Passive Crypto Is Absolutely Essential Post 2020
I think passive income is the absolute dream to work towards and I think most people would agree with me. However, most people have no idea how to get started along the road to financial freedom. This is largely due to a misconception that in order to earn passive income you have to own property or a massive position in a dividend paying stock.
For this reason many choose to never even start and miss out on the amazing opportunities out there, especially within the Crypto space. There is a very simple yet powerful dynamic that makes Crypto an absolute must, as a space to begin building passive Crypto income!
The Power Of Relativity
Many platforms offer payment or rewards in Crypto but the amount is being controlled and dictated by a dollar amount. For instance if a platform or site allots $0.20 per user for daily activity, then that amount is converted into the applicable Crypto that they are making the payment in. So, if the Crypto price is higher then the user will receive less satohis and vice versa.
However, if I am earning passive income then I am in essence earning a percentage of my current holdings and not a prescribed amount.
If I have 30 million satoshis invested and I earn 1 million satoshis, I will always earn 1 million satoshis. The only difference is that 0.01 BTC at $88 000 is worth almost 10X that of 0.01 BTC at $9200. Earning Crypto for daily activities, or even via faucets or surveys means that as the price of Crypto and BTC increases, the earnings in satoshis decrease. In essence, the price increase in Crypto has absolutely zero benefit to a person earning in this scenario.
The "investor" is on the opposite side and sees his daily income growing because it is a percentage of holdings rather than a set amount. So how can Crypto enthusiasts position themselves in such a way so as to grow daily earnings?
Exchange Tokens, Staking, Financial Smart Contract Protocols
These tokens will see price appreciation in a bull market, which means an increase in your original investment as well as your daily earnings. Bitmax is currently offering 32% per annum, while Graviex is dictated more by trading volume and we know what happens to volume in a bull market!
I am not a big fan of BNB because it does not really offer much apart from possible price appreciation and fee reductions. Bitmax and Graviex also have the possibility of price appreciation but they also pay daily dividends in BTC and other coins. Graviex pays out daily dividends in the form of BTC only!
Staking is also a very wise way to ensure higher earnings as prices increase into the future. Staking rewards vary between 1% and 10% generally, even though there are many other projects with higher returns. The only problem is that they are created to simply "create money" and have no real use case or purpose whatsoever. I prefer to simply ignore these honey traps!
As discussed in my recent post, "Three Top TRX Dapps Utilizing Smart Contracts For Passive Income!" there are a number of ways to lock up Crypto to earn daily interest using smart contracts. I think Bankroll Save is probably the surest and safest choice around currently but that is my opinion, please do not consider my opinions financial advice in any way.