Is it possible to earn passive income through crypto currencies?
- Thread starter Hate2Wait
- Start date
Yes, it is possible but you need some knowledge and a good follow-up.
- Thread starter
- #23
You are right @Imran Noori and this is why I am planning to invest bigger amount in cryptocurrency and keep it invested for a long time to see if I can make profit from it.
Yes, it is possible to earn passive income through cryptocurrencies. There are several ways to do this, including:
- Staking: Many cryptocurrencies offer staking as a way for holders to earn passive income. Staking involves holding onto a certain amount of coins in a wallet for a specified period of time to help validate transactions on the blockchain. In return, the staker earns rewards in the form of new coins.
- Masternodes: Some cryptocurrencies, such as Dash, allow users to earn passive income by setting up and running a masternode. Masternodes perform specific functions on the network, such as processing transactions, and are rewarded for their contributions.
- Dividends: Some cryptocurrencies, such as Nexo, offer regular dividends to holders. These dividends are paid out in the form of new coins and are proportional to the amount of the currency that the individual holds.
- Lending: Some platforms, such as Nexo or Celsius Network, allow users to lend their cryptocurrencies to others in exchange for interest. This can provide a steady stream of passive income, although it does come with some risk as the value of the lent coins can fluctuate.
If you hold a cryptocurrency for a very long time it will continue to appreciate and by the time you want to sell it, you will make huge profit which is a passive income.
You are doing great, investing in crypto and being patient for it's long term will help you make big profits, trading in short term could be profitable but only for those who know strategies.
You can have your crypto business to serve as your passive income. This crypto thing will not disappear in the face of the world. It has many supporters and users and one is you. You may reach millions 10 years from now.
Yes, it's definitely possible to earn passive income through crypto currencies. Some popular options include staking, earning dividends, lending, airdrops and mining. There are various network marketing like programs also which can help you earn crypto for referring people. Make sure you do research and risks involved in crypto currency investments before investing in any crypto currency project.
You can earn money passively with cryptocurrencies, for example with staking, which already carries an intrinsic risk because the coins can fluctuate more than the percentage offered by having them staked, another way would be mining which will start to give you returns passives at the moment in which you amortize the investment of the mining machinery and the rewards exceed the energy costs used, so it is not so easy to obtain passives.
It is very possible to make money from cryptocurrencies if you understand how to trade you will be able to make reasonable amount of money because you will have understanding of the technical and fundamental analysis.
It is also important to know that staking carries risks as long as you do it with a volatile coin, especially if you do them onchain where the token can be blocked for days or even weeks without being able to take it out to sell it.
It is possible to make a passive income through cryptocurrency and that could only be done when you stake certain amount of money of coins with the cryptocurrency exchange so that you can earn money passively.
Cryptocurrency is a surefire way to make money online because it is definitely one of the ways that which people are utilising to make reasonable amount of income for themselves and to create passive money.
Yeah, staking cryptocurrenc is one of the best ways you can use to make passive income with it. There are a lot of people who make money through cryptocurrency staking and it is very lucrative.
It is very possible to make passive income with cryptocurrencies. You just need to understand some things like staking, lending and a whole lot of others. You need to learn defi properly.
Post automatically merged:
It is very possible to make passive income with cryptocurrencies. You just need to understand some things like staking, lending and a whole lot of others. You need to learn defi properly.
Last edited:
If you are investing and it appreciates with time and gives you profit, then it is a passive income at that point.
This is possible. However, it requires a great amount of skill