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Author Topic: Passive income with crypto  (Read 746 times)
JanNettFoster (OP)
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August 07, 2023, 09:34:40 AM
 #1

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.
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August 07, 2023, 09:41:59 AM
 #2

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
The ones that I know is staking, but you have to stake the coins and receive your reward everytime the staking protocol says. There are many altcoins like Polkadot, Solana, Atom that you can stake. You can also stake coins like wBTC but which is not bitcoin but pegged with bitcoin price.

But the best advice I have for you is to just hold your bitcoin and leave it for a long period of time, the price will increase and you will make money from it.

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August 07, 2023, 09:42:17 AM
 #3

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.

With 'crypto' I don't know, but with bitcoin it's not worth it because all the solutions to what you are looking for involve giving up your private keys. Add to that that the 'passive' profitability you will get is a minuscule percentage of what you get for simply holding bitcoin.

It is clear to me: little profitability, even if it is 'passive' and a lot of risk: I don't invest.
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August 07, 2023, 09:57:52 AM
 #4

You have an advantage to buy more bitcoin since we are in the bear market and the price is affordable. After buying you should hodli till next two years when bitcoin price will hit a new ATH, you can sell off your investment by then to make good profit. I believe this is the only way that you can make passive income because if you invest on altcoins,it will be risky and you can also run at loss as a newbie that hasn't study the price movement of those altcoins. Now is the best time to accumulate more bitcoin to your investment portfolio and don't think of looking for a get rich quick project because they might turn out the other way.

R


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August 07, 2023, 10:33:20 AM
 #5

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
The ones that I know is staking, but you have to stake the coins and receive your reward everytime the staking protocol says. There are many altcoins like Polkadot, Solana, Atom that you can stake. You can also stake coins like wBTC but which is not bitcoin but pegged with bitcoin price.

But the best advice I have for you is to just hold your bitcoin and leave it for a long period of time, the price will increase and you will make money from it.
But to be able to stake, we need to hand over our crypto assets to 3rd party, centralized platforms, which is very risky for our assets as we don't have full control of our property. After what happened to lending platforms like BlockFi, Anchor Protocol, Celsius... I think staking is something we should stay away from.

If we can't day trade to make a profit. The best solution is to hold bitcoins in a non-custodial wallet until the bull market makes a profit. Do not for a little daily profit, we have to trade-off too much risk by staking.

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August 07, 2023, 10:59:29 AM
 #6

But to be able to stake, we need to hand over our crypto assets to 3rd party, centralized platforms, which is very risky for our assets as we don't have full control of our property. After what happened to lending platforms like BlockFi, Anchor Protocol, Celsius... I think staking is something we should stay away from.
No.

You can stake directly on noncustodial wallets that support staking. You do not need to stake on those centralized platforms which is against the rules of cryptocurrencies which is not jot your key not your coins.

If we can't day trade to make a profit. The best solution is to hold bitcoins in a non-custodial wallet until the bull market makes a profit. Do not for a little daily profit, we have to trade-off too much risk by staking.
This is the best option for bitcoin. But if you hold altcoins like Polkadot, Cardano, Solana and some other ones, you can also stake the coins for more profit while holding it.

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August 07, 2023, 12:38:13 PM
 #7

Currently one of the best job is being a developer, for example you are a front end and back end developer of a blockchain project of course the payment can be use as crypto at the same time, also you can do a social media management with the discord community of different projects you don't need to settle with the investment only but also inquire more whats about the crypto there's a lot of option beside from gambling, investment, holding, trading and etc. Theres a lot of form to earn during the bear market.

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August 07, 2023, 01:00:31 PM
 #8

~snip~
...are there any services where you can earn passive income in crypto, except lending?

Doing nothing and making a profit is the fantasy of many, but the majority realized the hard way that it is mostly an impossible mission. However, if you have a sense for marketing and promotion, you may try to promote affiliate links of some centralized crypto exchanges or online casinos, and in case you manage to find referrals who are active and invest significant funds, it can be a passive source of income.

Of course, in addition to time, you should also invest some money and be realistic with your goals, or in other words, don't hope for overnight success.

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August 07, 2023, 01:11:56 PM
 #9

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.
Staking.

To know more of it, you need to at least hold a certain amount of crypto for you to be able to become eligible for the reward of staking. Those coins that allows it are the POS algo coins like ETH.

But the thing with it is that, the richer you are there, the better rewards and that's why if you don't have that much then you don't expect to earn a lot of passive income on it.

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August 07, 2023, 02:01:32 PM
 #10

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.
The passive income that you want is probably staking, as friends here have mentioned. You can try installing Trust Wallet and have a look in the Earn section. There are tons of coins that you can stake with different APR levels so you can choose which coin is right for you.

You can also stake on Binance if you are interested but you need to know the risks so you can compare it to staking on other wallets. Apart from Binance, you can look at Poloniex and Bittrex but I don't know how many coins can be used for staking.

Apart from the Trust wallet, you can look at Atomic or Crypto.com. At Crypto.com, you also have many options as staking which can give you decent returns. But of course, you have to do a lot of staking. But you need to research to find.

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August 07, 2023, 02:25:54 PM
 #11

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.

Hard to find passive income generating platform since most of the time only scam platform as just showing up. I don't know if staking is good option but you can try the suggestions posted to know for yourself if its really worh it. Also don't think about passive thing on crypto but rather on  learning new things on crypto and try to earn on each ideas you read then apply it. Also be careful on people offering big profits since this is much unrealistic and this is just used by scammers.

