Quote from: milewilda on July 13, 2023, 10:18:39 PM

Quote from: ultrloa on July 12, 2023, 12:48:49 PM

Quote from: TheUltraElite on July 08, 2023, 12:37:12 PM

Quote from: alexvause7 on June 28, 2023, 12:34:47 AM

Sure you can get crazy amounts of interest in some of the decentralized systems but most of them are traps. You better win a few to lose all.

Dont think that is a good option for anybody and the term "passive income" has been hyped a lot along with people who accept it as a good method to make money because of the term being an oxymoron - you cannot earn if you are passive. Consider the fixed deposit schemes of banks, yes that is a safer method than crypto based investments.

Crazy high amounts of income indicate that something fishy is going on, not that the project is super profitable or doing something revolutionary, that is what bitcoin has done.

What I observed from yield farming is that the long term proposition is not good, you carry a large risk than reward and hence I dont recommend it.

They should consider that there's no passive income thing on crypto especially if they are dealing it by investments since any of those can go or turn scam. This word us overused by scammers since they want to deceive their investors and make them believe that they can earn that if they invest on the platform those scammers created.

Yield farming I think this is not for long term and it the same with other that only good while its new but when people are done with this it will slowly collapsed.

Usually newbies or greedy ones are the people who would really get victimized be this on which they would really get blinded on what those offerings that they had able to encounter and if they do see that it is something
that would be giving out that kind of conditions on which earning up without doing nothing then it would really be that turns out to good to be true and that #1 rule that we do have in investment space is that, if there's something that make you money without doing nothing or no hard work but only investment needed then its really a scam. People should realize this but since those noobs doesnt have this kind of thing initially then
they are the ones who do really get caught which is really that sad. If they have just that sensible mind and common sense on how things works and how its done then you might be able to avoid such thing.
Passive income would really be just only possible when you do have a real estate business or rental or any industry which even if you do sleep you are earning but here on cryptospace?
This cant just that be possible and this is why its better to avoid as much as you could.

Because they don't know about what they are trying to enter and just been blinded with the profits discussed to then that's the reason why they easily believe that there's such thing like passive income on crypto investment. If they reach up crypto by realistic approach for sure they might be much careful upon dealing with their investment and gain profits with this.

Passive income still possible if you own a crypto business and it succeed.

But if you are just a simple investor then maybe you cannot get the passive profit you expect.