Post
Topic
Board Beginners & Help
Re: Passively earning in crypto without trading.
by
adultcrypto
on 09/12/2024, 15:22:06 UTC
In order to bring more passive means of earning, staking, savings and lots of innovation came up to reward investors who are not willing to embark on trading but also want to earn from their crypto holdings. This strategy was quite more rampant during the bear market where products like Binance launchpool, high yield earns and Bitget sharkfin, dual investment and the rest where the best strategy to navigate the storm of the season.
I don't know how you knew that these things you mentioned are the best strategy to make money from cryptocurrency rather that HODLing. From experience, a lot of people lose money from most of the items you listed especially staking and launchpool because most of the tokens turn out to be worthless. I even knew people who were staking certain cryptocurrency and before maturity, the price has crashed so even though they had more token, their money was lost due to the dump. The risk in these schemes are just too much to endure so I rather buy bitcoin and HODL than do any of the things you listed.