There are multiple ways to passively earn in this space. This page offers some education on just a few of the many options available.
eToro is a global market place for people to trade cryptocurrencies, forex, commodities, indices, stocks and etf’s online in a simple, transparent and enjoyable way.
They empower over 6 million users in more than 140 countries worldwide to manage their funds through their innovative online investment platforms and active trading community.
You can copy other traders (check their individual minimum copy recommendations) and passively see your account grow as theirs does, just remember they are human and could lose money too so do your research. You can check traders current portfolio as well as trading history if their profiles are public, (you can keep everything private).
You can also copy a copy fund (minimum $5,000USD) they are designed to act just like a fund manager, with some copy funds showing double digit returns.
If you know what you are doing place manual trades. Perform well enough and you could soon see yourself being copied.
And then there is the social aspect allowing you to publicly discuss the different markets and your thoughts with other traders, Etoro isn’t your usual trading platform.
Though POS (Proof of Stake) by holding some coins and staking them you can earn a reward. All coins have a different reward rate and some wallets for staking are easier to set up than others. Once you learn how to, you’ll be able to teach others as we see this space grow. Keep your private keys safe and secure.
Here are two videos about coins that don’t require your computer to be on 24/7 to stake.
Another way to earn passively is through mining. You could shell out millions setting up your own mining farm and the ongoing costs to run it or you could join one already in operation. There are lots to choose from all with different risk to reward metrics. Make sure you do your research. As this space is always evolving if you’d like to learn more about some of the options I’ve researched contact me so I can help further educate you about mining.
There are lots of platforms offering returns on your money. In recent history we have seen lots of these fail. I cannot express any more clearly than this DO NOT RISK WHAT YOU CAN’T AFFORD TO LOSE. I’ve heard too many stories of people gambling their life savings due to the advertised returns or worse still taking out loans. Nothing in this space is guaranteed. Although Bitcoin has now been around for over 10 years we are still in the early stages of adoption and regulation. As this space is always evolving if you’d like to learn more about some of the options I’ve researched contact me so I can help further educate you about platforms.
* Cryptocurrencies are a new asset class. Due to their new nature they are volatile. Don’t be greedy.
* All trading involves risk. Only risk capital you’re prepared to lose.
* Past performance does not guarantee future results.
* The content of this page is intended for educational purposes only, and shouldn’t be considered investment advice.