Passive income

[iamsheikhadil]

I don't really know much about staking, but $5,000 capital is a good amount to start a irl passive income, if I were you, I would have bought a second-hand car (even a new car not so fancy is available at that price in my country), and then give it out for use for car renting and public transport to generate a good income for few years $5,000 you can also use to just trade which can give you bigger profits.

[fvb]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

I read all the posts and the topic is pretty interesting. This amount can be divided into several areas of investment. I mean not only cryptocurrency. And since you're thinking about investing, consider other avenues. I think you are a sociable person and you will find the right solution.

[int03h]

Generate income, you can join DEFI, CEFI, Staking, Masternode on different platforms. It is important to choose a low-risk platform to invest in. Many people have become rich by participating in the above forms. Typically Cardano, TRON staking; join DEFI Thorchain...

[husnija]

i'm still confused how long it will take to get that 5k result, maybe i would have learned it if didn't take too long
passive income can help or even be used as capital again to get more income

[trauchot]

I think the best way to get passive income now is probably staking, so you can stake your investments on any cryptocurrency exchange and get a good income from it, but you need to find the best percentage and recently there are very low interest rates on the exchanges, but sometimes you can catch a very good percentage, so just go through all the exchanges and find the option you need, also new projects are constantly being released in which you can earn very good profit passively, but many of these projects are scam and you need to be very careful.

[Dread Pirate Roberts]

Starting bussiness or services that accept crypto or selling digital product which you only need one time work and can forever sell it on internet . there is many creative thing to help community and benefit other people and you also can take some benefit too from it . web project . digital product . digital services. or if you really dont want doing anything there is some masternode and you can stake som coin with your own wallet.

[Flowzer]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Staking is the safest and the best way to earn passive income in this crypto space. You participate to help the network while you earn some profit from it.
But the greatest point is it will resist you for being weak hand and sell your coins.

[john1010]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Thank goodness before the market crash, I converted my 20K usd to Pancake, but very sad that I bough CAKE at 32usd but no regrets about it, because I earn good profit daily even the cake price goes to 15$. For me the real passive is Cake compare to other swap platform.

[LeastComicStanding]

There are also opportunities in crypto games. Some of them like RPlanet and Alien Worlds aren't very "fun" games, but you can buy items that can give you passive income with the games. "Land" is usually the biggest one, where you buy it and either stake it or people mine on it, and you earn.

For crypto games, the land sales can be risky and are usually much cheaper at game launch, but if the game does well, the prices skyrocket so you not only have a passive income but also hold a highly valued asset too. So it is wise to search out new crypto games and sign up for the initial NFT sales, be it land, items, characters, etc...

I don't have enough information about RPlanet, but I can say for sure about Alien Worlds that it's too late to invest in this game, because the prices have already reached their high. The 5 thousand dollars available to the OP will not be enough to buy the land, despite the fact that the price of the plot is now very much reduced there and will obviously continue to decline, because the game is no longer developing.

Alien Worlds is still developing - they are about to release the awaited "Thunderdome" events. It does progress slowly though because they are a small development team.
I must have glazed over the part about the $5k limit but you can easily use a very small portion of that to buy tools to mine with, and the game is not time-intensive, so it's partially passive. You only click 2 buttons every time the cooldown is reset. It creates an income, even if small at this time, that could be worth much more in the future, because even though TLM hit a high during the binance bridge announcement, it could easily go higher than that in the future.

But yes, most lands are more than $5k now, even though I have seen some go on sale for close to that recently.

As for RPlanet, you can buy a ton of stuff for $5k on AtomicHub and stake it all and earn very passively. Then you can watch the conversion rate on Alcor exchange and trade Aether for WAX and sell that on bigger exchanges.

[dexter141]

If you are afraid of the risks associated with trading bitcoins and other cryptocurrencies, it's time to try betting. There are many platforms at the moment, all you need to do is find the highest reward coins.

