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Author Topic: How to invest 8k for passive income.  (Read 461 times)
NotATether
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November 07, 2023, 08:07:43 AM
 #41

I have 8k worth of crypto how to invest

This amount to get 10 or 20$ per day safe methods

I tried future trading and lost

Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying

If it's Bitcoin, just be patient....

I tried to "invest" 2k worth of bitcoin long time ago, to get $X per day and I was burned, because as it turns out, there is no such thing as an investment platform that gives you that kind of money.

All kinds of speculative investments are risky and that is how the profit is created in the first place... because it goes up AND down.

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November 07, 2023, 09:07:24 AM
 #42

I would run away from any passive income that's high yield, it's possible you will double or make more money if you risk it but you can also lose everything.

This is a big problem among crypto investors today, they want a way that they can keep making some little amount of money using their crypto bag, this have made a lot of people lose money to staking rewards, as most of the Pos projects turned into scam after a year or two of operating.

For anyone in this tight situation, you are doing it wrong,  what you should have done is to hold your Bitcoin and get a job, you can't become a successful investors in crypto if you don't have a way of making money even if it's very little, so that you can take good care of yourself before the next bull market is here.

I don't do staking and I don't hunt for passive income through crypto, you can miss out on pumps while you are still staking your coins, and the project can even turn scan when you are still staking, buy and hold bitcoin and keep going to work for your monthly payments, survive into 2025 and get your result.

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November 07, 2023, 09:52:54 AM
 #43

I have 8k worth of crypto how to invest

This amount to get 10 or 20$ per day safe methods

Even if you have a fairly large capital of $8k, finding a consistent income of $20 per day will be difficult, because that's the same as 8% per month and that's a big presentation because most investments only provide profits of 10% per year.

I don't have a good idea about this, but one way that might be done is to provide capital to someone to sell food on the side of the road. Usually selling food can generate a profit of around 30-50%. However, this is also quite risky because it is difficult to find delicious food recipes, strategic location, and takes time to get customers.

To be honest, it is very difficult to get daily profits from investments because most investments provide annual profits and the amounts are not very large, around 10% per year.
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November 07, 2023, 10:20:21 AM
 #44

You’re not going to get passive income with an $8000 investment. You are here on a bitcoin forum so you are clearly at least slightly interested in cryptocurrency. Just buy bitcoin & be patient for many years. It’s boring & not what you want to hear but you will beat pretty much every other investment class over long term.

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November 07, 2023, 10:27:04 AM
 #45

You’re not going to get passive income with an $8000 investment. You are here on a bitcoin forum so you are clearly at least slightly interested in cryptocurrency. Just buy bitcoin & be patient for many years. It’s boring & not what you want to hear but you will beat pretty much every other investment class over long term.
Investment if is planned with good approach, would be long term. Good investment can help an investor to make a fortune and part of it can be their passive income when they cash out. However, to gain considerable profit, an investor usually must hold their invested assets long enough so taking profit regularly to have passive income is not a good idea. By taking profit, small part of your investment like this, you will never make a fortune with an investment.

I only take profit when I get like x2 or x3 of my initial capital, and I feel a necessary reason to take profit partially to get my initial capital.

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November 07, 2023, 10:42:17 AM
 #46

Passive income? Dude, there is no way to have a passive income that involves bitcoin unless you will let other trades trade your capital; that's some way to earn using passive income. But you can actually buy and "buy" bitcoin by staking or holding,but it still requires you to buy bitcoin by holding, and in staking, you need a portion of your bitcoin to be staked; you just need to find a legitimate platform that offers those services.

Oh, you can also do bitcoin mining. You could use your funds to buy mining kits, such as graphic cards and PC components. In summary, you still need to buy something to have a passive income. I personally do the three passive incomes I've mentioned because I get to earn while I'm just letting my assets sit on a platform, especially trading, which is my side hustle. anyway its up to you want passive income you will choose.

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November 07, 2023, 11:08:15 AM
Last edit: November 07, 2023, 11:22:24 AM by DabsPoorVersion
 #47

I have 8k worth of crypto how to invest

This amount to get 10 or 20$ per day safe methods

I tried future trading and lost

Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
Investing in crypto comes with a risk. Even with 8k worth of investment, targeting a passive income even a small amount will be hard. Unless you do trading, but then as you have mentioned, you're not quite fit to trade. Trading requires knowledge and experience to at least earn a passive income.

If you are aiming for an investment, there's no guarantee for you to earn a passive income, it all comes with a risk if it's an investment in crypto. Also, it will take time to earn. Only scam investment offers a passive income daily on investments.

