I've been searching for an opportunity that will enable me to earn extra income to keep me afloat in anticipation of the bull run, but I've always hit a roadblock due to several reasons like low APYs, dicey processes, and high risk, etc. I'm more conservative with finances, so I would appreciate any suggestions on a passive income offer or product with low risk. Preferably, my capital would be protected, and the potential for growth would work well for me.
Like you many of the hodl investors face a similar dilemma, there isn't much movement happening in the crypto market and keeping all of your coins in the wallet doesn't bring any returns. We got used to passive income through saving accounts and buying bonds that we would like to have a similar product in the crypto world. One of the few options to make some returns would be to lend out our coins. It's called staking and traders who don't have enough capital are always looking for ways to leverage their positions. Or business owners are looking for a cheap loan in the crypto world. The problem is that in both cases there is risk involved and you might lose your investment. As a conservative investor I think that staking is not suitable for you, since you are looking for low risk investments. My advice would be for you to take a small amount of your crypto portfolio and start trading it yourself. This way you remain in charge and can choose exactly how much risk you want to take. You don't have to rely on someone else to make a profit and your upside potential is much larger.