Passive income

[Mr. Magkaisa]

I've tried a couple passive income schemes that turned out to be scams.

Does anybody know of any that are not scams?

Thanks!

          -    In this day and age, it is very difficult to have passive income, especially if you are not a skilled person or resourceful enough to have a source of income. But if you are a resourceful individual, it is also guaranteed that you will not lose a source of income every month.

If you are here in the field of cryptocurrency business, there are also many ways for you to have passive income here. If you only have holdings that have crypto potential apart from Bitcoin, you can have a passive income through staking/farming, trading, and skills related to the technology that exists here; the others are bounties, campaigns, and airdrops. But the risk is high because this is where the scammers come in, so you have to be vigilant and careful.

[passwordnow]

People will tell you to delegate, stake, deposit in exchanges to earn interest and easy money from them. I won't object but what I'd like to tell you is before you do any of them, you have to know the risk that they have. The risk is you're giving them the whole trust of your fund and whatever happens to them, they might reject to refund your money, that's it.

If you don't have the skills then real estate is the best option to go for it will give you some good profits.

I agree to this. Owning a real estate will have you two things or maybe three but here's the gist;

1. Yearly appreciation of the real estate value. So, that's still passive income and it's to be the known one of the best assets in the world.
2. You can have passive income through renting it.
3. You can pass it on to your kids or whoever as an inheritance.

[TheUltraElite]

I've tried a couple passive income schemes that turned out to be scams.

Does anybody know of any that are not scams?

Thanks!

The idea of earning money while doing nothing is what is said to be passive income, it seems tempting and hence you will likely find scams if you randomly go about searching for it.

In my last 8years on this forum I have been looking for proper methods for this. Most of them have a <10% per year interest rate.

1. Investing in a casino bankroll. Not many casinos allow this anymore, but a few still do and they are not bad.
2. Holding bitcoin for years and stacking up more every dip - not exactly a passive but a worthy one.
3. Staking altcoins - NOT recommended.

Check out this thread by @mindrust
[GUIDE] Best Crypto Investment Opportunities for Passive Income -2024

[liasbaa]

You have to be very skilled at getting passive income, which will make it much easier to get the source of income. It is crypto trading or investment or any other means. Since you are regular in this forum, you start invest bitcoin and with some crypto token. Keep Bitcoin in a long time and invest in the market for a short time crypto token.

[BABY SHOES]

Actually, there are many ways to make passive income, it's just that we need to look for legitimate ones, if you are deceived then you are too trusting in the large APY but this turns out to be a scam.

You can do staking, lending or detailing tokens on DEX/CEX you can also join launchpools on some well-known exchanges only this requires large capital so that you feel passive income.

But never risk funds on an unfamiliar platform or give unreasonable interest then you need to be careful this is usually a scam.

[Fara Chan]

You have to be very skilled at getting passive income, which will make it much easier to get the source of income. It is crypto trading or investment or any other means. Since you are regular in this forum, you start invest bitcoin and with some crypto token. Keep Bitcoin in a long time and invest in the market for a short time crypto token.

What you suggest will actually make the OP confused because the OP is a beginner who has become a victim of fraud with the promise of passive income, even though it is not. And the suggestion to buy Bitcoin and then store it for a long period is indeed good because it can be considered an investment in our own future. But trading will clearly not be easy enough for a beginner who has become a victim of fraud for something, so he must have time to hone his mental and abilities through study and also through several other sources that can motivate him to rise from the downturn he has experienced, mate.

[Z_MBFM]

I've tried a couple passive income schemes that turned out to be scams.

Does anybody know of any that are not scams?

Thanks!

For passive income you need to have a good job or build a business otherwise you can't have passive income. Crypto investment or trading cannot give you passive income. You will lose if you are a professional in trading and in trading you cannot guarantee how much amount you can profit every month. When your income is not stable then your income cannot be called passive income. There are a lot of scams in crypto and those who are careful can avoid scams but cannot avoid losses if trading.