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November 07, 2023, 11:22:55 AM
 #48

Quote from: Heyui67 deerlink=topic=5473111.msg63115486#msg63115486 date=1699293027
I have 8k worth of crypto how to invest
This amount to get 10 or 20$ per day safe methods
I tried future trading and lost
Are there any methods related to crypto or something else
And I don't want to invest in altcoins or buying
Future trading is not for all and does not give you the profits just once time you may repeat the future trading and then get some profits but remember future trading is very risky and there is a huge chance of Losing your whole funds. 8k is a big fund and you want 10 to 20$ per day profits which makes 40% I think per year and I think is difficult to use the save method but maybe in future trading you can do it but yeah it's again very risky and the chances of Lossing money is high. Another way is not to convert your fund from crypto to Bitcoin as it is safe and gives high profits and the halving and bullish runs coming near if you invest it and hold it for some time then it will make huge profits after some time.

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November 07, 2023, 12:49:05 PM
 #49

I have 8k worth of crypto how to invest

This amount to get 10 or 20$ per day safe methods

I tried future trading and lost

Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying

LOL, you are so greedy OP. Having initial capital is an advantage for you over others but that does not mean you will be able to make money passively with this market. This market does not offer risk-free methods of generating passive income. If you are willing to lose 8 thousand dollars in exchange for passive income, you can stake on centralized platforms. I think there will be some platforms that can offer the APY you want but in return you can also lose that $8k at any time. That's the price you need to trade if you don't want to work but want to make money quickly and passively.

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November 07, 2023, 01:03:51 PM
 #50

Why do you all suggest trading as a passive investment? Trading is anything but a passive source of income, because it requires a certain skill and requires daily engagement, following signals, etc... Also, here the risk can be very high and a couple of wrong positions will bring loss and return to the beginning.

As a passive investment, the first thing that comes to mind is to buy Bitcoin and hold it for a long period.

With $8k you also can start or buy a startup business online, where you will only improve it over time or pay someone to do it for you. It's not completely passive either, but a modest profit doesn't have to require a lot of commitment.

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November 07, 2023, 01:14:56 PM
 #51

Don't look for passive income, if you already have this 8k in Bitcoin you are in safer hands compare to other digital currencies out there, you can make 10x of this money by 2025 but you need another source of income and I get it, my question is how did you make this 8k in the first place? I will advice you to go back and keep making more money from there and keep living your life as if nothing interesting is happening, endure all the pain and stress of work till 2025, it's not that far away anymore and I believe by the third quarter of next year Bitcoin will already be skyrocketing.

What people can't do is having patience for a long term, they always get tired on the long run when the wait is almost over, I don't recommend buying Bitcoin miners, because it costs to run them too, your electricity bill must be lower for your mining operation to be profitable.

Holding Bitcoin at this stage of time is going to be way more profitable than starting to mine right now, also miners comes with few disadvantages, what happens if something breaks in the miner? You will have to spend more to get it fix, it also depend on the user, are you familiar with any crypto miner in the past? Can you monitor the miner very closely at home? Do you work miles away from your home? There are other things to put into account before making this decision.
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November 07, 2023, 01:38:47 PM
 #52

I have 8k worth of crypto how to invest
You can invest them on Bitcoin, ETH, BNB or TRX They are the safest investment among crypto coins but they cannot give you a passive income. Crypto Invest never offers passive income. But if you hold them long term you can get a good profit

Quote
This amount to get 10 or 20$ per day safe methods
Earning $10-20 per day by investing $8k is possible and very easy.  But in this case you have to trade.  But if you do long term investment instead of trying for daily income then I think it will give you better results.

Quote
I tried future trading and lost
Future trading is very risky from here you can lose your entire fund if you use leverage. So always avoid future trading

Quote
Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
if you want to invest in crypto but not altcoins then just focus on bitcoin











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November 07, 2023, 02:39:32 PM
 #53

This amount to get 10 or 20$ per day safe methods

I tried future trading and lost

Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
First of all I want to say that if you are new at trading and don't know much about analysis then my suggestion will be for you don't go for short term trading and also don't fall in future trading. You have already mention that you have faced loss on future trading. You have also mention that you don't wanna invest on alternative coins I think that's a good idea. When investing in alt coins there will be always a question on the secureness.
In this case you can invest on Bitcoin but there will be also the risk will remain if you wanna get from a passive profit from this fund. Because in term of Bitcoin if you wanna do short term trading then you must have enough knowledge about technical analysis then I think you can get a good passive income without facing loss. But if you have don't know about technical analysis then I will say that put the money in Bitcoin for long term if the fund is Idle. 