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August 07, 2023, 03:45:32 PM
 #12

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.
Bear market? Nah, now isn't a bear season. A little correction here and there doesn't mean it's a bear. If anything, I should say the market is gearing into a bull season if we evaluate what market cap is ATM.

For passive earning, other users have suggested staking to you. You should know there are inherent risks too with it, whether you're staking on centralized platform or on a noncustodial wallets that do support it, you're still going to be held up and won't be able to sell off immediately in case of a dump. Most staking platforms won't allow you unstake immediately. There are cooling off days. Generally, in business everything comes with a certain level of risk. You can try nodes. It's also a form that can provide you with passive income.

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August 07, 2023, 03:49:48 PM
 #13

If you are living in a country with very cheap electricity why not buy a miner and mine as your passive income?

Staking is not good for the long term most of the POS coins are dropping fast compared to BTC.

Another passive crypto income that I think is building a WordPress blog and keep creating articles related to Crypto and do SEO to promote the blog. Once you gain a good amount of traffic you can add some ads that pays in Crypto like A-ads.
It is way safer than investing in POS coins.

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cryptoaddictchie
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August 07, 2023, 04:16:15 PM
 #14

-Mining
-Staking
-Commission referral

Something worth as passive in crypto is totally impossible. There are other factors on every aspect even doing a simple staking like the value dropped over long period of time. But this is a passive way to increase your holding since you get something. Mining bitcoin is really profitable and works as passive if your expenses wouldnt be expensive.

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Nrcewker
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August 07, 2023, 04:44:54 PM
 #15

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
The ones that I know is staking, but you have to stake the coins and receive your reward everytime the staking protocol says. There are many altcoins like Polkadot, Solana, Atom that you can stake. You can also stake coins like wBTC but which is not bitcoin but pegged with bitcoin price.

But the best advice I have for you is to just hold your bitcoin and leave it for a long period of time, the price will increase and you will make money from it.

Yes staking is a great way to make some cryptos. If you have enough money that you can stake at any particular place for a fixed amount of time, then definitely it can give good amount in return as interest. This is not the great option, but yes it works and pays a fixed amount. You can try at Binance, they have options for multiple coins and that too with different rates. If you want to make money in other way, then start gaining some skills first and use those skill to do freelancing. Now take the freelancing payment in terms of cryptos and hold it in this bear market.

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August 07, 2023, 05:43:16 PM
 #16

Hey guys! I've been in crypto for a while but since it's bear market I'm curious: are there any services where you can earn passive income in crypto, except lending?
If you know, share your experience, please.

There are indeed some services where you can passive income in cryptocurrency, such as:

  • Mining;
  • Staking;
  • Signature Campaigns;
  • Gambling; or
  • Investment

As its name suggests, passive income is a type of activity where you can generate revenue on investments alone. This implies that you can earn revenue by not doing the traditional employee-employer relationship found in most corporations. On the list above, you can observe that there are six (6) examples that I provided, in which each category has their respective pros and cons.

Personally, I would definitely suggest investment and participating in campaign signatures as the best possible way to earn passive income. The other four (4) are just too risky for me to bear with especially considering that some require existing rigs, knowledge, and expertise in order to operate (mining).

R


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August 07, 2023, 07:28:20 PM
 #17

There are lots of things in crypto world which can give you profit in the form of passive income like you can choose certain successful coins and hold it for longer or shorter duration depends on the types of coins.

You can also take part in some Airdrops in which you will complete the command and will get the reward, Airdrops are a good way of earning if an announcement is made through twitter or Telegram group to fulfil the described task.

 Participation in signature campaign can also be a reason of obtaining passage income, there are lots of other things which can be moneymaking for your if you operates in a right way.



 

 

 

 

 

 


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August 07, 2023, 08:09:08 PM
 #18

First, before you mentioned passive income you have to specify your years of invested time to gain the experience of things and how much capital you are willing to part ways with, the cryptocurrency industry is full of many opportunities to earn profits but also full of risks that comes with such venture.,  there is nothing wrong with looking for passive income but what you must know is what the level of time investment and how much you are willing to risk.


Because even holding Bitcoin for the long term also involves risk because no one knows what the price of Bitcoin will be in the future and more also what we stand to face at the end of the day,  And looking for passive income on a short-term basis could lead to a high risk of losing money and time on the wrong projects,  in as much as we can't trust centralized exchanges,  their services remain the major means for passive income in the cryptocurrency market.

R


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August 07, 2023, 08:18:24 PM
 #19

    • Gambling; or
    • Investment
    Bankroll investments are still somehow good.

    But you need to be long term on them because making a profit on a very short period of time is unlikely. The passive income is there but you need to be the most patient person.

    It's risky though as you go with the house and whatever happens to the house, the same goes for you. If you're going to think of it, in the end, the house always wins.

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    August 08, 2023, 02:06:43 AM
     #20

    Currently one of the best job is being a developer, for example you are a front end and back end developer of a blockchain project of course the payment can be use as crypto at the same time, also you can do a social media management with the discord community of different projects you don't need to settle with the investment only but also inquire more whats about the crypto there's a lot of option beside from gambling, investment, holding, trading and etc. Theres a lot of form to earn during the bear market.

    Pretty irrelevant, Op asked about passive income with crypto and you are telling him to get a job?

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