Passive income

[Mahdirakib]

I think it's worth considering and also cake is a good coin and is on the bsc network, at least it won't go down far and it's currently in the top 100 cmc, so staking cake will be safe in my opinion even if it's done in the long term and your main goal is to get interest .

Cake coin has good potential to increase in price, because it is connected with the decentralized exchange Pancakeswap. So, it won't be a bad decision if anyone going to stake Cake coin now. Moreover, it will be better to divide the investment into some part and stake different promising crypto. Staking ETH, BNB & TRX could be profitable as well.

[nicolas1979]

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.

Is it possible with the staking system to get passive income. If the price of crypto drops, of course you also experience losses. I am more interested in trading than staking systems. Staking stablecoins is likely to give you an advantage. However the stable coin APR is very low.

[livingfree]

To get passive income at this time of course BNB is one that we must consider, then for now the BSC network continues to grow and this will have a positive impact for binance and the price continues to increase until now, to invest in the coin is the right choice and you can also glance at other coins whose prices are also being increased such as ethreum and TKO that we can currently rely on.

It is becoming noticeable that BNB and BSC is getting the traction although it's already popular.

There's more projects that are running on BSC and carries the popularity of BNB because of its chain.

The problem with the BNB Chain is that it is largely centralized or the few nodes are mainly from Binance. Apart from the fact that this is not in the spirit of crypto, this is also fundamentally a danger. Binance is a company that has so far been able to successfully evade any control and regulation. If the company is banned, the chain will also be dead and any assets on the chain will be worthless.

Yeah.

That's the drawback of it but most of the projects that are attaching their new projects to BNB/BSC is mainly because of the popularity of Binance.

And in that case, they don't think or realize its centralized network or they do but just ignores that fact and goes for a quick exposure because of the said network.

[Fredomago]

Yeah.

That's the drawback of it but most of the projects that are attaching their new projects to BNB/BSC is mainly because of the popularity of Binance.

And in that case, they don't think or realize its centralized network or they do but just ignores that fact and goes for a quick exposure because of the said network.

They are not caring about it since they wanted to have a quicker exposures of their project, BSC provides low transactions fees which commonly being look by traders and investors.

But likewise, the danger is there since binance already gained power over this industry, the after effect if ever that sudden things happened it will reflect and affect every assets/projects that are now working inside this chain. We also need to consider that before taking our steps picking project to support.

[Lordshiva]

Yeah.

That's the drawback of it but most of the projects that are attaching their new projects to BNB/BSC is mainly because of the popularity of Binance.

And in that case, they don't think or realize its centralized network or they do but just ignores that fact and goes for a quick exposure because of the said network.

They are not caring about it since they wanted to have a quicker exposures of their project, BSC provides low transactions fees which commonly being look by traders and investors.

But likewise, the danger is there since binance already gained power over this industry, the after effect if ever that sudden things happened it will reflect and affect every assets/projects that are now working inside this chain. We also need to consider that before taking our steps picking project to support.

Yes surely it can happen and we have to be careful with the after effects because it can be negative as well. Binance has been on high and gained all the power.
Every one is interested in binance and BSC which provides such low transaction fees.
But in coming time may even better projects may come .

[ampu]

Staking with CAKE is quite good because this project has many participants contributing liquidity as well as trading on it. This project is backed by Binance so it will be stable in value. The ecosystem of Binance Smart chain is growing strongly so investing and CAKE is a safer move than other DEFI projects.

[btc-facebook]

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.

There are many ways to get passive income in crypto, staking on Pancakeswap is only one of them, now it is more developed, such as farming using NFT, this type of farming is usually in blockchain games, the item you get is NFT, and when a player has many items in the game , players can do farming there using the items they have,
quite profitable because you can also sell your items in the marketplace, usually NFT games have their own marketplace.

[vabchgent]

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.

There are many ways to get passive income in crypto, staking on Pancakeswap is only one of them, now it is more developed, such as farming using NFT, this type of farming is usually in blockchain games, the item you get is NFT, and when a player has many items in the game , players can do farming there using the items they have,
quite profitable because you can also sell your items in the marketplace, usually NFT games have their own marketplace.

But still when you lock up your coins for staking on Pancakeswap isn't there immense risk that the volatility of the coins you are staking will eventually undermine or even destroy any gains you make if you are unlucky? It is not 100% safe to stake, is it?

[Rocky993]

Now coinmarketcap is not in a stable position so it is very difficult to make passive income by investing in any market at this time.  At this time, investing in altcoin to earn income is full of risk.  It doesn't take long for the wheel to turn in whichever moment.  Investing long term in the top coin of Coinmarketcap is completely different.

[Insomnia family]

Now coinmarketcap is not in a stable position so it is very difficult to make passive income by investing in any market at this time.  At this time, investing in altcoin to earn income is full of risk.  It doesn't take long for the wheel to turn in whichever moment.  Investing long term in the top coin of Coinmarketcap is completely different.

