Quote from: philipma1957 on July 21, 2019, 02:48:23 PM

Quote from: PontiacCrypto109 on July 21, 2019, 02:12:05 PM

Quote from: adaseb on July 21, 2019, 06:19:37 AM

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.

MAY I ask. Are these crypto lending platforms really for real? I mean they ain't scammy right?

I am asking this question because I actually intended venturing into a business like that. Who knows maybe I can actually make a few profits, cos I have lost so much already in 2018.

Bitfinex was hacked and kind of paid off the debt. So you are very vulnerable to hacking.

@ op by USA tax law mining is not passive income it is active. I do not know any laws in other countries.

Oops my fears are just probably renewed right now. Thanks for. The heads up mate.