What is the most used option for crypto passive income right now?

[R1dwanRz]

Hey guys, The market is all acting up again. Probably because of US CPI data. And so bitcoin dropped to 59-57K again. Do ya'll think it'll go for 70k price target? Because I believe we won't be stuck on that price for so long.

Anyways, I believe some folks are looking for some passive income right now. It's not an uncommon thing to do, we'd earn by staking, giving liquidity in a dex and etc. but what can be a really good passive income?

So I am assuming that many investors are holding USDT due to market uncertainty. I believe we can stake USDT at any good staking platform. Platforms like Bitget offer attractive rates of up to 18% APR, while Binance provides a more modest 1.91%, so y'all know what's best.

[Mia Chloe]

The most common method of getting passive income on the forum that I'm well aware of is investing in a coin or token that appreciates considerably in value over time. I made mention of considerably, because of the problem of inflation. A coin just increasing in price over time isn't really enough to justify that it has potential. If the appreciation of the coin is not able to anul the effect of inflation, then it shouldn't be a suitable form of investment.
An investment should be something that is able to store value for a long period of time. This is the reason some businesses avoid liquidity by working with unstable currencies like fiat that has the direct effect of inflation on it.

[Sayeds56]

Hey guys, The market is all acting up again. Probably because of US CPI data. And so bitcoin dropped to 59-57K again. Do ya'll think it'll go for 70k price target? Because I believe we won't be stuck on that price for so long.

Anyways, I believe some folks are looking for some passive income right now. It's not an uncommon thing to do, we'd earn by staking, giving liquidity in a dex and etc. but what can be a really good passive income?

So I am assuming that many investors are holding USDT due to market uncertainty. I believe we can stake USDT at any good staking platform. Platforms like Bitget offer attractive rates of up to 18% APR, while Binance provides a more modest 1.91%, so y'all know what's best.

You are correct that markets often react to announcements of economic events, in short co-relations exists between them, like the CPI data release causes major volatility in financial markets including cryptocurrencies.

Regarding earning passive income, I use Binance, Kucoin and Bybit  exchanges to stake my digital assets for reasonable rewards, and to quench my thirst of earning, I employ spot bot to avoid emotional trading, however in bot trading it is crucial to choose trading pairs that are trending or for safer option, stick to Bitcoin and Ethereum pairs.

[DeathAngel]

Passive income doesn’t exist in crypto without huge risk. You can stake but we have seen over the years why, not your keys, not your coins is so important. My advice would be to do nothing, just hold for 12 months & you will make more profit than any other shady passive income attempt.

[Plaguedeath]

So I am assuming that many investors are holding USDT due to market uncertainty. I believe we can stake USDT at any good staking platform. Platforms like Bitget offer attractive rates of up to 18% APR, while Binance provides a more modest 1.91%, so y'all know what's best.

Best in what?

Bitget isn't a secure exchange, while the reward is too low in Binance, I won't pick any of them. I will pick Binance because they have launch pool and you can earn free new coins, it can surpass the 18% APR in Bitget.

If the biggest exchange can be hacked, the chance of being hacked in other exchange will be higher.

[passwordnow]

Hey guys, The market is all acting up again. Probably because of US CPI data. And so bitcoin dropped to 59-57K again. Do ya'll think it'll go for 70k price target? Because I believe we won't be stuck on that price for so long.

The year is still have several months before it ends, so I am moving forward in seeing $70k soon. And  I am with you that we won't be stuck at $59k for so long.

Anyways, I believe some folks are looking for some passive income right now. It's not an uncommon thing to do, we'd earn by staking, giving liquidity in a dex and etc. but what can be a really good passive income?

So I am assuming that many investors are holding USDT due to market uncertainty. I believe we can stake USDT at any good staking platform. Platforms like Bitget offer attractive rates of up to 18% APR, while Binance provides a more modest 1.91%, so y'all know what's best.

Yeah, we all know the best and the exchange that you have mentioned because you're working for it. But as for the interest rates, going up as high as 18% APR won't be too long because if everyone stakes their USDTs there, there will be an adjustment for the exchange or else they'd go bankrupt in a year if majority of the users have got USDT and stakes it all at the same time and that's why the rates are also adjusting depending on the demand.

[Jating]

Hey guys, The market is all acting up again. Probably because of US CPI data. And so bitcoin dropped to 59-57K again. Do ya'll think it'll go for 70k price target? Because I believe we won't be stuck on that price for so long.

Others mentioned that we are in the ghost month, so yeah, historically August doesn't like to be a good month for Bitcoin and the rest of crypto. And with that, I don't see the price getting into a $70k range, we need a lot of money to push the price to that level. And with so many negative news around, I doubt that investors are willing to pour their money in the market.

Anyways, I believe some folks are looking for some passive income right now. It's not an uncommon thing to do, we'd earn by staking, giving liquidity in a dex and etc. but what can be a really good passive income?

