Ways to make passive income in crypto with altcoins

[reality18]

After performing an extensive “DYOR” on cryptocurrencies, it turns out that there are different avenues to make profit or gains within the crypto space. Based on your expertise, which avenues works the most gains for you and why?

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[michellee]

Trading is the best for me as I have many coins to trade that can give me profit. I can use daily trade or other methods to make a profit and this year gives me a chance to make a profit. I like staking but I do not expect it to provide me with a big profit in the short term and I consider using it for a long term investment. But staking is a good way to make passive income, while trading can be our way of living by earning money. But all of that, you will have a risk by using trading and staking to make money and you should accept the risk.

[Silver80]

After performing an extensive “DYOR” on cryptocurrencies, it turns out that there are different avenues to make profit or gains within the crypto space. Based on your expertise, which avenues works the most gains for you and why?

there are some people who do it by holding coins while others do trading, depending on how they hone their skills and their knowledge will produce, sometimes they become miners

[shinratensei_]

I have been trying all of them except masternode as it's very expensive to be owned right now only for the top masternode coin. I don't mind the masternode coin other than top masternode coin.
How much income that you can earn it from those ways totally depend on the various aspects.
Im still running schoolarships for NFT PTE game like axie infinity and I can earn a few thousand dollars in a month. If you're also staking a lot of amounts of money and then you can expect a big return as well.
There are some considerations we must take it before trying to determine how much money that we can earn it from the passive income from the altcoins.

Staking, Playing NFT game, or even farming have various things to be considered

[D ltr]

I'm more into trading than staking and farming,
the reason I prefer to trade is because I have coins from bounties and airdrops, and rarely invest with personal money.
but some say staking is less risky than farming I have never tried it maybe I will try staking and farming in the future and I will return to give an opinion on these 2 things

[20kevin20]

Are you looking for fiat or for crypto earnings? These two are different, so look for what suits best for you. In my case, the answer is staking for crypto & trading for fiat. If you need passive USD income, trading probably works better as long as you're a good trader. If you only care about multiplying your ETH or other alts, staking is probably better and the safest bet.

[Kelvinid]

After performing an extensive “DYOR” on cryptocurrencies, it turns out that there are different avenues to make profit or gains within the crypto space. Based on your expertise, which avenues works the most gains for you and why?

Personally, I'd come in crypto for I think I can easily make good money in here. Well, that actually amazing but the truth is that you can simply think and consider this as a passive income especially for altcoins. If you are in this market, there is no easy money that exists, people are just too optimistic saying those words but in reality, that was far different.

I'm not saying I was experiencing the worse in the days in crypto as I was still making some money but being said we become instant rich? I'm not going to lie, we only have a little chance to reach that level, unless if you are already rich in real life.

[ampu]

Masternode, Yield Farming and staking are good options because you just have to wait for your crypto to proliferate without any effort after that.
Forms like trading or investing in NFT are also ways, but you will have to be proactive to change the direction of your trade-in favor.
In general, the above ways are good and must use a lot of knowledge to control them in the best way.

[newwest]

I will go with Trading, as if you have some knowledge and can get the majority of your trades correct, daily basis irrespective how the markets move you will keep making some money. That's is what we require to have continuous cashflow.

[Pelana vreo]

After performing an extensive “DYOR” on cryptocurrencies, it turns out that there are different avenues to make profit or gains within the crypto space. Based on your expertise, which avenues works the most gains for you and why?

Hodl is my choice but I don't see that list there, I choose Farming and staking because I have less time to trade like scalping.
Patience and experience are required when choosing coins, because if we choose the wrong coin, then it can cost us, choosing a top altcoin for farming or with a high APR is a good choice, because at the moment I do both and get profit.

[pawanjain]

For me, Staking works the best. I have tried trading in the short term but it didn't work out very well.
I have tried NFTs too but most of the times I am never able to mint it. The ones I have got has given me decent profits in the short term though.

