Passive income

[wxa7115]

There is no such thing as passive income in crypto, the crypto market is very volatile and there is no method that can guarantee our income to be stable, it is impossible. The crypto market is full of speculation and risks.

And not only it is almost impossible to achieve in this market but in every single other market and industry as well, passive income is probably the goal of every single person around the world as you will be able to enjoy your life without being worried about trying to make more money anymore but this is very difficult.

Even if you invest in bitcoin which is probably the best investment opportunity that has appeared during the last decade that still doesn't count as passive income because you still need to watch the market from time to time and take decisions like whether you are going to sell your coins or you are going to keep holding, so we must recognize that very few people get the opportunity to get passive income.

[1714973002]

1714973002

[Matteorsini]

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 believe not all altcoins are strictly dependent on BTC. But they can always be affected by the trend. Some can still weather the storm though. Like for instance, this undervalued gem called XSN the native crypto of Stakenet. A solid project that offers multiple staking solutions for passive income. They've also got the Layer 3 Stakenet Dex which will going to be launched in public soon.

[tabas]

Staking cake is a good way to generate passive income, besides cake, bnb, cardano (there are) staking can also be done. but maybe now there is a way to play games using coin axs can also generate income besides we also get additional entertainment by playing games

AXS? the Axie Infinity game? you need Ethereum for purchasing and to start the game. If you want to multiply your pets, you need that coin for them to mate.
But you're right that it's a good way to generate income as it's profitable just as the other games that offers the same entertainment but lesser in profitability.

[babygun]

AXS? the Axie Infinity game? you need Ethereum for purchasing and to start the game. If you want to multiply your pets, you need that coin for them to mate.
But you're right that it's a good way to generate income as it's profitable just as the other games that offers the same entertainment but lesser in profitability.

But don't you think this is also temporary? Right now AXS seems populair and it is getting pumped but soon the next hype will occur. Look at Alienworlds. At some moment, it reached a price of 6.6$ and now its value is only 0.26$. Investing is these kind of coins is too risky for me.

[Sayeds56]

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.

Pancakeswap is one of the best DEFI created  on Binance smart chain and it has paid huge reward since it was launched back in 2020, its price went up many folds from few cents to 42$ ATH. You can generate passive income on Pancakeswap by providing liquidity or staking your coins. The Annualized Profit  is around 90% which is very good return by  any standard. It is better to buy cake when price is below 15$ becuase that is its support zone. NOT A FINANCIAL ADVICE. DYOR

[Quintrix]

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 best for passive income only if you can choose good coins to invest where the price will go up and fully established coin in the market, there are so many farming sites that offer up to 500 to 1000 APY only to rug pull when they have huge money to take, Cake is good and so is UNISWAP you can add at least 5 farming sites.

[FinneysTrueVision]

CAKE is a good coin with high ROI. They are always adjusting the emission rate so after one year you might not have the returns you were expecting, but with $5000 to invest I think you should have no problem making a couple thousand dollars as long as the price doesn't have a significant decline.

I personally don't currently own any CAKE because I mostly hold BTC and the only DeFi tokens I own offer higher returns but with greater risk. In the past I have held CAKE for staking and I still believe in it's potential.

[smyslov]

Have you heard of projects like pay to earn, they are trending topics now, because of the success of Axie, there are three projects now worth investing and holding if you are not going to play, in the future, it will increase the price by tenfold or more, these projects are Binamon Dpet and ofc course Axie do check them out.

[techearn17]

It is very beneficial to invest in cakes at this time because a lot of people in front of us when they invested in cakes, the price of cakes was forty to forty-two, so you can earn passive income by providing liquidity or staking your coins which I think will be the best investment of the future.

[Lordshiva]

Staking cake is a good way to generate passive income, besides cake, bnb, cardano (there are) staking can also be done. but maybe now there is a way to play games using coin axs can also generate income besides we also get additional entertainment by playing games

Its good to find something alike that have potential than to just join in a hype that may end any moment since the hype is already there. While its good to join in it we must know how to monitor still since the market is too volatile and dont put all in it , haveother investment in other coins or properties.