Well everyone has to look for other ways to make income, it could be that we have online business. But for crypto, I think it's staking is good, however, you should know that your money is trapped with this kind of staking for at least a year.

So I am assuming that many investors are holding USDT due to market uncertainty. I believe we can stake USDT at any good staking platform. Platforms like Bitget offer attractive rates of up to 18% APR, while Binance provides a more modest 1.91%, so y'all know what's best.

Staking though is not the same as before, initially the APR is very high, but due to the competition, and more exchanges offering it, the APR has really gone done. Although still very high as compare to banks so yeah, why not as long as you are willing to take that risk.

[glendall]

So I am assuming that many investors are holding USDT due to market uncertainty. I believe we can stake USDT at any good staking platform. Platforms like Bitget offer attractive rates of up to 18% APR, while Binance provides a more modest 1.91%, so y'all know what's best.

Best in what?

Bitget isn't a secure exchange, while the reward is too low in Binance, I won't pick any of them. I will pick Binance because they have launch pool and you can earn free new coins, it can surpass the 18% APR in Bitget.

If the biggest exchange can be hacked, the chance of being hacked in other exchange will be higher.

That's right, if I had to choose, I would also choose Binance, especially if we hold the coins that support the launch, it will provide a lot of benefits from the results of the stake that we make, even though it's only 1.9%, it can provide profits.

[Sayeds56]

That's right, if I had to choose, I would also choose Binance, especially if we hold the coins that support the launch, it will provide a lot of benefits from the results of the stake that we make, even though it's only 1.9%, it can provide profits.

It is a smart strategy to hold BNB on Binance exchange to receive staking reward as well as you get qualified for new coins airdrop. I also have been staking BNB since long time and received number of airdrop rewards. The same option is also available on Kucoin and Bybit where you received multiple rewards for holding their native coins. Liquid staking platforms such as https://www.ether.fi/ on Ethereum network that provide attractive staking rewards every quarter.

[X-ray]

it's always staking, people stake their unused money because they don't have idea to leverage on it thats why the market of staking USDT is so competitive capital wise, investing $20k will yields peanut not even worth mention it's always minimum few hundred thousand only then it become interesting.

i personally for my passive income always go for dex and defi though with added risk of contract breach but I always diversify so if worst scenario happen i won't lose all my capitals, something like Pendle's PT yields good enough if it's far from maturity.
leveraging on people's speculation on airdrop point is the hot market right now.

[serjent05]

Anyways, I believe some folks are looking for some passive income right now. It's not an uncommon thing to do, we'd earn by staking, giving liquidity in a dex and etc. but what can be a really good passive income?

why look for another way of getting passive income when staking/yield earning is one of the best out there for passive earning?  But if you are still looking for another way, you can try lending if you have the funds though be wary of the risk involved.  If you don't have the money but have the connection, I think affiliate marketing is way better than the given method mentioned.

i personally for my passive income always go for dex and defi though with added risk of contract breach but I always diversify so if worst scenario happen i won't lose all my capitals, something like Pendle's PT yields good enough if it's far from maturity.
leveraging on people's speculation on airdrop point is the hot market right now.

Trading does not yield passive income.  Trading is not even considered a passive income because it needs an active participation to successfully execute a trade.

[betswift]

it's always staking, people stake their unused money because they don't have idea to leverage on it thats why the market of staking USDT is so competitive capital wise, investing $20k will yields peanut not even worth mention it's always minimum few hundred thousand only then it become interesting.

i personally for my passive income always go for dex and defi though with added risk of contract breach but I always diversify so if worst scenario happen i won't lose all my capitals, something like Pendle's PT yields good enough if it's far from maturity.
leveraging on people's speculation on airdrop point is the hot market right now.

Interesting strat and thoughts on it, thanks for them! I would choose security over higher rewards, though, it's everybody's choice

[Plaguedeath]

That's right, if I had to choose, I would also choose Binance, especially if we hold the coins that support the launch, it will provide a lot of benefits from the results of the stake that we make, even though it's only 1.9%, it can provide profits.

You misunderstood my point.

I said that Binance is better because it's the biggest exchange which likely to be secure compared to other exchanges. To earn "passive income" in Binance, I said to join launch pool, one project make you earn 1%-3%, although there's no guarantee every month there will be launch pool. So, joining launch pool might make you earn 12%-36% APR.

Earning 1.9% is nothing since average inflation rate is 4%-6%.

[pakhitheboss]

Passive income in cryptocurrency is available but it comes with risk. Staking is the most common form of passive income and usually exchanges are the best place for staking as the returns are high. The risk is that you will never have control over an exchange wallet. If anything happens to the exchange you will lose your coins. The best thing to do is to buy good coins and then hold them in non custodial wallet and wait for the price to go up. In the mean time you can continue accumulating more whenever the price of the coins go down.