Post
Topic
Board Altcoin Discussion
Re: Crypto passive income - a bubble?
by
Emitdama
on 26/08/2020, 06:07:24 UTC
I see that more and more investors are interested in a passive income that comes from cryptocurrencies. But, I am a little bit afraid that all these concepts: staking, crypto lending, and all form of income that is generated from nothing will end up sooner or later. When you compare mining, you have to buy mining rigs at first, then you need to pay electricity, so you spent a lot of money to mine a Bitcoin and that makes it valuable. What about staking? What you sacrifice to receive new coins?
So do you think that all these things you have mentioned makes Bitcoin mining valuable or better than lending, staking, etc.? When it comes to lending you’re giving your hard earned money to someone and at the end you get interest on top, so why isn’t it valuable? There is no means of income that is not valuable, they are all good as long as it’s legit.

Staking is like investment, and when it comes to investment you’re putting your money into the hands of other people and they use that money to invest in other Businesses that will generate more income for them to pay you back, and also pay with interest. Just choose whatever you think works for you, it’s not a must that you will do what others do, and by the way I wouldn’t recommend mining this time around if you’re not ready to invest more into it, and if you’re living in a place where electricity is costly mining might not be a good option.