Staking is the best for me since it is giving me passive income to hold my coins for a long term.
The price of the coin increases in the long term while giving additional coins recurrently in the short term.
So it feels like a win win situation.

[CryptoYar]

After performing an extensive “DYOR” on cryptocurrencies, it turns out that there are different avenues to make profit or gains within the crypto space. Based on your expertise, which avenues works the most gains for you and why?

Well, staking kinda is risky as if the value of the coin starts falling after your staking, then you may find it difficult to get back your initial investment.

I have no idea about masternode and nft.
But trading is the best way to make money if you have skills in it

[isaac_clarke22]

I'll just go with the long-term trade like holding. It depends obviously to some coins though. Obviously from that amount of knowledge you have for the ways of earning, you know that not all coins are worth the hold.
NFT is still hot these days, like playing games and stuff. Axie is still pretty hot around here in my country and it never ends still. I am not with those hypes though.

[TheMimic1]

Trading is the best for me as I have many coins to trade that can give me profit. I can use daily trade or other methods to make a profit and this year gives me a chance to make a profit. I like staking but I do not expect it to provide me with a big profit in the short term and I consider using it for a long term investment. But staking is a good way to make passive income, while trading can be our way of living by earning money. But all of that, you will have a risk by using trading and staking to make money and you should accept the risk.

Trading isn't be best because there are good days and bad days where you will be fucked up mentally, if you trade on such days you will lose money easily, why is no one talking about crypto mining? I started with 3000$ in February 2021 and I've made back my ROI already now it's all free money

[examplens]

I saw here many of you suggest trading as potential passive income. is there any new way of trading here or did I miss something?
if I understand the passive mode of income well, there is no need for any action on investment except monitoring. trading, however, requires some action on the part of the user.

[blockman]

Holding and currently, playing an NFT game and the game has been played to earn features. I guess everyone is aware of those play-to-earn NFT games.
The biggest gain that I've made is about holding bitcoin, nothing beats that avenue trust me and others will also say the same thing if you're not a fan of bitcoin nor a holder of it. That is why we keep telling people that they should help themselves by buying and holding it.

[AmoreJaz]

I saw here many of you suggest trading as potential passive income. is there any new way of trading here or did I miss something?
if I understand the passive mode of income well, there is no need for any action on investment except monitoring. trading, however, requires some action on the part of the user.

you haven't missed anything. just that trading should not be categorised under passive income, because it should not be. because if you don't do your trading, you will not get your profit and that also depends on your trading skills. the op should remove this category on his list though.

anyway, before, i gained a lot by staking some coins. but if you only got lucky. nowadays, it is hard to find staking coins that will be worth spending your time and resources. a lot are now into P2E games, which is obviously the current hype.

[imstillthebest]

among the list i chose staking because to me this one suits the name of passive income while the others are i think created for selling at one time like for example the nft in your list  ,
 trading can be one of it too but when you stake you didnt sell out your funds but it only makes your coins more bigger .
 other than staking , holding cryptos can be suited for the term passive income but you havent include it in your list m

[Wulan_maniez]

It all depends on your experience and skills. To earn income from crypto sometimes people's paths vary. In this case I am more comfortable in trading and short-term investments to make profit in crypto. The reason is because in trading I've been up and down to make a profit. So my experience in trading becomes a reference compared to stalking or yield farming and whatever op has mentioned above.

[sheenshane]

In all choices that OP mentioned above, I preferred investing in NFT coin and playing as well.  It's very common and very trending all NFT PTE games and I think this has the potential to make a massive profit when they will boom in the market.  Just grab and invest their token while they are on upcoming hype, just like Axie Infinity, if I know that investing in SLP is a good profit before, I invested more than I can afford, and probably it worth trying in upcoming NFT games project and test while they are on a beta stage.

Another is trading, either scalping, spot, or daily trading will boost your profit in just a matter of a short time but this all depends on your ability how to make money in trading, if your skills and knowledge on it are enough, you're good to go and make a profit.