Previously I thought the bull market would last for a short time but that's different from what I thought, currently the crypto market is still in a stable phase, where many altcoins are increasing like BTC (though not all). and if you want to get passive income, do farming within a certain time / according to your taste, the cost of trading pancakes is very cheap, you can do it there CAKE and AXIE may be suitable. good luck

[Sardel]

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 a great way to earn passive income.

Stakenet has developed multiple staking solutions that are accessible to everyone. They could start even for as little as 1 $XSN:
• XSN Cloud Pooled Staking
• Normal Wallet Staking
• Cold Staking(TPoS)

[voteformeg]

it also depends if you like a little gambling , i tryed to take part in some play to earn projects in an early stage but there are lots of them and you gotta be lucky to be in the flying one , but for sure it can be a good passive income

[livingfree]

Yeah.

That's the drawback of it but most of the projects that are attaching their new projects to BNB/BSC is mainly because of the popularity of Binance.

And in that case, they don't think or realize its centralized network or they do but just ignores that fact and goes for a quick exposure because of the said network.

They are not caring about it since they wanted to have a quicker exposures of their project, BSC provides low transactions fees which commonly being look by traders and investors.

But likewise, the danger is there since binance already gained power over this industry, the after effect if ever that sudden things happened it will reflect and affect every assets/projects that are now working inside this chain. We also need to consider that before taking our steps picking project to support.

Aside from providing low transaction fees, it seems that when you call it as a BSC project, people will have that confidence. "Yeah, it's on Binance or sort of."

Something like that.

And I think the psychological effect of working with that, they've taken into consideration so many of them chose to do it there.

[gustavroy]

Passive income from some token staking could be challengy when bear season came. But staking stable coins and mining could be nice idea. but you must take your own risk and choose platforms wisely.

[Sihab76]

The most important way of online passive income is bounty campaigns and various campaigns Social media. However, in addition to these, there are many other ways of passive income at present, they are mentioned below.

Staking
Wallet holding staking
Gambling
Betting
Trading

[Serco]

Passive income from some token staking could be challengy when bear season came. But staking stable coins and mining could be nice idea. but you must take your own risk and choose platforms wisely.

we have to look the project fundamental when decided to stake our coins, dont ever do the same accident like merlinlab case. staking will worthed if we stake good project which is developers team actively build their product. although staking rate small , but if price could maintain or even rise its be our benefits.

[nurilham]

Now coinmarketcap is not in a stable position so it is very difficult to make passive income by investing in any market at this time.

Honestly, I don't know what you mean.
Do we invest because of the Coinmarketcap position? 
For me, Coinmarketcap is only a place to monitor most crypto coins situations. But I never invest in a crypto coin because of the situation or position of Coinmarketcap.

At this time, investing in altcoin to earn income is full of risk.

Every time, investing in altcoins is always full of risk, not only this time. Although it is in Bullrun season, doesn't mean you have no risks to invest. Don't assume the risk only happens in bearish season only. It is totally wrong assumption.

[Mahanton]

The most important way of online passive income is bounty campaigns and various campaigns Social media. However, in addition to these, there are many other ways of passive income at present, they are mentioned below.

Staking
Wallet holding staking
Gambling
Betting
Trading

Passive income does basically mean that its on idle and wont really be involving any active trades or activity or having simply some work done which means campaigns out there wont really fit out
on the criteria but the thing i do agree upon is about staking neither it would be on gambling house or would be on some non custodial or non-custodial wallets.
Most of the time in talks about passive income then this is most likely i do prefer on investing on real life or physical businesses like rents or something like that.
Im not sayingg crypto investment is bad but i cant really just able to accept the risk behind it.

[efxtrader]

The most important way of online passive income is bounty campaigns and various campaigns Social media. However, in addition to these, there are many other ways of passive income at present, they are mentioned below.

Staking
Wallet holding staking
Gambling
Betting
Trading

Betting and gambling should not be passive income because they are active for profit. Staking is the most chosen alternative to find passive income because if we plan to hold coins in the long term, we get additional coins from the staking we do and in the midst of many hacking in DeFi, the safest choice is wallet staking because we control our own wallet

[livingfree]

Now coinmarketcap is not in a stable position so it is very difficult to make passive income by investing in any market at this time. 

Do you mean the coinmarketcap.com?

It doesn't have anything to do with passive income. It only shows the prices of cryptocurrencies and other details regarding the market. Well, if it's the stability of website itself, it's stable on me and works very well.

At this time, investing in altcoin to earn income is full of risk.  It doesn't take long for the wheel to turn in whichever moment.  Investing long term in the top coin of Coinmarketcap is completely different.

In every crypto that we invest in, there's a risk like in bitcoin and ethereum. But I agree to you that in top coins, it's different. The risk is lower than those random altcoins in the market.