Seeking Passive income offer with low risk

[cryptoaddictchie]

I've been searching for an opportunity that will enable me to earn extra income to keep me afloat in anticipation of the bull run, but I've always hit a roadblock due to several reasons like low APYs, dicey processes, and high risk, etc. I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.

Well the less risk for defi is like using stablecoin to farm APY. You could always searched for a defi platform with highest farming rate and let your stable earned some fees from it. Also theres a chance to earn some free airdrop on top of that if you are using a relatively new platform without any tokens being used yet.

[adaseb]

Normally you don’t get decent yield on staking bitcoin. In the past you got decent yield for staking stablecoins. I think maybe like 10-15% depending on how strong the bull market is.

You lend your stablecoins as margin to other traders and they pay you a large yield. Right now market is dead and you can’t make any money this way.

I would just leave it in cold storage and not risk it by lending it.

[Sebas.tian]

For you to embrace this passive income in this season, you have to change your mind set by carry out your personal research to know the most important coins to buy in this bearish season and hold for the market price to increase before you can trade. Do everything possible within your capacity to invest in Bitcoin since the price is still low in the market and it will enable you to achieve what you have not achieve in the crypto investment, because many traders has earned a lot of passive incomes from Bitcoin. Now that the green light is trying to remain stable in the crypto market for those that have been holding for long to believe that bullish season is very close to them than to exercise patience so that they will not miss it.

[LogitechMouse]

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I've been searching for an opportunity that will enable me to earn extra income to keep me afloat in anticipation of the bull run, but I've always hit a roadblock due to several reasons like low APYs, dicey processes, and high risk, etc. I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.

I would like to suggest lending, but over the years, the popularity of those platforms who are offering an X amount of annual interest in exchange of lending your money has declined massively already.

Staking is what I'm doing right now, and for sure many here are also doing. I will not define what staking is as there's many videos on Youtube that explain what staking is. Since most of my coins can be staked (aside from Bitcoin), I'm just putting into staking platforms, and I just let it stay there, and in exchange, I'm earning coins on a monthly basis. Well, it wasn't as high, but earning tokens by doing nothing is better than just letting your coins not multiply.

Staking Ethereum would I think the lowest risk that you can do. The APY isn't as high because the risk is low, but you can assure that the amount of Ethereum that you will have will be more after a year. The only thing that you can't prevent is impermanent loss especially if the price of it goes down like what happened last year.

[Kasabus]

Staking would be the common solution. I personally don't have any idea to recommend on how to earn passive income in cryptocurrency right now aside from staking. It's a long bear market and maybe this is the time for you to invest on your chosen token as we are nearing the bull market. The long term plans might have a much worth that small gains you can get today.

Providing service would be the safest choice to generate income but yes, it's not a passive income.

I have to agree with this. Staking is what I see that will still help you earn crypto rewards and maximize your incentives especially that we are still in a bearish market, and would be a good preparation for the upcoming bullish season. However, there are also know consequences about staking. But one can simply adjust to it especially that we are looking here for long term rewards and incentives.

[Kelvinid]

With your attitude and market approach, I see trading wasn't the right place for you OP. Indeed, trading needs patience as to those who haven't such an attitude, I was certainly about to fail. Your decision about leaving trading is a good option as we don't need to push ourselves into something that we know we can't do nor we are capable of doing it.

If you are looking for low-risk but can be a passive income, consider investing and holding Bitcoin. But I'm not sure if it will work in you knowing that you are impatient.

[Jawhead999]

People who suggest @OP to stake his coins is wrong, staking is earning small amount of coins by taking big risk since smart contract is vulnerable and the centralized site can get hacked, so the @OP would lose all of his coins.

Preferably, my capital would be protected, and the potential for growth would work well for me.

Nothing, if you want your capital would be protected, the answer is time deposit since FDIC will give you assurance in case if the bank collapse, but there's no potential growth since fiat value will keep declining.

[Cookdata]

This is the longest bear market I've ever witnessed, and I've been in the crypto space for about 4 years now. I've blown my trading accounts many times and have taken numerous risk management courses in preparation for the bull market. I'm tired of waiting, and I don't have the mental fortitude to keep trading, haha. This brings me to why I'm writing this...

Let's start from you my dear friend, reading everything you wrote, I think the problem is from you because you are not patience, you lack one and that's why you did blow up your trading account. Bear market is one of the most completlcated time to make trades because if you are not expert, you will be making losses instead of profits and as you stated. You have read several books but do you know that trading in reality is different from reading, most often than not, what you fread may not be what you will experience when trading. You ought to have practice many times with paper trading to save yourself from this disappointments.

I've been searching for an opportunity that will enable me to earn extra income to keep me afloat in anticipation of the bull run, but I've always hit a roadblock due to several reasons like low APYs, dicey processes, and high risk, etc. I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.

