Post
Topic
Board Trading Discussion
Re: Passive income
by
Antotena
on 15/06/2024, 11:17:31 UTC
I've tried a couple passive income schemes that turned out to be scams.

Does anybody know of any that are not scams?

Thanks!

Passive income used to be a big thing in the traditional finance but you know greed is the fastest way to catch a prey who loves money too much. Scammers are using that campaign to catch potential victims, set up a website and then give them something too good to be true, their brain will tell them that it's "good to be true" but they wouldn't listen, they will rather listen to their sense of money and then agree to for 20% annual return which is absurd.

If you want some honesty, passive income return is low but you can enjoy it when you have huge money. Some people will stake their coins and get 7% ROI than hold, this is how they make more coins both in bull run and bear market and it's really good for long term but it can only be beneficial when you have huge investment. Let's say for instance you have 10k sol, let's say you stake it at $150($150m) per sol and then with 7% annual return, you made 700 sol and the price probably go as high as $400 per sol, if you sell your sol at that price, you will make $280k from staking alone, you still have a capital of 10k sol which you bought at $150 and sold at $400, that's another $4m, total return on investment is now $4.280m.

If you subtract your capital from your profits, that's a whopping profit of $2,780,000 for staking, this is what more money brings as passive income for staking.( This is mere assumption, real situation might have some effects).