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November 07, 2023, 02:52:21 PM
 #54

I have 8k worth of crypto how to invest

This amount to get 10 or 20$ per day safe methods

I tried future trading and lost

Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying
I think that to get regular income out of investments, one needs to be a trader. But not just a trader, a good trader. It's risky, and it's hardly passive. But if you have $8k in cryptos, I think simply putting it all into Bitcoin (because altcoins are way riskier) and waiting for, like, a year (maybe more, maybe less) is a simple plan. That sort of long-term investment is passive (you don't need to do anything with it), and while it's not $10 daily, it can add up to a nice profit once Bitcoin recovers. Of course, there's zero guarantee that Bitcoin will actually recover, but it's a reasonable expectation, considering that it has done it many times before.

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November 07, 2023, 03:15:25 PM
 #55

I have 8k worth of crypto how to invest

This amount to get 10 or 20$ per day safe methods

I tried future trading and lost

Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying

Op You can definitely invest $10 to $20 weekly or monthly in bitcoins. You can count on Bitcoin in the future as 2024 Bitcoin Halbing predicts.  So if you invest for long term then you will definitely get benefit as long term investment in Bitcoin is very less risk. And you must have the ability to take risk in the beginning so that you can succeed in investing.

To learn more, visit this link to learn more about how to invest in Bitcoin.: https://bitcointalk.org/index.php?topic=5132720.0

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November 07, 2023, 03:25:38 PM
 #56

So as long as the risk isn't high enough I honestly don't see this forecast possible, even the stable earnings that come from staking don't matchup to the numbers you looking for....unless you pump in more capital to find a way to get that $20 per day.

Something that I see as a viable business around the forum could be the loan business but this takes time to know how to loan out, who to loan out, what venting process to use to avoid bad debts on the book otherwise that $8K around here can go a long way to archive you ROI per day...

 
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November 07, 2023, 04:47:06 PM
 #57

I do not think that a transaction or passive income involves depositing an amount of money in bitcoin and then recovering some profits, what is done is that if $8k or more is invested, if bitcoin goes up, the investment goes up, It is something logical, it is something that everyone expects, so for me passive income is those that with an investment you obtain income at once, but in the market you can obtain a profit or a negative balance, this depends on how the market is, so Therefore, an investment in Bitcoin can be positive or negative depending on what is available in the market situation. It's whatever it is at the moment

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November 07, 2023, 04:52:05 PM
 #58

I have 8k worth of crypto how to invest

This amount to get 10 or 20$ per day safe methods

I tried future trading and lost

Is there any methods related to crypto or something else
And i dont want to invest in altcoins or buying

There is no way where you can make sure sort money. Atleast in the crypto field. Yes you can try staking the cryptos in popular exchanges like Binance and they can give you small interest in return. But I think that won’t be sufficient for long go. You can buy coins and hold them for long term if you want, this won’t give quick and huge profits, but will give sufficient ones. I don’t recommend risking money at high stake for steady returns. Moreover if possible copy trade any big trader, definitely you can make good profit from it.

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November 07, 2023, 11:44:47 PM
 #59


There is no way where you can make sure sort money. Atleast in the crypto field. Yes you can try staking the cryptos in popular exchanges like Binance and they can give you small interest in return. But I think that won’t be sufficient for long go. You can buy coins and hold them for long term if you want, this won’t give quick and huge profits, but will give sufficient ones. I don’t recommend risking money at high stake for steady returns. Moreover if possible copy trade any big trader, definitely you can make good profit from it.
Been into the system alone is a risk, I've controlled myself from anticipating any gambling relating activities. High stakes brings signals profits but small stakes will accumulates only changes which will settle only for drinks. Laying your hands on profits are the mere ambition of life's but in a situation were we are compressed, into doing the right thing would be brilliant. Trading can save up that amount depending on how good the person in question is. A techincal pro trader can flip any account given to him or her without hesitation, as long one is confident and knows the basic steps to follow.

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November 08, 2023, 03:49:11 PM
 #60

What do you exactly mean when you say safe methods? Is it about securely earning $10 or $20 stabel'y while your $8k capital remains the same? Because apart from that, there is also a risk if you will entrust your capital to someone else. It would be better to just invest in your own or to a wallet where you hold your private keys with you.

The only down side of it is, your capital can fluctuate but there are also times that you can hit your desired profit target or earn more than that, if the fluctuations go in the upward position consistently. Just buy and HODL a Bitcoin if you are not a fan of altcoins but investing in BTC is much better if you won't pull out your profits from time to time.

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