There is nothing like passive income in crypto if we want to be honest with ourselves, nothing like that except for those Defi that promised some APY and APR annually but deep down, they are all scam, they don't have anything to reward you and the ones that may gives wouldn't be more than 5% yearly.
What I will advise you is this, buy bitcoin and hold, not a financial advise buy that's the best decision you can do to enjoy the crypto market.

[cryptocointrade.com]

I would check

If you hold Bitcoin BTC and want yield -> NEXO

If you hold Ethereum ETH and want yield -> Lido Finance or Kraken

Remember that all of the above examples introduce counterparty risk.

For example, before you deposit to Nexo you should be aware of Celsius, BlockFi, and other similar companies that failed.

It's up to each other if they believe the interest rate or staking reward is worth the risk taken.

If you are about to deposit into 3rd party companies, make sure you don't deposit 100% of your funds into 1 single company at least.

[michellee]

The best you can do is hold your Bitcoin in a wallet, keep it in the wallet and do other things like work IRL. That will eliminate your impatience in waiting for this bearish period to end so that your coins remain in your wallet until the bull run arrives.

And by doing other things IRL, you can earn money to survive and buy more Bitcoin with your salary. Of course, after you calculate how much you have spent and how much money you still have left. You don't need to look for staking, investing in new projects, or participating in fraudulent programs that end in scams.

But if you want to trade, you need to learn more about trading, how to analyze market movements, when you enter and exit the market and more. You have a lot to learn and with your impatience, I'm not sure you'll be able to learn. Sorry @OP, no intention of saying that.

[Dr.Bitcoin_Strange]

You know there are ways to get Bitcoin, either through gifts, working to be paid in Bitcoin, or investing your own money into Bitcoin. The Bitcoin bear market may be slow, but this is not the first Bitcoin bear market. You can go back and check the history of Bitcoin to see how long the previous bear market lasted. Either you look for a job that will pay you in Bitcoin, then you can keep holding the Bitcoin until the bull market finally comes, or you can also keep accumulating Bitcoin on a DCA strategy until the bull market. Trading Bitcoin is not profitable for every traders; sometimes before you can begin to make successful trades, you have lost a lot of money, so if you are not always profitable in trading, then you should only buy and hold.

[tjtonmoy]

If you want passive income, I recommend staking your funds. I believe now is a fantastic moment to stake because cryptocurrency prices are too low. Staking is superior to investing since you can earn more tokens while keeping your assets.

I don't think this is the best advice for passive income. In order to stake, you need a centralized platform. And in that process, you are going to give access to your assets to those platforms. Which is not a good thing. We see many platforms like this collapsing. If that happens what will happen to his funds? This is way too risky. Now let's talk about locked staking. You will have to give access to your assets and also you can not move or do anything if things go south. Also in times when there's a huge market movement, you are unable to sell because it's locked. Maybe the profit you could make from selling and buying again will compare to nothing that you get from staking. In my opinion, staking is risky and not worth it.

There are other investments that we can do in the real world which could give us passive income. Crypto is not the only solution. Try to go out and ask people about it. Learn from them and apply it. Successful people will be able to give you the best advice. Don't look for huge profit in the short term, look for slow but steady income. In the long run, it will make a huge difference.

[Lanatsa]

If you want passive income, I recommend staking your funds. I believe now is a fantastic moment to stake because cryptocurrency prices are too low. Staking is superior to investing since you can earn more tokens while keeping your assets.

I don't think this is the best advice for passive income. In order to stake, you need a centralized platform. And in that process, you are going to give access to your assets to those platforms. Which is not a good thing. We see many platforms like this collapsing. If that happens what will happen to his funds? This is way too risky. Now let's talk about locked staking. You will have to give access to your assets and also you can not move or do anything if things go south. Also in times when there's a huge market movement, you are unable to sell because it's locked. Maybe the profit you could make from selling and buying again will compare to nothing that you get from staking. In my opinion, staking is risky and not worth it.

There are other investments that we can do in the real world which could give us passive income. Crypto is not the only solution. Try to go out and ask people about it. Learn from them and apply it. Successful people will be able to give you the best advice. Don't look for huge profit in the short term, look for slow but steady income. In the long run, it will make a huge difference.

Always remember that if you dont possess the keys then its not your assets or coins anymore and with staking which we know that passing it out for those who do validate and offering those nasty APY's but the risk

on losing those coins is really that still there.Lets say that you have been able to hit up those APy earning for long time but the value of the said coin plummets? Then you had just wasted up your long time patience or waiting for nothing. This is why staking is never been that considered to ba good and less risky kind of passive income. Yes you could really be able to earn some coins/tokens out of your staked balance but we always do know that this market is really that unpredictable and there's no way that you could really be able to know on where those value would really be shooting up.

This is why on the time that you do find yourself on having non so long kind of patience and would be preferably on sticking into those slow pace but sure profits kind of set up then this crypto
market wont really be for you. You would really be needing to wait if needed because price cant really make out some significant movement in shortest time as possible.
There's no such thing about less risk but consistent money making or profit. It cant really be just that possible.