[Ziskinberg]

If you are afraid of the risks associated with trading bitcoins and other cryptocurrencies, it's time to try betting. There are many platforms at the moment, all you need to do is find the highest reward coins.

Betting is riskier than trading, you can never expect good returns in gambling especially when you don't know about it, It is the same as trading but at least, you can strategize your trades unlike betting will you just depend on luck.

To be honest, it is really hard to think about passive income here in crypto especially when you just have limited knowledge about the market. But it you already have enough knowledge in crypto it could be better not to rely on this, much better to have another source of income outside crypto. To start a small business might be sustaining and could possibly become a passive source if it clicks.

[LeastComicStanding]

If you are afraid of the risks associated with trading bitcoins and other cryptocurrencies, it's time to try betting. There are many platforms at the moment, all you need to do is find the highest reward coins.

I feel like this has to be a troll or a spam post. OP asked about passive income and you suggested betting? Please feel free to expound on how one can bet passively and get any kind of passive income unless they own the site (the house always wins).

[RussianEnglishTranslation]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

You could buy $NEAR and stake or deposit FARM on harvest finance.

[2tang]

I feel like this has to be a troll or a spam post. OP asked about passive income and you suggested betting? Please feel free to expound on how one can bet passively and get any kind of passive income unless they own the site (the house always wins).

Passive income is income that always flows every day in a certain amount for an indefinite period, so obviously not for betting, but this is a kind of work that is mined every day through a strategy that is always implemented by everyone.

[RealMalatesta]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

Why are you so convincing by staking. Is not a large capital more profitable if you trade. I think you can make short-term trades if you have that much capital.

If you stake cake right now you can earn 130% yearly on auto re-staking with it. Which is awesome and I would definitely suggest that to everyone. However if you do short term trading you can both earn more or you could also lose a lot less as well which is risky. So the question here, can you make a good amount of profit from short term trading or will you fail? It all depends on the trading talent.

If you are not certain about trading and if you doubt your trading talents I would say buying cake with 5k and putting it on auto re-staking is a great way to make a profit. I personally do not feel like a good trader so I like staking. However if you trust yourself and can make that type of trading, there is certainly more money to be made on trading, it is riskier but it has more potential.

[Fredomago]

Staking is the safest method at the moment, if you have some funds to throw for graphics cards it will work too. Just do your own research and find the ways that suit your daily lifestyle, otherwise, it doesn't worth your energy to earn passive income. Monthly passive income methods are better because of the no requirement to check anything every day and so on.

After doing all your research and you already chosen the right project, staking is one of the common place that you can earned passively.

There are many available assets to use your money, after all the amount that you mentioned are good enough to split your investment, instead of placing it all in with cake why not split it up and try other available project to invest.

Just do the most important thing before dealing with your investment, never to forget doing your DYOR, it saves you a lot not just the money
but most of your time that you'll going to use while investing to this business.

[Cappex]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

personally i prefer staking or if i can start masternode, surely passive income will be the way to financial freedom and there are so many interesting projects.

[Flowzer]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

personally i prefer staking or if i can start masternode, surely passive income will be the way to financial freedom and there are so many interesting projects.

You sure to start masternode? its really huge amount needed to do that also its a bit hard to do. I guess its not what OP want to do.

[Meta anggraini]

What are some of the best ways to earn passive income right now? I was thinking about staking $CAKE, just staking it and not using liquidity farms. But not sure how profitable that would be, compared to some other methods. I have a 5000$ capital.

My suggestions is to try convert some your cake (5000$ is too much for a coin) to another coin and stake all of them, harvest the one that have a pump and convert it to another low coin.

[Kena Banned]

Staking sucks, either DeFi staking or normal staking cos it requires lots of funds to earn reasonable money or returns every months, imagine staking 100k worth of stable coin to earn 400+$ per month, lol what If the unexpected happens to the exchange ?

Its a bit true but you can earn good amount of money when you lock your funds so the weak hands cannot sell any. You will have a diamond hand by system.