Yes staking the coin is one of the most popular option to earn passive income in the crypto currency world. Cake offers a very good ROI so it is a very good option. But I recommend staking in multiple coins as there are many different options for you like bnb , cardano as you said.

[cunguks]

Yes staking the coin is one of the most popular option to earn passive income in the crypto currency world. Cake offers a very good ROI so it is a very good option. But I recommend staking in multiple coins as there are many different options for you like bnb , cardano as you said.

in pancakeswap, you can stake the CAKE you have to get other tokens.
which maybe not be many alternatives like this exist on other platforms.
now the adoption of CAKE is also improving. I staked $300 in CAKE. I got my share well. I enjoy it all.

[terizla]

I have 2 passive income in crypto and i think both of them will be good in future
1. Stacking IDEA (IDEAOLOGY) in Kucoin Market with APY 24%.
2. Farm OOE (Open Ocean) in OpenOcean Dex.

[calya]

CAKE is a good coin with high ROI. They are always adjusting the emission rate so after one year you might not have the returns you were expecting, but with $5000 to invest I think you should have no problem making a couple thousand dollars as long as the price doesn't have a significant decline.

I personally don't currently own any CAKE because I mostly hold BTC and the only DeFi tokens I own offer higher returns but with greater risk. In the past I have held CAKE for staking and I still believe in it's potential.

i am agree staking cake was good choice , beside it  was as good project staking rate also interested for us. It didn offer too high rate but still acceptable for every investors. Picking good project to stake was an obligation but staking not to be obligation if this is was bad project.

in pancakeswap, you can stake the CAKE you have to get other tokens.
which maybe not be many alternatives like this exist on other platforms.
now the adoption of CAKE is also improving. I staked $300 in CAKE. I got my share well. I enjoy it all.

beside got return from staking reward, usually some wallet also give airdrop for cake staker. recent airdrop was POTS , cake staking be one of rules to eligible in this airdrop. we got double benefits from it.

[raes]

beside got return from staking reward, usually some wallet also give airdrop for cake staker. recent airdrop was POTS , cake staking be one of rules to eligible in this airdrop. we got double benefits from it.

That's right, CAKE has a great strategy to keep their market buzzing.
but is there any condition to get airdrop or all can get airdrop token from CAKE?
I am staking CAKE, but what I get is a SYRUP token. not POTS.

[nomenclatur]

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.

this is a great opportunity to buy a cake and to do stake for several years with a capital of 5000$ you can get 309 for staking very suitable because the current price has decreased quite a bit if anyone wants to try to buy this bake it will be much cheaper for you can get big profits because of the bake has decreased in price doing this stake will be a better opportunity because the increase is also much faster.

[Rahman11]

Passive income from cryptocurrency is a really high risky method, otherways i prefer day trading by your part of some capital, wisely try to trading with a most trusted exchangers.

[the ghabbar]

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.

If you have a capital of 5000$, then the step you have to take is to choose a profitable investment, now available with many investment patterns in the crypto world, you just need to study the condition of the coin and the market movement towards the price of the coin.

You have to study this pattern correctly and precisely, so you don't make a mistake in deciding to invest, usually people use two things in investing, long-term or short-term, this is adjusted to the existing conditions and capital.

So that you really understand the level of risk of the investment. Otherwise, your investment will not yield anything.

[KaliLinux]

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 ?

Absolutely right. Apart from the huge funds with little reward at the end, I will only use the Binance Vault in most cases where I don't want to sell off the coins for any reason at that time since it also gives the option of moving the assets anytime you want to, unlike the fixed period stakes. I generally don't like to stake anything in any of the farms or even in exchanges because as we know, anything can happen at any time.

[RussianEnglishTranslation]

BSC is great for DeFi and $CAKE is a sweet project but I also stake $NEAR because I think in the long run it will appreciate in value higher than cake.

[kaka manteng]

I suggest you go to Liquidity mining rather than staking. It generates more income than staking profit. Some are offering up to more than a 100% APY and those are really legit. Yield farming is really a thing in this hard times. I suggest a yield farm called DeFirex but still do your own research before entering.