. When it comes to bitcoin, this may not be a passive income but if you really know hoe to deal with cryptocurrency you will never get lost at all.
well i agree with the share not for passive income.
indeed bitcoin is a good investment for now, but you also have to learn or have knowledge about it, because making a profit in it is not as easy as it looks.





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October 17, 2020, 06:39:02 PM
Merited by SirLancelot (1)
 #154

You can lend your bitcoins or put them into an interest account. There are several platforms that offer as high as 6% APY. It is not a very high return, but not on the low end either. However you need to take into account the risks associated with keeping your cryptocurrencies with an unregulated entity.

On the other hand you can get a loan in cash against your crypto and leverage that money elsewhere while keeping your stash of sats. Financial engineering gives us a lot of possibilities. We just need to apply them.
Yeah, there are various ways which allow you to earn money regularly which is being termed as passive income here. I will try and list a few ways of earning in case people are feeling out of ideas.

Investment based income methods

- Lending or staking coins
- Trading (but this is not easy)
- Day trading like buying bitcoins at a cheaper price and selling at a higher price, I don't call this trading because we are buying and selling a single asset just at different values.


Non-Investment Based methods

- Freelancing
- Participating in various bounty programs
- Offering whatever service you are good at here in the services section - https://bitcointalk.org/index.php?board=52.0

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October 17, 2020, 07:26:38 PM
 #155


There are projects that provide income but will need also a huge amount for investment. Staking coins is a good example of this. There are simple coins like NEO that also provide GAS for its holder which is almost like Staking.  You don't need bitcoin to earn passive income but it is however the best investment you could have.

DEFI has this kind of feature which is why some are trying to send thier ETH to Uniswap to oin the liquidity pools because they earn  through it. Thats passive income too.

You can't put all the weigfht to the government to provide you things, thats not how things work in pandemic times.

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erikoy
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October 18, 2020, 01:22:37 AM
 #156

There are just lazy person wanting a passive income without working on it. This is not the way the government wanted at least you could have done something to do good for the government in return or to the community. You are just longing for a passive income when you can't get help yourself to get a job at least or start a business. It would be better if you can think or started to get involved and once you will be successful one day you can have pasive income.

Get your ass move first before making delusionals on making passive income.
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October 18, 2020, 10:13:48 AM
 #157

I think is bitcoin is good for paying bills because it can give you a less hassle and it very easy for me so that why I recommend bitcoin. But I think in your country  they didn't accept  bitcoin for paying bills.
That's the problem otherwise we all can use bitcoins for all bill payments.

By the way the discussion on this thread is not about bitcoin acceptance rather about the fact that been into crypto as an holder we often miss a passive income source and to pay our bills and daily needs we need a particular passive income source which helps us pay the bills.

I am been into this crypto space for years now and I can proudly say that I earn decent enough to pay almost all of my bills, some might say that I was an early investor but no I wasn't and all I have earned is by working for various ICOs and collecting so many coins for free and while some have been disastrous but a few have given me really good returns. I don't invest much but I pick an ICO and work for them all day and night with all my dedication and they usually pay good.

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October 18, 2020, 12:37:35 PM
 #158

There are just lazy person wanting a passive income without working on it. This is not the way the government wanted at least you could have done something to do good for the government in return or to the community. You are just longing for a passive income when you can't get help yourself to get a job at least or start a business. It would be better if you can think or started to get involved and once you will be successful one day you can have pasive income.

Get your ass move first before making delusionals on making passive income.

Can't put it any better than this. As a result of the proliferation of populist regimes which handout welfare like there is no tomorrow, a large section of the population doesn't want to work. They want to sit at home and survive on welfare payments and food stamps. This is not something that can be encouraged. Governments need to understand that socialism is a failed ideology and socialist policies belong to the dust bin.

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October 18, 2020, 12:59:15 PM
Last edit: October 19, 2020, 06:33:42 AM by Blue MoonFlower
 #159

I disagree with this statement. Bitcoin itself is an easiest payment method that made our lives more easier, so how can you say that it cant pay our bills?
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October 18, 2020, 01:11:25 PM
 #160

There are just lazy person wanting a passive income without working on it. This is not the way the government wanted at least you could have done something to do good for the government in return or to the community. You are just longing for a passive income when you can't get help yourself to get a job at least or start a business. It would be better if you can think or started to get involved and once you will be successful one day you can have pasive income.

Get your ass move first before making delusionals on making passive income.

You're quick to judge but passive income is a better form of income and it doesn't mean a person who wants to acieve it is lazy. Many people I know worked hard all their lives to finally achieve passive income in their 50s or 60s. I know a man who owns warehouses and rents out storage space, I also know a guy who owns a hotel. They both had to spend a lot of time and money before the businesses grew enough. Demanding a high and sustainable passive income from something like PoS mining is a bit naive, but using market investments to build a self-sustainable business is a great idea.

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