Ways to make passive income in crypto with altcoins

[tabas]

My way is only spot trading. This is very good and profitable if you are smart.

Good for you that you can do spot trading. Not everyone has the guts to do trades in spots and riskier if it's with the futures/leverage.

You can get profit in long run by investing in the strong projects. And also by short investment. My religion doesn't allow me to earn by staking so I don't make by it. I believe we can earn enough with spot trading.

What's your religion that doesn't allow staking? it's only like holding.

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[adzino]

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, there is no "best" way to make profits or gains with crypto currencies. Different method comes with different risks. If you know how to trade, then trading might be good for you to make quick profit. But the risk associated with it is high. You want to get rich overnight? Invest in one of those shitcoins. The chance of losing everything investing in those coins are like 99.99%. Will you be able to afford losing everything and take the risk? If you are looking for a safe, less risky way of earning some good profit, try holding. It's slower, but in the long run it will generate you some very good profit.

[LordMiguel]

i think staking and farming is the best. if you can not join the staking campaign or if you are afraid that you might loose your token due to permanent lose whenever you are nolonger interested in the campaign. security access is low in these places. also mobile focuses on other pressing designs. you may have to visit the other stores to have a full details of what is happening. i think you need to check the validity of other project before you get in..

[nurilham]

For me, trading is the best way to earn income from altcoins. With trading, we can plan to hold our altcoins for the short term or long term. If we want to take profits faster, we can do daily trading. And if we want to get a higher chance for bigger profits, then we can do a long term, probably monthly trading. There are many strategies in trading, so we have many options to earn profits.

[senyorito123]

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?

I felt risk on staking and I don't exactly understand the whole thing about it, because since my start in crypto I haven't engage myself on that kind of earning process. Making profit somehow a struggles specially within the long term process, but passive income usually came from your trading investment particular on promising coins that has an active trading activities.

[TastyChillySauce00]

Holding is not a passive income, crypto price is unstable and changes in price every now and then, it is good if it alway high but there are drops that happen. Staking can be but we must be careful on where to stake our money. There is no really passive income unless we are consistent in trading with a a good coins. Now playing xie or alike games can be a help to hopefully it will last long.

investing in NFT like Axie could be considered as a passive income if we can invest through scholarship, there are many people who try to have scholarship and get steady passive income from other people who they helped to be able to earn in Axie Infinity. There are also staking in axie infinity if i'm not mistaken where it could become alternative other than having scholarship. But if it's stable income, staking can probably give a better stable income than investing in axie. Although, many of people who invested in axie always give target on how much NFT token they should earn from the Axie infinity that they invested and given scholarship to. In the future, probably it's possible to stake and also doing scholarship at the same time in axie NFT or many other NFT based gaming.

[Bikan]

I'll do that with investing because when you have any understanding and could get the preponderance of the transactions perfect on a regular basis, you'll maintain generating money regardless of how the values fluctuate.
It's what we needed in order to maintain a steady working capital.

[tygeade]

One dash masternode gives about a thousand dollars per month as well. I know it is not much amount of money and just 5-6% yearly as well, but dash doesn't seem to be going anywhere so I agree that some masternodes are definitely good.

This new staking thing created a great pathway to make a lot of money but also created a big risk as well, all coins and tokens are trying to do a yearly income type of deal and eventually some of them may have hard time with it, not every coin is destined to be given away for free like this forever, in bitcoin and eth there are at least miners and there is a cost involved and its costly to even start, here we are talking about putting in money like that but you can take it out whenever you want, there is less risk involved and its all digitally done.

[dhemasm]

I prefer Yield Farming since it's basically always get higher APR but i will only choose some Top pairs like CAKE/BNB, DAI/ETH or any top Altcoins since it's have less risk rather than the others, the APR was high and the price itself it's not going anywhere especially my top Choice, Cake Pairs is an good option especially if we didn't have any big capital but Masternode it's another good choice if you have some Big capital, Staking it's also good alternative but lower return with less risk too.

[casperBGD]

I think staking is profitable, but it depends on how much capital you have. Currently I am a frequent holder of several new coins on Waves Exchange which offers top coin rewards for the holders. that's one way I get passive income in crypto

one should be careful with coins that are giving huge percentage APY for staking
it is just not sustainable for long term period, too much is too much

nevertheless, staking is a good way to support projects and earn interest in native coins, for a good project you can get additional coins through staking, and if token price rise as well, it is a win-win situation, when staking rewards is high, but token price go down, you can still end-up losing money

[Cling18]

I have been doing trading for a long time because I believe that it fits my skills no matter what the market situation is. There are times when the market is red yet it's profitable if we'll know how to deal with every market situation. I would also love to try staking in the future but I'm still trying to look for an active coin.

[Silberman]

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?

Trading is a method that can be used to make passive income. Because we can target profits from every investment we make. Of course the method used is short-term trading.

I disagree, there is nothing passive about trading, when people think about passive income they think about earning money in a way that even if it requires a lot of effort at the beginning you can then let it go, sit down and enjoy your profits, and trading is nothing like that, you need to watch the markets all the time and decide in a matter of seconds if you are going to take a trade or not, and if you are a day trader this is even worse as taking a break for any reason can be more than enough to miss a profitable trade, so as you can see there is nothing passive about trading.

[bamb]

Defi have changed the dynamics of profit making in Cryptocurrency. I have had to borrow  a collaterized asset to invest while my collateral is growing in value beyond my expectations,  yet I made gains from my borrowed asset and use the gain to make more money.  You see the process is still going on and the profit is multiplied beyond buying low and selling high!

[24Kt]

Defi have changed the dynamics of profit making in Cryptocurrency. I have had to borrow  a collaterized asset to invest while my collateral is growing in value beyond my expectations,  yet I made gains from my borrowed asset and use the gain to make more money.  You see the process is still going on and the profit is multiplied beyond buying low and selling high!

Are you staking or farming? Can you disclose what coin have you invested with your loaned money?

Anyway, for me right now, I have passive income from one of the gambling sites here, staking their token and getting the daily dividends. It is not that much but at least you are getting something everyday and besides you still have the token. But make sure that the token or coin you are staking have possibility to survive long in this market. Because if not, passive income is not feasible if the project starts to wane their developments.

[Silberman]

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.

Yeah, passive income is not doing anything yet you're still earning money and those who are referring trading as a passive income probably misunderstood what passive income means, there is a way for us to earn money in trading without doing anything because you will go to use your mind and bare hands as well unless you have the bot to do that is up to do.

Probably the use of a bot while trading is the only way we can classify trading as passive income and even that is doubtful as now you need to maintain the bot and supervise that everything is correct and does not begin to take bad decisions or you will need to adjust it in the case the API changed or the interface changed in the case the exchange does not have an API, so even then I think it is difficult to consider trading as a passive source of income.

[newwest]

Defi have changed the dynamics of profit making in Cryptocurrency. I have had to borrow  a collaterized asset to invest while my collateral is growing in value beyond my expectations,  yet I made gains from my borrowed asset and use the gain to make more money.  You see the process is still going on and the profit is multiplied beyond buying low and selling high!

This is nice that you have borrowed money is yielding you good profits. Try to repay the borrowed money with profits you making as its a volatile market and with falling prices it could go other way round. So target to finish of your loan quickly and I am more like only invest with your money so that stress is far more less than borrowed money.