3 golden ways are:staking, Investing and DCA.
If you keep those things going on then it's impossible that you don't earn money when you sleeping.
Those who have fully done this will understand that sometimes it is not the golden way, other factors still allow you to fail as a stacker when you choose the wrong coin, make the wrong investment or are impatient to leave the investment for a longer period, and DCA is possible will experience doubts when seeing market conditions like today, even though you still have quite a lot of capital but seeing assets continue to fall of course there will be feelings of doubt, so these three can be the 3 golden ways but also vice versa, and still earning while you sleep is the dream of many people, it's just that achieving this is not easy and many fail to achieve it.
Well, if you end up with wrong choice of investments, it's certain that there will be failure and losses, but that's okay as long as you only invest on the amount you can afford to lose, and you re-invest this time with the right coins. These 3 golden keys do not guarantee all time profitability, but for a wise and well-rounded investor, he will certainly lessen the losses and maximize his profits at the end of the day.
For one, staking is only profitable if you choose the right projects. It may seem easy to say, staking can earn you passive income but when you try your hands into it, you will understand that it is quite complicated. If you stake the wrong project, you can easily liquidate your funds. Remember, most alts are in the declining stage not in the increasing trend. So ask yourself every time you put your funds into staking mode - am I in the right project or need to keep an eye of this one?
You need to do your research and study what type of project that you'll going to invest your money and you should always ask yourelf if you really doing the right thing in choosing the coin that you'll going to invest in, plus the time frame that you are willing to wait, most of the time the value of the coin declines and if you don't have the right knowledge about it, you'll be forced to sell it with big losses when you feel that there's nothing left that the project will offer and that decision is very crucial it change the direction of your investment and leads you losing your your hard erned money.
And other thing on which you do need to consider is on the risks that you could really be able to put up with because we know that when it comes to this aspect then it would really be that needing up
to have those considerations and tell yourself that there would really be no guarantee when dealing up with crypto investment on which we know on how volatile this market could be. If you are
someone whose really that not good when it comes to risks handling then you would really be finding yourself to be that impulsive into this regard. This is why it would really be that important that you should
really know on what you are doing so that you wont really be that easily panic out on the things that you would really be gonna doing.
We are all hoping to have that passive income on which we know that when it comes to this aspect then its something that could really be obtained or something that you could
really be able to make it happen but of course it would be basing up on the decisions you are making or actions that been done along the way.