Post
Topic
Board Economics
Re: Best way for steady income
by
Sled
on 26/04/2017, 04:38:54 UTC
For steady income anything with bitcoin is not possible i think. I suggest you find lower risk investment, such as 5–10% interested, and live off the interest. If you invest like $100k then it is $5,000-$10,000/ year. Bitcoin is risky. I dont think that bitcoin can provide you with steady income. It's always fluctuating.
Crypto can't be considered as steady income for everyone, and there is no investment place which offering over 5% for interest. The possible thing is about the ponzi investment and it's really bad.

I think I didnt make it clear there. My mistake. With less risky investment, I meant stocks or bonds. I consider bitcoin as a complete opposite of steady. As for now, bitcoin can never provide steady income.
Well, but steady income is only for investors with bigger capital, majority of us here are risk takers and we will gamble a small amount of money to grow it into a bigger amount. Also, I think big investors are seeing a potential to grow their money bigger compared to traditional form of investment, the more it is risky the more it is exciting for investors.
I don't agree with you that the only person that can get stable income is the one who got a lot of money or bigger capital because that is not true, if you are a good researcher and you have a lot of patience in doing research and you know where and when is the right time to invest then you can easily get steady income. There is a lot of types for getting steady income and it is always up to us on how can get them.