Post
Topic
Board Mining (Altcoins)
Re: Mining is one of the top 3 ways to earn passive income w/ cryptocurrency!
by
adaseb
on 21/07/2019, 06:19:37 UTC
Didn't you do a video like this about a year ago when mining wasn't profitable anymore? I remember you telling people to stake instead.

I haven't had time to watch this video so I don't know if it has more ideas this time but I am assuming its talking about staking.

The issue with staking and running masternodes is that you are paid in the alt-coin, and that alt-coin value can drop with respect to Bitcoin or Fiat, so its not really considered passive income since you can lose money.

Like I said about a year ago, the only way to make passive income on Cryptos aside from mining is lending out your cryptos. You can lend them on Bitfinex and you get a decent rate for your BTC, ETH, Tether, etc.

Trading is not considered passive since most will lose money that way.

By the way, cool E30 M3 shirt.