[lalabotax]

This is the longest bear market I've ever witnessed, and I've been in the crypto space for about 4 years now.

You are in your first bearish phase, so it's normal to feel this way. This will be a very valuable experience later because no matter what, the bearish market will happen again, it will happen again, because this is a cycle that always goes through. Whether it's 4 or 5 years, wait until it happens again. And that's why everyone definitely has some backup plans that must be carried out during the bearish phase. There are those who focus on accumulating certain coins with DCA, and there are also those who do short term or day trades to get daily profits. Of course, each has its own risks. Nothing is zero risk.

..I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.

At least this is the right step, namely by considering financial conditions so that it requires good and wise financial management. Indeed, when we are not ready for high risks, it would be better to avoid them, even though it might result in a high turn. If you want to get profits at least for the daily or short term, it seems that saving or staking is also not worth it. Passive income in crypto for short terms. It's a little hard to find.. Most often, it's just short term trading for coins too, open hype coins that are booming, so the risk isn't too big either. Because if you hype a coin, it's the same as taking a high risk.

[palle11]

If you want passive income, I recommend staking your funds. I believe now is a fantastic moment to stake because cryptocurrency prices are too low. Staking is superior to investing since you can earn more tokens while keeping your assets. If you acquire Bitcoin or altcoins today, you can profit more when the price rises. In my perspective, we are already in a bull market. However, because we are in the retracement phase, it is not too late to buy; we only need to figure out what the potential swing point is before the price continues to rise.

This is a good idea for OP if he is actually looking to go slow with the passive income because staking of coin is not a get rich quick program like Ponzi where you expect to cash out with 300% margin with days. OP looks to be in a haste to start earning from passive income, again it is passive and not main income so you have to be easy with it because when you stake your coin it means you have locked it up for a certain time until the time is complete, that is like keeping your fiat with a bank on a fixed duration.

[Johnyz]

This is the longest bear market I've ever witnessed, and I've been in the crypto space for about 4 years now. I've blown my trading accounts many times and have taken numerous risk management courses in preparation for the bull market. I'm tired of waiting, and I don't have the mental fortitude to keep trading, haha. This brings me to why I'm writing this...

Trading is also a waiting game, and if you think trading is not working well with you just try to hold instead of being active. Yes, this is the longest bear trend ever and your patience will be tested here and if you already know the market in the past 4 years you should have more confidence in the market and be more optimistic. Well, if you’re decided already I think bonds are more suitable for you as your profit is guaranteed and protected.

[usekevin]

It’s true with my knowledge,because their will periodic ups and down in the market.But now the market is bear for longer below the 30k mark,this may be due to less demand for now due to the less fluctuations in the price.Secondly the traders now long holding for the next halves in 2024,So nearly huge amount of bitcoin was stacked in the wallet.My request to you is to wait till next year,as we know the next halves going to occur in 2024.No need to trade your holdings,just hold till the next halves is enough to get good profit from bitcoin.

[Sanitough]

It’s rare to see a passive income from a low-risk job. However, I think with staking, probably you will make decent profits and earn rewards with this kind of low risk endeavor. But never expect that this can be reliable and sustainable in the long run. Know that the value of these rewards don’t have guarantees to keep surging in the future, as they may rise or drop in the future.

[RockBell]

I've been searching for an opportunity that will enable me to earn extra income to keep me afloat in anticipation of the bull run, but I've always hit a roadblock due to several reasons like low APYs, dicey processes, and high risk, etc. I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.

It's surprising that you have been in the crypto space for 4 years and are just joining the forum recently. We are currently in a bear market, and it started last year. Most traders are finding it difficult to make money, and I am sure you are also one of those traders. If you really want to stop stressing yourself out, then invest in bitcoin, because in the process of looking for wherever you will be making extra income, you might end up losing the amount you have left with you. What I will tell you is that just get a physical job and be doing, am sure you will be able to make money for survival from there, and the amount that you have left, just invest that amount in bitcoin and keep on holding it.

[irhact]

I've been searching for an opportunity that will enable me to earn extra income to keep me afloat in anticipation of the bull run, but I've always hit a roadblock due to several reasons like low APYs, dicey processes, and high risk, etc. I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.

This is how the bear market has always been, during the bear market the best thing you can do is to be preparing yourself for the bull market and the best way to do that is to be buying Bitcoin through DCA. Since you don't want to trade, have you thought about staking as that's the only way of receiving passive income from cryptocurency that have been used by many individual and they have testify of it been profitable to some extent but it's very risky.

To get full benefits of staking, you have to buy altcoins as it's only altcoins that you can stake directly from your wallet as bitcoin doesn't have staking ability and by buying altcoins you put yourself at risk of losing all your investment therefore it's left for you to decide.