Earn Passive Income with Cryptocurrencies!

in #bitcoin8 years ago (edited)

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The best income is the passive income, where you don't have to do anything, just watch your money grow. The only thing you need to worry about is the risk of losing money, but if you invest smart, then this should be a minimal concern.

I have alway searched for ways to set up passive income streams, and you should too, because this is the future of making money. I can't believe people still do their 9-5 jobs and are happy with it, people should search for alternative ways to earn money.

In this article I will highlight a few ways you can earn passive income with cryptocurrencies.



1) Investing in Altcoins

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Although it's not as passive as it sounds, because you still need to do the research and analysis of the coin you would invest into, but it's better than a 9-5 job by all means. After you invested in the altcoin of your choice, you can just sit back and watch your trade go in the right direction if you traded at the right time. Although this is risky too, it doesn't really give you the "sleep well at night" mood, because if you have few trades, you will risk too much and worry too much, and if you trade too many times, then it's not that passive and requires a lot of work. Regardless, it's a popular income source for many crypto enthusiasts.

2) P2P Lending with Collateral

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It's not that widely used because it requires a smart way of doing it and most people are not capable of it. I am not talking about those lending platforms, I think those cause more harm than good, because it's full of scammers. But if you lend out Bitcoins and if you take a 110% collateral for it for example, then you can make some very smooth passive profit with very small or no risk. Bitcoin interest rates will inherently be low, since it's deflationary and there are tons of lenders out there already, however the risk is also very low with a proper collateral, so it should be an easy way to make passive income.

3) Casino Investment

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I have already talked about this earlier, you can use websites like Satoshidice, Betking and others to invest your Bitcoins into, and you could earn a profit from what the house makes daily. Its easy money, and these casinos are very reputable so the risk of theft & hack should be fairly low. Read my review article to get a sense of this:

https://steemit.com/investing/@profitgenerator/satoshi-dice-a-low-risk-investment-opportunity

4) Mining Bitcoins / Altcoins

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This is no comment, but apart from the maintenance work and calculations that are necessary to run a profitable BTC mine, it should be fairly passive, after all it's the ASICS that work, not you.

5) Investing in Steem Power

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Last but not least, there is Steem Power. Although STEEM has been going down lately, I think the downtrend is over. Nontheless if you believe Steemit will succeed in the long term, then you could bet on this by tanking up with SP. After reading my automatic curation theory, it should be fairly easy to earn money here by doing nothing if you have a lot of SP:

https://steemit.com/steemit/@profitgenerator/easy-passive-income-on-steemit



Disclaimer: The information provided on this page might be incorrect. I am not responsible if you lose money using the information on this page! This is not an investment advice, just my opinion and analysis for educational purposes.

Sources:
The Monero Project
Jack Cai
Oxygen Team


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Great piece and thanks for sharing. Upvoted and shared on Twitter✔ for my followers to read. STEEM is where the party is at..!! Stephen
https://twitter.com/StephenPKendal/status/800274896739766272

StephenPKendal Stephen P Kendal tweeted @ 20 Nov 2016 - 09:49 UTC

Earn Passive Income with Cryptocurrencies..!! #STEEM @Steemit

steemit.com/bitcoin/@profi… / https://t.co/i8zYQh95e9

Disclaimer: I am just a bot trying to be helpful.

Great article! Cash Flow is a great game to play in order to learn the importance of passive income. I would love to play with anyone willing to learn how to build wealth.

I like this type of stuff. Keep posting that fire my friend!!!

passive income is the last refuge of the those unable or unwilling to work 9 to 5...it's not a criticism but acknowledging a fact of life for many in our society. As the Delphic oracle said, know thyself--both your limits and abilities. Some of the best investments are passive in essence yet yield high returns.

Well I hope as labor gets more and more automated, people will be able to invest in those factories they once worked in so hard, and earn a passive income from that instead of work hard for it.

As for office jobs, well those will have to wait a while.

Great article as always. Passive income::

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I have played a bit with cloud mining. I made a very small investment and it. I have it set to automatically buy more capacity as it can. It is a perpetual contract that continues on until it is no longer profitable to mine. So my original small investment now brings in growing returns. Not exactly killing yet but it is profitable. My payback has been in about 3 months. BTW thanks for the continues support of my content.

Beware of cloud mining though, most of them are ponzi scams.

Yeah.. I have been concerned about that but so far so good. Not risking more than $30 bucks... So it is really just a play thing. Is there somethings better for the price?

A faucet:
https://steemit.com/bitcoin/@profitgenerator/creating-bitcoin-faucets-passive-money-maker

With 30-50$ investment, it could generate 50$/month if done correctly.

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