Post
Topic
Board Altcoin Discussion
Re: Crypto passive income - a bubble?
by
Mpamaegbu
on 30/08/2020, 16:35:08 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.
Everybody is yet to find out if staking will also end up in tears like what we experienced in 2017 with lending coins. I rue that era (lending coin era, so to write) because I bought and invested in a lot of lending coins that later turned scam projects. A lot of old members here will remember those inglorious days of Bitconnectcoin (BCC) and how a coin that was above $400 became zero in less than 24hours. It was hearts retching for a whole lot of people. So, OP my advice to you is to avoid any staking coin that gives more than a month lockdown period before your contract can be terminated.