But a passive income must be some periodic based, it could be weekly or monthly basis. Only lending out will fetch such opportunity but when considering the defaulters and scammers I am not finding a smooth income generation through it.
Staking, I have tried but only very few coins hold their price levels others losing their value along with new block rewards. (People keep on selling their staking rewards and no buyers to back up).
Holding coins for value appreciations will not guarantee for regular income.
Staking, I have tried but only very few coins hold their price levels others losing their value along with new block rewards. (People keep on selling their staking rewards and no buyers to back up).
Holding coins for value appreciations will not guarantee for regular income.
You do have a point there mate. Given the vast array of scammers around that would aim to steal your money, it makes it quite hard to establish a passive income with this way. As for PoS coins, most of them turn out to depreciate over time, which may cause you to lose more money than invested if not played right. I think that the cause of this is due to their high inflation, but in the bright side, you can take advantage of the pumps and dumps that occur on most of these coins, leaving you the opportunity to make profit.
If you were to find a good source of passive income, then that would be by making your own faucet. It would require a lot of hard effort like attracting visitors, and placing good ads to help payout the costs, but in the end, it would be very rewarding if done right. This may help you build a solid foundation towards establishing your passive income, for your financial freedom. Just sharing my thoughts.
