Quote from: Yatsan on August 17, 2024, 07:32:05 AM

Quote from: R1dwanRz on August 15, 2024, 09:05:36 AM

Hey guys, The market is all acting up again. Probably because of US CPI data. And so bitcoin dropped to 59-57K again. Do ya'll think it'll go for 70k price target? Because I believe we won't be stuck on that price for so long.

Anyways, I believe some folks are looking for some passive income right now. It's not an uncommon thing to do, we'd earn by staking, giving liquidity in a dex and etc. but what can be a really good passive income?

So I am assuming that many investors are holding USDT due to market uncertainty. I believe we can stake USDT at any good staking platform. Platforms like Bitget offer attractive rates of up to 18% APR, while Binance provides a more modest 1.91%, so y'all know what's best.

Yes its common to say that the current drop in price of bitcoin in the US. CPI data underpin the impact of the volatility of the market. While it's possible, as far as i know with broader economic factors and market sentiment, to get back to $70K, some work in the ways of passive income, such as betting and providing liquidity. In USDT there's a guaranteed and consistent return, although countercheck with the reliability of the platform. While the offer of an 18% APR by Bitget amounts to a tempting offer in itself, but you should not forget the risk and safety features during investment. On the other hand, Binance offers just 1.91%, which is low but more stable. So to add to this trend, what I have seen as the most common way to earn passive income and suggests to was discussed on the forum investing in coins or tokens, so their next bull season, that increase in value over time is because of the 'significant' impact of inflation returns, which I emphasize and you need a lot of patience for this one. Also, this one helps me too, you need to set the balance between risk and return against the investment objectives and risk tolerance, just take you time and don't make sudden decision without consulting it to someone you know or someone who can help you.

I agree with you about the best ways to earn passively is buying low and selling high but staking comes close. Gives you a leverage though their apr is often little. When op mention Bitget gives an 18% apr on usdt staking, I didn't believe so I went to do some digging. Turns out it's for south Asians as a way to celebrate independence day. More details here >> BG independence day staking offer. Op should specify from henceforth..